[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 22976]]



DEPARTMENT OF THE TREASURY (TREAS)                                     


  



_______________________________________________________________________

DEPARTMENT OF THE TREASURY

31 CFR Subtitle A, Chs. I and II

Semiannual Agenda

AGENCY: Department of the Treasury.

ACTION: Semiannual regulatory agenda.

_______________________________________________________________________

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

FOR FURTHER INFORMATION CONTACT: 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 United 
States Customs Service from the Department of the Treasury to the DHS, 
where it is now known as the Bureau of Customs and Border Protection. 
Notwithstanding the transfer of the Customs Service to DHS, the Act 
provides that the Secretary of the Treasury retains sole legal 
authority over the customs revenue functions, and authorizes the 
Secretary to delegate any of this retained authority to the Secretary 
of Homeland Security. By Treasury Department Order No. 100-16, the 
Secretary of the Treasury delegated to the Secretary of Homeland 
Security authority to prescribe regulations pertaining to the customs 
revenue functions. This Order further provided that the Secretary of 
the Treasury retained the sole authority to approve any such 
regulations concerning import quotas or trade bans; user fees; marking 
and labeling; copyright and trademark enforcement; and the completion 
of entry or substance of entry summary, including duty assessment and 
collection, classification, valuation, application of the U.S. 
Harmonized Schedules, eligibility or requirements for preferential 
trade programs, and the establishment of recordkeeping requirements. 
Accordingly, these regulations are listed in the semiannual regulatory 
agenda of the Departmental Offices of the Department of the Treasury. 
Because of continuing limitations in the computer software used to 
prepare the agenda, the agency information under the heading ``For 
Further Information Contact'' for 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).

Dated: March 6, 2007.

 Richard S. Carro,

Senior Advisor to the General Counsel for Regulatory Affairs.

                                    Departmental Offices--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2081        Remote Location Filing................................................................    1505-AB20
2082        Expanded Methods of Payment of Duties, Taxes, Interest, and Fees......................    1505-AB22
2083        Uniform Rules of Origin...............................................................    1505-AB49
2084        Revision of Outbound Redelivery Procedures and Liabilities............................    1505-AB52
2085        Centralization of the Continuous Bond Program at the CBP National Finance Center......    1505-AB54
2086        Administrative Rulings and Protests...................................................    1505-AB65
2087        Foreign Repairs to American Vessels; Consolidation of Vessel Repair Units.............    1505-AB71
2088        Prohibition on Funding of Unlawful Internet Gambling..................................    1505-AB78
----------------------------------------------------------------------------------------------------------------


                                     Departmental Offices--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2089        Reporting and Procedures Regulations; Cuban Assets Control Regulations: Publication of    1505-AA95
            Economic Sanctions Enforcement Guidelines.............................................
2090        Country-of-Origin Marking.............................................................    1505-AB21
2091        User and Navigation Fees; Other Reimbursable Charges..................................    1505-AB24
2092        African Growth and Opportunity Act and Generalized System of Preferences..............    1505-AB26
2093        United States-Caribbean Basin Trade Partnership Act and Caribbean Basin Initiative....    1505-AB28
2094        Reimbursable Customs Inspectional Services--Increase in Hourly Rate Charge............    1505-AB29
2095        Dog and Cat Protection Act............................................................    1505-AB31
2096        Trade Benefits Under the African Growth and Opportunity Act...........................    1505-AB38
2097        Fees for Customs Processing at Express Consignment Carrier Facilities.................    1505-AB39
2098        Trade Benefits Under the Caribbean Basin Economic Recovery Act........................    1505-AB40
2099        United States--Singapore Free Trade Agreement.........................................    1505-AB48
2100        Recordation of Copyrights and Enforcement Procedures To Prevent Importation of            1505-AB51
            Piratical Articles....................................................................
2101        NAFTA: Merchandise Processing Fee Exemption and Technical Corrections.................    1505-AB58

[[Page 22977]]

 
2102        Country of Origin of Textile and Apparel Products.....................................    1505-AB60
2103        Dominican Republic-Central America-United States Free Trade Agreement.................    1505-AB64
2104        Entry of Certain Cement Products From Mexico Requiring a Commerce Department Import       1505-AB68
            License...............................................................................
2105        Economic Sanctions Enforcement Procedures for Banking Institutions....................    1505-AB69
2106        Entry Of Certain Softwood Lumber Products From Canada Requiring An Export Permit......    1505-AB73
2107        United States--Jordan Free Trade Agreement............................................    1505-AB75
2108        United States--Morocco Free Trade Agreement...........................................    1505-AB76
2109        United States--Australia Free Trade Agreement.........................................    1505-AB77
2110        Extension of Import Restrictions Imposed on Archaeological and Ethnological Material      1505-AB79
            From Peru.............................................................................
2111        Extension of Import Restrictions Imposed on Pre-Classical and Classical Archaeological    1505-AB80
            Material and Byzantine Ecclesiastical and Ritual Ethnological Material From Cyprus....
----------------------------------------------------------------------------------------------------------------


                                     Departmental Offices--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2112        Possible Regulation of Access to Accounts at Financial Institutions Through Payment       1505-AA74
            Service Providers.....................................................................
2113        Financial Subsidiaries................................................................    1505-AA81
2114        Secretary's Determination of Real Estate Brokerage....................................    1505-AA84
2115        Terrorism Risk Insurance Program; Recoupments of Federal Share of Compensation for        1505-AB10
            Insured Losses........................................................................
2116        Harbor Maintenance Fee................................................................    1505-AB11
2117        Donated Cargo Exemption From Harbor Maintenance Fee...................................    1505-AB12
2118        Reconciliation........................................................................    1505-AB16
2119        North American Free Trade Agreement (NAFTA)--Implementation of Duty-Deferral Program      1505-AB17
            Provisions............................................................................
----------------------------------------------------------------------------------------------------------------


                                     Departmental Offices--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2120        United States--Chile Free Trade Agreement.............................................    1505-AB47
2121        Conditional Release Period and Customs Bond Obligations for Food, Drugs, Devices, and     1505-AB57
            Cosmetics.............................................................................
2122        Fees for Certain Services.............................................................    1505-AB62
2123        Extension of Import Restrictions Imposed on Archaeological and Ethnological Material      1505-AB74
            From Bolivia..........................................................................
----------------------------------------------------------------------------------------------------------------


                               Financial Crimes Enforcement Network--Prerule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2124        Customer Identification Programs for Pawn Brokers.....................................    1506-AA39
2125        Provision of Banking Services to Money Services Businesses............................    1506-AA85
----------------------------------------------------------------------------------------------------------------


                            Financial Crimes Enforcement Network--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2126        Customer Identification Programs for Travel Agents....................................    1506-AA38
2127        Customer Identification Programs for Loan and Finance Companies.......................    1506-AA40
2128        Customer Identification Programs for Sellers of Vehicles..............................    1506-AA41
2129        Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering Programs for        1506-AA73
            Loan and Finance Companies............................................................

[[Page 22978]]

 
2130        Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering Programs for        1506-AA80
            Businesses Engaged in Vehicle Sales, Including Automobile, Airplane, and Boat Sales...
2131        Amendments to Bank Secrecy Act Regulations--Casino Recordkeeping and Reporting            1506-AA84
            Requirements..........................................................................
2132        Amendment to the Bank Secrecy Act Regulations--Requirement That Check Cashers Report      1506-AA87
            Suspicious Transactions...............................................................
----------------------------------------------------------------------------------------------------------------


                             Financial Crimes Enforcement Network--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2133        Amendment to the Bank Secrecy Act Regulations Regarding Reporting of Cross-Border         1506-AA15
            Transportation of Certain Monetary Instruments........................................
2134        Amendment to the Bank Secrecy Act Regulations--Exemptions From the Requirement To         1506-AA23
            Report Transactions in Currency.......................................................
2135        Amendment to the Bank Secrecy Act Regulations--Requirement That Nonfinancial Trades or    1506-AA25
            Businesses Report Certain Currency Transactions.......................................
2136        Customer Identification Programs for Banks, Savings Associations, and Credit Unions...    1506-AA31
2137        Amendment to the Bank Secrecy Act Regulations--Requirement That Mutual Funds Report       1506-AA37
            Suspicious Transactions...............................................................
2138        Imposition of Special Measures Against the Country of Nauru...........................    1506-AA43
2139        Financial Crimes Enforcement; Amendments to the Bank Secrecy Act Regulations--            1506-AA61
            Nomenclature Changes..................................................................
2140        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.............................................
2141        Imposition of Special Measure Against Infobank as a Financial Institution of Primary      1506-AA67
            Money Laundering Concern..............................................................
2142        Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering Programs for        1506-AA68
            Mutual Funds..........................................................................
2143        Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering Programs for        1506-AA69
            Travel Agencies.......................................................................
2144        Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering Programs for        1506-AA71
            Investment Advisors...................................................................
2145        Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering Programs for        1506-AA72
            Financial Institutions................................................................
2146        Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering Programs for        1506-AA74
            Money Services Businesses.............................................................
2147        Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering Programs for        1506-AA75
            Commodity Trading Advisors............................................................
2148        Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering Programs for        1506-AA76
            Operators of a Credit Card System.....................................................
2149        Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering Programs for        1506-AA77
            Unregistered Investment Companies.....................................................
2150        Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering Programs for        1506-AA78
            Dealers in Precious Metals, Stones, or Jewels.........................................
2151        Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering Programs for        1506-AA79
            Persons Involved in Real Estate Closings and Settlements..............................
2152        Amendment to the Bank Secrecy Act Regulations--Imposition of Special Measure Against      1506-AA83
            Banco Delta Asia SARL.................................................................
2153        Threshold for the Requirement To Collect, Retain, and Transmit Information on Funds       1506-AA86
            Transfer and Transmittal of Funds.....................................................
----------------------------------------------------------------------------------------------------------------


                             Financial Crimes Enforcement Network--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2154        Amendments to the Bank Secrecy Act Regulations--Special Reporting and Recordkeeping       1506-AA19
            Requirements--Money Services Businesses (MSBs)........................................
----------------------------------------------------------------------------------------------------------------


[[Page 22979]]


                             Financial Crimes Enforcement Network--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2155        Imposition of Special Measures Against the Commercial Bank of Syria as a Financial        1506-AA64
            Institution of Primary Money Laundering Concern.......................................
----------------------------------------------------------------------------------------------------------------


                                Financial Management Service--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2156        Claims on Account of Treasury Checks..................................................    1510-AA51
2157        Federal Government Participation in the Automated Clearing House (ACH)................    1510-AB00
2158        Rules and Procedures for Efficient Federal-State Funds Transfers......................    1510-AB12
2159        Management of Federal Agency Disbursements............................................    1510-AB13
----------------------------------------------------------------------------------------------------------------


                                 Financial Management Service--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2160        Federal Claims Collection Standard--Collection by Installments........................    1510-AA91
2161        Payment of Federal Taxes and the Treasury Tax and Loan Program........................    1510-AB01
2162        Depositaries and Financial Agents of the Federal Government...........................    1510-AB10
2163        Payment of Federal Taxes and the Treasury Loan Program................................    1510-AB11
----------------------------------------------------------------------------------------------------------------


                                 Financial Management Service--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2164        Administrative Offset Under Reciprocal Agreements with States.........................    1510-AB09
----------------------------------------------------------------------------------------------------------------


                             Alcohol and Tobacco Tax and Trade Bureau--Prerule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2165        Proposed Revisions to the Beer Regulations............................................    1513-AB05
----------------------------------------------------------------------------------------------------------------


                          Alcohol and Tobacco Tax and Trade Bureau--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2166        Denatured Spirits, Articles, and Nonbeverage Products.................................    1513-AB03
2167        Labeling and Advertising of Wines, Distilled Spirits, and Malt Beverages..............    1513-AB07
2168        Alternating Brewery Proprietors.......................................................    1513-AB09
2169        Use of the Word ``Pure'' or Its Variants in the Labeling and Advertising of Alcohol       1513-AB16
            Beverages.............................................................................
2170        Proposed Expansion of the Santa Maria Valley Viticultural Area........................    1513-AB31
2171        Proposed Amendment to the Standards of Identity for Distilled Spirits.................    1513-AB33
2172        Modification of Mandatory Label Information for Wine..................................    1513-AB36
2173        Proposed Establishment of the Upper Mississippi River Valley Viticultural Area........    1513-AB40
2174        Proposed Establishment of the Pine Mountain-Mayacmas Viticultural Area................    1513-AB41
2175        Proposed Establishment of the Lake Chelan Viticultural Area...........................    1513-AB42
2176        Proposed Expansion of the Fort Ross Seaview Viticultural Area.........................    1513-AB44
2177        Proposed Establishment of the Haw River Valley Viticultural Area......................    1513-AB45

[[Page 22980]]

 
2178        Proposed Establishment of the Indiana Uplands Viticultural Area.......................    1513-AB46
2179        Proposed Expansion of the Paso Robles Viticultural Area...............................    1513-AB47
2180        Firearms and Ammunition Excise Taxes, Consignment Sales of Imported Articles..........    1513-AB12
2181        Determination of Tax and Recordkeeping on Large Cigars................................    1513-AA16
2182        Proposed Revisions to the Distilled Spirits Plant Regulations.........................    1513-AA23
2183        Proposed Addition of New Grape Variety Names for American Wines.......................    1513-AA42
2184        Petition To Establish Santa Maria Bench as a New American Viticultural Area...........    1513-AA51
2185        Form TTB F 5100.51, Formula and Process for Domestic and Imported Alcohol Beverages...    1513-AB28
2186        Nonbeverage Product Formulas..........................................................    1513-AB35
2187        Proposed Revision of Part 9--American Viticultural Areas..............................    1513-AB39
----------------------------------------------------------------------------------------------------------------


                           Alcohol and Tobacco Tax and Trade Bureau--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2188        New Certification Requirements for Imported Wine......................................    1513-AB00
2189        Major Food Allergen Labeling for Wines, Distilled Spirits, and Malt Beverages.........    1513-AB08
2190        Quarterly Excise Tax Filing for Small Alcohol Excise Taxpayers........................    1513-AB17
2191        Green Valley of Russian River Valley..................................................    1513-AB18
2192        Lehigh Valley.........................................................................    1513-AB19
2193        Swan Creek............................................................................    1513-AB20
2194        San Francisco Bay Expansion...........................................................    1513-AB21
2195        Snake River Valley....................................................................    1513-AB22
2196        Proposed Expansion of the Alexander Valley Viticultural Area..........................    1513-AB23
2197        Proposed Establishment of the Tulocay Viticultural Area...............................    1513-AB26
2198        Proposed Establishment of the Paso Robles Westside Viticultural Area..................    1513-AB27
2199        Firearms Excise Tax; Exemption for Small Manufacturers, Producers, and Importers......    1513-AB25
2200        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............................
2201        Tax Classification of Cigars and Cigarettes...........................................    1513-AB34
2202        Implementation of Public Law 105-33, Section 9302, Relating to Tobacco Product Minimum    1513-AB37
            Manufacturing Requirements and Transfer Marking.......................................
2203        Tobacco Products and Cigarette Papers and Tubes Shipped From Puerto Rico to the U.S...    1513-AB38
2204        Implementation of Wine Credit Provisions of Public Law 104-188........................    1513-AA05
2205        Implementation of Public Law 105-33, Section 9302, Requiring the Qualification of         1513-AA10
            Tobacco Product Importers and Miscellaneous Technical Amendments......................
2206        Proposal To Recognize Synonyms for Petite Sirah and Zinfandel Grape Varieties.........    1513-AA32
2207        Organic Claims in Labeling and Advertising of Alcohol Beverages.......................    1513-AA46
2208        Petition To Establish the Fort Ross Seaview Viticultural Area.........................    1513-AA64
2209        Petition To Establish Calistoga as an American Viticultural Area......................    1513-AA92
2210        Materials Authorized for the Treatment of Wine and Juice; Processes Authorized for the    1513-AA96
            Treatment of Wine, Juice, and Distilling Material.....................................
2211        Suspension of Special (Occupational) Tax..............................................    1513-AB04
2212        Implementation of Public Law 103-465, Section 712, Time for Payment and Deposits of       1513-AB43
            Certain Excise Taxes (No. 277)........................................................
----------------------------------------------------------------------------------------------------------------


                           Alcohol and Tobacco Tax and Trade Bureau--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2213        Prohibition of Alcohol Beverage Containers and Standard of Fill for Distilled Spirits     1513-AA07
            and Wine..............................................................................
2214        Use of Various Winemaking Terms on Wine Labels and in Advertisements; Request for         1513-AB24
            Public Comment........................................................................
2215        Availability of Information...........................................................    1513-AA98
2216        Exportation of Liquors................................................................    1513-AA00

[[Page 22981]]

 
2217        Implementation of Public Law 105-34, Section 1416, Relating to Refund of Tax for          1513-AA06
            Domestic Wine Returned to Bond Regardless of Merchantability (Taxpayer Relief Act of
            1997).................................................................................
2218        Amended Standard of Identity for Sherry...............................................    1513-AA08
2219        Labeling and Advertising of Malt Beverages............................................    1513-AA60
----------------------------------------------------------------------------------------------------------------


                           Alcohol and Tobacco Tax and Trade Bureau--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2220        Petition To Establish the Outer Coastal Plain American Viticultural Area..............    1513-AB13
2221        Technical Amendment to Regulations....................................................    1513-AB32
2222        Petition To Establish Chehalem Mountains as a New American Viticultural Area..........    1513-AA57
2223        Petition To Establish the Shawnee Hills Viticultural Area.............................    1513-AA70
2224        Proposed Establishment of Tracy Hills Viticultural Area...............................    1513-AA89
----------------------------------------------------------------------------------------------------------------


                                Comptroller of the Currency--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2225        Regulatory Burden Reduction and Technical Amendments..................................    1557-AC79
2226        Interagency Proposal for Model Privacy Form Under the Gramm-Leach-Bliley Act..........    1557-AC80
2227        Accuracy and Integrity of Information Furnished to a Consumer Reporting Agency........    1557-AC89
2228        Lending Limits Pilot Program..........................................................    1557-AD03
----------------------------------------------------------------------------------------------------------------


                                  Comptroller of the Currency--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2229        Identity Theft Detection, Prevention, and Mitigation Program for Financial                1557-AC87
            Institutions and Creditors............................................................
2230        Fair Credit Reporting: Affiliate Marketing Regulations................................    1557-AC88
2231        Implementation of a Revised Basel Capital Accord (Basel II)...........................    1557-AC91
2232        Risk-Based Capital Guidelines; Capital Adequacy Guidelines; Capital Maintenance:          1557-AC95
            Domestic Capital Modifications (Basel IA).............................................
2233        Risk-Based Capital Standards: Market Risk.............................................    1557-AC99
2234        Expanded Examination Cycle for Certain Small Insured Depository Institutions and U.S.     1557-AD02
            Branches and Agencies of Foreign Banks................................................
----------------------------------------------------------------------------------------------------------------


                                 Comptroller of the Currency--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2235        Recordkeeping Requirements for Bank Exceptions From Securities Broker or Dealer           1557-AB93
            Registration..........................................................................
2236        Management Official Interlocks........................................................    1557-AD01
----------------------------------------------------------------------------------------------------------------


[[Page 22982]]


                                 Comptroller of the Currency--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2237        Community Reinvestment Act Regulations................................................    1557-AD00
----------------------------------------------------------------------------------------------------------------


                                     Internal Revenue Service--Prerule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2238        Imposition of Withholding on Certain Payments Made by Government Entities.............    1545-BG45
----------------------------------------------------------------------------------------------------------------


                                  Internal Revenue Service--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2239        Income Tax--Taxpayer's Obligation To File a Notice of Redetermination of Foreign Tax      1545-AC09
            and Civil Penalties for Failure To File...............................................
2240        Clarification of Treatment of Separate Limitation Losses..............................    1545-AM11
2241        Outbound Transfers of Property to Foreign Corporations................................    1545-AM97
2242        Foreign Insurance Company--Domestic Election..........................................    1545-AO25
2243        Taxation of Global Trading............................................................    1545-AP01
2244        Definition of ``Highly Compensated Employee''.........................................    1545-AQ74
2245        Integrated Financial Transaction......................................................    1545-AR20
2246        Application of Attribution Rules to Foreign Trusts....................................    1545-AU91
2247        Agreements for Payment of Tax Liabilities in Installments.............................    1545-AU97
2248        Substantiating Travel Expense Deductions for Members of Congress......................    1545-AV55
2249        Constructive Sales of Appreciated Financial Positions.................................    1545-AW97
2250        Rules for Sourcing Certain Transportation Income, Space, or Ocean Activity Income, and    1545-AX02
            Related Foreign Base Company Shipping Income..........................................
2251        Guidance on Cost Recovery in the Entertainment Industry...............................    1545-AX12
2252        Inspection of Written Determinations..................................................    1545-AX40
2253        Awarding of Costs and Certain Fees....................................................    1545-AX46
2254        Modification to Section 367(a) Stock Transfer Regulations.............................    1545-AX77
2255        Definition of Passive Foreign Investment Company Under Section 1297...................    1545-AX78
2256        Clarification of Foreign Base Company Sales Income Rules..............................    1545-AX91
2257        Taxable Years of Controlled Foreign Corporations (CFCs)...............................    1545-AY30
2258        Dollar-Value LIFO.....................................................................    1545-AY39
2259        Special Rules Relating to Transfers of Intangibles to Foreign Corporations............    1545-AY41
2260        Liabilities Assumed in Certain Corporate Transactions.................................    1545-AY74
2261        Disclosure of Returns and Return Information in Judicial and Administrative Tax           1545-AY89
            Proceedings...........................................................................
2262        Transactions Involving Obligations of Consolidated Group Members......................    1545-BA11
2263        Deductibility of Employer Contributions for Deferred Compensation.....................    1545-BA13
2264        Allocation and Apportionment Rules: Guidance on Selected Issues.......................    1545-BA64
2265        Allocation of New Markets Tax Credit..................................................    1545-BA84
2266        Accrual Rules for Creditable Foreign Taxes and Guidance on Change in Taxable Year.....    1545-BB27
2267        Amending the Low-Income Housing Tax Credit Program....................................    1545-BB37
2268        Substitute Dividend Payments in Securities Lending and Similar Transactions...........    1545-BB56
2269        Loss on Subsidiary Stock..............................................................    1545-BB61
2270        Liquidation of an Interest............................................................    1545-BB71
2271        Utility Allowance Regulation Update...................................................    1545-BC22
2272        Additional Guidance Regarding Mark-to-Market Accounting for Traders in Securities and/    1545-BC48
            or Commodities, Including Foreign Currency Instruments................................
2273        Coordination of United States and Certain Possessions Income Taxes....................    1545-BC54
2274        Suspension of Running of Period of Limitation During a Proceeding To Enforce or Quash     1545-BC55
            a Designated or Related Summons.......................................................
2275        Guidance Under Section 2053 Regarding Post-Death Events...............................    1545-BC56
2276        Qualified Zone Academy Bonds; Obligations of States and Political Subdivisions........    1545-BC61
2277        Below-Market Loans....................................................................    1545-BC78

[[Page 22983]]

 
2278        Regulations Governing the Performance of Actuarial Services Under the Employee            1545-BC82
            Retirement Income Security Act of 1974................................................
2279        Definition of Loss for Purposes of the Straddle Rules.................................    1545-BC83
2280        Guidance Regarding the Active Trade or Business Requirement Under Section 355(b)......    1545-BC94
2281        Accumulated Adjustment Account and Other Corporate Separations Under Section 355......    1545-BC98
2282        Support Test in the Case of a Child of Divorced Parents...............................    1545-BD01
2283        Definition of Qualified Foreign Corporation...........................................    1545-BD15
2284        REMIC Interest-Only Regular Interests.................................................    1545-BD18
2285        Section 42 Qualified Contract Provisions..............................................    1545-BD20
2286        Payments for Which No Return of Information Is Required Under Section 6041............    1545-BD21
2287        Definition of Disqualified Person.....................................................    1545-BD28
2288        Transfers of Restricted Stock.........................................................    1545-BD44
2289        Classification of Indian Tribal Corporations..........................................    1545-BD61
2290        Declaratory Judgment--Gift Tax Value..................................................    1545-BD67
2291        Regulations Under Section 706 Regarding Determination of Distributive Shares When a       1545-BD71
            Partner's Interest Changes............................................................
2292        Shareholder's Basis in Stock of an S Corporation......................................    1545-BD72
2293        Guidance Under Section 707(c) Regarding Guaranteed Payments...........................    1545-BD74
2294        Update and Revision of Treasury Regulation Sections 1.381(c)(4) and (5)-1.............    1545-BD81
2295        Amendments to 26 CFR Section 1.263(a)-5 Regarding Treatment of Capitalized Costs......    1545-BD82
2296        Guidance Regarding Selected Issues Under Section 336(e)...............................    1545-BD84
2297        Definition of the ``Due Date'' for Purposes of Calculating Overpayment Interest Under     1545-BD86
            Section 301.6611(h)...................................................................
2298        Reduction of Fuel Excise Tax Evasion..................................................    1545-BE03
2299        Intra-Group Gross Receipts Under Section 41...........................................    1545-BE14
2300        Farmer and Fisherman Income Averaging Under the American Jobs Creation Act of 2004        1545-BE23
            (AJCA)................................................................................
2301        Tractors, Trailers, Trucks, and Tires.................................................    1545-BE31
2302        Release of Lien or Discharge of Property..............................................    1545-BE35
2303        Research Expenditures Resulting in Inventory Property.................................    1545-BE64
2304        Section 401(a)(4) Guidance............................................................    1545-BE69
2305        Information Reporting on Real Estate Transactions.....................................    1545-BE73
2306        Start-Up and Organizational Expenditures..............................................    1545-BE77
2307        Abandonment of Stock and Other Securities.............................................    1545-BE80
2308        Targeted Populations Under Section 45D(e)(2)..........................................    1545-BE89
2309        S Corporation Guidance Under American Jobs Creation Act of 2004.......................    1545-BE95
2310        Capital Costs Incurred To Comply With EPA Sulfur Regulations..........................    1545-BE96
2311        Disallowance of Partnership Loss Transfers and Basis Reduction in Stock of a Corporate    1545-BE98
            Partner...............................................................................
2312        Section 704(c) and 737 Regulations Update.............................................    1545-BE99
2313        Cafeteria Plans.......................................................................    1545-BF00
2314        Election To Expense Certain Refineries................................................    1545-BF05
2315        Credit Card Claims....................................................................    1545-BF07
2316        Nuclear Decommissioning Cost..........................................................    1545-BF08
2317        Clean Renewable Energy Bonds..........................................................    1545-BF11
2318        Federal Income Tax Consequences of Transfers Between an Individual Debtor and the         1545-BF13
            Bankruptcy Estate in Cases Under Chapters 7 and 11 of Title 11 of the United States
            Code..................................................................................
2319        Alcohol Fuel and Biodiesel............................................................    1545-BF17
2320        Credit for Production From Advanced Nuclear Power Facilities..........................    1545-BF19
2321        Taxpayer Assistance Orders............................................................    1545-BF33
2322        Entertainment Expense Disallowance....................................................    1545-BF34
2323        Failure To Maintain List of Advisees With Respect to Reportable Transactions..........    1545-BF39
2324        Accuracy-Related Penalties............................................................    1545-BF40
2325        Taxation of Fringe Benefits and Exclusions From Gross Income of Certain Fringe            1545-BF42
            Benefits..............................................................................
2326        Limitation on Importation of Built-In Losses..........................................    1545-BF43
2327        Further Guidance Regarding Application of Section 409A................................    1545-BF50
2328        Requirements for Reorganizations Qualifying Under Section 368(a)(1)(E) or (F).........    1545-BF51
2329        475 Held for Investment...............................................................    1545-BF53
2330        Change to Office to Which Notices of Nonjudicial Sale and Requests for Return of          1545-BF54
            Wrongfully Levied Property Must be Sent...............................................
2331        Section 6707 and the Failure To Furnish Information Regarding Reportable Transactions.    1545-BF59

[[Page 22984]]

 
2332        Section 6707A and the Failure To Include on any Return or Statement any Information       1545-BF61
            Required To Be Disclosed Under Section 6011 With Respect to a Reportable Transaction..
2333        Activities Customarily Performed by States and Local Governments......................    1545-BF63
2334        Clarification of Section 6411 Regulations.............................................    1545-BF65
2335        Applying Section 1(h) to Capital Gain Dividends of RICS and REITS.....................    1545-BF72
2336        Multiple Annuity Starting Date Limitations on Benefits Under Qualified Plans..........    1545-BF74
2337        Guidance on Determination of Interest Expense Allocable in a Global Dealing Operation.    1545-BF76
2338        U.S. Source Income Effectively Connected With U.S. Business...........................    1545-BF77
2339        Source of Income; Source of Guarantee Fee Income......................................    1545-BF78
2340        Guidance Under Section 67 Regarding Miscellaneous Itemized Deductions of a Trust or       1545-BF80
            Estate................................................................................
2341        Regulation To Delete the Tort Type Rights Test From the Section 104(a)(2) Regulations.    1545-BF81
2342        Exclusion of Income From the International Operation of Ships or Aircraft.............    1545-BF90
2343        Withholding and Reporting Obligations Under Section 1441 Regarding Tender Offers......    1545-BF93
2344        Circular 230--Review of Section 10.35 et seq..........................................    1545-BF96
2345        Extensions of Time To File Entity Classification Elections............................    1545-BG01
2346        Built-In Gains and Losses Under Section 382(h)........................................    1545-BG03
2347        Revision to Regulations Relating To Withholding of Tax on Certain U.S. Source Income      1545-BG04
            Paid to Foreign Persons and Revision of Information Reporting Regulations.............
2348        Electronic Payment System Mailbox Rule................................................    1545-BG05
2349        Allocation of Costs Under the Simplified Methods......................................    1545-BG07
2350        Income of Foreign Governments and International Organizations.........................    1545-BG08
2351        Section 1.367(a)-8 Revisions..........................................................    1545-BG09
2352        Information Returns Required With Respect to Certain Foreign Corporations and Other       1545-BG11
            Conforming Changes....................................................................
2353        Medical and Accident Insurance Benefits Under Qualified Plans.........................    1545-BG12
2354        Withdrawal of Regulations Under Old Section 6323(B)(10)...............................    1545-BG13
2355        Corporate Reorganizations: Guidance on the Measurement of Continuity of Interest......    1545-BG15
2356        Section 7508A Regulations.............................................................    1545-BG16
2357        Section 751(b) Update.................................................................    1545-BG21
2358        Anti-Avoidance and Anti-Loss Reimportation Rules Applicable Following a Loss on           1545-BG25
            Disposition of Stock of Consolidated Subsidiaries.....................................
2359        Determining the Amount of Taxes Paid for Purposes of Section 901......................    1545-BG27
2360        Corporate Reorganizations; Additional Guidance on Distributions Under Sections            1545-BG28
            368(a)(1)(D) and 354(b)(1)(B).........................................................
2361        Mortality Table for Determining Present Value.........................................    1545-BG30
2362        Qualified Films Under Section 199.....................................................    1545-BG33
2363        Hybrid Retirement Plans...............................................................    1545-BG36
2364        Calculating and Apportioning the Section 11(b)(1) Additional Tax Under Section 1561       1545-BG39
            for Controlled Groups.................................................................
2365        Interest on Overpayments..............................................................    1545-BG42
2366        Determination of Governmental Plan Status.............................................    1545-BG43
2367        Notice Requirements for Certain Pension Plan Amendments Significantly Reducing the        1545-BG48
            Rate of Future Benefit Accrual........................................................
2368        Employment Tax Adjustments............................................................    1545-BG50
----------------------------------------------------------------------------------------------------------------


                                   Internal Revenue Service--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2369        Income Tax--Definition of Qualified Possession Source Investment Income for Purposes      1545-AC10
            of Puerto Rico and Possession Tax Credit..............................................
2370        Information From Passport and Immigration Applicants..................................    1545-AJ93
2371        Foreign Corporations..................................................................    1545-AK74
2372        Nonrecognition of Corporate Distributions and Reorganizations Under the Foreign           1545-AK79
            Investment in Real Property Tax Act...................................................
2373        Computation of a Branch's Taxable Income; Taxation of Exchange Gain or Loss on Branch     1545-AM12
            Remittances...........................................................................
2374        Earnings and Profits of Controlled Foreign Corporations...............................    1545-AM90
2375        Earnings Stripping Payments...........................................................    1545-AO24
2376        Registration Required Obligations.....................................................    1545-AP33
2377        Mark-to-Market Upon Disposition.......................................................    1545-AS85

[[Page 22985]]

 
2378        Straddles--Miscellaneous Issues.......................................................    1545-AT46
2379        Recomputation of Life Insurance Reserves..............................................    1545-AU49
2380        Mark-to-Market Accounting for Dealers in Commodities and Traders in Securities and        1545-AW06
            Commodities...........................................................................
2381        Stocks and Securities Safe Harbor Exception...........................................    1545-AW13
2382        Intercompany Obligations..............................................................    1545-AW30
2383        Allocation and Apportionment of Interest Expense and Certain Other Expenses...........    1545-AX72
2384        Capitalization of Interest and Carrying Charges Properly Allocable to Straddles.......    1545-AX92
2385        Guidance on Changes to the Laws for Corporate Estimated Taxes.........................    1545-AY22
2386        Previously Taxed Earnings and Profits Under Subpart F.................................    1545-AY54
2387        Normalization.........................................................................    1545-AY75
2388        Consolidated Returns; Nonapplicability of Section 357(c)..............................    1545-BA09
2389        Reductions of Accruals and Allocations Because of Increased Age.......................    1545-BA10
2390        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.......................................................................
2391        Noncompensatory Partnership Options...................................................    1545-BA53
2392        Circular 230--Phase 2 Nonshelter Revisions............................................    1545-BA72
2393        Guidance on Reporting of Deposit Interest Paid to Nonresident Aliens..................    1545-BA86
2394        Section 1248 Attribution Principles...................................................    1545-BA93
2395        Guidance To Facilitate Electronic Tax Administration..................................    1545-BA96
2396        Section 482: Methods To Determine Taxable Income in Connection With a Cost-Sharing        1545-BB26
            Arrangement...........................................................................
2397        Application of Separate Limitations to Dividends From Noncontrolled Section 902           1545-BB28
            Corporation...........................................................................
2398        Treatment of Services Under Section 482...............................................    1545-BB31
2399        Amendment to Section 6724 Relating to Failure To File Correct Information Returns.....    1545-BB41
2400        Contributions To Purchase Certain Retirement Annuities or Custodial Accounts Under        1545-BB64
            Section 403(b)........................................................................
2401        Notional Principal Contracts; Contingent Nonperiodic Payments.........................    1545-BB82
2402        REMIC Residuals--Timing of Income for Foreign Holders.................................    1545-BB84
2403        Predecessors or Successors Under Section 355(e).......................................    1545-BB85
2404        Expenses for Household and Dependent Care Services Necessary for Gainful Employment...    1545-BB86
2405        Guidance Regarding Mark-to-Market Valuation for Certain Securities....................    1545-BB90
2406        Partnership Equity for Services.......................................................    1545-BB92
2407        Accrual for Certain REMIC Regular Interests...........................................    1545-BB94
2408        Entry of Taxable Fuel.................................................................    1545-BC08
2409        Special Consolidated Return Rules for Interest Expense Disallowed Under Section           1545-BC23
            265(a)(2).............................................................................
2410        Guidance Regarding Application of Section 265(a)(2) and 246A in Transactions Involving    1545-BC24
            Related Parties, Pass-Through Entities, or Other Intermediaries.......................
2411        Guidance on PFIC Purging Elections....................................................    1545-BC37
2412        Qualified Severance Regulations.......................................................    1545-BC50
2413        Stewardship Expenses..................................................................    1545-BC52
2414        Guidance Under Section 707 Regarding Disguised Sales..................................    1545-BC63
2415        Section 1045 Application to Partnerships..............................................    1545-BC67
2416        Disclosures to Subcontractors.........................................................    1545-BC92
2417        Solid Waste Disposal Facilities.......................................................    1545-BD04
2418        Public Inspection of Written Determinations Under Section 6110 of the Internal Revenue    1545-BD09
            Code (Temporary)......................................................................
2419        Escrow Accounts, Trusts, and Other Funds Used During Deferred Exchanges of Like-Kind      1545-BD19
            Property..............................................................................
2420        Guidance on Phased Retirement.........................................................    1545-BD23
2421        Coordination of United States and Certain Possessions Income Taxes (Temporary)........    1545-BD32
2422        HIPAA Portability: Special Enrollment Procedures, Tolling, and Interaction With FMLA..    1545-BD51
2423        Guidance Under Section 1502; Miscellaneous Operating Rules for Successor Persons;         1545-BD54
            Succession to Items of the Liquidating Corporation....................................
2424        Asset Transfers Following Putative Reorganizations....................................    1545-BD56
2425        Mandatory e-Filing for Forms 1120.....................................................    1545-BD65
2426        Section 704(b)(2) and Substantiality..................................................    1545-BD70
2427        Special Rules To Reduce Section 1446 Withholding......................................    1545-BD80
2428        Dye Injection.........................................................................    1545-BE04
2429        Disclosure of Return Information to the Bureau of the Census..........................    1545-BE08
2430        Elimination of Country-by-Country Reporting to Shareholders of Foreign Taxes Paid by      1545-BE09
            Regulated Investment Companies........................................................
2431        Circular 230--Covered Opinion Amendments..............................................    1545-BE13
2432        Capitalization of Amounts Paid To Repair or Improve Tangible Property.................    1545-BE18

[[Page 22986]]

 
2433        Withholding Exemptions................................................................    1545-BE20
2434        Section 6011 Regulations..............................................................    1545-BE24
2435        Section 6111 Regulations..............................................................    1545-BE26
2436        Section 6112 Regulations..............................................................    1545-BE28
2437        Guidance Under Subpart F Relating to Partnerships.....................................    1545-BE34
2438        Farmer and Fisherman Income Averaging Under the American Jobs Creation Act of 2004        1545-BE39
            (AJCA) (Temporary)....................................................................
2439        Disregarded Entities and Collections..................................................    1545-BE43
2440        Balanced System for Measuring Organizational and Employee Performance Within the          1545-BE45
            Internal Revenue Service..............................................................
2441        Information Returns Required With Respect to Certain Foreign Corporations and Other       1545-BE47
            Conforming Changes....................................................................
2442        Limitation on Transfer of Built-In Losses.............................................    1545-BE58
2443        Converting an IRA Annuity to a Roth IRA...............................................    1545-BE65
2444        Assumption of Liabilities.............................................................    1545-BE67
2445        Life/Non-Life Tacking Rule............................................................    1545-BE85
2446        Treatment of Excess Loss Accounts.....................................................    1545-BE87
2447        Railroad Track Maintenance Credit.....................................................    1545-BE90
2448        Guidance Under Section 7874 for Determining Ownership by Former Shareholders or           1545-BE93
            Partners of Domestic Entities.........................................................
2449        Capital Costs Incurred To Comply With EPA Sulfur Regulations (Temporary)..............    1545-BE97
2450        Application of Section 338 to Insurance Companies.....................................    1545-BF02
2451        Designated Roth Accounts Under Section 402A...........................................    1545-BF04
2452        Election To Expense Certain Refineries (Temporary)....................................    1545-BF06
2453        Nuclear Decommissioning Costs (Temporary).............................................    1545-BF09
2454        Charitable Contributions of Certain Motor Vehicles....................................    1545-BF10
2455        Clean Renewable Energy Bonds (Temporary)..............................................    1545-BF12
2456        Rules Under Section 302 of the Katrina Emergency Tax Relief Act of 2005...............    1545-BF14
2457        Revision of Treasury Regulation Section 1.1561-3 To Comply With Commissioner's e-File     1545-BF16
            Program and With the Recommendations of TIGTA Report..................................
2458        Credit for Production From Advanced Nuclear Power Facilities (Temporary)..............    1545-BF20
2459        Subchapter S Banks....................................................................    1545-BF24
2460        Section 3121(a)(5)(D) Regulation (Salary Reduction Agreement) (Temporary).............    1545-BF35
2461        Failure To Maintain List of Advisees With Respect to Reportable Transactions..........    1545-BF38
2462        Accuracy-Related Penalties............................................................    1545-BF41
2463        Regulations Under Sections 501(c)(3) and 4958 on Revocation Standards.................    1545-BF44
2464        Application of Separate Limitations to Dividends From Noncontrolled Section 902           1545-BF46
            Corporation (Temporary)...............................................................
2465        Special Rules Under Section 7874......................................................    1545-BF47
2466        Section 1221(a)(4) Capital Asset Exclusion for Accounts and Notes Receivable..........    1545-BF52
2467        Section 6707 and the Failure To Furnish Information Regarding Reportable Transactions.    1545-BF60
2468        Section 6707A and the Failure To Include on any Return or Statement any Information       1545-BF62
            Required To Be Disclosed Under Section 6011 With Respect to a Reportable Transaction..
2469        Clarification of Section 6411 Regulations.............................................    1545-BF66
2470        Determination of Interest Expense Deduction of Foreign Corporations...................    1545-BF71
2471        Definition of Taxpayer for Purposes of Section 901 and Related Matters................    1545-BF73
2472        Tax Increase Prevention and Reconciliation Act of 2005 Amendments to Section 199......    1545-BF79
2473        Return Required by Subchapter T Cooperatives Under Section 6012.......................    1545-BF82
2474        Guidance Regarding Scope of Section 368(a)(1)(D)......................................    1545-BF83
2475        Source Rules Involving U.S. Possessions and Other Conforming Changes..................    1545-BF85
2476        Section 181--Deduction for Qualified Film and Television Production Costs.............    1545-BF94
2477        Employer Comparable Contributions to Health Savings Accounts (HSAs)--No HSA Opened....    1545-BF97
2478        Exclusion of Income From the International Operation of Ships or Aircraft (Temporary).    1545-BG00
2479        Electronic Payment System Mailbox Rule................................................    1545-BG06
2480        Section 7508A Regulations.............................................................    1545-BG17
2481        Calculating and Apportioning the Section 11(b)(1) Additional Tax Under Section 1561       1545-BG40
            for Controlled Groups.................................................................
2482        Qualified Zone Academy Bonds..........................................................    1545-BG44
2483        Deemed IRAs in Governmental Plans/Qualified Nonbank Trustee Rules.....................    1545-BG46
2484        Employment Tax Adjustments............................................................    1545-BG51
----------------------------------------------------------------------------------------------------------------


[[Page 22987]]


                                   Internal Revenue Service--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2485        FSC Transfer Pricing Rules, Distributions, Dividends Received, Deduction, and Other       1545-AI16
            Special Rules for FSC.................................................................
2486        Income of Foreign Governments and International Organizations.........................    1545-AL93
2487        Caribbean Basin Investments...........................................................    1545-AM91
2488        Consolidated Alternative Minimum Tax..................................................    1545-AN73
2489        Conforming Taxable Years of CFCs and FPHCs............................................    1545-AO22
2490        Information Reporting and Record Maintenance..........................................    1545-AP10
2491        Use of GAAP Earnings as E&P of Foreign Corporations...................................    1545-AQ55
2492        Interest-Free Adjustments.............................................................    1545-AQ61
2493        Definition of Cash Value..............................................................    1545-AQ70
2494        Allocation of Accrued Benefits Between Employer and Employee Contributions............    1545-AT82
2495        Foreign Corporations Regulations......................................................    1545-AT96
2496        Application of Grantor Trust Rules to Nonexempt Employees' Trusts.....................    1545-AU29
2497        Electronic Transmission of Withholding Certificates...................................    1545-AV27
2498        Authorized Placement Agency...........................................................    1545-AY18
2499        Special Rules for S Corporations......................................................    1545-AY44
2500        Payments For Interest in Partnership..................................................    1545-AY90
2501        Amendment to the Definition of Refunding..............................................    1545-BA46
2502        Timely Mailing Treatment..............................................................    1545-BA99
2503        Toll Telephone Service--Definition....................................................    1545-BB18
2504        Mixed Use Output Facilities...........................................................    1545-BB23
2505        General Allocation and Accounting Regulations.........................................    1545-BC07
2506        Notarization Requirement for Statements of Purchase...................................    1545-BC11
2507        Contingent at Closing Escrows.........................................................    1545-BC16
2508        Substitute for Return (SFR) and Automated Substitute for Return (ASFR)................    1545-BC45
2509        Transactions Involving the Transfer of No Net Equity Value............................    1545-BC88
2510        Revision of Section 301.6103(j)-1 for Disclosure to the Bureau of Economic Analysis,      1545-BC93
            Department of Commerce................................................................
2511        Return for Subchapter T Cooperatives..................................................    1545-BD92
2512        Employer's Annual Federal Employment Tax Return--Form 944.............................    1545-BD93
2513        Return for Subchapter T Cooperatives (Temporary)......................................    1545-BD98
2514        Application of Section 6404(g) Suspension Provisions..................................    1545-BE07
2515        Information Returns by Donees Relating to Qualified Intellectual Property                 1545-BE11
            Contributions.........................................................................
2516        Definition of Dependent and Other Related Provisions..................................    1545-BE40
2517        Simplification of Extension Process Under Section 6081................................    1545-BE62
2518        Foreign Currency Contract Defined.....................................................    1545-BE82
2519        Foreign Currency Contract Defined (Temporary).........................................    1545-BE83
2520        Procedures for Administrative Review of a Determination That an Authorized Recipient      1545-BF21
            Has Failed To Safeguard Federal Tax Returns or Return Information.....................
2521        Revision of Regulations To Comply With Commissioner's e-File Program..................    1545-BF25
2522        Debt Satisfied by a Partnership Interest..............................................    1545-BF27
2523        Treatment of Payments in Lieu of Taxes................................................    1545-BF87
2524        Section 382 Ownership Change..........................................................    1545-BF99
2525        Taxes on Prohibited Tax Shelter Transactions and Related Disclosure Requirements          1545-BG18
            (Section 610 Review)..................................................................
2526        Disclosure Requirements With Respect to Prohibited Tax Shelter Transactions (Section      1545-BG19
            610 Review)...........................................................................
2527        Regulations To Prescribe Forms for Payment of Section 4965 Taxes......................    1545-BG20
2528        Change to Office to Which Notices of Nonjudicial Sale and Request for Return of           1545-BG24
            Wrongfully Levied Property Must Be Sent...............................................
2529        Type III Supporting Organization Payout Requirements..................................    1545-BG31
2530        Partial Payments on Offers in Compromise..............................................    1545-BG32
2531        Time and Manner for Electing Capital Gain Treatment for Certain Self-Created Musical      1545-BG34
            Works.................................................................................
2532        Time and Manner for Electing Capital Gain Treatment for Certain Self-Created Musical      1545-BG35
            Works.................................................................................
2533        Notification Requirement for Entities Not Currently Required To File..................    1545-BG37
2534        Notification Requirement for Entities Not Currently Required To File..................    1545-BG38
2535        Guidance on Arbitrage.................................................................    1545-BG41
----------------------------------------------------------------------------------------------------------------


[[Page 22988]]


                                   Internal Revenue Service--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2536        Transportation of Persons and Property by Air.........................................    1545-AW19
2537        Source of Income From Certain Space and Ocean Activities and for Communications Income    1545-AW50
2538        Definition of Accounting Method.......................................................    1545-AX21
2539        Highly Compensated Employee...........................................................    1545-AX48
2540        HIPAA General Nondiscrimination.......................................................    1545-AY32
2541        HIPAA Nondiscrimination Exception for Church Plans....................................    1545-AY33
2542        HIPAA Nondiscrimination Exception for Bona Fide Wellness Programs.....................    1545-AY34
2543        Communications Excise Tax; Taxable Communication Services.............................    1545-BB04
2544        Allocation of Foreign Tax Credits Among Partners......................................    1545-BB11
2545        Miscellaneous Changes to Collection Due Process Procedures Relating to Notice and         1545-BB96
            Opportunity for Hearing Upon Filing of Notice of Lien.................................
2546        Miscellaneous Changes to Collection Due Process Procedures Relating to Hearings Before    1545-BB97
            Levy..................................................................................
2547        Guidance Necessary To Facilitate Business Electronic Filing...........................    1545-BC15
2548        Changes in Computing Depreciation.....................................................    1545-BC18
2549        Prohibited Allocation of Securities in an S Corporation...............................    1545-BC34
2550        Dual Consolidated Loss Regulations....................................................    1545-BD10
2551        Underpayment for Qualified Amended Returns............................................    1545-BD40
2552        Transfers of Restricted Stock (Temporary).............................................    1545-BD45
2553        Update of 415 Regulations.............................................................    1545-BD52
2554        Use of Electronic Technologies for Providing Notices and Transmitting Elections and       1545-BD68
            Consents..............................................................................
2555        Revision of Section 301.6103(j)-1 for Disclosure to the Bureau of Economic Analysis,      1545-BE02
            Department of Commerce (Temporary)....................................................
2556        Regulations Under Section 263A Regarding Use of Simplified Service Cost Method and        1545-BE57
            Simplified Production Method..........................................................
2557        Deferred Compensation (Proposed)......................................................    1545-BE79
2558        REMIC Residuals--Foreign Holders (Temporary)..........................................    1545-BE81
2559        Revision of Regulation To Comply With the Commissioner's e-File Program (Temporary)...    1545-BF26
2560        Charitable Contributions of Qualified Vehicles (Temporary)............................    1545-BF29
2561        Depreciation of MACRS Property That Is Acquired in a Like-Kind Exchange or as a Result    1545-BF37
            of an Involuntary Conversion..........................................................
2562        Computer Software Under Section 199(c)(5)(B)..........................................    1545-BF56
2563        Revisions to Regulations Relating to Repeal of Tax on Interest of Nonresident, Alien      1545-BF64
            Individuals and Foreign Corporations Received From Certain Portfolio Debt Instruments.
2564        United States Dollar Approximate Separate Transactions Method.........................    1545-BF67
2565        User Fees for Processing Installment Agreements.......................................    1545-BF69
2566        Reporting Rules for Widely Held Fixed Investment Trusts...............................    1545-BF75
2567        Reporting Rules for Widely Held Fixed Investment Trusts...............................    1545-BF86
2568        Tax Increase Prevention and Reconciliation Act of 2005 Amendments to Section 199......    1545-BF88
2569        Rules Under Section 302 of the Katrina Emergency Tax Relief Act of 2005...............    1545-BF89
2570        Section 181--Deduction for Qualified Film and Television Production Costs.............    1545-BF95
2571        American Jobs Creation Act (AJCA) Modifications to 6011, 6111, and 6112...............    1545-BF98
2572        Residence Involving U.S. Possessions..................................................    1545-BG02
2573        Section 1.367(a)-8 Revisions (Temporary)..............................................    1545-BG10
2574        Corporate Reorganizations: Guidance on the Measurement of Continuity of Interest......    1545-BG14
2575        Anti-Avoidance and Anti-Reimportation Rules Applicable Following a Loss on Disposition    1545-BG26
            of Stock of Consolidated Subsidiaries.................................................
2576        Corporate Reorganizations; Additional Guidance on Distributions Under Sections            1545-BG29
            368(a)(1)(D) and 354(b)(1)(B).........................................................
2577        Guidance Necessary To Facilitate Business Electronic Filing and Burden Reduction......    1545-BG49
----------------------------------------------------------------------------------------------------------------


                                Office of Thrift Supervision--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2578        Securities-Related Activities of Savings Associations.................................    1550-AB92
2579        Procedures To Enhance the Accuracy and Integrity of Information Furnished to Consumer     1550-AC01
            Reporting Agencies Under Section 312 of the Fair and Accurate Credit Transactions Act.
2580        Permissible Activities of Savings and Loan Holding Companies..........................    1550-AC10

[[Page 22989]]

 
2581        Model Privacy Form Under the Gramm-Leach-Bliley Act...................................    1550-AC12
2582        Recordkeeping Requirements for Savings Association Exceptions From Securities Broker      1550-AC13
            or Dealer Registration................................................................
----------------------------------------------------------------------------------------------------------------


                                 Office of Thrift Supervision--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2583        Implementation of a Revised Basel Capital Accord (Basel II)...........................    1550-AB56
2584        Fair Credit Reporting Affiliate Marketing Regulations.................................    1550-AB90
2585        Identity Theft Detection, Prevention, and Mitigation Program for Financial                1550-AB94
            Institutions and Creditors............................................................
2586        Risk-Based Capital Guidelines; Capital Adequacy Guidelines; Maintenance: Domestic         1550-AB98
            Capital Modifications.................................................................
2587        Federal Savings Association Bylaws; Integrity of Directors............................    1550-AC00
2588        Risk Based Capital--Market Risk Rule..................................................    1550-AC02
2589        Supplemental Standards of Ethical Conduct for Employees of the Department of Treasury.    1550-AC03
2590        Stock Benefit Plans in Mutual-to-Stock Conversions and Mutual Holding Company             1550-AC07
            Structures............................................................................
2591        Management Official Interlocks........................................................    1550-AC09
2592        Expanded Examination Cycle for Certain Small Insured Depository Institutions and U.S.     1550-AC11
            Branches and Agencies of Foreign Banks................................................
----------------------------------------------------------------------------------------------------------------


                                 Office of Thrift Supervision--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2593        Subordinated Debt Securities and Mandatorily Redeemable Preferred Stock...............    1550-AC06
2594        Community Reinvestment Act--Interagency Uniformity....................................    1550-AC08
----------------------------------------------------------------------------------------------------------------

_______________________________________________________________________


Department of the Treasury (TREAS)                  Proposed Rule Stage


Departmental Offices (DO)



_______________________________________________________________________




2081. 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 other than at the port of arrival of the merchandise or 
the location of examination of the merchandise.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/23/07                    72 FR 13714
NPRM Comment Period End         05/22/07
Final Action                    10/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515-AC23

Agency Contact: Marla Bianchetta, Operations Officer, Trade Policy & 
Programs, Department of the Treasury, Office of International Trade, 
Customs and Border Protection, 1300 Pennsylvania Avenue, NW., 
Washington, DC 20229
Phone: 202 344-2693

RIN: 1505-AB20
_______________________________________________________________________




2082. EXPANDED METHODS OF PAYMENT OF DUTIES, TAXES, INTEREST, AND FEES

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 301; 19 USC 197 to 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

[[Page 22990]]

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
Second NPRM                     06/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515-AC40

Agency Contact: Doreen Garrett, Financial Officer, Financial Policy 
Division, Department of the Treasury, Customs and Border Protection, 
Office of Finance, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 344-2689

James Mich, Supervisory Financial Officer, Financial Policy Division, 
Department of the Treasury, Customs and Border Protection, Office of 
Finance, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 344-2372

RIN: 1505-AB22
_______________________________________________________________________




2083. UNIFORM RULES OF ORIGIN

Priority: Substantive, Nonsignificant

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

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                            09/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1505-AB49
_______________________________________________________________________




2084. 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                            09/00/07

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
_______________________________________________________________________




2085. 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                            06/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Bruce Ingalls, Chief, Debt Management Branch, 
Department of the Treasury, Office of Finance, 6650 Telecom Drive, 
Suite 100, Indianapolis, IN 46278
Phone: 317 298-1307

RIN: 1505-AB54
_______________________________________________________________________




2086. ADMINISTRATIVE RULINGS AND PROTESTS

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 301; 19 USC 66; 19 USC 1202 (General Note 3(i), 
Harmonized Tariff Schedule of the United States); 19 USC 1502; 19 USC 
1624; 19 USC 1625; 19 USC 1514; 19 USC 1515; 19 USC 1448; 19 USC 1484; 
19 USC 1501; 19 USC 1520;

CFR Citation: 19 CFR 177; 19 CFR 174; 19 CFR 173; 19 CFR 142

Legal Deadline: None

Abstract: Amendments to implement the administrative rulings process as

[[Page 22991]]

well as the filing and administrative review of protests against 
specific decisions of Customs and Border Protection (CBP). Amendments 
reflect changes to the underlying statutory authority to parts 177 and 
174 of title 19 of the CFR made by the Customs Modernization Provisions 
of the North American Free Trade Agreement (NAFTA) Implementation Act. 
Proposed changes to part 174 also reflect statutory amendments made by 
the Miscellaneous Trade and Technical Corrections Act of 1999 regarding 
protests against decisions on post-importation NAFTA claims and the 
time required for allowing or denying an application for further review 
of a protest. Additional changes to part 174 are proposed to reflect 
statutory amendments made by the Miscellaneous Trade and Technical 
Corrections Act of 2004 which impact the types of matters that are 
subject to protest, and extend various protest time limits such as the 
time to file and amend a protest, the time for a surety to file a 
protest, and the time to file a request for accelerated disposition of 
a protest. Other changes proposed serve to modernize, clarify, and 
enhance current CBP administrative rulings and protest procedures and 
reflect the nomenclature changes effected by the transfer of CBP to the 
Department of Homeland Security and the subsequent renaming of the U.S. 
Customs Service as the Bureau of Customs and Border Protection.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

Gail Hamill, Chief, Tariff Classification and Marking Branch, 
Department of the Treasury, Office of Regulations and Rulings, 1300 
Pennsylvania Ave, NW., Washington, DC 20229
Phone: 202 572-8810

RIN: 1505-AB65
_______________________________________________________________________




2087. FOREIGN REPAIRS TO AMERICAN VESSELS; CONSOLIDATION OF VESSEL 
REPAIR UNITS

Priority: Substantive, Nonsignificant

Legal Authority: 19 USC 1431; 19 USC 1433; 19 USC 1434; 19 USC 1624; 19 
USC 2071 note; 19 USC 66; 46 USC App. 3; 46 USC App. 91; 5 USC 301; 19 
USC 1466; 19 USC 1498

CFR Citation: 19 CFR 4.14

Legal Deadline: None

Abstract: This document proposes to amend the Customs and Border 
Protection (``CBP'') regulations governing the location of CBP Vessel 
Repair Units (``VRUs''). VRUs are responsible for processing vessel 
repair entries filed by persons required to declare purchases for or 
repairs to certain vessels while they are outside the United States. As 
a result of a sustained decrease in the number of vessel repair entries 
filed, CBP is proposing to consolidate the VRUs by closing the VRUs 
located in San Francisco and New York and by requiring all vessel 
repair entries to be filed at the VRU in New Orleans. CBP also is 
proposing to amend the CBP regulations relating to the declaration, 
entry, and assessment of duty with regard to vessel repairs and 
purchases to advise that the enactment and implementation of free trade 
agreements between the United States and other countries may impact 
upon the dutiable status of vessel repair expenditures made in foreign 
countries that are parties to those agreements, and to require that, if 
a single entry bond is used for a vessel repair entry, the bond must be 
attached to the entry at the time of submission. In addition, this 
document proposes to amend the CBP regulations relating to claims for 
relief from the assessment of vessel repair duties to reflect a 2004 
amendment to the vessel repair statute that created an exemption from 
vessel repair duties for the cost of certain equipment, repair parts, 
and materials.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Jennifer Dolan, Entry Specialist, Department of the 
Treasury, Office of Field Operations, 1300 Pennsylvania Avenue NW., 
Washington, DC 20229
Phone: 202 344-2568

RIN: 1505-AB71
_______________________________________________________________________




2088. [bull] PROHIBITION ON FUNDING OF UNLAWFUL INTERNET GAMBLING

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 321; 31 USC 5361 to 5367

CFR Citation: 31 CFR 132

Legal Deadline: Final, Statutory, July 10, 2007.

Abstract: The document implements 31 U.S.C. 5364, which requires 
Treasury and the Federal Reserve System, in consultation with the 
Attorney General, to jointly prescribe regulations requiring designated 
payment systems and all participants therein to identify and block 
unlawful Internet gambling transactions (hereafter ``restricted 
transactions'') through the establishment and implementation of 
reasonably designed policies and procedures. The NPRM would: (1) 
Designate payment systems; (2) require designated payment systems and 
participants to establish and implement policies and procedures 
reasonably designed to identify and block restricted transactions; (3) 
exempt certain restricted transactions or designated payment systems; 
and (4) identify types of policies and procedures, including 
nonexclusive examples, which would be deemed to be reasonably designed 
to identify and block restricted transactions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/07
NPRM Comment Period End         07/00/07
Final Action                    07/00/07

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Steven D. Laughton, Senior Counsel, Department of the 
Treasury, Office of the Assistant General Counsel (Banking and 
Finance), Room 2027B, 1500 Pennsylvania Avenue, NW., Washington, DC 
20220
Phone: 202 622-8413
Email: [email protected]

RIN: 1505-AB78

[[Page 22992]]

_______________________________________________________________________


Department of the Treasury (TREAS)                     Final Rule Stage


Departmental Offices (DO)



_______________________________________________________________________




2089. 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. To the extent this proposed rule applied 
to ``banking institutions,'' it is superseded by the interim final 
rule, `Economic Sanctions Enforcement Procedures for Banking 
Institutions,' issued by OFAC on January 11, 2006 (71 FR 1971).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/29/03                     68 FR 4422
NPRM Comment Period End         03/31/03
Final Action                    04/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

Related RIN: Related to 1505-AB69
RIN: 1505-AA95
_______________________________________________________________________




2090. 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                    09/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515-AC32

Agency Contact: Gail Hamill, Chief, Tariff Classification and Marking 
Branch, Department of the Treasury, Office of Regulations and Rulings, 
1300 Pennsylvania Ave, NW., Washington, DC 20229
Phone: 202 572-8810

RIN: 1505-AB21
_______________________________________________________________________




2091. USER AND NAVIGATION FEES; OTHER REIMBURSABLE CHARGES

Priority: Substantive, Nonsignificant

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

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

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515-AC63

Agency Contact: Elissa G Kay, CBP Officer, Cargo Control Branch, 
Department of the Treasury, Office of Field Operations, Customs and 
Border Protection, 1300 Pennsylvania Ave., NW, Washington, CT 20229
Phone: 202 344-3656

RIN: 1505-AB24
_______________________________________________________________________




2092. 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              10/01/00                    65 FR 59668
Interim Final Rule Effective    10/05/00
Interim Final Rule Comment 
Period End                      12/04/00
Final Action                    06/00/07

Regulatory Flexibility Analysis Required: No

[[Page 22993]]

Government Levels Affected: None

Additional Information: Transferred from RIN 1515-AC72

Agency Contact: Cynthia Reese, Senior Attorney, Office of Regulations 
and Rulings, Department of the Treasury, Office of International Trade, 
Customs and Border Protection, 1300 Pennsylvania Ave., NW, Washington, 
DC 20229
Phone: 202 572-8812

RIN: 1505-AB26
_______________________________________________________________________




2093. 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                    06/00/07

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, Office of Regulations and Rulings, 1300 Pennsylvania Avenue 
NW., Washington, DC 20229
Phone: 202 572-8790

RIN: 1505-AB28
_______________________________________________________________________




2094. 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                    06/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515-AC77

Agency Contact: Bruce Ingalls, Chief, Debt Management Branch, 
Department of the Treasury, Office of Finance, 6650 Telecom Drive, 
Suite 100, Indianapolis, IN 46278
Phone: 317 298-1307

RIN: 1505-AB29
_______________________________________________________________________




2095. 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 
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                    06/00/07

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

John Pierce, Operations Officer, Commercial Enforcement Branch, 
Department of the Treasury, Customs and Border Protection, Office of 
Field Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 344-1539

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 Commissioner, 
Department of the Treasury, Office of Regulations and Rulings, 1300 
Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 572-8753

RIN: 1505-AB31

[[Page 22994]]

_______________________________________________________________________




2096. 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 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                    06/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515-AD20

Agency Contact: Robert Abels, Operations Officer, Textiles, Department 
of the Treasury, Office of International Trade, Customs and Border 
Protection, 1300 Pennyslvania Avenue NW., Washington, DC 20229
Phone: 202 344-1959

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-AB38
_______________________________________________________________________




2097. FEES FOR CUSTOMS PROCESSING AT EXPRESS CONSIGNMENT CARRIER 
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 made by section 337 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, and primarily serve to replace the annual 
lump sum payment procedure with a quarterly payment procedure based on 
a specific fee for each individual air waybill or bill of lading. 
Section 2004(f) amended the user fee statute to authorize, for 
merchandise that is formally entered at these sites, the assessment of 
merchandise processing fees provided for in 19 U.S.C. 58c(a)(9), in 
addition to the fees that are currently assessed on individual air 
waybills or bills of lading. Lastly, pursuant to the authority 
established in 19 U.S.C. 58c(b)(9)(B)(i), this document proposes to 
raise the existing $0.66 fee assessed on individual air waybills or 
bills of lading to $1.00 to more equitably align it with the actual 
costs incurred by CBP in processing these items.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/28/06                    71 FR 42778
NPRM Comment Period End         08/28/06
Final Action                    04/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515-AD21

Agency Contact: Michael L. Jackson, Operations Officer, Trade 
Enforcement and Facilitation, 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
_______________________________________________________________________




2098. 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

[[Page 22995]]

Interim Final Rule Comment 
Period End                      05/20/03
Final Action                    06/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515-AD22

Agency Contact: Robert Abels, Operations Officer, Textiles, Department 
of the Treasury, Office of International Trade, Customs and Border 
Protection, 1300 Pennyslvania Avenue NW., Washington, DC 20229
Phone: 202 344-1959

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-AB40
_______________________________________________________________________




2099. 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              04/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Robert Abels, Operations Officer, Textiles, Department 
of the Treasury, Office of International Trade, Customs and Border 
Protection, 1300 Pennyslvania Avenue NW., Washington, DC 20229
Phone: 202 344-1959

RIN: 1505-AB48
_______________________________________________________________________




2100. 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                    06/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

Paul Pizzeck, Attorney, IPR & Restricted Merchandise Branch, Department 
of the Treasury, Office of Regulations and Rulings, 1300 Pennsylvania 
Avenue NW., Washington, DC 20229
Phone: 202 572-8710

RIN: 1505-AB51
_______________________________________________________________________




2101. NAFTA: MERCHANDISE PROCESSING FEE EXEMPTION AND TECHNICAL 
CORRECTIONS

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: The document proposes to amend the regulations in title 19, 
Code of Federal Regulations (CFR), regarding claims for the exemption 
of the Merchandise Processing Fee (MPF). The NPRM would clarify that an 
importer is subject to the same declaration requirement that is 
established for claiming NAFTA duty preference in order to claim the 
exemption of the MPF for goods that meet a NAFTA rule of origin even 
when the goods are unconditionally free. In addition, the NPRM would 
make several technical corrections to the regulations, for example, 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                            08/23/06                    71 FR 49391
NPRM Comment Period End         10/23/06
Final Action                    06/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1505-AB58
_______________________________________________________________________




2102. 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

Legal Deadline: None

Abstract: Amendment of the CBP regulations to update, restructure and

[[Page 22996]]

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                    06/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Cynthia Reese, Senior Attorney, Office of Regulations 
and Rulings, Department of the Treasury, Office of International Trade, 
Customs and Border Protection, 1300 Pennsylvania Ave., NW, Washington, 
DC 20229
Phone: 202 572-8812

Robert Abels, Operations Officer, Textiles, Department of the Treasury, 
Office of International Trade, Customs and Border Protection, 1300 
Pennyslvania Avenue NW., Washington, DC 20229
Phone: 202 344-1959

RIN: 1505-AB60
_______________________________________________________________________




2103. DOMINICAN REPUBLIC-CENTRAL AMERICA-UNITED STATES FREE TRADE 
AGREEMENT

Priority: Substantive, Nonsignificant

Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1624; 19 USC 4001

CFR Citation: 19 CFR 10

Legal Deadline: Final, Statutory, January 1, 2006, PL 109-53.

Abstract: Amendment of CBP regulations to set forth the conditions and 
requirements that apply for purposes of submitting requests to CBP for 
refunds of any excess customs duties paid with respect to entries of 
textile or apparel goods entitled to retroactive application of 
preferential tariff treatment under the Dominican Republic-Central 
American-United States Free Trade Agreement.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              03/07/06                    71 FR 11304
Interim Final Rule Effective    03/07/06
Interim Final Rule Comment 
Period End                      05/08/06
Final Action                    06/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Robert Abels, Operations Officer, Textiles, Department 
of the Treasury, Office of International Trade, Customs and Border 
Protection, 1300 Pennyslvania Avenue NW., Washington, DC 20229
Phone: 202 344-1959

Cynthia Reese, Senior Attorney, Office of Regulations and Rulings, 
Department of the Treasury, Office of International Trade, Customs and 
Border Protection, 1300 Pennsylvania Ave., NW, Washington, DC 20229
Phone: 202 572-8812

RIN: 1505-AB64
_______________________________________________________________________




2104. ENTRY OF CERTAIN CEMENT PRODUCTS FROM MEXICO REQUIRING A COMMERCE 
DEPARTMENT IMPORT LICENSE

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 301; 19 USC 66; 19 USC 1202; 19 USC 1624; 19 USC 
1673

CFR Citation: 19 CFR 12.155; 19 CFR 306.201 to 205

Legal Deadline: None

Abstract: This document proposes to amend title 19 of the Code of 
Federal Regulations to set forth special requirements for the entry of 
certain cement products from Mexico requiring a United States 
Department of Commerce import license. The cement products in question 
are those listed in the Agreement Between the Office of the United 
States Trade Representative, the United States Department of Commerce, 
and Mexico's Secretaria de Economia on Trade in Cement, dated March 6, 
2006. The changes proposed in this document require the inclusion of an 
import license number on the entry summary documentation filed with 
Customs and Border Protection for any cement product for which the 
United States Department of Commerce requires under its cement 
licensing and import monitoring program as well as a valid Mexican 
export license with the entry documentation for cement covered by the 
Agreement on Trade in Cement.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/01/06                    71 FR 31125
NPRM Comment Period End         06/21/06
Final Action                    04/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

URL For More Information:
www.ia.ita.doc.gov/download/mexico-cement/cement-final-agreement.pdf

Agency Contact: Alice Buchanan, Office of Field Operations, Department 
of the Treasury, 1301 Constitution Avenue NW., Washington, DC 20229
Phone: 202 344-2697

Related RIN: Related to 0625-AA70
RIN: 1505-AB68
_______________________________________________________________________




2105. ECONOMIC SANCTIONS ENFORCEMENT PROCEDURES FOR BANKING INSTITUTIONS

Priority: Substantive, Nonsignificant

Legal Authority: 18 USC 2332d; 21 USC 1901 to 1908; 22 USC 287c; 22 USC 
2370(a); 31 USC 321(b); 50 USC 1701 to 1706; 50 USC app 1 to 44; PL 
101-410 (28 USC 2461 note); EO 9193; EO 9989; EO 12854

CFR Citation: 31 CFR 501

Legal Deadline: None

Abstract: This interim final rule supercedes the proposed rule issued 
by the Office of Foreign Assets Control (OFAC) on January 29, 2003 (68 
FR 4422) to the extent that the proposed rule applied to ``banking 
institutions,'' as defined in the interim final rule. These 
administrative procedures are published as an appendix to OFAC's

[[Page 22997]]

Reporting, Procedures and Penalties Regulations (31 CFR 501).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              01/11/06                     71 FR 1971
Interim Final Rule Comment 
Period End                      03/13/06
Final Rule                      04/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Assistant Director Of Records, Department of the 
Treasury, Office of Foreign Assets Control, 1500 Pennsylvania Avenue 
NW.--Annex, Washington, DC 20220
Phone: 202 622-2530
Fax: 202 522-1657

Related RIN: Related to 1505-AA95
RIN: 1505-AB69
_______________________________________________________________________




2106. [bull] ENTRY OF CERTAIN SOFTWOOD LUMBER PRODUCTS FROM CANADA 
REQUIRING AN EXPORT PERMIT

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 301; 19 USC 66; 19 USC 1202 (General Note 3(i), 
Harmonized Tariff Schedule of the United States (HTSUS)); 19 USC 1624;

CFR Citation: 19 CFR 12.140

Legal Deadline: None

Abstract: This document adopts interim amendments to title 19 of the 
Code of Federal Regulations establishing additional entry requirements 
applicable to shipments of softwood lumber from Canada. The interim 
amendments involve the collection of certain additional information for 
purposes of monitoring and enforcing an agreement dated September 12, 
2006, between the Governments of the United States and Canada regarding 
trade in softwood lumber. The scope of the bilateral Softwood Lumber 
Agreement is limited to the softwood lumber products listed as covered 
by the Agreement in Annex 1A of that document, which is available for 
public viewing on the website of the Office of the United States Trade 
Representative located at www.ustr.gov.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              10/18/06                    71 FR 61399
Interim Final Rule Effective    10/18/06
Interim Final Rule Comment 
Period End                      12/18/06
Final Action                    06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Millie Gleason, Special Enforcement Specialist, 
Department of the Treasury, Customs and Border Protection, Office of 
Field Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 344-1131

RIN: 1505-AB73
_______________________________________________________________________




2107. [bull] UNITED STATES--JORDAN FREE TRADE AGREEMENT

Priority: Substantive, Nonsignificant

Legal Authority: 19 USC 2112 note; 19 USC 1202; 19 USC 66; 19 USC 1624;

CFR Citation: 19 CFR 10; 19 CFR 163;

Legal Deadline: None

Abstract: Amends title 19 of the Code of Federal Regulations (CFR) on 
an interim basis to implement the preferential tariff treatment and 
other customs-related provisions of the U.S.- Jordan Free Trade 
Agreement entered into by the United States and the Hashemite Kingdom 
of Jordan.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              04/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

RIN: 1505-AB75
_______________________________________________________________________




2108. [bull] UNITED STATES--MOROCCO FREE TRADE AGREEMENT

Priority: Substantive, Nonsignificant

Legal Authority: 19 USC 3805 note; 19 USC 1202 (General Note 27); 19 
USC 66; 19 USC 1624; . . .

CFR Citation: 19 CFR 10, subpart M; 19 CFR 162; 19 CFR 163; 19 CFR 178;

Legal Deadline: Final, Statutory, January 1, 2007, United States--
Morocco Free Trade Agreement Implementation Act, PL 108-302 (08/17/
2004).
Section 205 of the United States--Morocco Free Trade Agreement 
Implementation Act, Pub. L. 108-302, 118 Stat. 1103 (19 USC 3805 note), 
August 17, 2004, requires that intial regulations shall, to the maximum 
extent feasible, be issued within 1 year after the date of entry into 
force of the Agreement. The US-MFTA entered into force on 01/01/2006.

Abstract: Amendment to the Customs and Border Protection regulations on 
an interim basis to implement the preferential tariff treatment and 
other customs-related provisions of the United States - Morocco Free 
Trade Agreement entered into by the United States and the Kingdom of 
Morocco.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              04/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Robert Abels, Operations Officer, Textiles, Department 
of the Treasury, Office of International Trade, Customs and Border 
Protection, 1300 Pennyslvania Avenue NW., Washington, DC 20229
Phone: 202 344-1959

Seth Mazze, CBP Officer, Trade Agreements Branch, Department of the 
Treasury, Office of International Trade, Customs and Border Protection, 
1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 344-2634

Mark Hanson, Auditor, Regulatory Audit Division, Department of the 
Treasury, Office of International Trade, Customs and Border Protection, 
1300 Pennslyvania Avenue NW., Washington, DC 20229
Phone: 202 863-6035

Daniel Cornette, Attorney, Valuation and Special Programs Branch, 
Department of the Treasury, Regulations and Rulings, Office of 
International Trade, 1300 Pennsylvania Avenue NW., Washington, DC 20229

[[Page 22998]]

Phone: 202 572-8731

RIN: 1505-AB76
_______________________________________________________________________




2109. [bull] UNITED STATES--AUSTRALIA FREE TRADE AGREEMENT

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

Legal Authority: 19 USC 1202 (General Note 28 and 3(i), Harmonized 
Tariff Schedule of the United States); 19 USC 66; 19 USC 1624; 19 USC 
3805 note;

CFR Citation: 19 CFR 10, Subpart L; 19 CFR 24; 19 CFR 162; 19 CFR 163; 
19 CFR 178

Legal Deadline: Final, Statutory, January 1, 2006, United States-
Australia Free Trade Agreement Implementation Act, PL 108-286 (08/03/
2004).
Section 207 of the United States-Australia Free Trade Agreement 
Implementation Act, Pub. L. 108-286, 118 Stat. 919 (19 USC 3805 note), 
August 3, 2004, requires that intial regulations shall, to the maximum 
extent feasible, be issued within 1 year after the date of entry into 
force of the Agreement. The US-Australia Free Trade Agreement, which 
was signed on 05/18/2004, entered into force on 01/01/2005.

Abstract: This rule amends title 19 of the Code of Federal Regulations 
on an interim basis to implement the preferential tariff treatment and 
other customs-related provisions of the U.S.-Australia Free Trade 
Agreement entered into the United States and the Commonwealth of 
Australia.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              06/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Robert Abels, Operations Officer, Textiles, Department 
of the Treasury, Office of International Trade, Customs and Border 
Protection, 1300 Pennyslvania Avenue NW., Washington, DC 20229
Phone: 202 344-1959

Lori J Whitehurst, CBP Officer, Department of the Treasury, Office of 
International Trade, Customs and Border Protection, 1300 Pennsylvania 
Avenue NW., Washington, DC 20229
Phone: 202 344-2722

Mark Hanson, Auditor, Regulatory Audit Division, Department of the 
Treasury, Office of International Trade, Customs and Border Protection, 
1300 Pennslyvania Avenue NW., Washington, DC 20229
Phone: 202 863-6035

Karen Greene, Senior Attorney, Office of Regulations and Rulings, 
Department of the Treasury, Office of International Trade, Bureau of 
Customs and Border Protection, 1300 Pennsylvania Avenue NW., 
Washington, DC 20229
Phone: 202 572-8838

RIN: 1505-AB77
_______________________________________________________________________




2110. [bull] EXTENSION OF IMPORT RESTRICTIONS IMPOSED ON ARCHAEOLOGICAL 
AND ETHNOLOGICAL MATERIAL FROM PERU

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

Legal Authority: 5 USC 301; 19 USC 66; 19 USC 1202 (General Note 3(i), 
Harmonized Tariff Schedule of the United States); 19 USC 1624; 19 USC 
2612;

CFR Citation: 19 CFR 12.104g(a)

Legal Deadline: Final, Statutory, June 9, 2007, 19 USC 2606(e).

Abstract: This document amends Title 19 of the Code of Federal 
Regulations (19 CFR) to reflect the extension of the import 
restrictions on archaeological and ethnological materials from Peru 
that were imposed by Treasury Decision (T.D.) 97-50 and extended by 
T.D. 02-30. The Assistant Secretary for Educational and Cultural 
Affairs, United States Department of State, has determined that 
conditions continue to warrant the imposition of import restrictions. 
Accordingly, the restrictions will remain in effect for an additional 5 
years, and Title 19 of the CFR is being amended to reflect this 
extension until June 9, 2012. These restrictions are being extended 
pursuant to determinations of the United States Department of State 
made under the terms of the Convention on Cultural Property 
Implementation Act in accordance with the United Nations Educational, 
Scientific and Cultural Organization (UNESCO) Convention on the Means 
of Prohibiting and Preventing the Illicit Import, Export and Transfer 
of Ownership of Cultural Property. T.D. 97-50 contains the Designated 
List of archaeological and ethnological materials from Peru.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    06/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: George F. McCray, Chief, IPR & Restricted Merchandise 
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, Commercial Targeting and Enforcement, Office of International 
Trade, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 344-1684

RIN: 1505-AB79
_______________________________________________________________________




2111. [bull] EXTENSION OF IMPORT RESTRICTIONS IMPOSED ON PRE-CLASSICAL 
AND CLASSICAL ARCHAEOLOGICAL MATERIAL AND BYZANTINE ECCLESIASTICAL AND 
RITUAL ETHNOLOGICAL MATERIAL FROM CYPRUS

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

Legal Authority: 5 USC 301; 19 USC 66; 19 USC 1202 (General Note 3(i), 
Harmonized Tariff Schedule of the United States); 19 USC 1624; 19 USC 
2612;

CFR Citation: 19 CFR 12.104g(a)

Legal Deadline: Final, Statutory, July 16, 2007, 19 USC 2602(e).

Abstract: This document amends Title 19 of the Code of Federal 
Regulations (19 CFR) to reflect the extension of the import 
restrictions on archaeological and ethnological materials from Cyprus 
that were imposed by Treasury Decision (T.D.) 02-37 and CBP Dec. 06-22. 
The Assistant Secretary for Educational and Cultural Affairs, United 
States Department of State, has determined that conditions continue to 
warrant the imposition of import restrictions. Accordingly, the

[[Page 22999]]

restrictions will remain in effect for an additional 5 years, and Title 
19 of the CFR is being amended to reflect this extension until July 16, 
2012. These restrictions are being extended pursuant to determinations 
of the United States Department of State made under the terms of the 
Convention on Cultural Property Implementation Act in accordance with 
the United Nations Educational, Scientific and Cultural Organization 
(UNESCO) Convention on the Means of Prohibiting and Preventing the 
Illicit Import, Export and Transfer of Ownership of Cultural Property. 
A Designated List of archaeological and ethnological materials from 
Cyprus is contained within the document.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    07/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: George F. McCray, Chief, IPR & Restricted Merchandise 
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, Commercial Targeting and Enforcement, Office of International 
Trade, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 344-1684

RIN: 1505-AB80
_______________________________________________________________________


Department of the Treasury (TREAS)                    Long-Term Actions


Departmental Offices (DO)



_______________________________________________________________________




2112. 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
_______________________________________________________________________




2113. 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: Martha Ellett
Phone: 202 622-2983
Fax: 202 622-1974
Email: [email protected]

RIN: 1505-AA81
_______________________________________________________________________




2114. SECRETARY'S DETERMINATION OF REAL ESTATE BROKERAGE

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 1501.2

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Martha Ellett
Phone: 202 622-2983
Fax: 202 622-1974
Email: [email protected]

RIN: 1505-AA84
_______________________________________________________________________




2115. TERRORISM RISK INSURANCE PROGRAM; RECOUPMENTS OF FEDERAL SHARE OF 
COMPENSATION FOR INSURED LOSSES

Priority: Other Significant

CFR Citation: 31 CFR 50

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                             To Be                       Determined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Howard Leikin
Phone: 202 622-6770
Email: [email protected]

RIN: 1505-AB10
_______________________________________________________________________




2116. 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: 317 614-4511

RIN: 1505-AB11
_______________________________________________________________________




2117. 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

[[Page 23000]]

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Deborah Thompson
Phone: 317 614-4511

RIN: 1505-AB12
_______________________________________________________________________




2118. 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
_______________________________________________________________________




2119. 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
_______________________________________________________________________


Department of the Treasury (TREAS)                    Completed Actions


Departmental Offices (DO)



_______________________________________________________________________




2120. UNITED STATES--CHILE FREE TRADE AGREEMENT

Priority: Substantive, Nonsignificant

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

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    12/20/06                    71 FR 76127
Final Action Effective          01/19/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Robert Abels
Phone: 202 344-1959

RIN: 1505-AB47
_______________________________________________________________________




2121. CONDITIONAL RELEASE PERIOD AND CUSTOMS BOND OBLIGATIONS FOR FOOD, 
DRUGS, DEVICES, AND COSMETICS

Priority: Substantive, Nonsignificant

CFR Citation: 19 CFR 141; 19 CFR 151

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    01/31/07                     72 FR 4423
Final Action Effective          05/01/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Jeremy Baskin
Phone: 202 572-8753

RIN: 1505-AB57
_______________________________________________________________________




2122. FEES FOR CERTAIN SERVICES

Priority: Substantive, Nonsignificant

CFR Citation: 19 CFR 24

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    01/26/07                     72 FR 3730
Final Action Effective          04/01/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Jerry Petty
Phone: 202 344-1317

RIN: 1505-AB62
_______________________________________________________________________




2123. [bull] EXTENSION OF IMPORT RESTRICTIONS IMPOSED ON ARCHAEOLOGICAL 
AND ETHNOLOGICAL MATERIAL FROM BOLIVIA

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 301; 19 USC 66; 19 USC 1202 (General Note 3(i), 
Harmonized Tariff Schedule of the United States (HTSUS)) ; 19 USC 1624; 
19 USC 2612

CFR Citation: 19 CFR 12.104g(a)

Legal Deadline: Final, Statutory, December 4, 2006, 19 USC 2602(e).

Abstract: This document amends title 19 of the Code of Federal 
Regulations (19 CFR) to reflect the extension of the import 
restrictions on certain archaeological and ethnological material from 
Bolivia that were imposed by Treasury Decision (T.D.) 01-86. The 
Assistant Secretary for Educational and Cultural Affairs, United States 
Department of State, has determined that conditions continue to warrant 
the imposition of import restrictions. Accordingly, the restrictions 
will remain in effect for an additional 5 years, and title 19 of the 
CFR is being amended to reflect this extension until December 4, 2011. 
These restrictions are being extended pursuant to determinations of the 
United States Department of State made under the terms of the 
Convention on Cultural Property Implementation Act in accordance with 
the United Nations Educational, Scientific and Cultural Organization 
(UNESCO) Convention on the Means of Prohibiting and Preventing the 
Illicit Import, Export and Transfer of Ownership of Cultural Property. 
T.D. 01-86 contains the Designated List of archaeological and 
ethnological material from Bolivia.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    12/01/06                    71 FR 69477
Final Action Effective          12/04/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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


[[Page 23001]]


Michael Craig, Chief, Other Government Agency Branch, Department of the 
Treasury, Commercial Targeting and Enforcement, Office of International 
Trade, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 344-1684

RIN: 1505-AB74
BILLING CODE 4810--02--S
_______________________________________________________________________


Department of the Treasury (TREAS)                        Prerule Stage


Financial Crimes Enforcement Network (FINCEN)



_______________________________________________________________________




2124. 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                           06/00/07

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Russell Stephenson, Senior Compliance Specialist, 
Department of the Treasury, Financial Crimes Enforcement Network, Suite 
4600E, 1099 14th Street NW., Washington, DC 20005
Phone: 202 354-6012
Fax: 202 354-6411
Email: [email protected]

RIN: 1506-AA39
_______________________________________________________________________




2125. PROVISION OF BANKING SERVICES TO MONEY SERVICES BUSINESSES

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

Legal Authority: 31 USC P L 107-56 Bank Secrecy Act

CFR Citation: 31 CFR 103

Legal Deadline: None

Abstract: We are issuing this advance notice of proposed rulemaking 
(``Advance Notice'') as a part of our ongoing effort to address, in the 
context of the Bank Secrecy Act, the issue of access to banking 
services by money services businesses. Both the banking industry and 
the money service business industry have expressed concerns with regard 
to the impact of Bank Secrecy Act regulations on the ability of money 
service businesses to open and maintain accounts and obtain other 
financial services at banks and other depository institutions. Due to 
the concerns about the effect of regulatory requirements on the 
provision of banking services to money services businesses, we, through 
the Non-Bank Financial Institutions and the Examinations subcommittees 
of the Bank Secrecy Act Advisory Group, held a fact-finding meeting on 
March 8, 2005, to hear directly from banks, other depository 
institutions, and money services businesses concerning the challenges 
that they face on this issue.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

URL For Public Comments:
[email protected]

Agency Contact: Office of Regulatory Policy & Programs, Department of 
the Treasury, Financial Crimes Enforcement Network, 1099 14th Street 
NW., Suite 4600, Washington, DC 20005
Phone: 202 654-6400

RIN: 1506-AA85
_______________________________________________________________________


Department of the Treasury (TREAS)                  Proposed Rule Stage


Financial Crimes Enforcement Network (FINCEN)



_______________________________________________________________________




2126. 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                            06/00/07

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

URL For Public Comments:
[email protected]

Agency Contact: Office of Regulatory Policy & Programs, Department of 
the Treasury, Financial Crimes Enforcement Network, 1099 14th Street 
NW., Suite 4600, Washington, DC 20005
Phone: 202 654-6400

RIN: 1506-AA38

[[Page 23002]]

_______________________________________________________________________




2127. 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                            06/00/07

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Russell Stephenson, Senior Compliance Specialist, 
Department of the Treasury, Financial Crimes Enforcement Network, Suite 
4600E, 1099 14th Street NW., Washington, DC 20005
Phone: 202 354-6012
Fax: 202 354-6411
Email: [email protected]

RIN: 1506-AA40
_______________________________________________________________________




2128. 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                            06/00/07

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

URL For Public Comments:
[email protected]

Agency Contact: Russell Stephenson, Senior Compliance Specialist, 
Department of the Treasury, Financial Crimes Enforcement Network, Suite 
4600E, 1099 14th Street NW., Washington, DC 20005
Phone: 202 354-6012
Fax: 202 354-6411
Email: [email protected]

RIN: 1506-AA41
_______________________________________________________________________




2129. 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                            06/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Office of Regulatory Policy & Programs, Department of 
the Treasury, Financial Crimes Enforcement Network, 1099 14th Street 
NW., Suite 4600, Washington, DC 20005
Phone: 202 654-6400

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




2130. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY 
LAUNDERING PROGRAMS FOR BUSINESSES ENGAGED IN VEHICLE SALES, INCLUDING 
AUTOMOBILE, 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                            06/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Office of Chief Counsel, Department of the Treasury, 
Financial Crimes Enforcement Network, PO Box 39, Vienna, VA 22183
Phone: 703 905-3590
Fax: 703 905-3758

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




2131. AMENDMENTS TO BANK SECRECY ACT REGULATIONS--CASINO RECORDKEEPING 
AND REPORTING REQUIREMENTS

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

Legal Authority: 31 USC PL107-56 Bank Secrecy Act

CFR Citation: 31 CFR 103

Legal Deadline: None

Abstract: FinCEN is proposing to exclude, as reportable transactions in 
currency, jackpots from slot machines and video lottery terminals. We 
are also proposed to exclude certain transactions between (i) casinos 
and currency dealers or exchangers and (ii) casinos and check cashiers 
as reportable transactions in currency.

[[Page 23003]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

URL For Public Comments:
[email protected]

Agency Contact: Office of Regulatory Policy & Programs, Department of 
the Treasury, Financial Crimes Enforcement Network, 1099 14th Street 
NW., Suite 4600, Washington, DC 20005
Phone: 202 654-6400

RIN: 1506-AA84
_______________________________________________________________________




2132. [bull] AMENDMENT TO THE BANK SECRECY ACT REGULATIONS--REQUIREMENT 
THAT CHECK CASHERS REPORT SUSPICIOUS TRANSACTIONS

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

Legal Authority: 31 USC PL 5311-5314

CFR Citation: 31 CFR 103.20(a)(1)

Legal Deadline: None

Abstract: We are proposing to amend the Bank Secrecy Act regulations to 
require check cashers to report suspicious transactions to the 
Department of the Treasury. The proposed amendment constitutes a step 
further in the enhancement of a comprehensive system for the reporting 
of suspicious transactions by major categories of financial 
institutions operating in the United States, as part of the anti-money 
laundering program of the Department of the Treasury.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

URL For Public Comments:
[email protected]

Agency Contact: Office of Regulatory Policy & Programs, Department of 
the Treasury, Financial Crimes Enforcement Network, 1099 14th Street 
NW., Suite 4600, Washington, DC 20005
Phone: 202 654-6400

RIN: 1506-AA87
_______________________________________________________________________


Department of the Treasury (TREAS)                     Final Rule Stage


Financial Crimes Enforcement Network (FINCEN)



_______________________________________________________________________




2133. 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                    06/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Office of Chief Counsel, Department of the Treasury, 
Financial Crimes Enforcement Network, PO Box 39, Vienna, VA 22183
Phone: 703 905-3590
Fax: 703 905-3758

RIN: 1506-AA15
_______________________________________________________________________




2134. AMENDMENT TO THE BANK SECRECY ACT REGULATIONS--EXEMPTIONS FROM THE 
REQUIREMENT TO REPORT TRANSACTIONS IN CURRENCY

Priority: Substantive, Nonsignificant

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

CFR Citation: 31 CFR 103

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

URL For Public Comments:
[email protected]

Agency Contact: Office of Chief Counsel, Department of the Treasury, 
Financial Crimes Enforcement Network, PO Box 39, Vienna, VA 22183
Phone: 703 905-3590
Fax: 703 905-3758

RIN: 1506-AA23
_______________________________________________________________________




2135. 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

[[Page 23004]]

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                    06/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Office of Chief Counsel, Department of the Treasury, 
Financial Crimes Enforcement Network, PO Box 39, Vienna, VA 22183
Phone: 703 905-3590
Fax: 703 905-3758

RIN: 1506-AA25
_______________________________________________________________________




2136. 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
Second NPRM                     05/09/03                    68 FR 25163
Final Rule                      05/09/03                    68 FR 25090
Second NPRM Comment Period End  06/23/03
Final Action                    06/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Office of Regulatory Policy & Programs, Department of 
the Treasury, Financial Crimes Enforcement Network, 1099 14th Street 
NW., Suite 4600, Washington, DC 20005
Phone: 202 654-6400

RIN: 1506-AA31
_______________________________________________________________________




2137. 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 Rule Effective            05/04/06                    71 FR 26213
Final Action                    06/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Office of the Chief Counsel, Department of the 
Treasury, Financial Crimes Enforcement Network, PO Box 39, Vienna, VA 
22183
Phone: 703 905-3590
Fax: 703 905-3735

RIN: 1506-AA37
_______________________________________________________________________




2138. 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                    06/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Koko (Nettie) Ives, Department of the Treasury, 
Financial Crimes Enforcement Network, 1099 14th Street NW., Suite 4600, 
Washington, DC 20005
Phone: 202 354-6014
Email: [email protected]

RIN: 1506-AA43
_______________________________________________________________________




2139. 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                    06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Office of Chief Counsel, Department of the Treasury, 
Financial Crimes Enforcement Network, PO Box 39, Vienna, VA 22183
Phone: 703 905-3590
Fax: 703 905-3758

RIN: 1506-AA61

[[Page 23005]]

_______________________________________________________________________




2140. 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                    06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

URL For More Information:
www.fincen.gov

URL For Public Comments:
[email protected]

Agency Contact: Office of Chief Counsel, Department of the Treasury, 
Financial Crimes Enforcement Network, PO Box 39, Vienna, VA 22183
Phone: 703 905-3590
Fax: 703 905-3758

RIN: 1506-AA65
_______________________________________________________________________




2141. 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                    06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Koko (Nettie) Ives, Department of the Treasury, 
Financial Crimes Enforcement Network, 1099 14th Street NW., Suite 4600, 
Washington, DC 20005
Phone: 202 354-6014
Email: [email protected]

RIN: 1506-AA67
_______________________________________________________________________




2142. 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
Interim Final Rule Comment 
Period End                      05/29/02
Final Action                    06/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Office of the Chief Counsel, Department of the 
Treasury, Financial Crimes Enforcement Network, PO Box 39, Vienna, VA 
22183
Phone: 703 905-3590
Fax: 703 905-3735

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




2143. 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

________________________________________________________________________

NPRM                            02/24/03                     68 FR 8571
NPRM Comment Period End         04/10/03
Final Action                    06/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Office of Chief Counsel, Department of the Treasury, 
Financial Crimes Enforcement Network, PO Box 39, Vienna, VA 22183
Phone: 703 905-3590
Fax: 703 905-3758

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




2144. 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                    06/00/07

[[Page 23006]]

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Office of Chief Counsel, Department of the Treasury, 
Financial Crimes Enforcement Network, PO Box 39, Vienna, VA 22183
Phone: 703 905-3590
Fax: 703 905-3758

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




2145. 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              04/29/02                    67 FR 21110
Amendment to Interim Final Rule 11/06/02                    67 FR 67547
Interim Final Rule Correction   11/14/02                    67 FR 68935
Final Action                    06/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Office of the Chief Counsel, Department of the 
Treasury, Financial Crimes Enforcement Network, PO Box 39, Vienna, VA 
22183
Phone: 703 905-3590
Fax: 703 905-3735

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




2146. 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
Interim Final Rule Comment 
Period End                      05/29/02
Final Action                    06/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Office of Regulatory Policy & Programs, Department of 
the Treasury, Financial Crimes Enforcement Network, 1099 14th Street 
NW., Suite 4600, Washington, DC 20005
Phone: 202 654-6400

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




2147. 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                    06/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Office of Regulatory Policy & Programs, Department of 
the Treasury, Financial Crimes Enforcement Network, 1099 14th Street 
NW., Suite 4600, Washington, DC 20005
Phone: 202 654-6400

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




2148. 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                    06/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Office of Regulatory Policy & Programs, Department of 
the Treasury, Financial Crimes Enforcement Network, 1099 14th Street 
NW., Suite 4600, Washington, DC 20005
Phone: 202 654-6400

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




2149. 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.

[[Page 23007]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/26/02                    67 FR 60617
NPRM Comment Period End         11/25/02
Final Action                    06/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Office of the Chief Counsel, Department of the 
Treasury, Financial Crimes Enforcement Network, PO 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
_______________________________________________________________________




2150. 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                      07/25/05
Final Action                    06/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Office of Regulatory Policy & Programs, Department of 
the Treasury, Financial Crimes Enforcement Network, 1099 14th Street 
NW., Suite 4600, Washington, DC 20005
Phone: 202 654-6400

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




2151. 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                            04/10/03                    68 FR 17569
NPRM Comment Period End         06/09/03
Final Action                    06/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Office of Regulatory Policy & Programs, Department of 
the Treasury, Financial Crimes Enforcement Network, 1099 14th Street 
NW., Suite 4600, Washington, DC 20005
Phone: 202 654-6400

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




2152. AMENDMENT TO THE BANK SECRECY ACT REGULATIONS--IMPOSITION OF 
SPECIAL MEASURE AGAINST BANCO DELTA ASIA SARL

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

Legal Authority: 31 USC 5318A

CFR Citation: 31 CFR 103

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                            09/20/05                    70 FR 55217
Notice                          09/20/05                    70 FR 55214
NPRM Comment Period End         10/25/05
Final Action                    06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

URL For Public Comments:
[email protected]">[email protected]

Agency Contact: Koko (Nettie) Ives, Department of the Treasury, 
Financial Crimes Enforcement Network, 1099 14th Street NW., Suite 4600, 
Washington, DC 20005
Phone: 202 354-6014
Email: [email protected]

RIN: 1506-AA83
_______________________________________________________________________




2153. THRESHOLD FOR THE REQUIREMENT TO COLLECT, RETAIN, AND TRANSMIT 
INFORMATION ON FUNDS TRANSFER AND TRANSMITTAL OF FUNDS

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

Legal Authority: 12 USC 1829(B)(3); 12 USC 1829(b)(2)

CFR Citation: 31 CFR 103; 12 CFR 219

Legal Deadline: None

Abstract: An advanced notice concerning the $3,000 threshold for wire 
transfers.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           06/21/06                    71 FR 35564
ANPRM Comment Period End        08/21/06
Final Action                    06/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Koko (Nettie) Ives, Department of the Treasury, 
Financial Crimes Enforcement Network, 1099 14th Street NW., Suite 4600, 
Washington, DC 20005
Phone: 202 354-6014
Email: [email protected]

RIN: 1506-AA86

[[Page 23008]]

_______________________________________________________________________


Department of the Treasury (TREAS)                    Long-Term Actions


Financial Crimes Enforcement Network (FINCEN)



_______________________________________________________________________




2154. 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: Cynthia L. Clark
Phone: 703 905-3758
Fax: 703 905-3758
Email: [email protected]

RIN: 1506-AA19
_______________________________________________________________________


Department of the Treasury (TREAS)                    Completed Actions


Financial Crimes Enforcement Network (FINCEN)



_______________________________________________________________________




2155. IMPOSITION OF SPECIAL MEASURES AGAINST THE COMMERCIAL BANK OF 
SYRIA AS A FINANCIAL INSTITUTION OF PRIMARY MONEY LAUNDERING CONCERN

Priority: Substantive, Nonsignificant

CFR Citation: 31 CFR 103.188

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    03/15/06                    71 FR 13260

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Koko (Nettie) Ives
Phone: 202 354-6014
Email: [email protected]

RIN: 1506-AA64
BILLING CODE 4810--33--S
_______________________________________________________________________


Department of the Treasury (TREAS)                  Proposed Rule Stage


Financial Management Service (FMS)



_______________________________________________________________________




2156. 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; or 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.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

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

RIN: 1510-AA51
_______________________________________________________________________




2157. FEDERAL GOVERNMENT PARTICIPATION IN THE AUTOMATED CLEARING HOUSE 
(ACH)

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 301; 5 USC 5525; 12 USC 90; 12 USC 265 to 266; 
12 USC 391; 12 USC 1767; 12 USC 1789(a); 31 USC 321; 31 USC 3122; 31 
USC 3301 to 3303; 31 USC 3321; 31 USC 3325; 31 USC 3327 to 3328; 31 USC 
3332; 31 USC 3335 to 3336; 31 USC 3720; 31 USC 6503

CFR Citation: 31 CFR 210

Legal Deadline: None

Abstract: The Department of the Treasury, Financial Management Service 
(FMS), periodically reviews the private sector Automated Clearing House 
(ACH) operating rules established by NACHA--The Electronic Payments 
Association and adopts or declines each rule. FMS plans to publish a 
notice of proposed rulemaking to amend 31 CFR part 210 to adopt certain 
ACH rules, including a new ACH rule establishing a per transaction fee 
for the origination and receipt of ACH transactions. In addition to 
addressing ACH rule changes, the proposed rule will include an 
amendment to part 210 to allow Federal agencies to issue part or all of 
an employee's travel reimbursement to the travel card issuing bank for 
crediting to the employee's travel card account (``split 
disbursement''). Currently, 31 CFR 210.5 requires that Federal 
electronic payments other than vendor payments be directed to a deposit 
account at the financial institution ``in the name of'' the individual. 
Treasury waived this requirement for split disbursement in April 2005. 
The proposed rule will codify the terms of the waiver in part 210. FMS 
anticipates publishing the proposed rule with a 60-day comment period.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/07

[[Page 23009]]

NPRM Comment Period End         07/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Federal

URL For Public Comments:
www.regulations.gov

Agency Contact: William Brushwood, Financial Program Specialist, 
Settlement Services Division, Department of the Treasury, Financial 
Management Service, 401 14th Street SW., Washington, DC 20227
Phone: 202 874-1251
Fax: 202 874-6965
Email: [email protected]

Related RIN: Related to 1510-AB13
RIN: 1510-AB00
_______________________________________________________________________




2158. RULES AND PROCEDURES FOR EFFICIENT FEDERAL-STATE FUNDS TRANSFERS

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 6503

CFR Citation: 31 CFR 205

Legal Deadline: None

Abstract: The Department of Treasury, Financial Management Service 
(FMS), plans to revise 31 CFR part 205 to clarify the circumstances 
under which federal interest liabilities accrue for certain Federal 
assistance programs. Additionally, changes to the procedures and 
timeframes for submitting Treasury/State Agreements to FMS are being 
contemplated.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Federal, State

Federalism:  Undetermined

Agency Contact: M. Fred Williams, CMIA Program Manager, Federal 
Finance, Department of the Treasury, Financial Management Service, 401 
14th Street SW., Washington, DC 20227
Phone: 202 874-6736
Fax: 202 874-6965
Email: [email protected]

RIN: 1510-AB12
_______________________________________________________________________




2159. [bull] MANAGEMENT OF FEDERAL AGENCY DISBURSEMENTS

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 301; 12 USC 90; 12 USC 265 to 266; 12 USC 1767; 
12 USC 1789(a); 31 USC 321; 31 USC 3122; 31 USC 3301 to 3303; 31 USC 
3321; 31 USC 3325; 31 USC 3327 to 3328; 31 USC 3332; 31 USC 3335 to 
3336; 31 USC 6503; PL 104-208

CFR Citation: 31 CFR 208

Legal Deadline: None

Abstract: The Department of the Treasury, Financial Management Service 
(FMS), plans to publish a notice of proposed rulemaking to amend 31 CFR 
part 208 to allow Federal agencies to issue part or all of an 
employee's travel reimbursement to the travel card issuing bank for 
crediting to the employee's travel card account (``split 
disbursement''). Currently, 31 CFR 208.6 requires that Federal 
electronic payments other than vendor payments be directed to a deposit 
account at the financial institution ``in the name of`` the individual. 
Treasury waived this requirement for split disbursement in April 2005. 
The proposed rule will codify the terms of the waiver in part 208. In 
addition, the proposed rule would prohibit an agency from making a 
check payment to another agency, and would instead require that all 
agency-to-agency payments be made through the Intra-Governmental 
Payment and Collection System. FMS anticipates publishing the proposed 
rule with a 60-day comment period. (This amendment was previously 
included in RIN 1510-AB00.)

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Federal

URL For Public Comments:
www.regulations.gov

Agency Contact: William Brushwood, Financial Program Specialist, 
Settlement Services Division, Department of the Treasury, Financial 
Management Service, 401 14th Street SW., Washington, DC 20227
Phone: 202 874-1251
Fax: 202 874-6965
Email: [email protected]

Related RIN: Split from 1510-AB00
RIN: 1510-AB13
_______________________________________________________________________


Department of the Treasury (TREAS)                     Final Rule Stage


Financial Management Service (FMS)



_______________________________________________________________________




2160. 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, the amounts collected should be applied to that charge 
first. Remaining amounts are then applied to penalties, any other 
administrative charges, interest, and principal.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              07/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Federal, Local, State, Tribal

Agency Contact: Thomas Dungan, Financial Program Specialist, Debt 
Management Service, Department of the Treasury, Financial Management 
Service, 401 14th Street SW., Washington, DC 20227
Phone: 202 874-7349
Fax: 202 874-7494

[[Page 23010]]

Email: [email protected]

RIN: 1510-AA91
_______________________________________________________________________




2161. PAYMENT OF FEDERAL TAXES AND THE TREASURY TAX AND LOAN PROGRAM

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 90; 12 USC 265 to 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: Title 31 CFR part 203 governs the processing of Federal Tax 
collections by financial institutions and the operation of the Treasury 
Tax and Loan program. 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              05/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Agency Contact: Thompson Sawyer, Director, Investment Management 
Division, Department of the Treasury, Financial Management Service, 401 
14th Street SW, Washington, DC 20227
Phone: 202 874-7150
Email: [email protected]

RIN: 1510-AB01
_______________________________________________________________________




2162. DEPOSITARIES AND FINANCIAL AGENTS OF THE FEDERAL GOVERNMENT

Priority: Info./Admin./Other

Legal Authority: 12 USC 90; 12 USC 265 to 266; 12 USC 391; 12 USC 
1452(d); 12 USC 1464(k); 12 USC 1789(a); 12 USC 2013; 12 USC 2122; 12 
USC 3101 to 3102; 31 USC 3303; 31 USC 3336

CFR Citation: 31 CFR 202

Legal Deadline: None

Abstract: The Department of the Treasury, Financial Management Service, 
is considering amending 31 CFR part 202 for clarity and consolidation. 
Part 202 governs the designation of financial institutions as 
depositaries and financial agents of the United States, and their 
authorization to accept deposits and perform other services. The rule 
may be updated to reflect Treasury's authority to designate Federal 
Reserve Banks as fiscal agents of the United States and to clarify 
definitions and obligations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Mary Bailey, Team Leader, Department of the Treasury, 
Financial Management Service, 401 14th Street SW, Washington, DC 20227
Phone: 202 874-7055
Fax: 202 874-6575
Email: [email protected]

Related RIN: Related to 1510-AB11
RIN: 1510-AB10
_______________________________________________________________________




2163. PAYMENT OF FEDERAL TAXES AND THE TREASURY LOAN PROGRAM

Priority: Info./Admin./Other

Legal Authority: 31 USC 323

CFR Citation: 31 CFR 203

Legal Deadline: None

Abstract: The Department of the Treasury, Financial Management Service, 
is considering amending 31 CFR part 203 to address potential changes 
designed to simplify the Treasury Tax and Loan program. The changes may 
result in some sections being removed or placed in the Treasury 
Financial Manual.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              10/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Federal

Agency Contact: Thompson Sawyer, Director, Investment Management 
Division, Department of the Treasury, Financial Management Service, 401 
14th Street SW, Washington, DC 20227
Phone: 202 874-7150
Email: [email protected]

Related RIN: Related to 1510-AB10
RIN: 1510-AB11
_______________________________________________________________________


Department of the Treasury (TREAS)                    Completed Actions


Financial Management Service (FMS)



_______________________________________________________________________




2164. ADMINISTRATIVE OFFSET UNDER RECIPROCAL AGREEMENTS WITH STATES

Priority: Substantive, Nonsignificant

CFR Citation: 31 CFR 285.6

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              01/11/07                     72 FR 1283
Interim Final Rule Comment 
Period End                      03/12/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Federal, Local, State, Tribal

Agency Contact: Thomas Dungan
Phone: 202 874-7349
Fax: 202 874-7494
Email: [email protected]

RIN: 1510-AB09
BILLING CODE 4810--31--S

[[Page 23011]]

_______________________________________________________________________


Department of the Treasury (TREAS)                        Prerule Stage


Alcohol and Tobacco Tax and Trade Bureau (TTB)



_______________________________________________________________________



ALCOHOL


                    ________________________________



2165. 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                           04/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Ramona Hupp, 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]

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


Department of the Treasury (TREAS)                  Proposed Rule Stage


Alcohol and Tobacco Tax and Trade Bureau (TTB)



_______________________________________________________________________



ALCOHOL


                    ________________________________



2166. DENATURED SPIRITS, ARTICLES, AND NONBEVERAGE PRODUCTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 27 CFR 19 to 20; 27 CFR 27 to 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                            12/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Steven C. Simon, Program Manager, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G 
Street NW., Washington, DC 20220
Phone: 202 927-9210
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AB03
_______________________________________________________________________




2167. 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
ANPRM Comment Period Extended   06/23/05                    70 FR 36359
ANPRM Comment Period End        09/26/05
NPRM                            07/00/07

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Lisa M. Gesser, TTB Program Coordinator, 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
_______________________________________________________________________




2168. 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. They 
will give guidance on operations, tax payment, recordkeeping, 
reporting, and segregation of products made by separate brewers.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

[[Page 23012]]

Agency Contact: Ramona L. Hupp, 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-AB09
_______________________________________________________________________




2169. USE OF THE WORD ``PURE'' OR ITS VARIANTS IN THE LABELING AND 
ADVERTISING OF ALCOHOL BEVERAGES

Priority: Other Significant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 4 to 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                           12/07/05                    70 FR 72731
ANPRM Comment Period End        02/06/06
ANPRM Comment Period Extended   02/16/06                     71 FR 8228
ANPRM Comment Period End        03/20/06
NPRM                            12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Lisa M. Gesser, TTB Program Coordinator, 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
_______________________________________________________________________




2170. PROPOSED EXPANSION OF THE SANTA MARIA VALLEY VITICULTURAL AREA

Priority: Routine and Frequent

Legal Authority: 27 USC 205(e)

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: The Santa Maria Valley viticultural area (27 CFR 9.28) lies 
within the larger Central Coast viticultural area of California. The 
proposed expansion to the Santa Maria Valley viticultural area boundary 
line extends to the south and west of the current boundaries, within 
Santa Barbara County, California. Distinguishing features include 
terrain, climate, soils, and the Santa Maria River watershed. The 
proposed expansion area includes vineyards and wineries.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/07

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-AB31
_______________________________________________________________________




2171. PROPOSED AMENDMENT TO THE STANDARDS OF IDENTITY FOR DISTILLED 
SPIRITS

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205(e)

CFR Citation: 27 CFR 5.22

Legal Deadline: None

Abstract: TTB has received a petition to establish Cacha[ccedil]a as a 
distinctive product of Brazil. TTB proposes to amend the regulations 
governing standards of identity for distilled spirits accordingly.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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-AB33
_______________________________________________________________________




2172. MODIFICATION OF MANDATORY LABEL INFORMATION FOR WINE

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 4.32

Legal Deadline: None

Abstract: This proposed regulatory change would permit alcohol content 
information to appear on any label affixed to a wine container. Current 
regulations require alcohol content to appear on the brand label.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Maria E. Mahone, Writer-Editor, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G 
Street NW., Washington, DC 20220
Phone: 202 927-1620
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AB36
_______________________________________________________________________




2173. [bull] PROPOSED ESTABLISHMENT OF THE UPPER MISSISSIPPI RIVER 
VALLEY VITICULTURAL AREA

Priority: Routine and Frequent

Legal Authority: 27 U.S.C. 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: TTB proposes to establish the 29,914-square mile ``Upper 
Mississippi River Valley'' viticultural area in portions of southeast 
Minnesota, southwest Wisconsin, northwest Illinois, and northeast Iowa. 
The Upper Mississippi River Wildlife and Fish Refuge Act of 1924 
provides an historical perspective in support of the Upper Mississippi 
River Valley viticultural area. The boundary closely

[[Page 23013]]

follows Major Land Resource Area 105, managed by the Natural Resources 
Conservation Service, under the U.S. Department of Agriculture.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/00/07

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-AB40
_______________________________________________________________________




2174. [bull] PROPOSED ESTABLISHMENT OF THE PINE MOUNTAIN-MAYACMAS 
VITICULTURAL AREA

Priority: Routine and Frequent

Legal Authority: 27 U.S.C. 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: The 4,600-acre ``Pine Mountain-Mayacmas'' proposed 
viticultural area lies approximately 90 miles north-northwest of San 
Francisco, California, off U.S. Route 101 in Sonoma and Mendocino 
Counties, on the western side of the Mayacmas range. Distinguishing 
features include mountainous soils, steep topography with high 
elevations, and a growing season climate that contrasts to the valley 
floor below. Also, the Pine Mountain vineyards, 5 to 20-acre small 
plots with flat or gently sloping terrains, nestle among the steep 
mountainous terrains.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/00/07

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-AB41
_______________________________________________________________________




2175. [bull] PROPOSED ESTABLISHMENT OF THE LAKE CHELAN VITICULTURAL AREA

Priority: Routine and Frequent

Legal Authority: 27 U.S.C. 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: The 30,440-acre Lake Chelan proposed viticultural area lies 
east-northeast of Seattle, Washington, on the east side of the Cascade 
range in Chelan County. Distinguishing features include the alpine 
valley setting, lake-moderated climate, and soils rich in volcanic 
pumice.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/00/07

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-AB42
_______________________________________________________________________




2176. [bull] PROPOSED EXPANSION OF THE FORT ROSS SEAVIEW VITICULTURAL 
AREA

Priority: Routine and Frequent

Legal Authority: 27 U.S.C. 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: The proposed expansion to the Fort Ross Seaview viticultural 
area would add an additional 15,726 acres along its northern-most 
boundary line. The Fort Ross Seaview viticultural area is located in 
western Sonoma County, California, just east of the Pacific coastline.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/00/07

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-AB44
_______________________________________________________________________




2177. [bull] PROPOSED ESTABLISHMENT OF THE HAW RIVER VALLEY VITICULTURAL 
AREA

Priority: Routine and Frequent

Legal Authority: 27 U.S.C. 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: The proposed 868-square mile Haw River Valley viticultural 
area lies in the north-central Piedmont area of North Carolina on both 
sides of the Haw River. Distinguishing features include its geology, 
soils, elevation, and climate. The Haw River watershed plays a 
significant role in the determination of the proposed boundary.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/00/07

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-AB45
_______________________________________________________________________




2178. [bull] PROPOSED ESTABLISHMENT OF THE INDIANA UPLANDS VITICULTURAL 
AREA

Priority: Routine and Frequent

Legal Authority: 27 U.S.C. 205

CFR Citation: 27 CFR 9

Legal Deadline: None

[[Page 23014]]

Abstract: The proposed 4,800-square mile Indiana Uplands viticultural 
area in south-central Indiana includes 150 acres of vineyards and nine 
wineries. It partially overlaps with the Ohio River Valley viticultural 
area (27 CFR 9.78). Distinguishing features of the proposed Indiana 
Uplands viticultural area include its non-glaciated plateau geology, 
thin residual soil and loess cover, variable topography, and a unique 
growing climate.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/00/07

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-AB46
_______________________________________________________________________




2179. [bull] PROPOSED EXPANSION OF THE PASO ROBLES VITICULTURAL AREA

Priority: Routine and Frequent

Legal Authority: 27 U.S.C. 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: The proposed southward expansion to the established Paso 
Robles viticultural area includes a region with similar distinguishing 
and viticultural features. Also, the current boundary line divides a 
large vineyard with acreage on both sides of the line. The expansion 
included a portion of the historic Santa Margarita land grant omitted 
from the Paso Robles viticultural area.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/00/07

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-AB47



_______________________________________________________________________



FIREARMS


                    ________________________________



2180. FIREARMS AND AMMUNITION EXCISE TAXES, CONSIGNMENT SALES OF 
IMPORTED ARTICLES

Priority: Other Significant

Legal Authority: 26 USC 4181 to 4182; 26 USC 4216 to 4219; 26 USC 4221 
to 4223; 26 USC 4225; 26 USC 6001; 26 USC 6011; 26 USC 6020 to 6021; 26 
USC 6061; 26 USC 6071; 26 USC 6081; 26 USC 6091; 26 USC 6101 to 6104; 
26 USC 6109; 26 USC 6151; 26 USC 6155; 26 USC 6161; 26 USC 6301 to 
6303; 26 USC 6311; 26 USC 6402; 26 USC 6404; 26 USC 6416; 26 USC 7502; 
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                            09/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

URL For Public Comments:
[email protected]

Agency Contact: Karl O. Joedicke, Project Coordinator, 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
_______________________________________________________________________




2181. DETERMINATION OF TAX AND RECORDKEEPING ON LARGE CIGARS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 5701; 26 USC 5702

CFR Citation: 27 CFR 40; 27 CFR 41

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. 
This notice addresses questions about determining the amount of tax for 
large cigars based on their sale price and gives guidance on tax 
adjustments for large cigars provided at no cost in connection with a 
sale.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC22

Agency Contact: Amy R. Greenberg, 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
_______________________________________________________________________




2182. 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

[[Page 23015]]

(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                            12/00/07

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
_______________________________________________________________________




2183. 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                            01/00/08

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
_______________________________________________________________________




2184. PETITION TO ESTABLISH SANTA MARIA BENCH AS A NEW AMERICAN 
VITICULTURAL AREA

Priority: Routine and Frequent

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: TTB received a petition from Cambria Winery and Vineyard 
proposing to establish the ``Santa Maria Bench'' viticultural area in 
Santa Barbara County, California. The petitioned viticultural area has 
4,130 acres, with 1,754 acres planted to wine grapes, and is within the 
established Santa Maria and the Central Coast viticultural areas.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC93

Agency Contact: Ramona L. Hupp, 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-AA51
_______________________________________________________________________




2185. FORM TTB F 5100.51, FORMULA AND PROCESS FOR DOMESTIC AND IMPORTED 
ALCOHOL BEVERAGES

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205; 26 USC 5222 to 5223; 26 USC 5232; 26 USC 
5386; 26 USC 5401; 26 USC 5555

CFR Citation: 27 CFR 5; 27 CFR 7; 27 CFR 19; 27 CFR 24 to 26

Legal Deadline: None

Abstract: This project replaces existing forms used for the submission 
of formulas for wine and distilled spirits with a single, new form, TTB 
F 5100.51, Formula and Process for Domestic and Imported Alcohol 
Beverages, to be used by all producers and importers of alcohol 
beverages. This new form also replaces the existing letterhead formulas 
used for submission of beer formulas. Use of this new form will allow 
all alcohol beverage producers to use the same form and submit the same 
information for the production and importation of any kind of alcohol 
beverage.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Roberta Sanders, Program Manager, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 400W, 1310 G 
Street NW, Washington, DC 20220
Phone: 202 927-8116
Fax: 202-927-8487
Email: [email protected]

Gracie Joy, Assistant Director, Department of the Treasury, Alcohol and 
Tobacco Tax and Trade Bureau, Suite 400W, 1310 G Street NW, 
Washingtonq, DC 20220
Phone: 202 927-0638
Fax: 202-927-8487
Email: [email protected]

RIN: 1513-AB28
_______________________________________________________________________




2186. NONBEVERAGE PRODUCT FORMULAS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 27 CFR 17

Legal Deadline: None

Abstract: TTB is amending 27 CFR part 17 to allow manufacturers to 
self-certify that their products meet the legal requirements for 
nonbeverage drawback. A temporary rule will allow this new procedure as 
an optional alternative, and a concurrent notice of proposed rulemaking 
(NPRM) will propose making the new procedure mandatory. Thereafter, the 
changes proposed in the NPRM may be made permanent by a final rule.

[[Page 23016]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/07
Interim Final Rule              10/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Steven C. Simon, Program Manager, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G 
Street NW., Washington, DC 20220
Phone: 202 927-9210
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AB35
_______________________________________________________________________




2187. PROPOSED REVISION OF PART 9--AMERICAN VITICULTURAL AREAS

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: TTB is proposing to revise 27 CFR part 9. Through this 
revision, we will streamline, clarify, and modernize the requirements 
for submitting American viticultural area petitions to TTB.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Rita D. Butler, 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-AB39
_______________________________________________________________________


Department of the Treasury (TREAS)                     Final Rule Stage


Alcohol and Tobacco Tax and Trade Bureau (TTB)



_______________________________________________________________________



ALCOHOL


                    ________________________________



2188. 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

________________________________________________________________________

NPRM                            08/24/05                    70 FR 49516
Interim Final Rule              08/24/05                    70 FR 49479
Interim Final Rule Effective    08/24/05
Final Rule                      11/00/07

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
_______________________________________________________________________




2189. MAJOR FOOD ALLERGEN LABELING FOR WINES, DISTILLED SPIRITS, AND 
MALT BEVERAGES

Priority: Other Significant

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                            07/26/06                    71 FR 42329
Interim Final Rule              07/26/06                    71 FR 42260
Interim Final Rule Effective    07/26/06
NPRM Comment Period End         09/25/06
Comment Period Extended         09/20/06                    71 FR 54943
Comment Period End              12/26/06
Final Rule                      08/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Lisa M. Gesser, TTB Program Coordinator, 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]

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




2190. QUARTERLY EXCISE TAX FILING FOR SMALL ALCOHOL EXCISE TAXPAYERS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 5061 as amended by PL 109-59

CFR Citation: 27 CFR 19; 27 CFR 24; 27 CFR 25; 27 CFR 26; 27 CFR 70;

Legal Deadline: NPRM, Statutory, January 1, 2006, Public Law 109-59.

Abstract: Implementation of the quarterly excise tax payment procedure 
for small alcohol excise taxpayers contained in section 11127 of Public 
Law 109-59, the Safe, Accountable, Flexible, Efficient Transportation 
Equity Act: A Legacy for Users, which

[[Page 23017]]

amended section 5061 of the Internal Revenue Code of 1986.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Rule Effective Date   01/01/06
Temporary Rule With NPRM        02/02/06                     71 FR 5598
NPRM                            02/02/06                     71 FR 5629
NPRM Comment Period End         04/03/06
Final Rule                      06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

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-AB17
_______________________________________________________________________




2191. GREEN VALLEY OF RUSSIAN RIVER VALLEY

Priority: Routine and Frequent

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: The Winegrowers and Vintners of Sonoma County's Green Valley 
group proposes to rename the ``Sonoma County Green Valley'' 
viticultural area (27 CFR 9.57) as the ``Green Valley of Russian River 
Valley'' viticultural area, with the size and boundaries remaining 
unchanged. The group explains the name change is warranted because the 
region is commonly referred to as ``Green Valley,'' without the Sonoma 
County modifier. They add that the Sonoma County Green Valley 
viticultural area is considered as a sub-appellation of the Russian 
River Valley viticultural area by virtue of location and similar 
climate.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/02/06                    71 FR 25795
NPRM Comment Period End         07/03/06
Final Rule                      05/00/07

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-AB18
_______________________________________________________________________




2192. LEHIGH VALLEY

Priority: Routine and Frequent

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: The Lehigh Valley Wine Trail Appellation Committee proposed 
the establishment of the Lehigh Valley viticultural area, which 
includes 1,888 square miles and 220 vineyard acres, north of 
Philadelphia, in Lehigh, Northampton, Berks, Schuylkill, Carbon, and 
Monroe counties in Pennsylvania. Distinguishing features include 
climate, soil, and terrain.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/08/06                    71 FR 65437
NPRM Comment Period End         01/08/07
Final Rule                      12/00/07

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-AB19
_______________________________________________________________________




2193. SWAN CREEK

Priority: Routine and Frequent

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: Raffaldini Vineyards submitted a petition to establish the 
96,000-acre Swan Creek viticultural area on behalf of the Vineyards of 
Swan Creek Trade Association, a group of vineyards and wineries in 
northwest North Carolina. At the time of the petition, the proposed 
boundaries of the agricultural and rural area include three wineries 
and 75 acres of vineyards. Portions of Wilkes, Yadkin, and Iredell 
counties are in the proposed boundaries, as is approximately 60 percent 
of the established Yadkin Valley viticultural area (27 CFR 9.174).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/12/06                    71 FR 53612
NPRM Comment Period End         11/13/06
Final Rule                      10/00/07

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-AB20
_______________________________________________________________________




2194. SAN FRANCISCO BAY EXPANSION

Priority: Routine and Frequent

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: Hestan Vineyards proposes to expand the San Francisco Bay 
viticultural area northward into Solano County, California. This 
56,280-acre expansion will include two acres of vineyards and portions 
of the Carquinez Strait in the City of Vallejo. The distinguishing 
features include climate, soil, and terrain.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/05/06                    71 FR 70472
NPRM Comment Period End         02/05/07
Final Rule                      12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

[[Page 23018]]

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-AB21
_______________________________________________________________________




2195. SNAKE RIVER VALLEY

Priority: Routine and Frequent

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: The wine grape growers of the Snake River Valley in Idaho, 
the Idaho Grape Growers and Wine Producers Commission, and the Idaho 
Department of Commerce and Labor submitted a petition to establish the 
8,263-square mile Snake River Valley viticultural area. The area 
includes portions of western Idaho and eastern Oregon. The proposed 
boundaries include 15 wineries, 46 vineyards, and 1,107 acres of 
commercial vineyard production.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/17/06                    71 FR 40458
NPRM Comment Period End         09/15/06
Final Rule                      05/00/07

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-AB22
_______________________________________________________________________




2196. PROPOSED EXPANSION OF THE ALEXANDER VALLEY VITICULTURAL AREA

Priority: Routine and Frequent

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: The petitioner proposes to expand the Alexander Valley 
viticultural area by 1,300 acres, in a region along Hiatt Road adjacent 
to the current diagonal northwestern boundary. The proposed expansion 
area, south-southwest of Cloverdale, resembles an east-facing triangle 
that joins the diagonal northwestern boundary line. The current 
diagonal boundary line divides a vineyard, leaving about 10 acres 
outside of the established Alexander Valley viticultural area. 
Expansion of the boundary line would correct this vineyard problem and 
allow for another vineyard to be included in the viticultural area.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/17/06                    71 FR 40465
NPRM Comment Period End         09/15/06
Final Rule                      07/00/07

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-AB23
_______________________________________________________________________




2197. PROPOSED ESTABLISHMENT OF THE TULOCAY VITICULTURAL AREA

Priority: Routine and Frequent

Legal Authority: 27 USC 205(e)

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: The petitioner proposes to establish the 11,200-acre Tulocay 
viticultural area. The Tulocay region is totally within the established 
Napa Valley viticultural area and the larger, multi-county North Coast 
viticultural area in California. The distinguishing features of the 
proposed viticultural area include a unique microclimate and geography.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/08/06                    71 FR 65432
NPRM Comment Period End         01/08/07
Final Rule                      09/00/07

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-AB26
_______________________________________________________________________




2198. PROPOSED ESTABLISHMENT OF THE PASO ROBLES WESTSIDE VITICULTURAL 
AREA

Priority: Routine and Frequent

Legal Authority: 27 USC 205(e)

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: The proposed 179,622-acre Paso Robles Westside viticultural 
area is located in California about 30 miles inland from the Pacific 
Ocean and 180 miles south of San Francisco. The proposed viticultural 
area is totally within San Luis Obispo County, the Paso Robles 
viticultural area, and the multi-county Central Coast viticultural 
area. The establishment of the proposed Paso Robles Westside 
viticultural area would not affect the existing, larger Paso Robles 
viticultural area. Distinguishing features of the proposed Paso Robles 
Westside viticultural area include climate, soils, and topography.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/24/07                     72 FR 3088
NPRM Comment Period End         03/26/07
Comment Period Extended         04/24/07
Final Rule                      03/00/08

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

[[Page 23019]]

Phone: 415 271-1254
Fax: 707-778-6349
Email: [email protected]

RIN: 1513-AB27



_______________________________________________________________________



FIREARMS


                    ________________________________



2199. FIREARMS EXCISE TAX; EXEMPTION FOR SMALL MANUFACTURERS, PRODUCERS, 
AND IMPORTERS

Priority: Substantive, Nonsignificant

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

CFR Citation: 27 CFR 53.62

Legal Deadline: None

Abstract: This final rule amends the regulations administered by the 
Alcohol and Tobacco Tax and Trade Bureau to reflect the small 
manufacturers excise tax exemption contained in section 5241 of the 
Safe, Accountable, Flexible, Efficient Transportation Equity Act: A 
Legacy for Users. Section 5241 of this Act amended section 4182 of the 
Internal Revenue Code of 1986 to exempt any pistol, revolver, or 
firearm from the tax imposed by section 4181 if it was manufactured, 
produced, or imported by a person who manufactures, produces, or 
imports less than an aggregate of 50 such articles during the calendar 
year.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Rule                      09/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Karl O. Joedicke, Project Coordinator, 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-AB25



_______________________________________________________________________



TOBACCO PRODUCTS


                    ________________________________



2200. 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 to 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 Rule                      12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Maria E. Mahone, Writer-Editor, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G 
Street NW., Washington, DC 20220
Phone: 202 927-1620
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AA99
_______________________________________________________________________




2201. TAX CLASSIFICATION OF CIGARS AND CIGARETTES

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

Legal Authority: 26 USC 5142 to 5143; 26 USC 5146; 26 USC 5701; 26 USC 
5703 to 5705; 26 USC 5711 to 5713; 26 USC 5721 to 5723; 26 USC 5731; 26 
USC 5741; 26 USC 5751; 26 USC 5753 to 5754; 26 USC 5761 to 5763; 26 USC 
6061; 26 USC 6065; 26 USC 6109; 26 USC 6151; 26 USC 6301 to 6302; 26 
USC 6311; 26 USC 6313; 26 USC 6402; 26 USC 6404; 26 USC 6423; 26 USC 
6676; 26 USC 6806; 26 USC 7011; 26 USC 7212; 26 USC 7325; 26 USC 7342; 
26 USC 7502 to 7503; 26 USC 7606; 26 USC 7805; 31 USC 9301; 31 USC 9303 
to 9304; 31 USC 9306; 18 USC 2342; 26 USC 5708; 26 USC 7101; 26 USC 
7651 to 7652; 44 USC 3504(h)

CFR Citation: 27 CFR 40.11 to 40.13; 27 CFR 41.11 to 41-13; 27 CFR 
44.11 to 4-13; 27 CFR 45.11 to 45-13

Legal Deadline: None

Abstract: TTB is proposing changes to the regulations that govern the 
classification and labeling of cigars and cigarettes for Federal excise 
tax purposes under the Internal Revenue Code of 1986. The proposed 
regulatory changes address concerns that TTB has

[[Page 23020]]

regarding the adequacy of the current regulatory standards for 
distinguishing between cigars and cigarettes. The document also 
summarizes and responds to three petitions received by TTB requesting 
rulemaking action regarding the classification of cigars and 
cigarettes, with particular reference to the distinction between little 
cigars and cigarettes. The proposals contained in this document clarify 
the application of existing statutory definitions and update and codify 
administrative policy to provide clearer and more objective product 
classification criteria.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/25/06                    71 FR 62506
Comment Period Extended         12/05/06                    71 FR 70476
NPRM Comment Period End         12/26/06
Comment Period End              03/26/07
Final Rule                      12/00/07

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: 202 927-8181
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AB34
_______________________________________________________________________




2202. IMPLEMENTATION OF PUBLIC LAW 105-33, SECTION 9302, RELATING TO 
TOBACCO PRODUCT MINIMUM MANUFACTURING REQUIREMENTS AND TRANSFER MARKING

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 5702 to 5703; 26 USC 5704(b); 26 USC 5712 to 
5713; 26 USC 5741; 26 USC 5754; 26 USC 5761(c)

CFR Citation: 27 CFR 40.61(b); 27 CFR 40.183; 27 CFR 40.213; 27 CFR 
40.233; 27 CFR 41.1; 27 CFR 41.11; 27 CFR 41.71; 27 CFR 44.11; 27 CFR 
44.61 to 44.61a; 27 CFR 44.62; 27 CFR 44.142 to 44.143; 27 CFR 44.147; 
27 CFR 44.152 to 44.154; 27 CFR 44.181; 27 CFR 44.198 to 44.208; 27 CFR 
44.210; 27 CFR 44.213; 27 CFR 44.256 to 44.267

Legal Deadline: None

Abstract: The Alcohol and Tobacco Tax and Trade Bureau (TTB) is 
adopting as a final rule, with some editorial changes, the temporary 
regulations implementing (1) several provisions of the Balanced Budget 
Act of 1997 relating to minimum manufacturing requirements for tobacco 
product manufacturers to qualify for a permit and transfer of tobacco 
products, and (2) miscellaneous administrative changes that update 
references to TTB form numbers and recordkeeping requirements under the 
tobacco program.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Rule                      09/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Amy R. Greenberg, 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 1512-AB99
RIN: 1513-AB37
_______________________________________________________________________




2203. TOBACCO PRODUCTS AND CIGARETTE PAPERS AND TUBES SHIPPED FROM 
PUERTO RICO TO THE U.S.

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 5703; 26 USC 57.11; 26 USC 5641

CFR Citation: 27 CFR 41.11; 27 CFR 41.29; 27 CFR 41.105 to 41.106; 27 
CFR 41.110 to 41.111; 27 CFR 41.114; 27 CFR 41.121

Legal Deadline: None

Abstract: The Alcohol and Tobacco Tax and Trade Bureau (TTB) is 
adopting as a final rule, with some editorial changes, the temporary 
regulations concerning TTB onsite supervision of, and TTB forms for, 
certain tobacco products and cigarette papers and tubes manufactured in 
Puerto Rico and shipped from Puerto Rico to the United States. The 
temporary regulations eliminated TTB supervision and related forms when 
taxes are determined. Companies in Puerto Rico who currently ship 
Puerto Rican tobacco products from Puerto Rico to the United States are 
required to use commercial records to document such shipments.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Rule                      09/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Amy R. Greenberg, 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-AA17, Related to 1512-AC24
RIN: 1513-AB38
_______________________________________________________________________




2204. IMPLEMENTATION OF WINE CREDIT PROVISIONS OF PUBLIC LAW 104-188

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 552(a); 26 USC 5041

CFR Citation: 27 CFR 24.278 to 24.279

Legal Deadline: None

Abstract: TTB is amending wine regulations to implement a change in the 
law that allows certain transferees in bond to deduct the tax credit 
for small wine producers. Changes to bond calculations are also 
included in this regulation.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/02/97                    62 FR 29681
NPRM Comment Period End         08/01/97
Interim Final Rule              06/02/97                    62 FR 29663
Final Rule                      06/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AB65

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

[[Page 23021]]

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

RIN: 1513-AA05
_______________________________________________________________________




2205. 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 to 5713

CFR Citation: 27 CFR 41

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.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/22/99                    64 FR 71955
NPRM Comment Period End         02/22/00
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 Rule                      09/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC07

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: 202 927-8181
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AA10
_______________________________________________________________________




2206. 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 Rule                      01/00/08

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
_______________________________________________________________________




2207. 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 
associated notice of proposed rulemaking.

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 Rule                      08/00/07

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
_______________________________________________________________________




2208. PETITION TO ESTABLISH THE FORT ROSS SEAVIEW VITICULTURAL AREA

Priority: Routine and Frequent

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. TTB is considering an interim ruling to allow use of 
the AVA name within the originally petitioned boundaries, while opening 
for public comments an adjacent proposed area located immediately north 
of the original boundary line.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/12/05                    70 FR 25000
NPRM Comment Period End         06/08/05
Final Rule                      04/00/07

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

[[Page 23022]]

Fax: 707-778-6349
Email: [email protected]

RIN: 1513-AA64
_______________________________________________________________________




2209. PETITION TO ESTABLISH CALISTOGA AS AN AMERICAN VITICULTURAL AREA

Priority: Routine and Frequent

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 Rule                      09/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Amy R. Greenberg, 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-AA92
_______________________________________________________________________




2210. 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 to 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 Rule                      07/00/07

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
_______________________________________________________________________




2211. 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 3-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

________________________________________________________________________

Interim Final Rule              10/31/05                    70 FR 62238
Interim Final Rule Effective    07/01/05
NPRM                            10/31/05                    70 FR 62258
NPRM Comment Period End         12/30/05
Final Rule                      06/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Steven C. Simon, 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-AB04
_______________________________________________________________________




2212. [bull] IMPLEMENTATION OF PUBLIC LAW 103-465, SECTION 712, TIME FOR 
PAYMENT AND DEPOSITS OF CERTAIN EXCISE TAXES (NO. 277)

Priority: Other Significant

Legal Authority: 26 U.S.C. 5061(d)

CFR Citation: 27 CFR 19.522, 19.523; 27 CFR 24.271; 27 CFR 25.163, 
25.164; 27 CFR 26.112; 27 CFR 26.164; 27 CFR 40.163-165; 27 CFR 40.355; 
27 CFR 41.114; 27 CFR 53.11; 27 CFR 53.21-24; 27 CFR 53.142; 27 CFR 
53.151, 53.152; 27 CFR 53.157, 53.158; 27 CFR 70.306

Legal Deadline: None

Abstract: TTB is finalizing a temporary rule which implements the 
Uruguay Round Agreement Act Public Law 103-465, Section 712, Time for 
Payment and Deposits of Certain Excise Taxes.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Rule                      08/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Kara T. Fontaine, Management Analyst, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, 1310 G Street NW, 
Suite 200E, Washington, DC 20220
Phone: 202 927-1621
Fax: 202-927-8595
Email: [email protected]

RIN: 1513-AB43

[[Page 23023]]

_______________________________________________________________________


Department of the Treasury (TREAS)                    Long-Term Actions


Alcohol and Tobacco Tax and Trade Bureau (TTB)



_______________________________________________________________________



ALCOHOL


                    ________________________________



2213. PROHIBITION OF ALCOHOL BEVERAGE CONTAINERS AND STANDARD OF FILL 
FOR DISTILLED SPIRITS AND WINE

Priority: Substantive, Nonsignificant

CFR Citation: 27 CFR 4 to 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 Packaging04/00/08
Revised NPRM-Deceptive Packaging04/00/08

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
_______________________________________________________________________




2214. USE OF VARIOUS WINEMAKING TERMS ON WINE LABELS AND IN 
ADVERTISEMENTS; REQUEST FOR PUBLIC COMMENT

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

CFR Citation: 27 CFR 4

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           04/00/08

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-AB24



_______________________________________________________________________



Administrative/Procedures


                    ________________________________



2215. AVAILABILITY OF INFORMATION

Priority: Info./Admin./Other

CFR Citation: 27 CFR 70

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/08

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Kara T. Fontaine
Phone: 202 927-1621
Fax: 202-927-8595
Email: [email protected]

RIN: 1513-AA98
_______________________________________________________________________




2216. EXPORTATION OF LIQUORS

Priority: Substantive, Nonsignificant

CFR Citation: 27 CFR 28

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
Second ANPRM                    08/09/96                    61 FR 41500
Second ANPRM Comment Period End 12/10/96
NPRM                            06/00/08

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1513-AA00
_______________________________________________________________________




2217. 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
_______________________________________________________________________




2218. 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
_______________________________________________________________________




2219. LABELING AND ADVERTISING OF MALT BEVERAGES

Priority: Substantive, Nonsignificant

CFR Citation: 27 CFR 7

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/08

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

[[Page 23024]]

Agency Contact: Ramona L. Hupp
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AA60
_______________________________________________________________________


Department of the Treasury (TREAS)                    Completed Actions


Alcohol and Tobacco Tax and Trade Bureau (TTB)



_______________________________________________________________________




2220. PETITION TO ESTABLISH THE OUTER COASTAL PLAIN AMERICAN 
VITICULTURAL AREA

Priority: Routine and Frequent

CFR Citation: 27 CFR 9

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Rule                      02/09/07                     72 FR 6165
Final Rule Effective            03/12/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

RIN: 1513-AB13
_______________________________________________________________________




2221. TECHNICAL AMENDMENT TO REGULATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 27 CFR 9

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Rule                      11/15/06                    71 FR 66454
Final Rule Effective            11/15/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton
Phone: 415 271-1254
Fax: 707-778-6349
Email: [email protected]

RIN: 1513-AB32
_______________________________________________________________________




2222. PETITION TO ESTABLISH CHEHALEM MOUNTAINS AS A NEW AMERICAN 
VITICULTURAL AREA

Priority: Routine and Frequent

CFR Citation: 27 CFR 9

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Rule                      11/27/06                    71 FR 68458
Final Rule Effective            12/27/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton
Phone: 415 271-1254
Fax: 707-778-6349
Email: [email protected]

RIN: 1513-AA57
_______________________________________________________________________




2223. PETITION TO ESTABLISH THE SHAWNEE HILLS VITICULTURAL AREA

Priority: Routine and Frequent

CFR Citation: 27 CFR 9

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Rule                      11/27/06                    71 FR 68463
Final Rule Effective            12/27/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

RIN: 1513-AA70
_______________________________________________________________________




2224. PROPOSED ESTABLISHMENT OF TRACY HILLS VITICULTURAL AREA

Priority: Routine and Frequent

CFR Citation: 27 CFR 9

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Rule                      11/08/06                    71 FR 65409
Final Rule Effective            12/08/06

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-AA89
BILLING CODE 4810--33--S
_______________________________________________________________________


Department of the Treasury (TREAS)                  Proposed Rule Stage


Comptroller of the Currency (OCC)



_______________________________________________________________________




2225. REGULATORY BURDEN REDUCTION AND TECHNICAL AMENDMENTS

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 301; 5 USC 504; 5 USC 552; 5 USC 554 to 557; 12 
USC 1 et seq; 12 USC 24; 12 USC 24a; 12 USC 71; 12 USC 71a; 12 USC 84; 
12 USC 92 to 92a; 12 USC 93 to 93a; 12 USC 161; 12 USC 164; 12 USC 
215a-2; 12 USC 215a-3; 12 USC 375a to 375b; 12 USC 481 to 482; 12 USC 
484; 12 USC 505; 12 USC 1442; 12 USC 1817 to 1818; 12 USC 1820 to 1821; 
12 USC 1831m; 12 USC 1831p-1; 12 USC 1831o; 12 USC 1833e; 12 USC 1867; 
12 USC 1951 et seq; 12 USC 1972; 12 USC 2601 et seq; 12 USC 2801 et 
seq; 12 USC 2901 et seq; 12 USC 3101 et seq; 12 USC 3102; 12 USC 3108; 
12 USC 3401 et seq; 12 USC 3909; 12 USC 4717; 15 USC 77uu; 15 USC 78; 
15 USC 78o-4; 15 USC 78o-5; 15 USC 78q; 15 USC 78q-1; 15 USC 78s; 15 
USC 78u-2; 15 USC 78u-3; 15 USC 78w; 18 USC 641; 18 USC 1905 and 1906; 
28 USC 2461 note; 29 USC 1204; 31 USC 330; 31 USC 5321; 31 USC 9701; 42 
USC 3601; 42 USC 4012a; 42 USC 4104a; 42 USC 4104b; 42 USC 4106; 42 USC 
4128; 44 USC 3506; 44 USC 3510

[[Page 23025]]

CFR Citation: 12 CFR 1 to 5; 12 CFR 7; 12 CFR 9 to 11; 12 CFR 16; 12 
CFR 19; 12 CFR 21; 12 CFR 22 to 23; 12 CFR 26 to 28; 12 CFR 31 to 32; 
12 CFR 37; 12 CFR 40

Legal Deadline: None

Abstract: This rulemaking would revise the OCC's rules in order to 
reduce regulatory burden and make technical, clarifying, and conforming 
changes. The revisions would update part 1 to codify recent OCC 
precedents and clarify current requirements, make technical changes to 
parts 4 and 5 to reflect the OCC's current organizational 
restructuring; simplify, clarify, and make conforming and technical 
corrections to the OCC's corporate application procedures and standards 
in part 5; conform parts 5, 23, 31 and 32 to the Federal Reserve 
Board's Regulation W; revise part 7 to clarify a national bank's 
authority to act as a guarantor or surety; update and clarify national 
bank authority to engage in electronic activities; conform part 9 to 
regulations adopted by the Securities and Exchange Commission; 
streamline certain requirements under part 16; amend part 34 to provide 
additional flexibility in selecting indices for use with adjustable 
rate mortgages; update and make technical corrections to part 37; amend 
various parts of title 12 to remove OCC authority over District of 
Columbia-chartered banks pursuant to the 2004 District of Columbia 
Omnibus Authorization Act and amend parts 5, 7, 19 and 24 to reflect by 
the Financial Services Regulatory Relief Act of 2006 (Pub. L. 109-351, 
10/13/2006).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1557-AC79
_______________________________________________________________________




2226. INTERAGENCY PROPOSAL FOR MODEL PRIVACY FORM UNDER THE GRAMM-LEACH-
BLILEY ACT

Priority: Substantive, Nonsignificant

Legal Authority: 15 USC 6801 et seq

CFR Citation: 12 CFR 40

Legal Deadline: NPRM, Statutory, April 11, 2007, Interagency NPRM must 
be issued by 4/11/2007.
Section 728 of the Financial Services Regulatory Relief Act of 2006 
(Pub. L. 109-351, Oct. 13, 2006) requires that a model privacy form be 
issued in proposed form for comment no later than April 11, 2007.

Abstract: Pursuant to section 728 of the Financial Services Regulatory 
Relief Act, the OCC, the Board of Governors of the Federal Reserve 
System, the Federal Deposit Insurance Corporation, the Office of Thrift 
Supervision, the National Credit Union Administration, the Federal 
Trade Commission, the Commodities Futures Trading Commission, and the 
Securities and Exchange Commission jointly are proposing to amend their 
rules that implement sections 502 and 503 of the Gramm-Leach-Bliley Act 
to allow financial institutions to provide a safe harbor model privacy 
form. This proposal also would remove the sample clauses contained in 
these rules as of two years after the publication date of a final rule.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           12/30/03                    68 FR 75164
ANPRM Comment Period End        03/29/04
NPRM                            03/29/07                    72 FR 14940
NPRM Comment Period End         05/29/07

Regulatory Flexibility Analysis Required: Yes

Small Entities Affected: Businesses

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-AC80
_______________________________________________________________________




2227. ACCURACY AND INTEGRITY OF INFORMATION FURNISHED TO A CONSUMER 
REPORTING AGENCY

Priority: Substantive, Nonsignificant

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 1681s-2; 15 USC 1681w; 15 USC 6801; 15 USC 6805

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: OCC, along with the Board of Governors of the Federal Reserve 
System, the Federal Deposit Insurance Corporation, the Office of Thrift 
Supervision, the National Credit Union Administration, and the Federal 
Trade Commission, plans to issue a proposed rulemaking that would 
implement section 312 of the FACT Act relating to the accuracy and 
integrity of the information furnished to a consumer reporting agency 
and the ability of consumers to dispute information directly with 
persons who furnish information to a consumer reporting agency.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           03/22/06                    71 FR 14419
ANPRM Comment Period End        05/22/06
NPRM                            10/00/07

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-AC89
_______________________________________________________________________




2228. [bull] LENDING LIMITS PILOT PROGRAM

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

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

CFR Citation: 12 CFR 32

Legal Deadline: None

[[Page 23026]]

Abstract: The OCC is reevaluating its lending limits pilot program, 
which authorizes special national bank lending limits for one to four 
family residential real estate loans, small business loans, and small 
farm loans. The program will expire on September 11, 2007, unless 
extended or made permanent.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/00/07

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]

Related RIN: Related to 1557-AB82, Related to 1557-AC83
RIN: 1557-AD03
_______________________________________________________________________


Department of the Treasury (TREAS)                     Final Rule Stage


Comptroller of the Currency (OCC)



_______________________________________________________________________




2229. IDENTITY THEFT DETECTION, PREVENTION, AND MITIGATION PROGRAM FOR 
FINANCIAL INSTITUTIONS AND CREDITORS

Priority: Substantive, Nonsignificant

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 
final rule establishing guidelines and regulations to implement 
sections 114 and 315 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, 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 consumer 
reporting agency.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/18/06                    71 FR 40786
NPRM Comment Period End         09/18/06
Final Action                    07/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1557-AC87
_______________________________________________________________________




2230. FAIR CREDIT REPORTING: AFFILIATE MARKETING REGULATIONS

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; PL 108-159

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.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/15/04                    69 FR 42502
Final Action                    08/00/07

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
_______________________________________________________________________




2231. IMPLEMENTATION OF A REVISED BASEL CAPITAL ACCORD (BASEL II)

Priority: Economically Significant. Major under 5 USC 801.

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

Legal Authority: 12 USC 93a; 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. This change 
involves the implementation of the new

[[Page 23027]]

framework for the Basel Capital Accord (Basel II). OCC is conducting 
this rulemaking jointly with the other Federal Banking Agencies. In 
addition, the Federal Banking Agencies also have published for comment 
additional proposed Basel II Guidance. See 72 FR 9084 (February 28, 
2007).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           08/04/03                    68 FR 45900
NPRM                            09/25/06                    71 FR 55830
NPRM Comment Period End         01/23/07
NPRM Comment Period Extended 
From 01/23/2007 to 03/26/2007   12/26/06                    71 FR 77518
Final Action                    06/00/07

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-AC91
_______________________________________________________________________




2232. RISK-BASED CAPITAL GUIDELINES; CAPITAL ADEQUACY GUIDELINES; 
CAPITAL MAINTENANCE: DOMESTIC CAPITAL MODIFICATIONS (BASEL IA)

Priority: Economically Significant. Major under 5 USC 801.

Legal Authority: 12 USC 93a; 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 the 
capital standards to enhance their risk sensitivity and ensure the 
safety and soundness of the national banking system, OCC is proposing 
to amend various provisions of the capital rules. This change involves 
amending the current risk-based capital rules for those banks that will 
not be subject to 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                           10/20/05                    70 FR 61068
ANPRM Comment Period End        01/18/06
NPRM                            12/26/06                    71 FR 77446
NPRM Comment Period End         03/26/07
Final Action                    06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Carl Kaminski, 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-AC95
_______________________________________________________________________




2233. RISK-BASED CAPITAL STANDARDS: MARKET RISK

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1 et seq; 12 USC 93a; 12 USC 161; 12 USC 1818; 
12 USC 3907; 12 USC 3909

CFR Citation: 12 CFR 3

Legal Deadline: None

Abstract: As part of the ongoing effort to implement the Basel II 
capital framework, the OCC is proposing to amend the current market 
risk capital requirements for national banks. See the International 
Convergence of Capital Measurement and Capital Standards: A Revised 
Framework (June 2004) and the Application of Basel II to Trading 
Activities and the Treatment of Double Default (April 2005). This 
proposal is part of a joint Agency notice of proposed rulemaking with 
the other Federal Banking Agencies to make the current market risk 
capital requirements generally more risk sensitive for trading 
activities in banks and bank holding companies. Specifically, the 
Federal Banking Agencies propose to require banks to hold additional 
capital for the risk of default of trading positions beyond the 10-day 
horizon currently required by the current market risk capital 
requirement. A bank may develop its own approach or use an approach 
similar to that for credit risk of its non-trading positions to 
calculate the capital charge.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/25/06                    71 FR 55958
NPRM Comment Period End         01/23/07
Final Action                    06/00/07

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]

RIN: 1557-AC99
_______________________________________________________________________




2234. [bull] EXPANDED EXAMINATION CYCLE FOR CERTAIN SMALL INSURED 
DEPOSITORY INSTITUTIONS AND U.S. BRANCHES AND AGENCIES OF FOREIGN BANKS

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 93a; 5 USC 552; E.O. 12600; 5 USC 301; 12 USC 
161; 12 USC 481 to 482; 12 USC 484(a); 12 USC 1442; 12 USC 1817(a)(3); 
12 USC 1818(u) to 1818(v); 12 USC 1820(d)(6); 12 USC 1820(k); 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); 18 USC 641; 18 USC 1905 to 
1906; 29 USC 1204; 31 USC 9701; 42 USC 3601; 44 USC 3506; 44 USC 3510; 
12 USC 1833e

CFR Citation: 12 CFR 4

Legal Deadline: None

Abstract: The OCC plans to use an interim final rule to amend 12 CFR 
part 4, the rule concerning the frequency of examination of national 
banks. The interim rule will implement section 605 of the Financial 
Services Regulatory Relief Act of 2006, Pub. L. No. 109-351, 120 Stat. 
1966 (2006)(FSRRA), and conforming amendments made in H.R. 6345, Pub. 
L. No. 109-473, 120 Stat.

[[Page 23028]]

3561 (2007). Section 605 of the FSRRA increased the availability of the 
extended 18-month examination cycle to well-qualified banks, e.g. those 
that are well-managed and well-capitalized, with composite Uniform 
Financial Institutions Rating System (UFIRS) supervisory ratings of 
``outstanding'' (UFIRS 1) and assets of $500 million or less. Under the 
current version of Part 4, extended examination cycles are only 
available to well-qualified banks with assets of $250 million or less. 
OCC would revise part 4 to raise that figure to $500 million. The 
interim rule will also implement the discretion granted the OCC in H.R. 
6345 to permit well-qualified banks with $500 million or less in total 
assets and composite ratings of ``good'' (UFIRS 1 or 2) to qualify for 
an 18-month examination cycle. The interim rule will define the term 
``well managed'' to mean a bank with a UFIRS rating of 1 or 2 for 
management in the bank's latest supervisory review.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              04/00/07

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-AD02
_______________________________________________________________________


Department of the Treasury (TREAS)                    Long-Term Actions


Comptroller of the Currency (OCC)



_______________________________________________________________________




2235. 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

Government Levels Affected: None

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

RIN: 1557-AB93
_______________________________________________________________________




2236. [bull] MANAGEMENT OFFICIAL INTERLOCKS

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 93a; 12 USC 3201 to 3208

CFR Citation: 12 CFR 26

Legal Deadline: None

Abstract: OCC, along with the Board of Governors of the Federal Reserve 
System, the Federal Deposit Insurance Corporation, the Office of Thrift 
Supervision are amending their rules regarding management interlocks to 
implement section 610 of the Financial Services Regulatory Relief Act 
of 2006 and to correct an inaccurate cross-reference in their existing 
regulations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              01/11/07                     72 FR 1274
Interim Final Rule Effective    01/11/07
Interim Final Rule Comment 
Period End                      02/12/07
Final Action                     To Be                       Determined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1557-AD01
_______________________________________________________________________


Department of the Treasury (TREAS)                    Completed Actions


Comptroller of the Currency (OCC)



_______________________________________________________________________




2237. [bull] COMMUNITY REINVESTMENT ACT REGULATIONS

Priority: Substantive, Nonsignificant

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

CFR Citation: 12 CFR 25

Legal Deadline: None

Abstract: OCC, along with the Board of Governors of the Federal Reserve 
System, the Federal Deposit Insurance Corporation, the Office of Thrift 
Supervision issued a joint final rule to reinsert a provision that was 
removed in August 2005. The agencies also
amended their CRA regulations to increase the asset-size threshold to 
be used to define ``small bank'' and ``intermediate small bank.''

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    12/29/06                    71 FR 78335
Final Action Effective          01/01/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Margaret Hesse, Special Counsel, Department of the 
Treasury, Comptroller of the Currency, Community and Consumer Law 
Division, 250 E Street SW., Washington, DC 20219

[[Page 23029]]

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

RIN: 1557-AD00
BILLING CODE 4830--01--S
_______________________________________________________________________


Department of the Treasury (TREAS)                        Prerule Stage


Internal Revenue Service (IRS)



_______________________________________________________________________




2238. [bull] IMPOSITION OF WITHHOLDING ON CERTAIN PAYMENTS MADE BY 
GOVERNMENT ENTITIES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 3402(t); 26 USC 7805

CFR Citation: 26 CFR 24.3402(t)

Legal Deadline: None

Abstract: Section 3402(t)was enacted by the Tax Increase Prevention & 
reconciliation Act of 2005 to require certain governmental entities to 
withhold on certain payments for ervice property.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           07/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Federal, Local, State

Federalism:  Undetermined

Additional Information: REG-58747-06
Drafting attorney: Stephen J. Coleman (202) 622-3228
Reviewing attorney: James Gibbons (202) 622-4910
CC: PA: APJ

Agency Contact: Stephen J. Coleman, Attorney-Advisor (Tax), Department 
of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3228
Email: [email protected]

RIN: 1545-BG45
_______________________________________________________________________


Department of the Treasury (TREAS)                  Proposed Rule Stage


Internal Revenue Service (IRS)



_______________________________________________________________________




2239. INCOME TAX--TAXPAYER'S OBLIGATION TO FILE A NOTICE OF 
REDETERMINATION OF FOREIGN TAX AND CIVIL PENALTIES FOR FAILURE TO FILE

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 905; 26 USC 6689

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

Legal Deadline: None

Abstract: The regulations will establish procedures for taxpayers by 
which they must notify the IRS of a change in foreign tax liability for 
a taxable year for which they claimed the foreign tax credit. In 
addition, the regulations set forth deadlines for compliance with the 
notification requirements; failure to meet those deadlines may result 
in the imposition of penalties.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/23/88                    53 FR 23659
Second NPRM                     04/00/07
Final Action                    04/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-209020-86 (INTL-061-86)
Drafting attorney: Teresa B. Hughes (202) 622-3850
Reviewing attorney: Ginny Y. Chung (202) 622-3850
Treasury attorney: Jesse Eggert (202) 622-1540
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
Fax: 202 622-4476
Email: [email protected]

RIN: 1545-AC09
_______________________________________________________________________




2240. CLARIFICATION OF TREATMENT OF SEPARATE LIMITATION LOSSES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-209044-89 (INTL-338-89)
Drafting attorney: Jeffrey L. Parry (202) 622-3850
Reviewing attorney: Bethany Ingwalson (202) 622-3850
CC:INTL

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

RIN: 1545-AM11

[[Page 23030]]

_______________________________________________________________________




2241. 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                            12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

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

RIN: 1545-AM97
_______________________________________________________________________




2242. 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                            12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-208980-89 (INTL-765-89)
Drafting attorney: Ethan A. Atticks (202) 622-3840
Reviewing attorney: Phyllis Marcus (202) 622-3840
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-AO25
_______________________________________________________________________




2243. 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                     12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-208299-90 (INTL-70-90)
Drafting attorney: Gregory A. Spring (202) 622-3870
Reviewing attorney: Paul S. Epstein (202) 622-3870
Treasury attorney: Jesse Eggert (202) 622-1540
CC:INTL

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

RIN: 1545-AP01
_______________________________________________________________________




2244. DEFINITION OF ``HIGHLY COMPENSATED EMPLOYEE''

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 414

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations define the term ``highly compensated 
employee'' under section 414(q) of the Code. Temporary and proposed 
regulations, under sections 414(q) and 414(s), were published February 
19, 1988 (53 FR 4965). Final regulations, under section 414(s), were 
published September 19, 1991 (56 FR 47659), under project EE-129-86. 
The regulations under 414(q) were split off from project EE-129-86. It 
is anticipated that proposed regulations under section 414(q) will be 
published in the future under project REG-209558-92 (EE-32-92).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/19/88                     53 FR 4999
NPRM Comment Period End         04/19/88
Partially Closed by TD 8548     06/27/94                    59 FR 32911
NPRM                            12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Local, State

Federalism:  Undetermined

Additional Information: REG-209558-92
Drafting attorney: Christopher A. Crouch (202) 622-6090
Reviewing attorney: E. Preston Rutledge (202) 622-6090
Treasury attorney: W. Thomas Reeder (202) 622-1341
CC: TEGE

Agency Contact: Christopher A. Crouch, Attorney Advisor, Department of 
the Treasury, Internal Revenue

[[Page 23031]]

Service, 1111 Constitution Avenue NW, Washington, DC 20224
Phone: 202 622-6090
Fax: 202 927-1851
Email: [email protected]

RIN: 1545-AQ74
_______________________________________________________________________




2245. 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                            12/00/07

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
CC:INTL

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

RIN: 1545-AR20
_______________________________________________________________________




2246. APPLICATION OF ATTRIBUTION RULES TO FOREIGN TRUSTS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Federalism:  Undetermined

Additional Information: REG-252774-96
Drafting attorney: M. Grace Fleeman (202) 622-3880
Reviewing attorney: Elizabeth Karzon (202) 622-3880
CC:INTL

Agency Contact: M. Grace Fleeman, Senior Technical Reviewer, Department 
of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3880

RIN: 1545-AU91
_______________________________________________________________________




2247. 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: Section 6159 of the Internal Revenue Code allows the IRS to 
enter into agreements with taxpayers for the payment of tax liabilities 
in installments. The principal purpose of this project is to update the 
regulations under section 6159 to reflect various amendments to that 
section and related statutes. The proposed regulations govern the 
acceptance and rejection of installment agreements, the terms of those 
agreements and when they may be modified or terminated by the Service, 
and appeal procedures when the Service makes a rejection or termination 
decision.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/31/97                    62 FR 68241
Second NPRM                     01/21/98                     63 FR 3186
Third NPRM                      05/00/07

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: William Beard, Senior Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4173
Fax: 202 622-8882
Email: [email protected]

RIN: 1545-AU97
_______________________________________________________________________




2248. 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                            12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

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

[[Page 23032]]

_______________________________________________________________________




2249. CONSTRUCTIVE SALES OF APPRECIATED FINANCIAL POSITIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/00/07

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected:  Businesses, Organizations

Government Levels Affected: None

Additional Information: REG-102191-98
Drafting attorney: Kathleen A. Sleeth (202) 622-3920
Reviewing attorney: Elizabeth A. Handler (202) 622-3157
Treasury attorney: Michael Novey (202) 622-1339
CC:FI

Agency Contact: Kathleen A. Sleeth, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3920
Email: [email protected]

RIN: 1545-AW97
_______________________________________________________________________




2250. 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                            12/00/07

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-115557-98
Drafting attorney: Patricia A. Bray (202) 622-3880
Reviewing attorney: Edward R. Barret (202) 622-3880
Treasury attorney: Jesse Eggert (202) 622-1540
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
_______________________________________________________________________




2251. 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
Second NPRM                     06/00/07

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: Dennis Tingey (202) 622-1335
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
_______________________________________________________________________




2252. INSPECTION OF WRITTEN DETERMINATIONS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 301

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/07

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: Eric San Juan (202) 622-0224
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
_______________________________________________________________________




2253. 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                            06/00/07

[[Page 23033]]

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
_______________________________________________________________________




2254. MODIFICATION TO SECTION 367(A) STOCK TRANSFER REGULATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 367; 26 USC 7805

CFR Citation: 26 CFR 1; 26 CFR 602

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-116053-99
Drafting attorney: Daniel M. McCall (202) 622-3860
Reviewing attorney: Charles Besecky (202) 622-3860
CC: INTL

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

RIN: 1545-AX77
_______________________________________________________________________




2255. 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                            12/00/07

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
_______________________________________________________________________




2256. CLARIFICATION OF FOREIGN BASE 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 will clarify application of the manufaturing 
exception in the foreign base company sales rules.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-106356-00
Drafting attorney: Ethan A. Atticks (202) 622-3840
Reviewing attorney: Phyllis E. Marcus (202) 622-3840
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-AX91
_______________________________________________________________________




2257. TAXABLE YEARS OF CONTROLLED FOREIGN CORPORATIONS (CFCS)

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                            12/00/07

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

[[Page 23034]]

Phone: 202 622-3840

RIN: 1545-AY30
_______________________________________________________________________




2258. 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                            12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-107580-00
Drafting attorney: Leo F. Nolan II (202) 622-4970
Reviewing attorney: Jeffery G. Mitchell (202) 622-4970
Treasury attorney: Sharon Kay (202) 622-0865
CC:ITA

Agency Contact: Leo F. Nolan II, General Attorney (Tax), Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue, NW, 
Washington, DC 20224
Phone: 202 622-4970
Email: [email protected]

RIN: 1545-AY39
_______________________________________________________________________




2259. 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                            12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Federalism:  Undetermined

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

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

RIN: 1545-AY41
_______________________________________________________________________




2260. LIABILITIES ASSUMED IN CERTAIN CORPORATE TRANSACTIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 357; 26 USC 7805

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                            12/00/07

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
Fax: 202 622-4111
Email: [email protected]

RIN: 1545-AY74
_______________________________________________________________________




2261. DISCLOSURE OF RETURNS AND RETURN INFORMATION IN JUDICIAL AND 
ADMINISTRATIVE TAX PROCEEDINGS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 6103; 26 USC 7805

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                            06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-120297-01
Drafting attorney: Sarah Tate (202) 622-4570
Reviewing attorney: Donald M. Squires (202) 622-4570
Treasury attorney: Anita Soucy (202) 622-1766
CC: PA: DPL

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

RIN: 1545-AY89
_______________________________________________________________________




2262. 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.

[[Page 23035]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/00/07

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
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
Email: [email protected]

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




2263. 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                            12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

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

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

RIN: 1545-BA13
_______________________________________________________________________




2264. 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                            06/00/07

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
Fax: 202 622-4476
Email: [email protected]

RIN: 1545-BA64
_______________________________________________________________________




2265. 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                            06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-131999-02
Drafting attorney: Richard T. Probst (202) 622-3060
Reviewing attorney: James A. Quinn (202) 622-3060
CC: PSI

Agency Contact: Richard T. Probst, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue, NW, 
Washington, DC 20224
Phone: 202 622-3060
Fax: 202 622-3484
Email: [email protected]

RIN: 1545-BA84
_______________________________________________________________________




2266. 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                            06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

[[Page 23036]]

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
Fax: 202 622-4476
Email: [email protected]

RIN: 1545-BB27
_______________________________________________________________________




2267. AMENDING THE LOW-INCOME HOUSING TAX CREDIT PROGRAM

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 42; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-151145-02
Drafting attorney: Jack Malgeri (202) 622-3040
Reviewing attorney: Paul Handleman (202) 622-3040
Treasury attorney: Sharon Kay (202) 622-0865
CC:PSI

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

RIN: 1545-BB37
_______________________________________________________________________




2268. 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                            06/00/07

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: Paul S. Epstein (202) 622-3870
CC:INTL

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

RIN: 1545-BB56
_______________________________________________________________________




2269. 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. The regulations will provide 
rules relating to the loss allowed on a disposition of subsidiary and 
stock, to the reduction of the subsidiary's attributes.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/23/07                     72 FR 2964
NPRM Comment Period End         04/23/07
Final Action                    06/00/08

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-157711-02
Drafting attorney: Phoebe Bennett (202) 622-7770
Reviewing attorney: Theresa Abell (202) 622-7700
CC: COR

Agency Contact: Phoebe Bennett, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue, NW, Washington, DC 
20224
Phone: 202 622-7770
Fax: 202 622-0477
Email: [email protected]

RIN: 1545-BB61
_______________________________________________________________________




2270. LIQUIDATION OF AN INTEREST

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 2704(b); 26 USC 7805

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                            12/00/07

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

[[Page 23037]]

_______________________________________________________________________




2271. UTILITY ALLOWANCE REGULATION UPDATE

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 42; 26 USC 7805

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                            06/00/07

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
_______________________________________________________________________




2272. 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                            12/00/07

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: Michael Novey (202) 622-1339
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
_______________________________________________________________________




2273. COORDINATION OF UNITED STATES AND CERTAIN POSSESSIONS INCOME TAXES

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1; 26 CFR 301

Legal Deadline: None

Abstract: Internal Revenue Code section 7654 contains provisions for 
coordination of United States and certain possessions income taxes. 
Specifically, section 7654 provides for ``cover over'' of the net 
collection of taxes imposed under chapter 1 or deducted and withheld 
under chapter 24. Section 7654 of the Internal Revenue Code of 1986 
provides specific rules for cover over with regard to the possessions 
American Samoa and the U.S. Virgin Islands.
Section 7654 of the 1954 Code, as amended in 1972 by Public Law 92-606, 
provides specific rules for cover over with regard to the possessions 
Guam and the Northern Mariana Islands (NMI). Section 7654 of the 1954 
Code remains applicable to Guam and the NMI because neither of these 
two possessions has an effective implementing agreement with the United 
States, in accordance with the Tax Reform Act of 1986, Public Law 99-
514.
The regulations will provide rules under both the 1954 Code and the 
1986 Code versions of section 7654.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/07

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-139900-03
Drafting attorney: Javier G. Salinas (202) 435-5262
Reviewing attorney: Ricardo A. Cadenas (202) 435-5262
Treasury attorney: Gretchen Sierra (202) 622-1755
CC: INTL

Agency Contact: Javier G. Salinas, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 435-5262

Related RIN: Related to 1545-BD32
RIN: 1545-BC54
_______________________________________________________________________




2274. 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; 26 USC 7805

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.

[[Page 23038]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/31/03                    68 FR 44905
Second NPRM                     05/00/07

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: Peter J. Devlin (202) 622-3600
Treasury attorney: Anita Soucy (202) 622-1766
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
_______________________________________________________________________




2275. 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                            04/00/07

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
_______________________________________________________________________




2276. 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 expenditure and 
use of proceeds, coordinate and make consistent provisions regarding 
determination of credit rate and maturity date. It will provide for 
remedial action in case of change in use of bond proceeds. The 
regulations will also implement the arbitrage and reporting 
requirements.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/26/04                    69 FR 15747
Public Hearing                  07/21/04
Second NPRM                     06/00/07

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) 622-3980
Reviewing attorney: Timothy L. Jones (202) 622-3701
CC: TEGE

Agency Contact: Zoran Stojanovic, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3980
Fax: 202 622-4437
Email: [email protected]

RIN: 1545-BC61
_______________________________________________________________________




2277. 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 relate to the Federal income tax 
consequences of certain below-market loans.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-209226-84
Drafting attorney: Shawn R. Tetelman (202) 622-3930
Reviewing attorney: David B. Silber (202) 622-3930
Treasury attorney: Michael Novey (202) 622-1339
CC:FI

Agency Contact: Shawn R. Tetelman, General Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue, NW, 
Washington, DC 20224
Phone: 202 622-3930
Email: [email protected]

RIN: 1545-BC78
_______________________________________________________________________




2278. 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; 26 USC 7805

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

[[Page 23039]]

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                            12/00/07

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
_______________________________________________________________________




2279. 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                            06/00/07

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
Treasury attorneys: Michael 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-BC83
_______________________________________________________________________




2280. 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                            05/00/07

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: Stephen P. Fattman (202) 622-7700
Treasury attorney: Marc Countryman (202) 622-9858
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
_______________________________________________________________________




2281. ACCUMULATED ADJUSTMENT ACCOUNT AND OTHER CORPORATE SEPARATIONS 
UNDER SECTION 355

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 will amend the current regulations 
under section 1.1368-2 in order to address the proper treatment of an S 
corporation's accumulated adjustment account in a section 355 
transaction not preceded by a section 368(a)(1)(D) reorganization.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-168722-03
Drafting attorney: Deane M. Burke (202) 622-3070
Reviewing attorney: James Quinn (202) 622-3070
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-BC98
_______________________________________________________________________




2282. SUPPORT TEST IN THE CASE OF A CHILD OF DIVORCED PARENTS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 152; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/07

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

[[Page 23040]]

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
_______________________________________________________________________




2283. 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 December 15, 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). (Temporary rules provided in Notice 2003-79 were 
subsequently extended by Notice 2004-71, published on November 8, 2004, 
and by Notice 2006-3, published January 17, 2006.) 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                            12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-107420-04
Drafting attorney: Ana C. Guzman (202) 622-3880
Reviewing attorney: Edward R. Barret (202) 622-3880
CC:INTL

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

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-BD15
_______________________________________________________________________




2284. 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                            09/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-106679-04
Drafting attorney: Kathleen A. Sleeth (202) 622-3920
Reviewing attorney: Elizabeth A. Handler (202) 622-3157
Treasury attorney: Michael Novey (202) 622-1339
CC:FI

Agency Contact: Kathleen A. Sleeth, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3920
Email: [email protected]

RIN: 1545-BD18
_______________________________________________________________________




2285. SECTION 42 QUALIFIED CONTRACT PROVISIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 42; 26 USC 7805

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                            06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Additional Information: REG-114084-04
Drafting attorney: Jack Malgeri (202) 622-3040
Reviewing attorney: Susan Reaman (202) 622-3040
Treasury reviewer: Sharon Kay (202) 622-0865
CC: PSI

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

RIN: 1545-BD20
_______________________________________________________________________




2286. PAYMENTS FOR WHICH NO RETURN OF INFORMATION IS REQUIRED UNDER 
SECTION 6041

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

Legal Authority: 26 USC 6041; 26 USC 7805

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                            12/00/07

Regulatory Flexibility Analysis Required: No

[[Page 23041]]

Small Entities Affected: No

Government Levels Affected: None

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

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

RIN: 1545-BD21
_______________________________________________________________________




2287. 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                            12/00/07

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
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
_______________________________________________________________________




2288. TRANSFERS OF RESTRICTED STOCK

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 83; 26 USC 7805

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                            12/00/07

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, Room 
4030, Washington, DC 20224
Phone: 202 622-6030
Fax: 202 622-7865
Email: [email protected]

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




2289. CLASSIFICATION OF INDIAN TRIBAL CORPORATIONS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7701; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulation will provide guidance regarding classification 
of Indian Tribal Corporations for Federal tax purposes.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/07

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Federalism:  Undetermined

Additional Information: REG-136069-04
Drafting attorney: Steven A. Schmoll (202) 622-3050
Reviewing attorney: Dianna K. Miosi (202) 622-3050
CC:PSI

Agency Contact: Steven A. Schmoll, Attorney - Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue, NW, 
Washington, DC 20224
Phone: 202 622-3050
Email: [email protected]

RIN: 1545-BD61
_______________________________________________________________________




2290. DECLARATORY JUDGMENT--GIFT TAX VALUE

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7477; 26 USC 7805

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                            06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Federalism:  Undetermined

Additional Information: REG-143716-04
Drafting attorney: William L. Blodgett (202) 622-3090
Reviewing attorney: George L. Masnik (202) 622-3090
Treasury attorney: Catherine Hughes (202) 622-9407
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

RIN: 1545-BD67

[[Page 23042]]

_______________________________________________________________________




2291. REGULATIONS UNDER SECTION 706 REGARDING DETERMINATION OF 
DISTRIBUTIVE SHARES WHEN A PARTNER'S INTEREST CHANGES

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 706; 26 USC 7805

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                            06/00/07

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: Dianna K. Miosi (202) 622-3050
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
_______________________________________________________________________




2292. 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                            04/12/07                    72 FR 18417
NPRM Comment Period End         07/11/07
Final Action                    12/00/07

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: William Bowers (202) 622-5721
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
_______________________________________________________________________




2293. GUIDANCE UNDER SECTION 707(C) REGARDING GUARANTEED PAYMENTS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 707; 26 USC 7805

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                            12/00/07

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 R. Haglund (202) 622-3050
Treasury attorney: William Bowers (202) 622-5721
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
_______________________________________________________________________




2294. 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); 26 USC 7805

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 procedurally change 
their accounting methods 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); and reordering, simplifying, and indexing Treasury 
Regulation sections 1.381 (c)(4) and (5).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-151884-03 and REG-151887-03
Drafting attorney: Cheryl L. Oseekey (202) 622-4970
Reviewing attorney: Roy A. Hirschhorn (202) 622-4970
Treasury attorney: Sharon Kay (202) 622-0865
CC: ITA

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

RIN: 1545-BD81

[[Page 23043]]

_______________________________________________________________________




2295. 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); 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The IRS and Treasury Department intend 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                            12/00/07

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 attorneys: Sharon Kay (202) 622-0865
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
_______________________________________________________________________




2296. 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: The 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 sells, exchange, or distributes 
such an interest may elect to treat the transaction as a disposition of 
the assets of such other corporation.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-143544-04
Drafting attorney: Mark Weiss (202) 622-7790
Reviewing attorney: Ken Cohen (202) 622-7790
CC: COR

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

RIN: 1545-BD84
_______________________________________________________________________




2297. DEFINITION OF THE ``DUE DATE'' FOR PURPOSES OF CALCULATING 
OVERPAYMENT INTEREST UNDER SECTION 301.6611(H)

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 6611; 26 USC 7805

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: These regulations will amend 26 CFR section 301.6611-1(h) to 
clarify the allowance for overpayment interest in cases in which an 
overpayment is credited against an underpayment.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-148576-04
Drafting attorney: Timothy S. Sheppard (202) 622-4910
Reviewing attorney: Pamela W. Fuller (202) 622-4910
CC: PA: APJ

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

RIN: 1545-BD86
_______________________________________________________________________




2298. 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 and other excise 
taxes related to taxable fuels.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/07

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Federalism:  Undetermined

Additional Information: REG-153838-04
Drafting attorney: Deborah J. Karet (202) 622-3130
Reviewing attorneys: Frank K. Boland (202) 622-3130 and
 Curt G. Wilson (202) 622-3000
Treasury attorney: John Parcell (202) 622-2578
CC: PSI

Agency Contact: Deborah J. Karet, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3130
Email: [email protected]

RIN: 1545-BE03
_______________________________________________________________________




2299. INTRA-GROUP GROSS RECEIPTS UNDER SECTION 41

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 41; 26 USC 7805

[[Page 23044]]

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                            06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Additional Information: REG-159420-04
Drafting attorney: Jaime C. Park (202) 622-3120
Reviewing attorney: Brenda M. Stewart (202) 622-3120
Treasury attorney: Sharon Kay (202) 622-0865
CC: PSI

Agency Contact: Jaime C. Park, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave NW, Washington, DC 
20024
Phone: 202 622-3120
Email: [email protected]

RIN: 1545-BE14
_______________________________________________________________________




2300. FARMER AND FISHERMAN INCOME AVERAGING UNDER THE AMERICAN JOBS 
CREATION ACT OF 2004 (AJCA)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 1301; 26 USC 7805

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                            06/00/07

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-161695-04
Drafting attorney: Amy J. Pfalzgraf (202) 622-4960
Treasury attorney: John Parcell (202) 622-2578
CC: ITA

Agency Contact: Amy J. Pfalzgraf, Senior Counsel, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4960
Email: [email protected]

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




2301. 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                            10/00/07

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Federalism:  Undetermined

Additional Information: REG-103380-05
Drafting attorney: Celia A. Gabrysh (202) 622-3130
Reviewing attorneys: Barbara B. Franklin (202) 622-3130 and
 Curt G. Wilson (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
_______________________________________________________________________




2302. RELEASE OF LIEN OR DISCHARGE OF PROPERTY

Priority: Info./Admin./Other

Legal Authority: 26 USC 6325; 26 USC 6503; 26 USC 7426; 26 USC 7805

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, giving third-party owners of 
property administrative and judicial remedies to discharge tax liens 
from their property.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/11/07                     72 FR 1301
NPRM Comment Period End         04/11/07

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: 202 622-7985
Email: [email protected]

RIN: 1545-BE35
_______________________________________________________________________




2303. RESEARCH EXPENDITURES RESULTING IN INVENTORY PROPERTY

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 174; 26 USC 7805

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.

[[Page 23045]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Additional Information: REG-124148-05
Drafting attorney: Jaime C. Park (202) 622-3120
Reviewing attorney: Brenda M. Stewart (202) 622-3120
Treasury attorney: Sharon Kay (202) 622-0865
CC: PSI

Agency Contact: Jaime C. Park, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave NW, Washington, DC 
20024
Phone: 202 622-3120
Email: [email protected]

RIN: 1545-BE64
_______________________________________________________________________




2304. 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                            12/00/07

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 Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-6090
Fax: 202 927-1851
Email: [email protected]

RIN: 1545-BE69
_______________________________________________________________________




2305. INFORMATION REPORTING ON REAL ESTATE TRANSACTIONS

Priority: Info./Admin./Other

Legal Authority: 26 USC 6011; 26 USC 6045; 26 USC 7805

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 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                            12/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-155669-04
Drafting attorney: Julie Hanlon-Bolton (202) 622-7028
Reviewing attorney: James C. Gibbons (202) 622-4910
CC: PA: APJ

Agency Contact: Julie Hanlon-Bolton, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave, NW, 
Washington, DC 20224
Phone: 202 622-7028
Email: [email protected]

RIN: 1545-BE73
_______________________________________________________________________




2306. START-UP AND ORGANIZATIONAL EXPENDITURES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 195; 26 USC 248; 26 USC 709; 26 USC 7805

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                            06/00/07

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: Sharon Kay (202) 622-0865
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

RIN: 1545-BE77
_______________________________________________________________________




2307. 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(g); 26 USC 166; 26 USC 7805; 26 USC 332

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:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/07

[[Page 23046]]

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-101001-05
Drafting attorney: Sean M. Dwyer (202) 622-5020
Reviewing attorney: Andrew M. Irving (202) 622-5020
CC: ITA

Agency Contact: Sean M. Dwyer, General Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-5020

RIN: 1545-BE80
_______________________________________________________________________




2308. 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 45D 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                            06/00/07

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

Agency Contact: Lauren R. Taylor, General Attorney (Tax), Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Room 5111, Washington, DC 20224
Phone: 202 622-3040
Fax: 202 622-4753
Email: [email protected]

RIN: 1545-BE89
_______________________________________________________________________




2309. S CORPORATION GUIDANCE UNDER AMERICAN JOBS CREATION ACT OF 2004

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 1361; 26 USC 1362; 26 USC 1366; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation revises S corporation regulations under 
section 1361 and other affected code sections to reflect provisions of 
(AJCA) ``American Jobs Creation Act of 2004'' & (GOZA) Gulf Opportunity 
Zone Act, including family shareholder rules under Act section 231; 
also updates or replaces obsolete references in regulations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/07

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
Reviewing attorney: John T. Hines (202) 622-3060
CC: PSI

Agency Contact: Bradford R. Poston, Senior Counsel, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room 
5015, Washington, DC 20224
Phone: 202 622-3060
Fax: 202 622-3484
Email: [email protected]

RIN: 1545-BE95
_______________________________________________________________________




2310. 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                            06/00/07

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected:  Businesses

Government Levels Affected: None

Additional Information: REG-143453-05
Drafting attorney: Douglas Kim (202) 622-3110
Reviewing attorney: Kathleen Reed (202) 622-3110
Treasury attorney: John Parcell (202) 622-2578
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-BE97
RIN: 1545-BE96
_______________________________________________________________________




2311. 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 regulations intend 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                            06/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Undetermined

[[Page 23047]]

Federalism:  Undetermined

Additional Information: REG-144468-05
Drafting attorneys: Barbara J. Campbell and 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

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

RIN: 1545-BE98
_______________________________________________________________________




2312. 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                            06/00/07

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: William Bowers (202) 622-5721
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

Heather L. Faught, Attorney-Advisor, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 
20224
Phone: 202 622-3060

RIN: 1545-BE99
_______________________________________________________________________




2313. CAFETERIA PLANS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 125; 26 USC 7805

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                            06/00/07

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-BF01
RIN: 1545-BF00
_______________________________________________________________________




2314. ELECTION TO EXPENSE CERTAIN REFINERIES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 179C

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Provide guidance under section 179C of the Internal Revenue 
Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/07

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected:  Businesses

Government Levels Affected: None

Additional Information: REG-146895-05
Drafting attorney: Ruba Nasrallah (202) 622-3110
Reviewing attorney: Kathleen Reed (202) 622-3110
Treasury attorney: John Parcell (202) 622-2578
CC: PSI

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

Related RIN: Related to 1545-BF06
RIN: 1545-BF05
_______________________________________________________________________




2315. CREDIT CARD CLAIMS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 6416

CFR Citation: 26 CFR 48

Legal Deadline: None

Abstract: Refunds of excise taxes on exempt sales of fuel by credit 
card.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Additional Information: REG-147282-05
Drafting attorney: Taylor Cortright (202) 622-3130
Reviewing attorneys: Frank Boland (202) 622-3130 and Curt Wilson (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

[[Page 23048]]

Constitution Avenue NW, Room 5314, Washington, DC 20224
Phone: 202 622-7055

RIN: 1545-BF07
_______________________________________________________________________




2316. NUCLEAR DECOMMISSIONING COST

Priority: Substantive, Nonsignificant

Legal Authority: Not Yet Determined

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: Proposed regulations under the Energy Tax Incentives Act of 
2005 concerning nuclear decommissioning costs.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-147290-05
Drafting attorney: Bernard P. Harvey (202) 622-3110
Reviewing attorney: Peter C. Friedman (202) 622-3110
Treasury attorney: John Parcell (202) 622-2578
CC: PSI

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

Related RIN: Related to 1545-BF09
RIN: 1545-BF08
_______________________________________________________________________




2317. CLEAN RENEWABLE ENERGY BONDS

Priority: Substantive, Nonsignificant

Legal Authority: PL 109-58 sec 1303(d); 26 USC 54

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Section 54 of the Code allows certain specified entities to 
issue Clean Renewable Energy Bonds. Taxpayers who purchase these bonds 
are entitled to a credit against income tax in lieu of receiving 
interest payments from the Clean Renewable Energy Bond issuers. These 
regulations explain the requirements for issuing the bonds and for 
claiming the tax credit.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: Local, State, Tribal

Additional Information: REG-148071-05
Drafting attorney: Aviva M. Roth (202) 622-3980
Reviewing attorney: Timothy L. Jones (202) 622-1380
Treasury attorney: John Cross (202) 622-1322
CC: TEGE

Agency Contact: Aviva M. Roth, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW, Room 4013, 
Washington, DC 20224
Phone: 202 622-3980
Email: [email protected]

Related RIN: Related to 1545-BF12
RIN: 1545-BF11
_______________________________________________________________________




2318. FEDERAL INCOME TAX CONSEQUENCES OF TRANSFERS BETWEEN AN INDIVIDUAL 
DEBTOR AND THE BANKRUPTCY ESTATE IN CASES UNDER CHAPTERS 7 AND 11 OF 
TITLE 11 OF THE UNITED STATES CODE

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The proposed notice of proposed rulemaking designates as non-
taxable certain asset transfers between individual debtors and their 
bankruptcy estates that occur at the commencement of the bankruptcy 
case, after commencement and before termination of the bankruptcy 
estate, and upon the termination of the estate. The regulations provide 
specific rules governing the succession of tax attributes by the estate 
and the debtor in connection with these non-taxable transfers. The 
regulations also define the section 1398 phrase ``termination of the 
estate.''

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-116372-03
Drafting attorney: Laurence K. Williams (202) 622-3600
Reviewing attorney: Pamela W. Fuller (202) 622-3600
Treasury attorney: Anita Soucy (202) 622-1766
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

RIN: 1545-BF13
_______________________________________________________________________




2319. ALCOHOL FUEL AND BIODIESEL

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

Legal Authority: 26 USC 6426; 26 USC 6427(e); 26 USC 40 A; 26 USC 40; 
26 USC 34; 26 USC 7805

CFR Citation: 48 CFR 6425; 48 CFR 6427

Legal Deadline: None

Abstract: Sections 40A, 6426, and 6427(e) were added to the Internal 
Revenue Code (Code) by the American Jobs Creation Act of 2004 (Pub. L. 
108-357)(ACT). The Act also amended section 40 of the Code. These Code 
provisions relate to credits for alcohol and biodiesel used as a fuel 
and credits and payments for alcohol fuel and biodiesel mixtures. The 
regulations will provide guidance on these Code sections.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/07

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected:  Businesses

Government Levels Affected: None

Additional Information: REG-155087-05
Drafting attorney: Susan Athy (202) 622-3130

[[Page 23049]]

Reviewing attorney: Frank Boland (202) 622-3130 and Curt Wilson (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-BF17
_______________________________________________________________________




2320. CREDIT FOR PRODUCTION FROM ADVANCED NUCLEAR POWER FACILITIES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 45J

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: Regulations will provide guidance for implementation of new 
section 45J; in particular, regulations will provide a certification 
process for approval and allocation of the National Megawatt 
Limitation.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Additional Information: REG-157616-05
Drafting attorney: Patrick S. Kirwan (202) 622-3110
Reviewing attorney: Peter Friedman (202) 622-3110
Treasury attorney: John Parcell (202) 622-2578
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
Email: [email protected]

Related RIN: Related to 1545-BF20
RIN: 1545-BF19
_______________________________________________________________________




2321. TAXPAYER ASSISTANCE ORDERS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7811 (a); 26 USC 7805

CFR Citation: 42 CFR 301

Legal Deadline: None

Abstract: Proposed amendments to Treasury Regulation section 301.7811-1 
to ensure that the regulation reflects amendments to section 7811 of 
the Internal Revenue Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-152166-05
Drafting attorney: Robin M. Tuczak (202) 622-3529
Reviewing attorney: Judith M. Wall (202) 622-8131
Treasury attorney: Anita Soucy (202) 622-1766
CC: NTA

Agency Contact: Robin Tuczak, Technical Advisor to the Special Counsel, 
Department of the Treasury, Internal Revenue Service, 1111 Constitution 
Avenue NW, Washington, DC 20224
Phone: 202 622-3529
Email: [email protected]

RIN: 1545-BF33
_______________________________________________________________________




2322. ENTERTAINMENT EXPENSE DISALLOWANCE

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Regulations implementing the JOBS Act 2004 amendments to 
section 274(e)(2) and (e)(9), regarding limitations on deductions for 
expenses for entertainment of specified individuals.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-147171-05
Drafting attorney: Michael A. Nixon (202) 622-4930
Reviewing attorney: George Baker (202) 622-4930
Treasury attorney: Eric San Juan (202) 622-0224
CC: ITA

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

RIN: 1545-BF34
_______________________________________________________________________




2323. FAILURE TO MAINTAIN LIST OF ADVISEES WITH RESPECT TO REPORTABLE 
TRANSACTIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 301.6708-1

Legal Deadline: None

Abstract: Proposed regulation regarding the penalty imposed under 
section 6708 for a person required to maintain a list under section 
6112 who fails to make the list available upon the request of the 
Secretary.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/07

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-160873-04
Drafting attorney: Lawrence E. Mack (202) 622-4940
Reviewing attorney: Nancy M. Galib (202) 622-8523
CC: PA: APJ

Agency Contact: Lawrence E. Mack, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224
Phone: 202 622-4940
Email: [email protected]

RIN: 1545-BF39

[[Page 23050]]

_______________________________________________________________________




2324. ACCURACY-RELATED PENALTIES

Priority: Substantive, Nonsignificant

Legal Authority: USC 6662A; USC 6662; USC 6664; 26 USC 7805

CFR Citation: 26 CFR 1.6662A; 26 CFR 1.6662; 26 CFR 1.6664

Legal Deadline: None

Abstract: Proposed regulations regarding the new provisions and 
amendments made to code sections 6662, 6662A, and 6664 by the American 
Jobs Creation Act of 2004 and the Gulf Opportunity Zone Act of 2005.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-160870-04
Drafting attorney: Laura R. Urich (202) 622-4940
Reviewing attorney: Ashton P. Trice (202) 622-4940
Treasury attorney: Mike Desmond (202) 622-1981
CC: PA: APJ

Agency Contact: Laura Rebecca Urich, Attorney Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4940
Fax: 202 622-1585
Email: [email protected]

RIN: 1545-BF40
_______________________________________________________________________




2325. TAXATION OF FRINGE BENEFITS AND EXCLUSIONS FROM GROSS INCOME OF 
CERTAIN FRINGE BENEFITS

Priority: Routine and Frequent

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1.61-21-(k)(6)(B)

Legal Deadline: None

Abstract: This proposed regulation contains proposed amendments to the 
fringe benefit regulations. Income Tax Regulation section 1.61-
21(k)(6)(B) is amended by removing a reference to section 414(q)(1)(C) 
of the Internal Revenue Code (Code) that no longer exists and replacing 
it with a reference to regulation section 1.61-21(f)(5)(i).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-162699-05
Drafting Paralegal: Eboni P. Stokes (202) 622-4783
Reviewing Branch Chief: Lynne A. Camillo (202) 622-6040
CC: TEGE

Agency Contact: Eboni Patrice Stokes, Paralegal Specialist, Department 
of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4783
Email: [email protected]

RIN: 1545-BF42
_______________________________________________________________________




2326. LIMITATION ON IMPORTATION OF BUILT-IN LOSSES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1.362-1

Legal Deadline: None

Abstract: These proposed regulations will provide guidance in adjusting 
basis to avoid the importation of built-in losses.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/07

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-161948-05
Drafting attorney: Joanne M. Fay (202) 622-8877
Reviewing attorney: Filiz A. Serbes (202) 622-3703
CC: COR

Agency Contact: Joanne M. Fay, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue, NW, Washington, DC 
20224
Phone: 202 622-8877
Email: [email protected]

RIN: 1545-BF43
_______________________________________________________________________




2327. FURTHER GUIDANCE REGARDING APPLICATION OF SECTION 409A

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 409A

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: Regulations regarding the measurement of income inclusion and 
calculation of applicable taxes under section 409A of the Internal 
Revenue Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/07

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Additional Information: REG-148326-05
Drafting attorney: Stephen B. Tackney (202) 622-6030
Treasury attorney: Dan Hogan (202) 622-1332
CC: TEGE

Agency Contact: Stephen B. Tackney, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room 
4030, Washington, DC 20224
Phone: 202 622-6030
Fax: 202 622-7865
Email: [email protected]

RIN: 1545-BF50
_______________________________________________________________________




2328. REQUIREMENTS FOR REORGANIZATIONS QUALIFYING UNDER SECTION 
368(A)(1)(E) OR (F)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation is intended to provide guidance regarding the 
requirements of a reorganization under section 368(a)(1)(F), the tax 
consequences of such a reorganization, and give examples of 
transactions so qualifying.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/07

Regulatory Flexibility Analysis Required: No

[[Page 23051]]

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-148532-05
Drafting attorney: Douglas C. Bates (202) 622-7550
Reviewing attorney: Debra L. 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
Fax: 202 622-4111
Email: [email protected]

Related RIN: Split from 1545-BD31
RIN: 1545-BF51
_______________________________________________________________________




2329. 475 HELD FOR INVESTMENT

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 475(b)

CFR Citation: 26 CFR Part 1

Legal Deadline: None

Abstract: Publication of notice of proposed rule-making relating to 
whether a security is held for investment and excluded from the 
application of section 475(a) of the Internal Revenue Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-253307-96
Drafting attorney: Lauren J. Medovoy (202) 622-3920
Reviewing attorney: Elizabeth Handler (202) 622-3920
Treasury attorney: Michael Novey (202) 622-1339
CC: FI

Agency Contact: Lauren J. Medovoy, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3920
Fax: 202 622-7970
Email: [email protected]

RIN: 1545-BF53
_______________________________________________________________________




2330. CHANGE TO OFFICE TO WHICH NOTICES OF NONJUDICIAL SALE AND REQUESTS 
FOR RETURN OF WRONGFULLY LEVIED PROPERTY MUST BE SENT

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6343; 26 USC 7425

CFR Citation: 26 CFR 301.6343-2; 26 CFR 301.7425-3

Legal Deadline: None

Abstract: These proposed amendments to the regulations provide guidance 
relating to the giving of notice of nonjudicial sales under section 
7425(b) of the Internal Revenue Code and requests for return of 
wrongfully levied property under section 6343(b) of the Internal 
Revenue Code. In order to account for the IRS's current organizational 
structure and to allow for future reorganizations of the IRS, the 
proposed regulations remove certain specific titles.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-148951-05
Drafting attorney: Robin M. Ferguson (202) 622-3610
Reviewing attorney: Mitch Hyman (202) 622-3610
Treasury attorney: Anita Soucy (202) 622-1766
CC: PA: CBS

Agency Contact: Robin M. Ferguson, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3610
Fax: 202 622-7561
Email: [email protected]

RIN: 1545-BF54
_______________________________________________________________________




2331. SECTION 6707 AND THE FAILURE TO FURNISH INFORMATION REGARDING 
REPORTABLE TRANSACTIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 301.6707-1; 26 CFR 1.6091-1

Legal Deadline: None

Abstract: Proposed regulations regarding the imposition of penalities 
under section 6707 of the Internal Revenue Code on material advisors 
who fail to file a return under section 6111(a) or file false or 
incomplete information with respect to a reportable transaction.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-160872-04
Drafting attorney: Matthew S. Cooper (202) 622-4940
Reviewing attorney: Ashton Trice (202) 622-4940
CC: PA: APJ

Agency Contact: Matthew S. Cooper, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room 
5135, Washington, DC 20224
Phone: 202 622-4940
Fax: 202 622-1585
Email: [email protected]

RIN: 1545-BF59
_______________________________________________________________________




2332. SECTION 6707A AND THE FAILURE TO INCLUDE ON ANY RETURN OR 
STATEMENT ANY INFORMATION REQUIRED TO BE DISCLOSED UNDER SECTION 6011 
WITH RESPECT TO A REPORTABLE TRANSACTION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 301.6707A-1

Legal Deadline: None

Abstract: Proposed regulations regarding the imposition of penalties 
under section 6707A of the Internal Revenue Code for the failure to 
include on any return or statement any

[[Page 23052]]

information required to be disclosed under section 6011 with respect to 
a reportable transaction.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-160868-04
Drafting attorney: Dillon J. Taylor (202) 622-4940
Reviewing attorney: Ashton Trice (202) 622-4940
CC: PA: APJ

Agency Contact: Dillon Taylor, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW, Room 5127, 
Washington, DC 20224
Phone: 202 622-4940
Fax: 202 622-1585
Email: [email protected]

Related RIN: Related to 1545-BF62
RIN: 1545-BF61
_______________________________________________________________________




2333. ACTIVITIES CUSTOMARILY PERFORMED BY STATES AND LOCAL GOVERNMENTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7871(e)

CFR Citation: 26 CFR 1.7871(e)

Legal Deadline: None

Abstract: The advanced notice of proposed rulemaking provides that the 
Internal Revenue Service and the Department of Treasury expect to issue 
guidance providing that for purposes of tax exempt bonds issued by 
Indian tribal governments under sections 103(a) and 7871(a)(4) of the 
Internal Revenue Code. Plan activity will be considered an activity 
customarily performed by State and local governments with general 
taxing power within the meaning of section 7871(e) only if: (1) The 
activity is one conducted by a requisite number of State or local 
governments, (2) the activity has been conducted by States or local 
governments for a requisite period of time and (3) the activity is not 
a commercial or industrial activity.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           08/09/06                    71 FR 45474
ANPRM Comment Period End        11/07/06
NPRM                            12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Tribal

Additional Information: REG-118788-06
Drafting attorney: Aviva M. Roth (202) 622-3980
Reviewing attorney: Timothy L. Jones (202) 622-3701
Treasury attorney: John J. Cross III (202) 622-1322
CC: TEGE

Agency Contact: Aviva M. Roth, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW, Room 4013, 
Washington, DC 20224
Phone: 202 622-3980
Email: [email protected]

RIN: 1545-BF63
_______________________________________________________________________




2334. CLARIFICATION OF SECTION 6411 REGULATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6411

CFR Citation: 26 CFR 1.6411-2 (Revision); 26 CFR 1.6411-3 (Revision)

Legal Deadline: None

Abstract: These proposed amendments to the regulations clarify that, 
after being computed under the terms of the section 1.6411-2 
regulations, a tentative carryback allowance may be reduced under 
section 1.6411-3 by unassessed amounts. In order to account for the 
IRS' current organizational structure, the proposed regulations remove 
the title.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-118886-06
Drafting attorney: Cynthia A. McGreevy (202) 622-4910
Reviewing attorneys: Pamela Fuller (202) 622-3600 and
 Curtis Wilson (202) 622-7800
Treasury attorney: Michael Desmond (202) 622-1981
CC: PA: APJ

Agency Contact: Cynthia A. McGreevy, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4910
Fax: 202 927-9248
Email: [email protected]

RIN: 1545-BF65
_______________________________________________________________________




2335. APPLYING SECTION 1(H) TO CAPITAL GAIN DIVIDENDS OF RICS AND REITS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The proposed regulations will contain rules determining the 
amounts that a RIC or REIT may designate for various purposes under 
section l(h) and 871(k)(2).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-119739-06
Drafting attorney: Sonja Kotlica (202) 622-6295
CC:FI

Agency Contact: Sonja Kotlica, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 
20224
Phone: 202 622-6295

RIN: 1545-BF72
_______________________________________________________________________




2336. MULTIPLE ANNUITY STARTING DATE LIMITATIONS ON BENEFITS UNDER 
QUALIFIED PLANS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805(e)

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The proposed regulation would provide guidance with respect

[[Page 23053]]

to determining the annual benefit under a defined benefit plan for the 
purpose of applying the limitations of section 415 in cases where there 
has been more than one annuity starting date.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Federal, Local, State, Tribal

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

Additional Information: REG-122142-06
Drafting attorneys: Christopher A. Crouch (202) 622-6090 and
 Linda S. Marshall (202) 622-6090
Treasury attorney: Harlan Weller (202) 622-1001
CC: TEGE

Agency Contact: Christopher A. Crouch, Attorney Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-6090
Fax: 202 927-1851
Email: [email protected]

RIN: 1545-BF74
_______________________________________________________________________




2337. GUIDANCE ON DETERMINATION OF INTEREST EXPENSE ALLOCABLE IN A 
GLOBAL DEALING OPERATION

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

Legal Authority: 26 USC 7805; 26 USC 0882; 26 USC 0861; 26 USC 0864

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will address guidance on determination of 
interest expense allocable in a global dealing operation; coordination 
of interest expense allocable to global dealing operation with interest 
allocation rules of section 861 and determination of interest deduction 
of foreign corporations under section 882.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-125604-06
Drafting attorney: Margaret K. Harris (202) 622-3870
Reviewing attorney: Paul S. Epstein (202) 622-3870
Treasury attorney: Jesse Eggert (202) 622-1540
CC: INTL

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

RIN: 1545-BF76
_______________________________________________________________________




2338. U.S. SOURCE INCOME EFFECTIVELY CONNECTED WITH U.S. BUSINESS

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

Legal Authority: 26 USC 7805; 26 USC 0864

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation provides rules determining when income from 
stock or securities in the active conduct of a banking financing or 
similar business will be treated as effectively connected with a United 
States business.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Undetermined

Federalism:  Undetermined

Additional Information: REG-125594-06
Drafting attorney: Margaret K. Harris (202) 622-3870
Reviewing attorney: Paul S. Epstein (202) 622-3870
Reviewing attorney: Jesse Eggert (202) 622-1540
CC: INTL

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

RIN: 1545-BF77
_______________________________________________________________________




2339. SOURCE OF INCOME; SOURCE OF GUARANTEE FEE INCOME

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

Legal Authority: 26 USC 7805; 26 USC 0863

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation provides rules relating to the source of 
income from financial guarantee fees, letters of credit, and other 
interest equivalents with respect to similar financial instruments.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Undetermined

Federalism:  Undetermined

Additional Information: REG-125599-06
Drafting Attorney: Margaret K. Harris (202) 622-3870
Reviewing Attorney: Paul S. Epstein (202) 622-3870
CC:INTL

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

RIN: 1545-BF78
_______________________________________________________________________




2340. GUIDANCE UNDER SECTION 67 REGARDING MISCELLANEOUS ITEMIZED 
DEDUCTIONS OF A TRUST OR ESTATE

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 67; 26 USC 7805

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: The guidance will address the application of IRC section 67 
to the

[[Page 23054]]

permissible itemized deductions of a trust or estate.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/07

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected:  Organizations

Government Levels Affected: None

Additional Information: REG-128224-06
Drafting attorney: Jennifer Keeney (202) 622-3060
Reviewing attorney: Bradford R. Poston (202) 622-3060
CC: PSI

Agency Contact: Jennifer Keeney, General Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue, NW, Room 
5019, Washington, DC 20224
Phone: 202 622-3060
Fax: 202 622-3484
Email: [email protected]

RIN: 1545-BF80
_______________________________________________________________________




2341. REGULATION TO DELETE THE TORT TYPE RIGHTS TEST FROM THE SECTION 
104(A)(2) REGULATIONS

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

Legal Authority: 26 USC 1; 26 USC 7805

CFR Citation: 26 CFR 1.104-1(c)

Legal Deadline: NPRM, Statutory, June 30, 2006.

Abstract: These proposed regulations will amend section 1.104(c) of the 
Income Tax Regulations to reflect the amendments made to section 
1.104(a)(2) by sections 1605(a) and (b) of the Small Business Job 
Protection Act of 1996. The regulations are also amended to delete the 
requirement that damages qualify for exclusion from gross income under 
104(a)(2) of the Code only if the legal suit, action, or settlement 
agreement in which the damages are received is based upon tort or tort 
type rights.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-127270-06
Drafting attorney: Sheldon A. Iskow (202) 622-4920
Reviewing attorney: Michael J. Montemurro (202) 622-4920
CC: ITA

Agency Contact: Sheldon A. Iskow, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 
20224
Phone: 202 622-4920
Fax: 202 622-6853
Email: [email protected]

RIN: 1545-BF81
_______________________________________________________________________




2342. EXCLUSION OF INCOME FROM THE INTERNATIONAL OPERATION OF SHIPS OR 
AIRCRAFT

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

Legal Authority: 26 USC 7805; 26 USC 883

CFR Citation: 26 CFR 1.883-0; 26 CFR 1.883-1; 26 CFR 1.883-2; 26 CFR 
1.883-3; 26 CFR 1.883-4; 26 CFR 1.883-5;

Legal Deadline: None

Abstract: This regulation will address amendment to section 1.883-3 
regulations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-138707-06
Drafting attorney: Patricia A. Bray (202) 622-3880
Reviewing attorney: Elizabeth U. Karzon (202) 622-3880
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-BF90
_______________________________________________________________________




2343. WITHHOLDING AND REPORTING OBLIGATIONS UNDER SECTION 1441 REGARDING 
TENDER OFFERS

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

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1; 26 CFR 1441

Legal Deadline: None

Abstract: The proposed regulations provide guidance for U.S. financial 
institutions to satisfy their withholding, reporting and deposit 
obligations under chapter 3 of the Code with respect to payments made 
to foreign account holders pursuant to a self-tender offer made by a 
publicly traded corporation.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-140206-06
Drafting attorney: Kathryn T. Holman (202) 622-3840
Reviewing attorney: Carl M. Cooper (202) 622-3840
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-BF93
_______________________________________________________________________




2344. CIRCULAR 230--REVIEW OF SECTION 10.35 ET SEQ.

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 330; 5 USC 301; 5 USC 500; 5 USC 551 to 559

CFR Citation: 31 CFR 10.35; 31 CFR 10.36; 31 CFR 10.37; 31 CFR 10.38

Legal Deadline: None

Abstract: Proposed regulations modifying the standards for covered 
opinions and other written advice.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/07

[[Page 23055]]

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-138367-06
Drafting attorney: Matthew S. Cooper (202) 622-4940
Reviewing attorney: Brinton Warren (202) 622-7800
Treasury attorney: Anita Soucy (202) 622-1766
CC: PA: APJ

Agency Contact: Matthew S. Cooper, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room 
5135, Washington, DC 20224
Phone: 202 622-4940
Fax: 202 622-1585
Email: [email protected]

RIN: 1545-BF96
_______________________________________________________________________




2345. [bull] EXTENSIONS OF TIME TO FILE ENTITY CLASSIFICATION ELECTIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7701

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: These proposed regulations provide rules for entities seeking 
extensions of time to file entity classification elections.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/07

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected:  Businesses

Government Levels Affected: None

Additional Information: REG-143705-06
Drafting attorney: Richard T. Probst (202) 622-3060
Reviewing attorney: Beverly Katz (202) 622-3060
Treasury attorney: John Parcell (202) 622-2578
CC: PSI

Agency Contact: Richard T. Probst, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue, NW, 
Washington, DC 20224
Phone: 202 622-3060
Fax: 202 622-3484
Email: [email protected]

RIN: 1545-BG01
_______________________________________________________________________




2346. [bull] BUILT-IN GAINS AND LOSSES UNDER SECTION 382(H)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: The IRS is issuing temporary regulations relating to the 
treament of prepaid income under the built-in gain provisions of 
section 382(h). The text of those regulations also serves as the text 
of the proposed regulations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-162992-03
Drafting attorney: Sean C. McKeever (202) 622-8167
Reviewing attorney: Mark S. Jennings (202) 622-7750
Treasury attorney: Marc Countryman (202) 622-9858
CC: COR

Agency Contact: Sean C. McKeever, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue, NW, Room 
5421C, Washington, DC 20224
Phone: 202 622-8167
Fax: 202 622-7555
Email: [email protected]

RIN: 1545-BG03
_______________________________________________________________________




2347. [bull] REVISION TO REGULATIONS RELATING TO WITHHOLDING OF TAX ON 
CERTAIN U.S. SOURCE INCOME PAID TO FOREIGN PERSONS AND REVISION OF 
INFORMATION REPORTING REGULATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1441

Legal Deadline: None

Abstract: The proposed regulations provide guidance regarding the 
documentation requirements under section 1441 and the treatment of 
certain obligations issued in bearer form.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/07

Regulatory Flexibility Analysis Required: Yes

Small Entities Affected: Organizations

Government Levels Affected: None

Additional Information: REG-144021-06
Drafting Attorney: Kathryn T. Holman (202) 622-3840
Reviewing Attorney: Carl M. Cooper (202) 622-3840
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-BG04
_______________________________________________________________________




2348. [bull] ELECTRONIC PAYMENT SYSTEM MAILBOX RULE

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6302; 26 USC 6311

CFR Citation: 31 CFR 6302-1(h)(6); 31 CFR 6311-2(b)

Legal Deadline: None

Abstract: Proposed and temporary regulations extending the time by 
which a taxpayer may initiate an electronic tax payment and still have 
such payment be considered a timely payment.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-145147-05
Drafting attorney: Natasha M. Mulleneaux (202) 622-4604
Reviewing attorney: Charles A. Hall (202) 622-4940

[[Page 23056]]

CC: PA: APJ

Agency Contact: Natasha M. Mulleneaux, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave, NW, 
Washington, DC 20224
Phone: 202 622-4604
Fax: 703 605-1959
Email: [email protected]

RIN: 1545-BG05
_______________________________________________________________________




2349. [bull] ALLOCATION OF COSTS UNDER THE SIMPLIFIED METHODS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1.263A-1; 26 CFR 1.263A-2; 26 CFR 1.263A-3

Legal Deadline: None

Abstract: This project deals with the simplified options available to 
taxpayers for allocating additional section 263A costs.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/00/08

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-126770-06
Drafting attorney: W. Thomas McElroy (202) 622-4970
Reviewing attorney: John P. Moriarty (202) 622-4930
Treasury attorney: Sharon Kay (202) 622-0865
CC: ITA

Agency Contact: Thomas McElroy Jr., General Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-4970

RIN: 1545-BG07
_______________________________________________________________________




2350. [bull] INCOME OF FOREIGN GOVERNMENTS AND INTERNATIONAL 
ORGANIZATIONS

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

Legal Authority: 26 USC 7805; 26 USC 0892

CFR Citation: 26 CF 1

Legal Deadline: None

Abstract: These regulations will provide rules regarding the taxation 
of income of foreign governments and international organizations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-148537-06
Drafting Attorney: David A. Juster (202) 622-3850
Reviewing Attorney: Richard L. Chewning (202) 622-3850
Treasury Attorney: Jesse Eggert (202) 622-1540
CC:INTL

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

Related RIN: Related to 1545-AL93
RIN: 1545-BG08
_______________________________________________________________________




2351. [bull] SECTION 1.367(A)-8 REVISIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1.367(a)-3T; 26 CFR 1.367(a)-8T

Legal Deadline: None

Abstract: This project is for regulations that revise Section 1.367(a)-
8. The regulations will provide rules describing how U.S. taxpayers 
enter into gain recognition agreements in connection with the transfer 
of stock or securities to foreign corporations. The regulations will 
also clarify the effect that certain transactions have on existing gain 
recognition agreements.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/05/07                     72 FR 5228
NPRM Comment Period End         05/07/07
Final Action                    12/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-147144-06
Drafting Attorney: Daniel M. McCall (202) 622-3860
CC:INTL

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

RIN: 1545-BG09
_______________________________________________________________________




2352. [bull] INFORMATION RETURNS REQUIRED WITH RESPECT TO CERTAIN 
FOREIGN CORPORATIONS AND OTHER CONFORMING CHANGES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 6038

Legal Deadline: None

Abstract: The regulations provide updated guidance with respect to the 
information required to be furnished about certain related party 
transactions under section 6038.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-148381-06
Drafting Attorney: Kate Y. Hwa (202) 622-3840
Reviewing Attorney: Phyllis Marcus (202) 622-3840
Tresury Attorney: John Harrington (202) 6220589
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-BG11
_______________________________________________________________________




2353. [bull] MEDICAL AND ACCIDENT INSURANCE BENEFITS UNDER QUALIFIED 
PLANS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 402; 26 USC 7805; PL 109-280, sec 845

[[Page 23057]]

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The proposed regulations under section 402(a) of the Internal 
Revenue Code regarding the tax treatment of payments by qualified plans 
for medical or accident insurance. The document also contains proposed 
conforming amendments to the regulations. These regulations would 
affect administrators of, and participants and beneficiaries in, 
qualified plans.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses, Governmental Jurisdictions

Government Levels Affected: Local, State

Additional Information: REG-148393-06
Drafting attorney: Pamela R. Kinard (202) 622-8358
Reviewing attorney: Lisa Mojiri-Azad (202) 622-6080
CC: TEGE

Agency Contact: Pamela R. Kinard, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-8358
Email: [email protected]

RIN: 1545-BG12
_______________________________________________________________________




2354. [bull] WITHDRAWAL OF REGULATIONS UNDER OLD SECTION 6323(B)(10)

Priority: Info./Admin./Other

Legal Authority: 26 USC 6323

CFR Citation: 26 CFR 301.6323(b)-1(j); 26 CFR 301.6323(g)-1(c)(1)(3)

Legal Deadline: None

Abstract: Deletion of dollar limits and other references to make 
regulation conform to current version of 26 USC 6323.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-141998-06
Drafting attorney: Debra Kohn (202) 622-7985
Reviewing attorney: Lawrence H. Schattner (202) 622-3620
CC: PA: CBS

Agency Contact: Debra A. Kohn, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 
20224
Phone: 202 622-7985
Email: [email protected]

RIN: 1545-BG13
_______________________________________________________________________




2355. [bull] CORPORATE REORGANIZATIONS: GUIDANCE ON THE MEASUREMENT OF 
CONTINUITY OF INTEREST

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1.368-1

Legal Deadline: None

Abstract: The proposed regulations will provide guidance regarding when 
continuity of interest is measured in certain transactions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/20/07                    72 FR 13058
NPRM Comment Period End         06/18/07
Final Action                    12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-146247-06
Drafting attorney: Lisa S. Dobson (202) 622-5429
Reviewing attorney: Virginia Voorhees (202) 622-3003
Treasury attorney: Marc Countryman (202) 622-9858
CC: COR

Agency Contact: Lisa S. Dobson, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room 
5426, Washington, DC 20224
Phone: 202 622-5429
Email: [email protected]

Related RIN: Related to 1545-BG14
RIN: 1545-BG15
_______________________________________________________________________




2356. [bull] SECTION 7508A REGULATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7508; 26 USC 7805A

CFR Citation: 26 CFR 301.7508A-1 (Revision)

Legal Deadline: None

Abstract: Proposed regulations for postponement of certain tax-related 
deadlines by reason of Presidentially Declared Disaster Area.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-142680-06
Drafting attorney: Melissa C. Quale (202) 622-7495
Reviewing attorney: Charles A. Hall (202) 622-7269
CC: PA: APJ

Agency Contact: Melissa C. Quale, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue, NW, Washington, DC 
20224
Phone: 202 622-7495
Fax: 703 605-1959
Email: [email protected]

Related RIN: Related to 1545-BG17
RIN: 1545-BG16
_______________________________________________________________________




2357. [bull] SECTION 751(B) UPDATE

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 751(b); 26 USC 7605

CFR Citation: 26 CFR 1.751-1

Legal Deadline: None

Abstract: Revised Regulations under Section 751(b).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/07

Regulatory Flexibility Analysis Required: Undetermined

[[Page 23058]]

Small Entities Affected:  Businesses

Government Levels Affected: None

Additional Information: REG-151416-06
Drafting attorneys: Allison R. Carmody (202) 622-3273 and
 Frank J. Fisher (202) 622-3070
Reviewing attorney: James A. Quinn (202) 622-3080
Treasury attorney: William Bowers (202) 622-5721
CC: PSI

Agency Contact: Allison R. Carmody, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue, NW, 
Washington, DC 20224
Phone: 202 622-3273
Email: [email protected]

Frank J. Fisher, Attorney, Department of the Treasury, Internal Revenue 
Service, 1111 Constitution Avenue, NW, Washington, DC 20224
Phone: 202 622-3070
Email: [email protected]

RIN: 1545-BG21
_______________________________________________________________________




2358. [bull] ANTI-AVOIDANCE AND ANTI-LOSS REIMPORTATION RULES APPLICABLE 
FOLLOWING A LOSS ON DISPOSITION OF STOCK OF CONSOLIDATED SUBSIDIARIES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 1502

CFR Citation: 26 CFR 1.1502-35

Legal Deadline: None

Abstract: This document will provide proposed regulations which add a 
new general anti-avoidance rule and revise the anti-loss reimportation 
rules in 1.1502-35. The purpose of the rules is to prevent the 
duplication of loss and prevent a consolidated group of corporations 
from obtaining more than one tax benefit from a single economy.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/10/07                    72 FR 17814
NPRM Comment Period End         07/09/07
Final Action                    12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-156420-06
Drafting attorney: Phoebe Bennett (202) 622-7770
Reviewing attorney: Theresa Abell (202) 622-7700
CC: COR

Agency Contact: Phoebe Bennett, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue, NW, Washington, DC 
20224
Phone: 202 622-7770
Fax: 202 622-0477
Email: [email protected]

RIN: 1545-BG25
_______________________________________________________________________




2359. [bull] DETERMINING THE AMOUNT OF TAXES PAID FOR PURPOSES OF 
SECTION 901

Priority: Substantive, Nonsignificant

Legal Authority: 26USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Section 901 of the Internal Revenue Code permits taxpayers to 
claim a credit for income, war profits, and excess profits taxes paid 
or accrued (or deemed paid) during the taxable year to a foreign 
country or a possession of the United States. The proposed regulations 
would provide guidance in determining the amount of foreign taxes paid 
for purposes of section 901.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-156779-06
Drafting Attorney: Bethany A. Ingwalson (202) 622-3850
CC:INTL

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

RIN: 1545-BG27
_______________________________________________________________________




2360. [bull] CORPORATE REORGANIZATIONS; ADDITIONAL GUIDANCE ON 
DISTRIBUTIONS UNDER SECTIONS 368(A)(1)(D) AND 354(B)(1)(B)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: The IRS is issuing temporary regulations amending TD 9303, 
which provides guidance regarding the qualification of certain 
transactions as reorganizations described in section 368(a)(1)(D) where 
no stock and/or securities of the acquiring corporation is issued and 
distributed in the transaction. These regulations clarify that the 
rules in section 1.368-2(l) are not intended to affect the 
qualification of related party triangular asset acquisitions as 
reorganizations described in section 368 relating to the distribution 
requirement under sections 368(a)(1)(D) and 354(b)(1)(B). The text of 
these regulations also serves as the text of proposed regulations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/01/07                     72 FR 9284
NPRM Comment Period End         05/30/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-157834-06
Drafting attorney: Bruce Decker (202) 622-8039
Reviewing attorney: Lisa Fuller (202) 622-7152
Treasury attorney: Marc Countryman (202) 622-9858
CC: Corp

Agency Contact: Bruce Decker, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 
20224
Phone: 202 622-8039
Fax: 202 622-4111
Email: [email protected]

Related RIN: Related to 1545-BG29
RIN: 1545-BG28

[[Page 23059]]

_______________________________________________________________________




2361. [bull] MORTALITY TABLE FOR DETERMINING PRESENT VALUE

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 430(h)(3); 26 USC 7701; 26 USC 7805

CFR Citation: 26 CFR 1.430(h)-1; 26 CFR 1.430(h)-2

Legal Deadline: None

Abstract: These regulations will provide guidelines regarding mortality 
tables to be used to determine present value for purposes of the 
qualified defined benefit plan funding requirements that will become 
effective in 2008.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses, Organizations

Government Levels Affected: None

Additional Information: REG-143601-06
Drafting attorney: Bruce Perlin (202) 622-6090
Reviewing attorney: Linda S. Marshall (202) 622-6090
CC: TEGE

Agency Contact: Bruce Perlin, Senior Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-6090
Email: [email protected]

RIN: 1545-BG30
_______________________________________________________________________




2362. [bull] QUALIFIED FILMS UNDER SECTION 199

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 199; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The proposed regulations will modify the definition of a 
qualified film produced by a taxpayer under section 
199(c)(4)(A)(i)(II).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Additional Information: REG-103842-07
Drafting attorney: David H. McDonnell (202) 622-3040
Reviewing attorney: Paul Handleman (202) 622-3040
Treasury attorney: Dennis Tingey (202) 622-1335
CC: PSI

Agency Contact: David H. McDonnell, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue, NW, Room 
5105, Washington, DC 20224
Phone: 202 622-3040
Fax: 202 622-4753
Email: [email protected]

RIN: 1545-BG33
_______________________________________________________________________




2363. [bull] HYBRID RETIREMENT PLANS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 411(a)(13); 26 USC 411(b)(5); 26 USC 702 of 
Pension Protection Act of 2006,; PL No. 109-280, 120 Stat. 780; 26 USC 
7805

CFR Citation: 26 CFR sec 1.411(a)(13)-1; 26 CFR sec 1.411(b)(5)-1

Legal Deadline: NPRM, Statutory, August 16, 2007, Pursuant to section 
702 of PPA `06, regulations must be prescribed addressing the 
application of the rules set forth in section 701 of PPA `06 where the 
conversion of a plan to a hybrid plan is made.
NPRM, Statutory, August 16, 2007, with respect to a group of employees 
who become employees by reason of a merger, acquisition, or similar 
transaction.

Abstract: The proposed regulations provide guidance with respect to 
sections 411(a)(13) and 411(b)(5) of the Code. Section 411(a)(13) 
provides rules relating to vesting and payment of benefits under tax-
qualified hybrid defined benefit plans. Section 411(b)(5) provides age 
discrimination rules for tax-qualified defined benefit plans, including 
hybrid defined benefit plans.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal, Local, State, Tribal

Additional Information: REG-104946-07
Drafting attorney: Lauson C. Green (202) 622-3051
Reviewing attorney: Marjorie Hoffman (202) 622-1357
Treasury attorney: Harlan Weller (202) 622-1001
CC: TEGE

Agency Contact: Lauson C. Green, Senior Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue, NW, Room 
4427-W, Washington, DC 20224
Phone: 202 622-3051
Fax: 202 927-1851
Email: [email protected]

RIN: 1545-BG36
_______________________________________________________________________




2364. [bull] CALCULATING AND APPORTIONING THE SECTION 11(B)(1) 
ADDITIONAL TAX UNDER SECTION 1561 FOR CONTROLLED GROUPS

Priority: Info./Admin./Other

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 301.7805

Legal Deadline: None

Abstract: The project will provide guidance to component members of a 
controlled group in calculating and apportioning the section 11(b)(1) 
additional tax.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-104713-07
Drafting attorney: Grid R. Glyer (202) 622-7324
Reviewing attorney: Steven Hankin (202) 622-7930
Treasury attorney: Marc Countryman (202) 622-9858
CC: COR

Agency Contact: Grid R. Glyer, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 
20224

[[Page 23060]]

Phone: 202 622-7324
Fax: 202 622-6298
Email: [email protected]

Related RIN: Related to 1545-BG40
RIN: 1545-BG39
_______________________________________________________________________




2365. [bull] INTEREST ON OVERPAYMENTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6611; 26 USC 6513; 26 USC 7805; Overseas Thread 
Industries, Ltd. v. United States, 48 Cl. Ct. 221 (2000); MNOPF 
Trustees, Ltd. v. United States, 123 F. 3d 1460 (Fed. Cir. 1997)

CFR Citation: 26 CFR 301.6611-1

Legal Deadline: None

Abstract: The amendments to Treasury Regulation 301.6611-1 Interest on 
Overpayments will explain the dates interest starts to accrue on 
refunds of overpayments claimed by corporations in four fact patterns: 
Refunds of withheld taxes claimed by foreign corporations that are 
subject to taxation but not required to file tax returns, refunds of 
withheld taxes claimed by foreign corporations not subject to taxation, 
refunds of estimated payments claimed by corporations not subject to 
taxation, and refunds of estimated payments claimed by corporations 
subject to taxation that have income excludible from gross income. The 
amendments will clarify the Service's position on the decisions in 
Overseas Thread Industries, Ltd. v. United States, 48 Cl. Ct. 221 
(2000) and MNOPF Trustees, Ltd. v. United States, 123 F. 3d 1460 (Fed. 
Cir. 1997).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses, Organizations

Government Levels Affected: None

Additional Information: REG-143889-06
Drafting attorney: Barbara M. Pettoni (202) 622-4196
Reviewing attorney: Tiffany P. Smith (202) 927-1644
CC: PA: APJ

Agency Contact: Barbara M. Pettoni, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue, NW, Room 
5541, Washington, DC 20224
Phone: 202 622-4196
Email: [email protected]

RIN: 1545-BG42
_______________________________________________________________________




2366. [bull] DETERMINATION OF GOVERNMENTAL PLAN STATUS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 414(d); Section 906 of Pension Protection Act 
of 2006, Pub. L. No. 109-280, 120 Stat. 780.; 26 USC 7805

CFR Citation: 26 CFR 1.414(d)-1

Legal Deadline: None

Abstract: The proposed regulations provide guidance relating to the 
determination of whether a plan is a governmental plan within the 
meaning of section 414(d) of the Internal Revenue Code. There proposed 
regulations would affect sponsors of, and participants and 
beneficiaries in, employee benefit plans that are determined to be 
governmental plans.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Governmental Jurisdictions

Government Levels Affected: Federal, Local, State

Additional Information: REG-157714-06
Drafting attorney: Pamela R. Kinard (202) 622-8358
Reviewing attorney: Cheryl E. Press (202) 622-6060
Treasury attorney: William 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: 202 622-8358
Email: [email protected]

RIN: 1545-BG43
_______________________________________________________________________




2367. [bull] NOTICE REQUIREMENTS FOR CERTAIN PENSION PLAN AMENDMENTS 
SIGNIFICANTLY REDUCING THE RATE OF FUTURE BENEFIT ACCRUAL

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 4980F; 26 USC 7805; Sections 103(b)(1)(B), 111, 
113(a)(1)(B), 402, 502, 1107 of Pension Protection Act of 2006, PL No. 
109-280, 120 Stat. 780

CFR Citation: 26 CFR 1.411(d)-3(a)(1); 26 CFR 54.4980F-1

Legal Deadline: None

Abstract: The proposed regulations would provide guidance relating to 
the interaction of the requirements under section 4980F of the Internal 
Revenue Code with a plan amendment that is permitted to reduce benefits 
accrued before the plan amendment's applicable amendment date. The 
proposed regulations would also reflect changes made to section 4980F 
of the Code by the Pension Protection Act of 2006, Public Law 109-780 
(120 Stat. 780).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-110136-07
Drafting attorney: Pamela R. Kinard (202) 622-8358
Reviewing attorney: Marjorie Hoffman (202) 622-6060
Treasury attorney: William 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: 202 622-8358
Email: [email protected]

RIN: 1545-BG48
_______________________________________________________________________




2368. [bull] EMPLOYMENT TAX ADJUSTMENTS

Priority: Info./Admin./Other

Legal Authority: 26 USC 6205; 26 USC 6413

[[Page 23061]]

CFR Citation: 26 CFR 31.6205-1; 26 CFR 31.6413(a)-1; 26 CFR 31.6413(a)-
2

Legal Deadline: None

Abstract: Proposed amendment of section 31.6205-1, section 31.6413(a)-
1, and section 31.6413(a)-2 of the Employment Tax Regulations to 
provide guidance for employers and employees relating to the adjustment 
process for employment taxes.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-111583-07
Drafting attorney: Ligeia M. Donis (202) 622-0047
Reviewing attorney: Janine Cook (202) 622-0047
Treasury attorney: Kevin Knopf (202) 622-2329
CC: TEGE

Agency Contact: Ligeia M. Donis, General Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room 
4006, Washington, DC 20224
Phone: 202 622-0047
Fax: 202 622-5697
Email: [email protected]

Related RIN: Related to 1545-BG51
RIN: 1545-BG50
_______________________________________________________________________


Department of the Treasury (TREAS)                     Final Rule Stage


Internal Revenue Service (IRS)



_______________________________________________________________________




2369. INCOME TAX--DEFINITION OF QUALIFIED POSSESSION SOURCE INVESTMENT 
INCOME FOR PURPOSES OF PUERTO RICO AND POSSESSION TAX CREDIT

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 936

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will provide rules with respect to what 
constitutes qualified possession source investment income for purposes 
of the Puerto Rico and possession tax credit.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/21/86                     51 FR 2726
Final Action                    06/00/07

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-209013-86 (INTL-44-86)
Drafting attorney: Thomas A. Vidano (202) 435-5265
Reviewing attorney: John M. Breen (202) 435-5265
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-AC10
_______________________________________________________________________




2370. 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                    06/00/07

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
_______________________________________________________________________




2371. 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                    12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-209042-86 (INTL-610-86)

[[Page 23062]]

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
_______________________________________________________________________




2372. 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                    12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

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

RIN: 1545-AK79
_______________________________________________________________________




2373. 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
NPRM-Withdrawn                  09/07/06                    71 FR 52876
Second NPRM                     09/07/06                    71 FR 52876
Final Action                    12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-208270-86 (INTL-965-86)
Drafting attorney: Margaret K. Harris (202) 622-3870
Reviewing attorney: Jeffrey Dorfman (202) 622-3870
CC:INTL

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

RIN: 1545-AM12
_______________________________________________________________________




2374. EARNINGS AND PROFITS OF CONTROLLED FOREIGN CORPORATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 964

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will develop procedures for foreign 
corporations, or U.S. shareholders to make tax elections in computing 
functional currency earnings and profits under the 1986 Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/25/90                     55 FR 2535
Final Action                    06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-209022-89 (INTL-087-89)
Drafting attorney: Jeffrey L. Parry (202) 622-3850
Reviewing attorney: Barbara A. Felker (202) 622-3850
CC:INTL

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

RIN: 1545-AM90
_______________________________________________________________________




2375. 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                    12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-209059-89 (INTL-870-89)
Drafting attorney: Theodore D. Setzer (202) 622-3870
Reviewing attorney: Jeffrey L. Dorfman (202) 622-3870
CC: INTL

[[Page 23063]]

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

RIN: 1545-AO24
_______________________________________________________________________




2376. REGISTRATION REQUIRED OBLIGATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 165

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/21/93                     58 FR 5316
Final Action                    12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

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

RIN: 1545-AP33
_______________________________________________________________________




2377. MARK-TO-MARKET UPON DISPOSITION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 475

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/04/95                      60 FR 397
Final Action                    12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-209724-94 (FI-42-94)
Drafting attorney: Lauren Medovoy (202) 622-6502
Reviewing attorney: Elizabeth Handler (202) 622-3157
Treasury attorneys: Michael Novey (202) 622-1339
CC:FIP
Sections 1.475(a)-3 finalized in TD 8700. Sections 1.475(b)-4 finalized 
in TD 8700. Sections 1.475(c)-2 finalized in TD 8700.

Agency Contact: Lauren J. Medovoy, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3920
Fax: 202 622-7970
Email: [email protected]

RIN: 1545-AS85
_______________________________________________________________________




2378. 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                    09/00/07

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
_______________________________________________________________________




2379. 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                    01/00/08

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-246018-96
Drafting attorney: Sheryl B. Flum (202) 622-7378
Reviewing attorney: Donald J. Drees (202) 622-3970
Treasury attorney: Mark S. Smith (202) 622-0180
CC:FI

Agency Contact: Sheryl B. Flum, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue, NW, Washington, DC 
20224
Phone: 202 622-7378
Email: [email protected]

RIN: 1545-AU49

[[Page 23064]]

_______________________________________________________________________




2380. 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                    06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-104924-98
Drafting attorney: Lauren J. Medovoy (202) 622-3920
Reviewing attorney: Elizabeth A. Handler (202) 622-3920
Treasury attorney: Michael Novey (202) 622-1339
CC:FI

Agency Contact: Lauren J. Medovoy, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3920
Fax: 202 622-7970
Email: [email protected]

RIN: 1545-AW06
_______________________________________________________________________




2381. 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                    12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-106031-98
Drafting attorney: Paul S. Epstein (202) 622-3870
CC:INTL

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

RIN: 1545-AW13
_______________________________________________________________________




2382. 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                            12/21/98                    63 FR 70354
NPRM Comment Period End         03/22/99
Final Action                    09/00/07

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: None
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
Email: [email protected]

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




2383. 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                    12/00/07

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
_______________________________________________________________________




2384. 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

[[Page 23065]]

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                    06/00/07

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
_______________________________________________________________________




2385. 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                            12/12/05                    70 FR 73393
Final Action                    06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-107722-00
Drafting attorney: Joseph P. Dewald (202) 622-4910
Reviewing attorney: Pamela W. Fuller (202) 622-4910
Treasury attorney: Sharon Kay (202) 622-0865
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
_______________________________________________________________________




2386. PREVIOUSLY TAXED EARNINGS AND PROFITS UNDER SUBPART F

Priority: Substantive, Nonsignificant

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                            08/29/06                    71 FR 51155
NPRM Comment Period End         11/27/06
Final Action                    12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-121509-00
Drafting attorney: Ethan A. Atticks (202) 622-3840
Reviewing attorney: Phyllis E. Marcus (202) 622-3840
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-AY54
_______________________________________________________________________




2387. NORMALIZATION

Priority: Substantive, Nonsignificant

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

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/21/05                    70 FR 75762
Final Action                    06/00/07

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
_______________________________________________________________________




2388. CONSOLIDATED RETURNS; NONAPPLICABILITY OF SECTION 357(C)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 1502

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations make amendments to section 1.1502-80(d) of 
the consolidated return regulations dealing with the scope of the 
nonapplicability of section 357(c) in a consolidated group.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/14/01                    66 FR 57021
Public Hearing                  03/21/02
Final Action                    12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-137519-01
Drafting attorney: Thomas I. Russell (202) 622-7550

[[Page 23066]]

Reviewing attorney: Alfred Bishop (202) 622-7930
Treasury attorney: None
CC: COR

Agency Contact: Thomas I. Russell, Senior Counsel, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-7550
Email: [email protected]

RIN: 1545-BA09
_______________________________________________________________________




2389. 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
Public Hearing set for 04/10/
2003                            12/11/02                    67 FR 76123
Public Hearing Rescheduled for 
4/09/2003                       01/17/03                     68 FR 2466
Final Action                    12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses, Organizations

Government Levels Affected: None

Additional Information: REG-209500-86
Drafting attorney: Linda S.F. Marshall (202) 622-6090
Reviewing attorney: Marjorie Hoffman (202) 622-6090
Treasury attorney: Harlan Weller (202) 622-1001
CC:TEGE

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

Related RIN: Related to 1545-BB79
RIN: 1545-BA10
_______________________________________________________________________




2390. 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; 26 USC 7805

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: The proposed regulation provides guidance regarding modified 
rules for serving summonses on third party recordkeepers, the broadened 
range of summonses subject to the notice requirements, and the 
suspension of limitations periods when court actions are brought or 
when a summoned third party fails to fully respond to a summons. This 
proposed regulation incorporates the changes enacted in 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                            07/21/06                    71 FR 41377
NPRM Comment Period End         10/09/06
Final Action                    05/00/07

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: Peter J. Devlin (202) 622-3600
Treasury attorney: Anita Soucy (202) 622-1766
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
_______________________________________________________________________




2391. NONCOMPENSATORY PARTNERSHIP OPTIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 704; 26 USC 721; 26 USC 761; 26 USC 7805

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                    12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-103580-02
Drafting attorneys: Joy C. Spies (202) 622-3050 and
 Jonathan E. Cornwell (202) 622-4504
Reviewing attorney: Audrey W. Ellis (202) 622-3050
Treasury attorney: William Bowers (202) 622-5721
CC: PSI

Agency Contact: Joy C. Spies, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3998
Fax: 202 622-3308
Email: [email protected]

Jonathan E. Cornwell, Attorney, Department of the Treasury, Internal 
Revenue Service, 1111 Consitution Avenue, NW, Washington, DC 20224
Phone: 202 622-4504
Email: [email protected]

RIN: 1545-BA53
_______________________________________________________________________




2392. CIRCULAR 230--PHASE 2 NONSHELTER REVISIONS

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 330

CFR Citation: 26 CFR 1

[[Page 23067]]

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
ANPRM Comment Period End        02/18/03
NPRM                            02/08/06                     71 FR 6421
Final Action                    12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-122380-02
Drafting attorney: Matthew S. Cooper (202) 622-4940
Reviewing attorney: Richard S. Goldstein (202) 622-7820
Treasury attorney: Michael Desmond (202) 622-1981
CC:PA:APJ

Agency Contact: Matthew S. Cooper, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room 
5135, Washington, DC 20224
Phone: 202 622-4940
Fax: 202 622-1585
Email: [email protected]

RIN: 1545-BA72
_______________________________________________________________________




2393. 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                    12/00/07

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
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
_______________________________________________________________________




2394. SECTION 1248 ATTRIBUTION PRINCIPLES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will address the manner in which earnings and 
profits are attributed to shares under sections 1248 and 367.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/02/06                    71 FR 31985
NPRM Comment Period End         08/31/06
Final Action                    12/00/07

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-135866-02
Drafting attorney: Michael I. Gilman (202) 622-3850
Reviewing attorney: Richard L. Chewning (202) 622-3850
Treasury attorney: Gretchen Sierra (202) 622-1755
CC:INTL

Agency Contact: Michael I. Gilman, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20024
Phone: 202 622-3850

RIN: 1545-BA93
_______________________________________________________________________




2395. GUIDANCE TO FACILITATE ELECTRONIC TAX ADMINISTRATION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: This regulation will facilitate electronic tax 
administration.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/08/05                    70 FR 72954
Final Action                    12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-137243-02
Drafting attorney: Dillon Taylor (202) 622-4940
Reviewing attorney: Ashton P. Trice (202) 622-4940
Treasury attorney: Michael Desmond (202) 622-1981
CC:PA:APJ

Agency Contact: Dillon Taylor, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW, Room 5127, 
Washington, DC 20224
Phone: 202 622-4940
Fax: 202 622-1585
Email: [email protected]

RIN: 1545-BA96
_______________________________________________________________________




2396. SECTION 482: METHODS TO DETERMINE TAXABLE INCOME IN CONNECTION 
WITH A COST-SHARING ARRANGEMENT

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 482

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These 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                         12/16/05                    70 FR 51116
Final Action                    05/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Federalism:  Undetermined

[[Page 23068]]

Additional Information: REG-144615-02
Drafting attorney: Kenneth P. Christman (202) 435-5265
Reviewing attorney: John M. Breen (202) 435-5266
Treasury attorney: David Ernick (202) 622-1754
CC:INTL

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

RIN: 1545-BB26
_______________________________________________________________________




2397. APPLICATION OF SEPARATE LIMITATIONS TO DIVIDENDS FROM 
NONCONTROLLED SECTION 902 CORPORATION

Priority: Substantive, Nonsignificant

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

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The 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, generally 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

________________________________________________________________________

Interim Final Rule              06/00/07

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

Related RIN: Related to 1545-BF46
RIN: 1545-BB28
_______________________________________________________________________




2398. 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
Second NPRM                     08/04/06                    71 FR 44247
Second NPRM Comment Period End  11/02/06
Final Action                    06/00/07

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 Carol Tan (202) 
435-5265
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

Related RIN: Related to 1545-BC52, Related to 1545-AY38
RIN: 1545-BB31
_______________________________________________________________________




2399. AMENDMENT TO SECTION 6724 RELATING TO FAILURE TO FILE CORRECT 
INFORMATION RETURNS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6724; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Amended regulations to provide an electronic alternative 
procedure to when the filing of a correction is considered prompt for 
purposes of section 6724.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/09/03                    68 FR 40857
Final Action                    12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-141669-02
Drafting attorney: Michael E. Hara (202) 622-4910
Reviewing attorney: Nancy L. Rose (202) 622-4910
Treasury attorney: Eric San Juan (202) 622-0224
CC:PA:APJ

Agency Contact: Michael E. Hara, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW, Room 5529, 
Washington, DC 20224
Phone: 202 622-7419
Fax: 202 927-9248
Email: [email protected]

RIN: 1545-BB41
_______________________________________________________________________




2400. CONTRIBUTIONS TO PURCHASE CERTAIN RETIREMENT ANNUITIES OR 
CUSTODIAL ACCOUNTS UNDER SECTION 403(B)

Priority: Substantive, Nonsignificant

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

CFR Citation: 26 CFR 1

Legal Deadline: None

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

[[Page 23069]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/16/04                    69 FR 67075
Hearing                         11/16/04                    69 FR 67084
Final Action                    06/00/07

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

Related RIN: Related to 1545-BF35
RIN: 1545-BB64
_______________________________________________________________________




2401. 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                    06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-166012-02
Drafting attorney: Anna H. Kim (202) 622-3920
Reviewing attorney: Kathleen A. Sleeth (202) 622-3920
Treasury attorney: Michael Novey (202) 622-1339
CC:FI

Agency Contact: Anna H. Kim, Department of the Treasury, Internal 
Revenue Service, 1111 Constitution Avenue, NW, Washington, DC 20224
Phone: 202 622-3920
Email: [email protected]

RIN: 1545-BB82
_______________________________________________________________________




2402. 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 proposed regulations cross-reference temporary 
regulations that address transactions in which partnerships with 
foreign partners were being used in an attempt to avoid tax on some 
REMIC excess inclusions. That avoidance would have violated Congress' 
clear intention that excess inclusion income should always produce some 
tax liability. Under the regulations, if a domestic partnership holds 
REMIC residual interests and allocates excess inclusions from those 
interests to foreign partners, the foreign partners' recognition of the 
excess inclusion income is accelerated for purposes of the withholding 
rules, and the partnership is required to withhold on the income, even 
in the absence of distributions of cash or property to the foreign 
partners.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/01/06                    71 FR 43398
NPRM Comment Period End         10/30/06
Final Action                    06/00/07

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

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




2403. PREDECESSORS OR SUCCESSORS UNDER SECTION 355(E)

Priority: Substantive, Nonsignificant

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 or a transferee of distributing or controlled assets is a 
predecessor or successor.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/22/04                    69 FR 67873
Final Action                    05/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-145535-02
Drafting attorney: Ross E. Poulsen (202) 622-7770
Reviewing attorney: Stephen Fattman (202) 622-7700
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

RIN: 1545-BB85
_______________________________________________________________________




2404. EXPENSES FOR HOUSEHOLD AND DEPENDENT CARE SERVICES NECESSARY FOR 
GAINFUL EMPLOYMENT

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 21; 26 USC 7805

CFR Citation: 26 CFR 1; 26 CFR 602

Legal Deadline: None

Abstract: The final regulations will amend existing but partially 
obsolete regulations under 26 U.S.C. 21 relating to dependent care 
credits.

[[Page 23070]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/24/06                    71 FR 29847
Final Action                    06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-139059-02
Drafting attorney: Amy J. Pfalzgraf (202) 622-4960
CC: ITA

Agency Contact: Amy J. Pfalzgraf, Senior Counsel, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4960
Email: [email protected]

RIN: 1545-BB86
_______________________________________________________________________




2405. 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 it were sold for its fair market 
value on the last business day of the year. While the legal definition 
of the term ``fair market value'' has long been settled, the statute is 
silent as to what valuation methodology should be used to determine 
fair market value of any particular security. Many of the securities 
subject to section 475 raise difficult valuation issues. An advanced 
notice of proposed rulemaking (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 24, 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 of the rules.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/24/05                    70 FR 29663
NPRM Comment Period End         08/22/05
Public Hearing                  09/15/05
Final Action                    06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

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 attorney: Michael Novey (202) 622-1339
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
_______________________________________________________________________




2406. PARTNERSHIP EQUITY FOR SERVICES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 721; 26 USC 83; 26 USC 7805

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                    12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-105346-03
Drafting attorneys: Joy C. Spies (202) 622-3050 and
 Jonathan E. Cornwell (202) 622-4504
Reviewing attorney: Audrey W. Ellis (202) 622-3050
Treasury attorney: William Bowers (202) 622-5721
CC: PSI

Agency Contact: Joy C. Spies, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3998
Fax: 202 622-3308
Email: [email protected]

Jonathan E. Cornwell, Attorney, Department of the Treasury, Internal 
Revenue Service, 1111 Consitution Avenue, NW, Washington, DC 20224
Phone: 202 622-4504
Email: [email protected]

RIN: 1545-BB92
_______________________________________________________________________




2407. 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 52217
Final Action                    09/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-108637-03
Drafting attorney: Patrick E. White (202) 622-3920

[[Page 23071]]

Reviewing attorney: Phoebe A. Mix (202) 622-4634
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
_______________________________________________________________________




2408. 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                    04/00/07

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 K. Boland (202) 622-3130 and
 Curt G. Wilson (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
_______________________________________________________________________




2409. SPECIAL CONSOLIDATED RETURN RULES FOR INTEREST EXPENSE DISALLOWED 
UNDER SECTION 265(A)(2)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 1502; 26 USC 7701; 26 USC 7805

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                    12/00/07

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
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
Email: [email protected]

RIN: 1545-BC23
_______________________________________________________________________




2410. 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; 26 USC 
7805

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

________________________________________________________________________

NPRM                            05/07/04                    69 FR 25534
NPRM Comment Period End         08/05/04
Final Action                    09/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-128572-03
Drafting attorney: David Silber (202) 622-3930
Reviewing attorney: Lon B. Smith (202) 622-3900
Treasury attorney: Michael Novey (202) 622-1339
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-BC24
_______________________________________________________________________




2411. GUIDANCE ON PFIC PURGING ELECTIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These proposed 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

________________________________________________________________________

NPRM                            12/08/05                    70 FR 72952

[[Page 23072]]

Interim Final Rule Completed by 
TD 9232                         12/08/05                    70 FR 72908
Final Action                    12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

Agency Contact: Paul J. Carlino, Attorney, 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
_______________________________________________________________________




2412. QUALIFIED SEVERANCE REGULATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 2642(a)(3)(C); 26 USC 7805

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
NPRM Comment Period End         11/22/04
Final Action                    04/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-145987-03
Drafting attorney: Mayer R. Samuels (202) 622-3090
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

Related RIN: Split from 1545-BE70
RIN: 1545-BC50
_______________________________________________________________________




2413. 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 
1.861T(b)(3).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/04/06                    71 FR 44247
NPRM Comment Period End         11/02/06
Final Action                    06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-138603-03
Drafting attorney: David F. Bergkuist (202) 622-3850
Reviewing attorney: Anne O. Devereaux (202) 622-3850
Treasury attorney: David Ernick (202) 622-1754
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

Related RIN: Related to 1545-BB31, Related to 1545-AY38
RIN: 1545-BC52
_______________________________________________________________________




2414. GUIDANCE UNDER SECTION 707 REGARDING DISGUISED SALES

Priority: Substantive, Nonsignificant

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                    12/00/07

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: William Bowers (202) 622-5721
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
_______________________________________________________________________




2415. 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                            07/15/04                    69 FR 42370
Final Action                    06/00/07

[[Page 23073]]

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Additional Information: REG-150562-03
Drafting attorneys: Jian H. Grant (202) 622-3050
Reviewing attorneys: James A. Quinn (202) 622-3070 and
 Mary Beth Collins (202) 622-3070
Treasury attorney: William Bowers (202) 622-5721
CC:PSI

Agency Contact: Jian H. Grant, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3050
Email: [email protected]

RIN: 1545-BC67
_______________________________________________________________________




2416. DISCLOSURES TO SUBCONTRACTORS

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

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 6103; 26 USC 7805

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: Amending existing regulations on disclosure of returns and 
return information in connection with procurement of property and 
services for tax administration purposes.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/12/05                     70 FR 2076
Final Action                    06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses, Governmental Jurisdictions, 
Organizations

Government Levels Affected: Federal, Local, State

Additional Information: REG-148867-03
Drafting attorney: Helene R. Newsome (202) 622-4570
Reviewing attorney: Gerald R. Ryan (202) 622-4570
Treasury attorney: Eric San Juan (202) 622-0224
CC: PA: DPL

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

RIN: 1545-BC92
_______________________________________________________________________




2417. SOLID WASTE DISPOSAL FACILITIES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 142; 26 USC 7805

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                    12/00/07

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 Avenue NW, Room 4013, 
Washington, DC 20224
Phone: 202 622-3980
Email: [email protected]

RIN: 1545-BD04
_______________________________________________________________________




2418. 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 Regulations           06/00/07

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: Eric San Juan (202) 622-0224
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
_______________________________________________________________________




2419. ESCROW ACCOUNTS, TRUSTS, AND OTHER FUNDS USED DURING DEFERRED 
EXCHANGES OF LIKE-KIND PROPERTY

Priority: Substantive, Nonsignificant

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

[[Page 23074]]

receive the funds or establish, maintain, and administer the accounts.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/07/06                     71 FR 6231
Hearing                         02/07/06                     71 FR 6233
Final Action                    06/00/07

Regulatory Flexibility Analysis Required: Yes

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-113365-04
Drafting attorney: Jeffrey T. Rodrick (202) 622-4930
Reviewing attorney: Jeffrey G. Mitchell (202) 622-4930
Treasury attorney: Dennis Tingey (202) 622-1335
CC: ITA

Agency Contact: Jeffrey T. Rodrick, General Attorney (Tax), Department 
of the Treasury, Internal Revenue Service, 1111 Constitution Avenue, 
NW, Washington, DC 20224
Phone: 202 622-4930
Email: [email protected]

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




2420. GUIDANCE ON PHASED RETIREMENT

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

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
NPRM Comment Period End         02/08/05
Final Rule                      05/00/07

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: William Bortz (202) 622-1352
CC: TEGE

Agency Contact: Cathy A. Vohs, Assistant Branch Chief, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-6090
Email: [email protected]

RIN: 1545-BD23
_______________________________________________________________________




2421. COORDINATION OF UNITED STATES AND CERTAIN POSSESSIONS INCOME TAXES 
(TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1; 26 CFR 301

Legal Deadline: None

Abstract: Internal Revenue Code section 7654 contains provisions for 
coordination of U.S. and certain possessions income taxes. 
Specifically, section 7654 provides for ``cover over'' of the net 
collection of taxes imposed under chapter 1 or deducted and withheld 
under chapter 24. Section 7654 of the Internal Revenue Code of 1986 
provides specific rules for cover over with regard to the possessions 
American Samoa and the U.S. Virgin Islands.
Section 7654 of the 1954 Code, as amended in 1972 by Public Law 92-606, 
provides specific rules for cover over with regard to the possessions. 
Guam and the Northern Mariana Islands (NMI). Section 7654 of the 1954 
Code remains applicable to Guam and the NMI because neither of these 
two possessions has an effective implementing agreement with the United 
States, in accordance with the Tax Reform Act of 1986, Public Law 99-
514.
The regulations will provide rules under both the 1954 Code and the 
1986 Code versions of section 7654.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-139900-03
Drafting attorney: Javier G. Salinas (202) 435-5262
Reviewing attorney: Ricardo A. Cadenas (202) 435-5262
Treasury attorney: Gretchen Sierra (202) 622-1755
CC:INTL

Agency Contact: Javier G. Salinas, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 435-5262

Related RIN: Related to 1545-BC54
RIN: 1545-BD32
_______________________________________________________________________




2422. 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                    12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-130370-04

[[Page 23075]]

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
_______________________________________________________________________




2423. GUIDANCE UNDER SECTION 1502; MISCELLANEOUS OPERATING RULES FOR 
SUCCESSOR PERSONS; SUCCESSION TO ITEMS OF THE LIQUIDATING CORPORATION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 1502

CFR Citation: 26 CFR 1.1502-13; 26 CFR 1.1502-80

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                    06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-131128-04
Drafting attorney: Amber Cook (202) 622-7530
Reviewing attorney: Marie Milnes-Vasquez (202) 622-7530
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

RIN: 1545-BD54
_______________________________________________________________________




2424. ASSET TRANSFERS FOLLOWING PUTATIVE REORGANIZATIONS

Priority: Substantive, Nonsignificant

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                    06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-130863-04
Drafting attorney: Mary W. Lyons (202) 622-7930
Reviewing attorney: Alfred C. Bishop, Jr. (202) 622-7930
CC: COR

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

RIN: 1545-BD56
_______________________________________________________________________




2425. MANDATORY E-FILING FOR FORMS 1120

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6011(e); 26 USC 7805

CFR Citation: 26 CFR 1; 26 CFR 301

Legal Deadline: None

Abstract: These regulations will provide that certain entities that 
file at least 250 information returns during the calendar year are 
required to file their income tax returns electronically.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/12/05                     70 FR 2075
Final Action                    12/00/07

Regulatory Flexibility Analysis Required: Yes

Small Entities Affected: Businesses, Organizations

Government Levels Affected: None

Additional Information: REG-130671-04
Drafting attorney: Michael E. Hara (202) 622-4910
Reviewing attorneys: James Gibbons (202) 622-4910 and Carol Nachman 
(202) 622-4910
CC: PA: APJ

Agency Contact: Michael E. Hara, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW, Room 5529, 
Washington, DC 20224
Phone: 202 622-7419
Fax: 202 927-9248
Email: [email protected]

RIN: 1545-BD65
_______________________________________________________________________




2426. SECTION 704(B)(2) AND SUBSTANTIALITY

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 704(b)(2); 26 USC 7805

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                            11/18/05                    70 FR 69919
Final Action                    06/00/07

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: William Bowers (202) 622-5721
CC: PSI

Agency Contact: Timothy J. Leska, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service,

[[Page 23076]]

1111 Constitution Avenue NW, Washington, DC 20224
Phone: 202 622-3050

Related RIN: Related to 1545-BB11
RIN: 1545-BD70
_______________________________________________________________________




2427. SPECIAL RULES TO REDUCE SECTION 1446 WITHHOLDING

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 1446

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations provide guidance for partnerships obligated 
to pay withholding tax under section 1446 of the Internal Revenue Code. 
Specifically, the regulations address the circumstances under which a 
partnership may reduce its withholding tax due based upon 
certifications of losses by foreign partners or when the partnership is 
in bankruptcy. The regulations will be effective for partnership 
taxable years beginning after the date the regulations are published in 
the Federal Register.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/18/05                    70 FR 28743
Public Hearing - 10/03/2005     05/18/05                    70 FR 28743
NPRM Comment Period End         08/16/05
Hearing Rescheduled: 11/16/2005 10/03/05                    70 FR 57523
Final Action                    12/00/07

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-148649-05
Drafting attorney: Ronald M. Gootzeit (202) 622-3860
Reviewing attorney: Charles P. Besecky (202) 622-3860
Treasury attorney: David Sotos (202) 622-0851
CC:INTL

Agency Contact: Ronald M. Gootzeit, 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-AY28
RIN: 1545-BD80
_______________________________________________________________________




2428. 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                    04/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-154000-04
Drafting attorney: Deborah J. Karet (202) 622-3130
Reviewing attorneys: Frank K. Boland (202) 622-3130 and
 Curt G. Wilson (202) 622-3000
Treasury attorney: John Parcell (202) 622-2578
CC:PSI

Agency Contact: Deborah J. Karet, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3130
Email: [email protected]

RIN: 1545-BE04
_______________________________________________________________________




2429. DISCLOSURE OF RETURN INFORMATION TO THE BUREAU OF THE CENSUS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6103(j); 26 USC 7805

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: Under section 6103(j)(1), upon written request from the 
Secretary of Commerce, the Secretary is to furnish to the Bureau of the 
Census (Bureau) return information that is prescribed by Treasury 
regulations for the purpose of, but only to the extent necessary in, 
structuring censuses and national economic accounts and conducting 
related statistical activities authorized by law. Section 
301.6103(j)(1)-1 of these regulations further defines such purposes by 
reference to 13 U.S.C. chapter 5 and provides an itemized description 
of the return information authorized to be disclosed for such purposes.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/11/05                    70 FR 12166
Final Action                    03/00/08

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-147195-04 and REG-148864-03
Drafting attorney: Charles B. Christopher (202) 622-4580
Treasury atttorney: Eric San Juan (202) 622-0224
CC: PA: DPL

Agency Contact: Charles B. Christopher, Branch Chief, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4580

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




2430. 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 a

[[Page 23077]]

regulated investment company (RIC). An 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                            08/24/06                    71 FR 54598
NPRM Comment Period End         12/18/06
Final Action                    06/00/07

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 and 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
_______________________________________________________________________




2431. 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                    06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-159824-04
Drafting attorney: Matthew S. Cooper (202) 622-4940
Reviewing attorney: Richard Goldstein (202) 622-3900
Treasury attorney: Michael Desmond (202) 622-1981
CC: PA: APJ

Agency Contact: Matthew S. Cooper, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room 
5135, Washington, DC 20224
Phone: 202 622-4940
Fax: 202 622-1585
Email: [email protected]

Related RIN: Related to 1545-BA70
RIN: 1545-BE13
_______________________________________________________________________




2432. CAPITALIZATION OF AMOUNTS PAID TO REPAIR OR IMPROVE TANGIBLE 
PROPERTY

Priority: Substantive, Nonsignificant

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                            08/21/06                    71 FR 48590
NPRM Comment Period End         11/20/06
Final Action                    09/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-168745-03
Drafting attorney: Merrill D. Feldstein (202) 622-3887
Treasury attorney: Sharon Kay (202) 622-0865
CC: ITA

Agency Contact: Merrill D. Feldstein, Senior Counsel, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3887
Fax: 202 622-4579
Email: [email protected]

RIN: 1545-BE18
_______________________________________________________________________




2433. WITHHOLDING EXEMPTIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 3402; 26 USC 7805

CFR Citation: 26 CFR 31

Legal Deadline: None

Abstract: These regulations provide guidance under section 3402(f) of 
the Internal Revenue Code for employers and employees relating to the 
Form W-4, ``Employee's Withholding Allowance Certificate.'' These 
regulations provide rules for the submission of copies of certain 
withholding exemption certificates to the IRS, the notification 
provided to the employer and the employee of the maximum number of 
withholding exemptions permitted, and the use of substitute forms.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/14/05                    70 FR 19721
NPRM Comment Period End         07/05/05
Final Action                    06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-162813-04
Drafting attorney: Ilya E. Enkishev (202) 622-0047
Reviewing attorney: Janine Cook (202) 622-0047
Treasury attorney: Kevin Knopf (202) 622-2329
CC: TEGE

Agency Contact: Ilya E. Enkishev, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 
20224
Phone: 202 622-0047
Email: [email protected]

Related RIN: Related to 1545-BE21
RIN: 1545-BE20
_______________________________________________________________________




2434. SECTION 6011 REGULATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6011; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations are an update to the taxpayer disclosure

[[Page 23078]]

regulations for reportable transactions under section 1.6011-4.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/02/06                    71 FR 64488
NPRM Comment Period End         01/31/07
Public Hearing - March 20, 2007 02/15/07                     72 FR 7360
Final Action                    11/00/07

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-103038-05
Drafting attorney: Charles D. Wien (202) 622-3070
Reviewing attorney: Christine Ellison (202) 622-3080
Treasury attorney: Anita Soucy (202) 622-1766
CC: PSI

Agency Contact: Charles D. Wien, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue, NW, Washington, DC 
20224
Phone: 202 622-3070
Email: [email protected]

Related RIN: Related to 1545-BE25
RIN: 1545-BE24
_______________________________________________________________________




2435. SECTION 6111 REGULATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6111; 26 USC 7805

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: These regulations are for section 6111, as revised under the 
American Jobs Creation Act of 2004, which will provide the rules for 
material advisors regarding disclosure of reportable transactions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/02/06                    71 FR 64496
NPRM Comment Period End         01/31/07
Public Hearing - March 20, 2007 02/15/07                     72 FR 7360
Final Action                    11/00/07

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-103039-05
Drafting attorney: Charles D. Wien (202) 622-3070
Reviewing attorney: Christine Ellison (202) 622-3080
Treasury attorney: Anita Soucy (202) 622-1766
CC:PSI

Agency Contact: Charles D. Wien, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue, NW, Washington, DC 
20224
Phone: 202 622-3070
Email: [email protected]

Related RIN: Related to 1545-BE27
RIN: 1545-BE26
_______________________________________________________________________




2436. SECTION 6112 REGULATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6112; 26 USC 7805

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: The regulations are an update to the list maintenance 
regulations under section 6112 to take into account changes to the 
statute made in the ``American Jobs Creation Act of 2004.''

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/02/06                    71 FR 64501
NPRM Comment Period End         01/31/07
Public Hearing - March 20, 2007 02/15/07                     72 FR 7361
Final Action                    11/00/07

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-103043-05
Drafting attorney: Charles D. Wien (202) 622-3070
Reviewing attorney: Christine Ellison (202) 622-3080
Treasury attorney: Anita Soucy (202) 622-1766
CC: PSI

Agency Contact: Charles D. Wien, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue, NW, Washington, DC 
20224
Phone: 202 622-3070
Email: [email protected]

Related RIN: Related to 1545-BE29
RIN: 1545-BE28
_______________________________________________________________________




2437. 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                            01/17/06                     71 FR 2496
NPRM Comment Period End         04/17/06
Final Action                    12/00/07

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
_______________________________________________________________________




2438. FARMER AND FISHERMAN INCOME AVERAGING UNDER THE AMERICAN JOBS 
CREATION ACT OF 2004 (AJCA) (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 1301; 26 USC 7805

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.

[[Page 23079]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation            06/00/07

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-161695-04
Drafting attorney: Amy J. Pfalzgraf (202) 622-4960
Treasury attorney: John Parcell (202) 622-2578
CC: ITA

Agency Contact: Amy J. Pfalzgraf, Senior Counsel, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4960
Email: [email protected]

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




2439. DISREGARDED ENTITIES AND COLLECTIONS

Priority: Substantive, Nonsignificant

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
Final Action                    06/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Undetermined

Additional Information: REG-114371-05
Drafting attorney: Brenda Mallinak (202) 622-3070
Reviewing attorney: Mary Beth Collins (202) 622-3070
Treasury attorney: William Bowers (202) 622-5721
CC: PSI

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

RIN: 1545-BE43
_______________________________________________________________________




2440. 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; 26 USC 7805;

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                            10/17/05                    70 FR 60256
Interim Final Rule completed by 
TD 9227                         10/17/05                    70 FR 60214
NPRM Comment Period End         12/16/05
Final Action                    06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Federal

Additional Information: REG-114444-05
Drafting attorney: Karen F. Keller (202) 283-7900
Reviewing attorney: Neil B. Worden (202) 283-7900
Treasury attorney: Michael Desmond (202) 622-1981
CC: GLS: CL

Agency Contact: Karen F. Keller, Senior Counsel, Department of the 
Treasury, Internal Revenue Service, 950 L'Enfant Plaza, SW, 2nd Floor, 
Washington, DC 20024
Phone: 202 283-7900
Email: [email protected]

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




2441. 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.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/21/06                    71 FR 35592
Final Action                    12/00/07

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
_______________________________________________________________________




2442. LIMITATION ON TRANSFER OF BUILT-IN LOSSES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 362(e); 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)(2).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/23/06                    71 FR 62067

[[Page 23080]]

NPRM Comment Period End         01/22/07
Final Action                    12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-110405-05
Drafting attorney: Joanne M. Fay (202) 622-8877
Reviewing attorney: Filiz Serbes (202) 622-3703
Treasury attorney: Marc Countryman (202) 622-9858
CC: COR

Agency Contact: Joanne M. Fay, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue, NW, Washington, DC 
20224
Phone: 202 622-8877
Email: [email protected]

Related RIN: Related to 1545-BE59
RIN: 1545-BE58
_______________________________________________________________________




2443. 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: The temporary regulations provide guidance concerning the tax 
consequences of converting a non-Roth IRA annuity to a Roth IRA. The 
regulations affect individuals establishing Roth IRAs, beneficiaries 
under Roth IRAs, trustees, custodians and issuers of Roth IRAs.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/22/05                    70 FR 48924
NPRM Comment Period End         11/21/05
Final Action                    12/00/07

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

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, Assistant Branch Chief, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-6090
Email: [email protected]

Related RIN: Related to 1545-BE66
RIN: 1545-BE65
_______________________________________________________________________




2444. ASSUMPTION OF LIABILITIES

Priority: Substantive, Nonsignificant

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                            05/26/05                    70 FR 30380
Final Action                    12/00/07

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
Reviewing attorney: T. Ian Russell (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
Fax: 202 622-4111
Email: [email protected]

Related RIN: Related to 1545-AX93
RIN: 1545-BE67
_______________________________________________________________________




2445. LIFE/NON-LIFE TACKING RULE

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 1502; 26 USC 7805; 26 USC 1503(c); 26 USC 
1504(c)

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                            04/25/06                    71 FR 23882
TEMP                            04/25/06                    71 FR 23856
NPRM Comment Period End         07/24/06
Final Action                    05/00/07

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

RIN: 1545-BE85
_______________________________________________________________________




2446. TREATMENT OF EXCESS LOSS ACCOUNTS

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:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/26/06                     71 FR 4319
NPRM Comment Period End         04/26/06
Final Action                    07/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

[[Page 23081]]

Additional Information: REG-138879-05
Drafting attorney: Theresa M. Kolish (202) 622-7530
Reviewing attorney: Lewis K. Brickates (202) 622-7530
CC: COR

Agency Contact: Theresa M. Kolish, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room 
5408, Washington, DC 20224
Phone: 202 622-7530
Fax: 202 622-7556
Email: [email protected]

RIN: 1545-BE87
_______________________________________________________________________




2447. 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 45G of the Internal Revenue 
Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/08/06                    71 FR 53052
NPRM Comment Period End         12/08/06
Final Action                    12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-142270-05
Drafting attorney: Winston H. Douglas (202) 622-3110
Reviewing attorney: Kathleen Reed (202) 622-3110
Treasury attorney: Sharon Kay (202) 622-0865
CC: PSI

Agency Contact: Winston H. Douglas, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3110
Email: [email protected]

Related RIN: Related to 1545-BE91
RIN: 1545-BE90
_______________________________________________________________________




2448. GUIDANCE UNDER SECTION 7874 FOR DETERMINING OWNERSHIP BY FORMER 
SHAREHOLDERS OR PARTNERS OF DOMESTIC ENTITIES

Priority: Substantive, Nonsignificant

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 percent 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                            12/28/05                    70 FR 76732
Final Action                    12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-143244-05
Drafting attorney: John J. Merrick (202) 622-3810
Reviewing attorney: Milton Cahn (202) 622-3810
CC: INTL

Agency Contact: John J. Merrick, Attorney-Advisor, 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
_______________________________________________________________________




2449. 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            06/00/07

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected:  Businesses

Government Levels Affected: None

Additional Information: REG-143453-05
Drafting attorney: Douglas Kim (202) 622-3110
Reviewing attorney: Kathleen Reed (202) 622-3110
Treasury attorney: John Parcell (202) 622-2578
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-BE96
RIN: 1545-BE97
_______________________________________________________________________




2450. APPLICATION OF SECTION 338 TO INSURANCE COMPANIES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 338; 26 USC 7805

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:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/10/06                    71 FR 18053
NPRM Comment Period End         07/10/06
Final Action                    12/00/07

[[Page 23082]]

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
Treasury attorney: Marc Countryman (202) 622-9858
CC: COR

Agency Contact: Mark J. 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
RIN: 1545-BF02
_______________________________________________________________________




2451. DESIGNATED ROTH ACCOUNTS UNDER SECTION 402A

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: Taxation of distributions from designated Roth accounts in 
qualified cash or deferred arrangements under IRC 401(K).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/26/06                     71 FR 4320
NPRM Comment Period End         04/26/06
Final Action                    06/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Undetermined

Additional Information: REG-146459-05
Drafting attorney: Cathy A. Vohs (202) 622-6090
Reviewing attorney: Lisa Mojiri-Azad (202) 622-6090
Treasury attorney: Harlan Weller (202) 622-1001
CC:TEGE

Agency Contact: Cathy A. Vohs, Assistant Branch Chief, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-6090
Email: [email protected]

Related RIN: Related to 1545-BF05
RIN: 1545-BF04
_______________________________________________________________________




2452. ELECTION TO EXPENSE CERTAIN REFINERIES (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 179C

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Provide guidance under section 179C of the Internal Revenue 
Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation            04/00/07

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected:  Businesses

Government Levels Affected: None

Additional Information: REG-146895-05
Drafting attorney: Ruba Nasrallah (202) 622-3110
Reviewing attorney: Kathleen Reed (202) 622-3110
Drafting attorney: John Parcell (202) 622-2578
CC: PSI

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

Related RIN: Related to 1545-BF05
RIN: 1545-BF06
_______________________________________________________________________




2453. NUCLEAR DECOMMISSIONING COSTS (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: Not Yet Determined

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: Temporary regulations under the Energy Tax Incentives Act of 
2005 concerning nuclear decommissioning costs.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulations           06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-147290-05
Drafting attorney: Bernard P. Harvey (202) 622-3110
Reviewing attorney: Peter C. Friedman (202) 622-3110
Treasury attorney: John Parcell (202) 622-2578
CC: PSI

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

Related RIN: Related to 1545-BF08
RIN: 1545-BF09
_______________________________________________________________________




2454. CHARITABLE CONTRIBUTIONS OF CERTAIN MOTOR VEHICLES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 170 (f)(12); 26 USC 6720

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations will clarify the rules for determining the 
fair market value of a vehicle contributed to charity. The regulations 
will provide rules for implementing the new laws, which govern the 
requirements for claiming a charitable contribution deduction for a 
donated vehicle, and impose penalties under certain circumstances on 
donee organizations (26 USC 170(f)(12) and 6720).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulations           12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses, Organizations

Government Levels Affected: None

Additional Information: REG-143755-05
Drafting attorney: Patricia M. Zweibel (202) 622-5020
Reviewing attorney: Karin Gross (202) 622-5020
Treasury attorney: Eric San Juan (202) 622-0224

[[Page 23083]]

CC: ITA

Agency Contact: Patricia Zweibel, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224
Phone: 202 622-5020

Related RIN: Related to 1545-BF29
RIN: 1545-BF10
_______________________________________________________________________




2455. CLEAN RENEWABLE ENERGY BONDS (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: PL 109-58, sec 1303(d); 26 USC 54

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Section 54 of the Code allows certain specified entities to 
issue Clean Renewable Energy Bonds. Taxpayers who purchase these bonds 
are entitled to a credit against income tax in lieu of receiving 
interest payments from the Clean Renewable Energy Bond issuers. These 
regulations explain the requirements for issuing the bonds and for 
claiming the tax credit.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation            07/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: Local, State, Tribal

Additional Information: REG-148071-05
Drafting attorney: Aviva M. Roth (202) 622-3980
Reviewing attorney: Timothy L. Jones (202) 622-1380
Treasury attorney: John Cross (202) 622-1322
CC: TEGE

Agency Contact: Aviva M. Roth, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW, Room 4013, 
Washington, DC 20224
Phone: 202 622-3980
Email: [email protected]

Related RIN: Related to 1545-BF11
RIN: 1545-BF12
_______________________________________________________________________




2456. RULES UNDER SECTION 302 OF THE KATRINA EMERGENCY TAX RELIEF ACT OF 
2005

Priority: Substantive, Nonsignificant

Legal Authority: PL 109-73, sec 302; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will provide rules relating to the $500 
deduction from taxable income allowed under section 302 of the Katrina 
Emergency Tax Relief Act of 2005 (KETRA) to individuals for housing a 
Hurricane Katrina displaced individual.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/12/06                    71 FR 74482
Interim Final Rule completed by 
TD 9301                         12/12/06                    71 FR 74467
NPRM Comment Period End         03/12/07
Final Action                    12/00/07

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-152043-05
Drafting attorney: Marnette M. Myers (202) 622-4920
Reviewing attorney: Michael J. Montemurro (202) 622-4920
Treasury attorney: Eric San Juan (202) 622-0224
CC: ITA

Agency Contact: Marnette M. Myers, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave NW, 
Washington, DC 20224
Phone: 202 622-4920

Related RIN: Related to 1545-BF89
RIN: 1545-BF14
_______________________________________________________________________




2457. REVISION OF TREASURY REGULATION SECTION 1.1561-3 TO COMPLY WITH 
COMMISSIONER'S E-FILE PROGRAM AND WITH THE RECOMMENDATIONS OF TIGTA 
REPORT

Priority: Info./Admin./Other

Legal Authority: 26 USC 1561; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These temporary regulations simplify, clarify, or eliminate 
reporting burdens. These regulations also eliminate regulatory 
impediments to the electronic filing of certain statements that 
taxpayers are required to include on or with their Federal income tax 
returns.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/30/06                    71 FR 30640
Interim Final Rule Completed by 
TD 9264                         06/30/06                    71 FR 30591
NPRM Comment Period End         08/28/06
Final Action                    07/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-134317-05
Drafting attorney: Grid R. Glyer (202) 622-7930
Reviewing attorney: Steve Hankin (202) 622-7930
CC: COR

Agency Contact: Grid R. Glyer, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 
20224
Phone: 202 622-7324
Fax: 202 622-6298
Email: [email protected]

RIN: 1545-BF16
_______________________________________________________________________




2458. CREDIT FOR PRODUCTION FROM ADVANCED NUCLEAR POWER FACILITIES 
(TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 45J

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: Temporary regulations will provide guidance for 
implementation of new section 45J; in particular, regulations will 
provide a certification process for approval and allocation of the 
National Megawatt Limitation.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation            06/00/07

Regulatory Flexibility Analysis Required: No

[[Page 23084]]

Small Entities Affected: No

Government Levels Affected: Undetermined

Additional Information: REG-157616-05
Drafting attorney: Patrick S. Kirwan (202) 622-3110
Reviewing attorney: Peter Friedman (202) 622-3110
Treasury attorney: John Parcell (202) 622-2578
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
Email: [email protected]

Related RIN: Related to 1545-BF19
RIN: 1545-BF20
_______________________________________________________________________




2459. SUBCHAPTER S BANKS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 1363; 26 USC 7805

CFR Citation: None

Legal Deadline: None

Abstract: Application of special bank rules under section 1363 to S 
corporation and QSub banks.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/18/06                    71 FR 50007
NPRM Comment Period End         11/22/06
Final Action                    04/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-158677-05
Drafting attorney: Laura C. Fields (202) 622-3050
Reviewing attorney: Dianna K. Miosi (202) 622-3050
Treasury attorneys: Michael Novey (202) 622-1339 and William Bowers 
(202) 622-5721
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-BF24
_______________________________________________________________________




2460. SECTION 3121(A)(5)(D) REGULATION (SALARY REDUCTION AGREEMENT) 
(TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 6302

CFR Citation: 26 CFR 31

Legal Deadline: None

Abstract: The temporary regulation defines the term ``salary reduction 
agreement'' within the meaning of section 3121(a)(5)(D) as a plan or 
arrangement whereby payment will be made by an employer to an annuity 
described in section 403(b) if an employee elects to reduce his 
compensation or if an employee agrees as a condition of employment to 
make a mandatory contribution that reduces his compensation.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Governmental Jurisdictions, Organizations

Government Levels Affected: Local, State

Additional Information: REG-155608-02
Drafting attorney: Neil D. Shephard (202) 622-6040
Reviewing attorney: Lynne A. Camillo (202) 622-6040
CC:TEGE

Agency Contact: Neil D. Shepherd, Senior Counsel, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-6040
Email: [email protected]

Related RIN: Previously reported as 1545-BB64
RIN: 1545-BF35
_______________________________________________________________________




2461. FAILURE TO MAINTAIN LIST OF ADVISEES WITH RESPECT TO REPORTABLE 
TRANSACTIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 301.6708-1T

Legal Deadline: None

Abstract: Temporary regulation regarding the penalty imposed under 
section 6708 for a person required to maintain a list under section 
6112 who fails to make the list available upon the request of the 
Secretary.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              12/00/07

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-160873-04
Drafting attorney: Lawrence E. Mack (202) 622-4940
Reviewing attorney: Nancy M. Galib (202) 622-8523
CC: PA: APJ

Agency Contact: Lawrence E. Mack, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224
Phone: 202 622-4940
Email: [email protected]

RIN: 1545-BF38
_______________________________________________________________________




2462. ACCURACY-RELATED PENALTIES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6662A; 26 USC 6662; 26 USC 6664; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Temporary regulations regarding the new provisions and 
amendments made to code sections 6662, 6662A, and 6664 by the American 
Jobs Creation Act of 2004 and the Gulf Opportunity Zone Act of 2005.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulations           07/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-160870-04
Drafting attorney: Laura R. Urich (202) 622-4940

[[Page 23085]]

Reviewing attorney: Ashton P. Trice (202) 622-4940
Treasury attorney: Mike Desmond (202) 622-1981
CC: PA: APJ

Agency Contact: Laura Rebecca Urich, Attorney Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4940
Fax: 202 622-1585
Email: [email protected]

RIN: 1545-BF41
_______________________________________________________________________




2463. REGULATIONS UNDER SECTIONS 501(C)(3) AND 4958 ON REVOCATION 
STANDARDS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1.501(c)(3)-1(d)(1)(ii)(a); 26 CFR 1.501(c)(3)-
1(g); 26 CFR 53.4958-2(a)(6)

Legal Deadline: None

Abstract: Final regulations will clarify the substantive requirements 
for tax exemption under section 501(c)(3) and the relationship between 
those requirements and the imposition of excise taxes under section 
4958.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Rule                      06/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-111244-05
Drafting attorney: Galina V. Kolomietz (202) 622-6070
Reviewing attorney: Paul Accettura (202) 622-8464
Treasury attorneys: Eric San Juan (202) 622-0224 and Susan Brown (202) 
622-0999
CC: TEGE

Agency Contact: Galina V. Kolomietz, General Attorney, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Room 4408, Washington, DC 20024
Phone: 202 622-6070
Fax: 202 622-1036

RIN: 1545-BF44
_______________________________________________________________________




2464. APPLICATION OF SEPARATE LIMITATIONS TO DIVIDENDS FROM 
NONCONTROLLED SECTION 902 CORPORATION (TEMPORARY)

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

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

CFR Citation: 26 CFR 1

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, generally effective retroactively for tax years beginning 
after December 31, 2002. The Gulf Opportunity Zone Act of 2005 permits 
taxpayers to elect to defer the effective date of the AJCA amendments 
to tax years beginning after December 31, 2004. 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                            04/25/06                    71 FR 24516
NPRM Comment Period End         07/24/06
Final Action                    06/00/07

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

Related RIN: Related to 1545-BB28
RIN: 1545-BF46
_______________________________________________________________________




2465. SPECIAL RULES UNDER SECTION 7874

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 special rules amplifying the 
provisions of section 7874.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/06/06                    71 FR 32495
NPRM Comment Period End         09/05/06
Public Hearing                  10/24/06                    71 FR 32495
Final Action                    12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-112994-06
Drafting attorney: Milton M. 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: 202 622-3860

RIN: 1545-BF47
_______________________________________________________________________




2466. SECTION 1221(A)(4) CAPITAL ASSET EXCLUSION FOR ACCOUNTS AND NOTES 
RECEIVABLE

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This final rule will clarify when accounts or notes 
receivable are treated as acquired for services rendered within the 
meaning of IRC section 1221(a)(4). The notice of proposed rulemaking 
would provide than an account or note receivable is not described in 
section 1221(a)(4) if, in exchange for the account or note receivable, 
the taxpayer provides more than de minimis consideration other

[[Page 23086]]

than services and property described in section 1221(a)(1) or the 
account or note receivable is issued by someone other than the party 
acquiring the services or property described in section 1221(a)(1).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/07/06                    71 FR 40600
NPRM Comment Period End         11/06/06
Final Action                    07/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-109367-06
Drafting attorney: Kevin S. Brown (202) 622-3920
Reviewing attorneys: Patrick E. White (202) 622-4329 and
 Dale Collinson (202) 622-4502
Treasury attorney: Michael Novey (202) 622-1339
CC: FI

Agency Contact: Kevin Scott Brown, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room 
3539, Financial Institutions and Products, Branch 1, Washington, DC 
20224
Phone: 202 622-3920

RIN: 1545-BF52
_______________________________________________________________________




2467. SECTION 6707 AND THE FAILURE TO FURNISH INFORMATION REGARDING 
REPORTABLE TRANSACTIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 301.6707-1; 26 CFR 1.6091-1

Legal Deadline: None

Abstract: Temporary regulations regarding the imposition of penalities 
under section 6707 of the Internal Revenue Code on material advisors 
who fail to file a return under section 6111(a) or file false or 
incomplete information with respect to a reportable transaction.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              06/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-160872-04
Drafting attorney: Matthew S. Cooper (202) 622-4940
Reviewing attorney: Ashton Trice (202) 622-4940
CC: PA: APJ

Agency Contact: Matthew S. Cooper, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room 
5135, Washington, DC 20224
Phone: 202 622-4940
Fax: 202 622-1585
Email: [email protected]

RIN: 1545-BF60
_______________________________________________________________________




2468. SECTION 6707A AND THE FAILURE TO INCLUDE ON ANY RETURN OR 
STATEMENT ANY INFORMATION REQUIRED TO BE DISCLOSED UNDER SECTION 6011 
WITH RESPECT TO A REPORTABLE TRANSACTION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 301.6707-1

Legal Deadline: None

Abstract: Temporary regulations regarding the imposition of penalties 
under section 6707A of the Internal Revenue Code for the failure to 
include on any return or statement any information required to be 
disclosed under section 6011 with respect to a reportable transaction.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              07/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-160868-04
Drafting attorney: Dillon J. Taylor (202) 622-4940
Reviewing attorney: Ashton Trice (202) 622-4940
CC: PA: APJ

Agency Contact: Dillon Taylor, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW, Room 5127, 
Washington, DC 20224
Phone: 202 622-4940
Fax: 202 622-1585
Email: [email protected]

Related RIN: Related to 1545-BF61
RIN: 1545-BF62
_______________________________________________________________________




2469. CLARIFICATION OF SECTION 6411 REGULATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6411

CFR Citation: 26 CFR 1.6411-2T; 26 CFR 1.6411-3T

Legal Deadline: None

Abstract: These temporary regulations clarify that, after being 
computed under the terms of the section 1.6411-2 regulations, a 
tentative carryback adjustment may be reduced under section 1.6411-3 by 
unassessed amounts. In order to account for the IRS' current 
organizational structure, the proposed regulations removes the titles 
district director and service center director throughout.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-118886-06
Drafting attorney: Cynthia A. McGreevy (202) 622-4910
Reviewing attorneys: Pamela Fuller (202) 622-3600 and Curtis Wilson 
(202) 622-7800
Treasury attorney: Michael Desmond (202) 622-1981
CC: PA: APJ

Agency Contact: Cynthia A. McGreevy, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4910
Fax: 202 927-9248
Email: [email protected]

RIN: 1545-BF66

[[Page 23087]]

_______________________________________________________________________




2470. DETERMINATION OF INTEREST EXPENSE DEDUCTION OF FOREIGN 
CORPORATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 882

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These rules provide the allocation of interest expense of 
foreign corporations to income effectively connected with a trade or 
business within the United States, and coordination with the branch 
profits tax and income tax treaties.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/17/06                    71 FR 47459
NPRM Comment Period End         11/15/06
Final Action                    12/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-120509-06
Drafting attorney: Gregory A. Spring (202) 622-3870
Reviewing attorney: Paul S. Epstein (202) 622-3870
Treasury attorney: Jesse Eggert (202) 622-1540
CC:INTL

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

Related RIN: Related to 1545-BF70
RIN: 1545-BF71
_______________________________________________________________________




2471. DEFINITION OF TAXPAYER FOR PURPOSES OF SECTION 901 AND RELATED 
MATTERS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The application of existing Treas. Reg. section 1.901-2(f) is 
unclear in certain circumstances, including circumstances in which 
foreign law permits foreign corporations to determine their taxable 
income and tax liability on a combined basis. Amendments are needed to 
clarify the application of Treas. Reg. section 1.901-2 in such 
circumstances. In some cases, such as cases involving reverse hybrid 
entities, the application of existing Treas. Reg. section 1.901-2(f) 
reaches inappropriate results. Amendments are needed to change the 
results in such cases.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/04/06                    71 FR 44240
NPRM Comment Period End         10/03/06
Final Action                    06/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-124152-06
Drafting Attorney: Bethany Ingwalson (202) 622-3850
Reviewing Attorney: Barbara Felker (202) 622-3850
CC:INTL

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

RIN: 1545-BF73
_______________________________________________________________________




2472. TAX INCREASE PREVENTION AND RECONCILIATION ACT OF 2005 AMENDMENTS 
TO SECTION 199

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 199; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Proposed regulations involving changes made by the Tax 
Increase Prevention and Reconciliation Act of 2005 to the definition of 
W-2 wages and partnership allocations of W-2 wages.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/19/06                    71 FR 61692
NPRM Comment Period End         01/17/07
Final Action                    12/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Undetermined

Additional Information: REG-127819-06
Drafting attorney: Lauren R. Taylor (202) 622-3040
Reviewing attorney: Paul Handleman (202) 622-3040
Treasury attorney: Sharon Kay (202) 622-0865
CC: PSI

Agency Contact: Lauren R. Taylor, General Attorney (Tax), Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Room 5111, Washington, DC 20224
Phone: 202 622-3040
Fax: 202 622-4753
Email: [email protected]

RIN: 1545-BF79
_______________________________________________________________________




2473. RETURN REQUIRED BY SUBCHAPTER T COOPERATIVES UNDER SECTION 6012

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR part 1

Legal Deadline: None

Abstract: This regulation will prescribe the form that cooperatives 
must use to file their income tax returns.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    07/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-149436-04
Drafting attorney: Matthew P. Howard (202) 622-4910
Reviewing attorney: James C. Gibbons (202) 622-4910
CC: PA: APJ

Agency Contact: Matthew P. Howard, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room 
5533, Washington, DC 20024
Phone: 202 622-4910

RIN: 1545-BF82
_______________________________________________________________________




2474. GUIDANCE REGARDING SCOPE OF SECTION 368(A)(1)(D)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: Not Yet Determined

[[Page 23088]]

Legal Deadline: None

Abstract: The IRS is issuing temporary regulations relating to the 
distribution requirement under sections 368(a)(1)(D) and 354(b)(1)(B). 
The text of the regulations also serves as the text of proposed 
regulations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/19/06                    71 FR 75898
NPRM Comment Period End         03/19/07
Final Action                    12/00/07

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-125632-06
Drafting attorney: Bruce Decker (202) 622-8039
Reviewing attorney: Lisa Fuller (202) 622-7152
Treasury attorney: Marc Countryman (202) 622-9858
CC: COR

Agency Contact: Bruce Decker, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 
20224
Phone: 202 622-8039
Fax: 202 622-4111
Email: [email protected]

RIN: 1545-BF83
_______________________________________________________________________




2475. SOURCE RULES INVOLVING U.S. POSSESSIONS AND OTHER CONFORMING 
CHANGES

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

Legal Authority: 26 USC 937(b); 26 USC 7654(e); 26 USC 7805

CFR Citation: 26 CFR 1.931-1; 26 CFR 1.932-1; 26 CFR 1.933-1; 26 CFR 
1.934-1; 26 CFR 1.935-1; 26 CFR 1.937-2; 26 CFR 1.937-3

Legal Deadline: None

Abstract: The section 937 regulations 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 a U.S. possession. Regulations under sections 931 
through 935 provide rules relating to specific U.S. possessions. In 
addition, these regulations will make conforming changes to regulations 
under related sections concerning or cross-referencing the possessions 
provisions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    06/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-133712-06
Drafting attorney: John David Varley (202) 435-5165
Reviewing attorney: Douglas Giblen (202) 435-5146
Treasury attorney: Gretchen Sierra (202) 622-1755
CC: INTL

Agency Contact: John David Varley, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 435-5262

Related RIN: Related to 1545-BC86, Related to 1545-BE22
RIN: 1545-BF85
_______________________________________________________________________




2476. SECTION 181--DEDUCTION FOR QUALIFIED FILM AND TELEVISION 
PRODUCTION COSTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: None

Legal Deadline: None

Abstract: Further guidance under section 181.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/09/07                     72 FR 6190
NPRM Comment Period End         04/10/07
Final Action                    12/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-115403-05
Drafting attorney: Bernard P. Harvey (202) 622-3110
Reviewing attorney: Charles B. Ramsey (202) 622-3110
Treasury attorney: Dennis Tingey (202) 622-1335
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

Related RIN: Related to 1545-BF95
RIN: 1545-BF94
_______________________________________________________________________




2477. [bull] EMPLOYER COMPARABLE CONTRIBUTIONS TO HEALTH SAVINGS 
ACCOUNTS (HSAS)--NO HSA OPENED.

Priority: Substantive, Nonsignificant

Legal Authority: Not Yet Determined

CFR Citation: 26 CFR 54

Legal Deadline: None

Abstract: A notice of proposed rulemaking provides guidance on employer 
contributions to Health Savings Accounts (HSAs) under section 4980G in 
instance where an employee has not established an HSA by the end of the 
calendar year.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    06/00/07

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Additional Information: REG-128671-06
Drafting attorney: Mireille Khoury (202) 622-6080
Reviewing attorney: Harry Becker (202) 622-6080
Treasury attorney: Kevin Knopf (202) 622-2329
CC: TEGE

Agency Contact: Mireille T. Khoury, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Consitution Avenue, NW, 
Washington, DC 20224
Phone: 202 622-6080
Fax: 202 622-7865
Email: [email protected]

RIN: 1545-BF97

[[Page 23089]]

_______________________________________________________________________




2478. [bull] EXCLUSION OF INCOME FROM THE INTERNATIONAL OPERATION OF 
SHIPS OR AIRCRAFT (TEMPORARY)

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

Legal Authority: 26 USC 7805; 26 USC 883

CFR Citation: 26 CFR 1.883-0; 26 CFR 1.883-1; 26 CFR 1.883-2; 26 CFR 
1.883-3; 26 CFR 1.883-4; 26 CFR 1.883-5;

Legal Deadline: None

Abstract: The regulation will address amendments to section 1.883-3 
regulations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Federalism:  Undetermined

Additional Information: REG-138707-06
Drafting Attorney: Patricia A. Bray (202) 622-3880
Reviewing Attorney: Elizabeth U. Karzon (202) 622-3880
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

Related RIN: Related to 1545-BF90
RIN: 1545-BG00
_______________________________________________________________________




2479. [bull] ELECTRONIC PAYMENT SYSTEM MAILBOX RULE

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6302; 26 USC 6311

CFR Citation: 31 CFR 6302-1(h)(6); 31 CFR 6311-2(b)

Legal Deadline: None

Abstract: Proposed and temporary regulations extending the time by 
which a taxpayer may initiate an electronic tax payment and still have 
such payment be considered a timely payment.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              12/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-145147-05
Drafting attorney: Natasha Mulleneaux (202) 622-4604
Reviewing attorney: Charles A. Hall (202) 622-4940
CC: PA: APJ

Agency Contact: Natasha M. Mulleneaux, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave, NW, 
Washington, DC 20224
Phone: 202 622-4604
Fax: 703 605-1959
Email: [email protected]

RIN: 1545-BG06
_______________________________________________________________________




2480. [bull] SECTION 7508A REGULATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7508; 26 USC 7508A

CFR Citation: 26 CFR 301.7508A-1 (Revision)

Legal Deadline: None

Abstract: Temporary regulations for postponement of certain tax-related 
deadlines by reason of Presidentially Declared Disaster Area.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              12/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-142680-06
Drafting attorney: Melissa C. Quale (202) 622-7495
Reviewing attorney: Charles A. Hall (202) 622-7269
CC: PA: APJ

Agency Contact: Melissa C. Quale, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue, NW, Washington, DC 
20224
Phone: 202 622-7495
Fax: 703 605-1959
Email: [email protected]

Related RIN: Related to 1545-BG16
RIN: 1545-BG17
_______________________________________________________________________




2481. [bull] CALCULATING AND APPORTIONING THE SECTION 11(B)(1) 
ADDITIONAL TAX UNDER SECTION 1561 FOR CONTROLLED GROUPS

Priority: Info./Admin./Other

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 301.7805

Legal Deadline: None

Abstract: The project will provide guidance to component members of 
controlled groups in calculating and apportioning the section 11(b)(1) 
additional tax.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-104713-07
Drafting attorney: Grid R. Glyer (202) 622-7324
Reviewing attorney: Steven Hankin (202) 622-7930
Treasury attorney: Marc Countryman (202) 622-9858
CC: COR

Agency Contact: Grid R. Glyer, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 
20224
Phone: 202 622-7324
Fax: 202 622-6298
Email: [email protected]

Related RIN: Related to 1545-BG39
RIN: 1545-BG40
_______________________________________________________________________




2482. [bull] QUALIFIED ZONE ACADEMY BONDS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 1397E; 26 USC 7805

CFR Citation: 26 CFR 1.1397E-1

Legal Deadline: None

[[Page 23090]]

Abstract: Temporary regulations providing guidance to state and local 
governments that issue qualified zone academy bonds and to banks, 
insurance companies, and other taxpayer hold those bonds regarding the 
program requirements for qualified zone academy bonds under section 
1397E of the Internal Revenue Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              12/00/07

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
CC: TEGE

Agency Contact: Zoran Stojanovic, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3980
Fax: 202 622-4437
Email: [email protected]

Related RIN: Related to 1545-BC61
RIN: 1545-BG44
_______________________________________________________________________




2483. [bull] DEEMED IRAS IN GOVERNMENTAL PLANS/QUALIFIED NONBANK TRUSTEE 
RULES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 408(q); 26 USC 7805

CFR Citation: 26 CFR 1.408-2(e); 26 CFR 1.408(a); 26 CFR 1.408(q)-
1(f)(1)

Legal Deadline: None

Abstract: Finalizing temporary regulations allowing governmental 
entities to act as nonbank trustees for deemed IRAs which are part of 
the entities' qualified plan.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    04/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Local, State

Additional Information: REG-101447-04
Drafting attorney: Linda L. Conway (202) 622-6952
Reviewing attorney: Cathy A. Vohs (202) 622-6090
Treasury attorney: Harlan Weller (202) 622-1001
CC: TEGE

Agency Contact: Linda L. Conway, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-6952
Fax: 202 622-1036
Email: [email protected]

RIN: 1545-BG46
_______________________________________________________________________




2484. [bull] EMPLOYMENT TAX ADJUSTMENTS

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

Legal Authority: 26 USC 6205; 26 USC 6413

CFR Citation: 26 CFR 31.6205-1; 26 CFR 31.6413(a)-1; 26 CFR 31.6413-
(a)-2

Legal Deadline: None

Abstract: Temporary amendment of section 31.6205-1, section 31.6413(a)-
1, and section 31.6413(a)-2 of the Employment Tax Regulations to 
provide guidance for employers and employees relating to the adjustment 
process for employment taxes.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-111583-07
Drafting attorney: Ligeia M. Donis (202) 622-0047
Reviewing attorney: Janine Cook (202) 622-0047
Treasury attorney: Kevin Knopf (202) 622-2329
CC: TEGE

Agency Contact: Ligeia M. Donis, General Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room 
4006, Washington, DC 20224
Phone: 202 622-0047
Fax: 202 622-5697
Email: [email protected]

Related RIN: Related to 1545-BG50
RIN: 1545-BG51
_______________________________________________________________________


Department of the Treasury (TREAS)                    Long-Term Actions


Internal Revenue Service (IRS)



_______________________________________________________________________




2485. 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
_______________________________________________________________________




2486. INCOME OF FOREIGN GOVERNMENTS AND INTERNATIONAL ORGANIZATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

[[Page 23091]]

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
_______________________________________________________________________




2487. 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: Thomas A. Vidano
Phone: 202 435-5265

RIN: 1545-AM91
_______________________________________________________________________




2488. 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
_______________________________________________________________________




2489. 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
_______________________________________________________________________




2490. INFORMATION REPORTING AND RECORD MAINTENANCE

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: Gregory A. Spring
Phone: 202 622-3870

RIN: 1545-AP10
_______________________________________________________________________




2491. 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: Jeffrey L. Parry
Phone: 202 622-3850

RIN: 1545-AQ55
_______________________________________________________________________




2492. 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: 202 622-6080

RIN: 1545-AQ61
_______________________________________________________________________




2493. DEFINITION OF CASH VALUE

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: James A. Polfer
Phone: 202 622-3970
Fax: 202 622-6275
Email: [email protected]

RIN: 1545-AQ70
_______________________________________________________________________




2494. 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
Email: [email protected]

RIN: 1545-AT82
_______________________________________________________________________




2495. FOREIGN CORPORATIONS REGULATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

[[Page 23092]]

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
_______________________________________________________________________




2496. 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
_______________________________________________________________________




2497. 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
_______________________________________________________________________




2498. AUTHORIZED PLACEMENT AGENCY

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/30/00                    65 FR 71277
Second NPRM                     07/00/08

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Victoria J. Driscoll
Phone: 202 622-4920
Fax: 202 622-6853

Related RIN: Related to 1545-BE40
RIN: 1545-AY18
_______________________________________________________________________




2499. 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
_______________________________________________________________________




2500. PAYMENTS FOR INTEREST IN PARTNERSHIP

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/08

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
_______________________________________________________________________




2501. AMENDMENT TO THE DEFINITION OF REFUNDING

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1.150-1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/10/02                    67 FR 17309


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Local, State

Agency Contact: Vassiliki Tsilas
Phone: 202 622-3980
Email: [email protected]

RIN: 1545-BA46
_______________________________________________________________________




2502. 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: Jason A. Bremer
Phone: 202 622-7951
Email: [email protected]

RIN: 1545-BA99
_______________________________________________________________________




2503. TOLL TELEPHONE SERVICE--DEFINITION

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 49

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/01/03                    68 FR 15690
Hearing                         09/10/03                    68 FR 35828


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Taylor Cortright
Phone: 202 622-7055

RIN: 1545-BB18

[[Page 23093]]

_______________________________________________________________________




2504. MIXED USE OUTPUT FACILITIES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           09/23/02                    67 FR 59767
NPRM                            09/26/06                    71 FR 56072
Public Hearing set for 01/11/
2007                            09/26/06                    71 FR 56072


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Local, State

Agency Contact: Johanna Som de Cerff
Phone: 202 622-3980

Related RIN: Merged with 1545-BC07
RIN: 1545-BB23
_______________________________________________________________________




2505. GENERAL ALLOCATION AND ACCOUNTING REGULATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/26/06                    71 FR 56072
Public Hearing set for 01/11/
2007                            09/26/06                    71 FR 56072


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Local, State

Agency Contact: Johanna Som de Cerff
Phone: 202 622-3980

Related RIN: Merged with 1545-BB23
RIN: 1545-BC07
_______________________________________________________________________




2506. 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
NPRM 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
_______________________________________________________________________




2507. CONTINGENT AT CLOSING ESCROWS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1; 26 CFR 602

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Steven J. Gee
Phone: 202 622-4970
Email: [email protected]

Related RIN: Related to 1545-AR82
RIN: 1545-BC16
_______________________________________________________________________




2508. SUBSTITUTE FOR RETURN (SFR) AND AUTOMATED SUBSTITUTE FOR RETURN 
(ASFR)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 301

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/18/05                    70 FR 41165
NPRM Comment Period End         10/17/05
Hearing                         03/08/06


Next Action Undetermined

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Agency Contact: Laura Rebecca Urich
Phone: 202 622-4940
Fax: 202 622-1585
Email: [email protected]

Related RIN: Related to 1545-BC46
RIN: 1545-BC45
_______________________________________________________________________




2509. TRANSACTIONS INVOLVING THE TRANSFER OF NO NET EQUITY VALUE

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/10/05                    70 FR 11903
NPRM Comment Period End         06/08/05


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
_______________________________________________________________________




2510. REVISION OF SECTION 301.6103(J)-1 FOR DISCLOSURE TO THE BUREAU OF 
ECONOMIC ANALYSIS, DEPARTMENT OF COMMERCE

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/06/06                    71 FR 38323
NPRM Comment Period End         10/04/06
Final Action                    07/00/09

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Joel D. McMahan
Phone: 202 622-4580

RIN: 1545-BC93
_______________________________________________________________________




2511. RETURN FOR SUBCHAPTER T COOPERATIVES

Priority: Substantive, Nonsignificant. 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
NPRM Comment Period End         10/27/05


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Matthew P. Howard
Phone: 202 622-4910

RIN: 1545-BD92

[[Page 23094]]

_______________________________________________________________________




2512. EMPLOYER'S ANNUAL FEDERAL EMPLOYMENT TAX RETURN--FORM 944

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

CFR Citation: 26 CFR 31

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/03/06                       71 FR 46
NPRM Comment Period End         04/03/06


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
_______________________________________________________________________




2513. RETURN FOR SUBCHAPTER T COOPERATIVES (TEMPORARY)

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: Matthew P. Howard
Phone: 202 622-4910

Related RIN: Related to 1545-BD92
RIN: 1545-BD98
_______________________________________________________________________




2514. 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: Stuart Spielman
Phone: 202 622-3574
Fax: 202 622-7862
Email: [email protected]

RIN: 1545-BE07
_______________________________________________________________________




2515. INFORMATION RETURNS BY DONEES RELATING TO QUALIFIED INTELLECTUAL 
PROPERTY CONTRIBUTIONS

Priority: Substantive, Nonsignificant

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: Matthew P. Howard
Phone: 202 622-4910

RIN: 1545-BE11
_______________________________________________________________________




2516. DEFINITION OF DEPENDENT AND OTHER RELATED PROVISIONS

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

CFR Citation: Not Yet Determined

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/00/08

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Victoria J. Driscoll
Phone: 202 622-4920
Fax: 202 622-6853

RIN: 1545-BE40
_______________________________________________________________________




2517. SIMPLIFICATION OF EXTENSION PROCESS UNDER SECTION 6081

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

CFR Citation: 26 CFR 1; 26 CFR 53; 26 CFR 55; 26 CFR 156; 26 CFR 301

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/07/05                    70 FR 67397


Next Action Undetermined

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Charles A. Hall
Phone: 202 622-4940
Email: [email protected]

Related RIN: Related to 1545-BE63
RIN: 1545-BE62
_______________________________________________________________________




2518. FOREIGN CURRENCY CONTRACT DEFINED

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: Lauren J. Medovoy
Phone: 202 622-3920
Fax: 202 622-7970
Email: [email protected]

Related RIN: Related to 1545-BE83
RIN: 1545-BE82
_______________________________________________________________________




2519. FOREIGN CURRENCY CONTRACT DEFINED (TEMPORARY)

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: Lauren J. Medovoy
Phone: 202 622-3920
Fax: 202 622-7970
Email: [email protected]

Related RIN: Related to 1545-BE82
RIN: 1545-BE83
_______________________________________________________________________




2520. PROCEDURES FOR ADMINISTRATIVE REVIEW OF A DETERMINATION THAT AN 
AUTHORIZED RECIPIENT HAS FAILED TO SAFEGUARD FEDERAL TAX RETURNS OR 
RETURN INFORMATION

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 301

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/24/06                     71 FR 9487
NPRM Comment Period End         05/25/06
Final Action                    02/00/09

[[Page 23095]]

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Charles B. Christopher
Phone: 202 622-4580

Related RIN: Previously reported as 1545-BF22
RIN: 1545-BF21
_______________________________________________________________________




2521. REVISION OF REGULATIONS TO COMPLY WITH COMMISSIONER'S E-FILE 
PROGRAM

Priority: Info./Admin./Other

CFR Citation: 26 CFR 301

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/22/06                    71 FR 76955
NPRM Comment Period End         03/22/07


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Grid R. Glyer
Phone: 202 622-7324
Fax: 202 622-6298
Email: [email protected]

Related RIN: Related to 1545-BF26
RIN: 1545-BF25
_______________________________________________________________________




2522. DEBT SATISFIED BY A PARTNERSHIP INTEREST

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/08

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Agency Contact: Megan A. Stoner
Phone: 202 622-3070
Email: [email protected]

RIN: 1545-BF27
_______________________________________________________________________




2523. TREATMENT OF PAYMENTS IN LIEU OF TAXES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1.141-4(e)(5)

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/19/06                    71 FR 61693
NPRM Comment Period End         01/16/07


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Vassiliki Tsilas
Phone: 202 622-3980
Email: [email protected]

Carla A. Young
Phone: 202 622-3980
Fax: 202 622-4437
Email: [email protected]

RIN: 1545-BF87
_______________________________________________________________________




2524. [bull] SECTION 382 OWNERSHIP CHANGE

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 382(m); 26 USC 7805

CFR Citation: 26 CFR 1.382-2T

Legal Deadline: None

Abstract: This regulation provides rules for determining when an 
ownership change has occurred under section 382 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-209159-86
Drafting attorney: Keith E. Stanley (202) 622-7750
Reviewing attorney: Mark S. Jennings (202) 622-7750
CC: COR

Agency Contact: Keith E. Stanley, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Stop 
5420, Washington, DC 20224
Phone: 202 622-7750
Fax: 202 622-7555
Email: [email protected]

RIN: 1545-BF99
_______________________________________________________________________




2525. [bull] TAXES ON PROHIBITED TAX SHELTER TRANSACTIONS AND RELATED 
DISCLOSURE REQUIREMENTS (SECTION 610 REVIEW)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 53.4965; 26 CFR 1.6033-4

Legal Deadline: None

Abstract: Proposed regulations that would provide guidance under 
section 4965 of the Internal Revenue Code relating to excise taxes on 
prohibited tax shelter transactions to which tax-exempt entities are 
parties and guidance under sections 6033(a)(2) and 6011(g) of the 
Internal Revenue Code relating to disclosure obligations with respect 
to such transactions.

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected:  Businesses, Governmental Jurisdictions, 
Organizations

Government Levels Affected: Undetermined

Federalism:  Undetermined

Additional Information: REG-142039-06
Drafting attorney: Galina V. Kolomietz (202) 622-6070
Reviewing attorney: Michael Blumenfeld (202) 622-1124
CC: TEGE

Agency Contact: Galina V. Kolomietz, General Attorney, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Room 4408, Washington, DC 20024
Phone: 202 622-6070
Fax: 202 622-1036

Related RIN: Related to 1545-BG19
RIN: 1545-BG18
_______________________________________________________________________




2526. [bull] DISCLOSURE REQUIREMENTS WITH RESPECT TO PROHIBITED TAX 
SHELTER TRANSACTIONS (SECTION 610 REVIEW)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

[[Page 23096]]

CFR Citation: 26 CFR 1.6033-4

Legal Deadline: None

Abstract: Temporary regulations that would provide guidance under 
sections 6033(a)(2) and 6011(g) of the Internal Revenue Code relating 
to disclosure obligations with respect to prohibited tax shelter 
transactions to which tax-exempt entities are parties.

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected:  Businesses, Governmental Jurisdictions, 
Organizations

Government Levels Affected: Undetermined

Federalism:  Undetermined

Additional Information: REG-142039-06
Drafting attorney: Galina V. Kolomietz (202) 622-6070
Reviewing attorney: Michael Blumenfeld (202) 622-1124
CC: TEGE

Agency Contact: Galina V. Kolomietz, General Attorney, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Room 4408, Washington, DC 20024
Phone: 202 622-6070
Fax: 202 622-1036

Related RIN: Related to 1545-BG18
RIN: 1545-BG19
_______________________________________________________________________




2527. [bull] REGULATIONS TO PRESCRIBE FORMS FOR PAYMENT OF SECTION 4965 
TAXES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 53.6011-1; 26 CFR 53.6071-1; 26 CFR 54.6011-1

Legal Deadline: None

Abstract: These regulations provide that certain tax-exempt entities 
(``non-plan entities'') that are liable for Internal Revenue Code 
section 4965 excise taxes and entity managers of such entities who are 
liable for section 4965 excise taxes are required to file Form 4720. 
The regulations also provide that entity managers of certain tax-exempt 
entities (``plan entities'') who are liable for section 4965 excise 
taxes are required to file Form 5330. The regulations also specify the 
filing dates for these returns.

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-139268-06
Drafting attorney: Galina V. Kolomietz (202) 622-6070
Reviewing attorney: Michael Blumenfeld (202) 622-1124
CC: TEGE

Agency Contact: Galina V. Kolomietz, General Attorney, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Room 4408, Washington, DC 20024
Phone: 202 622-6070
Fax: 202 622-1036

RIN: 1545-BG20
_______________________________________________________________________




2528. [bull] CHANGE TO OFFICE TO WHICH NOTICES OF NONJUDICIAL SALE AND 
REQUEST FOR RETURN OF WRONGFULLY LEVIED PROPERTY MUST BE SENT.

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6343; 26 USC 7425; 26 USC 7805

CFR Citation: 26 CFR 301.6343-2; 26 CFR 301.7425-3

Legal Deadline: None

Abstract: This temporary regulation amends regulations currently 
published under I.R.C. sections 6343 and 7425, relating to requests for 
return of wrongfully levied property and notices of non-judicial sale, 
to eliminate references to obsolete IRS officials and offices.

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-148951-05
Drafting attorney: Robin M. Ferguson (202) 622-3610
Reviewing attorneys: Mitchel Hyman (202) 622-3610
 Pamela Fuller (202) 622-3600
 Dominic Paris (202) 622-3400
Treasury attorney: Anita Soucy (202) 622-1766
CC: PA: CBS

Agency Contact: Robin M. Ferguson, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3610
Fax: 202 622-7561
Email: [email protected]

RIN: 1545-BG24
_______________________________________________________________________




2529. [bull] TYPE III SUPPORTING ORGANIZATION PAYOUT REQUIREMENTS

Priority: Substantive, Nonsignificant

Legal Authority: PL 109-208, 120 Stat.; 780 (2006) sec 1241(d); 26 USC 
509(a)(3); 26 USC 4943(f)(5); 26 USC 7805;

CFR Citation: 26 CFR 509(a)-4

Legal Deadline: None

Abstract: This regulation will define the term ``Functionally 
Integrated Type III Supporting Organization'' and provide the payout 
requirement for Type III supporting organizations that are not 
functionally integrated.

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected:  Organizations

Government Levels Affected: Undetermined

Additional Information: REG-155929-06
Drafting attorney: Philip T. Hackney (202) 622-7585
Reviewing attorney: Michael Blumenfeld (202) 622-7103
Treasury attorneys: Susan Brown (202) 622-0999
 Eric San Juan (202) 622-0224
CC: TEGE

Agency Contact: Philip T. Hackney, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue, NW, 
Washington, DC 20224
Phone: 202 622-7585
Fax: 202 622-1036
Email: [email protected]

RIN: 1545-BG31
_______________________________________________________________________




2530. [bull] PARTIAL PAYMENTS ON OFFERS IN COMPROMISE

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

Unfunded Mandates: Undetermined

[[Page 23097]]

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 7122 (Revision)

Legal Deadline: None

Abstract: Proposed regulations would amend existing regulations 
regarding the submission of offers in compromise to reflect changes to 
the law made by section 509 of the Tax Increase Prevention and 
Reconciliation Act of 2005. The regulations would require persons 
proposing to settle their tax liabilities for payments of less than the 
total amount determined and assessed to make partial payments when 
submitting their offer to compromise and while the offer was under 
consideration. The regulations would waive the partial payment 
requirement under specific conditions.
The proposed regulations would also clarify when an offer in compromise 
is deemed accepted if the IRS has not taken action with respect to the 
offer within two years of the offer being submitted.

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Federalism:  Undetermined

Additional Information: REG-142004-06
Drafting attorney: William F. Conroy (202) 622-3620
Reviewing attorney: Lawrence Schattner (202) 622-3620
Treasury attorney: Anita Soucy (202) 622-1766
CC: PA: CBS

Agency Contact: William F. Conroy, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue, NW, Room 
5555, Washington, DC 20224
Phone: 202 622-3620
Fax: 202 622-8882
Email: [email protected]

RIN: 1545-BG32
_______________________________________________________________________




2531. [bull] TIME AND MANNER FOR ELECTING CAPITAL GAIN TREATMENT FOR 
CERTAIN SELF-CREATED MUSICAL WORKS.

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1.1221-3

Legal Deadline: None

Abstract: The proposed regulations will provide the time and manner for 
making the election specified in section 1221(b)(3).

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-153589-06
Drafting attorney: Jamie J. Kim (202) 622-4950
Reviewing attorneys: Christopher F. Kane (202) 622-3415
 Andrew J. Keyso, Jr. (202) 622-7924
Treasury attorney: Eric San Juan (202) 622-0224
CC: ITA

Agency Contact: Jamie J. Kim, General Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., Room 
4509, Washington, DC 20224
Phone: 202 622-4950
Fax: 202 622-4579
Email: [email protected]

Related RIN: Related to 1545-BG35
RIN: 1545-BG34
_______________________________________________________________________




2532. [bull] TIME AND MANNER FOR ELECTING CAPITAL GAIN TREATMENT FOR 
CERTAIN SELF-CREATED MUSICAL WORKS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1.1221-3T

Legal Deadline: None

Abstract: The temporary regulations will provide the time and manner 
for making the election specified in section 1221(b)(3).

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-153589-06
Drafting attorney: Jamie J. Kim (202) 622-4950
Reviewing attorneys: Christopher F. Kane (202) 622-3415
 Andrew J. Keyso, Jr. (202) 622-7924
Treasury attorney: Eric San Juan (202) 622-0224
CC: ITA

Agency Contact: Jamie J. Kim, General Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., Room 
4509, Washington, DC 20224
Phone: 202 622-4950
Fax: 202 622-4579
Email: [email protected]

Related RIN: Related to 1545-BG34
RIN: 1545-BG35
_______________________________________________________________________




2533. [bull] NOTIFICATION REQUIREMENT FOR ENTITIES NOT CURRENTLY 
REQUIRED TO FILE

Priority: Substantive, Nonsignificant

Legal Authority: PL 109-208, 120 Stat. 1090 (2006) sec. 1223; 26 USC 
6033(i)(1); 26 USC 7805

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: The proposed regulations will describe the time and manner in 
which certain tax exempt organizations not currently required to file 
are to provide an annual electronic notice including information set 
forth in the statute.

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected:  Organizations

Government Levels Affected: Undetermined

Additional Information: REG-104942-07
Drafting attorney: Monice L. Rosenbaum (202) 622-6070
Reviewing attorney: James Brokaw (202) 622-6070
Treasury attorneys: Susan Brown (202) 622-0999
 Eric San Juan (202) 622-0224
CC: TEGE

Agency Contact: Monice L. Rosenbaum, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-6070
Fax: 202 622-1036
Email: [email protected]

Related RIN: Related to 1545-BG38
RIN: 1545-BG37

[[Page 23098]]

_______________________________________________________________________




2534. [bull] NOTIFICATION REQUIREMENT FOR ENTITIES NOT CURRENTLY 
REQUIRED TO FILE

Priority: Substantive, Nonsignificant

Legal Authority: PL 109-208, 120 Stat. 1090(2006) sec. 1223; 26 USC 
6033(i)(1); 26 USC 7805

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: The temporary regulations will describe the time and manner 
in which certain tax exempt organizations not currently required to 
file are to provide an annual electronic notice including information 
set forth in the statute.

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected:  Organizations

Government Levels Affected: Undetermined

Additional Information: REG-104942-07
Drafting attorney: Monice L. Rosenbaum (202) 622-6070
Reviewing attorney: James Brokaw (202) 622-6070
Treasury attorneys: Susan Brown (202) 622-0999
 Eric San Juan (202) 622-0224
CC: TEGE

Agency Contact: Monice L. Rosenbaum, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-6070
Fax: 202 622-1036
Email: [email protected]

Related RIN: Related to 1545-BG37
RIN: 1545-BG38
_______________________________________________________________________




2535. [bull] GUIDANCE ON ARBITRAGE

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

Legal Authority: 26 USC 148; 26 USC 7805

CFR Citation: 26 CFR 1.148-0; 26 CFR 1.148-1; 26 CFR 1.148-3; 26 CFR 
1.148-4; 26 CFR 1.148-5; 26 CFR 1.148-8; 26 CFR 1.148-11

Legal Deadline: None

Abstract: The notice of proposed rulemaking provides that the 
Department of Treasury and the Internal Revenue Service propose to 
provide guidance on arbitrage under Section 148 of the Internal Revenue 
Code.

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Local, State

Additional Information: REG-106143-07
Drafting attorney: Carla A. Young (202) 622-3980
Reviewing attorney: Rebecca Harrigal (202) 622-3449
Treasury attorney: John Cross (202) 622-1322
CC: TEGE

Agency Contact: Carla A. Young, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue, NW., Room 4013, 
Washington, DC 20224
Phone: 202 622-3980
Fax: 202 622-4437
Email: [email protected]

RIN: 1545-BG41
_______________________________________________________________________


Department of the Treasury (TREAS)                    Completed Actions


Internal Revenue Service (IRS)



_______________________________________________________________________




2536. TRANSPORTATION OF PERSONS AND PROPERTY BY AIR

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 49

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       12/05/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Taylor Cortright
Phone: 202 622-7055

RIN: 1545-AW19
_______________________________________________________________________




2537. SOURCE OF INCOME FROM CERTAIN SPACE AND OCEAN ACTIVITIES AND FOR 
COMMUNICATIONS INCOME

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action completed by TD 
9305                            12/27/06                    71 FR 77594

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: H. Michael Huynh
Phone: 202 435-5265

RIN: 1545-AW50
_______________________________________________________________________




2538. DEFINITION OF ACCOUNTING METHOD

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn-No Further Action 
Anticipated                     04/13/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Grant D. Anderson
Phone: 202 622-4930
Fax: 202 622-0735
Email: [email protected]

RIN: 1545-AX21
_______________________________________________________________________




2539. HIGHLY COMPENSATED EMPLOYEE

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Duplicate of RIN 1545-AQ74      04/16/07

RIN: 1545-AX48

[[Page 23099]]

_______________________________________________________________________




2540. HIPAA GENERAL NONDISCRIMINATION

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 54

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9298                            12/13/06                    71 FR 75014

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Russell Weinheimer
Phone: 202 622-6080

RIN: 1545-AY32
_______________________________________________________________________




2541. HIPAA NONDISCRIMINATION EXCEPTION FOR CHURCH PLANS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9299                            12/13/06                    71 FR 75055

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Russell Weinheimer
Phone: 202 622-6080

RIN: 1545-AY33
_______________________________________________________________________




2542. HIPAA NONDISCRIMINATION EXCEPTION FOR BONA FIDE WELLNESS PROGRAMS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    12/13/06                    71 FR 75014

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Russell Weinheimer
Phone: 202 622-6080

RIN: 1545-AY34
_______________________________________________________________________




2543. COMMUNICATIONS EXCISE TAX; TAXABLE COMMUNICATION SERVICES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 49

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       06/14/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Taylor Cortright
Phone: 202 622-7055

RIN: 1545-BB04
_______________________________________________________________________




2544. ALLOCATION OF FOREIGN TAX CREDITS AMONG PARTNERS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9292                            10/19/06                    71 FR 61648

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Timothy J. Leska
Phone: 202 622-3050

Related RIN: Related to 1545-BD70
RIN: 1545-BB11
_______________________________________________________________________




2545. MISCELLANEOUS CHANGES TO COLLECTION DUE PROCESS PROCEDURES 
RELATING TO NOTICE AND OPPORTUNITY FOR HEARING UPON FILING OF NOTICE OF 
LIEN

Priority: Other Significant

CFR Citation: 26 CFR 301

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9290                            10/17/06                    71 FR 60835

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Laurence K. Williams
Phone: 202 622-3600

Related RIN: Related to 1545-BB97
RIN: 1545-BB96
_______________________________________________________________________




2546. MISCELLANEOUS CHANGES TO COLLECTION DUE PROCESS PROCEDURES 
RELATING TO HEARINGS BEFORE LEVY

Priority: Other Significant

CFR Citation: 26 CFR 301

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9291                            10/17/06                    71 FR 60827

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Laurence K. Williams
Phone: 202 622-3600

Related RIN: Related to 1545-BB96
RIN: 1545-BB97
_______________________________________________________________________




2547. GUIDANCE NECESSARY TO FACILITATE BUSINESS ELECTRONIC FILING

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1; 26 CFR 602

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9300                            12/08/06                    71 FR 71040

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Federal

Agency Contact: Nathan B. Rosen
Phone: 202 622-4910

RIN: 1545-BC15
_______________________________________________________________________




2548. CHANGES IN COMPUTING DEPRECIATION

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9307                            12/28/06                    71 FR 78066

Regulatory Flexibility Analysis Required: No

[[Page 23100]]

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Douglas Kim
Phone: 202 622-3110

Related RIN: Related to 1545-BC17
RIN: 1545-BC18
_______________________________________________________________________




2549. PROHIBITED ALLOCATION OF SECURITIES IN AN S CORPORATION

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9302                            12/20/06                    71 FR 76134

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: John T. Ricotta
Phone: 202 622-6060

Related RIN: Related to 1545-BC33
RIN: 1545-BC34
_______________________________________________________________________




2550. DUAL CONSOLIDATED LOSS REGULATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9315                            03/19/07                    72 FR 12902

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Jeffrey P Cowan
Phone: 202 622-3860

RIN: 1545-BD10
_______________________________________________________________________




2551. UNDERPAYMENT FOR QUALIFIED AMENDED RETURNS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9309                            01/09/07                      72 FR 902

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Laura Rebecca Urich
Phone: 202 622-4940
Fax: 202 622-1585
Email: [email protected]

RIN: 1545-BD40
_______________________________________________________________________




2552. TRANSFERS OF RESTRICTED STOCK (TEMPORARY)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn-No Further Action 
Anticipated                     04/16/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Stephen B. Tackney
Phone: 202 622-6030
Fax: 202 622-7865
Email: [email protected]

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




2553. UPDATE OF 415 REGULATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9319                            04/05/07                    72 FR 16877

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Vernon S. Carter
Phone: 202 622-6060

Christopher A. Crouch
Phone: 202 622-6090
Fax: 202 927-1851
Email: [email protected]

RIN: 1545-BD52
_______________________________________________________________________




2554. USE OF ELECTRONIC TECHNOLOGIES FOR PROVIDING NOTICES AND 
TRANSMITTING ELECTIONS AND CONSENTS

Priority: Substantive, Nonsignificant

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

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9294                            10/20/06                    71 FR 61877

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Pamela R. Kinard
Phone: 202 622-8358
Email: [email protected]

RIN: 1545-BD68
_______________________________________________________________________




2555. REVISION OF SECTION 301.6103(J)-1 FOR DISCLOSURE TO THE BUREAU OF 
ECONOMIC ANALYSIS, DEPARTMENT OF COMMERCE (TEMPORARY)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 301

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn-No Further Action 
Anticipated                     04/13/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Joel D. McMahan
Phone: 202 622-4580

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




2556. REGULATIONS UNDER SECTION 263A REGARDING USE OF SIMPLIFIED SERVICE 
COST METHOD AND SIMPLIFIED PRODUCTION METHOD

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9318                            03/29/07                    72 FR 14675

[[Page 23101]]

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Steven J. Gee
Phone: 202 622-4970
Email: [email protected]

Related RIN: Related to 1545-BE61
RIN: 1545-BE57
_______________________________________________________________________




2557. DEFERRED COMPENSATION (PROPOSED)

Priority: Substantive, Nonsignificant

CFR Citation: None

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    04/17/07                    72 FR 19234

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Stephen B. Tackney
Phone: 202 622-6030
Fax: 202 622-7865
Email: [email protected]

RIN: 1545-BE79
_______________________________________________________________________




2558. REMIC RESIDUALS--FOREIGN HOLDERS (TEMPORARY)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule Completed by 
TD 9272                         08/01/06                    71 FR 43363

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Arturo Estrada
Phone: 202 622-3900

RIN: 1545-BE81
_______________________________________________________________________




2559. REVISION OF REGULATION TO COMPLY WITH THE COMMISSIONER'S E-FILE 
PROGRAM (TEMPORARY)

Priority: Info./Admin./Other

CFR Citation: 26 CFR 301

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule Completed by 
TD 9304                         12/22/06                    71 FR 76904

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Grid R. Glyer
Phone: 202 622-7324
Fax: 202 622-6298
Email: [email protected]

Related RIN: Previously reported as 1545-BF25
RIN: 1545-BF26
_______________________________________________________________________




2560. CHARITABLE CONTRIBUTIONS OF QUALIFIED VEHICLES (TEMPORARY)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       04/13/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses, Organizations

Government Levels Affected: None

Agency Contact: Patricia Zweibel
Phone: 202 622-5020

Related RIN: Related to 1545-BF10
RIN: 1545-BF29
_______________________________________________________________________




2561. DEPRECIATION OF MACRS PROPERTY THAT IS ACQUIRED IN A LIKE-KIND 
EXCHANGE OR AS A RESULT OF AN INVOLUNTARY CONVERSION

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9314                            03/01/07                     72 FR 9245

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Patrick S. Kirwan
Phone: 202 622-3110
Email: [email protected]

Related RIN: Related to 1545-BC27, Related to 1545-AX95
RIN: 1545-BF37
_______________________________________________________________________




2562. COMPUTER SOFTWARE UNDER SECTION 199(C)(5)(B)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Rule Completed by TD 9317 03/20/07                    72 FR 12969

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Lauren R. Taylor
Phone: 202 622-3040
Fax: 202 622-4753
Email: [email protected]

Related RIN: Related to 1545-BE33
RIN: 1545-BF56
_______________________________________________________________________




2563. REVISIONS TO REGULATIONS RELATING TO REPEAL OF TAX ON INTEREST OF 
NONRESIDENT, ALIEN INDIVIDUALS AND FOREIGN CORPORATIONS RECEIVED FROM 
CERTAIN PORTFOLIO DEBT INSTRUMENTS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9323                            04/12/07                    72 FR 18386

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Kathryn T. Holman
Phone: 202 622-3840

RIN: 1545-BF64
_______________________________________________________________________




2564. UNITED STATES DOLLAR APPROXIMATE SEPARATE TRANSACTIONS METHOD

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1; 26 CFR 985-3

[[Page 23102]]

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9320                            03/30/07                    72 FR 15043

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Sheila Ramaswamy
Phone: 202 622-3870

RIN: 1545-BF67
_______________________________________________________________________




2565. USER FEES FOR PROCESSING INSTALLMENT AGREEMENTS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 300.1; 26 CFR 300.2

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9306                            12/28/06                    71 FR 78074

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: William Beard
Phone: 202 622-4173
Fax: 202 622-8882
Email: [email protected]

RIN: 1545-BF69
_______________________________________________________________________




2566. REPORTING RULES FOR WIDELY HELD FIXED INVESTMENT TRUSTS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9308                            12/29/06                    71 FR 78351

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Faith Colson
Phone: 202 622-3060

Related RIN: Related to 1545-BF86
RIN: 1545-BF75
_______________________________________________________________________




2567. REPORTING RULES FOR WIDELY HELD FIXED INVESTMENT TRUSTS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1.671-5

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule Comment 
Period End                      10/02/06
Final Action Completed by TD 
9308                            12/29/06                    71 FR 78351

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Faith Colson
Phone: 202 622-3060

Related RIN: Related to 1545-BF75
RIN: 1545-BF86
_______________________________________________________________________




2568. TAX INCREASE PREVENTION AND RECONCILIATION ACT OF 2005 AMENDMENTS 
TO SECTION 199

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1.199-3T; 26 CFR 1.199-5T; 26 CFR 1.1997T; 26 CFR 
1.1998T

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule Completed by 
TD 9293                         10/19/06                    71 FR 61662
Interim Final Rule Effective    10/19/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Lauren R. Taylor
Phone: 202 622-3040
Fax: 202 622-4753
Email: [email protected]

Related RIN: Related to 1545-BF79
RIN: 1545-BF88
_______________________________________________________________________




2569. RULES UNDER SECTION 302 OF THE KATRINA EMERGENCY TAX RELIEF ACT OF 
2005

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1.9300-1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule Completed by 
TD 9301                         12/12/06                    71 FR 74467

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Marnette M. Myers
Phone: 202 622-4920
Fax: 703 605-1753
Email: [email protected]

Related RIN: Related to 1545-BF14
RIN: 1545-BF89
_______________________________________________________________________




2570. SECTION 181--DEDUCTION FOR QUALIFIED FILM AND TELEVISION 
PRODUCTION COSTS

Priority: Substantive, Nonsignificant

CFR Citation: None

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Temporary Regulations Completed 
by TD 9312                      02/09/07                     72 FR 6155

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Bernard P. Harvey
Phone: 202 622-3110

Related RIN: Related to 1545-BF94
RIN: 1545-BF95
_______________________________________________________________________




2571. [bull] AMERICAN JOBS CREATION ACT (AJCA) MODIFICATIONS TO 6011, 
6111, AND 6112

Priority: Substantive, Nonsignificant

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

CFR Citation: 26 CFR 6011; 26 CFR 6111; 26 CFR 7805

Legal Deadline: None

Abstract: This temporary regulation provides that taxpayers and 
material advisors may request a private letter ruling on a reportable 
transaction under the regular provisions for request private letter 
ruling.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule Completed by 
TD 9295                         11/02/06                    71 FR 64458

[[Page 23103]]

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-103038-05; REG-103039-05 and REG-103043-05
Drafting attorney: Tara Volungis (202) 622-3080
Reviewing attorney: Christine Ellison (202) 622-3070
Treasury attorney: Anita Soucy (202) 1766
CC: PSI

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

Related RIN: Related to 1545-BE24, Related to 1545-BE26, Related to 
1545-BE28
RIN: 1545-BF98
_______________________________________________________________________




2572. [bull] RESIDENCE INVOLVING U.S. POSSESSIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 937(a); 26 USC 7805

CFR Citation: 26 CFR 1.937-1

Legal Deadline: None

Abstract: Section 937(a) of the Internal Revenue Code provides rules 
for determining whether an individual is a ``bona fide resident'' of a 
U.S. possession. Generally, Treasury regulations section 1.937-1 
provides that an individual is a bona fide resident of a possession if 
the individual meets a presence test, a tax home test and a closer 
connection test. This amendment to the final regulations under section 
937(a) will incorporate a new alternative under the presence tax for 
determining whether an individual is a bona fide resident of a U.S. 
possession.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9297                            11/14/06                    71 FR 66232

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-144024-06
Drafting Attorney: John David Varley (202) 435-5262
Reviewing Attorney: Douglas Giblen (202) 435-5262
CC:INTL

Agency Contact: John David Varley, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 435-5262

Related RIN: Related to 1545-BF85, Related to 1545-BC86, Related to 
1545-BE22
RIN: 1545-BG02
_______________________________________________________________________




2573. [bull] SECTION 1.367(A)-8 REVISIONS (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1.367(a)-3T; 26 CFR 1.367(a)-8T

Legal Deadline: None

Abstract: This project is for regulations that revise Section 1.367(a)-
8. The regulations will provide rules describing how U.S. taxpayers 
enter into gain recognition agreements in connection with the transfer 
of stock or securities to foreign corporations. The regulations will 
also clarify the effect that certain transactions have on existing gain 
recognition agreements.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9311                            02/05/07                     72 FR 5174

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-147144-06
Drafting Attorney: Daniel M. McCall (202) 622-3860
CC:INTL

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

RIN: 1545-BG10
_______________________________________________________________________




2574. [bull] CORPORATE REORGANIZATIONS: GUIDANCE ON THE MEASUREMENT OF 
CONTINUITY OF INTEREST

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1.368-1

Legal Deadline: None

Abstract: The temporary regulations will provide guidance regarding 
when continuity of interest is measured in certain transactions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule Completed by 
TD 9316                         03/20/07                    72 FR 12974

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-146247-06
Drafting attorney: Lisa S. Dobson (202) 622-5429
Reviewing attorney: Virginia Voorhees (202) 622-3003
Treasury attorney: Marc Countryman (202) 622-9858
CC: COR

Agency Contact: Lisa S. Dobson, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room 
5426, Washington, DC 20224
Phone: 202 622-5429
Email: [email protected]

RIN: 1545-BG14
_______________________________________________________________________




2575. [bull] ANTI-AVOIDANCE AND ANTI-REIMPORTATION RULES APPLICABLE 
FOLLOWING A LOSS ON DISPOSITION OF STOCK OF CONSOLIDATED SUBSIDIARIES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 1502; 26 USC 7805

CFR Citation: 26 CFR 1.1502-35

Legal Deadline: None

Abstract: This document will provide temporary regulations which add a 
new general anti-avoidance rule and revise the anti-loss reimportation 
rules in 1.1502-35. The purpose of the rules is to prevent the 
duplication of loss and

[[Page 23104]]

prevent a consolidated group of corporations from obtaining more than 
one tax benefit from a single economy.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule Completed by 
TD 9322                         04/10/07                    72 FR 17804

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-156420-06
Drafting attorney: Phoebe Bennett (202) 622-7770
Reviewing attorney: Theresa Abell (202) 622-7700
CC: COR

Agency Contact: Phoebe Bennett, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue, NW, Washington, DC 
20224
Phone: 202 622-7770
Fax: 202 622-0477
Email: [email protected]

RIN: 1545-BG26
_______________________________________________________________________




2576. [bull] CORPORATE REORGANIZATIONS; ADDITIONAL GUIDANCE ON 
DISTRIBUTIONS UNDER SECTIONS 368(A)(1)(D) AND 354(B)(1)(B)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1.354; 26 CFR 1.368

Legal Deadline: None

Abstract: The IRS is issuing temporary regulations amending TD 9303, 
which provides guidance regarding the qualification of certain 
transactions as reorganizations described in section 368(a)(1)(D) where 
no stock and/or securities of the acquiring corporation is issued and 
distributed in the transaction. These regulations clarify that the 
rules in section 1.368-2(l) are not intended to affect the 
qualification of related party triangular asset acquisitions as 
reorganizations described in section 368 relating to the distribution 
requirement under sections 368(a)(1)(D) and 354(b)(1)(B). The text of 
these regulations also serves as the text of proposed regulations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule Completed by 
TD 9313                         03/01/07                     72 FR 9262

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-157834-06
Drafting attorney: Bruce Decker (202) 622-8039
Reviewing attorney: Lisa Fuller (202) 622-7152
Treasury attorney: Marc Countryman (202) 622-9858
CC: Corp

Agency Contact: Bruce Decker, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 
20224
Phone: 202 622-8039
Fax: 202 622-4111
Email: [email protected]

Related RIN: Related to 1545-BG28
RIN: 1545-BG29
_______________________________________________________________________




2577. [bull] GUIDANCE NECESSARY TO FACILITATE BUSINESS ELECTRONIC FILING 
AND BURDEN REDUCTION

Priority: Info./Admin./Other

Legal Authority: 26 USC 1.1502; 26 USC 7805

CFR Citation: 26 CFR 1.1502; 26 CFR 301.7805

Legal Deadline: None

Abstract: This project will revise a number of regulations that present 
impediments to e-filing.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule Completed by 
TD 9264                         05/30/06                    71 FR 30591

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-134317-05
Drafting attorney: Grid R. Glyer (202) 622-7324
Reviewing attorney: Theresa A. Abell (202)622-7700
Treasury attorney: Marc Countryman (202) 622-9858
CC: COR

Agency Contact: Grid R. Glyer, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 
20224
Phone: 202 622-7324
Fax: 202 622-6298
Email: [email protected]

Related RIN: Related to 1545-BF16
RIN: 1545-BG49
BILLING CODE 6720--01--S
_______________________________________________________________________


Department of the Treasury (TREAS)                  Proposed Rule Stage


Office of Thrift Supervision (OTS)



_______________________________________________________________________




2578. SECURITIES-RELATED ACTIVITIES OF SAVINGS ASSOCIATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 375b; 12 USC 1462 to 1462a; 12 USC 1463 to 
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.

[[Page 23105]]

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                            06/00/07

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 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
_______________________________________________________________________




2579. PROCEDURES TO ENHANCE THE ACCURACY AND INTEGRITY OF INFORMATION 
FURNISHED TO CONSUMER REPORTING AGENCIES UNDER SECTION 312 OF THE FAIR 
AND ACCURATE CREDIT TRANSACTIONS ACT

Priority: Substantive, Nonsignificant

Legal Authority: Not Yet Determined

CFR Citation: 12 CFR 571

Legal Deadline: None

Abstract: The Office of the Comptroller of the Currency, Federal 
Reserve Board, Federal Deposit Insurance Corporation, Office of Thrift 
Supervision, National Credit Union Administration and Federal Trade 
Commission are seeking to gather information for developing guidelines 
and regulations required by section 312 of the Fair and Accurate Credit 
Transactions Act (FACT Act). Pursuant to section 312, the Agencies must 
(1) Establish guidelines for use by persons that furnish information to 
consumer reporting agencies regarding the accuracy and integrity of the 
consumer information that they furnish to those agencies; and (2) 
prescribe regulations that require furnishers to establish reasonable 
policies and procedures for implementing the guidelines. Section 312 
also requires the agencies jointly to prescribe regulations that 
identify the circumstances under which a furnisher shall be required to 
reinvestigate a dispute concerning the accuracy of information 
contained in a consumer report on a consumer based on a direct request 
of the consumer.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           03/22/06                    71 FR 14419
ANPRM Comment Period End        05/22/06
NPRM                            08/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Glenn S. Gimble, Senior Project Manager, Compliance and 
Consumer Protection, 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

RIN: 1550-AC01
_______________________________________________________________________




2580. [bull] PERMISSIBLE ACTIVITIES OF SAVINGS AND LOAN HOLDING 
COMPANIES

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1462; 12 USC 1462a; 12 USC 1463; 12 USC 1464; 
12 USC 1467a; 12 USC 1468

CFR Citation: 12 CFR 584

Legal Deadline: None

Abstract: OTS is proposing to revise its holding company regulations to 
permit savings and loan holding companies to engage in the same 
activities that are permitted for bank holding companies. In addition, 
OTS proposes to amend a separate provision of its holding company 
regulations to conform the regulation to the statute it is intended to 
implement, and to provide approval standards for applications submitted 
pursuant to the statutory requirement.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/27/07                    72 FR 14246
NPRM Comment Period End         04/26/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Don Dwyer, Director, Applications, Examinations and 
Supervision-Operations, Department of the Treasury, Office of Thrift 
Supervision, 1700 G Street NW., Washington, DC 20552
Phone: 202 906-6414

Kevin A. Corcoran, Assistant Chief Counsel, Business Transactions, 
Department of the Treasury, Office of Thrift Supervision, 1700 G Street 
NW., Washington, DC 20552
Phone: 202 906-6962

RIN: 1550-AC10
_______________________________________________________________________




2581. [bull] MODEL PRIVACY FORM UNDER THE GRAMM-LEACH-BLILEY ACT

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

Legal Authority: 12 USC 1462a; 12 USC 1463; 12 USC 1464; 12 USC 1828; 
15 USC 6801 et seq.

CFR Citation: 12 CFR 573

Legal Deadline: None

Abstract: OCC, the Board, FDIC, NCUA, FTC, CFTC, SEC, and OTS (the 
Agencies) are proposing amendments to their rules that implement the 
privacy provisions of the Gramm-Leach-Bliley Act. These rules require 
financial institutions to provide initial and annual privacy notices to 
their customers. As required under Section 728 of the Financial 
Services

[[Page 23106]]

Regulatory Relief Act of 2006, the Agencies are proposing a safe harbor 
model privacy form that financial institutions may use to provide 
disclosures under the privacy rules. This proposal would remove the 
Sample Clauses contained in these rules as of two years after the date 
a final rule is published.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/29/07                    72 FR 14940
NPRM Comment Period End         05/29/07

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected:  Businesses

Government Levels Affected: None

Agency Contact: Ekita Mitchell, Consumer Regulations Analyst, 
Department of the Treasury, Office of Thrift Supervision, 1700 G Street 
NW, Washington, DC 20552
Phone: 202 906-6451

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

RIN: 1550-AC12
_______________________________________________________________________




2582. [bull] RECORDKEEPING REQUIREMENTS FOR SAVINGS ASSOCIATION 
EXCEPTIONS FROM SECURITIES BROKER OR DEALER REGISTRATION

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

Unfunded Mandates: Undetermined

Legal Authority: 12 USC 1462; 12 USC 1462a; 12 USC 1463; 12 USC 1467a

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: The Gramm-Leach-Bliley Act of 1999 replaced broad exceptions 
for banks from the definitions of ``broker'' and ``dealer'' under the 
Securities Exchange Act of 1934 with specific exceptions. Each of the 
exceptions permits a bank to act as a broker or dealer with respect to 
specified securities products or in transactions that meet specific 
statutory conditions without being subject to regulation by the 
Securities Exchange Commission (SEC). More recently, the Financial 
Services Regulatory Relief Act of 2006 extended these same exceptions 
to savings associations and required the SEC and the Board of Governors 
of the Federal Reserve System (FRB) to jointly issue a rule to 
implement the exceptions. They issued a proposed rule on December 26, 
2006. Following adoption of a final rule, the OTS, Office of the 
Comptroller of the Currency, FRB, and Federal Deposit Insurance 
Corporation will propose substantively identical recordkeeping rules 
for savings associations and banks and seek to avail themselves of the 
specific exceptions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Martha Clarke, Counsel, Regulations & Legislation 
Division, Department of the Treasury, Office of Thrift Supervision, 
1700 G Street, NW, Washington, DC 20552
Phone: 202 906-6087

RIN: 1550-AC13
_______________________________________________________________________


Department of the Treasury (TREAS)                     Final Rule Stage


Office of Thrift Supervision (OTS)



_______________________________________________________________________




2583. IMPLEMENTATION OF A REVISED BASEL CAPITAL ACCORD (BASEL II)

Priority: Economically Significant. Major under 5 USC 801.

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

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).
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 published a notice of proposed 
rulemaking for implementation of this capital framework. The NPRM 
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.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           08/04/03                    68 FR 45900
ANPRM Comment Period End        11/03/03
NPRM                            09/25/06                    71 FR 55830
NPRM Comment Period End         01/23/07

[[Page 23107]]

NPRM Comment Period Extended    12/26/06                    71 FR 77518
NPRM Comment Period End         03/26/07
Final Rule                      06/00/07

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
_______________________________________________________________________




2584. FAIR CREDIT REPORTING AFFILIATE MARKETING REGULATIONS

Priority: Other Significant

Legal Authority: 12 USC 1462a; 12 USC 1463 to 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 solicitation 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 the final rule is being 
developed by the various agencies.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/15/04                    69 FR 42502
NPRM Comment Period End         08/16/04
Final Rule                      08/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Glenn S. Gimble, Senior Project Manager, Compliance and 
Consumer Protection, 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
_______________________________________________________________________




2585. IDENTITY THEFT DETECTION, PREVENTION, AND MITIGATION PROGRAM FOR 
FINANCIAL INSTITUTIONS AND CREDITORS

Priority: Substantive, Nonsignificant

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

CFR Citation: 12 CFR 571

Legal Deadline: None

Abstract: The banking agencies, NCUA, and FTC (the Agencies) issued 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                            07/18/06                    71 FR 40786
NPRM Comment Period End         09/18/06
Final Rule                      04/00/07

Regulatory Flexibility Analysis Required: No

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, Compliance and Consumer 
Protection, Department of the Treasury, Office of Thrift Supervision, 
1700 G Street NW., Washington, DC 20552
Phone: 202 906-7158

RIN: 1550-AB94
_______________________________________________________________________




2586. RISK-BASED CAPITAL GUIDELINES; CAPITAL ADEQUACY GUIDELINES; 
MAINTENANCE: DOMESTIC CAPITAL MODIFICATIONS

Priority: Economically Significant. Major under 5 USC 801.

Legal Authority: 12 USC 1462; 12 USC 1462a; 12 USC 1463 to 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

[[Page 23108]]

the Federal Reserve System, Federal Deposit Insurance Corporation, and 
Office of Thrift Supervision are considering various revisions to the 
risk-based capital framework. In October 2005, the Agencies published 
an ANPRM suggesting various approaches 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. After a review of public comments on the ANPRM, 
the Agencies published an NPRM for implementation of this capital 
framework.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           10/20/05                    70 FR 61068
ANPRM Comment Period End        01/18/06
NPRM                            12/26/06                    71 FR 77446
NPRM Comment Period End         03/26/07
Final Rule                      06/00/07

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

Teresa Scott, Senior Project Manager, 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
Phone: 202 906-6639

RIN: 1550-AB98
_______________________________________________________________________




2587. FEDERAL SAVINGS ASSOCIATION BYLAWS; INTEGRITY OF DIRECTORS

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

Legal Authority: 12 USC 1462; 12 USC 1462a; 12 USC 1463 to 1464; 12 USC 
1467a; 12 USC 2901 et seq

CFR Citation: 12 CFR 544; 12 CFR 552

Legal Deadline: None

Abstract: OTS is proposing to change its regulations concerning 
corporate governance to include a preapproved bylaw that federally 
chartered savings associations and mutual holding companies may adopt 
to preclude persons who, among other things, are under indictment for, 
or have been convicted of certain crimes involving dishonesty or breach 
of trust, or have been subject to certain cease and desist orders 
entered by any of the banking agencies, from being members of, or 
nominating others to be on the Federal savings association's or mutual 
holding company's board of directors.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/14/06                     71 FR 7695
NPRM Comment Period End         04/17/06
Final Rule                      06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Aaron Kahn, Assistant Chief Counsel, Business 
Transactions Division, Department of the Treasury, Office of Thrift 
Supervision, 1700 G Street NW., Washington, DC 20552
Phone: 202 906-6263

Don Dwyer, Director, Applications, Examinations and Supervision-
Operations, Department of the Treasury, Office of Thrift Supervision, 
1700 G Street NW., Washington, DC 20552
Phone: 202 906-6414

RIN: 1550-AC00
_______________________________________________________________________




2588. RISK BASED CAPITAL--MARKET RISK RULE

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

Unfunded Mandates: Undetermined

Legal Authority: 12 USC 1462; 12 USC 1462a; 12 USC 1463 to 1464; 12 USC 
1467a; 12 USC 1828 note

CFR Citation: 12 CFR 567

Legal Deadline: None

Abstract: The OTS has proposed a market risk capital rule that would 
require certain savings associations to adjust their risk-based capital 
ratios to explicitly reflect market risk. The proposed rule is 
identical to the rules proposed by the other Banking Agencies (OCC, 
FRB, and FDIC).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/25/06                    71 FR 55958
NPRM Comment Period End         01/23/07
Final Rule                      06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Austin C. Hong, Senior Analyst, Department of the 
Treasury, Office of Thrift Supervision, 1700 G Street NW., Washington, 
DC 20552
Phone: 202 906-6389

Christine Smith, Project Manager for Supervision Policy, Department of 
the Treasury, Office of Thrift Supervision, 1700 G Street NW., 
Washington, DC 20552
Phone: 202 906-5740

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

RIN: 1550-AC02
_______________________________________________________________________




2589. SUPPLEMENTAL STANDARDS OF ETHICAL CONDUCT FOR EMPLOYEES OF THE 
DEPARTMENT OF TREASURY

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 301; 5 USC 7301; 5 USC 7353; 5 USC App. (Ethics

[[Page 23109]]

in Government Act of 1978); 18 USC 212 to 213; 26 USC 7214(b); EO 
12674, 54 FR 15159, 3 CFR, 1989 Comp., p. 215, as modified by EO 12731, 
55 FR 42547, 3 CFR, 1990 Comp., p. 306; 5 CFR 2635.105; 5 CFR 
2635.203(a); 5 CFR 2635.403(a); 5 CFR 2635.803; 5 CFR 
2635.807(a)(2)(ii)

CFR Citation: 5 CFR part 3101

Legal Deadline: None

Abstract: The Department of the Treasury (Department) is amending the 
Supplemental Standards of Ethical Conduct for Employees of the 
Department. The final rule revises the circumstances under which 
covered Office of Thrift Supervision (OTS) employees may obtain credit 
cards and loans secured by a principal residence from OTS-regulated 
savings associations or their subsidiaries. This amendment also 
modifies rules on disqualifications.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Rule                      06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Peter Coniglio, Senior Ethics Counsel, Department of 
the Treasury, 15th & Pennsylvania Avenue NW., Washington, DC 20220
Phone: 202 622-3824

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

RIN: 1550-AC03
_______________________________________________________________________




2590. STOCK BENEFIT PLANS IN MUTUAL-TO-STOCK CONVERSIONS AND MUTUAL 
HOLDING COMPANY STRUCTURES

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

Legal Authority: 12 USC 1462 to 1462a; 12 USC 1463 to 1464; 12 USC 
1467a; 12 USC 2901; 15 USC 78c; 15 USC 78l to 78n; 12 USC 78w; 12 USC 
1828

CFR Citation: 12 CFR 563b; 12 CFR 575

Legal Deadline: None

Abstract: OTS proposes to clarify its regulations regarding stock 
benefit plans established after mutual-to-stock conversions or in 
mutual holding company structures. In addition, OTS proposes to reduce 
the voting requirements for the adoption of stock benefit plans in 
mutual holding company structures and to make several other minor 
changes to the regulations governing mutual-to-stock conversions and 
minority stock issuances.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/20/06                    71 FR 41179
NPRM Comment Period End         09/18/06
Final Rule                      05/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Don Dwyer, Director, Applications, Examinations and 
Supervision-Operations, Department of the Treasury, Office of Thrift 
Supervision, 1700 G Street NW., Washington, DC 20552
Phone: 202 906-6414

Aaron Kahn, Assistant Chief Counsel, Business Transactions Division, 
Department of the Treasury, Office of Thrift Supervision, 1700 G Street 
NW., Washington, DC 20552
Phone: 202 906-6263

David A. Permut, Counsel (Banking and Finance), Business Transactions 
Division, Department of the Treasury, Office of Thrift Supervision, 
1700 G Street NW., Washington, DC 20552
Phone: 202 906-7505

RIN: 1550-AC07
_______________________________________________________________________




2591. [bull] MANAGEMENT OFFICIAL INTERLOCKS

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 3201-3208

CFR Citation: 12 CFR 563f

Legal Deadline: None

Abstract: OCC, the Board, FDIC, and OTS (collectively, the Agencies) 
are amending their rules regarding management interlocks to implement 
Section 610 of the Financial Services Regulatory Relief Act of 2006 
(Pub. L. 109-251, 120 Stat. 1966)(FSRRA).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              01/11/07                     72 FR 1274
Interim Final Rule Effective    01/11/07
Interim Final Rule Comment 
Period End                      02/12/07
Final Rule                      04/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: David Bristol, Senior Attorney, Business Transactions 
Division, Department of the Treasury, Office of Thrift Supervision, 
1700 G Street NW., Washington, DC 20552
Phone: 202 906-6461

Don Dwyer, Director, Applications, Examinations and Supervision-
Operations, Department of the Treasury, Office of Thrift Supervision, 
1700 G Street NW., Washington, DC 20552
Phone: 202 906-6414

RIN: 1550-AC09
_______________________________________________________________________




2592. [bull] EXPANDED EXAMINATION CYCLE FOR CERTAIN SMALL INSURED 
DEPOSITORY INSTITUTIONS AND U.S. BRANCHES AND AGENCIES OF FOREIGN BANKS

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 375b; 12 USC1462; 12 USC 1462a; 12 USC 1463; 12 
USC 1464; 12 USC 1467a; 12 USC 1468; 12 USC 1817; 12 USC 1820; 12 USC 
1828; 12 USC 1831o; 12 USC 3806; 31 USC 5318; 42 USC 4106

CFR Citation: 12 CFR 563

Legal Deadline: None

Abstract: The Office of the Comptroller of the Currency (OCC), the 
Board of Governors of the Federal Reserve System (FRS), the Federal 
Deposit Insurance Corporation (FDIC), and the Office of Thrift 
Supervision (OTS) (the Agencies) are jointly issuing an interim rule to 
implement section 605 of the Financial Services Regulatory Relief Act 
of 2006 (FSRRA), and Public Law No. 109-473, collectively, the 
Examination Amendments. The Examination Amendments permit insured 
depository institutions that have up to $400 million in total assets, 
and that meet certain other criteria, to qualify for an 18-month 
(rather than 12-

[[Page 23110]]

month) on-site examination cycle. Prior to enactment of FSRRA, only 
institutions with less than $250 million in total assets were eligible 
for an 18-month on-site examination cycle. In addition to implementing 
the changes in the Examination Amendments, the Agencies are clarifying 
when a small insured depository institution is considered ``well 
managed'' for purposes of qualifying for an 18-month examination cycle.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              04/10/07                    72 FR 17798
Interim Final Rule Effective    04/10/07
Interim Final Rule Comment 
Period End                      05/10/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Robyn Dennis, Manager, Supervision Policy, Department 
of the Treasury, Office of Thrift Supervision, 1700 G Street NW., 
Washington, DC 20552
Phone: 202 906-5751

Barbara Shycoff, Special Counsel, Regulations and Legislation, 
Department of the Treasury, Office of Thrift Supervision, 1700 G 
Street, NW, Washington, DC 20552
Phone: 202 906-6947

RIN: 1550-AC11
_______________________________________________________________________


Department of the Treasury (TREAS)                    Completed Actions


Office of Thrift Supervision (OTS)



_______________________________________________________________________




2593. SUBORDINATED DEBT SECURITIES AND MANDATORILY REDEEMABLE PREFERRED 
STOCK

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 563

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Rule                      01/17/07                     72 FR 1925
Final Rule Effective            04/01/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: David Riley
Phone: 202 906-6669

Karen Osterloh
Phone: 202 906-6639

Gary Jeffers
Phone: 202 906-6457

RIN: 1550-AC06
_______________________________________________________________________




2594. [bull] COMMUNITY REINVESTMENT ACT--INTERAGENCY UNIFORMITY

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1462a; 12 USC 1463; 12 USC 1464; 12 USC 1467a; 
12 USC 1814; 12 USC 1816; 12 USC 1828(c); 12 USC 2901-2907

CFR Citation: 12 CFR Part 563e

Legal Deadline: None

Abstract: OTS is proposing changes to its CRA regulations in four areas 
to reestablish uniformity between its regulations and those of the 
other Federal banking agencies. OTS is proposing to: (1) Eliminate the 
option of alternative weights for lending, investment, and service 
under the large, retail savings association test; (2) impose a new 
community development test on savings associations between $250 million 
and $1 billion in assets (intermediate small savings associations); (3) 
index the asset threshold for small and intermediate small savings 
associations annually based on changes to the Consumer Price Index; and 
(4) address the impact on a savings association's CRA rating of 
evidence of discrimination or other illegal credit practices. OTS 
anticipates that this rule would not have a significant impact on 
savings associations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/24/06                    71 FR 67826
NPRM Comment Period End         01/23/07
Final Rule                      03/22/07                    72 FR 13429
Final Rule Effective            07/01/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Celeste Anderson, Senior Project Manager, Compliance 
and Consumer Protection, Department of the Treasury, Office of Thrift 
Supervision, 1700 G Street NW., Washington, DC 20552
Phone: 202 906-7990

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

RIN: 1550-AC08
[FR Doc. 07-01416 Filed 04-27-07; 8:45 am]
BILLING CODE 6720-01-S
