<DOC>
[May 27, 2003 (Volume 68, Number 101)]
[Unified Agenda]
From the Federal Register Online via GPO Access [frwais.access.gpo.gov]

[Page 30760-30890]


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Part XVI





Department of the Treasury





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Semiannual Regulatory Agenda

[[Page 30760]]

DEPARTMENT OF THE TREASURY (TREAS)

_______________________________________________________________________

DEPARTMENT OF THE TREASURY

31 CFR Subtitle A, Chs. I and II

Semiannual Agenda

AGENCY: Department of the Treasury.

ACTION: Semiannual regulatory agenda.

_______________________________________________________________________

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

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

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

     The Homeland Security Act of 2002 transferred the United 
States Customs Service from the Treasury Department to the new 
Department of Homeland Security (DHS). That Act, however, provides 
that the Secretary of the Treasury retains the regulatory authority 
for what the Act defines as customs revenue functions, but provides 
the Secretary of the Treasury plenary power to delegate such 
authority to the Secretary of Homeland Security. For this reason, 
Customs regulations continue to be listed in Treasury's portion of 
this semiannual regulatory agenda.

Dated: April 15, 2003.

 Richard S. Carro,

Senior Advisor to the General Counsel for Regulatory Affairs.

                                    Departmental Offices--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2355        12 CFR 1805 Community Development Financial Institutions (CDFI) Program NPRM........     1505-AA93
2356        17 CFR 403.4 Amendments to the Government Securities Act Regulations: Customer           1505-AA94
            Protection-Reserves and Custody of Securities.......................................
2357        31 CFR 50 Terrorism Risk Insurance Program..........................................     1505-AA98
2358        31 CFR 50 Terrorism Risk Insurance Program..........................................     1505-AA99
----------------------------------------------------------------------------------------------------------------


                                     Departmental Offices--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2359        48 CFR ch 10 Department of the Treasury Acquisition Regulation......................     1505-AA89
2360        31 CFR 5 Treasury Debt Collection...................................................     1505-AA90
2361        31 CFR 501 Reporting and Procedures Regulations; Cuban Assets Control Regulations:       1505-AA95
            Publication of Economic Sanctions Enforcement Guidelines............................
2362        31 CFR 50 Terrorism Risk Insurance Program..........................................     1505-AA96
2363        31 CFR 1.8 to 1.12 Disclosure of Records in Litigation..............................     1505-AA97
----------------------------------------------------------------------------------------------------------------


                                     Departmental Offices--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2364        31 CFR ch II Possible Regulation of Access to Accounts at Financial Institutions         1505-AA74
            Through Payment Service Providers...................................................
2365        Financial Activities of Financial Subsidiaries......................................     1505-AA80
2366        Financial Subsidiaries..............................................................     1505-AA81
2367        12 CFR 1501.2 Secretary's Determination of Real Estate Brokerage....................     1505-AA84
2368        12 CFR 1501.2 Secretary's Determination of Other Activities Financial in Nature.....     1505-AA85
2369        31 CFR 19 Common Rule Suspension and Debarment......................................     1505-AA86
2370        12 CFR 1806 Bank Enterprise Award (BEA) Program.....................................     1505-AA91
2371        12 CFR 1805 Community Development Financial Institutions (CDFI) Program.............     1505-AA92
----------------------------------------------------------------------------------------------------------------


[[Page 30761]]


                                     Departmental Offices--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2372        17 CFR 420 Amendments to the Large Position Rules...................................     1505-AA88
----------------------------------------------------------------------------------------------------------------


                               Financial Crimes Enforcement Network--Prerule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2373        Customer Identification Programs for Travel Agents..................................     1506-AA38
2374        Customer Identification Programs for Pawn Brokers...................................     1506-AA39
2375        Customer Identification Programs for Sellers of Vehicles............................     1506-AA41
----------------------------------------------------------------------------------------------------------------


                            Financial Crimes Enforcement Network--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2376        31 CFR 103 Amendment to the Bank Secrecy Act Regulations--Delegation of Authority To     1506-AA08
            Assess Civil Money Penalties on Depository Institutions.............................
2377        31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Requirement That           1506-AA28
            Financial Institutions Establish Anti-Money Laundering Programs.....................
2378        Customer Identification Programs for Loan and Finance Companies.....................     1506-AA40
2379        31 CFR 103.184 Imposition of Special Measures Against the Country of Nauru..........     1506-AA43
2380        31 CFR 103.11 Requirement That Futures Commission Merchants and Introducing Brokers      1506-AA44
            in Commodities Report Suspicious Transactions.......................................
----------------------------------------------------------------------------------------------------------------


                             Financial Crimes Enforcement Network--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2381        31 CFR 103 Amendment to the Bank Secrecy Act Regulations Regarding Reporting of          1506-AA15
            Cross-Border Transportation of Certain Monetary Instruments.........................
2382        31 CFR 103 Amendment to the Bank Secrecy Act Regulations--Exemptions From the            1506-AA23
            Requirement to Report Transactions in Currency......................................
2383        31 CFR 103.30 Amendment to the Bank Secrecy Act Regulations--Requirement that            1506-AA25
            Nonfinancial Trades or Businesses Report Certain Currency Transactions..............
2384        31 CFR 103.175-103.178 Due Diligence Requirements for Correspondent Accounts and         1506-AA29
            Private Banking Accounts............................................................
2385        31 CFR 103.121 Customer Identification Programs for Banks, Savings Associations, and     1506-AA31
            Credit Unions.......................................................................
2386        31 CFR 103.122 Customer Identification Program for Broker-Dealers...................     1506-AA32
2387        31 CFR 103.131 Customer Identification Program for Mutual Funds.....................     1506-AA33
2388        31 CFR 103.16 Financial Crimes Enforcement Network; Amendment to the Bank Secrecy        1506-AA36
            Act Regulations Requirement That Insurance Companies Report Suspicious Transactions.
2389        31 CFR 103.15 Amendment to the Bank Secrecy Act Regulations--Requirement That Mutual     1506-AA37
            Funds Report Suspicious Transactions................................................
2390        31 CFR 103.56 Financial Crimes Enforcement Network; Delegation of Enforcement            1506-AA45
            Authority Regarding the Foreign Bank Account Report Requirements....................
----------------------------------------------------------------------------------------------------------------


                             Financial Crimes Enforcement Network--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2391        31 CFR 103 Amendments to the Bank Secrecy Act Regulations--Special Reporting and         1506-AA19
            Recordkeeping Requirements--Money Services Businesses (MSBs)........................
----------------------------------------------------------------------------------------------------------------


[[Page 30762]]


                             Financial Crimes Enforcement Network--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2392        31 CFR 103.20 Financial Crimes Enforcement Network; Amendment to the Bank Secrecy        1506-AA34
            Act Regulations--Requirement that Currency Exchangers Report Suspicious Transactions
----------------------------------------------------------------------------------------------------------------


                                Financial Management Service--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2393        31 CFR 240 Indorsement and Payment of Checks Drawn on the United States Treasury....     1510-AA45
2394        31 CFR 245 Claims on Account of Treasury Checks.....................................     1510-AA51
2395        31 CFR 203 Payment of Federal Taxes and the Treasury Tax and Loan Program...........     1510-AA79
2396        31 CFR 206 Management of Federal Agency Receipts and Disbursements; Operation of the     1510-AA86
            Cash Management Improvement Fund....................................................
2397        31 CFR 215 Withholding of District of Columbia, State, City, and County Income, or       1510-AA90
            Employment Taxes by Federal Agencies................................................
----------------------------------------------------------------------------------------------------------------


                                 Financial Management Service--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2398        31 CFR 281 Foreign Exchange Operations..............................................     1510-AA48
2399        31 CFR 256 Payments Under Judgment and Private Relief Acts..........................     1510-AA52
2400        31 CFR 285.5 Offset of Federal Payments (Other Than Tax Refund and Federal Benefit       1510-AA65
            Payments) To Collect Past-Due, Legally Enforceable Nontax Debt......................
2401        31 CFR 285.7 Salary Offset..........................................................     1510-AA70
2402        31 CFR 285.8 Offset of Tax Refund Payment To Collect State Income Tax Obligations...     1510-AA78
2403        31 CFR 210 2003 ACH Rules...........................................................     1510-AA89
2404        31 CFR 901.9 Federal Claims Collection Standard--Collection by Installments.........     1510-AA91
----------------------------------------------------------------------------------------------------------------


                                 Financial Management Service--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2405        31 CFR 285.6 Offset of Federal Payments (Other Than Tax Refund and Federal Benefit       1510-AA66
            Payments) To Collect Past-Due Debts Owed to States (Other Than Child Support).......
2406        31 CFR 285.14 Public Dissemination of Identity of Delinquent Debtors................     1510-AA72
2407        31 CFR 223 Surety Bond Reimbursement Fund...........................................     1510-AA85
----------------------------------------------------------------------------------------------------------------


                                    Tax and Trade Bureau--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2408        27 CFR 252 Exportation of Liquors...................................................     1513-AA00
2409        27 CFR 7 Revision of Brewery Regulations and Issuance of Regulations for Taverns on      1513-AA02
            Brewery Premises (Brewpubs).........................................................
2410        27 CFR 4 Prohibition of Alcohol Beverage Containers and Standard of Fill for             1513-AA07
            Distilled Spirits and Wine..........................................................
2411        27 CFR 4 Amended Standard of Identity for Sherry....................................     1513-AA08
2412        27 CFR 7 Flavored Malt Beverages....................................................     1513-AA12
2413        27 CFR 270 Determination of Tax and Recordkeeping on Large Cigars...................     1513-AA16
2414        27 CFR 24 Production of Dried Fruit and Honey Wines.................................     1513-AA21
2415        27 CFR 9 Petition To Establish the ``Santa Barbara Highlands'' Viticultural Area....     1513-AA24
2416        27 CFR 44 Regulatory Changes From Customs Service Final Rule (2001R-140T)...........     1513-AA26

[[Page 30763]]


2417        27 CFR 40 Shipments of Tobacco Products or Cigarette Papers or Tubes Without Payment     1513-AA27
            of Tax..............................................................................
2418        27 CFR 9 Proposed ``San Bernabe'' Viticultural Area.................................     1513-AA28
2419        27 CFR 9 Petition To Establish the ``Trinity Lake'' Viticultural Area...............     1513-AA29
2420        27 CFR 45 Removal of Tobacco Products and Cigarette Papers and Tubes Without Payment     1513-AA38
            of Tax for Use of the United States.................................................
2421        27 CFR 9 Petition To Establish ``Eola Hills'' as a New American Viticultural Area...     1513-AA41
2422        27 CFR 4 Proposed Addition of New Grape Variety Names for American Wines............     1513-AA42
2423        27 CFR 9 Petition To Establish ``Columbia Gorge'' as a New American Viticultural         1513-AA43
            Area................................................................................
2424        27 CFR 40 Marks, Labels, Notices and Bonds for, and Removal of, Tobacco Products,        1513-AA49
            and Cigarette Papers and Tubes......................................................
2425        27 CFR 9 Petition To Establish ``Dundee Hills'' as a New American Viticultural Area.     1513-AA50
2426        27 CFR 9 Petition To Establish ``Santa Maria Bench'' as a New American Viticultural      1513-AA51
            Area................................................................................
2427        27 CFR 40 In-Transit Stops of Tobacco Products, and Cigarette Papers and Tubes           1513-AA52
            Without Payment of Tax..............................................................
2428        27 CFR 9 Petition To Establish ``Snake River Valley'' as a New Viticultural Area....     1513-AA53
2429        27 CFR 9 Petition To Expand the Livermore Valley Viticultural Area..................     1513-AA54
2430        27 CFR 9 San Francisco Bay and Central Coast Viticultural Areas--Boundary                1513-AA55
            Realignment/Expansion...............................................................
2431        27 CFR 9 Petition To Establish ``Upper Arroyo Grande'' as a New American                 1513-AA56
            Viticultural Area...................................................................
2432        27 CFR 9 Petition To Establish ``Chehalem Mountains'' as a New American Viticultural     1513-AA57
            Area................................................................................
2433        27 CFR 9 Petition To Establish ``Ribbon Ridge'' as a New American Viticultural Area.     1513-AA58
2434        27 CFR 9 Petition To Establish ``Yamhill-Carlton District'' as a New American            1513-AA59
            Viticultural Area...................................................................
2435        Electronic Signatures; Electronic Submission of Forms to TTB (2000R-458P)...........     1513-AA61
2436        Petition To Establish ``McMinnville'' as an American Viticultural Area in Oregon....     1513-AA63
2437        Petition To Establish the ``Fort Ross Seaview'' Viticultural Area...................     1513-AA64
2438        Petition To Establish the ``Alexander Mountain'' Viticultural Area..................     1513-AA65
2439        27 CFR 9 Petition To Establish ``Grand Lake O' the Cherokees'' as a New American         1513-AA66
            Viticultural Area...................................................................
2440        Petition No. 2 To Expand the Russian River Valley Viticultural Area.................     1513-AA67
2441        Petition To Establish the ``Salado Creek'' Viticultural Area........................     1513-AA69
2442        Petition To Establish the ``Shawnee Hills'' Viticultural Area.......................     1513-AA70
2443        Proposed Amended Boundaries for the Santa Lucia Highlands and the Arroyo Seco            1513-AA72
            Viticultural Area (03R-083P)........................................................
----------------------------------------------------------------------------------------------------------------


                                     Tax and Trade Bureau--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2444        27 CFR 24.278 Implementation of Wine Credit Provisions of Public Law 104-188........     1513-AA05
2445        27 CFR 24.66 Implementation of Public Law 105-34, Section 1416, Relating to Refund       1513-AA06
            of Tax for Domestic Wine Returned to Bond Regardless of Merchantability (Taxpayer
            Relief Act of 1997).................................................................
2446        27 CFR 275 Implementation of Public Law 105-33, Section 9302, Requiring the              1513-AA10
            Qualification of Tobacco Product Importers and Miscellaneous Technical Amendments...
2447        27 CFR 275 Tobacco Products and Cigarette Papers and Tubes Shipped from Puerto Rico      1513-AA17
            to the United States................................................................
2448        27 CFR 270 Elimination of Statistical Classes for Large Cigars......................     1513-AA18
2449        27 CFR 41 Importation of Tobacco Products and Cigarette Papers and Tubes;                1513-AA20
            Recodification of Regulations.......................................................
2450        27 CFR 4 Amelioration of Fruit and Agricultural Wines; Technical Amendments.........     1513-AA30
2451        27 CFR 9 Petition To Establish ``Red Hills'' American Viticultural Area.............     1513-AA33
2452        27 CFR 9 Petition To Establish ``Seneca Lake'' as an American Viticultural Area.....     1513-AA34
2453        27 CFR 9 Petition To Establish ``Bennett Valley'' as an American Viticultural Area..     1513-AA36
2454        27 CFR 9 Petition for the Establishment of ``Red Hill'' as an American Viticultural      1513-AA39
            Area................................................................................
2455        27 CFR 9 Petition To Change the Temecula Viticultural Area's Name to Temecula Valley     1513-AA40
2456        27 CFR 9 Petition To Establish ``Alexandria Lakes'' as a New American Viticultural       1513-AA45
            Area................................................................................
2457        27 CFR 4 Organic Claims in Labeling and Advertising of Alcohol Beverages............     1513-AA46
2458        27 CFR 9 Petition To Establish ``Oak Knoll District'' as a New American Viticultural     1513-AA48
            Area................................................................................
2459        27 CFR 7 Plain Language in Part 7...................................................     1513-AA60
2460        Petition No. 1 To Expand the Russian River Valley Viticultural Area.................     1513-AA68
----------------------------------------------------------------------------------------------------------------


[[Page 30764]]


                                     Tax and Trade Bureau--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2461        27 CFR 7 Alcoholic Content Labeling for Malt Beverages..............................     1513-AA01
2462        Sake Regulations....................................................................     1513-AA11
2463        27 CFR 275 Prohibited Marks on Packages of Tobacco Products and Cigarette Papers and     1513-AA14
            Tubes Imported or Brought into the United States....................................
2464        27 CFR 4.32(d) Removal of Requirement To Disclose Saccharin in the Labeling of Wine,     1513-AA15
            Distilled Spirits, and Malt Beverages...............................................
2465        27 CFR 31 Liquor Dealers; Recodification of Regulations.............................     1513-AA19
2466        27 CFR 19, subpart W Proposed Revisions of 27 CFR Part 19...........................     1513-AA23
2467        27 CFR 4 Proposal To Recognize Synonyms for Petite Sirah and Zinfandel Grape             1513-AA32
            Varieties...........................................................................
2468        27 CFR 17 Taxpaid Distilled Spirits Used in Manufacturing Products Unfit for             1513-AA37
            Beverage Use........................................................................
2469        31 CFR 8 Eliminate Requirement To Enroll To Practice Before the Bureau..............     1513-AA62
----------------------------------------------------------------------------------------------------------------


                                     Tax and Trade Bureau--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2470        27 CFR 5 Labeling of Unaged Grape Brandy............................................     1513-AA03
2471        27 CFR 19.11 Distilled Spirits Plant Regulatory Initiative Proposal.................     1513-AA04
2472        27 CFR 4 Health Claims and Other Health Related Statements in the Labeling and           1513-AA09
            Advertising of Alcohol Beverages....................................................
2473        27 CFR 16 Alcohol Beverage Health Warning Statement.................................     1513-AA13
2474        27 CFR 31 Delegation of Authority in 27 CFR Part 31.................................     1513-AA22
2475        27 CFR 40 Delegation of Authority in 27 CFR Part 40.................................     1513-AA25
2476        27 CFR 44 Voluntary Waiver of Filing Claim for Credit, Refund, Allowance, or Credit      1513-AA31
            of Tax for Tobacco Products Manufactured in Canada..................................
2477        27 CFR 9 Petition To Establish ``Capay Valley'' as an American Viticultural Area....     1513-AA35
2478        27 CFR 9 Petition To Propose ``Yadkin Valley'' as a New American Viticultural Area..     1513-AA44
2479        27 CFR 25 Brewery Forms.............................................................     1513-AA47
2480        Reorganization of Title 27, Code of Federal Regulations; Final Rule.................     1513-AA71
2481        27 CFR 19 Delegation of Authority in 27 CFR Part 19.................................     1513-AA73
2482        27 CFR 70 Delegation of Authority for Part 70.......................................     1513-AA74
----------------------------------------------------------------------------------------------------------------


                                   Comptroller of the Currency--Prerule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2483        12 CFR 3 Capital Rules..............................................................     1557-AB14
----------------------------------------------------------------------------------------------------------------


                                Comptroller of the Currency--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2484        Recordkeeping Requirements for Bank Exceptions From Securities Broker or Dealer          1557-AB93
            Registration........................................................................
2485        12 CFR 19 Maintenance of Records....................................................     1557-AB99
2486        12 CFR 28 International Banking Activities..........................................     1557-AC04
2487        12 CFR 30 Interagency Guidelines Establishing Standards for Safety and Soundness....     1557-AC08
2488        12 CFR 11 Reporting and Disclosure Requirements for National Banks With Securities       1557-AC12
            Registered Under the Securities Exchange Act of 1934; Securities Offering Disclosure
            Rules...............................................................................
----------------------------------------------------------------------------------------------------------------


[[Page 30765]]


                                  Comptroller of the Currency--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2489        12 CFR 5 Rules, Policies, and Procedures for Corporate Activities and Bank               1557-AB97
            Activities and Operations...........................................................
2490        31 CFR 103 Customer Identification Programs for Banks, Savings Associations, and         1557-AC06
            Credit Unions.......................................................................
2491        12 CFR 24 Community and Economic Development Entities, Community Development             1557-AC09
            Projects, and Other Public Welfare Investments (12 CFR Part 24).....................
2492        12 CFR 19 Removal, Suspension, and Debarment of Independent Accountants From             1557-AC10
            Performance of Audit Services.......................................................
2493        12 CFR 5 Rules, Policies, and Procedures for Corporate Activities (Electronic            1557-AC13
            Filings)............................................................................
----------------------------------------------------------------------------------------------------------------


                                 Comptroller of the Currency--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2494        Rules and Procedures for Claims Against OCC-Appointed Receiverships for Uninsured        1557-AB59
            Financial Institutions..............................................................
2495        Fair Credit Reporting Regulations...................................................     1557-AB78
2496        12 CFR 25 Community Reinvestment Act Regulation.....................................     1557-AB98
2497        12 CFR 5 Rules, Policies, and Procedures for Corporate Activities...................     1557-AC11
----------------------------------------------------------------------------------------------------------------


                                 Comptroller of the Currency--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2498        12 CFR 19 Uniform Rules of Practice and Procedure; Regulation Review................     1557-AB43
2499        12 CFR 5 Payday Lending.............................................................     1557-AC01
----------------------------------------------------------------------------------------------------------------


                               United States Customs Service--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2500        19 CFR 12 Textiles and Textile Products Subject to Textile Trade Agreements.........     1515-AB54
2501        19 CFR 159 Liquidation; Extension; Suspension.......................................     1515-AB66
2502        19 CFR 12 Detention, Seizure, and Forfeiture of ``Bootleg'' Sound Recording and          1515-AB74
            Music Videos of Live Musical Performances...........................................
2503        19 CFR 142 Reconciliation...........................................................     1515-AB85
2504        19 CFR 111 Remote Location Filing...................................................     1515-AC23
2505        19 CFR 142 Requirements for Future Customs Transactions When Payment To Customs on       1515-AC68
            Prior Transactions is Delinquent and/or Dishonored..................................
2506        19 CFR 145 Customs Examination of In-Transit Mail Shipments.........................     1515-AC71
2507        19 CFR 12 Patent Surveys............................................................     1515-AC93
2508        19 CFR 122 Advance Notice Requirements for Aircraft Landings and Arrivals; Revisions     1515-AD10
            to the Private Aircraft Overflight Program..........................................
2509        19 CFR 162 Prior Disclosure and Lost Duty or Revenue Demands When Penalty Claim Not      1515-AD13
            Issued..............................................................................
2510        19 CFR 181 Tariff Treatment Related To Disassembly Operations Under the North            1515-AD23
            American Free Trade Agreement.......................................................
2511        19 CFR 4 Manifest Discrepancy Reports--New Requirements for Vessels and a Conforming     1515-AD26
            Change..............................................................................
----------------------------------------------------------------------------------------------------------------


                                 United States Customs Service--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2512        19 CFR 4 Harbor Maintenance Fee.....................................................     1515-AA57
2513        19 CFR 24 Donated Cargo Exemption From Harbor Maintenance Fee.......................     1515-AA87

[[Page 30766]]


2514        19 CFR 181 North American Free Trade Agreement (NAFTA)--Implementation of Duty-          1515-AB87
            Deferral Program Provisions.........................................................
2515        19 CFR 141 Customs Entry Documentation Pursuant To Anticounterfeiting Consumer           1515-AC15
            Protection Act......................................................................
2516        19 CFR 134 Country-of-Origin Marking................................................     1515-AC32
2517        19 CFR 24 Expanded Methods of Payment of Duties, Taxes, Interest, and Fees..........     1515-AC40
2518        19 CFR 4 User and Navigation Fees; Other Reimbursable Charges.......................     1515-AC63
2519        19 CFR 10 African Growth and Opportunity Act and Generalized System of Preferences..     1515-AC72
2520        19 CFR 146 Expanded Weekly Entry Procedure for Foreign Trade Zones..................     1515-AC74
2521        19 CFR 10 United States-Caribbean Basin Trade Partnership Act and Caribbean Basin        1515-AC76
            Initiative..........................................................................
2522        19 CFR 24 Reimbursable Customs Inspectional Services--Increase in Hourly Rate Charge     1515-AC77
2523        19 CFR 24 User Fees.................................................................     1515-AC81
2524        19 CFR 12 Dog and Cat Protection Act................................................     1515-AC87
2525        19 CFR 10 Prototypes Used Solely For Product Development, Testing, Evaluation, or        1515-AC88
            Quality Control Purposes............................................................
2526        19 CFR 10 Preferential Treatment of Brassieres Under the United States-Caribbean         1515-AC89
            Basin Trade Partnership Act.........................................................
2527        19 CFR 141 Single Entry for Unassembled or Disassembled Entities Imported on             1515-AC94
            Multiple Conveyances................................................................
2528        19 CFR 133 Civil Fines For Importation of Merchandise Bearing a Counterfeit Mark....     1515-AC98
2529        19 CFR 122 Passenger and Crew Manifests Required for Passenger Flights in Foreign        1515-AC99
            Air Transportation to the United States.............................................
2530        19 CFR 191 Manufacturing Substitution Drawback--Duty Apportionment..................     1515-AD02
2531        19 CFR 122 Access to Customs Security Areas at Airports.............................     1515-AD04
2532        19 CFR 141 Conditional Release Period and Customs Bond Obligations For Food, Drugs,      1515-AD05
            Devices, and Cosmetics..............................................................
2533        19 CFR 122 Passenger Name Record Information Required For Passengers on Flights in       1515-AD06
            Foreign Air Transportation to or From the United States.............................
2534        19 CFR 111 Performance of Customs Business by Parent and Subsidiary Corporations....     1515-AD14
2535        19 CFR 103 Confidentiality Protection for Vessel Cargo Manifest Information.........     1515-AD18
2536        19 CFR 10 Implementation of the Andean Trade Promotion and Drug Eradication Act.....     1515-AD19
2537        19 CFR 10 Trade Benefits Under the African Growth and Opportunity Act...............     1515-AD20
2538        19 CFR 24 Fees for Customs Processing at Express Courier Facilities.................     1515-AD21
2539        19 CFR 10 Trade Benefits Under the Caribbean Basin Economic Recovery Act............     1515-AD22
2540        19 CFR 10 Preferential Treatment of Brassieres Under the Caribbean Basin Economic        1515-AD24
            Recovery Act........................................................................
2541        19 CFR 10 Refund of Duties Paid on Imports of Certain Wool Products.................     1515-AD27
2542        19 CFR 111 Customs Broker License Examination Dates.................................     1515-AD28
2543        19 CFR 103 Confidentiality of Commercial Information................................     1515-AD29
----------------------------------------------------------------------------------------------------------------


                                United States Customs Service--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2544        19 CFR 12 Entry of Softwood Lumber Shipments From Canada............................     1515-AB97
2545        19 CFR 123 Designated Land Border Crossing Locations for Certain Conveyances........     1515-AC12
2546        19 CFR 12 Entry of Softwood Lumber Shipments From Canada............................     1515-AC62
2547        19 CFR 123 Simplification of In-Transit Truck Shipments Between Canada and the           1515-AC65
            United States.......................................................................
2548        19 CFR 24 Procedures Governing the Border Release Advanced Screening and Selectivity     1515-AC92
            (BRASS) Program.....................................................................
----------------------------------------------------------------------------------------------------------------


                                United States Customs Service--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2549        19 CFR 4 Deferral of Duty on Large Yachts Imported for Sale.........................     1515-AC58
2550        19 CFR 102 Rules of Origin for Textile and Apparel Products.........................     1515-AC80
2551        19 CFR 141 Single Entry for Split Shipments.........................................     1515-AC91
2552        19 CFR 12 Entry of Certain Steel Products...........................................     1515-AD15
2553        19 CFR 4 Compliance with Inflation Adjustment Act...................................     1515-AD25
----------------------------------------------------------------------------------------------------------------


[[Page 30767]]


                                                   United States Customs Service--Discontinued Entries
--------------------------------------------------------------------------------------------------------------------------------------------------------
  Regulation
Identification                                             Title                                                  Date                 Comments
    Number
--------------------------------------------------------------------------------------------------------------------------------------------------------
1515-AC44        19 CFR 113 Importation and Entry Bond Conditions Regarding Other Agency Documentation          03/20/2003   Withdrawn
                 Requirements
1515-AC73        19 CFR 122 Private Aircraft Programs--Establishment of the General Aviation Telephonic         12/02/2002   Withdrawn
                 Entry (GATE) Program and Revisions to the Overflight Program
1515-AC85        19 CFR 10 Amendment to Wool Duty Refund Program                                                08/12/2002   Withdrawn
--------------------------------------------------------------------------------------------------------------------------------------------------------


                                     Internal Revenue Service--Prerule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2554        Liabilities Assumed in Certain Corporate Transactions...............................     1545-AY74
2555        Communications Excise Tax; Taxable Communication Services...........................     1545-BB04
2556        Fractional Parts of a Dollar (Temporary)............................................     1545-BB42
2557        Update to Section 6081 Regulations (Temporary)......................................     1545-BB55
2558        Guidance Regarding Mark-to-Market Valuation for Certain Securities..................     1545-BB90
2559        Disclosure of Return Information to the Department of Agriculture (Temporary).......     1545-BB91
----------------------------------------------------------------------------------------------------------------


                                  Internal Revenue Service--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2560        Foreign Insurance Companies.........................................................     1545-AL82
2561        Outbound Transfers of Property to Foreign Corporations..............................     1545-AM97
2562        Foreign Insurance Company--Domestic Election........................................     1545-AO25
2563        Fringe Benefit Sourcing Under Section 861...........................................     1545-AO72
2564        Taxation of Global Trading..........................................................     1545-AP01
2565        Information Reporting and Record Maintenance........................................     1545-AP10
2566        Integrated Financial Transaction....................................................     1545-AR20
2567        Source Rules for Payments Made Pursuant to Certain Swap Arrangements................     1545-AU89
2568        Substantiating Travel Expense Deductions for Members of Congress....................     1545-AV55
2569        Foreign Tax Credit Anti-Abuse Regulation............................................     1545-AV97
2570        Transportation of Persons and Property by Air.......................................     1545-AW19
2571        Contingent Debt Instrument..........................................................     1545-AW33
2572        Capital Gain Guidance Relating to CRTs..............................................     1545-AW35
2573        Constructive Sales of Appreciated Financial Positions...............................     1545-AW97
2574        Rules for Sourcing Certain Transportation Income, Space, or Ocean Activity Income,       1545-AX02
            and Related Foreign Base Company Shipping Income....................................
2575        Straddles--One Side Larger Than the Other...........................................     1545-AX16
2576        Definition of Accounting Method.....................................................     1545-AX21
2577        Cash or Deferred Arrangements.......................................................     1545-AX26
2578        Cash or Deferred Arrangements (Temporary)...........................................     1545-AX43
2579        Awarding of Costs and Certain Fees..................................................     1545-AX46
2580        Highly Compensated Employee.........................................................     1545-AX48
2581        Modification to Section 367(a) Stock Transfer Regulations...........................     1545-AX77
2582        Clarification of Foreign-Based Company Sales Income Rules...........................     1545-AX91
2583        Assumption of Partnership Liabilities...............................................     1545-AX93
2584        Like-Kind Exchanges.................................................................     1545-AX95
2585        Guidance on Changes to the Laws for Corporate Estimated Taxes.......................     1545-AY22
2586        Withholding Tax on Foreign Partners' Share of Effectively Connected Income..........     1545-AY28
2587        Taxable Years of Controlled Foreign Corporations (CFCs) and Foreign Personal Holding     1545-AY30
            Companies (FPHCs)...................................................................
2588        Allocation of Income and Deductions from Intangibles................................     1545-AY38
2589        Dollar-Value LIFO...................................................................     1545-AY39
2590        Previously Taxed Earnings and Profits Under Subpart F...............................     1545-AY54
2591        Normal Retirement Age for Pension Plans.............................................     1545-AY61

[[Page 30768]]


2592        Normalization.......................................................................     1545-AY75
2593        Disclosure of Returns and Return Information in Judicial and Administrative Tax          1545-AY89
            Proceedings.........................................................................
2594        Payments For Interest in Partnership................................................     1545-AY90
2595        Allocation and Apportionment of Interest Expense....................................     1545-BA02
2596        Transactions Involving Obligations of Consolidated Group Members....................     1545-BA11
2597        Deductibility of Employer Contributions for Deferred Compensation...................     1545-BA13
2598        Continuation of a Consolidated Group................................................     1545-BA14
2599        Property Exempt from Levy...........................................................     1545-BA22
2600        Gasoline Tax Claims.................................................................     1545-BA27
2601        Suspension of Statutes of Limitation in John Doe and Third-Party Summons Disputes,       1545-BA31
            and Expansion of Taxpayers' Rights to Receive Notice and Seek Judicial Review of
            Third Party Summonses...............................................................
2602        Amendments to Rules for Allocation of Basis.........................................     1545-BA32
2603        Earned Income Credit................................................................     1545-BA34
2604        Income From Sources Within Specified Possession.....................................     1545-BA37
2605        Treatment of Certain Obligation-Shifting Transactions...............................     1545-BA41
2606        Multi-Family Housing Bonds..........................................................     1545-BA45
2607        User Fees for Offers To Compromise..................................................     1545-BA54
2608        Modification of Check the Box Regulations...........................................     1545-BA59
2609        Abatement of Interest on Large Erroneous Refunds....................................     1545-BA61
2610        Allocation and Apportionment Rules: Guidance on Selected Issues.....................     1545-BA64
2611        Provisions Regarding Cross-Border Transactions......................................     1545-BA65
2612        Interest Other Than That of a Creditor..............................................     1545-BA69
2613        Circular 230--Tax Shelter Amendments................................................     1545-BA70
2614        Circular 230--Phase 2 Non-Shelter Revisions.........................................     1545-BA72
2615        Statutory Options...................................................................     1545-BA75
2616        Disclosure of Relative Value of Distribution Forms..................................     1545-BA78
2617        Partnership Transactions Involving Long-Term Contracts..............................     1545-BA81
2618        Allocation of New Markets Tax Credit................................................     1545-BA84
2619        Carryover and Stacking Rule Amendment...............................................     1545-BA85
2620        Aggregate Computation and Allocation of Research Credit.............................     1545-BA88
2621        Transfer of Notes or Stock To Provide for Satisfaction of Contested Liabilities.....     1545-BA90
2622        Transfer of Notes or Stock To Provide for Satisfaction of Contested Liabilities          1545-BA91
            (Temporary).........................................................................
2623        Generation-Skipping Transfer Tax Relief Provisions..................................     1545-BA94
2624        Guidance To Facilitate Electronic Tax Administration................................     1545-BA96
2625        Employment Taxes--Failure-to-Deposit Penalty........................................     1545-BA97
2626        Timely Mailing Treatment............................................................     1545-BA99
2627        Hand Carry Returns..................................................................     1545-BB00
2628        Change in Use; Accelerated Cost Recovery System.....................................     1545-BB05
2629        Depreciation of Vans and Light Trucks...............................................     1545-BB06
2630        Disclosure of Reportable Transactions...............................................     1545-BB07
2631        Registration of Reportable Transactions.............................................     1545-BB08
2632        List Maintenance Requirement for Reportable Transactions............................     1545-BB09
2633        Capital Account Bookup..............................................................     1545-BB10
2634        Allocation of Foreign Tax Credits Among Partners....................................     1545-BB11
2635        Distributions of Property...........................................................     1545-BB12
2636        Structured Settlement Factoring Transactions........................................     1545-BB14
2637        Testimony Authorizations and Requests for IRS Information...........................     1545-BB15
2638        Investigative Disclosures...........................................................     1545-BB16
2639        Investigative Disclosures (Temporary)...............................................     1545-BB17
2640        Toll Telephone Service--Definition..................................................     1545-BB18
2641        Duplicate Tax Benefits..............................................................     1545-BB25
2642        Cost Sharing........................................................................     1545-BB26
2643        Application of Separate Limitations to Dividends From Noncontrolled Section 902          1545-BB28
            Corporation.........................................................................
2644        Extension of Time for Filing Returns................................................     1545-BB29
2645        Treatment of Services Under Section 482.............................................     1545-BB31
2646        Preparer Penalties--Signature Requirement and Copies of Returns.....................     1545-BB34
2647        Fractional Parts of a Dollar........................................................     1545-BB35
2648        Amending the Low-Income Housing Tax Credit Program..................................     1545-BB37
2649        Investment Adjustment Rules and Waiver of Loss Carryovers from SRLY Years--Amended..     1545-BB38

[[Page 30769]]


2650        Investment Adjustment Rules and Waiver of Loss Carryovers from SRLY Years--Amended       1545-BB39
            (Temporary).........................................................................
2651        Amendment to Section 6724 Relating to Failure to File Correct Information Returns...     1545-BB41
2652        Hand Carrying Returns (Temporary)...................................................     1545-BB45
2653        Administrative Simplification of 481(a) Adjustment Periods in Various Regulations...     1545-BB47
2654        Election Out Generation-Skipping Transfer Tax (GST) Deemed Allocations..............     1545-BB54
2655        Substitute Dividend Payments in Securities Lending and Similar Transactions.........     1545-BB56
2656        Special Depreciation Allowance......................................................     1545-BB57
2657        Deemed IRAs in Qualified Retirement Plans...........................................     1545-BB58
2658        Deemed IRAs in Qualified Retirement Plans (Temporary)...............................     1545-BB59
2659        Loss Limitation Rules--G U Repeal...................................................     1545-BB61
2660        Safe Harbor Leasing Second Interest Capitalization..................................     1545-BB62
2661        Safe Harbor Leasing Second Interest Capitalization (Temporary)......................     1545-BB63
2662        Contributions To Purchase Certain Retirement Annuities or Custodial Accounts Under       1545-BB64
            Section 403(b)......................................................................
2663        Installment Obligations.............................................................     1545-BB65
2664        Use of Government Depositaries in Connection with Tax Under the Federal Unemployment     1545-BB66
            Tax Act.............................................................................
2665        Use of Government Depositaries in Connection With Tax Under the Federal Unemployment     1545-BB67
            Tax Act (Temporary).................................................................
2666        Availability of Section 338(h)(10) Election in Multistep Transactions...............     1545-BB68
2667        Statutory Options (Temporary).......................................................     1545-BB69
2668        Liquidation of an Interest..........................................................     1545-BB71
2669        Qualified Interests.................................................................     1545-BB72
2670        Real Estate Mortgage Investment Conduits; Application of Section 446 With Respect to     1545-BB73
            Inducement Fees.....................................................................
2671        Real Estate Mortgage Investment Conduits; Application of Section 446 With Respect to     1545-BB74
            Inducement Fees (Temporary).........................................................
2672        Collected Excise Taxes; Duties of Collector.........................................     1545-BB75
2673        Guidance on Life Insurance and Annuity Contracts....................................     1545-BB77
2674        Corporate Reorganizations; Continuity--Transfers of Assets or Stock Following a          1545-BB80
            Reorganization......................................................................
2675        Corporate Reorganizations; Continuity--Transfers of Assets or Stock Following a          1545-BB81
            Reorganization (Temporary)..........................................................
2676        Notional Principal Contracts........................................................     1545-BB82
2677        Assumption of Partnership Liabilities (Temporary)...................................     1545-BB83
2678        REMIC Residuals--Timing of Income for Foreign Holders...............................     1545-BB84
2679        Transferor or Transferee as a Predecessor or Successor..............................     1545-BB85
2680        Dependent Care Credit...............................................................     1545-BB86
2681        Guidance Under Section 368 Regarding Restricted Stock...............................     1545-BB87
2682        Determination of Single-Sum Distributions From Cash Balance Plans...................     1545-BB93
2683        Accrual for Certain REMIC Regular Interests.........................................     1545-BB94
2684        Miscellaneous Changes to Collection Due Process Procedures Relating to Notice and        1545-BB96
            Opportunity for Hearing Upon Filing of Notice of Lien...............................
2685        Miscellaneous Changes to Collection Due Process Procedures Relating to Hearings          1545-BB97
            Before Levy.........................................................................
2686        Computation of Tax Attributes.......................................................     1545-BB98
2687        Distributions of Loss Corporation Stock by Qualified Plans (Temporary)..............     1545-BB99
2688        Distributions of Loss Corporation Stock by Qualified Plans..........................     1545-BC00
2689        Tax Exempt Bond Partnership Reporting Regulation (Temporary)........................     1545-BC01
2690        New Markets Tax Credit Amendments (Temporary).......................................     1545-BC02
2691        New Markets Tax Credit Amendments...................................................     1545-BC03
2692        Tax Exempt Bond Partnersip Reporting Regulation.....................................     1545-BC04
2693        Allocation of Basis to Distributees Following a Reorganization......................     1545-BC05
2694        General Allocation and Accounting Regulations.......................................     1545-BC07
----------------------------------------------------------------------------------------------------------------


                                   Internal Revenue Service--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2695        Golden Parachute Payments...........................................................     1545-AH49
2696        Foreign Corporations................................................................     1545-AK74
2697        Nonrecognition of Corporate Distributions and Reorganizations Under the Foreign          1545-AK79
            Investment in Real Property Tax Act.................................................
2698        Computation of a Branch's Taxable Income; Taxation of Exchange Gain or Loss on           1545-AM12
            Branch Remittances..................................................................

[[Page 30770]]


2699        Earnings Stripping Payments.........................................................     1545-AO24
2700        Registration Required Obligations...................................................     1545-AP33
2701        Interest-Free Adjustments...........................................................     1545-AQ61
2702        Definition of ``Highly Compensated Employee''.......................................     1545-AQ74
2703        Escrow Funds and Other Similar Funds................................................     1545-AR82
2704        Mark-to-Market Upon Disposition.....................................................     1545-AS85
2705        Straddles---Miscellaneous Issues....................................................     1545-AT46
2706        Agreements for Payment of Tax Liabilities in Installments...........................     1545-AU97
2707        Definition of ``Private Activity Bonds'' Allocation and Accounting Regulations......     1545-AU98
2708        Return of Levied Property in Certain Cases..........................................     1545-AV01
2709        Electronic Transmission of Withholding Certificates.................................     1545-AV27
2710        Interest on Education Loans.........................................................     1545-AW01
2711        Mark-to-Market Accounting for Dealers in Commodities and Traders in Securities and       1545-AW06
            Commodities.........................................................................
2712        Intercompany Obligations............................................................     1545-AW30
2713        Guidance Under Subpart F Relating to Certain Hybrid Transactions....................     1545-AW63
2714        Reporting of Payments to Attorney...................................................     1545-AW72
2715        Qualified Offers....................................................................     1545-AW99
2716        Allocation of Research Credit.......................................................     1545-AX05
2717        Delay Rental Payments...............................................................     1545-AX06
2718        Guidance on Cost Recovery in the Entertainment Industry.............................     1545-AX12
2719        Allocating Basis Adjustments........................................................     1545-AX18
2720        Guaranteed Investment Contracts.....................................................     1545-AX22
2721        Special Rules for Retroactive Payments Under Section 417(a)(7)(A) for Qualified          1545-AX34
            Retirement Plans....................................................................
2722        Changes in Entity Classification: Special Rule for Certain Foreign Eligible Entities     1545-AX39
2723        Compensation Deferred Under Eligible Section 457(b) Plans...........................     1545-AX52
2724        Stock Transfer Rules--Carryover of Earnings and Taxes...............................     1545-AX65
2725        Allocation and Apportionment of Interest Expense and Certain Other Expenses.........     1545-AX72
2726        HIPAA Portability...................................................................     1545-AX84
2727        Disclosure of Return and Return Information to Designee of Taxpayer.................     1545-AX85
2728        Application of Separate Foreign Tax Credit Limitations..............................     1545-AX88
2729        Definition of Income................................................................     1545-AX96
2730        Investment Type Property (Prepayment)...............................................     1545-AY12
2731        Electing Mark-to-Market for Marketable Stock of a PFIC..............................     1545-AY17
2732        Authorized Placement Agency.........................................................     1545-AY18
2733        Use of Taxpayer Identifying Numbers.................................................     1545-AY24
2734        Dual Consolidated Loss Recapture Events.............................................     1545-AY27
2735        HIPAA General Nondiscrimination.....................................................     1545-AY32
2736        HIPAA Nondiscrimination Exception for Church Plans..................................     1545-AY33
2737        HIPAA Nondiscrimination Exception for Bona Fide Wellness Programs...................     1545-AY34
2738        Information Reporting on Cancellation of Indebtedness...............................     1545-AY35
2739        Recognition of Gain on Certain Distributions of Stock or Securities in Connection        1545-AY42
            with an Acquisition.................................................................
2740        Modified Guaranteed Contracts.......................................................     1545-AY48
2741        Election--Asset Acquisitions of Insurance Companies.................................     1545-AY49
2742        Electronic Furnishing of Payee Statements...........................................     1545-AY50
2743        Tax Treatment of Cafeteria Plans....................................................     1545-AY67
2744        Qualified S Election for Testamentary Trusts........................................     1545-AY76
2745        Research Credit III.................................................................     1545-AY82
2746        Treatment of Community Income for Certain Individuals Not Filing Joint Returns......     1545-AY83
2747        Low-Income Taxpayer Clinics.........................................................     1545-AY84
2748        Charitable Lead Interest............................................................     1545-AY86
2749        New Market Tax Credit...............................................................     1545-AY87
2750        Net Gift Treatment..................................................................     1545-AY91
2751        Definition of Agent and Safeguard Certifications....................................     1545-AY94
2752        Tax Shelter Penalties...............................................................     1545-AY97
2753        Expenditures in Connection with the Creation of Intangible Assets...................     1545-BA00
2754        Mergers Involving Disregarded Entities..............................................     1545-BA06
2755        Consolidated Returns; Nonapplicability of Section 357(c)............................     1545-BA09
2756        Reductions of Accruals and Allocations Because of Increased Age.....................     1545-BA10
2757        Procurement/Purchasing Card Reporting...............................................     1545-BA17

[[Page 30771]]


2758        Receipt of Multiple Notices with Respect to Incorrect Taxpayer Identification            1545-BA18
            Numbers.............................................................................
2759        Catch-Up Contributions for Individuals Aged 50 or Over..............................     1545-BA24
2760        Split-Dollar Life Insurance.........................................................     1545-BA44
2761        Amendment to the Definition of Refunding............................................     1545-BA46
2762        Treatment of Funded Welfare Benefit Plans...........................................     1545-BA47
2763        Loss Limitation Rules...............................................................     1545-BA52
2764        Noncompensatory Partnership Options.................................................     1545-BA53
2765        Compensatory Stock Options Under Section 482........................................     1545-BA57
2766        Modification of Check the Box Regulations (Temporary)...............................     1545-BA58
2767        Required Distributions from Retirement Plans........................................     1545-BA60
2768        Carryback of Consolidated Net Operating Losses to Separate Return Years.............     1545-BA73
2769        Controlled Foreign Partnership Reporting............................................     1545-BA77
2770        Earnings Calculation for Returned or Recharacterized Contributions..................     1545-BA82
2771        Reporting Requirements for Widely Held Fixed Investment Trusts......................     1545-BA83
2772        Guidance on Reporting of Deposit Interest Paid to Nonresident Aliens................     1545-BA86
2773        Designated IRS Officer or Employee..................................................     1545-BA89
2774        Reduced Exclusion of Gain From Sale or Exchange of Principal Residence..............     1545-BB01
2775        Substantiation of Incidental Expenses...............................................     1545-BB20
2776        Exclusions from Gross Income of Foreign Corporations................................     1545-BB30
2777        Advance Rentals.....................................................................     1545-BB44
2778        Information Reporting Relating to Taxable Stock Transactions........................     1545-BB60
2779        Collected Excise Taxes; Duties of Collector (Temporary).............................     1545-BB76
2780        Availability of Section 338(h)(10) Election in Multistep Transactions (Temporary)...     1545-BB78
2781        Application of Nondiscrimination Cross-Testing Rules to Cash Balance Plans..........     1545-BB79
----------------------------------------------------------------------------------------------------------------


                                   Internal Revenue Service--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2782        Income Tax--Taxpayer's Obligation To File a Notice of Redetermination of Foreign Tax     1545-AC09
            and Civil Penalties for Failure to File.............................................
2783        Income Tax--Definition of Qualified Possession Source Investment Income for Purposes     1545-AC10
            of Puerto Rico and Possession Tax Credit............................................
2784        FSC Transfer Pricing Rules, Distributions, Dividends Received, Deduction, and Other      1545-AI16
            Special Rules for FSC...............................................................
2785        Information From Passport and Immigration Applicants................................     1545-AJ93
2786        Income of Foreign Governments and International Organizations.......................     1545-AL93
2787        Clarification of Treatment of Separate Limitation Losses............................     1545-AM11
2788        Earnings and Profits of Controlled Foreign Corporations.............................     1545-AM90
2789        Caribbean Basin Investments.........................................................     1545-AM91
2790        Railroad Unemployment Repayment Tax.................................................     1545-AN40
2791        Consolidated Alternative Minimum Tax................................................     1545-AN73
2792        Conforming Taxable Years of CFCs and FPHCs..........................................     1545-AO22
2793        Charitable Contributions............................................................     1545-AP30
2794        Guidance in Notice 89-37, Which Treats the Receipt of a Corporate Partner's Stock by     1545-AP52
            the Corporate Partner as a Circumvention of General Utilities Repeal................
2795        Use of GAAP Earnings as E&P of Foreign Corporations.................................     1545-AQ55
2796        The Treatment of Accelerated Death Benefits.........................................     1545-AQ70
2797        Foreign Trusts Regulations..........................................................     1545-AR25
2798        Treatment of Dual Consolidated Losses...............................................     1545-AR26
2799        Allocation of Accrued Benefits Between Employer and Employee Contributions..........     1545-AT82
2800        Foreign Corporations Regulations....................................................     1545-AT96
2801        Treatment of Obligation-Shifting Transactions.......................................     1545-AU19
2802        Application of Grantor Trust Rules to Nonexempt Employees' Trust....................     1545-AU29
2803        Recomputation of Life Insurance Reserves............................................     1545-AU49
2804        Application of Attribution Rules to Foreign Trusts..................................     1545-AU91
2805        Financial Asset Securitization Investment Trust (FASIT) Start-up; Operational and        1545-AU94
            Transitional Rules..................................................................
2806        Stocks and Securities Safe Harbor Exception.........................................     1545-AW13

[[Page 30772]]


2807        Source of Income From Certain Space and Ocean Activities and for Communications          1545-AW50
            Income..............................................................................
2808        Highway Vehicle--Definition.........................................................     1545-AX10
2809        Inspection of Written Determinations................................................     1545-AX40
2810        Definition of Private Activity Bond--Refunding Regulations..........................     1545-AX55
2811        Definition of Passive Foreign Investment Company Under Section 1297.................     1545-AX78
2812        Capitalization of Interest and Carrying Charges Properly Allocable to Straddles.....     1545-AX92
2813        Active Conduct of an Insurance Business Under PFIC Rules............................     1545-AY20
2814        Special Rules Relating to Transfers of Intangibles to Foreign Corporations..........     1545-AY41
2815        Special Rules for S Corporations....................................................     1545-AY44
2816        Transitional Relief for Qualified Intermediaries....................................     1545-AY92
2817        Application of the Federal Insurance Contributions Act, Federal Unemployment Tax         1545-BA26
            Act, and Collection of Income Tax at Source to Statutory Stock Options..............
2818        Foreign Corporations--Treatment of Distributions or Liquidations....................     1545-BA79
2819        Redemptions Treated as Dividends....................................................     1545-BA80
2820        Allocation and Apportionment of Interest Expense....................................     1545-BA92
2821        Earnings and Profits Attribution Principles.........................................     1545-BA93
2822        Authorization for IRS to Charge Fees For Copying Exempt Organization Returns........     1545-BB21
2823        Authorization for IRS to Charge Fees For Copying Exempt Organization Returns             1545-BB22
            (Temporary).........................................................................
2824        Mixed Use Output Facilities.........................................................     1545-BB23
2825        Accrual Rules for Creditable Foreign Taxes and Guidance on Change in Taxable Year...     1545-BB27
2826        Limitation on Use of Nonaccrual Experience Method of Accounting.....................     1545-BB43
2827        Partnership Equity for Services.....................................................     1545-BB92
2828        Transfers of Nonstatutory Stock Options to Related Persons..........................     1545-BC06
----------------------------------------------------------------------------------------------------------------


                                   Internal Revenue Service--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2829        Limitations on Passive Activity Losses and Credits--Self-Charged Items..............     1545-AN64
2830        Election To Treat Trust as Estate...................................................     1545-AW24
2831        Corporate Tax Shelter Registration..................................................     1545-AW26
2832        Education Credits...................................................................     1545-AW65
2833        Certain Asset Transfers to Regulated Investment Companies (RICs) and Real Estate         1545-AW92
            Investment Trusts (REITs)...........................................................
2834        Notice of Contact of Third Parties..................................................     1545-AX04
2835        Exclusion of Gain on the Sale or Exchange of Principal Residence....................     1545-AX28
2836        Loans to Participants or Beneficiaries From Qualified Employee Plans................     1545-AX68
2837        Requirement To Maintain List of Investors in Potentially Abusive Tax Shelters.......     1545-AX79
2838        Tax Shelter Disclosure Statements...................................................     1545-AX81
2839        Statute of Limitations on Collection Installment Agreements.........................     1545-AX89
2840        Definition of Diesel Fuel...........................................................     1545-AX97
2841        Constructive Transfers and Transfers of Property to Third Parties on Behalf of a         1545-AX99
            Spouse..............................................................................
2842        Guidance Necessary To Facilitate Electronic Tax Administration......................     1545-AY04
2843        Damages for Intentional or Reckless Disregard of the Internal Revenue Code..........     1545-AY08
2844        Disallowance of Deductions and Credits for Failure to File Timely Return............     1545-AY26
2845        Disclosure of Return Information to Officers and Employees of the Department of          1545-AY52
            Commerce for Certain Statistical Purposes and Related Activities....................
2846        Obligation of States and Political Subdivisions.....................................     1545-AY71
2847        Disclosure of Returns and Return Information by Other Agencies......................     1545-AY77
2848        Excise Tax Imposed on Foreign Insurers or Reinsurers................................     1545-AY93
2849        Consolidated Return Intercompany Transaction Rules..................................     1545-BA05
2850        Notice of Significant Reduction in the Rate of Future Benefit Accrual...............     1545-BA08
2851        Unit Livestock Pricing Method.......................................................     1545-BA25
2852        Guidance Regarding Foreign Personal Holding Company Income..........................     1545-BA33
2853        Transfers of C Corporation Property to RICs or REITs................................     1545-BA36
2854        Withholding at Treaty Rate Exception for Taxpayer Identifying Number................     1545-BA38
2855        Information Reporting for Qualified Tuition and Related Expenses; Magnetic Media         1545-BA43
            Filing Requirements for Information Returns.........................................

[[Page 30773]]


2856        Determination of Basis of Partner's Interest; Special Rules.........................     1545-BA50
2857        Low-Income Taxpayer Clinics.........................................................     1545-BA95
2858        Designated IRS Officer or Employee (Temporary)......................................     1545-BA98
2859        Reduced Exclusion of Gain From Sale or Exchange of Principal Residence (Temporary)..     1545-BB02
2860        Penalties for Unauthorized Inspection of Returns....................................     1545-BB13
2861        Substantiation of Incidental Expenses (Temporary)...................................     1545-BB19
2862        Structured Settlement Factoring Transactions (Temporary)............................     1545-BB24
2863        Tax Shelter Disclosure Statements (Temporary).......................................     1545-BB32
2864        Requirement To Maintain List of Investors in Potentially Abusive Tax Shelters.......     1545-BB33
2865        Issues Relating to Certain Foreign Corporations and Partnerships....................     1545-BB36
2866        Information Reporting for Taxable Stock Transactions................................     1545-BB40
2867        Statutory Mergers and Consolidations................................................     1545-BB46
2868        Disclosure Statements for Employment Tax............................................     1545-BB48
2869        Disclosure Statements for Estate Tax................................................     1545-BB49
2870        Disclosure Statements for Gift Tax..................................................     1545-BB50
2871        Disclosure Statements for Pension Excise Taxes......................................     1545-BB51
2872        Disclosure Statements for Public Charity Excise Taxes...............................     1545-BB52
2873        Disclosure Statements for Foundation Excise Taxes...................................     1545-BB53
2874        Taxpayer Identification Number (TIN) Matching Program (Temporary)...................     1545-BB88
2875        Guidance Under Section 1502: Suspension of Losses on Certain Stock Dispositions          1545-BB95
            (Temporary).........................................................................
----------------------------------------------------------------------------------------------------------------


                                                     Internal Revenue Service--Discontinued Entries
--------------------------------------------------------------------------------------------------------------------------------------------------------
  Regulation
Identification                                             Title                                                  Date                 Comments
    Number
--------------------------------------------------------------------------------------------------------------------------------------------------------
1545-AR32        Intercompany Transfer Pricing for Services                                                     03/03/2003   Withdrawn
1545-BA71        Definition of Reorganizations                                                                  03/03/2003   Withdrawn
1545-BB03        Heavy Vehicle Tax; Definition of Highway Tractor                                               12/20/2002   Withdrawn
1545-BB70        Temporary Regulations Under Sections 6662 and 6664 Regarding Tax Shelter Penalties             03/12/2003   Withdrawn
--------------------------------------------------------------------------------------------------------------------------------------------------------


                                   Office of Thrift Supervision--Prerule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2876        12 CFR 567 Capital Rules............................................................     1550-AB11
----------------------------------------------------------------------------------------------------------------


                                 Office of Thrift Supervision--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2877        12 CFR 513 Removal, Suspension, and Debarment of Accountants from Performing Audit       1550-AB53
            Services............................................................................
----------------------------------------------------------------------------------------------------------------


                                 Office of Thrift Supervision--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2878        12 CFR 545 Directors and Officers...................................................     1550-AB19
2879        12 CFR 571 Fair Credit Reporting....................................................     1550-AB33
2880        12 CFR 563e Community Reinvestment Act..............................................     1550-AB48
----------------------------------------------------------------------------------------------------------------


[[Page 30774]]


                                 Office of Thrift Supervision--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2881        12 CFR 550 Recordkeeping and Confirmation Requirements for Securities Transactions;      1550-AB49
            Fiduciary Powers of Savings Associations............................................
2882        12 CFR 562 Regulatory Reporting Standards: Qualifications for Independent Public         1550-AB54
            Accounts Performing Audit Services for Voluntary Audit Filers.......................
2883        12 CFR 506 Savings Associations--Operations; Transactions with Affiliates...........     1550-AB55
----------------------------------------------------------------------------------------------------------------

_______________________________________________________________________
Department of the Treasury (TREAS)                  Proposed Rule Stage
Departmental Offices (DO)
_______________________________________________________________________

2355. COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFI) PROGRAM NPRM

Priority: Substantive, Nonsignificant

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

CFR Citation: 12 CFR 1805

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/03
NPRM Comment Period End         07/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1505-AA93
_______________________________________________________________________

2356. AMENDMENTS TO THE GOVERNMENT SECURITIES ACT REGULATIONS: CUSTOMER 
PROTECTION-RESERVES AND CUSTODY OF SECURITIES

Priority: Substantive, Nonsignificant

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

CFR Citation: 17 CFR 403.4

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/03
NPRM Comment Period End         07/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Lori Santamorena, Executive Director, Department of the 
Treasury, Bureau of the Public Debt, Room 315, Government Securities 
Regulations Staff, 999 E Street NW., Washington, DC 20239-0001
Phone: 202 691-3632
Fax: 202 219-3639
Email: govsecreg@bpd.treas.gov

Deidere R. Brewer, Government Securities Specialist, Department of the 
Treasury, Bureau of the Public Debt, Room 315, Government Securities 
Regulations Staff, 999 E Street NW., Washington, DC 20239-001
Phone: 202 691-3632
Fax: 202 219-3639
Email: govsecreg@bpd.treas.gov

Kevin Hawkins, Government Securities Specialist, Department of the 
Treasury, Bureau of the Public Debt, Room 315, Government Securities 
Regulations Staff, 999 E Street NW., Washington, DC 20239-0001
Phone: 202 691-3632
Fax: 202 219-3639
Email: govsecreg@bpd.treas.gov

RIN: 1505-AA94
_______________________________________________________________________

2357. [bull] TERRORISM RISK INSURANCE PROGRAM

Priority: Other Significant

Legal Authority: Terrorism Risk Insurance Act, title I, PL 107-297, 116 
Stat 2322; 15 USC 6701 note; 5 USC 301; 31 USC 321

CFR Citation: 31 CFR 50

Legal Deadline: None

Abstract: As the statutorily authorized administrator of the Terrorism 
Risk Insurance Program, Treasury is issuing proposed, interim final, 
and final regulations to implement the Program. Under the Terrorism 
Risk Insurance Act, title I, Public Law 107-297, and the Program, the 
Federal Government shares the risk of insured losses from certified 
acts of terrorism with commercial property and casualty insurers until 
the Program sunsets on December 31, 2005. This rule incorporates and 
clarifies statutory conditions for Federal payment under

[[Page 30775]]

the Program that require insurers to make certain disclosures to 
policyholders. The rule also incorporates and clarifies statutory 
requirements that insurers ``make available,'' in their commercial 
property and casualty insurance policies, terrorism risk coverage for 
insured losses under the Program. The rule generally incorporates 
guidance previously issued by Treasury, but with some modifications.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Notice of Interim Guidance      12/11/02                    67 FR 76206
Notice of Interim Guidance      12/26/02                    67 FR 78864
Notice of Interim Guidance      01/29/03                     68 FR 4544
NPRM                            04/18/03                    68 FR 19309
NPRM Comment Period End         05/19/03
Interim Final Rule              04/18/03                    68 FR 19302
Interim Final Rule Effective    04/18/03
Interim Final Rule Comment 
Period End                      05/19/03
Final Rule                      08/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

URL For Public Comments:
http://triacomments@do.treas.gov

Agency Contact: Mario Ugoletti, Deputy Director, Department of the 
Treasury, Room 3160, Annex, Office of Financial Institutions, 1500 
Pennsylvania Avenue NW., Washington, DC 20220
Phone: 202 622-2730

RIN: 1505-AA98
_______________________________________________________________________

2358. [bull] TERRORISM RISK INSURANCE PROGRAM

Priority: Other Significant

Legal Authority: Terrorism Risk Insurance Act, title I, PL 107-297, 116 
Stat 2322; 15 USC 6701 note; 5 USC 301; 31 USC 321

CFR Citation: 31 CFR 50

Legal Deadline: None

Abstract: As the statutorily authorized administrator of the Terrorism 
Risk Insurance Program, Treasury is issuing proposed and final 
regulations to implement the Program. Under the Terrorism Risk 
Insurance Act, title I, Public Law 107-297, and the Program, the 
Federal Government shares the risk of insured losses from certified 
acts of terrorism with commercial property and casualty insurers until 
the Program sunsets on December 31, 2005. This rule would apply 
provisions of the Act to State residual market insurance entities and 
State workers' compensation funds, which are insurers under the 
Program. The Act requires Treasury to issue these regulations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Notice of Interim Guidance      12/11/02                    67 FR 76206
Notice of Interim Guidance      12/26/02                    67 FR 78864
Notice of Interim Guidance      01/29/03                     68 FR 4544
NPRM                            04/18/03                    68 FR 19309
NPRM Comment Period End         05/19/03
Final Rule                      08/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: State

URL For Public Comments:
http://triacomments@do.treas.gov

Agency Contact: Mario Ugoletti, Deputy Director, Department of the 
Treasury, Room 3160, Annex, Office of Financial Institutions, 1500 
Pennsylvania Avenue NW., Washington, DC 20220
Phone: 202 622-2730

RIN: 1505-AA99
_______________________________________________________________________
Department of the Treasury (TREAS)                     Final Rule Stage
Departmental Offices (DO)
_______________________________________________________________________

2359. DEPARTMENT OF THE TREASURY ACQUISITION REGULATION

Priority: Substantive, Nonsignificant

Legal Authority: EO 12931, as amended, 41 USC 401, et seq; 41 USC 414; 
31 USC 5136; 48 CFR ch 1, subpart 1.3

CFR Citation: 48 CFR ch 10

Legal Deadline: None

Abstract: The Department of the Treasury is revising the Department of 
the Treasury Regulation (DTAR) in its entirety. Treasury has rewritten 
the DTAR into plain English, and has also updated the regulation to 
reflect changes to the Federal Acquisition Regulation. The DTAR 
includes both policy direction and regulatory guidance.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/11/02                    67 FR 76150
NPRM Comment Period End         01/10/03
Final Rule                      05/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Angelie Jackson, Department of the Treasury, Suite 
400w, Office of the Procurement Executive, 1500 Pennsylvania Avenue 
NW., c/o 1310 G Street NW., Washington, DC 20220
Phone: 202 622-0245
Fax: 202 622-2273
Email: angelie.jackson@do.treas.gov

RIN: 1505-AA89
_______________________________________________________________________

2360. TREASURY DEBT COLLECTION

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 5514; 26 USC 6402; 31 USC 321; 31 USC 3701; 31 
UC 3711; 31 USC 3716 to 3718; 31 USC 3720A; 31 USC 3720B; 31 USC 3720D

CFR Citation: 31 CFR 5

Legal Deadline: None

Abstract: This rule updates the Department of the Treasury's debt 
collection regulations to conform with the Debt Collection Improvement 
Act of 1996, the revised Federal Claims Collection Standards, and other 
laws applicable to the collection of debts owed to Treasury. This rule 
also updates Treasury's regulations governing the offset of Treasury-
issued payments to collect debts owed to other Federal agencies.

[[Page 30776]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              10/28/02                    67 FR 65843
Interim Final Rule Comment 
Period End                      11/27/02
Final Rule                      07/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Agency Contact: Cathy Thomas, Department of the Treasury, Metropolitan 
Square Room 6228, Office of the Deputy Chief Financial Officer, 1500 
Pennsylvania Avenue NW., Washington, DC 20220
Phone: 202 622-0817
Fax: 202 622-2318

RIN: 1505-AA90
_______________________________________________________________________

2361. [bull] REPORTING AND PROCEDURES REGULATIONS; CUBAN ASSETS CONTROL 
REGULATIONS: PUBLICATION OF ECONOMIC SANCTIONS ENFORCEMENT GUIDELINES

Priority: Substantive, Nonsignificant

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

CFR Citation: 31 CFR 501; 31 CFR 515

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1505-AA95
_______________________________________________________________________

2362. [bull] TERRORISM RISK INSURANCE PROGRAM

Priority: Other Significant

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

CFR Citation: 31 CFR 50

Legal Deadline: None

Abstract: As the statutorily authorized administrator of the Terrorism 
Risk Insurance Program, Treasury is issuing proposed, interim final, 
and final regulations to implement the Program. Under the Terrorism 
Risk Insurance Act, title I, Public Law 107-297, and the Program, the 
Federal Government shares the risk of insured losses from certified 
acts of terrorism with commercial property and casualty insurers until 
the Program sunsets on December 31, 2005. The interim final rule sets 
forth the purpose and scope of the Program and key definitions Treasury 
will use in implementing the Program. In general, the interim final 
rule incorporates guidance previously issued by Treasury concerning 
these definitions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Notice of Interim Guidance      12/11/02                    67 FR 76206
Notice of Interim Guidance      12/26/02                    67 FR 78864
Notice of Interim Guidance      01/29/03                     68 FR 4544
NPRM                            02/28/03                     68 FR 9815
NPRM Comment Period End         03/31/03
Interim Final Rule              02/28/03                     68 FR 9804
Interim Final Rule Effective    02/28/03
Interim Final Rule Comment 
Period End                      03/31/03
Final Rule                      06/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

URL For Public Comments:
http://triacomments@do.treas.gov

Agency Contact: Mario Ugoletti, Deputy Director, Department of the 
Treasury, Room 3160, Annex, Office of Financial Institutions, 1500 
Pennsylvania Avenue NW., Washington, DC 20220
Phone: 202 622-2730

RIN: 1505-AA96
_______________________________________________________________________

2363. [bull] DISCLOSURE OF RECORDS IN LITIGATION

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 301; 31 USC 321

CFR Citation: 31 CFR 1.8 to 1.12

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              03/17/03                    68 FR 12584
Interim Final Rule Effective    03/17/03
Interim Final Rule Comment 
Period End                      04/16/03
Final Rule                      05/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Agency Contact: Thomas M. McGivern, Counselor to the General Counsel, 
Department of the Treasury, Room 3010, 1500 Pennsylvania Avenue NW., 
Washington, DC 20220
Phone: 202 622-2317
Fax: 202 622-2961
Email: tom.mcgivern@do.treas.gov

RIN: 1505-AA97

[[Page 30777]]

_______________________________________________________________________
Department of the Treasury (TREAS)                    Long-Term Actions
Departmental Offices (DO)
_______________________________________________________________________

2364. POSSIBLE REGULATION OF ACCESS TO ACCOUNTS AT FINANCIAL 
INSTITUTIONS THROUGH PAYMENT SERVICE PROVIDERS

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

CFR Citation: 31 CFR ch II

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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


Next Action Undetermined

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Roger Bezdek
Phone: 202 622-1807

RIN: 1505-AA74
_______________________________________________________________________

2365. FINANCIAL ACTIVITIES OF FINANCIAL SUBSIDIARIES

Priority: Substantive, Nonsignificant

CFR Citation: Not Yet Determined

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Gary W. Sutton
Phone: 202 622-1976
Fax: 202 622-1974
Email: gary.sutton@do.treas.gov

RIN: 1505-AA80
_______________________________________________________________________

2366. FINANCIAL SUBSIDIARIES

Priority: Substantive, Nonsignificant

CFR Citation: Not Yet Determined

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Gary W. Sutton
Phone: 202 622-1976
Fax: 202 622-1974
Email: gary.sutton@do.treas.gov

RIN: 1505-AA81
_______________________________________________________________________

2367. SECRETARY'S DETERMINATION OF REAL ESTATE BROKERAGE

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 1501.2

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Gary W. Sutton
Phone: 202 622-1976
Fax: 202 622-1974
Email: gary.sutton@do.treas.gov

RIN: 1505-AA84
_______________________________________________________________________

2368. SECRETARY'S DETERMINATION OF OTHER ACTIVITIES FINANCIAL IN NATURE

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 1501.2

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              01/02/01                      66 FR 257
Interim Final Rule Effective    01/02/01
Interim Final Rule Comment 
Period End                      02/02/01


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Gary W. Sutton
Phone: 202 622-1976
Fax: 202 622-1974
Email: gary.sutton@do.treas.gov

RIN: 1505-AA85
_______________________________________________________________________

2369. COMMON RULE SUSPENSION AND DEBARMENT

Priority: Substantive, Nonsignificant

CFR Citation: 31 CFR 19; 31 CFR 20

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1505-AA86
_______________________________________________________________________

2370. BANK ENTERPRISE AWARD (BEA) PROGRAM

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 1806

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Jeffrey C. Berg
Phone: 202 622-8530
Fax: 202 622-8244
Email: bergj@cdfi.treas.gov

RIN: 1505-AA91
_______________________________________________________________________

2371. COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFI) PROGRAM

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 1805

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Jeffrey C. Berg
Phone: 202 622-8530
Fax: 202 622-8244
Email: bergj@cdfi.treas.gov

RIN: 1505-AA92

[[Page 30778]]

_______________________________________________________________________
Department of the Treasury (TREAS)                    Completed Actions
Departmental Offices (DO)
_______________________________________________________________________

2372. AMENDMENTS TO THE LARGE POSITION RULES

Priority: Substantive, Nonsignificant

CFR Citation: 17 CFR 420

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    12/18/02                    67 FR 77411
Final Action Effective          01/17/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Lori Santamorena
Phone: 202 691-3632
Fax: 202 219-3639
Email: govsecreg@bpd.treas.gov

Lee Grandy
Phone: 202 691-3632
Fax: 202 219-3639
Email: govsecreg@bpd.treas.gov

RIN: 1505-AA88
BILLING CODE 4810-25-S
_______________________________________________________________________
Department of the Treasury (TREAS)                        Prerule Stage
Financial Crimes Enforcement Network (FINCEN)
_______________________________________________________________________

2373. [bull] 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                            06/00/03

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

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

RIN: 1506-AA38
_______________________________________________________________________

2374. [bull] CUSTOMER IDENTIFICATION PROGRAMS FOR PAWN BROKERS

Priority: Substantive, Nonsignificant

Legal Authority: PL 107-56, sec 326

CFR Citation: Not Yet Determined

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           12/00/03

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

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

RIN: 1506-AA39
_______________________________________________________________________

2375. [bull] 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                            06/00/03

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

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

RIN: 1506-AA41

[[Page 30779]]

_______________________________________________________________________
Department of the Treasury (TREAS)                  Proposed Rule Stage
Financial Crimes Enforcement Network (FINCEN)
_______________________________________________________________________

2376. AMENDMENT TO THE BANK SECRECY ACT REGULATIONS--DELEGATION OF 
AUTHORITY TO ASSESS CIVIL MONEY PENALTIES ON DEPOSITORY INSTITUTIONS

Priority: Substantive, Nonsignificant

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

CFR Citation: 31 CFR 103

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

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

RIN: 1506-AA08
_______________________________________________________________________

2377. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--REQUIREMENT THAT 
FINANCIAL INSTITUTIONS ESTABLISH ANTI-MONEY LAUNDERING PROGRAMS

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 5316(h)

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

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

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

Timetable:
________________________________________________________________________

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

Anti-Money Laundering Programs for Commodity Trading Advisors  NPRM 05/
05/03 (68 FR 23640)  NPRM Comment Period End 07/07/03  Final Rule 12/
00/03

Anti-Money Laundering Programs for Dealers in Precious Metals, Stones 
or Jewels  NPRM 02/21/03 (68 FR 8480)  NPRM Comment Period End 04/22/
03  Final Action 09/00/03

Anti-Money Laundering Programs for Financial Institutions  Interim 
Final Rule 04/29/02 (67 FR 21110)  Interim Final Rule Comment Period 
End 05/29/02  Final Action 12/00/03

Anti-Money Laundering Programs for Insurance Companies  NPRM 09/26/02 
(67 FR 60625)  NPRM Comment Period End 11/25/02  Final Rule 12/00/03

Anti-Money Laundering Programs for Investment Advisors  NPRM 05/05/03 
(68 FR 23646)  NPRM Comment Period End 07/07/03  Final Rule 12/00/03

Anti-Money Laundering Programs for Loan & Finance Companies  NPRM 06/
00/03

Anti-Money Laundering Programs for Money Services Businesses  Interim 
Final Rule 04/29/02 (67 FR 21114)  Interim Final Rule Comment Period 
End 05/29/02  Final Action 12/00/03

Anti-Money Laundering Programs for Mutual Funds  Interim Final Rule 04/
29/02 (67 FR 21117)  Interim Final Rule Comment Period End 05/29/
02  Final Action 12/00/03

Anti-Money Laundering Programs for Operators of a Credit Card 
System  Interim Final Rule 04/29/02 (67 FR 21121)  Interim Final Rule 
Comment Period End 05/29/02  Final Action 12/00/03

Anti-Money Laundering Programs for Persons Involved in Real Estate 
Closings and Settlements  ANPRM 04/10/03 (68 FR 17569)  ANPRM Comment 
Period End 06/09/03  NPRM 12/00/03

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

Anti-Money Laundering Programs for Unregistered Investment 
Companies  NPRM 09/26/02 (67 FR 60617)  NPRM Comment Period End 11/25/
02  Final Rule 12/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1506-AA28
_______________________________________________________________________

2378. [bull] 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                            12/00/03

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

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

RIN: 1506-AA40
_______________________________________________________________________

2379. [bull] 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.

[[Page 30780]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/17/03                    68 FR 18914
NPRM Comment Period End         05/19/03
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1506-AA43
_______________________________________________________________________

2380. [bull] REQUIREMENT THAT FUTURES COMMISSION MERCHANTS AND 
INTRODUCING BROKERS IN COMMODITIES REPORT SUSPICIOUS TRANSACTIONS

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1829b; 12 USC 1951 to 1959; 31 USC 5311 to 
5314; 31 USC 5316 to 5332

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

Legal Deadline: None

Abstract: This document will add futures commission merchants and 
introducing brokers in commodities to the regulatory definition of 
``financial institution,'' and would require that they report 
suspicious transactions to FinCEN.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/05/03                    68 FR 23653
NPRM Comment Period End         07/07/03
Final Rule                      12/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1506-AA44
_______________________________________________________________________
Department of the Treasury (TREAS)                     Final Rule Stage
Financial Crimes Enforcement Network (FINCEN)
_______________________________________________________________________

2381. AMENDMENT TO THE BANK SECRECY ACT REGULATIONS REGARDING REPORTING 
OF CROSS-BORDER TRANSPORTATION OF CERTAIN MONETARY INSTRUMENTS

Priority: Substantive, Nonsignificant

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

CFR Citation: 31 CFR 103

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/22/97                     62 FR 3249
NPRM Comment Period End         04/22/97
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1506-AA15
_______________________________________________________________________

2382. 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                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

RIN: 1506-AA23
_______________________________________________________________________

2383. AMENDMENT TO THE BANK SECRECY ACT REGULATIONS--REQUIREMENT THAT 
NONFINANCIAL TRADES OR BUSINESSES REPORT CERTAIN CURRENCY TRANSACTIONS

Priority: Substantive, Nonsignificant

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

CFR Citation: 31 CFR 103.30

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

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

[[Page 30781]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1506-AA25
_______________________________________________________________________

2384. DUE DILIGENCE REQUIREMENTS FOR CORRESPONDENT ACCOUNTS AND PRIVATE 
BANKING ACCOUNTS

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 5318(i)

CFR Citation: 31 CFR 103.175 to 103.178

Legal Deadline: Final, Statutory, July 23, 2002, Public Law 107-56, sec 
312.

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/30/02                    67 FR 37736
NPRM Comment Period End         07/01/02
Interim Final Rule              07/23/02                    67 FR 48347
Interim Final Rule Effective    07/23/02
Interim Final Rule Comment 
Period End                      08/22/02
Final Action                    06/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

RIN: 1506-AA29
_______________________________________________________________________

2385. 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
Final Action                    06/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1506-AA31
_______________________________________________________________________

2386. CUSTOMER IDENTIFICATION PROGRAM FOR BROKER-DEALERS

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 5318(l)

CFR Citation: 31 CFR 103.122

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

Abstract: This notice of proposed rulemaking proposes to require 
securities broker-dealers to establish written customer identification 
programs.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/23/02                    67 FR 48206
NPRM Comment Period End         09/06/02
Final Action                    06/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1506-AA32
_______________________________________________________________________

2387. CUSTOMER IDENTIFICATION PROGRAM FOR MUTUAL FUNDS

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 5318(l)

CFR Citation: 31 CFR 103.131

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

Abstract: This notice of proposed rulemaking proposes to require mutual 
funds to establish written customer identification programs.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/23/02                    67 FR 48318
NPRM Comment Period End         09/06/02
Final Action                    06/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1506-AA33
_______________________________________________________________________

2388. FINANCIAL CRIMES ENFORCEMENT NETWORK; AMENDMENT TO THE BANK 
SECRECY ACT REGULATIONS REQUIREMENT THAT INSURANCE COMPANIES REPORT 
SUSPICIOUS TRANSACTIONS

Priority: Substantive, Nonsignificant

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

[[Page 30782]]

CFR Citation: 31 CFR 103.16

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/17/02                    67 FR 64067
NPRM Comment Period End         12/16/02
Final Rule                      06/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1506-AA36
_______________________________________________________________________

2389. [bull] AMENDMENT TO THE BANK SECRECY ACT REGULATIONS--REQUIREMENT 
THAT MUTUAL FUNDS REPORT SUSPICIOUS TRANSACTIONS

Priority: Substantive, Nonsignificant

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

CFR Citation: 31 CFR 103.15

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/21/03                     68 FR 2716
NPRM Comment Period End         03/24/03
Final Action                    09/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1506-AA37
_______________________________________________________________________

2390. [bull] FINANCIAL CRIMES ENFORCEMENT NETWORK; DELEGATION OF 
ENFORCEMENT AUTHORITY REGARDING THE FOREIGN BANK ACCOUNT REPORT 
REQUIREMENTS

Priority: Substantive, Nonsignificant

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

CFR Citation: 31 CFR 103.56

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    05/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1506-AA45
_______________________________________________________________________
Department of the Treasury (TREAS)                    Long-Term Actions
Financial Crimes Enforcement Network (FINCEN)
_______________________________________________________________________

2391. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--SPECIAL REPORTING 
AND RECORDKEEPING REQUIREMENTS--MONEY SERVICES BUSINESSES (MSBS)

Priority: Substantive, Nonsignificant

CFR Citation: 31 CFR 103

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

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

RIN: 1506-AA19

[[Page 30783]]

_______________________________________________________________________
Department of the Treasury (TREAS)                    Completed Actions
Financial Crimes Enforcement Network (FINCEN)
_______________________________________________________________________

2392. FINANCIAL CRIMES ENFORCEMENT NETWORK; AMENDMENT TO THE BANK 
SECRECY ACT REGULATIONS--REQUIREMENT THAT CURRENCY EXCHANGERS REPORT 
SUSPICIOUS TRANSACTIONS

Priority: Substantive, Nonsignificant

CFR Citation: 31 CFR 103.20

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/17/02                    67 FR 64075
Final Rule                      02/10/03                     68 FR 6613
Final Action Effective          03/12/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1506-AA34
BILLING CODE 4820-02-S
_______________________________________________________________________
Department of the Treasury (TREAS)                  Proposed Rule Stage
Financial Management Service (FMS)
_______________________________________________________________________

2393. INDORSEMENT AND PAYMENT OF CHECKS DRAWN ON THE UNITED STATES 
TREASURY

Priority: Substantive, Nonsignificant

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

CFR Citation: 31 CFR 240

Legal Deadline: None

Abstract: Notice of proposed rulemaking II (NPRM II) was a reissuance 
of NPRM I published on September 21, 1995, which proposed to fix the 
time by which Treasury can decline payment on Treasury checks, provide 
financial institutions with a date certain for final payments, and 
provide greater clarity by defining previously undefined terms. NPRM I 
also proposed that the Department of the Treasury may instruct Federal 
Reserve Banks to intercept benefit payment checks to deceased payees 
and to return, unpaid, those checks. In addition to the revisions 
proposed in NPRM I, NPRM II announced the Department of the Treasury's 
intent that this regulation supersede Federal common law regarding the 
risk of loss on checks containing forged disbursing officer signatures, 
such as counterfeits. The Interim Final Rule will amend this regulation 
to implement provisions of the Debt Collection Improvement Act of 1996 
authorizing the collection of debts owed by presenting banks through 
Treasury Check Offset. NPRM III is a reissuance of NPRM II and will 
address, at a minimum, the issues in NPRMs I and II.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM I                          09/21/95                    60 FR 48940
NPRM Comment Period End         11/06/95
NPRM II                         05/30/97                    62 FR 29314
NPRM                            05/00/03
Final Rule                      08/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Federal

Agency Contact: Ronald E. Brooks, Senior Program and Policy Analyst, 
Financial Operations, Department of the Treasury, Financial Management 
Service, Room 725-D, 3700 East-West Highway, Hyattsville, MD 20782
Phone: 202 874-7573
Email: ronald.brooks@fms.treas.gov

RIN: 1510-AA45
_______________________________________________________________________

2394. CLAIMS ON ACCOUNT OF TREASURY CHECKS

Priority: Substantive, Nonsignificant

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

CFR Citation: 31 CFR 245

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Agency Contact: Ella White, Program Analyst, Department of the 
Treasury, Financial Management Service, Room 8D25, 3700 East-West 
Highway, Hyattsville, MD 20782
Phone: 202 874-8445
Email: ella.white@fms.treas.gov

RIN: 1510-AA51
_______________________________________________________________________

2395. PAYMENT OF FEDERAL TAXES AND THE TREASURY TAX AND LOAN PROGRAM

Priority: Other Significant

Unfunded Mandates: Undetermined

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

CFR Citation: 31 CFR 203

Legal Deadline: None

Abstract: This first rule amends the regulation to provide the 
Secretary greater flexibility to adjust the rate of

[[Page 30784]]

interest charged on funds loaned through the Treasury Tax and Loan 
(TT&L) program. The rule also allows for a new TT&L investment option 
for financial institutions. This second rule includes general revisions 
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:
________________________________________________________________________

General Revisions  NPRM 07/00/03  Final Rule 11/00/03

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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1510-AA79
_______________________________________________________________________

2396. MANAGEMENT OF FEDERAL AGENCY RECEIPTS AND DISBURSEMENTS; OPERATION 
OF THE CASH MANAGEMENT IMPROVEMENT FUND

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

Unfunded Mandates: Undetermined

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

CFR Citation: 31 CFR 206

Legal Deadline: None

Abstract: This regulation governs collection and deposit regulations 
requiring timely methods, principally Electronic Funds Transfer (EFT), 
for the collection and deposit of funds as authorized by section 2652 
of the Deficit Reduction Act of 1984. This regulation also incorporates 
revisions authorized by the Cash Management Act of 1990 and the Cash 
Management Improvement Act Amendments of 1992. These revisions require 
executive agencies to use effective, efficient disbursement mechanisms, 
principally EFT, in the delivery of payments. An agency's failure to 
comply with this regulation may result in a charge equal to the cost of 
such non-compliance to the Treasury's General Fund.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Federal

Agency Contact: Stephen Kenneally, Financial Program Specialist, Cash 
Management Policy and Planning Division, Department of the Treasury, 
Financial Management Service, Room 408D, 401 14th Street SW., 
Washington, DC 20227
Phone: 202 874-6799
Email: stephen.kenneally@fms.treas.gov

RIN: 1510-AA86
_______________________________________________________________________

2397. WITHHOLDING OF DISTRICT OF COLUMBIA, STATE, CITY, AND COUNTY 
INCOME, OR EMPLOYMENT TAXES BY FEDERAL AGENCIES

Priority: Substantive, Nonsignificant

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

CFR Citation: 31 CFR 215

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Federal, State, Local

Agency Contact: Stephen Kenneally, Financial Program Specialist, Cash 
Management Policy and Planning Division, Department of the Treasury, 
Financial Management Service, Room 408D, 401 14th Street SW., 
Washington, DC 20227
Phone: 202 874-6799
Email: stephen.kenneally@fms.treas.gov

RIN: 1510-AA90
_______________________________________________________________________
Department of the Treasury (TREAS)                     Final Rule Stage
Financial Management Service (FMS)
_______________________________________________________________________

2398. FOREIGN EXCHANGE OPERATIONS

Priority: Substantive, Nonsignificant

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

CFR Citation: 31 CFR 281

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/29/96                     61 FR 2750
NPRM Comment Period End         02/28/96
Final Action                    11/00/03

Regulatory Flexibility Analysis Required: No

[[Page 30785]]

Government Levels Affected: Federal

Agency Contact: Stephen Kenneally, Financial Program Specialist, Cash 
Management Policy and Planning Division, Department of the Treasury, 
Financial Management Service, Room 408D, 401 14th Street SW., 
Washington, DC 20227
Phone: 202 874-6799
Email: stephen.kenneally@fms.treas.gov

Walt Henderson, Senior Financial Program Specialist, Cash Management 
Policy and Planning Directorate, Department of the Treasury, Financial 
Management Service, 401 14th Street SW., Washington, DC 20227
Phone: 202 874-6705
Email: walt.henderson@fms.treas.gov

RIN: 1510-AA48
_______________________________________________________________________

2399. PAYMENTS UNDER JUDGMENT AND PRIVATE RELIEF ACTS

Priority: Substantive, Nonsignificant

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

CFR Citation: 31 CFR 256

Legal Deadline: None

Abstract: This regulation governs the procedures for securing payment 
for money judgments against the United States. The proposed revision 
will update these procedures. This revision will benefit claimants and 
others in understanding the judgment payment process. This regulation 
currently describes a process that involves the General Accounting 
Office (GAO) and the Treasury Department. The revision will remove the 
GAO from this description to reflect legislative amendments that effect 
this change. Also, the regulation currently identifies monetary 
thresholds that no longer exist. The change will reflect the removal of 
these monetary limitations. These revisions will make the regulation 
consistent with current procedures for securing payment of money 
judgments against the United States.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/08/96                      61 FR 552
NPRM Comment Period End         02/07/96
Final Action                    09/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Federal

Agency Contact: Wanda Rogers, Director, Financial Accounting and 
Services Division, Department of the Treasury, Financial Management 
Service, Room 620D, 3700 East-West Highway, Hyattsville, MD 20782
Phone: 202 874-8380
Email: wanda.rogers@fms.treas.gov

RIN: 1510-AA52
_______________________________________________________________________

2400. OFFSET OF FEDERAL PAYMENTS (OTHER THAN TAX REFUND AND FEDERAL 
BENEFIT PAYMENTS) TO COLLECT PAST-DUE, LEGALLY ENFORCEABLE NONTAX DEBT

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 321; 31 USC 3716

CFR Citation: 31 CFR 285.5

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              12/26/02                    67 FR 78936
Final Rule                      10/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Agency Contact: Gerry Isenberg, Financial Program Specialist, Debt 
Management Service, Department of the Treasury, Financial Management 
Service, Room 44AB, 401 14th Street SW., Washington, DC 20227
Phone: 202 874-7131
Fax: 202 874-7494
Email: gerald.isenberg@fms.treas.gov

RIN: 1510-AA65
_______________________________________________________________________

2401. SALARY OFFSET

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 5514

CFR Citation: 31 CFR 285.7

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              04/28/98                    63 FR 23353
Final Action                    10/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Agency Contact: Gerry Isenberg, Financial Program Specialist, Debt 
Management Service, Department of the Treasury, Financial Management 
Service, Room 44AB, 401 14th Street SW., Washington, DC 20227
Phone: 202 874-7131
Fax: 202 874-7494
Email: gerald.isenberg@fms.treas.gov

RIN: 1510-AA70
_______________________________________________________________________

2402. OFFSET OF TAX REFUND PAYMENT TO COLLECT STATE INCOME TAX 
OBLIGATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6402(e)

CFR Citation: 31 CFR 285.8

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/20/99                    64 FR 71233
Interim Final Rule              12/20/99                    64 FR 71227
Final Action                    10/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: State, Federal

Federalism:  Undetermined

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

RIN: 1510-AA78
_______________________________________________________________________

2403. 2003 ACH RULES

Priority: Other Significant

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

CFR Citation: 31 CFR 210

Legal Deadline: None

Abstract: This revision of 31 CFR part 210 will reconcile Government

[[Page 30786]]

Automated Clearing House (ACH) regulations and private industry rules, 
as set forth by the National Automated Clearing House Association, by 
updating the incorporation of certain industry rules into Federal law 
for the year 2003.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              05/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Federal

Agency Contact: Donald Skiles, Senior Financial Program Specialist, 
Department of the Treasury, Financial Management Service, Federal 
Finance, Asset Management Directorate, Risk Management Division, 401 
14th Street SW., Washington, DC 20227
Phone: 202 874-6994
Email: donald.skiles@fms.treas.gov

RIN: 1510-AA89
_______________________________________________________________________

2404. [bull] FEDERAL CLAIMS COLLECTION STANDARD--COLLECTION BY 
INSTALLMENTS

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 3711; 31 USC 3717

CFR Citation: 31 CFR 901.9

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: State, Local, Tribal, Federal

Agency Contact: Gerry Isenberg, Financial Program Specialist, Debt 
Management Service, Department of the Treasury, Financial Management 
Service, Room 44AB, 401 14th Street SW., Washington, DC 20227
Phone: 202 874-7131
Fax: 202 874-7494
Email: gerald.isenberg@fms.treas.gov

RIN: 1510-AA91
_______________________________________________________________________
Department of the Treasury (TREAS)                    Long-Term Actions
Financial Management Service (FMS)
_______________________________________________________________________

2405. OFFSET OF FEDERAL PAYMENTS (OTHER THAN TAX REFUND AND FEDERAL 
BENEFIT PAYMENTS) TO COLLECT PAST-DUE DEBTS OWED TO STATES (OTHER THAN 
CHILD SUPPORT)

Priority: Substantive, Nonsignificant

CFR Citation: 31 CFR 285.6

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: State

Federalism:  Undetermined

Agency Contact: Gerry Isenberg
Phone: 202 874-7131
Fax: 202 874-7494
Email: gerald.isenberg@fms.treas.gov

RIN: 1510-AA66
_______________________________________________________________________

2406. PUBLIC DISSEMINATION OF IDENTITY OF DELINQUENT DEBTORS

Priority: Substantive, Nonsignificant

CFR Citation: 31 CFR 285.14

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Agency Contact: Gerry Isenberg
Phone: 202 874-7131
Fax: 202 874-7494
Email: gerald.isenberg@fms.treas.gov

RIN: 1510-AA72
_______________________________________________________________________

2407. SURETY BOND REIMBURSEMENT FUND

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

CFR Citation: 31 CFR 223

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Federalism:  Undetermined

Agency Contact: Wanda Rogers
Phone: 202 874-8380
Email: wanda.rogers@fms.treas.gov

RIN: 1510-AA85
BILLING CODE 4810-35-S
_______________________________________________________________________
Department of the Treasury (TREAS)                  Proposed Rule Stage
Tax and Trade Bureau (TTB)
_______________________________________________________________________

2408. EXPORTATION OF LIQUORS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 27 CFR 252

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           09/08/92                    57 FR 40887
ANPRM Comment Period End        10/08/92
ANPRM Comment Period Extended   10/15/92                    57 FR 47320
ANPRM Comment Period Extended 
End                             12/07/92
ANPRM                           08/09/96                    61 FR 41500
ANPRM Comment Period End        12/10/96
NPRM                            01/00/04

[[Page 30787]]

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AA98

Agency Contact: Joanne Brady, TTB Specialist, Department of the 
Treasury, Tax and Trade Bureau
Phone: 215 333-7050

RIN: 1513-AA00
_______________________________________________________________________

2409. REVISION OF BREWERY REGULATIONS AND ISSUANCE OF REGULATIONS FOR 
TAVERNS ON BREWERY PREMISES (BREWPUBS)

Priority: Other Significant

Legal Authority: 26 USC 5051 to 5057; 26 USC 5401 to 5418; 27 USC 205

CFR Citation: 27 CFR 7; 27 CFR 25

Legal Deadline: None

Abstract: TTB intends to streamline regulations applying to breweries. 
TTB will eliminate obsolete regulatory provisions. A formula system for 
manufactured beer products will replace statements of process attached 
to the brewers notice. The annual notice for small brewers to pay the 
reduced rate of tax will be eliminated. Separate regulations for 
brewpubs will be added to part 25. A section will be added to part 25 
to authorize and regulate the alternating use of brewery premises by 
different brewers. Regulations authorizing the operation of brew-on-
premises facilities will be added to part 25.

Statement of Need: TTB intends to streamline its regulations applying 
to the brewing industry. These changes will simplify brewery reports 
and operations and eliminate obsolete regulatory provisions. Specific 
changes would include the implementation of a formula system for the 
breweries to replace the statement of process; the establishment of a 
separate subpart containing simplified regulations for brewpubs; 
authorizing alternating brewery premises among different proprietors; 
eliminating the annual notice to pay the reduced rate of tax for most 
breweries; authorizing brewers to file the Brewer's Report of 
Operations on a quarterly basis; and authorizing many brewers to take 
inventories quarterly rather than monthly. The rule will also propose 
minimum production standards for beer thereby reducing formula filings 
and a revised statement of net contents requirement for certain 
container sizes.

Summary of Legal Basis: TTB has undertaken this review of brewery 
regulations as part of the President's Regulatory Initiative. These 
regulations are issued under the general authority of the Secretary of 
the Treasury to promulgate regulations to implement the Internal 
Revenue Code and the Federal Alcohol Administration Act.

Alternatives: Not applicable. TTB believes that industry will support 
these regulatory changes because they will streamline regulatory 
requirements applying to the brewing industry.

Anticipated Cost and Benefits: The proposed regulations will benefit 
the brewing industry by reducing required inventories, notices, and 
other submissions to TTB.

Risks: Not applicable.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AB37

Agency Contact: Joanne Brady, TTB Specialist, Department of the 
Treasury, Tax and Trade Bureau
Phone: 215 333-7050

RIN: 1513-AA02
_______________________________________________________________________

2410. PROHIBITION OF ALCOHOL BEVERAGE CONTAINERS AND STANDARD OF FILL 
FOR DISTILLED SPIRITS AND WINE

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

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

Legal Deadline: None

Abstract: TTB proposes to amend regulations to clarify the standards of 
fill for distilled spirits and wine. TTB also proposes to amend 
regulations to prohibit certain alcohol beverage containers that are 
likely to mislead consumers as to the identity or character of the 
distilled spirits, wine, or malt beverage products or to be confused 
with other (nonalcohol) food products.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/09/99                     64 FR 6486
NPRM Comment Period End         04/12/99
Revised NPRM-Aggregate Packaging12/00/03
Revised NPRM-Deceptive Packaging12/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AB89

Agency Contact: Lisa M. Gesser, TTB Specialist, Department of the 
Treasury, Tax and Trade Bureau, 650 Massachusetts Avenue NW., Room 
5000, Washington, DC 20226
Phone: 301 290-1460
Fax: 202 927-8525
Email: lisa.gesser@ttb.gov

RIN: 1513-AA07
_______________________________________________________________________

2411. AMENDED STANDARD OF IDENTITY FOR SHERRY

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 4

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AB96

Agency Contact: Marjorie D. Ruhf, Program Manager, Department of the 
Treasury, Tax and Trade Bureau, 650 Massachusetts Avenue NW., 
Washington, DC 20226
Phone: 202 927-8210
Email: marjorie.ruhf@ttb.gov

RIN: 1513-AA08

[[Page 30788]]

_______________________________________________________________________

2412. FLAVORED MALT BEVERAGES

Priority: Substantive, Nonsignificant

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

CFR Citation: 27 CFR 7; 27 CFR 25

Legal Deadline: None

Abstract: TTB issued Rulings 96-1 and 2002-2 to address production and 
labeling of flavored malt beverages. TTB is studying the issue of 
flavored malt beverages and is considering rulemaking to address 
production, identity, labeling, formulation, and tax issues.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/24/03                    68 FR 17760
NPRM Comment Period End         06/23/03
Final Action                    01/00/04

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC11

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

RIN: 1513-AA12
_______________________________________________________________________

2413. DETERMINATION OF TAX AND RECORDKEEPING ON LARGE CIGARS

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 5701; 27 USC 5702

CFR Citation: 27 CFR 40; 27 CFR 275

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC22

Agency Contact: Linda Wade-Chapman, TTB Specialist, Department of the 
Treasury, Tax and Trade Bureau
Phone: 202 927-8181

RIN: 1513-AA16
_______________________________________________________________________

2414. PRODUCTION OF DRIED FRUIT AND HONEY WINES

Priority: Substantive, Nonsignificant

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

CFR Citation: 27 CFR 24

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC48

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

RIN: 1513-AA21
_______________________________________________________________________

2415. PETITION TO ESTABLISH THE ``SANTA BARBARA HIGHLANDS'' VITICULTURAL 
AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: TTB has received a petition proposing the establishment of 
the ``Santa Barbara Highlands'' as an American viticultural area. The 
proposed Santa Barbara Highlands area is located in Santa Barbara and 
Ventura Counties in California. The petition was submitted by Nebil 
Zarif, President, Barnwood Vineyards.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC53

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

RIN: 1513-AA24
_______________________________________________________________________

2416. REGULATORY CHANGES FROM CUSTOMS SERVICE FINAL RULE (2001R-140T)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 27 CFR 44

Legal Deadline: None

Abstract: The temporary rule prescribes TTB regulations relating to a 
U.S. Customs Service (USCS) final rule (T.D. 92-181, 57 FR 37692). The 
USCS published this final rule to create a separate class of customs 
bonded warehouse duty-free store (class 9). A class 9 customs bonded 
warehouse may receive tobacco products or cigarette papers or tubes 
without payment of Federal excise tax. The temporary rule prescribes 
the regulations that allow a manufacturer of tobacco products or 
cigarette papers and tubes and an export warehouse proprietor to send

[[Page 30789]]

such articles to a class 9 customs bonded warehouse. In addition, the 
temporary rule prescribes regulations that allow a proprietor of a 
customs bonded manufacturing warehouse to send such cigars to a class 9 
customs bonded warehouse. This notice of proposed rulemaking invites 
comments on the temporary rule.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03
Interim Final Rule              12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC56

Agency Contact: Linda Wade-Chapman, TTB Specialist, Department of the 
Treasury, Tax and Trade Bureau
Phone: 202 927-8181

RIN: 1513-AA26
_______________________________________________________________________

2417. SHIPMENTS OF TOBACCO PRODUCTS OR CIGARETTE PAPERS OR TUBES WITHOUT 
PAYMENT OF TAX

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 27 CFR 40; 27 CFR 275

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC57

Agency Contact: Linda Wade-Chapman, TTB Specialist, Department of the 
Treasury, Tax and Trade Bureau
Phone: 202 927-8181

RIN: 1513-AA27
_______________________________________________________________________

2418. PROPOSED ``SAN BERNABE'' VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: The TTB has received petitions proposing the establishment of 
the ``San Bernabe'' viticultural area and the realignment of the San 
Lucas American Viticultural Area (AVA). Both areas are situated within 
the Central Coast AVA and the Monterey AVA and are located in central 
Monterey County, California. The proposed San Bernabe AVA would consist 
of 24,796 acres of land that the petitioner states is predominantly 
rolling hills with sandy soils that differ from the surrounding 
Monterey AVA. The San Lucas realignment would transfer 1,100 of its 
northwest acres to the proposed San Bernabe southern area in an effort 
to conform with geographic considerations of the new area. These 
proposals are the result of petitions filed by Claude Hoover of 
Delicato Family Vineyards.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC60

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

RIN: 1513-AA28
_______________________________________________________________________

2419. PETITION TO ESTABLISH THE ``TRINITY LAKE'' VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC62

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

RIN: 1513-AA29
_______________________________________________________________________

2420. REMOVAL OF TOBACCO PRODUCTS AND CIGARETTE PAPERS AND TUBES WITHOUT 
PAYMENT OF TAX FOR USE OF THE UNITED STATES

Priority: Info./Admin./Other

Legal Authority: 26 USC 7805

CFR Citation: 27 CFR 45

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

[[Page 30790]]

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC75

Agency Contact: Linda Wade-Chapman, TTB Specialist, Department of the 
Treasury, Tax and Trade Bureau
Phone: 202 927-8181

RIN: 1513-AA38
_______________________________________________________________________

2421. PETITION TO ESTABLISH ``EOLA HILLS'' AS A NEW AMERICAN 
VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC78

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

RIN: 1513-AA41
_______________________________________________________________________

2422. 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                            10/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC79

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

RIN: 1513-AA42
_______________________________________________________________________

2423. PETITION TO ESTABLISH ``COLUMBIA GORGE'' AS A NEW AMERICAN 
VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: TTB has received a petition proposing the establishment of 
the ``Columbia Gorge'' viticultural area located in Hood River and 
Wasco Counties, Oregon and Skamania and Klickitat Counties, Washington. 
The area is approximately 280 square miles covering 179,200 acres with 
284 acres presented planted to wine grapes.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC81

Agency Contact: Bernard J. Kipp, TTB Specialist, Department of the 
Treasury, Tax and Trade Bureau
Phone: 503 356-1341

RIN: 1513-AA43
_______________________________________________________________________

2424. MARKS, LABELS, NOTICES AND BONDS FOR, AND REMOVAL OF, TOBACCO 
PRODUCTS, AND CIGARETTE PAPERS AND TUBES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 5704; 26 USC 7805

CFR Citation: 27 CFR 40; 27 CFR 275

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC90

Agency Contact: Linda Wade-Chapman, TTB Specialist, Department of the 
Treasury, Tax and Trade Bureau
Phone: 202 927-8181

RIN: 1513-AA49
_______________________________________________________________________

2425. PETITION TO ESTABLISH ``DUNDEE HILLS'' AS A NEW AMERICAN 
VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

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

[[Page 30791]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC91

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

RIN: 1513-AA50
_______________________________________________________________________

2426. PETITION TO ESTABLISH ``SANTA MARIA BENCH'' AS A NEW AMERICAN 
VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC93

Agency Contact: Linda Wade-Chapman, TTB Specialist, Department of the 
Treasury, Tax and Trade Bureau
Phone: 202 927-8181

RIN: 1513-AA51
_______________________________________________________________________

2427. IN-TRANSIT STOPS OF TOBACCO PRODUCTS, AND CIGARETTE PAPERS AND 
TUBES WITHOUT PAYMENT OF TAX

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 5704

CFR Citation: 27 CFR 40; 27 CFR 44

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC95

Agency Contact: Linda Wade-Chapman, TTB Specialist, Department of the 
Treasury, Tax and Trade Bureau
Phone: 202 927-8181

RIN: 1513-AA52
_______________________________________________________________________

2428. PETITION TO ESTABLISH ``SNAKE RIVER VALLEY'' AS A NEW VITICULTURAL 
AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC98

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

RIN: 1513-AA53
_______________________________________________________________________

2429. PETITION TO EXPAND THE LIVERMORE VALLEY VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC99

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

RIN: 1513-AA54

[[Page 30792]]

_______________________________________________________________________

2430. SAN FRANCISCO BAY AND CENTRAL COAST VITICULTURAL AREAS--BOUNDARY 
REALIGNMENT/EXPANSION

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AD00

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

RIN: 1513-AA55
_______________________________________________________________________

2431. PETITION TO ESTABLISH ``UPPER ARROYO GRANDE'' AS A NEW AMERICAN 
VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: TTB received a petition proposing the establishment of 
``Upper Arroyo Grande,'' located in the State of California, as a new 
American viticultural area.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AD01

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

RIN: 1513-AA56
_______________________________________________________________________

2432. PETITION TO ESTABLISH ``CHEHALEM MOUNTAINS'' AS A NEW AMERICAN 
VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AD02

Agency Contact: Bernard J. Kipp, TTB Specialist, Department of the 
Treasury, Tax and Trade Bureau
Phone: 503 356-1341

RIN: 1513-AA57
_______________________________________________________________________

2433. PETITION TO ESTABLISH ``RIBBON RIDGE'' AS A NEW AMERICAN 
VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AD03

Agency Contact: Bernard J. Kipp, TTB Specialist, Department of the 
Treasury, Tax and Trade Bureau
Phone: 503 356-1341

RIN: 1513-AA58
_______________________________________________________________________

2434. PETITION TO ESTABLISH ``YAMHILL-CARLTON DISTRICT'' AS A NEW 
AMERICAN VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AD04

Agency Contact: Bernard J. Kipp, TTB Specialist, Department of the 
Treasury, Tax and Trade Bureau
Phone: 503 356-1341

RIN: 1513-AA59
_______________________________________________________________________

2435. ELECTRONIC SIGNATURES; ELECTRONIC SUBMISSION OF FORMS TO TTB 
(2000R-458P)

Priority: Other Significant

Legal Authority: Not Yet Determined

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: TTB proposes to amend the regulations to permit industry 
members to use electronic technology to reduce the need for and storage 
of paper documents. In order to accomplish our

[[Page 30793]]

goals, we are proposing to allow industry members to: (1) use 
electronic signatures to sign certain forms instead of using 
traditional handwritten signatures; and (2) submit certain forms to TTB 
electronically through an electronic document receiving system that we 
approve.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/11/03                    68 FR 17760
NPRM Comment Period End         05/12/03
Final Action                    06/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC84

Agency Contact: Lisa M. Gesser, TTB Specialist, Department of the 
Treasury, Tax and Trade Bureau, 650 Massachusetts Avenue NW., Room 
5000, Washington, DC 20226
Phone: 301 290-1460
Fax: 202 927-8525
Email: lisa.gesser@ttb.gov

RIN: 1513-AA61
_______________________________________________________________________

2436. [bull] PETITION TO ESTABLISH ``MCMINNVILLE'' AS AN AMERICAN 
VITICULTURAL AREA IN OREGON

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

RIN: 1513-AA63
_______________________________________________________________________

2437. [bull] PETITION TO ESTABLISH THE ``FORT ROSS SEAVIEW'' 
VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: TTB has received a petition from Patrick Shabram proposing to 
establish the ``Fort Ross Seaview'' American viticultural area in north 
Sonoma County, California.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

RIN: 1513-AA64
_______________________________________________________________________

2438. [bull] PETITION TO ESTABLISH THE ``ALEXANDER MOUNTAIN'' 
VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: TTB has received a petition from the Jackson Family 
Investment of Santa Rosa, California, to establish the ``Alexander 
Mountain'' viticultural area in Sonoma County, California.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

RIN: 1513-AA65
_______________________________________________________________________

2439. PETITION TO ESTABLISH ``GRAND LAKE O' THE CHEROKEES'' AS A NEW 
AMERICAN VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC97

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

RIN: 1513-AA66
_______________________________________________________________________

2440. [bull] PETITION NO. 2 TO EXPAND THE RUSSIAN RIVER VALLEY 
VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: TTB received a petition in January 2003, from Russian River 
Valley Winegrowers group proposing to expand the Russian River Valley 
viticultural area's south and east boundaries area by 30,200 acres in 
Sonoma County, California.
TTB received a separate Russian River Valley expansion petition in 
August

[[Page 30794]]

2002, from Mr. Donald Carano proposing a 767-acre east boundary 
expansion, located within this larger proposed expansion area. Mr. 
Carano's expansion petition has been addressed in a separate NPRM and 
is being prepared for a final rule.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

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

2441. [bull] PETITION TO ESTABLISH THE ``SALADO CREEK'' VITICULTURAL 
AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: TTB has received a petition to establish the ``Salado Creek'' 
viticultural area in west Stanislaus County, California.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

RIN: 1513-AA69
_______________________________________________________________________

2442. [bull] PETITION TO ESTABLISH THE ``SHAWNEE HILLS'' VITICULTURAL 
AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205(e)

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: TTB has received a petition to establish the ``Shawnee 
Hills'' viticultural area in southern Illinois.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Kristy Colon, TTB Specialist, Department of the 
Treasury, Tax and Trade Bureau, Room 5000, 650 Massachusetts Avenue 
NW., Washington, DC 20226
Phone: 202 927-8210
Fax: 202 927-8525
Email: kristy.colon@ttb.treas.gov

RIN: 1513-AA70
_______________________________________________________________________

2443. [bull] PROPOSED AMENDED BOUNDARIES FOR THE SANTA LUCIA HIGHLANDS 
AND THE ARROYO SECO VITICULTURAL AREA (03R-083P)

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205(e)

CFR Citation: 27 CFR 9.139; 27 CFR 9.59

Legal Deadline: None

Abstract: TTB requests comments concerning the proposed changes to the 
boundaries of the Santa Lucia Highlands and Arroyo Seco viticultural 
aareas located in Monterey County, California.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Kristy Colon, TTB Specialist, Department of the 
Treasury, Tax and Trade Bureau, Room 5000, 650 Massachusetts Avenue 
NW., Washington, DC 20226
Phone: 202 927-8210
Fax: 202 927-8525
Email: kristy.colon@ttb.treas.gov

RIN: 1513-AA72
_______________________________________________________________________
Department of the Treasury (TREAS)                     Final Rule Stage
Tax and Trade Bureau (TTB)
_______________________________________________________________________

2444. IMPLEMENTATION OF WINE CREDIT PROVISIONS OF PUBLIC LAW 104-188

Priority: Substantive, Nonsignificant

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

CFR Citation: 27 CFR 24.278; 27 CFR 24.279

Legal Deadline: None

Abstract: 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
Interim Final Rule              06/02/97                    62 FR 29663
NPRM Comment Period End         08/01/97
Final Action                    06/00/03

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

[[Page 30795]]

Email: marjorie.ruhf@ttb.gov

RIN: 1513-AA05
_______________________________________________________________________

2445. IMPLEMENTATION OF PUBLIC LAW 105-34, SECTION 1416, RELATING TO 
REFUND OF TAX FOR DOMESTIC WINE RETURNED TO BOND REGARDLESS OF 
MERCHANTABILITY (TAXPAYER RELIEF ACT OF 1997)

Priority: Substantive, Nonsignificant

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

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

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              06/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AB74

Agency Contact: Marjorie D. Ruhf, Program Manager, Department of the 
Treasury, Tax and Trade Bureau, 650 Massachusetts Avenue NW., 
Washington, DC 20226
Phone: 202 927-8210
Email: marjorie.ruhf@ttb.gov

RIN: 1513-AA06
_______________________________________________________________________

2446. IMPLEMENTATION OF PUBLIC LAW 105-33, SECTION 9302, REQUIRING THE 
QUALIFICATION OF TOBACCO PRODUCT IMPORTERS AND MISCELLANEOUS TECHNICAL 
AMENDMENTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 5712; 26 USC 5713

CFR Citation: 27 CFR 275

Legal Deadline: Other, Statutory, January 1, 2000, Interim Final Rule.

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC07

Agency Contact: Linda Wade-Chapman, TTB Specialist, Department of the 
Treasury, Tax and Trade Bureau
Phone: 202 927-8181

RIN: 1513-AA10
_______________________________________________________________________

2447. TOBACCO PRODUCTS AND CIGARETTE PAPERS AND TUBES SHIPPED FROM 
PUERTO RICO TO THE UNITED STATES

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 5701; 27 USC 7652

CFR Citation: 27 CFR 275

Legal Deadline: None

Abstract: This temporary rule eliminates TTB onsite supervision of 
tobacco products and cigarette papers and tubes of Puerto Rican 
manufacture that are shipped from Puerto Rico to the United States. It 
also eliminates related forms. This rule requires that persons who ship 
such articles maintain records so that the amount of tax is calculated 
and recorded for TTB audit and examination. Also, this temporary rule 
simplifies and clarifies certain sections.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/08/01                    66 FR 13864
Interim Final Rule              03/08/01                    66 FR 13849
NPRM Comment Period End         05/07/01                    66 FR 13864
Final Action                    11/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC24

Agency Contact: Linda Wade-Chapman, TTB Specialist, Department of the 
Treasury, Tax and Trade Bureau
Phone: 202 927-8181

RIN: 1513-AA17
_______________________________________________________________________

2448. ELIMINATION OF STATISTICAL CLASSES FOR LARGE CIGARS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805, 5722

CFR Citation: 27 CFR 40; 27 CFR 275

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/05/02                    67 FR 67340
NPRM Comment Period End         12/05/02
Final Action                    06/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC33

Agency Contact: Linda Wade-Chapman, TTB Specialist, Department of the 
Treasury, Tax and Trade Bureau
Phone: 202 927-8181

RIN: 1513-AA18
_______________________________________________________________________

2449. IMPORTATION OF TOBACCO PRODUCTS AND CIGARETTE PAPERS AND TUBES; 
RECODIFICATION OF REGULATIONS

Priority: Info./Admin./Other

Legal Authority: 26 USC 7805

CFR Citation: 27 CFR 41; 27 CFR 275

Legal Deadline: None

Abstract: TTB is recodifying the regulations in part 275, Importation 
of Tobacco Products and Cigarette Papers and Tubes. The purpose of this 
recodification is to reissue the regulations in part 275 of title 27 of 
the Code of Federal Regulations (CFR)

[[Page 30796]]

as 27 CFR part 41. In addition, we are making the necessary 
nomenclature changes to this part due to the reorganization of ATF into 
two separate bureaus.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    07/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC46

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

RIN: 1513-AA20
_______________________________________________________________________

2450. AMELIORATION OF FRUIT AND AGRICULTURAL WINES; TECHNICAL AMENDMENTS

Priority: Info./Admin./Other

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 4

Legal Deadline: None

Abstract: TTB is correcting a technical error in 27 CFR 4.22(b) 
regarding the ameliorating of non-grape wines.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/03/02                    67 FR 61998
NPRM Comment Period End         12/02/02
Final Action                    07/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC63

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

RIN: 1513-AA30
_______________________________________________________________________

2451. PETITION TO ESTABLISH ``RED HILLS'' AMERICAN VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: This proposed viticultural area of northern California lies 
within the Clear Lake viticultural area in Lake County, which is 
entirely within the multi-county North Coast viticultural area. The 
area consists of approximately 31,250 acres of hilly terrain covered 
with rocky, volcanic soil. The notice of proposed rulemaking comment 
period closes March 17, 2003, at which time comments and concerns about 
the proposed boundaries and the ``Red Hills'' name will be evaluated.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/30/02                    67 FR 66083
NPRM Comment Period End         12/30/02
NPRM Comment Period Reopened    01/16/03                     68 FR 2262
Second NPRM Comment Period End  03/17/03
Final Action                    09/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC66

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

RIN: 1513-AA33
_______________________________________________________________________

2452. PETITION TO ESTABLISH ``SENECA LAKE'' AS AN AMERICAN VITICULTURAL 
AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: TTB is requesting comments from interested parties concerning 
the proposed establishment of ``Seneca Lake'' as an American 
viticultural area. The proposed Seneca Lake viticultural area 
encompasses about 204,600 acres of land surrounding Seneca Lake in 
upstate New York. The proposed area is located within the approved 
Finger Lakes viticultural area.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/21/02                    67 FR 64575
NPRM Comment Period End         12/20/02
Final Action                    05/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC70

Agency Contact: Kristy Colon, TTB Specialist, Department of the 
Treasury, Tax and Trade Bureau, Room 5000, 650 Massachusetts Avenue 
NW., Washington, DC 20226
Phone: 202 927-8210
Fax: 202 927-8525
Email: kristy.colon@ttb.treas.gov

RIN: 1513-AA34
_______________________________________________________________________

2453. PETITION TO ESTABLISH ``BENNETT VALLEY'' AS AN AMERICAN 
VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: The proposed 8,100-acre viticultural area is located entirely 
within the North Coast viticultural area of northern California, Sonoma 
County, and predominantly within the Sonoma Valley viticultural area. 
There are small overlaps into the Sonoma Coast and Sonoma Mountain 
viticultural areas. The petitioned area is approximately 40 miles 
northeast of San Francisco and is bordered by mountains, foothills, and 
the City of Santa Rosa. Currently, there are 650 acres of vineyards. 
The notice of proposed rulemaking comment period closed January 21, 
2003, with no comments received. The final rule is being prepared for 
review.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/22/02                    67 FR 70352

[[Page 30797]]

NPRM Comment Period End         01/21/03
Final Action                    08/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC72

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

RIN: 1513-AA36
_______________________________________________________________________

2454. PETITION FOR THE ESTABLISHMENT OF ``RED HILL'' AS AN AMERICAN 
VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 205(e)

CFR Citation: 27 CFR 9

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/30/02                    67 FR 66079
NPRM Comment Period End         12/30/02
NPRM Comment Period Reopened    01/16/03                     68 FR 2262
Second NPRM Comment Period End  03/17/03
Final Action                    09/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC76

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

RIN: 1513-AA39
_______________________________________________________________________

2455. PETITION TO CHANGE THE TEMECULA VITICULTURAL AREA'S NAME TO 
TEMECULA VALLEY

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: The proposed name change from Temecula to Temecula Valley is 
intended to provide a more accurate portrayal of the viticultural area, 
geographically and politically, and to provide clarity to wine 
consumers. The boundaries will not change. The notice of proposed 
rulemaking comment period closed December 20, 2002, with favorable 
comments received. The final rule is being prepared for review.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/21/02                    67 FR 64573
NPRM Comment Period End         12/20/02
Final Action                    07/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC77

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

RIN: 1513-AA40
_______________________________________________________________________

2456. PETITION TO ESTABLISH ``ALEXANDRIA LAKES'' AS A NEW AMERICAN 
VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/23/03                     68 FR 3199
NPRM Comment Period End         03/24/03
Final Action                    08/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC85

Agency Contact: Lisa M. Gesser, TTB Specialist, Department of the 
Treasury, Tax and Trade Bureau, 650 Massachusetts Avenue NW., Room 
5000, Washington, DC 20226
Phone: 301 290-1460
Fax: 202 927-8525
Email: lisa.gesser@ttb.gov

RIN: 1513-AA45
_______________________________________________________________________

2457. ORGANIC CLAIMS IN LABELING AND ADVERTISING OF ALCOHOL BEVERAGES

Priority: Info./Admin./Other

Legal Authority: 27 USC 205

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

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/08/02                    67 FR 62860
Temporary Rule                  10/08/02                    67 FR 62856
Final Action                    08/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC87

[[Page 30798]]

Agency Contact: Marjorie D. Ruhf, Program Manager, Department of the 
Treasury, Tax and Trade Bureau, 650 Massachusetts Avenue NW., 
Washington, DC 20226
Phone: 202 927-8210
Email: marjorie.ruhf@ttb.gov

RIN: 1513-AA46
_______________________________________________________________________

2458. PETITION TO ESTABLISH ``OAK KNOLL DISTRICT'' AS A NEW AMERICAN 
VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/09/02                    67 FR 45437
NPRM Comment Period End         09/09/02
Final Action                    05/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC89

Agency Contact: Joanne Brady, TTB Specialist, Department of the 
Treasury, Tax and Trade Bureau
Phone: 215 333-7050

RIN: 1513-AA48
_______________________________________________________________________

2459. PLAIN LANGUAGE IN PART 7

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 7

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/27/02                    67 FR 43496
NPRM Comment Period Extended    08/22/02                    67 FR 54388
NPRM Comment Period End         08/26/02
NPRM Comment Period End         09/25/02
Final Action                    12/00/03
Final Action Effective          01/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC10

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

RIN: 1513-AA60
_______________________________________________________________________

2460. [bull] PETITION NO. 1 TO EXPAND THE RUSSIAN RIVER VALLEY 
VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: TTB received a petition in August 2002, from Mr. Donald 
Carano to expand the Russian River Valley viticultural area's east 
boundary area by 767 acres in Sonoma County, California. The public 
comments indicated a general acceptance, without significant 
opposition, to the expansion area.
In January 2003, TTB received a separate petition from the Russian 
River Valley Winegrowers group proposing a larger expansion to the east 
and south Russian River Valley viticultural boundary areas, which 
includes Mr. Carano's proposed expansion area. The second expansion 
petition will be addressed in a separate NPRM.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/08/03                     68 FR 1020
NPRM Comment Period End         03/10/03
Final Action                    07/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

Related RIN: Related To 1513-AA67
RIN: 1513-AA68
_______________________________________________________________________
Department of the Treasury (TREAS)                    Long-Term Actions
Tax and Trade Bureau (TTB)
_______________________________________________________________________

2461. ALCOHOLIC CONTENT LABELING FOR MALT BEVERAGES

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205(e)

CFR Citation: 27 CFR 7

Legal Deadline: None

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

[[Page 30799]]

placement, and whether such an alcoholic content labeling requirement 
should be mandatory.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AB17

Agency Contact: Bernard J. Kipp, TTB Specialist, Department of the 
Treasury, Tax and Trade Bureau
Phone: 503 356-1341

RIN: 1513-AA01
_______________________________________________________________________

2462. SAKE REGULATIONS

Priority: Substantive, Nonsignificant

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

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: TTB is considering changes to regulations to eliminate 
confusion as to the standards of production, labeling, advertising, and 
tax classification of sake and similar alcohol beverages.

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC09

Agency Contact: Bernard J. Kipp, TTB Specialist, Department of the 
Treasury, Tax and Trade Bureau
Phone: 503 356-1341

RIN: 1513-AA11
_______________________________________________________________________

2463. PROHIBITED MARKS ON PACKAGES OF TOBACCO PRODUCTS AND CIGARETTE 
PAPERS AND TUBES IMPORTED OR BROUGHT INTO THE UNITED STATES

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 5723

CFR Citation: 27 CFR 275

Legal Deadline: None

Abstract: This notice proposes a new rule that will prohibit any mark 
on packages of tobacco products and cigarette papers and tubes imported 
or brought into the United States indicating that U.S. tax has not been 
paid or that the product is not intended for sale or use in the United 
States. Because current regulations only prohibit markings on such 
packages that indicate U.S. tax has been paid, packages of products 
with marks such as ``U.S. tax-exempt'' or ``sale prohibited in the 
United States'' are being imported or brought into the United States.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                             To Be                       Determined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC14

Agency Contact: Linda Wade-Chapman, TTB Specialist, Department of the 
Treasury, Tax and Trade Bureau
Phone: 202 927-8181

RIN: 1513-AA14
_______________________________________________________________________

2464. REMOVAL OF REQUIREMENT TO DISCLOSE SACCHARIN IN THE LABELING OF 
WINE, DISTILLED SPIRITS, AND MALT BEVERAGES

Priority: Info./Admin./Other

Legal Authority: 27 USC 205

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

Legal Deadline: None

Abstract: Since the artificial sweetener saccharin is no longer listed 
as an anticipated carcinogen, TTB plans to remove its requirement for a 
warning label on alcohol beverages containing saccharin as soon as the 
law requiring such warnings (21 U.S.C. 343) is repealed or when it 
expires on May 1, 2002.

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC17

Agency Contact: Marjorie D. Ruhf, Program Manager, Department of the 
Treasury, Tax and Trade Bureau, 650 Massachusetts Avenue NW., 
Washington, DC 20226
Phone: 202 927-8210
Email: marjorie.ruhf@ttb.gov

RIN: 1513-AA15
_______________________________________________________________________

2465. LIQUOR DEALERS; RECODIFICATION OF REGULATIONS

Priority: Info./Admin./Other

Legal Authority: 26 USC 7805

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

Legal Deadline: None

Abstract: TTB is recodifying the regulations pertaining to liquor 
dealers. The purpose of this recodification is to reissue the 
regulations in part 194 of title 27 of the Code of Federal Regulations 
(CFR) as 27 CFR part 31. This change improves the organization of title 
27 CFR. In addition, due to the reorganization of ATF into two separate 
bureaus, we are making nomenclature changes to this part.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                     To Be                       Determined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC45

Agency Contact: Karl Joedicke, TTB Specialist, Department of the 
Treasury, Tax and Trade Bureau
Phone: 202 927-7460

RIN: 1513-AA19
_______________________________________________________________________

2466. PROPOSED REVISIONS OF 27 CFR PART 19

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

[[Page 30800]]

CFR Citation: 27 CFR 19

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                             To Be                       Determined

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

RIN: 1513-AA23
_______________________________________________________________________

2467. PROPOSAL TO RECOGNIZE SYNONYMS FOR PETITE SIRAH AND ZINFANDEL 
GRAPE VARIETIES

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 4

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/10/02                    67 FR 17312
NPRM Comment Period Extended    06/06/02                    67 FR 38915
NPRM Comment Period End         10/08/02
Final Action                    07/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC65

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

RIN: 1513-AA32
_______________________________________________________________________

2468. TAXPAID DISTILLED SPIRITS USED IN MANUFACTURING PRODUCTS UNFIT FOR 
BEVERAGE USE

Priority: Substantive, Nonsignificant

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

CFR Citation: 27 CFR 17

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                             To Be                       Determined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC73

Agency Contact: Linda Wade-Chapman, TTB Specialist, Department of the 
Treasury, Tax and Trade Bureau
Phone: 202 927-8181

RIN: 1513-AA37
_______________________________________________________________________

2469. ELIMINATE REQUIREMENT TO ENROLL TO PRACTICE BEFORE THE BUREAU

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 330

CFR Citation: 31 CFR 8

Legal Deadline: None

Abstract: TTB will published a final rule (Treasury Decision) to 
eliminate the requirement to enroll to practice before the Bureau.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                     To Be                       Determined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC96

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

RIN: 1513-AA62
_______________________________________________________________________
Department of the Treasury (TREAS)                    Completed Actions
Tax and Trade Bureau (TTB)
_______________________________________________________________________

2470. LABELING OF UNAGED GRAPE BRANDY

Priority: Substantive, Nonsignificant

CFR Citation: 27 CFR 5

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       03/18/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Lisa M. Gesser

[[Page 30801]]

Phone: 301 290-1460
Fax: 202 927-8525
Email: lisa.gesser@ttb.gov

RIN: 1513-AA03
_______________________________________________________________________

2471. DISTILLED SPIRITS PLANT REGULATORY INITIATIVE PROPOSAL

Priority: Substantive, Nonsignificant

CFR Citation: 27 CFR 19.11; 27 CFR 19.1003; 27 CFR 19.1010; 27 CFR 
19.49; 27 CFR 19.153; 27 CFR 19.201 to 206; 27 CFR 19.311; 27 CFR 
19.454; 27 CFR 19.605; 27 CFR 19.770; 27 CFR 19.1001

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       03/20/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Joanne Brady
Phone: 215 333-7050

RIN: 1513-AA04
_______________________________________________________________________

2472. HEALTH CLAIMS AND OTHER HEALTH RELATED STATEMENTS IN THE LABELING 
AND ADVERTISING OF ALCOHOL BEVERAGES

Priority: Substantive, Nonsignificant

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

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Rule                      03/03/03                    68 FR 10076
Final Rule Effective            06/02/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Lisa M. Gesser
Phone: 301 290-1460
Fax: 202 927-8525
Email: lisa.gesser@ttb.gov

RIN: 1513-AA09
_______________________________________________________________________

2473. ALCOHOL BEVERAGE HEALTH WARNING STATEMENT

Priority: Substantive, Nonsignificant

CFR Citation: 27 CFR 16

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       11/14/02

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Lisa M. Gesser
Phone: 301 290-1460
Fax: 202 927-8525
Email: lisa.gesser@ttb.gov

RIN: 1513-AA13
_______________________________________________________________________

2474. DELEGATION OF AUTHORITY IN 27 CFR PART 31

Priority: Info./Admin./Other

CFR Citation: 27 CFR 31

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       01/24/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Karl Joedicke
Phone: 202 927-7460

RIN: 1513-AA22
_______________________________________________________________________

2475. DELEGATION OF AUTHORITY IN 27 CFR PART 40

Priority: Info./Admin./Other

CFR Citation: 27 CFR 40

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       01/24/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1513-AA25
_______________________________________________________________________

2476. VOLUNTARY WAIVER OF FILING CLAIM FOR CREDIT, REFUND, ALLOWANCE, OR 
CREDIT OF TAX FOR TOBACCO PRODUCTS MANUFACTURED IN CANADA

Priority: Substantive, Nonsignificant

CFR Citation: 27 CFR 44

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       03/20/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1513-AA31
_______________________________________________________________________

2477. PETITION TO ESTABLISH ``CAPAY VALLEY'' AS AN AMERICAN VITICULTURAL 
AREA

Priority: Substantive, Nonsignificant

CFR Citation: 27 CFR 9

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Rule                      12/20/02                    67 FR 77922
Final Rule Effective            02/18/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Kristy Colon
Phone: 202 927-8210
Fax: 202 927-8525
Email: kristy.colon@ttb.treas.gov

RIN: 1513-AA35
_______________________________________________________________________

2478. PETITION TO PROPOSE ``YADKIN VALLEY'' AS A NEW AMERICAN 
VITICULTURAL AREA

Priority: Substantive, Nonsignificant

CFR Citation: 27 CFR 9

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    12/09/02                    67 FR 72834

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Timothy P. DeVanney
Phone: 202 927-8196
Fax: 202 927-8525

RIN: 1513-AA44
_______________________________________________________________________

2479. BREWERY FORMS

Priority: Substantive, Nonsignificant

CFR Citation: 27 CFR 25

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       03/20/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Charles N. Bacon
Phone: 617 557-1323
Fax: 617 557-1251
Email: charles.bacon@ttb.treas.gov

RIN: 1513-AA47

[[Page 30802]]

_______________________________________________________________________

2480. [bull] REORGANIZATION OF TITLE 27, CODE OF FEDERAL REGULATIONS; 
FINAL RULE

Priority: Info./Admin./Other

Legal Authority: PL 107-296, 116 Stat. 2135 (2002)

CFR Citation: 27 CFR 46; 27 CFR 47; ...

Legal Deadline: None

Abstract: The Homeland Security Act of 2002 divides the Bureau of 
Alcohol, Tobacco and Firearms, Department of the Treasury, into two 
separate agencies: 1) the Bureau of Alcohol, Tobacco, Firearms, and 
Explosives (ATF) in the Department of Justice; and 2) the Alcohol and 
Tobacco Tax and Trade Bureau (TTB) in the Department of the Treasury. 
These changes require reorganization of title 27 of the Code of Federal 
Regulations. This final rule renames chapter I, establishes a new 
chapter II in 27 CFR, and removes certain regulations from chapter I 
and recodifies them in the new chapter II.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Rule                      01/24/03                     68 FR 3744
Final Rule Effective            01/24/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Lisa M. Gesser, TTB Specialist, Department of the 
Treasury, Tax and Trade Bureau, 650 Massachusetts Avenue NW., Room 
5000, Washington, DC 20226
Phone: 301 290-1460
Fax: 202 927-8525
Email: lisa.gesser@ttb.gov

RIN: 1513-AA71
_______________________________________________________________________

2481. DELEGATION OF AUTHORITY IN 27 CFR PART 19

Priority: Info./Admin./Other

CFR Citation: 27 CFR 19

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       01/24/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1513-AA73
_______________________________________________________________________

2482. DELEGATION OF AUTHORITY FOR PART 70

Priority: Info./Admin./Other

CFR Citation: 27 CFR 70

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       01/24/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1513-AA74
BILLING CODE 4810-25-S
_______________________________________________________________________
Department of the Treasury (TREAS)                        Prerule Stage
Comptroller of the Currency (OCC)
_______________________________________________________________________

2483. CAPITAL RULES

Priority: Substantive, Nonsignificant

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

CFR Citation: 12 CFR 3

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Implementation of a Revised Basel Capital Accord (formerly Domestic 
Capital Framework)  ANPRM 11/03/00 (65 FR 66193)  ANPRM Comment Period 
End 02/01/01  ANPRM 07/00/03

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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Ron Shimabukuro, Counsel, Department of the Treasury, 
Comptroller of the Currency, Legislative and Regulatory Activities 
Division, 250 E Street SW, Washington, DC 20219
Phone: 202 874-5090
Fax: 202 874-4889
Email: ron.shimabukuro@occ.treas.gov

Laura Goldman, Senior Attorney, Department of the Treasury, Comptroller 
of the Currency, Legislative and Regulatory Activities Division, 250 E 
Street SW, Washington, DC 20219
Phone: 202 874-5090
Fax: 202 874-4889
Email: laura.goldman@occ.treas.gov

RIN: 1557-AB14

[[Page 30803]]

_______________________________________________________________________
Department of the Treasury (TREAS)                  Proposed Rule Stage
Comptroller of the Currency (OCC)
_______________________________________________________________________

2484. RECORDKEEPING REQUIREMENTS FOR BANK EXCEPTIONS FROM SECURITIES 
BROKER OR DEALER REGISTRATION

Priority: Substantive, Nonsignificant

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

CFR Citation: Not Yet Determined

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Martha Vestal Clarke, Acting Assistant Director, 
Department of the Treasury, Comptroller of the Currency, Legislative 
and Regulatory Activities, Division, 250 E Street SW, Washington, DC 
20219
Phone: 202 874-5090
Email: martha.clarke@occ.treas.gov

RIN: 1557-AB93
_______________________________________________________________________

2485. MAINTENANCE OF RECORDS

Priority: Substantive, Nonsignificant

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

CFR Citation: 12 CFR 7

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Patrick Tierney, Attorney, Department of the Treasury, 
Comptroller of the Currency
Phone: 202 874-5090
Fax: 202 874-4889
Email: patrick.tierney@occ.treas.gov

RIN: 1557-AB99
_______________________________________________________________________

2486. INTERNATIONAL BANKING ACTIVITIES

Priority: Substantive, Nonsignificant

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

CFR Citation: 12 CFR 28; 12 CFR 5

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/23/03                    68 FR 19949
NPRM Comment Period End         06/23/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Lee Walzer, Counsel, Department of the Treasury, 
Comptroller of the Currency, Legislative and Regulatory Analysis 
Division, 250 E Street SW, Washington, DC 20219
Phone: 202 874-5090
Fax: 202 874-4889
Email: lee.walzer@occ.treas.gov

RIN: 1557-AC04
_______________________________________________________________________

2487. INTERAGENCY GUIDELINES ESTABLISHING STANDARDS FOR SAFETY AND 
SOUNDNESS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

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

CFR Citation: 12 CFR 30

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Michele Meyer, Counsel, Department of the Treasury, 
Comptroller of the Currency, Legislative and Regulatory Activities 
Division, 250 E Street SW, Washington, DC 20219.
Phone: 202 874-5090
Fax: 202 874-4889
Email: michele.meyer@occ.treas.gov

RIN: 1557-AC08
_______________________________________________________________________

2488. [bull] REPORTING AND DISCLOSURE REQUIREMENTS FOR NATIONAL BANKS 
WITH SECURITIES REGISTERED UNDER THE SECURITIES EXCHANGE ACT OF 1934; 
SECURITIES OFFERING DISCLOSURE RULES

Priority: Substantive, Nonsignificant

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

CFR Citation: 12 CFR 11; 12 CFR 16

Legal Deadline: None

Abstract: The Sarbanes-Oxley Act of 2002 made amendments to section 
12(i) of the Securities Exchange Act of 1934.

[[Page 30804]]

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Maryann Orr Nash, Counsel, Department of the Treasury, 
Comptroller of the Currency, Legislative and Regulatory Activities 
Division, 250 E Street SW, Washington, DC 20219
Phone: 202 874-5090
Fax: 202 874-4889
Email: maryann.nash@occ.treas.gov

RIN: 1557-AC12
_______________________________________________________________________
Department of the Treasury (TREAS)                     Final Rule Stage
Comptroller of the Currency (OCC)
_______________________________________________________________________

2489. RULES, POLICIES, AND PROCEDURES FOR CORPORATE ACTIVITIES AND BANK 
ACTIVITIES AND OPERATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1 et seq; 12 USC 24 (Seventh); 12 USC 92a; 12 
UC 93a; 12 USC 161; 12 USC 602; 12 USC 1818; 12 USC 1828(n); 12 USC 
1828 note; 12 USC 1831n note; 12 USC 1831o; 12 USC 1835; 12 USC 3101; 
12 USC 3901 et seq; 12 USC 3907; 12 USC 3903; 12 USC 24a, sec 5136A of 
the Revised Statutes; 15 USC 78q; 15 USC 78q-1; 15 USC 78w; 12 USC 29; 
12 USC 371; 12 USC 215a-2; 12 USC 215a-3; 12 USC 92; 12 USC 93; 12 USC 
481; 12 USC 484; 12 USC 1701j-3; 12 USC 3331 et seq

CFR Citation: 12 CFR 3; 12 CFR 5; 12 CFR 6; 12 CFR 7; 12 CFR 9; 12 CFR 
28; 12 CFR 34

Legal Deadline: None

Abstract: The OCC plans to amend part 5 to implement the authority for 
national banks to merge with one or more of their nonbank affiliates 
contained in section 1206 of the American Homeownership and Economic 
Opportunity Act of 2000 (AHEOA). The OCC also plans to amend part 5 to 
implement the authority in section 1204 of AHEOA by adding a new 
section setting forth the application and prior approval requirements 
for national banks contemplating reorganization as a subsidiary of a 
bank holding company. In addition, the OCC also plans to implement 
section 1205 of AHEOA by amending part 7 to permit national banks to 
adopt by-laws providing for staggered boards of directors and to permit 
national banks to apply to expand the size of their boards of directors 
over 25 members. The OCC also plans to amend part 7 in order to clarify 
issues that have arisen in connection with the scope of the OCC's 
visitorial powers. The OCC also plans to make other amendments to parts 
5, 7, 9, and 34, as well as certain technical amendments

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/07/03                     68 FR 6363
NPRM Comment Period End         04/08/03
Final Rule                      06/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Undetermined

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

Agency Contact: Andra Shuster, Counsel, Department of the Treasury, 
Comptroller of the Currency
Phone: 202 874-5090
Fax: 202 874-4889
Email: andra.shuster@occ.treas.gov

Lee Walzer, Counsel, Department of the Treasury, Comptroller of the 
Currency, Legislative and Regulatory Analysis Division, 250 E Street 
SW, Washington, DC 20219
Phone: 202 874-5090
Fax: 202 874-4889
Email: lee.walzer@occ.treas.gov

RIN: 1557-AB97
_______________________________________________________________________

2490. CUSTOMER IDENTIFICATION PROGRAMS FOR BANKS, SAVINGS ASSOCIATIONS, 
AND CREDIT UNIONS

Priority: Substantive, Nonsignificant

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

CFR Citation: 12 CFR 21; 31 CFR 103

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

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/23/02                    67 FR 48290
NPRM Comment Period End         09/06/02
Final Rule                      05/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

[[Page 30805]]

Email: deborah.katz@occ.treas.gov

RIN: 1557-AC06
_______________________________________________________________________

2491. COMMUNITY AND ECONOMIC DEVELOPMENT ENTITIES, COMMUNITY DEVELOPMENT 
PROJECTS, AND OTHER PUBLIC WELFARE INVESTMENTS (12 CFR PART 24)

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 24 (Eleventh); 12 USC 93a; 12 USC 481; 12 USC 
1818

CFR Citation: 12 CFR 24

Legal Deadline: None

Abstract: The OCC issued a notice of proposed rulemaking to amend part 
24, its regulation governing national bank investments that are 
designed to promote the public welfare. The proposal would update the 
definition section of the regulation to reflect the additional types of 
public welfare investment structures that have come into use by 
national banks in recent years; set forth the method a national bank 
should use to measure the aggregate amount of its public welfare 
investments; and simplify the regulation's investment self-
certification and prior approval processes. These changes will simplify 
the regulation and reduce the burden associated with part 24 
investments and thereby encourage additional public welfare investments 
by national banks.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/10/03                     68 FR 1394
NPRM Comment Period End         03/11/03
Final Rule                      05/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Michele Meyer, Counsel, Department of the Treasury, 
Comptroller of the Currency, Legislative and Regulatory Activities 
Division, 250 E Street SW, Washington, DC, 20219
Phone: 202 874-5090
Fax: 202 874-4889
Email: michele.meyer@occ.treas.gov

RIN: 1557-AC09
_______________________________________________________________________

2492. REMOVAL, SUSPENSION, AND DEBARMENT OF INDEPENDENT ACCOUNTANTS FROM 
PERFORMANCE OF AUDIT SERVICES

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 93a; 12 USC 1831m(g)(4)(B)

CFR Citation: 12 CFR 19

Legal Deadline: None

Abstract: The OCC issued a notice of proposed rulemaking to amend 12 
CFR part 19, the Rules of Practice and Procedure by adding a new 
subpart P, ``Removal, Suspension, and Debarment of Independent Public 
Accountants from Performance of Audit Services.'' Section 112 of the 
Federal Deposit Insurance Corporation Improvement Act of 1991 (FDICIA) 
gave the OCC, along with the other Federal banking agencies, the 
authority to remove, suspend, or debar accountants for good cause from 
performing annual audit services. The proposed rule would establish 
policies and procedures for the OCC to take such actions. The proposed 
rule would also make conforming changes to part 19. The Board of 
Governors of the Federal Reserve System, the FDIC, and the Office of 
Thrift Supervision are promulgating similar rules concurrently with the 
OCC to implement section 112 of FDICIA.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/08/03                     68 FR 1116
Correction                      01/31/03                     68 FR 5075
NPRM Comment Period End         03/10/03
Final Rule                      07/00/03

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: mitchell.plave@occ.treas.gov

RIN: 1557-AC10
_______________________________________________________________________

2493. [bull] RULES, POLICIES, AND PROCEDURES FOR CORPORATE ACTIVITIES 
(ELECTRONIC FILINGS)

Priority: Substantive, Nonsignificant

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

CFR Citation: 12 CFR 5

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Jean Campbell, Attorney, Department of the Treasury, 
Comptroller of the Currency, Legislative and Regulatory Activities 
Division, 250 E Street SW, Washington, DC 20219
Phone: 202 874-5090
Fax: 202 874-4889
Email: jean.campbell@occ.treas.gov

RIN: 1557-AC13

[[Page 30806]]

_______________________________________________________________________
Department of the Treasury (TREAS)                    Long-Term Actions
Comptroller of the Currency (OCC)
_______________________________________________________________________

2494. RULES AND PROCEDURES FOR CLAIMS AGAINST OCC-APPOINTED 
RECEIVERSHIPS FOR UNINSURED FINANCIAL INSTITUTIONS

Priority: Substantive, Nonsignificant

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

CFR Citation: Not Yet Determined

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                             To Be                       Determined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Mitchell Plave, Counsel, Department of the Treasury, 
Comptroller of the Currency, Legislative and Regulatory Activities 
Division, 250 E Street SW, Washington, DC 20219
Phone: 202 874-5090
Fax: 202 874-4889
Email: mitchell.plave@occ.treas.gov

RIN: 1557-AB59
_______________________________________________________________________

2495. FAIR CREDIT REPORTING REGULATIONS

Priority: Substantive, Nonsignificant

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

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: The rule will address the sharing of transactional, 
experiential, and other consumer information under the Fair Credit 
Reporting Act. Such sharing of this information constitutes an 
exclusion from the definition of ``consumer report'' under section 
603(d) of the Fair Credit Reporting Act (15 U.S.C. 1681a(d)). It also 
addresses how consumers may opt out of such information sharing, and 
the scope of such opt-outs.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/20/00                    65 FR 63120
NPRM Comment Period End         12/04/00
NPRM Update                     03/27/01                    66 FR 16624
Second NPRM                      To Be                       Determined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Lee Walzer, Counsel, Department of the Treasury, 
Comptroller of the Currency, Legislative and Regulatory Analysis 
Division, 250 E Street SW, Washington, DC 20219
Phone: 202 874-5090
Fax: 202 874-4889
Email: lee.walzer@occ.treas.gov

RIN: 1557-AB78
_______________________________________________________________________

2496. COMMUNITY REINVESTMENT ACT REGULATION

Priority: Substantive, Nonsignificant

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

CFR Citation: 12 CFR 25

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Margaret Hesse, Special Counsel, Department of the 
Treasury, Comptroller of the Currency, Community and Consumer Law 
Division, 250 E Street SW, Washington, DC 20219
Phone: 202 874-5750
Fax: 202 874-5322
Email: margaret.hesse@occ.treas.gov

Patrick Tierney, Attorney, Department of the Treasury, Comptroller of 
the Currency
Phone: 202 874-5090
Fax: 202 874-4889
Email: patrick.tierney@occ.treas.gov

RIN: 1557-AB98
_______________________________________________________________________

2497. RULES, POLICIES, AND PROCEDURES FOR CORPORATE ACTIVITIES

Priority: Substantive, Nonsignificant

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

CFR Citation: 12 CFR 5

Legal Deadline: None

Abstract: The OCC plans to issue a notice of proposed rulemaking that 
will require a national bank to obtain prior approval from the OCC 
before making certain material changes to the bank.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                             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, 250 E Street SW, Washington, DC 
20219
Phone: 202 874-5090
Fax: 202 874-4889
Email: heidi.thomas@occ.treas.gov

RIN: 1557-AC11

[[Page 30807]]

_______________________________________________________________________
Department of the Treasury (TREAS)                    Completed Actions
Comptroller of the Currency (OCC)
_______________________________________________________________________

2498. UNIFORM RULES OF PRACTICE AND PROCEDURE; REGULATION REVIEW

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Duplicate of 1557-AC10          05/08/03

RIN: 1557-AB43
_______________________________________________________________________

2499. PAYDAY LENDING

Priority: Substantive, Nonsignificant

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

CFR Citation: 12 CFR 5; 12 CFR 32

Legal Deadline: None

Abstract: The OCC was considering amending 12 CFR part 5 and 12 CFR 
part 32 to address payday lending activities engaged in by national 
banks through arrangements with third-party lending companies. The 
purpose of this rulemaking would have been to adopt provisions intended 
to ensure that payday lending is conducted in a manner that is 
consistent with safe and sound banking practices.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       03/26/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Federalism:  Undetermined

Agency Contact: Mitchell Plave, Counsel, Department of the Treasury, 
Comptroller of the Currency, Legislative and Regulatory Activities 
Division, 250 E Street SW, Washington, DC 20219
Phone: 202 874-5090
Fax: 202 874-4889
Email: mitchell.plave@occ.treas.gov

RIN: 1557-AC01
BILLING CODE 4810-33-S
_______________________________________________________________________
Department of the Treasury (TREAS)                  Proposed Rule Stage
United States Customs Service (CUSTOMS)
_______________________________________________________________________

2500. TEXTILES AND TEXTILE PRODUCTS SUBJECT TO TEXTILE TRADE AGREEMENTS

Priority: Substantive, Nonsignificant

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

CFR Citation: 19 CFR 12

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Dick Crichton, Operations Officer, Office of Field 
Operations, Department of Homeland Security, Bureau of Customs and 
Border Protection, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-0162

RIN: 1515-AB54
_______________________________________________________________________

2501. LIQUIDATION; EXTENSION; SUSPENSION

Priority: Substantive, Nonsignificant

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

CFR Citation: 19 CFR 159

Legal Deadline: None

Abstract: Document would amend the Customs Regulations to implement 
amendments to section 504 of the Tariff Act of 1930, as amended, which 
pertains to limitations on the liquidation of entries that were 
contained in the Customs Modernization provisions of the North American 
Free Trade Agreement Implementation Act. Amendments would allow the 
reconciliation of entries to be treated as if they were entry 
summaries, subject to normal liquidation requirements; authorize the 
electronic transmittal of notices of extension and suspension of 
liquidation; extend the time period in which Customs must liquidate a 
suspended entry after the suspension is removed; remove the application 
of the four-year limitation to suspended entries; and provide that 
Customs must also inform sureties when an entry is suspended or 
extended.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: William G. Rosoff, Chief, Duty Refund and Determination 
Branch, Department of Homeland Security, Bureau of Customs and Border 
Protection, Office of Regulations and Rulings, 1300 Pennsylvania Avenue 
NW., Washington, DC 20229
Phone: 202 572-8807

RIN: 1515-AB66
_______________________________________________________________________

2502. DETENTION, SEIZURE, AND FORFEITURE OF ``BOOTLEG'' SOUND RECORDING 
AND MUSIC VIDEOS OF LIVE MUSICAL PERFORMANCES

Priority: Substantive, Nonsignificant

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

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

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

[[Page 30808]]

Agency Contact: George F. McCray, Chief, Intellectual Property Rights 
Branch, Department of Homeland Security, Bureau of Customs and Border 
Protection, Office of Regulations and Rulings, 1300 Pennsylvania Avenue 
NW., Washington, DC 20229
Phone: 202 572-8709

RIN: 1515-AB74
_______________________________________________________________________

2503. RECONCILIATION

Priority: Substantive, Nonsignificant

Legal Authority: 19 USC 66; 19 USC 1484; 19 USC 1500; 19 USC 1624

CFR Citation: 19 CFR 142; 19 CFR 159

Legal Deadline: None

Abstract: Amendment to allow those elements of an entry, other than 
those elements relating to the admissibility of the merchandise, that 
are undetermined at the time an entry summary or an import activity 
summary is required to be submitted, to be provided to Customs at a 
later date.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: John Leonard, Program Officer, Department of Homeland 
Security, Bureau of Customs and Border Protection, Office of Field 
Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-0915

RIN: 1515-AB85
_______________________________________________________________________

2504. REMOTE LOCATION FILING

Priority: Substantive, Nonsignificant

Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1484; 19 USC 1624; 19 
USC 1641

CFR Citation: 19 CFR 111; 19 CFR 113; 19 CFR 141; 19 CFR 143

Legal Deadline: None

Abstract: Amendment to allow entry filers to electronically file 
entries of merchandise with Customs from locations within the United 
States other than at the port of arrival of the merchandise or the 
location of examination of the merchandise.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Lisa Santana, Import Specialist, Department of Homeland 
Security, Bureau of Customs and Border Protection, Office of Field 
Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-4342

RIN: 1515-AC23
_______________________________________________________________________

2505. REQUIREMENTS FOR FUTURE CUSTOMS TRANSACTIONS WHEN PAYMENT TO 
CUSTOMS ON PRIOR TRANSACTIONS IS DELINQUENT AND/OR DISHONORED

Priority: Substantive, Nonsignificant

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

CFR Citation: 19 CFR 142; 19 CFR 24

Legal Deadline: None

Abstract: Amendment concerning how Customs will handle the future 
transactions of importers or other parties financially obligated to 
Customs who are delinquent in a payment to Customs or have had payments 
to the agency returned as dishonored by their financial institution. 
Amendment provides, among other things, that where an importer or other 
party financially obligated to Customs (debtor) has not paid monies 
owed to Customs by the due date in a Customs bill or collection notice, 
including a bill or collection notice requesting payment of an amount 
owed to Customs that has been returned as dishonored by the debtor's 
financial institution, Customs may require the debtor to file entry 
summary documentation at the time of entry with estimated duties, taxes 
and fees attached (to make live entry). This requirement will be 
imposed on all the debtor's future importations at all ports of entry 
until Customs receives full payment of the debtor's overdue amount, 
including accrued interest, or until the debt has been resolved other 
than by Customs termination of the collection action. Amendment also 
concerns when Customs will require all future payments be made by 
certified check, money order, cash, or if authorized, by Automated 
Clearinghouse credit payment. Amendments are necessary to support 
Customs collection efforts and to ensure a uniform and consistent 
approach in the manner by which Customs responds to delinquent and 
dishonored payments.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Robert Reiley, Financial Officer, Financial Management 
Division, Department of Homeland Security, Bureau of Customs and Border 
Protection, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-1504

RIN: 1515-AC68
_______________________________________________________________________

2506. CUSTOMS EXAMINATION OF IN-TRANSIT MAIL SHIPMENTS

Priority: Substantive, Nonsignificant

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

CFR Citation: 19 CFR 145

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Glen E. Vereb, Chief, Entry Procedures and Carriers 
Branch, Department of Homeland Security, Bureau of Customs and Border 
Protection, Office of Regulations and Rulings, 1300 Pennsylvania Avenue 
NW., Washington, DC 20229
Phone: 202 572-8730

RIN: 1515-AC71

[[Page 30809]]

_______________________________________________________________________

2507. PATENT SURVEYS

Priority: Substantive, Nonsignificant

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

CFR Citation: 19 CFR 12; 19 CFR 24

Legal Deadline: None

Abstract: Amendment to eliminate patent surveys.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/20/03                    68 FR 13636
NPRM Comment Period End         05/19/03
Final Action                    10/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Louis Alfano, Customs Officer, Commercial Enforcement, 
Department of Homeland Security, Bureau of Customs and Border 
Protection, Office of Field Operations, 1300 Pennsylvania Avenue NW., 
Washington, DC 20229
Phone: 202 927-0005

RIN: 1515-AC93
_______________________________________________________________________

2508. ADVANCE NOTICE REQUIREMENTS FOR AIRCRAFT LANDINGS AND ARRIVALS; 
REVISIONS TO THE PRIVATE AIRCRAFT OVERFLIGHT PROGRAM

Priority: Substantive, Nonsignificant

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

CFR Citation: 19 CFR 122

Legal Deadline: None

Abstract: Amendment to require that the owners or operators of 
commercial aircraft that operate as scheduled airlines and enter the 
United States from foreign areas who intend to land at landing rights 
or user fee airports, request from Customs permission to land in 
writing at least 30 days before the first flight date and secure 
Customs approval to land before the first flight begins. Amendment 
would also make the advance notice of arrival requirement applicable to 
all aircraft. The advance notice of arrival would be required to be 
given by the aircraft commander directly to the appropriate Customs 
location at least one hour before the aircraft crosses any border or 
coastline of the United States. Amendment would also modify the 
application process for the Overflight Program and provide for 
centralized processing of requests for an overflight exemption.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Elizabeth Tritt, Operations Officer, Department of 
Homeland Security, Bureau of Customs and Border Protection, Office of 
Field Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-4434

RIN: 1515-AD10
_______________________________________________________________________

2509. PRIOR DISCLOSURE AND LOST DUTY OR REVENUE DEMANDS WHEN PENALTY 
CLAIM NOT ISSUED

Priority: Substantive, Nonsignificant

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

CFR Citation: 19 CFR 162

Legal Deadline: None

Abstract: Amendment pertaining to prior disclosure and to the procedure 
for demanding payment of duties, taxes, fees, or revenue for violations 
of 19 U.S.C. 1592 or 1593a when a penalty claim is not issued. 
Amendments are designed to encourage participation in the prior 
disclosure program and to enhance the effectiveness of the duty/revenue 
demand process.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Alan Cohen, Senior Attorney, Penalties Branch, 
Department of Homeland Security, Bureau of Customs and Border 
Protection, Office of Regulations and Rulings, 1300 Pennsylvania Avenue 
NW., Washington, DC 20229
Phone: 202 572-8742

RIN: 1515-AD13
_______________________________________________________________________

2510. [bull] TARIFF TREATMENT RELATED TO DISASSEMBLY OPERATIONS UNDER 
THE NORTH AMERICAN FREE TRADE AGREEMENT

Priority: Substantive, Nonsignificant

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

CFR Citation: 19 CFR 181

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/13/03                    68 FR 12011
NPRM Comment Period End         05/12/03
Final Action                    10/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Edward M. Leigh, Attorney, Special Classification and 
Marking Branch, Department of Homeland Security, Bureau of Customs and 
Border Protection, Office of Regulations and Rulings, 1300 Pennsylvania 
Avenue NW., Washington, DC 20229
Phone: 202 572-8827

RIN: 1515-AD23
_______________________________________________________________________

2511. [bull] MANIFEST DISCREPANCY REPORTS--NEW REQUIREMENTS FOR VESSELS 
AND A CONFORMING CHANGE

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 301; 19 USC 66; 19 USC 1431; 19 USC 1433; 19 USC 
1434; 19 USC 1436; 19 USC 1581; 19

[[Page 30810]]

USC 1584; 19 USC 1498; 46 USC App.3; 46 USC App 91

CFR Citation: 19 CFR 4; 19 CFR 18; 19 CFR 113; 19 CFR 122; 19 CFR 123; 
19 CFR 146; 19 CFR 158

Legal Deadline: None

Abstract: Amendment concerning the filing of manifest discrepancy 
reports for vessels and to reflect the elimination of Customs Form 5931 
for all manifest discrepancy reporting. For vessels, the amendments 
include requiring manifest discrepancy reports to be filed prior to the 
arrival of the vessels rather than 60 days after arrival, expanding the 
universe of parties responsible for reporting discrepancies, requiring 
that manifest information be kept for a period of five years after 
vessel arrival, and providing for penalties in certain instances when 
manifest discrepancy reports are not filed. Amendments regarding vessel 
manifest discrepancy reports reflect the necessity for national 
security purposes of receiving from vessels transporting cargo to the 
United States accurate information as to what they are transporting as 
soon as possible.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Pete Flores, Inspector, Department of Homeland 
Security, Bureau of Customs and Border Protection, Manifest and 
Conveyance Branch, Office of Field Operations, 1300 Pennsylvania Avenue 
NW., Washington, DC 20229
Phone: 202 927-0333

Jeremy Baskin, Attorney-Advisor, Penalties Branch, Department of 
Homeland Security, Bureau of Customs and Border Protection, Office of 
Regulations and Rulings, 1300 Pennsylvania Avenue NW., Washington, DC 
20229
Phone: 202 572-8753

RIN: 1515-AD26
_______________________________________________________________________
Department of the Treasury (TREAS)                     Final Rule Stage
United States Customs Service (CUSTOMS)
_______________________________________________________________________

2512. HARBOR MAINTENANCE FEE

Priority: Substantive, Nonsignificant

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

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

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

Abstract: Amendments to the Customs Regulations to implement provisions 
of the Water Resources Development Act of 1986, which authorizes 
Customs to assess a harbor maintenance fee of 0.125 percent (.00125) on 
the value of commercial cargo loaded on or unloaded from a commercial 
vessel at a port unless specifically exempted from the fee. Proceeds of 
the fee are deposited in a trust fund for the U.S. Army Corps of 
Engineers to use for the improvement and maintenance of U.S. ports and 
harbors.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule Effective    03/01/87
Interim Final Rule              03/30/87                    52 FR 10198
Interim Final Rule Comment 
Period End                      05/29/87
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Deborah Thompson, Accountant, Accounts Receivable 
Branch, Department of Homeland Security, Bureau of Customs and Border 
Protection, Office of Finance, Indianapolis, IN 46278
Phone: 317 298-1200

RIN: 1515-AA57
_______________________________________________________________________

2513. DONATED CARGO EXEMPTION FROM HARBOR MAINTENANCE FEE

Priority: Substantive, Nonsignificant

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

CFR Citation: 19 CFR 24

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              01/08/92                      57 FR 607
Interim Final Rule Effective    01/08/92
Interim Final Rule Comment 
Period End                      03/09/92
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Deborah Thompson, Accountant, Accounts Receivable 
Branch, Department of Homeland Security, Bureau of Customs and Border 
Protection, Office of Finance, Indianapolis, IN 46278
Phone: 317 298-1200

RIN: 1515-AA87
_______________________________________________________________________

2514. NORTH AMERICAN FREE TRADE AGREEMENT (NAFTA)--IMPLEMENTATION OF 
DUTY-DEFERRAL PROGRAM PROVISIONS

Priority: Substantive, Nonsignificant

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

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

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

Abstract: Document amends regulations to establish procedural and other 
requirements that apply to the collection, waiver, and reduction of

[[Page 30811]]

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule Effective    01/01/96
Interim Final Rule              01/30/96                     61 FR 2908
Interim Final Rule Comment 
Period End                      04/01/96
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Shawn Filion, Commercial Program Specialist, Department 
of Homeland Security, Bureau of Customs and Border Protection, Office 
of Field Operations, North Star Commercial, P.O. Box 400, Buffalo, NY 
14225
Phone: 716 551-3053

RIN: 1515-AB87
_______________________________________________________________________

2515. CUSTOMS ENTRY DOCUMENTATION PURSUANT TO ANTICOUNTERFEITING 
CONSUMER PROTECTION ACT

Priority: Substantive, Nonsignificant

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

CFR Citation: 19 CFR 141

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

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/13/99                    64 FR 49423
NPRM Comment Period End         12/13/99                    64 FR 62135
Final Action                    07/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: George F. McCray, Chief, Intellectual Property Rights 
Branch, Department of Homeland Security, Bureau of Customs and Border 
Protection, Office of Regulations and Rulings, 1300 Pennsylvania Avenue 
NW., Washington, DC 20229
Phone: 202 572-8709

RIN: 1515-AC15
_______________________________________________________________________

2516. COUNTRY-OF-ORIGIN MARKING

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 301; 19 USC 66; 19 USC 1202; 19 USC 1304; 19 USC 
1624

CFR Citation: 19 CFR 134

Legal Deadline: None

Abstract: Amendments clarify the country-of-origin marking rules set 
forth in part 134 of the Customs Regulations. Amendments promote the 
concept of informed compliance by the trade and proper field 
administration of the statutory requirement.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/26/00                     65 FR 4193
NPRM Comment Period End         04/26/00                    65 FR 17473
Final Action                    10/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Monika Rice Brenner, Chief, Special Classification and 
Marking Branch, Department of Homeland Security, Bureau of Customs and 
Border Protection, Office of Regulations and Rulings, 1300 Pennsylvania 
Avenue NW., Washington, DC 20229
Phone: 202 572-8810

Kristen VerSteeg, Attorney-Advisor, Special Classification and Marking 
Branch, Department of Homeland Security, Bureau of Customs and Border 
Protection, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 572-8832

RIN: 1515-AC32
_______________________________________________________________________

2517. EXPANDED METHODS OF PAYMENT OF DUTIES, TAXES, INTEREST, AND FEES

Priority: Substantive, Nonsignificant

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

CFR Citation: 19 CFR 24

Legal Deadline: None

Abstract: Amendment to expand the number of ways that Customs will 
accept payment of duties, taxes, fees, interest, and other charges. 
Currently, the regulations allow for credit or charge cards, which have 
been authorized by the Commissioner of Customs, to be used at 
designated Customs-serviced locations with a limitation that this 
method of payment may only be used by noncommercial entities. Amendment 
allows payment of duties, taxes, fees, interest, and other charges by 
any electronic technology or charge cards (either debit or credit 
cards) that are authorized by the Commissioner of Customs and by 
removing the limitation that these methods of payment may only be used 
by noncommercial entities.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Linda Lloyd, Financial Officer, Financial Policy 
Division, Department of Homeland Security, Bureau of Customs and Border 
Protection, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-0119

RIN: 1515-AC40

[[Page 30812]]

_______________________________________________________________________

2518. 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                    08/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Kimberly Nott, Operations Officer, Department of 
Homeland Security, Bureau of Customs and Border Protection, Office of 
Field Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-0042

RIN: 1515-AC63
_______________________________________________________________________

2519. AFRICAN GROWTH AND OPPORTUNITY ACT AND GENERALIZED SYSTEM OF 
PREFERENCES

Priority: Substantive, Nonsignificant

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

CFR Citation: 19 CFR 10; 19 CFR 163

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

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule Effective    10/01/00
Interim Final Rule              10/05/00                    65 FR 59668
Interim Final Rule Comment 
Period End                      12/04/00
Final Action                    10/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Cynthia Reese, Senior Attorney, Department of Homeland 
Security, Bureau of Customs and Border Protection, Office of 
Regulations and Rulings, 1300 Pennsylvania Avenue NW., Washington, DC 
20229
Phone: 202 572-8790

Leon Hayward, Operations Officer, Department of Homeland Security, 
Bureau of Customs and Border Protection, Office of Field Operations, 
1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-3271

RIN: 1515-AC72
_______________________________________________________________________

2520. EXPANDED WEEKLY ENTRY PROCEDURE FOR FOREIGN TRADE ZONES

Priority: Substantive, Nonsignificant

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

CFR Citation: 19 CFR 146

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/25/02                    67 FR 48594
NPRM Comment Period End         09/23/02
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Debbie Scott, Chief, Entry and Drawback Management, 
Department of Homeland Security, Bureau of Customs and Border 
Protection, Office of Field Operations, 1300 Pennsylvania Avenue NW., 
Washington, DC 20229
Phone: 202 927-1962

RIN: 1515-AC74
_______________________________________________________________________

2521. UNITED STATES-CARIBBEAN BASIN TRADE PARTNERSHIP ACT AND CARIBBEAN 
BASIN INITIATIVE

Priority: Substantive, Nonsignificant

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

CFR Citation: 19 CFR 10; 19 CFR 163

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

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

[[Page 30813]]

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                    10/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Craig Walker, Senior Attorney-Advisor, Department of 
Homeland Security, Bureau of Customs and Border Protection, Special 
Classification and Marking Branch, 1300 Pennsylvania Avenue NW., 
Washington, DC 20229
Phone: 202 572-8810

Leon Hayward, Operations Officer, Department of Homeland Security, 
Bureau of Customs and Border Protection, Office of Field Operations, 
1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-3271

Cynthia Reese, Senior Attorney, Department of Homeland Security, Bureau 
of Customs and Border Protection, Office of Regulations and Rulings, 
1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 572-8790

RIN: 1515-AC76
_______________________________________________________________________

2522. 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                    12/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Dennis Lomax, Accountant, Department of Homeland 
Security, Bureau of Customs and Border Protection, Accounting Services 
Division, Office of Finance, Indianapolis, IN 46278
Phone: 317 298-1200

RIN: 1515-AC77
_______________________________________________________________________

2523. USER FEES

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 301; 19 USC 58a to 58c; 19 USC 66; 19 USC 1202; 
19 USC 1505; 19 USC 1624; 26 USC 4461; 26 USC 4462; 31 USC 9701

CFR Citation: 19 CFR 24; 19 CFR 111

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/18/02                    67 FR 11954
NPRM Comment Period End         05/17/02
Final Action                    07/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Robert Reiley, Financial Officer, Financial Management 
Division, Department of Homeland Security, Bureau of Customs and Border 
Protection, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-1504

RIN: 1515-AC81
_______________________________________________________________________

2524. DOG AND CAT PROTECTION ACT

Priority: Substantive, Nonsignificant

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

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

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

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/10/01                    66 FR 42163
NPRM Comment Period End         10/09/01
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Luan Cotter, Operations Officer, Department of Homeland 
Security, Bureau of Customs and Border Protection, Office of Field 
Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-1249

Renee Stevens, Science Officer, Department of Homeland Security, Bureau 
of Customs and Border Protection, Office of Laboratories and Scientific 
Services, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-0941

Jeremy Baskin, Attorney-Advisor, Penalties Branch, Department of 
Homeland Security, Bureau of Customs and Border Protection, Office of 
Regulations and Rulings, 1300 Pennsylvania Avenue NW., Washington, DC 
20229

[[Page 30814]]

Phone: 202 572-8753

RIN: 1515-AC87
_______________________________________________________________________

2525. PROTOTYPES USED SOLELY FOR PRODUCT DEVELOPMENT, TESTING, 
EVALUATION, OR QUALITY CONTROL PURPOSES

Priority: Substantive, Nonsignificant

Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1321; 19 USC 1481; 19 
USC 1484; 19 USC 1498; 19 USC 1508; 19 USC 1623; 19 USC 1624; PL 106-
476

CFR Citation: 19 CFR 10; 19 CFR 163

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

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/08/02                    67 FR 10636
NPRM Comment Period End         04/08/02
Final Action                    07/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Lisa Santana, Import Specialist, Department of Homeland 
Security, Bureau of Customs and Border Protection, Office of Field 
Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-4342

RIN: 1515-AC88
_______________________________________________________________________

2526. PREFERENTIAL TREATMENT OF BRASSIERES UNDER THE UNITED STATES-
CARIBBEAN BASIN TRADE PARTNERSHIP ACT

Priority: Substantive, Nonsignificant

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

CFR Citation: 19 CFR 10; 19 CFR 163

Legal Deadline: Final, Statutory, October 1, 2001, Public Law 106-200.

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Dick Crichton, Operations Officer, Office of Field 
Operations, Department of Homeland Security, Bureau of Customs and 
Border Protection, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-0162

Cynthia Reese, Senior Attorney, Department of Homeland Security, Bureau 
of Customs and Border Protection, Office of Regulations and Rulings, 
1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 572-8790

RIN: 1515-AC89
_______________________________________________________________________

2527. SINGLE ENTRY FOR UNASSEMBLED OR DISASSEMBLED ENTITIES IMPORTED ON 
MULTIPLE CONVEYANCES

Priority: Substantive, Nonsignificant

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

CFR Citation: 19 CFR 141; 19 CFR 142

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

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/08/02                    67 FR 16664
NPRM Comment Period End         06/07/02
Final Action                    09/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Gina Grier, Attorney, Entry Procedures and Carriers 
Branch, Department of Homeland Security, Bureau of Customs and Border 
Protection, Office of Regulations and Rulings, 1300 Pennsylvania Avenue 
NW., Washington, DC 20229
Phone: 202 572-8730

Robert E. Watt, Program Officer, Department of Homeland Security, 
Bureau of Customs and Border Protection, Office of Field Operations, 
1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-0279

RIN: 1515-AC94
_______________________________________________________________________

2528. CIVIL FINES FOR IMPORTATION OF MERCHANDISE BEARING A COUNTERFEIT 
MARK

Priority: Substantive, Nonsignificant

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

CFR Citation: 19 CFR 133

Legal Deadline: None

Abstract: Amendment pertaining to the importation of merchandise 
bearing a

[[Page 30815]]

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/07/02                    67 FR 39321
NPRM Comment Period End         08/06/02
Final Action                    07/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Lynne O. Robinson, Attorney, Penalties Branch, 
Department of Homeland Security, Bureau of Customs and Border 
Protection, Office of Regulations and Rulings, 1300 Pennsylvania Avenue 
NW., Washington, DC 20229
Phone: 202 572-8743

RIN: 1515-AC98
_______________________________________________________________________

2529. PASSENGER AND CREW MANIFESTS REQUIRED FOR PASSENGER FLIGHTS IN 
FOREIGN AIR TRANSPORTATION TO THE UNITED STATES

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 301; 19 USC 58b; 19 USC 66; 19 USC 1433; 19 USC 
1436; 19 USC 1448; 19 USC 1459; 19 USC 1590; 19 USC 1594; 19 USC 1623; 
19 USC 1624; 19 USC 1644; 19 USC 1644a; 49 USC 44909(c); 19 USC 1431

CFR Citation: 19 CFR 122

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              12/31/01                    66 FR 67482
Interim Final Rule Comment 
Period End                      03/01/02
Final Action                    10/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: James Jeffers, Operations Officer, Department of 
Homeland Security, Bureau of Customs and Border Protection, Office of 
Field Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-4444

RIN: 1515-AC99
_______________________________________________________________________

2530. MANUFACTURING SUBSTITUTION DRAWBACK--DUTY APPORTIONMENT

Priority: Substantive, Nonsignificant

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

CFR Citation: 19 CFR 191

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              07/24/02                    67 FR 48368
Interim Final Rule Effective    07/24/02
Interim Final Rule Comment 
Period End                      09/23/02
Final Action                    07/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: William G. Rosoff, Chief, Duty Refund and Determination 
Branch, Department of Homeland Security, Bureau of Customs and Border 
Protection, Office of Regulations and Rulings, 1300 Pennsylvania Avenue 
NW., Washington, DC 20229
Phone: 202 572-8807

RIN: 1515-AD02
_______________________________________________________________________

2531. ACCESS TO CUSTOMS SECURITY AREAS AT AIRPORTS

Priority: Substantive, Nonsignificant

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

CFR Citation: 19 CFR 122

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              07/29/02                    67 FR 48977

[[Page 30816]]

Interim Final Rule Effective    07/29/02
Interim Final Rule Comment 
Period End                      09/27/02
Final Action                    09/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Elizabeth Tritt, Operations Officer, Department of 
Homeland Security, Bureau of Customs and Border Protection, Office of 
Field Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-4434

RIN: 1515-AD04
_______________________________________________________________________

2532. CONDITIONAL RELEASE PERIOD AND CUSTOMS BOND OBLIGATIONS FOR FOOD, 
DRUGS, DEVICES, AND COSMETICS

Priority: Substantive, Nonsignificant

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

CFR Citation: 19 CFR 141; 19 CFR 151

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/07/02                    67 FR 39322
NPRM Comment Period End         08/06/02
Final Action                    10/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Jeremy Baskin, Attorney-Advisor, Penalties Branch, 
Department of Homeland Security, Bureau of Customs and Border 
Protection, Office of Regulations and Rulings, 1300 Pennsylvania Avenue 
NW., Washington, DC 20229
Phone: 202 572-8753

RIN: 1515-AD05
_______________________________________________________________________

2533. PASSENGER NAME RECORD INFORMATION REQUIRED FOR PASSENGERS ON 
FLIGHTS IN FOREIGN AIR TRANSPORTATION TO OR FROM THE UNITED STATES

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 301; 19 USC 58b; 19 USC 66; 19 USC 1433; 19 USC 
1436; 19 USC 1448; 19 USC 1459; 19 USC 1590; 19 USC 1594; 19 USC 1623; 
19 USC 1624; 19 USC 1644; 19 USC 1644a; 19 USC 1431; 49 USC 44909(c)

CFR Citation: 19 CFR 122

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              06/25/02                    67 FR 42710
Interim Final Rule Effective    06/25/02
Interim Final Rule Comment 
Period End                      08/26/02
Final Action                    10/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Liliana Quintero, Operations Officer, Department of 
Homeland Security, Bureau of Customs and Border Protection, Office of 
Field Operations, 1300 Pennsylvania Avenu NW., Washington, DC 20229
Phone: 202 927-2531

RIN: 1515-AD06
_______________________________________________________________________

2534. PERFORMANCE OF CUSTOMS BUSINESS BY PARENT AND SUBSIDIARY 
CORPORATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1624; 19 USC 1641

CFR Citation: 19 CFR 111

Legal Deadline: None

Abstract: Amendment to specify circumstances in which a corporate 
entity may perform certain customs business on behalf of a parent 
corporation or subsidiary corporation or sister subsidiary corporation 
without the need to obtain a customs broker license. It is anticipated 
that the amendment would improve the operational efficiency of the 
affected corporate entities and thereby enhance their ability to ensure 
compliance with applicable customs laws and regulations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/15/02                    67 FR 63576
NPRM Comment Period End         12/16/02
Final Action                    07/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Gina Grier, Attorney, Entry Procedures and Carriers 
Branch, Department of Homeland Security, Bureau of Customs and Border 
Protection, Office of Regulations and Rulings, 1300 Pennsylvania Avenue 
NW., Washington, DC 20229
Phone: 202 572-8730

RIN: 1515-AD14
_______________________________________________________________________

2535. [bull] CONFIDENTIALITY PROTECTION FOR VESSEL CARGO MANIFEST 
INFORMATION

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 301; 19 USC 552; 19 USC 552a; 19 USC 66; 19 USC 
1431; 19 USC 1624; 31 USC 9701

CFR Citation: 19 CFR 103

Legal Deadline: None

Abstract: Amendment to provide that, in addition to the importer or 
consignee, parties that electronically transmit vessel cargo manifest 
information directly to Customs 24 or more hours before cargo is laden 
aboard the vessel at the foreign port may

[[Page 30817]]

request confidentiality with respect to the name and address of the 
importer or consignee, related marks, and identification numbers that 
reveal their names and addresses, and the names and addresses of their 
shippers. These parties must submit to Customs a letter of 
authorization signed by the importer or consignee with the request for 
confidentiality.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/09/03                     68 FR 1173
NPRM Comment Period End         02/10/03
Final Action                    07/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Larry L. Burton, Director, International Trade 
Compliance, Department of Homeland Security, Bureau of Customs and 
Border Protection, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 572-8728

RIN: 1515-AD18
_______________________________________________________________________

2536. [bull] IMPLEMENTATION OF THE ANDEAN TRADE PROMOTION AND DRUG 
ERADICATION ACT

Priority: Substantive, Nonsignificant

Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1321; 19 USC 1481; 19 
USC 1484; 19 USC 1498; 19 USC 1508; 19 USC 1623; 19 USC 1624; 19 USC 
3203; 19 USC 3314

CFR Citation: 19 CFR 10; 19 CFR 163

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              03/25/03                    68 FR 14478
Interim Final Rule Effective    03/25/03
Interim Final Rule Comment 
Period End                      05/27/03
Final Action                    10/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Robert Abels, Operations Officer, Department of 
Homeland Security, Bureau of Customs and Border Protection, Office of 
Field Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-1959

Cynthia Reese, Senior Attorney, Department of Homeland Security, Bureau 
of Customs and Border Protection, Office of Regulations and Rulings, 
1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 572-8790

Craig Walker, Senior Attorney-Advisor, Department of Homeland Security, 
Bureau of Customs and Border Protection, Special Classification and 
Marking Branch, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 572-8810

Leon Hayward, Operations Officer, Department of Homeland Security, 
Bureau of Customs and Border Protection, Office of Field Operations, 
1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-3271

RIN: 1515-AD19
_______________________________________________________________________

2537. [bull] TRADE BENEFITS UNDER THE AFRICAN GROWTH AND OPPORTUNITY ACT

Priority: Substantive, Nonsignificant

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

CFR Citation: 19 CFR 10

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              03/21/03                    68 FR 13820
Interim Final Rule Effective    03/21/03
Interim Final Rule Comment 
Period End                      05/20/03
Final Action                    10/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Robert Abels, Operations Officer, Department of 
Homeland Security, Bureau of Customs and Border Protection, Office of 
Field Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-1959

Cynthia Reese, Senior Attorney, Department of Homeland Security, Bureau 
of Customs and Border Protection, Office of Regulations and Rulings, 
1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 572-8790

RIN: 1515-AD20
_______________________________________________________________________

2538. [bull] FEES FOR CUSTOMS PROCESSING AT EXPRESS COURIER FACILITIES

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 301; 19 USC 58a to 58c; 19 USC 66; 19 USC 1202; 
19 USC 1505; 19 USC 261; 19 USC 267; 19 USC 1450 to 1452; 19 USC 1456;

[[Page 30818]]

19 USC 1524; 19 USC 1557; 19 USC 1562; 19 USC 1624; 26 USC 4461; 26 USC 
4462; 19 USC 3332; 46 USC 2110 to 2112

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

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              08/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Joseph Lanzante, Operations Officer, Department of 
Homeland Security, Bureau of Customs and Border Protection, Office of 
Field Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-5246

RIN: 1515-AD21
_______________________________________________________________________

2539. [bull] TRADE BENEFITS UNDER THE CARIBBEAN BASIN ECONOMIC RECOVERY 
ACT

Priority: Substantive, Nonsignificant

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

CFR Citation: 19 CFR 10

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              03/21/03                    68 FR 13827
Interim Final Rule Effective    03/21/03
Interim Final Rule Comment 
Period End                      05/20/03
Final Action                    10/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Robert Abels, Operations Officer, Department of 
Homeland Security, Bureau of Customs and Border Protection, Office of 
Field Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-1959

Cynthia Reese, Senior Attorney, Department of Homeland Security, Bureau 
of Customs and Border Protection, Office of Regulations and Rulings, 
1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 572-8790

RIN: 1515-AD22
_______________________________________________________________________

2540. [bull] PREFERENTIAL TREATMENT OF BRASSIERES 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 
3314; 19 USC 2701

CFR Citation: 19 CFR 10

Legal Deadline: None

Abstract: Amendment to the provisions of the Customs Regulations that 
implement the trade benefits for Caribbean Basin countries contained in 
section 213(b) of the Caribbean Basin Economic Recovery Act (the 
CBERA). The amendments involve the brassieres provision of section 
213(b) and primarily reflect changes made to that statutory provision 
by section 3107 of the Trade Act of 2002.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              07/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Robert Abels, Operations Officer, Department of 
Homeland Security, Bureau of Customs and Border Protection, Office of 
Field Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-1959

Cynthia Reese, Senior Attorney, Department of Homeland Security, Bureau 
of Customs and Border Protection, Office of Regulations and Rulings, 
1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 572-8790

RIN: 1515-AD24
_______________________________________________________________________

2541. [bull] REFUND OF DUTIES PAID ON IMPORTS OF CERTAIN WOOL PRODUCTS

Priority: Substantive, Nonsignificant

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

CFR Citation: 19 CFR 10

Legal Deadline: None

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

[[Page 30819]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    07/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Suzanne Kingsbury, Attorney, Regulations Branch, 
Department of Homeland Security, Bureau of Customs and Border 
Protection, Office of Regulations and Rulings, 1300 Pennsylvania Avenue 
NW., Washington, DC 20229
Phone: 202 572-8763

RIN: 1515-AD27
_______________________________________________________________________

2542. [bull] CUSTOMS BROKER LICENSE EXAMINATION DATES

Priority: Substantive, Nonsignificant

Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1624; 19 USC 1641

CFR Citation: 19 CFR 111

Legal Deadline: None

Abstract: Amendment to allow Customs to publish a notice changing the 
date on which a semiannual written examination for an individual 
broker's license will be held when the normal date (the first Monday in 
April and October) conflicts with a hoiliday, religious observance, or 
other scheduled event.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              06/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Mike Craig, Operations Officer, Broker Management 
Branch, Department of Homeland Security, Bureau of Customs and Border 
Protection, Office of Field Operations, 1300 Pennsylvania Avenue NW., 
Washington, DC 20229
Phone: 202 927-1684

RIN: 1515-AD28
_______________________________________________________________________

2543. [bull] CONFIDENTIALITY OF COMMERCIAL INFORMATION

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 301; 5 USC 552; 5 USC 552a; 19 USC 66; 19 USC 
1431; 19 USC 1624; 19 USC 1628; EO 12600

CFR Citation: 19 CFR 103

Legal Deadline: None

Abstract: Amendment regarding the disclosure procedures that Customs 
follows when commercial information is provided to Customs by a 
business submitter.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              06/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Kelly Herman, Attorney, Disclosure Law Branch, 
Department of Homeland Security, Bureau of Customs and Border 
Protection, Office of Regulations and Rulings, 1300 Pennsylvania Avenue 
NW., Washington, DC 20229
Phone: 202 572-8713

RIN: 1515-AD29
_______________________________________________________________________
Department of the Treasury (TREAS)                    Long-Term Actions
United States Customs Service (CUSTOMS)
_______________________________________________________________________

2544. ENTRY OF SOFTWOOD LUMBER SHIPMENTS FROM CANADA

Priority: Substantive, Nonsignificant

CFR Citation: 19 CFR 12; 19 CFR 113

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              02/26/97                     62 FR 8620
Interim Final Rule Effective    02/26/97
Interim Final Rule Comment 
Period End                      04/28/97
Final Action                     To Be                       Determined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Leon Hayward
Phone: 202 927-3271

Related RIN: Related To 1515-AC62
RIN: 1515-AB97
_______________________________________________________________________

2545. DESIGNATED LAND BORDER CROSSING LOCATIONS FOR CERTAIN CONVEYANCES

Priority: Substantive, Nonsignificant

CFR Citation: 19 CFR 123

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Federalism:  Undetermined

Agency Contact: Dennis Dore
Phone: 202 927-3274

RIN: 1515-AC12
_______________________________________________________________________

2546. ENTRY OF SOFTWOOD LUMBER SHIPMENTS FROM CANADA

Priority: Substantive, Nonsignificant

CFR Citation: 19 CFR 12

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Leon Hayward
Phone: 202 927-3271

Related RIN: Related To 1515-AB97
RIN: 1515-AC62
_______________________________________________________________________

2547. SIMPLIFICATION OF IN-TRANSIT TRUCK SHIPMENTS BETWEEN CANADA AND 
THE UNITED STATES

Priority: Substantive, Nonsignificant

CFR Citation: 19 CFR 123

[[Page 30820]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                             To Be                       Determined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Raymond Janiszewski
Phone: 202 927-0365

RIN: 1515-AC65
_______________________________________________________________________

2548. PROCEDURES GOVERNING THE BORDER RELEASE ADVANCED SCREENING AND 
SELECTIVITY (BRASS) PROGRAM

Priority: Substantive, Nonsignificant

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/01/02                     67 FR 4930
NPRM Comment Period End         04/02/02
Final Action                     To Be                       Determined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Enrique S. Tamayo
Phone: 202 927-0693

RIN: 1515-AC92
_______________________________________________________________________
Department of the Treasury (TREAS)                    Completed Actions
United States Customs Service (CUSTOMS)
_______________________________________________________________________

2549. DEFERRAL OF DUTY ON LARGE YACHTS IMPORTED FOR SALE

Priority: Substantive, Nonsignificant

CFR Citation: 19 CFR 4; 19 CFR 113

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    03/20/03                    68 FR 13623
Final Action Effective          04/21/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Larry L. Burton
Phone: 202 572-8728

RIN: 1515-AC58
_______________________________________________________________________

2550. RULES OF ORIGIN FOR TEXTILE AND APPAREL PRODUCTS

Priority: Substantive, Nonsignificant

CFR Citation: 19 CFR 102

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    02/25/03                     68 FR 8711
Final Action Effective          02/25/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Cynthia Reese
Phone: 202 572-8790

RIN: 1515-AC80
_______________________________________________________________________

2551. SINGLE ENTRY FOR SPLIT SHIPMENTS

Priority: Substantive, Nonsignificant

CFR Citation: 19 CFR 141; 19 CFR 142

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    02/25/03                     68 FR 8713
Final Action Effective          03/27/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Gina Grier
Phone: 202 572-8730

RIN: 1515-AC91
_______________________________________________________________________

2552. ENTRY OF CERTAIN STEEL PRODUCTS

Priority: Substantive, Nonsignificant

CFR Citation: 19 CFR 12

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Rule                      03/21/03                    68 FR 13835
Final Rule Effective            03/21/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Lisa Santana
Phone: 202 927-4342

RIN: 1515-AD15
_______________________________________________________________________

2553. [bull] COMPLIANCE WITH INFLATION ADJUSTMENT ACT

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 301; 19 USC 66; 19 USC 1431; 19 USC 1433; 19 USC 
1624; 28 USC 2461 note; 46 USC 12106; 46 USC App 289; 46 USC App 316(a)

CFR Citation: 19 CFR 4

Legal Deadline: None

Abstract: Pursuant to the Federal Civil Penalties Inflation Act of 1990 
(the Act), each Federal agency is required to adjust for inflation any 
civil monetary penalty covered by the Act that may be assessed in 
connection with violations of those statutes that the agency 
administers. While civil monetary penalties assessed by Customs under 
any provisions of the Tariff Act of 1930 are specifically exempted from 
the Act, Customs does administer two statutory provisions covered by 
the Act. One statute concerns the transportation of passengers between 
ports or places in the United States, the other concerns the coastwise 
towing of vessels. This amendment adjusts the amount of penalty that 
can be assessed for violations incurred under these two statutory 
provisions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Rule                      03/21/03                    68 FR 13819
Final Rule Effective            03/21/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Jeremy Baskin, Attorney-Advisor, Penalties Branch, 
Department of Homeland Security, Bureau of Customs and Border 
Protection, Office of Regulations and Rulings, 1300 Pennsylvania Avenue 
NW., Washington, DC 20229
Phone: 202 572-8753

RIN: 1515-AD25
BILLING CODE 4820-02-S

[[Page 30821]]

_______________________________________________________________________
Department of the Treasury (TREAS)                        Prerule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________

2554. LIABILITIES ASSUMED IN CERTAIN CORPORATE TRANSACTIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 357

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           12/00/03

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:CORP

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

RIN: 1545-AY74
_______________________________________________________________________

2555. COMMUNICATIONS EXCISE TAX; TAXABLE COMMUNICATION SERVICES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 4251; 26 USC 7805

CFR Citation: 26 CFR 49

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Additional Information: REG-137076-02
Drafting attorney: Cynthia A. McGreevy (202) 622-3130
Reviewing attorneys: Frank Boland (202) 622-3130 and Phillip Howard 
(202) 622-3000
Treasury attorney: John Parcell (202) 622-2578
CC:PSI

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

RIN: 1545-BB04
_______________________________________________________________________

2556. [bull] FRACTIONAL PARTS OF A DOLLAR (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7504

CFR Citation: 26 CFR 7504; 26 CFR 301

Legal Deadline: None

Abstract: Regulations will authorize the Internal Revenue Service (IRS) 
to round figures when transcribing amounts from forms into the IRS's 
database.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-147965-02
Drafting attorney: Marcy W. Mendelsohn (202) 622-4940
Reviewing attorney: Charles A. Hall (202) 622-4940
Treasury attorney: Julian Kim (202) 622-1981
CC:PA:APJP

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

Related RIN: Related To 1545-BB35
RIN: 1545-BB42
_______________________________________________________________________

2557. [bull] UPDATE TO SECTION 6081 REGULATIONS (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6081

CFR Citation: 26 CFR 1; 26 CFR 31; 26 CFR 602

Legal Deadline: None

Abstract: These temporary regulations will allow an automatic extension 
of time to file certain information returns.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-107618-02
Drafting attorney: Charles A. Hall (202) 622-4940
Reviewing attorney: Judith M. Wall (202) 622-4940
Treasury attorney: John Parcell (202) 622-2578
CC:PA:APJP

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

RIN: 1545-BB55
_______________________________________________________________________

2558. [bull] GUIDANCE REGARDING MARK-TO-MARKET VALUATION FOR CERTAIN 
SECURITIES

Priority: Substantive, Nonsignificant

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

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Section 475(a) requires that dealers in securities must mark 
their securities to market. If the security is inventory, the dealer 
must include that security at fair market value. Taxpayers must treat 
any securities that are not inventory as if they were sold for its fair 
market value on the last business day of the year. While the legal 
definition of the term ``fair market value'' has long been settled, the 
statute is silent as to what valuation methodology should be used to 
determine fair market value of any

[[Page 30822]]

particular security. Many of the securities subject to section 475 
raise difficult valuation issues. This advanced notice of proposed 
rulemaking is asking for comments on rules and standards that the IRS 
is considering using a financial statement-tax conformity approach for 
valuing certain securities under section 475 for which the 
determination of actual fair market value is administratively 
difficult. The rules will include: (1) the securities to which this 
approach applies; (2) the taxpayers who may elect this approach; (3) 
the election into the approach; (4) the applicable financial statements 
to be used; (5) the record-keeping, retention, and availability 
requirements for verification of financial statement-tax conformity; 
and (6) what approach will apply if the election for financial 
statement-tax conformity is not made.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           06/00/03

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: No

Government Levels Affected: None

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

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

RIN: 1545-BB90
_______________________________________________________________________

2559. [bull] DISCLOSURE OF RETURN INFORMATION TO THE DEPARTMENT OF 
AGRICULTURE (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6103(j)(5)

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: This temporary regulation relates to return information to be 
disclosed to the Department of Agriculture for use in conducting the 
Census of Agriculture. The regulation will conform the language in the 
current regulation at 26 CFR 301.6103(j)(5)-1 to the language adopted 
in the recently published regulation pertaining to disclosures to the 
Bureau of the Census at 26 CFR 301.6103(j)(1)-1.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Federal

Additional Information: REG-103809-03
Drafting attorney: Christine S. Irwin (202) 622-4570
Reviewing attorney: Gerald Ryan (202) 622-4570
CC:PA:DPL

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

Related RIN: Related To 1545-BA56, Related To 1545-BA35
RIN: 1545-BB91
_______________________________________________________________________
Department of the Treasury (TREAS)                  Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________

2560. FOREIGN INSURANCE COMPANIES

Priority: Substantive, Nonsignificant

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

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

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

RIN: 1545-AL82
_______________________________________________________________________

2561. 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                            12/00/03

[[Page 30823]]

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

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

RIN: 1545-AM97
_______________________________________________________________________

2562. FOREIGN INSURANCE COMPANY--DOMESTIC ELECTION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 953

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will provide substantive and procedural rules 
regarding the election under section 953(d) to treat certain controlled 
foreign corporations engaged in the insurance business as domestic 
corporations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

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

RIN: 1545-AO25
_______________________________________________________________________

2563. FRINGE BENEFIT SOURCING UNDER SECTION 861

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 861

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will address the circumstances in which an 
allocation of income of an individual for the performance of services, 
both within and outside the United States, is appropriately made only 
on the time basis.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/21/00                     65 FR 3402
Public Hearing                  07/18/00
Second NPRM                     12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-208254-90 (INTL-107-90)
Drafting attorney: David F. Bergkuist (202) 622-3850
Reviewing attorney: Richard L. Chewning (202) 622-3850
CC:INTL

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

RIN: 1545-AO72
_______________________________________________________________________

2564. TAXATION OF GLOBAL TRADING

Priority: Substantive, Nonsignificant

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

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

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

RIN: 1545-AP01
_______________________________________________________________________

2565. INFORMATION REPORTING AND RECORD MAINTENANCE

Priority: Substantive, Nonsignificant

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

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

Agency Contact: Garrett D. Gregory, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service,

[[Page 30824]]

1111 Constitution Avenue NW, Washington, DC 20224
Phone: 202 622-3870

RIN: 1545-AP10
_______________________________________________________________________

2566. INTEGRATED FINANCIAL TRANSACTION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 864

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

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

RIN: 1545-AR20
_______________________________________________________________________

2567. SOURCE RULES FOR PAYMENTS MADE PURSUANT TO CERTAIN SWAP 
ARRANGEMENTS

Priority: Substantive, Nonsignificant

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

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

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

RIN: 1545-AU89
_______________________________________________________________________

2568. SUBSTANTIATING TRAVEL EXPENSE DEDUCTIONS FOR MEMBERS OF CONGRESS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1; 26 CFR 5

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-105513-97
Drafting attorney: Edwin B. Cleverdon (202) 622-4920
Reviewing attorney: Robert A. Berkovsky (202) 622-4920
CC:ITA

Agency Contact: Edwin B. Cleverdon, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4920

RIN: 1545-AV55
_______________________________________________________________________

2569. FOREIGN TAX CREDIT ANTI-ABUSE REGULATION

Priority: Substantive, Nonsignificant

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

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

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

RIN: 1545-AV97
_______________________________________________________________________

2570. TRANSPORTATION OF PERSONS AND PROPERTY BY AIR

Priority: Substantive, Nonsignificant

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

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

[[Page 30825]]

Government Levels Affected: None

Additional Information: REG-106167-98
Drafting attorney: Patrick S. Kirwan (202) 622-3130
Reviewing attorneys: Frank K. Boland (202) 622-3130 and Phillip Howard 
(202) 622-3000
Treasury attorney: John Parcell (202) 622-2578
CC:PSI

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

RIN: 1545-AW19
_______________________________________________________________________

2571. CONTINGENT DEBT INSTRUMENT

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 988

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-106486-98
Drafting attorney: Milton M. Cahn (202) 622-3870
Reviewing attorney: Jeffrey Dorfman (202) 622-3870
CC:INTL

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

RIN: 1545-AW33
_______________________________________________________________________

2572. CAPITAL GAIN GUIDANCE RELATING TO CRTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 1; 26 USC 664

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulation provides capital gain guidance relating to 
charitable remainder trusts in light of the changes made to section 
1(h) of the Internal Revenue Code by the Taxpayer Relief Act of 1997.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

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

RIN: 1545-AW35
_______________________________________________________________________

2573. CONSTRUCTIVE SALES OF APPRECIATED FINANCIAL POSITIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 1259

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: Businesses, Organizations

Government Levels Affected: None

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

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

RIN: 1545-AW97
_______________________________________________________________________

2574. RULES FOR SOURCING CERTAIN TRANSPORTATION INCOME, SPACE, OR OCEAN 
ACTIVITY INCOME, AND RELATED FOREIGN BASE COMPANY SHIPPING INCOME

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-115557-98
Drafting attorney: Patricia A. Bray (202) 622-3880
Reviewing attorney: Elizabeth Karzon (202) 622-3880
Treasury attorney: Carl Dubert (202) 622-0222
CC:INTL

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

[[Page 30826]]

Phone: 202 622-3880

RIN: 1545-AX02
_______________________________________________________________________

2575. STRADDLES--ONE SIDE LARGER THAN THE OTHER

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 1092

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

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

RIN: 1545-AX16
_______________________________________________________________________

2576. DEFINITION OF ACCOUNTING METHOD

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 446

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-105228-99
Drafting attorney: Jeffery G. Mitchell (202) 622-4970
Reviewing attorney: Thomas Luxner (202) 622-4970
Treasury attorney: Sharon Kay (202) 622-0865
CC:ITA

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

RIN: 1545-AX21
_______________________________________________________________________

2577. CASH OR DEFERRED ARRANGEMENTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

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

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

RIN: 1545-AX26
_______________________________________________________________________

2578. CASH OR DEFERRED ARRANGEMENTS (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation            12/00/03

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: Businesses

Government Levels Affected: None

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

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

RIN: 1545-AX43
_______________________________________________________________________

2579. 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

[[Page 30827]]

Taxpayer Relief Act of 1997 and the IRS Restructuring and Reform Act of 
1998.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-111833-99
Drafting attorney: Tami C. Belouin (202) 622-7940
Reviewing attorneys: Susan T. Mosley (202) 622-7940 and Henry S. 
Schneiderman (202) 622-7820
Treasury attorney: Julian Kim (202) 622-1981
CC:PA:APJP

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

RIN: 1545-AX46
_______________________________________________________________________

2580. HIGHLY COMPENSATED EMPLOYEE

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 414

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

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

RIN: 1545-AX48
_______________________________________________________________________

2581. MODIFICATION TO SECTION 367(A) STOCK TRANSFER REGULATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 367

CFR Citation: 26 CFR 1; 26 CFR 602

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-116053-99
Drafting attorney: Robert W. Lorence (202) 622-3860
Reviewing attorney: Charles Besecky (202) 622-3860
Treasury attorney: Michael Caballero (202) 622-0851
CC:INTL

Agency Contact: Robert W. Lorence, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3860
Fax: 202 622-4476

RIN: 1545-AX77
_______________________________________________________________________

2582. CLARIFICATION OF FOREIGN-BASED COMPANY SALES INCOME RULES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 954

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Federalism:  Undetermined

Additional Information: REG-106356-00
Drafting attorney: Valerie A. Mark-Lippe (202) 622-3840
Reviewing attorney: Phyllis E. Marcus (202) 622-3840
CC:INTL

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

RIN: 1545-AX91
_______________________________________________________________________

2583. ASSUMPTION OF PARTNERSHIP LIABILITIES

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 752

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: No

Government Levels Affected: Undetermined

Federalism:  Undetermined

Additional Information: REG-106736-00
Drafting attorney: Horace Howells (202) 622-3050
Reviewing attorney: Dianna Miosi (202) 622-3050

[[Page 30828]]

Treasury attorney: Deborah Harrington (202) 622-1788
CC:PSI

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

Related RIN: Related To 1545-BB83
RIN: 1545-AX93
_______________________________________________________________________

2584. LIKE-KIND EXCHANGES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 168; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations relate to like-kind exchanges under section 
168 of the Internal Revenue Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

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

RIN: 1545-AX95
_______________________________________________________________________

2585. GUIDANCE ON CHANGES TO THE LAWS FOR CORPORATE ESTIMATED TAXES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 6655

CFR Citation: Not Yet Determined

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-107722-00
Drafting attorney: Robert A. Desilets, Jr. (202) 622-4910
Reviewing attorney: Pamela W. Fuller (202) 622-4910
Treasury attorney: George Manousos (202) 622-1335
CC:PA:APJP

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

RIN: 1545-AY22
_______________________________________________________________________

2586. WITHHOLDING TAX ON FOREIGN PARTNERS' SHARE OF EFFECTIVELY 
CONNECTED INCOME

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805; 26 USC 1446

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: Undetermined

Federalism:  Undetermined

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

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

RIN: 1545-AY28
_______________________________________________________________________

2587. TAXABLE YEARS OF CONTROLLED FOREIGN CORPORATIONS (CFCS) AND 
FOREIGN PERSONAL HOLDING COMPANIES (FPHCS)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 898

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Federalism:  Undetermined

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

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

RIN: 1545-AY30
_______________________________________________________________________

2588. ALLOCATION OF INCOME AND DEDUCTIONS FROM INTANGIBLES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 482

CFR Citation: 26 CFR 1

Legal Deadline: None

[[Page 30829]]

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Federalism:  Undetermined

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

Agency Contact: Anne P. Shelburne, Senior Counsel, Department of the 
Treasury, Internal Revenue Service, 950 L'Enfant Plaza SW, Washington, 
DC 20024
Phone: 202 874-1490

RIN: 1545-AY38
_______________________________________________________________________

2589. DOLLAR-VALUE LIFO

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 472; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-107580-00
Drafting attorney: Scott H. Rabinowitz (202) 622-4970
Reviewing attorney: Jeffery G. Mitchell (202) 622-4970
Treasury attorney: Sharon Kay (202) 622-0865
CC:ITA

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

RIN: 1545-AY39
_______________________________________________________________________

2590. PREVIOUSLY TAXED EARNINGS AND PROFITS UNDER SUBPART F

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

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805; 26 USC 959

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: No

Government Levels Affected: Undetermined

Federalism:  Undetermined

Additional Information: REG-121509-00
Drafting attorney: Jonathan A. Sambur (202) 622-3840
Reviewing attorney: Kelly Kogan (202) 622-3840
CC:INTL

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

RIN: 1545-AY54
_______________________________________________________________________

2591. NORMAL RETIREMENT AGE FOR PENSION PLANS

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

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 411; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-125499-00
Drafting attorney: Janet A. Laufer (202) 622-6090
Reviewing attorney: Marjorie Hoffman (202) 622-6030
Treasury attorney: William Bortz (202) 622-1352
CC:TEGE

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

RIN: 1545-AY61
_______________________________________________________________________

2592. NORMALIZATION

Priority: Substantive, Nonsignificant

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

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

[[Page 30830]]

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

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

2593. DISCLOSURE OF RETURNS AND RETURN INFORMATION IN JUDICIAL AND 
ADMINISTRATIVE TAX PROCEEDINGS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 6103

CFR Citation: 26 CFR 301

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-120297-01
Drafting attorney: David L. Fish (202) 622-4590
Reviewing attorney: Stuart Murray (2020 622-4590
Treasury attorney: Eric San Juan (202) 622-0224
CC:PA:DPL

Agency Contact: David L. Fish, Senior Technician Reviewer, Department 
of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4590

RIN: 1545-AY89
_______________________________________________________________________

2594. PAYMENTS FOR INTEREST IN PARTNERSHIP

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 736

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

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

RIN: 1545-AY90
_______________________________________________________________________

2595. ALLOCATION AND APPORTIONMENT OF INTEREST EXPENSE

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 864

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

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

Related RIN: Related To 1545-BA92
RIN: 1545-BA02
_______________________________________________________________________

2596. TRANSACTIONS INVOLVING OBLIGATIONS OF CONSOLIDATED GROUP MEMBERS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 1502

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-107592-00
Drafting attorney: Frances Kelly (202) 622-7770
Reviewing attorney: Michael J. Wilder (202) 622-7750
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC:CORP

Agency Contact: Frances Kelly, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224

[[Page 30831]]

Phone: 202 622-7770

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

2597. DEDUCTIBILITY OF EMPLOYER CONTRIBUTIONS FOR DEFERRED COMPENSATION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

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

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

RIN: 1545-BA13
_______________________________________________________________________

2598. CONTINUATION OF A CONSOLIDATED GROUP

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 1502

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-126022-01
Drafting attorney: Christopher M. Bass (202) 622-7770
Reviewing attorney: Edward Cohen (202) 622-7770
CC:CORP

Agency Contact: Christopher M. Bass, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-7770

RIN: 1545-BA14
_______________________________________________________________________

2599. PROPERTY EXEMPT FROM LEVY

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6334

CFR Citation: 26 CFR 301

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-140378-01
Drafting attorney: Robin M. Ferguson (202) 622-3610
Reviewing attorney: Alan Levine (202) 622-3610
CC:PA:CBS

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

RIN: 1545-BA22
_______________________________________________________________________

2600. GASOLINE TAX CLAIMS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 6416

CFR Citation: 26 CFR 48

Legal Deadline: None

Abstract: The proposed regulation will provide guidance regarding 
claims for credit or refund of the gasoline tax under section 
6416(b)(2) of the Internal Revenue Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           10/23/01                    66 FR 53564
NPRM                            06/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses, Governmental Jurisdictions

Government Levels Affected: State, Local, Tribal

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

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

RIN: 1545-BA27
_______________________________________________________________________

2601. SUSPENSION OF STATUTES OF LIMITATION IN JOHN DOE AND THIRD-PARTY 
SUMMONS DISPUTES, AND EXPANSION OF TAXPAYERS' RIGHTS TO RECEIVE NOTICE 
AND SEEK JUDICIAL REVIEW OF THIRD PARTY SUMMONSES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: The proposed regulation provides guidance regarding modified 
rules for serving summonses on third-party recordkeepers, the broadened 
range of summonses subject to the notice requirements, and the 
suspension of limitations periods when court actions are brought or 
when a summoned third party fails to fully respond to a summons. This 
proposed regulation incorporates the changes enacted in the Internal 
Revenue Service Restructuring and Reform Act of 1998,

[[Page 30832]]

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

RIN: 1545-BA31
_______________________________________________________________________

2602. AMENDMENTS TO RULES FOR ALLOCATION OF BASIS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 755

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The proposed regulation amends the regulations under section 
755 (section 1.755-1) in order to better coordinate with recent 
revisions to section 1.755-2 relating to rules for allocation of basis.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-155345-01
Drafting attorney: Craig A. Gerson (202) 622-3050
Reviewing attorney: Matthew Lay (202) 622-3060
Treasury attorney: Deborah Harrington (202) 622-1788
CC:PSI

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

Related RIN: Related To 1545-AX18
RIN: 1545-BA32
_______________________________________________________________________

2603. EARNED INCOME CREDIT

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations relate to the earned income credit. The 
final regulations reflect changes in the law since the existing 
regulations were published in the Federal Register on March 13, 1980. 
Due to subsequent statutory changes in the applicable tax law, the 
regulations were not entirely in conformity with current law. 
Accordingly, sections of the final regulations are removed and amended. 
These regulations apply to individual taxpayers claiming the earned 
income credit.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-135061-01
Drafting attorney: Shoshanna Tanner (202) 622-6080
Reviewing attorney: Karin Loverud (202) 622-6080
CC:TEGE

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

RIN: 1545-BA34
_______________________________________________________________________

2604. INCOME FROM SOURCES WITHIN SPECIFIED POSSESSION

Priority: Substantive, Nonsignificant

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

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

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

RIN: 1545-BA37
_______________________________________________________________________

2605. TREATMENT OF CERTAIN OBLIGATION-SHIFTING TRANSACTIONS

Priority: Substantive, Nonsignificant

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

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

[[Page 30833]]

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-160799-01
Drafting attorney: Jeffrey L. Vinnik (202) 622-3840
Reviewing attorney: David N. Bowen (202) 622-3800
Treasury attorney: Rocco Femia (202) 622-1755
CC:INTL

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

RIN: 1545-BA41
_______________________________________________________________________

2606. MULTI-FAMILY HOUSING BONDS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations relate to various issues with respect to 
multi-family housing bonds.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: No

Government Levels Affected: State, Local

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

Agency Contact: Rose M. Weber, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3980
Fax: 202 622-4437

RIN: 1545-BA45
_______________________________________________________________________

2607. USER FEES FOR OFFERS TO COMPROMISE

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 31 USC 9701

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-103777-02
Drafting attorney: Gene W. Beard (202) 622-3620
Reviewing attorney: Frederick W. Schindler (202) 622-3620
Treasury attorney: Jodi Cohen (202) 622-0160
CC:PA:CBS

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

RIN: 1545-BA54
_______________________________________________________________________

2608. MODIFICATION OF CHECK THE BOX REGULATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1; 26 CFR 301

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: Undetermined

Federalism:  Undetermined

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

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

RIN: 1545-BA59
_______________________________________________________________________

2609. ABATEMENT OF INTEREST ON LARGE ERRONEOUS REFUNDS

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

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 6404(e)

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: No

Government Levels Affected: Undetermined

[[Page 30834]]

Federalism:  Undetermined

Additional Information: REG-167500-01
Drafting attorney: David A. Abernathy (202) 622-7940
Reviewing attorney: Richard Goldman (202) 622-7940
CC:PA:APJP

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

RIN: 1545-BA61
_______________________________________________________________________

2610. ALLOCATION AND APPORTIONMENT RULES: GUIDANCE ON SELECTED ISSUES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 863

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-128240-01
Drafting attorney: Teresa B. Hughes (202) 622-3850
Reviewing attorney: Anne Devereaux (202) 622-3850
Treasury attorney: John Harrington (202) 622-0589
CC:INTL

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

RIN: 1545-BA64
_______________________________________________________________________

2611. PROVISIONS REGARDING CROSS-BORDER TRANSACTIONS

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

Unfunded Mandates: Undetermined

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

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Federalism:  Undetermined

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

Agency Contact: Robert W. Lorence, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3860
Fax: 202 622-4476

RIN: 1545-BA65
_______________________________________________________________________

2612. INTEREST OTHER THAN THAT OF A CREDITOR

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 465; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation provides guidance under section 465(b)(3) of 
the Internal Revenue Code. The regulations state when 465(b)(3) will 
apply to activities and clarify who has an interest other than that of 
a creditor.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Additional Information: REG-209377-89
Drafting attorney: Tara P. Volungis (202) 622-3080
Reviewing attorney: Christine Ellison (202) 622-3070
Treasury attorney: John Parcell (202) 622-2578
CC:PSI

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

RIN: 1545-BA69
_______________________________________________________________________

2613. CIRCULAR 230--TAX SHELTER AMENDMENTS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 31 USC 330

CFR Citation: 31 CFR 10

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-122379-02
Drafting attorney: Brinton T. Warren (202) 622-4940
Reviewing attorney: Richard S. Goldstein (202) 622-7820
Treasury attorney: Julian Kim (202) 622-1981
CC:PA:APJP

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

RIN: 1545-BA70

[[Page 30835]]

_______________________________________________________________________

2614. CIRCULAR 230--PHASE 2 NON-SHELTER REVISIONS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 31 USC 330

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-122380-02
Drafting attorney: Brinton T. Warren (202) 622-4940
Reviewing attorney: Richard S. Goldstein (202) 622-7820
Treasury attorney: Julian Kim (202) 622-1981
CC:PA:APJP

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

RIN: 1545-BA72
_______________________________________________________________________

2615. STATUTORY OPTIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 421

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation provides rules for the creation, and or 
maintenance, of a statutory stock option plan. It includes rules on 
adopting a plan, plan requirements, permissible provisions of a plan, 
and disqualification of a statutory option.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/03
Comment Period End              09/00/03
Final Action                    12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-122917-02
Drafting attorney: Erinn M. Madden (202) 622-6030
Reviewing attorney: Robert Misner (202) 622-6030
Treasury attorney: Elizabeth Drigotas (202) 622-1332
CC:TEGE

Agency Contact: Erinn M. Madden, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-6030

RIN: 1545-BA75
_______________________________________________________________________

2616. DISCLOSURE OF RELATIVE VALUE OF DISTRIBUTION FORMS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805(b); 26 USC 417(a)(3)(A)

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will specify the disclosures that must be 
made to participants in qualified pension plans to describe the 
relative value of the available optional forms of benefit.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses, Organizations

Government Levels Affected: None

Additional Information: REG-124667-02
Drafting attorney: Linda S.F. Marshall (202) 622-6090
Reviewing attorney: Marjorie Hoffman (202) 622-6090
Treasury attorney: Harlan Weller (202) 622-1001
CC:TEGE

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

RIN: 1545-BA78
_______________________________________________________________________

2617. PARTNERSHIP TRANSACTIONS INVOLVING LONG-TERM CONTRACTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 460

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Currently, regulations under section 460 divide the rules 
regarding a mid-contract change in taxpayers engaged in completing 
long-term contracts into two categories: constructive completion 
transactions and step-in-the-shoes transactions. The regulations 
provide that a transfer described in section 721(a) of a long-term 
contract to a partnership and a transfer of a partnership interest are 
step-in-the-shoes transactions. These regulations will explain the tax 
consequences of contributions of long-term contracts to, transfers of 
interests in, and distributions from, partnerships holding long-term 
contracts.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: No

Government Levels Affected: Undetermined

Additional Information: REG-128203-02
Drafting attorney: Richard T. Probst (202) 622-3060
Reviewing attorney: Matthew Lay (202) 622-3060
Treasury attorney: Deborah Harrington (202) 622-1788
CC:PSI

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

RIN: 1545-BA81
_______________________________________________________________________

2618. 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

[[Page 30836]]

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

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

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

RIN: 1545-BA84
_______________________________________________________________________

2619. CARRYOVER AND STACKING RULE AMENDMENT

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 42

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The low-income housing tax credit rules that concern 
carryover allocations under regulations section 1.42-6 and stacking 
rules under regulations section 1.42-14 are amended to reflect changes 
under the Community Renewal Tax Relief Act of 2000.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Additional Information: REG-131997-02
Drafting attorney: Christopher J. Wilson (202) 622-3040
Reviewing attorney: Susan Reaman (202) 622-3040
Treasury attorney: Steve Watson (202) 622-1322
CC:PSI

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

RIN: 1545-BA85
_______________________________________________________________________

2620. AGGREGATE COMPUTATION AND ALLOCATION OF RESEARCH CREDIT

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 41

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will provide guidance on the proper method of 
computing the research credit for a controlled group. In addition, this 
regulation will provide guidance on the allocation of the research 
credit among members of a controlled group.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-133791-01
Drafting attorney: Jolene J. Shiraishi (202) 622-3120
Reviewing attorney: Brenda M. Stewart (202) 622-3120
Treasury attorney: Sharon Kay (202) 622-0865
CC:PSI

Agency Contact: Jolene J. Shiraishi, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20044
Phone: 202 622-3120

Related RIN: Related To 1545-AX05
RIN: 1545-BA88
_______________________________________________________________________

2621. TRANSFER OF NOTES OR STOCK TO PROVIDE FOR SATISFACTION OF 
CONTESTED LIABILITIES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The proposed regulations would amend regulations section 
1.461-2 that allows a taxpayer to deduct in the taxable year of 
transfer the amount of money on other property transferred to satisfy 
an asserted liability that the taxpayer contests. The amendment to 
regulations section 1.461-2(c)(1) would provide that transfers of a 
taxpayer's own note or stock of the note or stock of a related person 
are not transfers to provide for the satisfaction of an asserted 
liability, except where the transfer has been made to the person who is 
asserting the liability. The regulations would also amend regulations 
section 1.461-2 to provide that a transfer of money or other property 
to a trust, escrow account, or a court to provide for the satisfaction 
of a contested workers' compensation or tort liability does not satisfy 
economic performance, unless the transfer is made to a qualified 
settlement fund.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

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

Related RIN: Related To 1545-BA91
RIN: 1545-BA90

[[Page 30837]]

_______________________________________________________________________

2622. TRANSFER OF NOTES OR STOCK TO PROVIDE FOR SATISFACTION OF 
CONTESTED LIABILITIES (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The temporary regulations would amend regulations section 
1.461-2 that allows a taxpayer to deduct in the taxable year of 
transfer the amount of money or other property transferred to satisfy 
an asserted liability that the taxpayer contests. The amendment to 
regulations section 1.461-2(c)(1) would provide that transfers of a 
taxpayer's own note or stock or the note or stock of a related person 
are not transfers to provide for the satisfaction of an asserted 
liability, except where the transfer has been made to the person who is 
asserting the liability. The regulations also amend regulations section 
1.461-2 to provide that a transfer of money or other property to a 
trust, an escrow account, or a court to provide for the satisfaction of 
a contested workers' compensation or tort liability does not satisfy 
economic performance, unless the transfer is made to a qualified 
settlement fund.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulations           12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

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

Related RIN: Related To 1545-BA90
RIN: 1545-BA91
_______________________________________________________________________

2623. GENERATION-SKIPPING TRANSFER TAX RELIEF PROVISIONS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 2642

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This proposed regulation issue regulations under section 
2642(g) relating to relief provisions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-136761-02
Drafting attorney: Lian A. Mito (202) 622-7830
Reviewing attorney: James F. Hogan (202) 622-7830
Treasury attorney: Catherine Hughes (202) 622-9407
CC:PSI

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

RIN: 1545-BA94
_______________________________________________________________________

2624. GUIDANCE TO FACILITATE ELECTRONIC TAX ADMINISTRATION

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will facilitate electronic tax 
administration.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-137243-02
Drafting attorney: Brinton T. Warren (202) 622-4940
Reviewing attorney: Judith Wall (202) 622-4940
Treasury attorney: John Parcell (202) 622-2578
CC:PA:APJP

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

RIN: 1545-BA96
_______________________________________________________________________

2625. EMPLOYMENT TAXES--FAILURE-TO-DEPOSIT PENALTY

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6656; 26 USC 6302

CFR Citation: 26 CFR 31

Legal Deadline: None

Abstract: Reconsideration of Rev. Rul. 75-191 (situations 1 and 2) 
regarding the application of the section 6656 failure-to-deposit 
penalty where employment taxes should have been withheld but were not. 
Ruling provides employer will not be subject to the penalty if employer 
did not actually withhold the taxes. In contrast, Treas. Reg. section 
1.1461-1(a)(2) provides that penalty will be due for taxes under 
chapter 3 of the Code if the withholding agent should have withheld the 
tax but in fact did not withhold as required. Regulation will conform 
treatment of employment taxes to chapter 3 taxes.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-136778-02
Drafting attorney: Charles A. Hall (202) 622-4940
Reviewing attorney: Judith Wall (202) 622-4940
Treasury attorney: Julian Kim (202) 622-1981
CC:PA:APJP

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

[[Page 30838]]

Phone: 202 622-4940

RIN: 1545-BA97
_______________________________________________________________________

2626. TIMELY MAILING TREATMENT

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7502

CFR Citation: 26 CFR 301

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: No

Government Levels Affected: None

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

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

RIN: 1545-BA99
_______________________________________________________________________

2627. HAND CARRY RETURNS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6091

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: No

Government Levels Affected: None

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

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

Related RIN: Related To 1545-BB45
RIN: 1545-BB00
_______________________________________________________________________

2628. CHANGE IN USE; ACCELERATED COST RECOVERY SYSTEM

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 168

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This proposed regulation provides guidance under section 168 
regarding depreciation of property for which the use changes.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-138499-02
Drafting attorney: Kathleen Reed (202) 622-3110
Reviewing attorney: Charles Ramsey (202) 622-3110
Treasury attorney: George Manousos (202) 622-1335
CC:PSI

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

RIN: 1545-BB05
_______________________________________________________________________

2629. DEPRECIATION OF VANS AND LIGHT TRUCKS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 280F(d)(5)(B)

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation amends regulations section 1.280F-6T(c)(3) to 
provide that a truck or van that is a qualified nonpersonal use 
vehicle, as defined in section 274(i) and regulations section 1.274-
5T(k), is not a ``passenger automobile'' for purposes of section 280F.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-138495-02
Drafting attorney: Bernard P. Harvey, III (202) 622-3110
Reviewing attorney: Charles B. Ramsey (202) 622-3110
Treasury attorney: John Parcell (202) 622-2578
CC:PSI

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

RIN: 1545-BB06
_______________________________________________________________________

2630. DISCLOSURE OF REPORTABLE TRANSACTIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation provides guidance under section 6011 
regarding disclosure of reportable transactions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: No

Government Levels Affected: None

[[Page 30839]]

Additional Information: REG-138618-02
Drafting attorney: Tara P. Volungis (202) 622-3080
Reviewing attorney: Christine Ellison (202) 622-3070
Treasury attorney: Julian Kim (202) 622-1981
CC:PSI

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

RIN: 1545-BB07
_______________________________________________________________________

2631. REGISTRATION OF REPORTABLE TRANSACTIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 6111

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: This regulation provides guidance under section 6111 
regarding the registration of reportable transactions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-138621-02
Drafting attorney: Tara P. Volungis (202) 622-3080
Reviewing attorney: Christine Ellison (202) 622-3070
Treasury attorney: Julian Kim (202) 622-1981
CC:PSI

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

RIN: 1545-BB08
_______________________________________________________________________

2632. LIST MAINTENANCE REQUIREMENT FOR REPORTABLE TRANSACTIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 6112

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: This regulation provides guidance under section 6112 
regarding the maintenance and furnishing of lists of investors in 
reportable transactions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-138624-02
Drafting attorney: Tara P. Volungis (202) 622-3080
Reviewing attorney: Christine Ellison (202) 622-3070
Treasury attorney: Julian Kim (202) 622-1981
CC:PSI

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

RIN: 1545-BB09
_______________________________________________________________________

2633. CAPITAL ACCOUNT BOOKUP

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 704; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This proposed regulation will expand the circumstances under 
which a revaluation of partnership capital accounts is permitted.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-139796-02
Drafting attorney: Craig A. Gerson (202) 622-3050
Reviewing attorney: David Haglund (202) 622-3050
Treasury attorney: Deborah Harrington (202) 622-1788
CC:PSI

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

RIN: 1545-BB10
_______________________________________________________________________

2634. ALLOCATION OF FOREIGN TAX CREDITS AMONG PARTNERS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

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

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

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

RIN: 1545-BB11

[[Page 30840]]

_______________________________________________________________________

2635. DISTRIBUTIONS OF PROPERTY

Priority: Substantive, Nonsignificant

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

CFR Citation: 26 CFR 301; 26 CFR 20

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

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

RIN: 1545-BB12
_______________________________________________________________________

2636. STRUCTURED SETTLEMENT FACTORING TRANSACTIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 115

CFR Citation: 26 CFR 1; 26 CFR 602

Legal Deadline: None

Abstract: These regulations relate to section 5891 of the Internal 
Revenue Code. Section 5891 imposes a 40 percent excise tax upon any 
person who acquires certain payment rights in a structured settlement 
factoring transaction. The regulations provide guidance necessary to 
comply with the reporting requirements of the excise tax.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/19/03                     68 FR 7956
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-139768-02
Drafting attorney: Shareen S. Pflanz (202) 622-4920
Reviewing attorney: Charles Strickland (202) 622-4960
Treasury attorney: John Parcell (202) 622-2578
CC:ITA

Agency Contact: Shareen S. Pflanz, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4920

Related RIN: Related To 1545-BB24
RIN: 1545-BB14
_______________________________________________________________________

2637. TESTIMONY AUTHORIZATIONS AND REQUESTS FOR IRS INFORMATION

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

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 301

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: This propsed regulation will amend existing regulations on 
testimony authorizations and requests for IRS information.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-140930-02
Drafting attorney: J. Suzanne Sones 202) 622-4590
Reviewing attorney: David L. Fish (202) 622-4590
CC:PA:DPL

Agency Contact: J. Suzanne Sones, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4590

RIN: 1545-BB15
_______________________________________________________________________

2638. INVESTIGATIVE DISCLOSURES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6103(k)(6)

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: This proposed regulation will amend existing regulations on 
disclosure of return information by Internal Revenue Officers and 
employees for investigative purposes.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Federal

Additional Information: REG-140808-02
Drafting attorney: Helene R. Newsome (202) 622-4570
Reviewing attorney: Donald M. Squires (202) 622-4570
Treasury attorney: 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

Related RIN: Related To 1545-BB17
RIN: 1545-BB16
_______________________________________________________________________

2639. INVESTIGATIVE DISCLOSURES (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6103(K)(6)

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: This regulation will amend existing regulations on disclosure 
of return information by Internal Revenue Officers and employees for 
investigative purposes.

[[Page 30841]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Federal

Additional Information: REG-140808-02
Drafting attorney: Helene R. Newsome (202) 622-4570
Reviewing attorney: Donald M. Squires (202) 622-4570
Treasury attorney: 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

Related RIN: Related To 1545-BB16
RIN: 1545-BB17
_______________________________________________________________________

2640. TOLL TELEPHONE SERVICE--DEFINITION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 49

Legal Deadline: None

Abstract: This proposed regulation provides amendments to regulations 
relating to the definition of toll telephone service.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Additional Information: REG-141097-02
Drafting attorney: Cynthia A. McGreevy (202) 622-3130
Reviewing attorneys: Frank Boland (202) 622-3130
 Phillip Howard (202) 622-3000
Treasury attorney: John Parcell (202) 622-2578
CC:PSI

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

RIN: 1545-BB18
_______________________________________________________________________

2641. DUPLICATE TAX BENEFITS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation prevents a consolidated group from deriving 
more than one tax benefit from a single economic loss. A loss on 
consolidated return, with respect to the sale of a subsidiary's stock, 
will be suspended to the extent of duplication (i.e. the group retains 
the loss asset) as long as the subsidiary remains a member of the 
group. In addition, there is a basis leveling rule, which prevents 
groups from loading onto a single block of subsidiary stock and selling 
only that stock, while maintaining that subsidiary as part of the 
group.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-131478-02
Drafting attorney: Aimee K. Meacham (202) 622-7530
Reviewing attorney: Sean Duffley (202) 622-7530
CC:CORP

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

RIN: 1545-BB25
_______________________________________________________________________

2642. COST SHARING

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 482

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Federalism:  Undetermined

Additional Information: REG-144615-02
Drafting attorneys: David Bowen (202) 622-3800 and Jeffrey Parry (202) 
874-1490
Reviewing attorney: Elizabeth G. Beck (202) 874-1490
Treasury attorney: Rocco Femia (202) 622-1755
CC:INTL

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

RIN: 1545-BB26
_______________________________________________________________________

2643. APPLICATION OF SEPARATE LIMITATIONS TO DIVIDENDS FROM 
NONCONTROLLED SECTION 902 CORPORATION

Priority: Substantive, Nonsignificant

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

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: No

[[Page 30842]]

Government Levels Affected: None

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

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

RIN: 1545-BB28
_______________________________________________________________________

2644. EXTENSION OF TIME FOR FILING RETURNS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6081

CFR Citation: 26 CFR 1; 26 CFR 25; 26 CFR 31; 26 CFR 53; 26 CFR 55; 26 
CFR 156; ...

Legal Deadline: None

Abstract: This regulation will amend the section 6081 regulations to 
remove the signature requirement for Form 8809, Request for Extension 
of Time to File Information Returns. This will enable filers of 
information returns to request an extension of time to file using an 
online version of the Form 8809.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-107618-02
Drafting attorney: Charles A. Hall (202) 622-4940
Reviewing attorney: Judith Wall (202) 622-4940
Treasury attorney: John Parcell (202) 622-2578
CC:PA:APJP

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

RIN: 1545-BB29
_______________________________________________________________________

2645. 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 proposed regulations would provide additional guidance 
under section 482 regarding the treatment of services.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-146893-02
Drafting attorney: Douglas L. Giblen (202) 874-1490
Reviewing attorney: John M. Breen (202) 874-1490
Treasury attorney: Rocco Femia (202) 622-1755
CC:INTL

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

RIN: 1545-BB31
_______________________________________________________________________

2646. PREPARER PENALTIES--SIGNATURE REQUIREMENT AND COPIES OF RETURNS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6107; 26 USC 6061; 26 USC 6695; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations facilitate electronic filing by tax return 
preparers. The existing regulations, which contain references to 
manually signed returns, have resulted in uncertainty over whether 
preparers must produce manually signed, paper copies of returns for 
taxpayers and the preparer's records. The regulations clarify that 
preparers may avoid paper copies by retaining and furnishing to 
taxpayers copies of returns in electronic or digital format prescribed 
by the Commissioner.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-141659-02
Drafting attorney: Richard C. Grosenick (202) 622-7940
Reviewing attorney: Stuart Spielman (202) 622-7940
CC:PA:APJP

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

Related RIN: Related To 1545-AW52, Related To 1545-AW83, Related To 
1545-AT23, Related To 1545-AL49
RIN: 1545-BB34
_______________________________________________________________________

2647. FRACTIONAL PARTS OF A DOLLAR

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7504

CFR Citation: 26 CFR 1; 26 CFR 301

Legal Deadline: None

Abstract: These proposed regulations will authorize the Internal 
Revenue Service (IRS) to round figures when transcribing amounts from 
forms into the IRS's databases.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-147965-02
Drafting attorney: Marcy W. Mendelsohn (202) 622-4940
Reviewing attorney: Charles A. Hall (20) 622-4940
Treasury attorney: Julian Kim (202) 622-1981
CC:PA:APJP

Agency Contact: Marcy W. Mendelsohn, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224

[[Page 30843]]

Phone: 202 622-4940

Related RIN: Related To 1545-BB42
RIN: 1545-BB35
_______________________________________________________________________

2648. [bull] 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                            08/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

2649. [bull] INVESTMENT ADJUSTMENT RULES AND WAIVER OF LOSS CARRYOVERS 
FROM SRLY YEARS--AMENDED

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 1502

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Regulation to allow a group to revoke an election under 
regulations section 1.1502-32(b)(4), where such election has become 
unnecessary as a result of regulations section 1.1502-20T(i)(2).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-152524-02
Drafting attorney: Jeffrey B. Fienberg (202) 622-7930
Reviewing attorney: Alison G. Burns (202) 622-7700
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC:CORP

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

Related RIN: Related To 1545-BB39
RIN: 1545-BB38
_______________________________________________________________________

2650. [bull] INVESTMENT ADJUSTMENT RULES AND WAIVER OF LOSS CARRYOVERS 
FROM SRLY YEARS--AMENDED (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 1502

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Regulation to allow a group to revoke an election under 
regulations section 1.1502-32(b)(4), where such election has become 
unnecessary as a result of regulations section 1.1502-20T(i)(2).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-152524-02
Drafting attorney: Jeffrey B. Fienberg (202) 622-7930
Reviewing attorney: Alison G. Burns (202) 622-7700
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC:CORP

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

Related RIN: Related To 1545-BB38
RIN: 1545-BB39
_______________________________________________________________________

2651. [bull] AMENDMENT TO SECTION 6724 RELATING TO FAILURE TO FILE 
CORRECT INFORMATION RETURNS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6724

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Amended regulations to provide an electronic alternative 
procedure as to when the filing of a correction is considered prompt 
for purposes of section 6724.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-141669-02
Drafting attorney: Robert A. Desilets (202) 622-4910
Reviewing attorney: John J. McGreevy (202) 622-4910
Treasury attorney: Julian Kim (202) 622-1981
CC:PA:APJP

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

RIN: 1545-BB41
_______________________________________________________________________

2652. [bull] HAND CARRYING RETURNS (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6091

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This temporary regulation provides guidance to taxpayers 
under section 6091 of the Code regarding the place of filing for hand-
carried returns. The regulations reflect the changes in

[[Page 30844]]

organizational structure of the IRS that may affect where taxpayers may 
file hand-carried returns.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulations           06/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

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

Related RIN: Related To 1545-BB00
RIN: 1545-BB45
_______________________________________________________________________

2653. [bull] ADMINISTRATIVE SIMPLIFICATION OF 481(A) ADJUSTMENT PERIODS 
IN VARIOUS REGULATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

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

RIN: 1545-BB47
_______________________________________________________________________

2654. [bull] ELECTION OUT GENERATION-SKIPPING TRANSFER TAX (GST) DEEMED 
ALLOCATIONS

Priority: Info./Admin./Other

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

CFR Citation: 26 CFR 601

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

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

RIN: 1545-BB54
_______________________________________________________________________

2655. [bull] SUBSTITUTE DIVIDEND PAYMENTS IN SECURITIES LENDING AND 
SIMILAR TRANSACTIONS

Priority: Substantive, Nonsignificant

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

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: No

Government Levels Affected: Federal

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

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

RIN: 1545-BB56
_______________________________________________________________________

2656. [bull] SPECIAL DEPRECIATION ALLOWANCE

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation provides guidance under sections 168 and 
1400L(b) regarding special deprecations allowance.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-157164-02

[[Page 30845]]

Drafting attorney: Douglas Kim (202) 622-3110
Reviewing attorney: Kathleen Reed (202) 622-3110
Treasury attorney: George Manuso (202) 622-1335
CC:PSI

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

RIN: 1545-BB57
_______________________________________________________________________

2657. [bull] DEEMED IRAS IN QUALIFIED RETIREMENT PLANS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 408

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-157302-02
Drafting attorney: Linda C. Phillips (202) 622-6090
Reviewing attorney: Janet Laufer (202) 622-6090
Treasury attorney: Tom Reeder (202) 622-1341
CC:TEGE

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

RIN: 1545-BB58
_______________________________________________________________________

2658. [bull] DEEMED IRAS IN QUALIFIED RETIREMENT PLANS (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 408(q)

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

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

RIN: 1545-BB59
_______________________________________________________________________

2659. [bull] LOSS LIMITATION RULES--G U REPEAL

Priority: Substantive, Nonsignificant

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

CFR Citation: 26 CFR 1; 26 CFR 602

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Federalism:  Undetermined

Additional Information: REG-157711-02
Drafting attorney: Lola L. Johnson (202) 622-7550
Reviewing attorney: Charles M. Whedbee (202) 622-7550
CC:CORP

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

RIN: 1545-BB61
_______________________________________________________________________

2660. [bull] SAFE HARBOR LEASING SECOND INTEREST CAPITALIZATION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 263A(f)

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation clarifies treatment under Internal Revenue 
Code section 263A(f) of interest expense incurred in connection with 
safe harbor leases under former section 168(f)(8).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-148399-02
Drafting attorney: Grant D. Anderson (202) 622-4970
Reviewing attorney: Donna Crisalli (202) 622-4800
CC:ITA

Agency Contact: Grant D. Anderson, Attorney-Advisor, Department of the

[[Page 30846]]

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4970
Fax: 202 622-6316

Related RIN: Related To 1545-BB63
RIN: 1545-BB62
_______________________________________________________________________

2661. [bull] SAFE HARBOR LEASING SECOND INTEREST CAPITALIZATION 
(TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 263A(f)

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This temporary regulation clarifies treatment under Internal 
Revenue Code 263A(f) of interest expense incurred in connection with 
safe harbor leases under former section Internal Revenue Code section 
168(f)(8).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulations           12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-148399-02
Drafting attorney: Grant D. Anderson (202) 622-4970
Reviewing attorney: Donna Crissali (202) 622-4800
CC:ITA

Agency Contact: Grant D. Anderson, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4970
Fax: 202 622-6316

Related RIN: Related To 1545-BB62
RIN: 1545-BB63
_______________________________________________________________________

2662. [bull] CONTRIBUTIONS TO PURCHASE CERTAIN RETIREMENT ANNUITIES OR 
CUSTODIAL ACCOUNTS UNDER SECTION 403(B)

Priority: Substantive, Nonsignificant

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

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Governmental Jurisdictions

Government Levels Affected: State, Local, Tribal, Federal

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

Agency Contact: William Bortz, Attorney, Department of the Treasury, 
Internal Revenue Service, 111 Constitution Avenue NW, Washington, DC 
20224
Phone: 202 622-6060

RIN: 1545-BB64
_______________________________________________________________________

2663. [bull] INSTALLMENT OBLIGATIONS

Priority: Substantive, Nonsignificant

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

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Treatment of installment obligations received in exchange for 
section 704(c) property.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Federalism:  Undetermined

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

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

RIN: 1545-BB65
_______________________________________________________________________

2664. [bull] USE OF GOVERNMENT DEPOSITARIES IN CONNECTION WITH TAX UNDER 
THE FEDERAL UNEMPLOYMENT TAX ACT

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805; 26 USC 6302

CFR Citation: 26 CFR 31

Legal Deadline: None

Abstract: Raising the amount of accumulated Federal Unemployment Tax 
Act taxes that a taxpayer may accumulate before being required to 
deposit.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: No

Government Levels Affected: Undetermined

Federalism:  Undetermined

Additional Information: REG-144908-02
Drafting attorney: Heather L. Dostaler (202) 622-8445
Reviewing attorney: Brinton T. Warren (202) 622-4940
Treasury attorney: John Parcell (202) 622-2578
CC:PA:APJP

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

[[Page 30847]]

Phone: 202 622-8445

Related RIN: Related To 1545-BB67
RIN: 1545-BB66
_______________________________________________________________________

2665. [bull] USE OF GOVERNMENT DEPOSITARIES IN CONNECTION WITH TAX UNDER 
THE FEDERAL UNEMPLOYMENT TAX ACT (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 6302

CFR Citation: 26 CFR 31

Legal Deadline: None

Abstract: Raising the amount of accumulated Federal Unemployment Tax 
Act taxes that a taxpayer may accumulate before required to deposit.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: No

Government Levels Affected: Undetermined

Additional Information: REG-144908-02
Drafting attorney: Heather L. Dostaler (202) 622-8445
Reviewing attorney: Brinton T. Warren (202) 622-4940
Treasury attorney: John Parcell (202) 622-2578
CC:PA:APJP

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

Related RIN: Related To 1545-BB66
RIN: 1545-BB67
_______________________________________________________________________

2666. [bull] AVAILABILITY OF SECTION 338(H)(10) ELECTION IN MULTISTEP 
TRANSACTIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 338; 26 USC 368

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation concerns whether a section 338(h)(10) 
election should suspend application of the step transaction doctrine.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-143679-02
Drafting attorneys: Daniel F. Heins (202) 622-7930 and Mary E. Goode 
(202) 622-7930
Reviewing attorney: Reginald Mombrun (202) 622-7930
CC:CORP

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

Mary E. Goode, Attorney-Advisor, Department of the Treasury, Internal 
Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224
Phone: 202 622-7930

Related RIN: Related To 1545-BB78
RIN: 1545-BB68
_______________________________________________________________________

2667. [bull] STATUTORY OPTIONS (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation concerning the transfer of stock pursuant to 
an incentive stock option and options granted under an employee stock 
option plan are effective for an option granted on or after January 1, 
2004. Taxpayers may rely on these proposed regulations when they are 
published in the Federal Register.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulations           12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-122917-02
Drafting attorney: Erinn M. Madden (202) 622-6030
Reviewing attorney: Robert Misner (202) 622-6030
Treasury attorney: Elizabeth Drigotas (202) 622-1332
CC:TEGE

Agency Contact: Erinn M. Madden, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-6030

Related RIN: Related To 1545-BA75
RIN: 1545-BB69
_______________________________________________________________________

2668. [bull] LIQUIDATION OF AN INTEREST

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 2704(b)

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

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

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

RIN: 1545-BB71

[[Page 30848]]

_______________________________________________________________________

2669. [bull] QUALIFIED INTERESTS

Priority: Info./Admin./Other

Legal Authority: 26 USC 2702

CFR Citation: 26 CFR 25

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

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

RIN: 1545-BB72
_______________________________________________________________________

2670. [bull] REAL ESTATE MORTGAGE INVESTMENT CONDUITS; APPLICATION OF 
SECTION 446 WITH RESPECT TO INDUCEMENT FEES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 446; 26 USC 860

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The proposed regulations provide guidance on the proper 
timing of income from the receipt of fees to induce the purchase of 
noneconomic residual interests in Real Estate Mortgage Investment 
Conduits (REMICs). The proposed regulations require that these REMIC 
inducement fees may no longer be taken into account currently upon 
receipt. Instead, the proposed regulations require that these 
inducement fees be taken into account over a period that is related to 
the period during which the applicable REMIC is expected to generate 
taxable income or net loss allocable to the holder of the noneconomic 
residual interest. The proposed regulations also provide several safe 
harbor methods of accounting for these inducement fees. The regulations 
will be issued at 26 CFR section 1.446-6, as applicable.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-162625-02
Drafting attorney: John W. Rogers, III (202) 622-3950
Reviewing attorney: Santina M. Jannotta (202) 622-3930
CC:FIP

Agency Contact: John W. Rogers, III, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3950

Related RIN: Related To 1545-BB74
RIN: 1545-BB73
_______________________________________________________________________

2671. [bull] REAL ESTATE MORTGAGE INVESTMENT CONDUITS; APPLICATION OF 
SECTION 446 WITH RESPECT TO INDUCEMENT FEES (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 446; 26 USC 860

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The temporary regulations provide guidance on the proper 
timing of income from the receipt of fees to induce the purchase of 
noneconomic residual interests in Real Estate Mortgage Investment 
Conduits (REMICs). The temporary regulations require that these REMIC 
inducement fees may no longer be taken into account currently upon 
receipt. Instead, the temporary regulations require that these 
inducement fees be taken into account over a period that is related to 
the period during which the applicable REMIC is expected to generate 
taxable income or net loss allocable to the holder of the noneconomic 
residual interest. The temporary regulations also provide several safe 
harbor methods of accounting for these inducement fees. The regulations 
will be issued at 26 CFR section 1.446-6T, as applicable.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulations           12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-162625-02
Drafting attorney: John W. Rogers, III (202) 622-3950
Reviewing attorney: Santina M. Jannotta (202) 622-3930
CC:FIP

Agency Contact: John W. Rogers, III, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3950

Related RIN: Related To 1545-BB73
RIN: 1545-BB74
_______________________________________________________________________

2672. [bull] COLLECTED EXCISE TAXES; DUTIES OF COLLECTOR

Priority: Substantive, Nonsignificant

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

CFR Citation: 26 CFR 40; 26 CFR 49

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-163909-02
Drafting attorney: Patrick S. Kirwan (202) 622-3130

[[Page 30849]]

Reviewing attorneys: Frank K. Boland (202) 622-3130 and Phillip Howard 
(202) 622-3000
Treasury attorney: John Parcell (202) 622-2578
CC:PSI

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

Related RIN: Related To 1545-BB76
RIN: 1545-BB75
_______________________________________________________________________

2673. [bull] GUIDANCE ON LIFE INSURANCE AND ANNUITY CONTRACTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 817

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The proposed regulation modifies the existing section under 
26 U.S.C. 817(h) relating to guidance on life insurance and annuity 
contracts.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-163974-02
Drafting attorney: James Polfer (202) 622-3970
Reviewing attorney: Donald Drees, Jr.(202) 622-3970
CC:FIP

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

RIN: 1545-BB77
_______________________________________________________________________

2674. [bull] CORPORATE REORGANIZATIONS; CONTINUITY--TRANSFERS OF ASSETS 
OR STOCK FOLLOWING A REORGANIZATION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

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

Related RIN: Related To 1545-BB81
RIN: 1545-BB80
_______________________________________________________________________

2675. [bull] CORPORATE REORGANIZATIONS; CONTINUITY--TRANSFERS OF ASSETS 
OR STOCK FOLLOWING A REORGANIZATION (TEMPORARY)

Priority: Routine and Frequent

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulations           12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

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

Related RIN: Related To 1545-BB80
RIN: 1545-BB81
_______________________________________________________________________

2676. [bull] NOTIONAL PRINCIPAL CONTRACTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 446

CFR Citation: 26 CFR 1; 26 CFR 602

Legal Deadline: None

Abstract: These proposed regulations relate to the character and the 
inclusion into income and deduction of contingent nonperiodic payments 
made pursuant to a notional principal contract.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-166012-02
Drafting attorney: Kathleen Sleeth (202) 622-3290
Reviewing attorney: Elizabeth Handler (202) 622-3290
Treasury attorney: Viva Hammer (202) 622-0869

[[Page 30850]]

CC:FIP

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

RIN: 1545-BB82
_______________________________________________________________________

2677. [bull] ASSUMPTION OF PARTNERSHIP LIABILITIES (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These temporary regulations enact section 358(b) for 
partnerships for the period between October 18, 1999, and the 
publication of the companion proposed regulations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulations           12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-106736-00
Drafting attorney: Horace W. Howells (202) 622-3050
Reviewing attorney: Dianna Miosi (202) 622-3050
Treasury attorney: Deborah Harrington (202) 622-1788
CC:PSI

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

Related RIN: Related To 1545-AX93
RIN: 1545-BB83
_______________________________________________________________________

2678. [bull] REMIC RESIDUALS--TIMING OF INCOME FOR FOREIGN HOLDERS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 860G(b); 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations under 26 U.S.C. 860G(b) provide that if the 
holder of the REMIC residual interest is a foreign person, amounts 
inducible in the gross income of the holder shall be taken into account 
for each day during the taxable year on which the foreign person held 
the interest.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: No

Government Levels Affected: Undetermined

Federalism:  Undetermined

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

Agency Contact: Arturo Estrada, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3900

RIN: 1545-BB84
_______________________________________________________________________

2679. [bull] TRANSFEROR OR TRANSFEREE AS A PREDECESSOR OR SUCCESSOR

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 355; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations under section 355(e) sets forth whether a 
transferor or transferee will be treated as a predecessor or successor 
for purposes of section 355(e).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-145535-02
Drafting attorney: Krishna P. Vallabhaneni (202) 622-7550
Reviewing attorney: Charles Whedbee (202) 622-7550
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC:CORP

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

RIN: 1545-BB85
_______________________________________________________________________

2680. [bull] DEPENDENT CARE CREDIT

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 21; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The notice of proposed rulemaking will amend existing but 
partially obsolete regulations under 26 U.S.C. 21.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-139059-02
Drafting attorney: Warren M. Joseph (202) 622-4920
CC:ITA

Agency Contact: Warren M. Joseph, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4920

RIN: 1545-BB86
_______________________________________________________________________

2681. [bull] GUIDANCE UNDER SECTION 368 REGARDING RESTRICTED STOCK

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

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 368; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The notice of proposed rulemaking concerns how qualification 
of a corporate acquisition as a tax-free

[[Page 30851]]

reorganization under section 368 of the Internal Revenue Code is 
affected by employee-shareholders' receipt of restricted stock of the 
acquiring corporation. Restricted stock is typically stock that the 
employee cannot sell and may forfeit, unless the employee works for the 
acquiring corporation for a certain number of years.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: No

Government Levels Affected: Undetermined

Federalism:  Undetermined

Additional Information: REG-140313-02
Drafting attorney: Stephen R. Cleary (202) 622-7530
Reviewing attorney: Mark S. Jennings (202) 622-7750
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC:CORP

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

RIN: 1545-BB87
_______________________________________________________________________

2682. [bull] DETERMINATION OF SINGLE-SUM DISTRIBUTIONS FROM CASH BALANCE 
PLANS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations will modify the rules for the determination 
of minimum single-sum distributions from cash balance pension plans.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Organizations

Government Levels Affected: None

Additional Information: REG-168897-02
Drafting attorney: Linda S.F. Marshall (202) 622-6090
Reviewing attorney: Marjorie Hoffman (202) 622-6030
Treasury attorney: Elizabeth Drigotas (202) 622-1332
CC:TEGE

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

RIN: 1545-BB93
_______________________________________________________________________

2683. [bull] ACCRUAL FOR CERTAIN REMIC REGULAR INTERESTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The proposed regulations provide guidance on the accrual of 
original issue discount on certain REMIC regular interests.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-108637-03
Drafting attorney: Rebecca E. Asta (202) 927-6716
CC:FIP

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

RIN: 1545-BB94
_______________________________________________________________________

2684. [bull] MISCELLANEOUS CHANGES TO COLLECTION DUE PROCESS PROCEDURES 
RELATING TO NOTICE AND OPPORTUNITY FOR HEARING UPON FILING OF NOTICE OF 
LIEN

Priority: Routine and Frequent

Legal Authority: 26 USC 6320; 26 USC 6330

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: The IRS is revising the regulations that apply to Collection 
Due Process (CDP) and equivalent hearings under section 6320 involving 
Federal tax liens.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-150088-02
Drafting attorney: Jerome D. Sekula (202) 622-3610
Reviewing attorney: Alan Levine (202) 622-3610
CC:PA:CBS

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

RIN: 1545-BB96
_______________________________________________________________________

2685. [bull] MISCELLANEOUS CHANGES TO COLLECTION DUE PROCESS PROCEDURES 
RELATING TO HEARINGS BEFORE LEVY

Priority: Routine and Frequent

Legal Authority: 26 USC 6330

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: The IRS is revising the regulations that apply to Collection 
Due Process (CDP) and equivalent hearings under section 6330 involving 
Federal tax levies.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-150091-02
Drafting attorney: Jerome D. Sekula (202) 622-3610
CC:PA:CBS

Agency Contact: Jerome D. Sekula, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service,

[[Page 30852]]

1111 Constitution Avenue NW, Washington, DC 20224
Phone: 202 622-3610

RIN: 1545-BB97
_______________________________________________________________________

2686. [bull] COMPUTATION OF TAX ATTRIBUTES

Priority: Routine and Frequent

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The proposed regulations under section 108 (and section 1017) 
will clarify: 1) the computation of tax attributes subject to reduction 
due to cancellation of indebtedness income (COD income) under section 
108(c)(j)(6), (B), (C); and 2) that even in a section 381 transaction, 
all of a taxpayer's tax attributes, including basis, are subject to 
reduction.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-113112-03
Drafting attorney: Theresa M. Kolish (202) 622-7930
Reviewing attorney: Steve Hankin (202) 622-7930
CC:CORP

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

RIN: 1545-BB98
_______________________________________________________________________

2687. [bull] DISTRIBUTIONS OF LOSS CORPORATION STOCK BY QUALIFIED PLANS 
(TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 382(m)

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Under current regulations, distributions of loss corporation 
stock from a qualified trust to its beneficiaries can cause an 
ownership change, triggering the limitation on losses of section 382 of 
the Internal Revenue Code. This regulation would reduce the negative 
impact of many such distributions by providing a ``tacking rule'' that 
would treat distributed stock as having been acquired by the 
beneficiary in the time and manner acquired by the trust.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulations           12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-108676-03
Drafting attorney: Martin T. Huck (202) 622-7228
Reviewing attorney: Mark Jennings (202) 622-7228
CC:CORP

Agency Contact: Martin T. Huck, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-7228

RIN: 1545-BB99
_______________________________________________________________________

2688. [bull] DISTRIBUTIONS OF LOSS CORPORATION STOCK BY QUALIFIED PLANS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 382(m)

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Under current regulations, distributions of loss corporation 
stock from a qualified trust to its beneficiaries can cause an 
ownership change, triggering the limitation on losses of section 382 of 
the Internal Revenue Code. This regulation would reduce the negative 
impact of many such distributions by providing a ``talking rule'' that 
would treat distributed stock as having been acquired by the 
beneficiary in the time and manner acquired by the trust.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-108676-03
Drafting attorney: Martin T. Huck (202) 622-7228
Reviewing attorney: Mark Jennings (202) 622-7228
CC:CORP

Agency Contact: Martin T. Huck, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-7228

RIN: 1545-BC00
_______________________________________________________________________

2689. [bull] TAX EXEMPT BOND PARTNERSHIP REPORTING REGULATION 
(TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6031; 26 USC 7805; 26 USC 706

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will state the IRS authority to issue other 
guidance concerning the reporting requirements for Tax Exempt Bond 
Partnerships. The guidance will be issued separately by Revenue 
Procedure.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-115472-03
Drafting attorney: David A. Shulman (202) 622-3080
Reviewing attorney: Jeanne Sullivan (202) 622-3080
Treasury attorney: Deborah Harrington (202) 622-1788
CC:PSI

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

Related RIN: Related To 1545-BC04
RIN: 1545-BC01

[[Page 30853]]

_______________________________________________________________________

2690. [bull] NEW MARKETS TAX CREDIT AMENDMENTS (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 450; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulations           12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

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

Agency Contact: Paul F. Handleman, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3040
Fax: 202 622-4753

RIN: 1545-BC02
_______________________________________________________________________

2691. [bull] NEW MARKETS TAX CREDIT AMENDMENTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 450; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-115471-03
Drafting attorney: Paul F. Handleman (2020 622-3040
Reviewing attorney: Susan Reaman (202) 622-3040
Treasury attorney: Steve Watson (202) 622-1322
CC:PSI

Agency Contact: Paul F. Handleman, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3040
Fax: 202 622-4753

RIN: 1545-BC03
_______________________________________________________________________

2692. [bull] TAX EXEMPT BOND PARTNERSIP REPORTING REGULATION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6031; 26 USC 7805; 26 USC 706

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will state the Services authority to issue 
other guidance concerning the reporting requirements for Tax Exempt 
Bond Partnerships. The guidance will be issued separately by Revenue 
Procedure.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Additional Information: REG-115472-03
Drafting attorney: David A. Shulman (202) 622-3080
Reviewing attorney: Jeanne Sullivan (2020 622-3080
Treasury attorney: Deborah Harrington (202) 622-1788
CC:PSI

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

Related RIN: Related To 1545-BC01
RIN: 1545-BC04
_______________________________________________________________________

2693. [bull] ALLOCATION OF BASIS TO DISTRIBUTEES FOLLOWING A 
REORGANIZATION

Priority: Routine and Frequent

Legal Authority: 26 USC 338; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Amendment to section 1.358-2 of the income tax regulation. 
The proposed regulation will provide the basis allocation methods when 
a distributee exchanges a single class of acquired on different lots 
(different dates and basis) for a single class of stock in a 
reorganization qualifying under section 368.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-116564-03
Drafting attorney: Theresa M. Kolish (202) 622-7930
Reviewing attorney: Reginald Mombrun (202) 622-7930
CC:CORP

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

RIN: 1545-BC05
_______________________________________________________________________

2694. [bull] GENERAL ALLOCATION AND ACCOUNTING REGULATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

[[Page 30854]]

Abstract: This regulation provides rules for the allocation of and 
accounting for bond proceeds for purposes of determining whether bonds 
are private activity bonds under section 141 of the Internal Revenue 
Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: No

Government Levels Affected: State

Federalism:  Undetermined

Additional Information: REG-140379-02
Drafting attorney: Johanna L. Som de Cerff (202) 622-3980
CC:TEGE

Agency Contact: Johanna L. Som de Cerff, Attorney-Advisor, Department 
of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3980
Fax: 202 622-4437

RIN: 1545-BC07
_______________________________________________________________________
Department of the Treasury (TREAS)                     Final Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________

2695. GOLDEN PARACHUTE PAYMENTS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805; 26 USC 280G

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/05/89                    54 FR 19390
NPRM Comment Period End         07/05/89
Hearing                         11/21/89                    54 FR 39548
Second NPRM                     02/20/02                     67 FR 7630
Second NPRM Comment Period End  06/05/02
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

Agency Contact: Erinn M. Madden, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-6030

RIN: 1545-AH49
_______________________________________________________________________

2696. 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                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-209042-86 (INTL-610-86)
Drafting attorney: Michael H. Frankel (202) 622-3860
Reviewing attorney: Charlie Besecky (202) 622-3860
CC:INTL

Agency Contact: Michael H. Frankel, Senior Technical Reviewer, 
Department of the Treasury, Internal Revenue Service, 1111 Constitution 
Avenue NW, Washington, DC 20224
Phone: 202 622-3860

RIN: 1545-AK74
_______________________________________________________________________

2697. 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

[[Page 30855]]

Hearing                         03/01/89                     54 FR 1189
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-209039-87 (INTL-491-87)
Drafting attorney: Robert W. Lorence (202) 622-3860
Reviewing attorney: Charles P. Besecky (202) 622-3860
CC:INTL

Agency Contact: Robert W. Lorence, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3860
Fax: 202 622-4476

RIN: 1545-AK79
_______________________________________________________________________

2698. 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: These regulations relate to branch rules and how to translate 
branch income, the taxation of exchange gain or loss on branch 
remittances.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/25/91                    56 FR 48457
Final Action                    06/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-208270-86 (INTL-965-86)
Drafting attorney: Kenneth P. Christman (202) 622-3870
Reviewing attorney: Jeffrey Dorfman (202) 622-3870
Treasury attorney: Patrick Brown (202) 622-1754
CC:INTL

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

RIN: 1545-AM12
_______________________________________________________________________

2699. EARNINGS STRIPPING PAYMENTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation addresses the deductibility of interest under 
section 163 being limited when paid by a corporation to related persons 
not subject to U.S. tax.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/18/91                    56 FR 27907
Hearing                         09/25/91
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-209059-89 (INTL-870-89)
Drafting attorney: Theodore Setzer (202) 622-3870
Reviewing attorney: Jeffrey L. Dorfman (202) 622-3870
CC:INTL

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

RIN: 1545-AO24
_______________________________________________________________________

2700. 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                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

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

RIN: 1545-AP33
_______________________________________________________________________

2701. INTEREST-FREE ADJUSTMENTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 6205

CFR Citation: 26 CFR 31

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/10/92                    57 FR 58423
NPRM Comment Period End         02/08/93
Final Action                    12/00/03

[[Page 30856]]

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

Agency Contact: Karin Loverud, Tax Law Specialist, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-6060

RIN: 1545-AQ61
_______________________________________________________________________

2702. DEFINITION OF ``HIGHLY COMPENSATED EMPLOYEE''

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 414

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/19/88                     53 FR 4999
NPRM Comment Period End         04/19/88
Partially Closed by TD 8548     06/27/94                    59 FR 32911
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: State, Local

Federalism:  Undetermined

Additional Information: REG-209558-92
Drafting attorney: R. Lisa Mojiri-Azad (202) 622-6080
Reviewing attorney: Marjorie Hoffman (202) 622-6030
Treasury attorney: W. Thomas Reeder (202) 622-1341
CC:TEGE

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

RIN: 1545-AQ74
_______________________________________________________________________

2703. ESCROW FUNDS AND OTHER SIMILAR FUNDS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 0468B

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation provides further guidance relating to certain 
escrow funds and other similar funds.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/01/99                     64 FR 4801
NPRM Comment Period End         05/03/99
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-209619-93 (IA-17-93)
Drafting attorney: A. Katharine Kiss (202) 622-4930
Reviewing attorney: Jeffery G. Mitchell (202) 622-4930
CC:ITA

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

RIN: 1545-AR82
_______________________________________________________________________

2704. MARK-TO-MARKET UPON DISPOSITION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 475

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/04/95                      60 FR 397
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-209724-94 (FI-42-94)
Drafting attorney: Stephen J. Coleman (202) 622-3060
Reviewing attorney: Al Kraft (202) 622-3920
CC:FIP
Sections 1.475(a)-3 finalized in TD 8700. Sections 1.475(b)-4 finalized 
in TD 8700. Sections 1.475(c)-2 finalized in TD 8700.

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

RIN: 1545-AS85
_______________________________________________________________________

2705. 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 holds equity swaps to be straddles.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/02/95                    60 FR 21482
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

[[Page 30857]]

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-209768-95 (FI-21-95)
Drafting attorney: Mary Truchly (202) 622-3960
Reviewing attorney: Christina Morrison (202) 622-3960
CC:FIP

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

RIN: 1545-AT46
_______________________________________________________________________

2706. AGREEMENTS FOR PAYMENT OF TAX LIABILITIES IN INSTALLMENTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6159; 26 USC 7805

CFR Citation: 26 CFR 301

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/31/97                    62 FR 68241
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

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

RIN: 1545-AU97
_______________________________________________________________________

2707. DEFINITION OF ``PRIVATE ACTIVITY BONDS'' ALLOCATION AND ACCOUNTING 
REGULATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 141; 26 USC 142; 26 USC 145; 26 
USC 148; 26 USC 150

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations will provide general allocation and 
accounting rules for purposes of applying the private activity bond 
tests to tax-exempt bonds issued by State and local governments.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/30/94                    59 FR 67658
NPRM Comment Period End         05/01/95
Final Action                    06/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-101563-97
Drafting attorney: Bruce M. Serchuk (202) 622-3980
CC:TEGE

Agency Contact: Bruce M. Serchuk, Senior Technician Reviewer, 
Department of the Treasury, Internal Revenue Service, 1111 Constitution 
Avenue NW, Washington, DC 20224
Phone: 202 622-3980
Fax: 202 622-4437

RIN: 1545-AU98
_______________________________________________________________________

2708. RETURN OF LEVIED PROPERTY IN CERTAIN CASES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: Section 501(b) of the Taxpayer Bill of Rights 2 amended 
section 6343 of the Internal Revenue Code to authorize the Secretary to 
return levied property in four enumerated circumstances. Section 
1102(d)(1)(B) of RRA 98 changed ``Taxpayer Advocate'' to ``National 
Taxpayer Advocate'' as a person who determines what is in the best 
interest of the taxpayer. The regulations set forth the circumstances 
in which the Secretary may return property and procedures to implement 
these sections.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/14/01                    66 FR 10249
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-101520-97
Drafting attorney: Kevin B. Connelly (202) 622-3630
Reviewing attorney: Robert Miller (202) 622-3630
Treasury attorney: Rita Cavanagh (202) 622-1981
CC:PA:CBS

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

RIN: 1545-AV01
_______________________________________________________________________

2709. ELECTRONIC TRANSMISSION OF WITHHOLDING CERTIFICATES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 6061; 26 USC 1441

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation provides guidance for the electronic 
transmission of withholding certificates.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/14/97                    62 FR 53504
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

[[Page 30858]]

CC:INTL

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

RIN: 1545-AV27
_______________________________________________________________________

2710. INTEREST ON EDUCATION LOANS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 221; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation provides guidance on the deduction of 
interest on education loans under section 221.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/21/99                     64 FR 3257
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-116826-97
Drafting attorney: Kelly M. Davidson (202) 622-5020
Drating attorney: Donna Crisalli (202) 622-5020
CC:ITA

Agency Contact: Kelly M. Davidson, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-5020

RIN: 1545-AW01
_______________________________________________________________________

2711. MARK-TO-MARKET ACCOUNTING FOR DEALERS IN COMMODITIES AND TRADERS 
IN SECURITIES AND COMMODITIES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 475; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation provides guidance concerning mark-to-market 
accounting for securities traders and commodities dealers and traders.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/28/99                     64 FR 4374
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-104924-98
Drafting attorney: Stephen J. Coleman (202) 622-3060
Reviewing attorney: Robert Williams (202) 622-3960
CC:FIP

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

RIN: 1545-AW06
_______________________________________________________________________

2712. INTERCOMPANY OBLIGATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 1502; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulation provides clarification of the tax treatment of 
certain transfers of intercompany obligations by or to a member of a 
consolidated group.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/18/98                    63 FR 70354
NPRM Comment Period End         03/22/99
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-105964-98
Drafting attorney: Frances Kelly (202) 622-7700
Reviewing attorney: Michael J. Wilder (202) 622-7750
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC:CORP

Agency Contact: Frances Kelly, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-7770

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

2713. GUIDANCE UNDER SUBPART F RELATING TO CERTAIN HYBRID TRANSACTIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 954

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations provide guidance on the treatment under 
subpart F of certain payments involving branches of a CFC that are 
treated as separate entities for foreign tax purposes or partnerships 
in which CFCs are partners.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/13/99                    64 FR 37727
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

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

RIN: 1545-AW63
_______________________________________________________________________

2714. REPORTING OF PAYMENTS TO ATTORNEY

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 6045

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulation provides information reporting requirements 
for

[[Page 30859]]

payments of gross proceeds made in the course of a trade or business to 
attorneys in connection with legal services.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/21/99                    64 FR 27730
Second NPRM                     05/17/02                    67 FR 35064
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-126024-01
Drafting attorney: Nancy L. Rose (202) 622-4910
Reviewing attorney: James C. Gibbons (202) 622-4910
Treasury attorney: Michael Novey (202) 622-1339
CC:PA:APJP

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

RIN: 1545-AW72
_______________________________________________________________________

2715. QUALIFIED OFFERS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation relates to the qualified offer rule allowing 
the recovery of reasonable administrative or litigation costs.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/04/01                      66 FR 749
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-121928-98
Drafting attorney: Tami C. Belouin (202) 622-7940
Reviewing attorneys: Henry Schneiderman (202) 622-7820 and Susan T. 
Mosley (202) 622-7940
Treasury attorney: Julian Kim (202) 622-1981
CC:PA:APJP

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

RIN: 1545-AW99
_______________________________________________________________________

2716. ALLOCATION OF RESEARCH CREDIT

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 41

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will provide guidance on the proper method of 
computing the research credit for a controlled group and the allocation 
of the research credit among members of the controlled group.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/04/00                      65 FR 258
Public Hearing                  04/26/00
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-105606-99
Drafting attorney: Jolene J. Shiraishi (202) 622-3120
Reviewing attorney: Joseph H. Makurath (202) 622-3120
Treasury attorney: Julian Kim (202) 622-1981
CC:PSI

Agency Contact: Jolene J. Shiraishi, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20044
Phone: 202 622-3120

Related RIN: Related To 1545-BA88
RIN: 1545-AX05
_______________________________________________________________________

2717. DELAY RENTAL PAYMENTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 263

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations clarify that section 1.612-3(c) applies to 
delay rental payments to the extent that section 263A does not require 
the payments to be capitalized.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/08/00                     65 FR 6090
Public Hearing                  05/26/00
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-103882-99
Drafting attorney: Brenda M. Stewart (202) 622-3120
Reviewing attorney: J.H. Makurath (202) 622-3120
Treasury attorney: John Parcell (202) 622-2578
CC:PSI

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

RIN: 1545-AX06
_______________________________________________________________________

2718. GUIDANCE ON COST RECOVERY IN THE ENTERTAINMENT INDUSTRY

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/31/02                    67 FR 38025
Final Action                    06/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-103823-99
Drafting attorney: Bernard P. Harvey, III (202) 622-3110
Reviewing attorney: Charles B. Ramsey (202) 622-3110

[[Page 30860]]

Treasury attorney: George Manousos (202) 622-0865
CC:PSI

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

RIN: 1545-AX12
_______________________________________________________________________

2719. ALLOCATING BASIS ADJUSTMENTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 755; 26 USC 1060

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations will provide rules for determining the fair 
market value of partnership assets for the purpose of allocating basis 
adjustments under sections 732(d), 734(b), and 743(b) among partnership 
assets under section 755, using the residual method of section 1060 of 
the Internal Revenue Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/05/00                    65 FR 17829
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-107872-99
Drafting attorney: Craig A. Gerson (202) 622-3050
Reviewing attorney: Matthew Lay (202) 622-3060
Treasury attorney: Deborah Harrington (202) 622-1788
CC:PSI

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

Related RIN: Related To 1545-BA32
RIN: 1545-AX18
_______________________________________________________________________

2720. GUARANTEED INVESTMENT CONTRACTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations will revise the special rules for 
guaranteed investment contracts.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/27/99                    64 FR 46876
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: State, Local

Additional Information: REG-105565-99
Drafting attorney: Rose M. Weber (202) 622-3980
Reviewing attorney: Rebecca L. Harrigal (202) 622-3980
Treasury attorney: Stephen J. Watson (202) 622-1322
CC:TEGE

Agency Contact: Rose M. Weber, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3980
Fax: 202 622-4437

RIN: 1545-AX22
_______________________________________________________________________

2721. SPECIAL RULES FOR RETROACTIVE PAYMENTS UNDER SECTION 417(A)(7)(A) 
FOR QUALIFIED RETIREMENT PLANS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 417; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/17/01                     66 FR 3916
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

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

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

RIN: 1545-AX34
_______________________________________________________________________

2722. CHANGES IN ENTITY CLASSIFICATION: SPECIAL RULE FOR CERTAIN FOREIGN 
ELIGIBLE ENTITIES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 7701

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: This regulation provides rules relating to certain 
conversions of foreign eligible entities under the entity 
classification rules.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/29/99                    64 FR 66591
Public Hearing                  01/31/00
NPRM Comment Period End         02/28/00
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

Agency Contact: Aaron A. Farmer, Senior Counsel, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224

[[Page 30861]]

Phone: 202 622-3860

RIN: 1545-AX39
_______________________________________________________________________

2723. COMPENSATION DEFERRED UNDER ELIGIBLE SECTION 457(B) PLANS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 457

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/08/02                    67 FR 30826
Public Hearing                  08/29/02                    67 FR 43574
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: No

Government Levels Affected: State, Local

Federalism:  Undetermined

Additional Information: REG-105885-99
Drafting attorney: Cheryl E. Press (202) 622-6060
Reviewing attorney: Robert Patchell (202) 622-6060
Treasury attorney: William Bortz (202) 622-1352
CC:TEGE

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

RIN: 1545-AX52
_______________________________________________________________________

2724. STOCK TRANSFER RULES--CARRYOVER OF EARNINGS AND TAXES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 367

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation provides guidance with respect to how 
earnings and profits and foreign income tax accounts carry over under 
section 381 and are allocated under section 312 in certain transactions 
described in section 367(b) of the Internal Revenue Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/15/00                    65 FR 69138
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-116050-99
Drafting attorney: Mark R. Pollard (202) 622-3850
Reviewing attorney: Anne Devereaux (202) 622-3850
Treasury attorney: Michael Caballero (202) 622-0851
CC:INTL

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

RIN: 1545-AX65
_______________________________________________________________________

2725. 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                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-117608-99
Drafting attorney: David F. Bergkuist (202) 622-3850
Reviewing attorney: Anne O. Devereaux (202) 622-3850
CC:INTL

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

RIN: 1545-AX72
_______________________________________________________________________

2726. HIPAA PORTABILITY

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 9833

CFR Citation: 26 CFR 54

Legal Deadline: None

Abstract: These regulations provide guidance to group health plans 
regarding the limitations on imposing pre-existing condition exclusions 
and the special enrollment rules. These regulations also provide 
guidance regarding plans and benefits that are not subject to these 
rules.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/08/97                    62 FR 16977
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-119828-99
Drafting attorney: Russell Weinheimer (202) 622-6080
Reviewing attorney: Alan Tawshunsky (202) 622-6000
Treasury attorney: Kevin Knopf (202) 622-2329
CC:TEGE

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

RIN: 1545-AX84

[[Page 30862]]

_______________________________________________________________________

2727. DISCLOSURE OF RETURN AND RETURN INFORMATION TO DESIGNEE OF 
TAXPAYER

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6103

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: This regulation finalizes regulations implementing the 
amendment contained in the Taxpayer Bill of Rights II (TBOR II) to 
Internal Revenue Code section 6103(c). TBOR II eliminated the 
requirement for a request or consent for disclosure to be in writing. 
The final regulation, which will be substantially identical to a 
temporary regulation already in effect will permit the Internal Revenue 
Service to disclose returns and return information to a taxpayer's 
designee, pursuant to non-written request for or consent to disclosure. 
The regulation will also provide rules and guidance for consent in an 
electronic environment. Additionally, the regulation will provide 
guidance to Internal Revenue Service personnel to clarify a number of 
issues that have arisen since the regulation was initially promulgated 
in the late 1970s.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/11/01                     66 FR 2373
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-103320-00
Drafting attorney: Joseph E. Conley (202) 622-4580
Reviewing attorney: David Fish (202) 622-4570
Treasury attorney: Eric San Juan (202) 622-0224
CC:PA:DPL

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

RIN: 1545-AX85
_______________________________________________________________________

2728. APPLICATION OF SEPARATE FOREIGN TAX CREDIT LIMITATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 904; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/03/01                      66 FR 319
Final Action                    06/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

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

RIN: 1545-AX88
_______________________________________________________________________

2729. DEFINITION OF INCOME

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 643; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations provide guidance under section 643 of the 
Internal Revenue Code, on whether State law definition of trust income 
is trust income for Federal tax purposes.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/15/01                     66 FR 1039
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Federalism:  Undetermined

Additional Information: REG-106513-00
Drafting attorney: Bradford R. Poston (202) 622-3060
Reviewing attorney: J. Thomas Hines (202) 622-3060
Treasury attorney: Catherine Hughes (202) 622-9407
CC:PSI

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

RIN: 1545-AX96
_______________________________________________________________________

2730. INVESTMENT TYPE PROPERTY (PREPAYMENT)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/25/99                    64 FR 46320
Second NPRM                     04/17/02                    67 FR 18835
Public Hearing                  09/24/02
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: State, Local

Additional Information: REG-105369-00
Drafting attorney: Johanna L. Som de Cerff (202) 622-3980
Reviewing attorney: Rebecca L. Harrigal (202) 622-3980
Treasury attorney: Stephen Watson (202) 622-1322
CC:TEGE
The previous notice of proposed rulemaking (REG-113526-98; 64 FR

[[Page 30863]]

46320), published on August 25, 1999, relating to arbitrage and related 
restrictions applicable to tax-exempt bonds issued by State and Local 
governments, is withdrawn by the second notice of proposed rulemaking 
(REG-105369-00; 67 FR 18835).

Agency Contact: Johanna L. Som de Cerff, Attorney-Advisor, Department 
of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3980
Fax: 202 622-4437

Related RIN: Related To 1545-AW44
RIN: 1545-AY12
_______________________________________________________________________

2731. ELECTING MARK-TO-MARKET FOR MARKETABLE STOCK OF A PFIC

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 1296

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/31/02                    67 FR 49634
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Federalism:  Undetermined

Additional Information: REG-112306-00
Drafting attorney: Alexandra K. Helou (202) 622-3840
Reviewing attorney: Phyllis Marcus (202) 622-3840
CC:INTL

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

RIN: 1545-AY17
_______________________________________________________________________

2732. AUTHORIZED PLACEMENT AGENCY

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 152

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations amend the definition of ``authorized 
placement agency'' (for purposes of determining whether a child placed 
for legal adoption in a taxpayer's home is a dependent of the taxpayer) 
to include biological parents and other persons authorized by State law 
to place children for legal adoption.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/30/00                    65 FR 71277
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-107279-00
Drafting attorney: Elizabeth K. Kaye (202) 622-4910
Reviewing attorney: Pamela W. Fuller (202) 622-4910
CC:PA:APJP

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

RIN: 1545-AY18
_______________________________________________________________________

2733. USE OF TAXPAYER IDENTIFYING NUMBERS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 6109; 26 USC 1445; 26 USC 897

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/26/02                    67 FR 48823
Hearing                         11/13/02                    67 FR 48823
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Federalism:  Undetermined

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

Agency Contact: Robert W. Lorence, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3860
Fax: 202 622-4476

RIN: 1545-AY24
_______________________________________________________________________

2734. DUAL CONSOLIDATED LOSS RECAPTURE EVENTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/01/02                    67 FR 49892
Hearing                         12/03/02                    67 FR 49892
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Federalism:  Undetermined

Additional Information: REG-106879-00
Drafting attorneys: Kathryn T. Holman (202) 622-3860 and Kenneth D. 
Allison (202) 622-3860
Reviewing attorney: Michael H. Frankel (202) 622-3860
CC:INTL

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

Kenneth D. Allison, Attorney-Advisor, Department of the Treasury, 
Internal

[[Page 30864]]

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

RIN: 1545-AY27
_______________________________________________________________________

2735. HIPAA GENERAL NONDISCRIMINATION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 9833

CFR Citation: 26 CFR 54

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/08/01                     66 FR 1435
Final Action                    06/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-114082-00
Drafting attorney: Russell Weinheimer (202) 622-6080
Reviewing attorney: Alan Tawshunsky (202) 622-6000
Treasury attorney: Kevin Knopf (202) 622-2329
CC:TEGE

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

RIN: 1545-AY32
_______________________________________________________________________

2736. HIPAA NONDISCRIMINATION EXCEPTION FOR CHURCH PLANS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 7853

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/10/01                     66 FR 1437
Final Action                    06/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-114083-00
Drafting attorney: Russell Weinheimer (202) 622-6080
Reviewing attorney: Alan Tawnshunsky (202) 622-6000
Treasury attorney: Kevin Knopf (202) 622-2329
CC:TEGE

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

RIN: 1545-AY33
_______________________________________________________________________

2737. HIPAA NONDISCRIMINATION EXCEPTION FOR BONA FIDE WELLNESS PROGRAMS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 9833

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/08/01                     66 FR 1421
Final Action                    06/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-114084-00
Drafting attorney: Russell Weinheimer (202) 622-6080
Reviewing attorney: Alan Tawnshunsky (202) 622-6080
Treasury attorney: Kevin Knopf (202) 622-2329
CC:TEGE

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

RIN: 1545-AY34
_______________________________________________________________________

2738. INFORMATION REPORTING ON CANCELLATION OF INDEBTEDNESS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805; 26 USC 6050

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/13/02                    67 FR 40629
Public Hearing                  10/08/02
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-107524-00
Drafting attorney: Joseph P. Dewald (202) 622-4910
Reviewing attorney: Donna Welch (202) 622-4910
Treasury attorney: Michael Novey (202) 622-1339
CC:PA:APJP

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

RIN: 1545-AY35

[[Page 30865]]

_______________________________________________________________________

2739. RECOGNITION OF GAIN ON CERTAIN DISTRIBUTIONS OF STOCK OR 
SECURITIES IN CONNECTION WITH AN ACQUISITION

Priority: Substantive, Nonsignificant

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

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation provides guidance on section 355(e) of the 
Internal Revenue Code. Section 355(e) provides that a distributing 
corporation will recognize gain on the distribution of stock of a 
controlled corporation if 50 percent of the stock of the distributing 
corporation or controlled corporation is acquired pursuant to a plan 
that includes the distribution.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/26/02                    67 FR 20711
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-163892-01
Drafting attorney: Amber R. Cook (202) 622-7530
Reviewing attorney: Stephen P. Fattman (202) 622-7700
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC:CORP
On January 2, 2001, a notice of proposed rulemaking was published in 
the Federal Register (REG-107566-00; 66 FR 66) under section 355(e) of 
the Internal Revenue Code of 1986. A public hearing regarding those 
proposed regulations was held on May 15, 2001. On August 3, 2001, those 
proposed regulations were published as temporary regulations in the 
Federal Register (REG-107566-00; 66 FR 40590). This regulation 
withdraws the notice of proposed rulemaking that was published on 
January 2, 2001, and provides new rules under section 355(e) of the 
Internal Revenue Code of 1986 by cross-reference to temporary 
regulations published in the same issue of the Federal Register.

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

RIN: 1545-AY42
_______________________________________________________________________

2740. MODIFIED GUARANTEED CONTRACTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 817A

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/03/02                    67 FR 38214
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-248110-96
Drafting attorney: Ann H. Logan (202) 622-3970
Reviewing attorney: Donald J. Drees (202) 622-3970
CC:FIP

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

RIN: 1545-AY48
_______________________________________________________________________

2741. ELECTION--ASSET ACQUISITIONS OF INSURANCE COMPANIES

Priority: Substantive, Nonsignificant

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

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-118861-00
Drafting attorney: Mark Weiss (202) 622-7790
Reviewing attorney: Filiz Serbes (202) 622-7790
Treasury attorney: Audrey Nacamuli (202) 622-0869
CC:CORP

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

RIN: 1545-AY49
_______________________________________________________________________

2742. ELECTRONIC FURNISHING OF PAYEE STATEMENTS

Priority: Substantive, Nonsignificant

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

CFR Citation: 26 CFR 1; 26 CFR 31

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/14/01                    66 FR 10247
NPRM Comment Period End         07/06/01                    66 FR 32279
Public Hearing                  07/25/01                    66 FR 32279
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: State

Additional Information: REG-107186-00
Drafting attorney: Michael E. Hara (202) 622-4910
Reviewing attorney: John McGreevy (202) 622-4910
Treasury attorney: John Parcell (202) 622-2578

[[Page 30866]]

CC:PA:APJP

Agency Contact: Michael E. Hara, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue, 
Washington, DC 20224
Phone: 202 622-4910

RIN: 1545-AY50
_______________________________________________________________________

2743. TAX TREATMENT OF CAFETERIA PLANS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 125

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation provides information about the tax treatment 
of cafeteria plans.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/10/01                     66 FR 1923
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Federal

Additional Information: REG-209461-79
Drafting attorney: Christine Keller (202) 622-6080
Reviewing attorney: Janet A. Laufer (202) 622-6090
CC:TEGE

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

RIN: 1545-AY67
_______________________________________________________________________

2744. QUALIFIED S ELECTION FOR TESTAMENTARY TRUSTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 1361

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These final regulations relate to the qualified subchapter S 
election for testamentary trusts. A testamentary trust may qualify as a 
permitted shareholder of an S corporation for a two-year period 
beginning on the day the stock is transferred to the trust. These 
regulations would provide that the beneficiary of a qualifying 
testamentary trust that also qualifies as a qualified subchapters S 
trust (QSST) may make a QSST election at any time up to the end of the 
16-day-and-2-month period beginning after the two-year qualifying 
period.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/24/01                    66 FR 44565
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-106431-01
Drafting attorney: Deane M. Burke (202) 622-3070
Reviewing attorney: Mary Beth Collins (202) 622-3070
Treasury attorney: Deborah Harrington (202) 622-1788
CC:PSI

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

RIN: 1545-AY76
_______________________________________________________________________

2745. RESEARCH CREDIT III

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 41

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Additional Information: REG-112991-01
Drafting attorney: Nicole R. Cimino (202) 622-3120
Reviewing attorney: Leslie Finlow (202) 622-3120
Treasury attorney: Julian Kim (202) 622-1981
CC:PSI

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

RIN: 1545-AY82
_______________________________________________________________________

2746. TREATMENT OF COMMUNITY INCOME FOR CERTAIN INDIVIDUALS NOT FILING 
JOINT RETURNS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 66

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations will provide guidance on the treatment of 
community income for certain married taxpayers who do not file joint 
tax returns.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/22/02                     67 FR 2841
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-115054-01
Drafting attorney: Robin M. Tuczak (202) 622-4940
Reviewing attorney: Judith M. Wall (202) 622-4940
Treasury attorney: Eric San Juan (202) 622-0224
CC:PA:APJP

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

RIN: 1545-AY83
_______________________________________________________________________

2747. LOW-INCOME TAXPAYER CLINICS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

[[Page 30867]]

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/11/02                    67 FR 39915
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-115285-01
Drafting attorney: Brinton T. Warren (202) 622-4940
Reviewing attorney: Judith M. Wall (202) 622-4940
Treasury attorney: Julian Kim (202) 622-1981
CC:PA:APJP

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

Related RIN: Related To 1545-BA95
RIN: 1545-AY84
_______________________________________________________________________

2748. CHARITABLE LEAD INTEREST

Priority: Substantive, Nonsignificant

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

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/23/02                    67 FR 48070
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

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

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

RIN: 1545-AY86
_______________________________________________________________________

2749. NEW MARKET TAX CREDIT

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 45D; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations relate to the new markets tax credit under 
section 45D, which was enacted by section 121(a) of the Community 
Renewal Tax Relief Act of 2000 (Pub. L. 106-554).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           05/01/01                    66 FR 21844
NPRM                            12/26/01                    66 FR 66376
Public Hearing                  03/14/02
Final Action                    06/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Additional Information: REG-119436-01
Drafting attorney: Paul F. Handleman (202) 622-3040
Reviewing attorney: Susan Reaman (202) 622-3040
Treasury attorney: Steve Watson (202) 622-1322
CC:PSI

Agency Contact: Paul F. Handleman, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3040
Fax: 202 622-4753

RIN: 1545-AY87
_______________________________________________________________________

2750. NET GIFT TREATMENT

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 25

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/22/02                    67 FR 47755
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

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

RIN: 1545-AY91
_______________________________________________________________________

2751. DEFINITION OF AGENT AND SAFEGUARD CERTIFICATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6103

CFR Citation: 26 CFR 301

[[Page 30868]]

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/01/02                     67 FR 4938
NPRM Comment Period End         05/02/02
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: State, Federal, Local

Additional Information: REG-120135-01
Drafting attorney: Helene R. Newsome (202) 622-4570
Reviewing attorney: Donald M. Squires (202) 622-4570
Treasury attorney: Eric San Juan (202) 622-0224
CC:PA:DPL

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

RIN: 1545-AY94
_______________________________________________________________________

2752. TAX SHELTER PENALTIES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6662; 26 USC 6664

CFR Citation: 26 CFR 301

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/31/02                    67 FR 79894
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-126016-01
Drafting attorneys: Jamie G. Bernstein (202) 622-4570
Reviewing attorney: Ashton P. Trice (202) 622-7820
Treasury attorney: Julian Kim (202) 622-1981
CC:PA:APJP

Agency Contact: Jamie G. Bernstein, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-4570
Fax: 202 622-9888

Related RIN: Related To 1545-BB70
RIN: 1545-AY97
_______________________________________________________________________

2753. EXPENDITURES IN CONNECTION WITH THE CREATION OF INTANGIBLE ASSETS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 263

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/19/02                    67 FR 77701
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-125638-01
Drafting attorney: Andrew J. Keyso, Jr. (202) 622-5020
Reviewing attorney: Robert Casey (202) 622-4950
Treasury attorney: Jodi Cohen (202) 622-0160
CC:ITA

Agency Contact: Andrew J. Keyso Jr., Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-5020

RIN: 1545-BA00
_______________________________________________________________________

2754. MERGERS INVOLVING DISREGARDED ENTITIES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 368; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/15/01                    66 FR 57400
Temporary Regulations           01/24/03                     68 FR 3384
Second NPRM                     01/24/03                     68 FR 3477
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-126485-01
Drafting attorneys: Richard M. Heinecke (202) 622-7930
Reviewing attorney: Reginald Mombrum (202) 622-7930
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC:CORP
RIN 1545-BA06 and its corresponding number REG-126485-01 was first 
opened with respect to a proposed regulation that was first published 
in the Federal Register on November 15, 2001. The November 15, 2001, 
proposed regulations were withdrawn by proposed regulations in the 
Federal Register on January 24, 2003. The January 24, 2003, proposed 
regulations with the same REG-126485-01, not only withdrew the November 
15, 2001, proposed regulations but also served as (1) a cross-
referencing proposed regulation to a temporary regulation published in 
the Federal Register on January 24, 2003, and (2) a NPRM.
The temporary regulations also use the REG-126485-01 number. The 
document published with respect to the temporary regulations also serve 
as

[[Page 30869]]

final regulations. The final regulations use RIN 1545-BB46 and REG-
162729-02. Once the temporary regulations were published, the final 
regulations (REG-162729-02; RIN 1545-BB46) were closed.

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

Related RIN: Related To 1545-BB46
RIN: 1545-BA06
_______________________________________________________________________

2755. 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                    12/00/03

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
Reviewing attorney: Al Bishop (202) 622-7930
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC:CORP

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

RIN: 1545-BA09
_______________________________________________________________________

2756. REDUCTIONS OF ACCRUALS AND ALLOCATIONS BECAUSE OF INCREASED AGE

Priority: Substantive, Nonsignificant

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

CFR Citation: 26 CFR 1

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

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses, Organizations

Government Levels Affected: None

Additional Information: REG-209500-86
Drafting attorney: Linda S.F. Marshall (202) 622-6090
Reviewing attorney: Marjorie Hoffman (202) 622-6090
Treasury attorney: Harlan Weller (202) 622-1001
CC:TEGE

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

Related RIN: Related To 1545-BB79
RIN: 1545-BA10
_______________________________________________________________________

2757. PROCUREMENT/PURCHASING CARD REPORTING

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6041; 26 USC 3406; 26 USC 6724

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations provide guidance on the rules relating to 
information reporting, backup withholding, and penalties for 
transactions with payments made with a procurement/purchasing card.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/31/03                     68 FR 4970
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Undetermined

Additional Information: REG-116641-01
Drafting attorney: Donna J. Welch (202) 622-4910
Reviewing attorney: John McGreevy (202) 622-4910
Treasury attorney: John Parcell (202) 622-2578
CC:PA:APJP

Agency Contact: Donna J. Welch, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4910
Fax: 202 927-9248

Related RIN: Related To 1545-BB88
RIN: 1545-BA17
_______________________________________________________________________

2758. RECEIPT OF MULTIPLE NOTICES WITH RESPECT TO INCORRECT TAXPAYER 
IDENTIFICATION NUMBERS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 3406

CFR Citation: 26 CFR 31

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/03/02                    67 FR 44579
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-116644-01
Drafting attorney: Nancy L. Rose (202) 622-4910
Reviewing attorney: Pamela W. Fuller (202) 622-4910

[[Page 30870]]

Treasury attorney: Jodi Cohen (202) 622-0160
CC:PA:APJP

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

RIN: 1545-BA18
_______________________________________________________________________

2759. CATCH-UP CONTRIBUTIONS FOR INDIVIDUALS AGED 50 OR OVER

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations will provide guidance for plans that permit 
individuals aged 50 or over to make catch-up contributions under the 
plan.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/23/01                    66 FR 53555
Public Hearing                  04/30/02                     67 FR 7656
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-142499-01
Drafting attorney: John T. Ricotta (202) 622-6060
Reviewing attorney: Marjorie Hoffman (202) 622-6060
Treasury attorney: Elizabeth Drigotas (202) 622-1332
CC:TEGE

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

RIN: 1545-BA24
_______________________________________________________________________

2760. SPLIT-DOLLAR LIFE INSURANCE

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 7872

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/09/02                    67 FR 95414
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

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

RIN: 1545-BA44
_______________________________________________________________________

2761. AMENDMENT TO THE DEFINITION OF REFUNDING

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/10/02                    67 FR 17310
Final Action                    06/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: State, Local

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

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

RIN: 1545-BA46
_______________________________________________________________________

2762. TREATMENT OF FUNDED WELFARE BENEFIT PLANS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation provides special rules concerning employer 
deductions for contributions to a welfare benefit fund that is part of 
a 10 or more employer plan.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/11/02                    67 FR 45933
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

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

RIN: 1545-BA47
_______________________________________________________________________

2763. LOSS LIMITATION RULES

Priority: Substantive, Nonsignificant

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

CFR Citation: 26 CFR 1; 26 CFR 602

Legal Deadline: None

Abstract: The regulation provides guidance on the treatment of certain 
losses recognized on sales of subsidiary

[[Page 30871]]

stock by members of a consolidated group under section 337(d) and 
section 1502 of the Internal Revenue Code. For related matters, see the 
proposed regulations published on March 12, 2002, at 67 FR 11070 
regarding REG-102740-02.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/31/02                    67 FR 38040
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-123305-02
Drafting attorney: Lola L. Johnson (202) 622-7550
Reviewing attorney: Sean P. Duffley (202) 622-7530
CC:CORP

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

Related RIN: Related To 1545-BA51, Related To 1545-BA74
RIN: 1545-BA52
_______________________________________________________________________

2764. NONCOMPENSATORY PARTNERSHIP OPTIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 704; 26 USC 721; 26 USC 761

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulation will describe the tax treatment of 
noncompensatory partnership options.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/22/03                     68 FR 2930
Public Hearing                  05/20/03
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Federalism:  Undetermined

Additional Information: REG-103580-02
Drafting attorney: Audrey W. Ellis (202) 622-3060
Reviewing attorneys: Matthew Lay (202) 622-3060
Treasury attorney: Deborah Harrington (202) 622-1788
CC:PSI

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

RIN: 1545-BA53
_______________________________________________________________________

2765. COMPENSATORY STOCK OPTIONS UNDER SECTION 482

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

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805; 26 USC 482

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/29/02                    67 FR 48997
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

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

RIN: 1545-BA57
_______________________________________________________________________

2766. MODIFICATION OF CHECK THE BOX REGULATIONS (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1; 26 CFR 301

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: Undetermined

Federalism:  Undetermined

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

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

RIN: 1545-BA58
_______________________________________________________________________

2767. REQUIRED DISTRIBUTIONS FROM RETIREMENT PLANS

Priority: Substantive, Nonsignificant

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

CFR Citation: 26 CFR 1

Legal Deadline: None

[[Page 30872]]

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/17/02                    67 FR 18834
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

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

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

2768. CARRYBACK OF CONSOLIDATED NET OPERATING LOSSES TO SEPARATE RETURN 
YEARS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 1502

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulation will harmonize the waiver election in 
regulations section 1.1502-21(b)(3) with the amendments to IRC 172(b) 
with the Job Creation and Worker Assistance Act of 2002.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/31/02                    67 FR 38039
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-122564-02
Drafting and reviewing attorney: Marie C. Milnes-Vasquez (202) 622-7750
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC:CORP

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

Related RIN: Related To 1545-BA76
RIN: 1545-BA73
_______________________________________________________________________

2769. CONTROLLED FOREIGN PARTNERSHIP REPORTING

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

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805; 26 USC 6038

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will provide guidance regarding controlled 
foreign partnership reporting.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/23/02                    67 FR 78202
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-124069-02
Drafting attorney: Tasheaya Warren Ellison (202) 622-3860
Reviewing attorney: Michael H. Frankel (202) 622-3860
CC:INTL

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

RIN: 1545-BA77
_______________________________________________________________________

2770. EARNINGS CALCULATION FOR RETURNED OR RECHARACTERIZED CONTRIBUTIONS

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

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation sets forth a rule for calculating net income 
attributable to IRA contributions being returned under Code section 
408(d)(4) or recharacterized under Code section 408A(d)(6).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/23/02                    67 FR 48067
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: No

Government Levels Affected: Undetermined

Federalism:  Undetermined

Additional Information: REG-124256-02
Drafting attorney: Cathy A. Vohs (202) 622-6090
Reviewing attorney: Marjorie Hoffman (202) 622-6090
CC:TEGE

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

RIN: 1545-BA82
_______________________________________________________________________

2771. REPORTING REQUIREMENTS FOR WIDELY HELD FIXED INVESTMENT TRUSTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulation relates to reporting requirements for widely 
held fixed investment trusts.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/20/02                    67 FR 41892
NPRM Comment Period End         09/18/02
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

[[Page 30873]]

Additional Information: REG-106871-00
Drafting attorney: Faith Colson (202) 622-3060
Reviewing attorney: J. Thomas Hines (202) 622-3060
Treasury attorney: Viva Hammer (202) 622-0869
CC:PSI

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

Related RIN: Related To 1545-AU15
RIN: 1545-BA83
_______________________________________________________________________

2772. GUIDANCE ON REPORTING OF DEPOSIT INTEREST PAID TO NONRESIDENT 
ALIENS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1; 26 CFR 31

Legal Deadline: None

Abstract: This regulation will provide guidance on the reporting 
requirements for interest on deposits maintained at U.S. offices of 
certain financial institutions and paid to nonresident aliens that are 
residents of certain specified countries.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/02/02                    67 FR 50386
Hearing                         12/05/02                    67 FR 50386
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-133254-02
Drafting attorney: Alexandra K. Helou (202) 622-3840
Reviewing attorney: Valerie Mark Lippe (202) 622-3840
Treasury attorney: Hilary Hoover (202) 622-1781
CC:INTL

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

RIN: 1545-BA86
_______________________________________________________________________

2773. DESIGNATED IRS OFFICER OR EMPLOYEE

Priority: Routine and Frequent

Legal Authority: 26 USC 7602

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulatory amendment clarifies that Chief Counsel 
attorneys can receive the designated authority to take summoned 
testimony under oath.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/10/02                    67 FR 57354
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-134026-02
Drafting attorney: Elizabeth D. Rawlins (202) 622-3630
Reviewing attorney: Robert A. Miller (202) 622-3630
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: 202 622-3630

Related RIN: Related To 1545-BA98
RIN: 1545-BA89
_______________________________________________________________________

2774. REDUCED EXCLUSION OF GAIN FROM SALE OR EXCHANGE OF PRINCIPAL 
RESIDENCE

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 121; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation provides guidance on when a taxpayer who has 
not owned and used the property for two years or who has claimed the 
exclusion within the last two years is eligible to claim a reduced 
exclusion under section 121(c).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/24/02                    67 FR 78398
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-138882-02
Drafting attorney: Sara P. Shepherd (202) 622-4960
Reviewing attorney: J. Charles Strickland (202) 622-4960
Treasury attorney: Eric Sam Juan (202) 622-0224
CC:ITA

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

Related RIN: Related To 1545-BB02
RIN: 1545-BB01
_______________________________________________________________________

2775. SUBSTANTIATION OF INCIDENTAL EXPENSES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 274(d)

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations will amend the regulations under section 
1.274-5 to grant the Commissioner authority to establish a method under 
which a taxpayer may elect to use a specified amount or amounts for 
incidental expenses paid or incurred while traveling away from home in 
lieu of substantiating the actual incidental expenses.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/08/02                    67 FR 68539
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: No

Government Levels Affected: None

Federalism:  Undetermined

Additional Information: REG-141832-02
Drafting attorney: Samerra Y. Hasan (202) 622-4930
Reviewing attorney: John Moriarty (202) 622-4800
CC:ITA

Agency Contact: Sameera Y. Hasan, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service,

[[Page 30874]]

1111 Constitution Avenue NW, Washington, DC 20224
Phone: 202 622-4930

Related RIN: Related To 1545-BB19
RIN: 1545-BB20
_______________________________________________________________________

2776. EXCLUSIONS FROM GROSS INCOME OF FOREIGN CORPORATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 883; 26 USC 872

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will provide rules with respect to whether a 
foreign country will be considered to grant a reciprocal Aircraft/
Shipping exemption to U.S. corporations for purposes of section 883 of 
the Code. This regulation will also provide rules with respect to 
whether a foreign corporation satisfies the ownership requirements of 
section 883(c) and the activity requirements of section 883(a). The 
regulation affects a large segment of the shipping and air transport 
industries.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/02/02                    67 FR 50510
Hearing                         11/12/02                    67 FR 50510
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-136311-01
Drafting attorneys: Patricia A. Bray (202) 622-3880 and David L. Lundy 
(202) 622-3880
Reviewing attorney: Elizabeth U. Karzon (202) 622-3880
Treasury attorney: Carl Dubert (202) 622-0222
CC:INTL

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

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

Related RIN: Previously reported as 1545-BA07
RIN: 1545-BB30
_______________________________________________________________________

2777. [bull] ADVANCE RENTALS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 61(a)(5)

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulation will allow the IRS Commissioner to change the 
rules for accounting for advance rental income. This change is needed 
to accomplish an item on Treasury's Guidance Priority List involving 
advance payments. Because the modification only provides for the 
Commissioner's authority and does not directly change a substantive 
rule, the regulation should have no lost or risk.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/18/02                    67 FR 77450
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-151043-02
Drafting attorney: Edwin B. Cleverdon (202) 622-7900
Reviewing attorney: Kim Koch (202) 622-5020
CC:ITA

Agency Contact: Edwin B. Cleverdon, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4920

RIN: 1545-BB44
_______________________________________________________________________

2778. [bull] INFORMATION REPORTING RELATING TO TAXABLE STOCK 
TRANSACTIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6043; 26 USC 6045

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/18/02                    67 FR 69496
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

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

Related RIN: Related To 1545-BB40
RIN: 1545-BB60
_______________________________________________________________________

2779. [bull] COLLECTED EXCISE TAXES; DUTIES OF COLLECTOR (TEMPORARY)

Priority: Substantive, Nonsignificant

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

CFR Citation: 26 CFR 40; 26 CFR 49

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulations           06/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-163909-02
Drafting attorney: Patrick S. Kirwan (202) 622-3130
Reviewing attorneys: Frank Boland (202) 622-3130 and Phillip Howard 
(202) 622-3130

[[Page 30875]]

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: 202 622-3130

Related RIN: Related To 1545-BB75
RIN: 1545-BB76
_______________________________________________________________________

2780. [bull] AVAILABILITY OF SECTION 338(H)(10) ELECTION IN MULTISTEP 
TRANSACTIONS (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 338; 26 USC 368

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation relates to whether a section 338(h)(10) 
election should suspend application of the step transaction doctrine.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/07/02                    67 FR 62417
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-143679-02
Drafting attorneys: Mary E. Goode (202) 622-7930 and Daniel Heins (202) 
622-7930
Reviewing attorney: Reginald Mombrun (202) 622-7930
CC:CORP

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

Mary E. Goode, Attorney-Advisor, Department of the Treasury, Internal 
Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224
Phone: 202 622-7930

Related RIN: Related To 1545-BB68
RIN: 1545-BB78
_______________________________________________________________________

2781. [bull] APPLICATION OF NONDISCRIMINATION CROSS-TESTING RULES TO 
CASH BALANCE PLANS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 411

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses, Organizations

Government Levels Affected: None

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

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

Related RIN: Related To 1545-BA10
RIN: 1545-BB79
_______________________________________________________________________
Department of the Treasury (TREAS)                    Long-Term Actions
Internal Revenue Service (IRS)
_______________________________________________________________________

2782. INCOME TAX--TAXPAYER'S OBLIGATION TO FILE A NOTICE OF 
REDETERMINATION OF FOREIGN TAX AND CIVIL PENALTIES FOR FAILURE TO FILE

Priority: Substantive, Nonsignificant

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/23/88                    53 FR 23659


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Margaret A. Hogan
Phone: 202 622-3850

RIN: 1545-AC09
_______________________________________________________________________

2783. INCOME TAX--DEFINITION OF QUALIFIED POSSESSION SOURCE INVESTMENT 
INCOME FOR PURPOSES OF PUERTO RICO AND POSSESSION TAX CREDIT

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/21/86                     51 FR 2726


Next Action Undetermined

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: W. Edward Williams
Phone: 202 622-3880

RIN: 1545-AC10
_______________________________________________________________________

2784. 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

[[Page 30876]]

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Douglas L. Giblen
Phone: 202 874-1490

RIN: 1545-AI16
_______________________________________________________________________

2785. INFORMATION FROM PASSPORT AND IMMIGRATION APPLICANTS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 301

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/24/92                    57 FR 61373


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Amanda A. Ehrlich
Phone: 202 622-3880

RIN: 1545-AJ93
_______________________________________________________________________

2786. INCOME OF FOREIGN GOVERNMENTS AND INTERNATIONAL ORGANIZATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/27/88                    53 FR 24100
NPRM Comment Period End         08/26/88


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: David A. Juster
Phone: 202 622-3850

RIN: 1545-AL93
_______________________________________________________________________

2787. CLARIFICATION OF TREATMENT OF SEPARATE LIMITATION LOSSES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Richard L. Chewning
Phone: 202 622-3850

RIN: 1545-AM11
_______________________________________________________________________

2788. EARNINGS AND PROFITS OF CONTROLLED FOREIGN CORPORATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/25/90                     55 FR 2535


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Margaret A. Hogan
Phone: 202 622-3850

RIN: 1545-AM90
_______________________________________________________________________

2789. 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

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: W. Edward Williams
Phone: 202 622-3880

RIN: 1545-AM91
_______________________________________________________________________

2790. RAILROAD UNEMPLOYMENT REPAYMENT TAX

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 31

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/13/93                    58 FR 28374
NPRM Comment Period End         07/12/93


Next Action Undetermined

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Kyle A. Finizio
Phone: 202 622-6040

RIN: 1545-AN40
_______________________________________________________________________

2791. CONSOLIDATED ALTERNATIVE MINIMUM TAX

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/30/92                    57 FR 62251
NPRM Comment Period End         03/01/93
Hearing                         04/06/93


Next Action Undetermined

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Martin Scully
Phone: 202 622-4960

RIN: 1545-AN73
_______________________________________________________________________

2792. 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
_______________________________________________________________________

2793. CHARITABLE CONTRIBUTIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/12/91                    56 FR 10395
Hearing                         08/01/91                    56 FR 23823


Next Action Undetermined

[[Page 30877]]

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Teresa B. Hughes
Phone: 202 622-3850

RIN: 1545-AP30
_______________________________________________________________________

2794. GUIDANCE IN NOTICE 89-37, WHICH TREATS THE RECEIPT OF A CORPORATE 
PARTNER'S STOCK BY THE CORPORATE PARTNER AS A CIRCUMVENTION OF GENERAL 
UTILITIES REPEAL

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/15/92                    57 FR 59324
NPRM Comment Period End         01/20/93


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Lisa K. Leong
Phone: 202 622-7530

RIN: 1545-AP52
_______________________________________________________________________

2795. USE OF GAAP EARNINGS AS E&P OF FOREIGN CORPORATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/01/92                    57 FR 29246


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Margaret A. Hogan
Phone: 202 622-3850

RIN: 1545-AQ55
_______________________________________________________________________

2796. THE TREATMENT OF ACCELERATED DEATH BENEFITS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/15/92                    57 FR 59319
NPRM Comment Period End         02/26/93
Hearing                         03/19/93


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Ann H. Logan
Phone: 202 622-3970

RIN: 1545-AQ70
_______________________________________________________________________

2797. FOREIGN TRUSTS REGULATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Karen Rennie Quarrie
Phone: 202 622-3880

RIN: 1545-AR25
_______________________________________________________________________

2798. TREATMENT OF DUAL CONSOLIDATED LOSSES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Kenneth D. Allison
Phone: 202 622-3860

RIN: 1545-AR26
_______________________________________________________________________

2799. ALLOCATION OF ACCRUED BENEFITS BETWEEN EMPLOYER AND EMPLOYEE 
CONTRIBUTIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/22/95                    60 FR 66532
NPRM Comment Period End         03/21/96


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Cathy A. Vohs
Phone: 202 622-6090

RIN: 1545-AT82
_______________________________________________________________________

2800. FOREIGN CORPORATIONS REGULATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/08/96                     61 FR 9377


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Kenneth P. Christman
Phone: 202 622-3870

RIN: 1545-AT96
_______________________________________________________________________

2801. TREATMENT OF OBLIGATION-SHIFTING TRANSACTIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/27/96                    61 FR 68175
NPRM Comment Period End         04/08/97
Final Action                    12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Christina A. Morrison
Phone: 202 622-3950

RIN: 1545-AU19
_______________________________________________________________________

2802. APPLICATION OF GRANTOR TRUST RULES TO NONEXEMPT EMPLOYEES' TRUST

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

[[Page 30878]]

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
_______________________________________________________________________

2803. RECOMPUTATION OF LIFE INSURANCE RESERVES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/02/97                       62 FR 71


Next Action Undetermined

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Mark S. Smith
Phone: 202 622-3970

RIN: 1545-AU49
_______________________________________________________________________

2804. APPLICATION OF ATTRIBUTION RULES TO FOREIGN TRUSTS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Federalism:  Undetermined

Agency Contact: W. Edward Williams
Phone: 202 622-3880

RIN: 1545-AU91
_______________________________________________________________________

2805. FINANCIAL ASSET SECURITIZATION INVESTMENT TRUST (FASIT) START-UP; 
OPERATIONAL AND TRANSITIONAL RULES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 301; 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Alexa Temple Dubert
Phone: 202 622-3071

RIN: 1545-AU94
_______________________________________________________________________

2806. STOCKS AND SECURITIES SAFE HARBOR EXCEPTION

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/12/98                    63 FR 32164
Hearing                         09/09/98
NPRM Comment Period End         09/10/98
Final Action                    12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Paul S. Epstein
Phone: 202 622-3870

RIN: 1545-AW13
_______________________________________________________________________

2807. SOURCE OF INCOME FROM CERTAIN SPACE AND OCEAN ACTIVITIES AND FOR 
COMMUNICATIONS INCOME

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/17/01                     66 FR 3903
Hearing                         05/23/01                    66 FR 12916


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Edward R. Barret
Phone: 202 874-1490

RIN: 1545-AW50
_______________________________________________________________________

2808. HIGHWAY VEHICLE--DEFINITION

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 48

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/06/02                    67 FR 38913
Public Hearing                  02/27/03
Final Action                    12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Theodore N. Margopulos
Phone: 202 622-3130

RIN: 1545-AX10
_______________________________________________________________________

2809. INSPECTION OF WRITTEN DETERMINATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 301

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Deborah Lambert-Dean
Phone: 202 622-4570
Fax: 202 622-9888

RIN: 1545-AX40
_______________________________________________________________________

2810. DEFINITION OF PRIVATE ACTIVITY BOND--REFUNDING REGULATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/30/94                    59 FR 67658
NPRM Comment Period End         05/01/95


Next Action Undetermined

[[Page 30879]]

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Bruce M. Serchuk
Phone: 202 622-3980
Fax: 202 622-4437

RIN: 1545-AX55
_______________________________________________________________________

2811. DEFINITION OF PASSIVE FOREIGN INVESTMENT COMPANY UNDER SECTION 
1297

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Alexandra K. Helou
Phone: 202 622-3840

RIN: 1545-AX78
_______________________________________________________________________

2812. CAPITALIZATION OF INTEREST AND CARRYING CHARGES PROPERLY ALLOCABLE 
TO STRADDLES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/18/01                     66 FR 4746


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Mary Truchly
Phone: 202 622-3960

RIN: 1545-AX92
_______________________________________________________________________

2813. ACTIVE CONDUCT OF AN INSURANCE BUSINESS UNDER PFIC RULES

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

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Agency Contact: Mark R. Pollard
Phone: 202 622-3850

RIN: 1545-AY20
_______________________________________________________________________

2814. SPECIAL RULES RELATING TO TRANSFERS OF INTANGIBLES TO FOREIGN 
CORPORATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Federalism:  Undetermined

Agency Contact: Thomas D. Beem
Phone: 202 622-3860

RIN: 1545-AY41
_______________________________________________________________________

2815. SPECIAL RULES FOR S CORPORATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 301; 26 CFR 601

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

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
_______________________________________________________________________

2816. TRANSITIONAL RELIEF FOR QUALIFIED INTERMEDIARIES

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

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Federalism:  Undetermined

Agency Contact: Marc Korab
Phone: 202 622-3840

RIN: 1545-AY92
_______________________________________________________________________

2817. APPLICATION OF THE FEDERAL INSURANCE CONTRIBUTIONS ACT, FEDERAL 
UNEMPLOYMENT TAX ACT, AND COLLECTION OF INCOME TAX AT SOURCE TO 
STATUTORY STOCK OPTIONS

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

CFR Citation: 26 CFR 31

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/13/01                    66 FR 57023
Public Hearing                  05/14/02                     67 FR 5076


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Stephen B. Tackney
Phone: 202 622-6040

RIN: 1545-BA26
_______________________________________________________________________

2818. FOREIGN CORPORATIONS--TREATMENT OF DISTRIBUTIONS OR LIQUIDATIONS

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: Aaron A. Farmer
Phone: 202 622-3860

RIN: 1545-BA79
_______________________________________________________________________

2819. REDEMPTIONS TREATED AS DIVIDENDS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

[[Page 30880]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/18/02                    67 FR 64331
Final Action                    12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Lisa K. Leong
Phone: 202 622-7530

RIN: 1545-BA80
_______________________________________________________________________

2820. ALLOCATION AND APPORTIONMENT OF INTEREST EXPENSE

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: Melissa D. Arndt
Phone: 202 622-3850

Related RIN: Related To 1545-BA02
RIN: 1545-BA92
_______________________________________________________________________

2821. EARNINGS AND PROFITS ATTRIBUTION PRINCIPLES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: No

Government Levels Affected: Undetermined

Federalism:  Undetermined

Agency Contact: Mark R. Pollard
Phone: 202 622-3850

RIN: 1545-BA93
_______________________________________________________________________

2822. AUTHORIZATION FOR IRS TO CHARGE FEES FOR COPYING EXEMPT 
ORGANIZATION RETURNS

Priority: Info./Admin./Other

CFR Citation: 26 CFR 301

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Sarah Tate
Phone: 202 622-4590

Related RIN: Related To 1545-BB22
RIN: 1545-BB21
_______________________________________________________________________

2823. AUTHORIZATION FOR IRS TO CHARGE FEES FOR COPYING EXEMPT 
ORGANIZATION RETURNS (TEMPORARY)

Priority: Info./Admin./Other

CFR Citation: 26 CFR 301

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Sarah Tate
Phone: 202 622-4590

Related RIN: Related To 1545-BB21
RIN: 1545-BB22
_______________________________________________________________________

2824. MIXED USE OUTPUT FACILITIES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           09/23/02                    67 FR 59767


Next Action Undetermined

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: No

Government Levels Affected: State, Local

Federalism:  Undetermined

Agency Contact: Rose M. Weber
Phone: 202 622-3980
Fax: 202 622-4437

RIN: 1545-BB23
_______________________________________________________________________

2825. ACCRUAL RULES FOR CREDITABLE FOREIGN TAXES AND GUIDANCE ON CHANGE 
IN TAXABLE YEAR

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Margaret A. Hogan
Phone: 202 622-3850

RIN: 1545-BB27
_______________________________________________________________________

2826. [bull] LIMITATION ON USE OF NONACCRUAL EXPERIENCE METHOD OF 
ACCOUNTING

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 403

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Under section 448(d)(5), as amended by the Job Creation and 
Worker Assistance Act of 2002, the nonaccrual experience method of 
accounting is available only for amounts to be received for the 
performance of qualified services (i.e., services in the fields of 
health, law, engineering, architecture, accounting, actuarial science, 
performing arts, or consulting) or for services provided by certain 
small businesses (i.e., those with gross receipts of $5 million or 
less). The law provides that such taxpayers are not required to accrue, 
based on their experience, any portion of year-end receivables that 
will not be collected. Under the proposed regulations, taxpayers will 
be permitted to determine such amounts using alternative computations 
or formulas which, based on experience, accurately reflect the amount 
of income that will not be collected by such taxpayer. The proposed 
regulations will provide safe harbor methods (computations or formulas) 
of estimating such amounts that the taxpayers can rely on.

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-141402-02
Drafting attorney: Terrance McWhorter (202) 622-4970
Reviewing attorney: Tom A. Luxner (202) 622-4970
CC:ITA
We issued Interim Guidance in the form of a Notice 2003-12, 2003-6 
published in the IRB 422 on January 22, 2003, with a request for 
comments.

Agency Contact: Terrance McWhorter, General Tax Attorney, Department of

[[Page 30881]]

the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4970

RIN: 1545-BB43
_______________________________________________________________________

2827. [bull] PARTNERSHIP EQUITY FOR SERVICES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 721; 26 USC 83

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These proposed regulations will describe the tax treatment of 
partnership equity issued in connection with the performance of 
services.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-105346-03
Drafting attorney: Audrey W. Ellis (202) 622-3060
Reviewing attorney: Matthew Lay (202) 622-3060
Treasury attorney: Deborah Harrington (202) 622-1788
CC:PSI

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

RIN: 1545-BB92
_______________________________________________________________________

2828. [bull] TRANSFERS OF NONSTATUTORY STOCK OPTIONS TO RELATED PERSONS

Priority: Substantive, Nonsignificant

Legal Authority: 42 USC 83

CFR Citation: 42 CFR 1

Legal Deadline: None

Abstract: The regulations will provide rules for determining when the 
transfer of a nonstatutory stock option will be considered an arm's 
length transaction for purposes of section 1.83-7(a).

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-116914-03
Drafting attorney: Stephen B. Tackney (202) 622-6040
Treasury attorney: Elizabeth Drigotas (202) 622-1332
CC:TEGE

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

RIN: 1545-BC06
_______________________________________________________________________
Department of the Treasury (TREAS)                    Completed Actions
Internal Revenue Service (IRS)
_______________________________________________________________________

2829. LIMITATIONS ON PASSIVE ACTIVITY LOSSES AND CREDITS--SELF-CHARGED 
ITEMS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9013                            08/21/02                    67 FR 54087

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Danielle M. Grimm
Phone: 202 622-3080

RIN: 1545-AN64
_______________________________________________________________________

2830. ELECTION TO TREAT TRUST AS ESTATE

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9032                            12/24/02                    67 FR 78371

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Faith Colson
Phone: 202 622-3060

RIN: 1545-AW24
_______________________________________________________________________

2831. CORPORATE TAX SHELTER REGISTRATION

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 301

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9046                            03/04/03                    68 FR 10161

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Danielle M. Grimm
Phone: 202 622-3080

Tara P. Volungis
Phone: 202 622-3080

Related RIN: Related To 1545-AX81, Related To 1545-AX79, Related To 
1545-BA62, Related To 1545-BB50, Related To 1545-BB53
RIN: 1545-AW26
_______________________________________________________________________

2832. EDUCATION CREDITS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9034                            12/26/02                    67 FR 78687

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Donna J. Welch
Phone: 202 622-4910
Fax: 202 927-9248

RIN: 1545-AW65

[[Page 30882]]

_______________________________________________________________________

2833. CERTAIN ASSET TRANSFERS TO REGULATED INVESTMENT COMPANIES (RICS) 
AND REAL ESTATE INVESTMENT TRUSTS (REITS)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9047                            03/18/03                    68 FR 12817

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Agency Contact: Jennifer D. Sledge
Phone: 202 622-7750

RIN: 1545-AW92
_______________________________________________________________________

2834. NOTICE OF CONTACT OF THIRD PARTIES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 301

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9028                            12/18/02                    67 FR 77419

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Charles B. Christopher
Phone: 202 622-3630

RIN: 1545-AX04
_______________________________________________________________________

2835. EXCLUSION OF GAIN ON THE SALE OR EXCHANGE OF PRINCIPAL RESIDENCE

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9030                            12/24/02                    67 FR 78358

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Sara P. Shepherd
Phone: 202 622-4960

RIN: 1545-AX28
_______________________________________________________________________

2836. LOANS TO PARTICIPANTS OR BENEFICIARIES FROM QUALIFIED EMPLOYEE 
PLANS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9021                            12/03/02                    67 FR 71821

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Vernon Carter
Phone: 202 622-6060

RIN: 1545-AX68
_______________________________________________________________________

2837. REQUIREMENT TO MAINTAIN LIST OF INVESTORS IN POTENTIALLY ABUSIVE 
TAX SHELTERS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 301; 26 CFR 602

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Fourth NPRM                     10/22/02                    67 FR 64799
Final Action Completed by TD 
9046                            03/04/03                    68 FR 10161

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Tara P. Volungis
Phone: 202 622-3080

Charlotte Chyr
Phone: 202 622-3070

Related RIN: Related To 1545-AW26, Related To 1545-AX81, Related To 
1545-BA62, Related To 1545-BB53, Related To 1545-BB52
RIN: 1545-AX79
_______________________________________________________________________

2838. TAX SHELTER DISCLOSURE STATEMENTS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1; 26 CFR 602

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Fourth NPRM                     10/22/02                    67 FR 64840
Final Action Completed by TD 
9046                            03/04/03                    68 FR 10161

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Tara P. Volungis
Phone: 202 622-3080

Charlotte Chyr
Phone: 202 622-3070

Related RIN: Related To 1545-AX79, Related To 1545-AW26, Related To 
1545-BA62, Related To 1545-BB48, Related To 1545-BB53
RIN: 1545-AX81
_______________________________________________________________________

2839. STATUTE OF LIMITATIONS ON COLLECTION INSTALLMENT AGREEMENTS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 301

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9027                            12/18/02                    67 FR 77416

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Frederick W. Schindler
Phone: 202 622-3620

RIN: 1545-AX89
_______________________________________________________________________

2840. DEFINITION OF DIESEL FUEL

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 48

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9051                            04/02/03                    68 FR 15940

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Susan Athy
Phone: 202 622-3130

RIN: 1545-AX97
_______________________________________________________________________

2841. CONSTRUCTIVE TRANSFERS AND TRANSFERS OF PROPERTY TO THIRD PARTIES 
ON BEHALF OF A SPOUSE

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

[[Page 30883]]

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9035                            01/13/03                     68 FR 1534

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Edward C. Schwartz
Phone: 202 622-4960

RIN: 1545-AX99
_______________________________________________________________________

2842. GUIDANCE NECESSARY TO FACILITATE ELECTRONIC TAX ADMINISTRATION

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1; 26 CFR 301

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9040                            01/31/03                     68 FR 4918

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Joseph P. Dewald
Phone: 202 622-4910

Related RIN: Related To 1545-AY56
RIN: 1545-AY04
_______________________________________________________________________

2843. DAMAGES FOR INTENTIONAL OR RECKLESS DISREGARD OF THE INTERNAL 
REVENUE CODE

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 301

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9050                            03/25/03                    68 FR 14316

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Robert A. Miller
Phone: 202 622-3640

RIN: 1545-AY08
_______________________________________________________________________

2844. DISALLOWANCE OF DEDUCTIONS AND CREDITS FOR FAILURE TO FILE TIMELY 
RETURN

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9043                            03/10/03                    68 FR 11313

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Nina E. Chowhdry
Phone: 202 622-3880

RIN: 1545-AY26
_______________________________________________________________________

2845. DISCLOSURE OF RETURN INFORMATION TO OFFICERS AND EMPLOYEES OF THE 
DEPARTMENT OF COMMERCE FOR CERTAIN STATISTICAL PURPOSES AND RELATED 
ACTIVITIES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 301

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9037                            01/21/03                     68 FR 2691

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Agency Contact: Christine S. Irwin
Phone: 202 622-4570

RIN: 1545-AY52
_______________________________________________________________________

2846. OBLIGATION OF STATES AND POLITICAL SUBDIVISIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9016                            09/23/02                    67 FR 59756

Regulatory Flexibility Analysis Required: No

Government Levels Affected: State, Local

Agency Contact: Rose M. Weber
Phone: 202 622-3980
Fax: 202 622-4437

RIN: 1545-AY71
_______________________________________________________________________

2847. DISCLOSURE OF RETURNS AND RETURN INFORMATION BY OTHER AGENCIES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 301

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9036                            01/21/03                     68 FR 2695

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Agency Contact: Julie C. Schwartz
Phone: 202 622-4570

RIN: 1545-AY77
_______________________________________________________________________

2848. EXCISE TAX IMPOSED ON FOREIGN INSURERS OR REINSURERS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9024                            11/27/02                    67 FR 70845

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: David L. Lundy
Phone: 202 622-3880

RIN: 1545-AY93
_______________________________________________________________________

2849. CONSOLIDATED RETURN INTERCOMPANY TRANSACTION RULES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 446

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9025                            12/16/02                    67 FR 76985

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Vincent Daly
Phone: 202 622-7770

RIN: 1545-BA05

[[Page 30884]]

_______________________________________________________________________

2850. NOTICE OF SIGNIFICANT REDUCTION IN THE RATE OF FUTURE BENEFIT 
ACCRUAL

Priority: Substantive, Nonsignificant

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

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9052                            04/09/03                    68 FR 17217

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Pamela R. Kinard
Phone: 202 622-6060

RIN: 1545-BA08
_______________________________________________________________________

2851. UNIT LIVESTOCK PRICING METHOD

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9019                            10/28/02                    67 FR 65697

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: A. Katharine Kiss
Phone: 202 622-4930

RIN: 1545-BA25
_______________________________________________________________________

2852. GUIDANCE REGARDING FOREIGN PERSONAL HOLDING COMPANY INCOME

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9039                            01/31/03                     68 FR 4916

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Kenneth P. Christman
Phone: 202 622-3870

RIN: 1545-BA33
_______________________________________________________________________

2853. TRANSFERS OF C CORPORATION PROPERTY TO RICS OR REITS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9047                            03/18/03                    68 FR 12817

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Agency Contact: Jennifer D. Sledge
Phone: 202 622-7750

RIN: 1545-BA36
_______________________________________________________________________

2854. WITHHOLDING AT TREATY RATE EXCEPTION FOR TAXPAYER IDENTIFYING 
NUMBER

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9023                            11/22/02                    67 FR 70310

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Jonathan A. Sambur
Phone: 202 622-3840

RIN: 1545-BA38
_______________________________________________________________________

2855. INFORMATION REPORTING FOR QUALIFIED TUITION AND RELATED EXPENSES; 
MAGNETIC MEDIA FILING REQUIREMENTS FOR INFORMATION RETURNS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1; 26 CFR 301

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9029                            12/19/02                    67 FR 77678

Regulatory Flexibility Analysis Required: Yes

Government Levels Affected: None

Agency Contact: Donna J. Welch
Phone: 202 622-4910
Fax: 202 927-9248

RIN: 1545-BA43
_______________________________________________________________________

2856. DETERMINATION OF BASIS OF PARTNER'S INTEREST; SPECIAL RULES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9049                            03/18/03                    68 FR 12815

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Barbara Campbell
Phone: 202 622-3050

RIN: 1545-BA50
_______________________________________________________________________

2857. LOW-INCOME TAXPAYER CLINICS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9026                            12/18/02                    67 FR 77418

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Brinton T. Warren
Phone: 202 622-4940

Related RIN: Related To 1545-AY84
RIN: 1545-BA95
_______________________________________________________________________

2858. DESIGNATED IRS OFFICER OR EMPLOYEE (TEMPORARY)

Priority: Routine and Frequent

CFR Citation: 26 CFR 301

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9015                            09/10/02                    67 FR 57330

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Elizabeth D. Rawlins
Phone: 202 622-3630

Related RIN: Related To 1545-BA89
RIN: 1545-BA98

[[Page 30885]]

_______________________________________________________________________

2859. REDUCED EXCLUSION OF GAIN FROM SALE OR EXCHANGE OF PRINCIPAL 
RESIDENCE (TEMPORARY)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9031                            12/24/02                    67 FR 78367

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Sara P. Shepherd
Phone: 202 622-4960

Related RIN: Related To 1545-BB01
RIN: 1545-BB02
_______________________________________________________________________

2860. PENALTIES FOR UNAUTHORIZED INSPECTION OF RETURNS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 301

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9044                            03/12/03                    68 FR 11739

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Carol A. Marchant
Phone: 202 622-4590

RIN: 1545-BB13
_______________________________________________________________________

2861. SUBSTANTIATION OF INCIDENTAL EXPENSES (TEMPORARY)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9020                            11/12/02                    67 FR 68512

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Sameera Y. Hasan
Phone: 202 622-4930

Related RIN: Related To 1545-BB20
RIN: 1545-BB19
_______________________________________________________________________

2862. STRUCTURED SETTLEMENT FACTORING TRANSACTIONS (TEMPORARY)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1; 26 CFR 602

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9042                            02/19/03                     68 FR 7922

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Shareen S. Pflanz
Phone: 202 622-4920

Related RIN: Related To 1545-BB14
RIN: 1545-BB24
_______________________________________________________________________

2863. TAX SHELTER DISCLOSURE STATEMENTS (TEMPORARY)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9017                            10/22/02                    67 FR 64799
Public Hearing                  12/11/02

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Tara P. Volungis
Phone: 202 622-3080

Related RIN: Related To 1545-AX81, Related To 1545-BA62
RIN: 1545-BB32
_______________________________________________________________________

2864. REQUIREMENT TO MAINTAIN LIST OF INVESTORS IN POTENTIALLY ABUSIVE 
TAX SHELTERS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 301

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9018                            10/22/02                    67 FR 64807

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Charlotte Chyr
Phone: 202 622-3070

Related RIN: Related To 1545-AX79, Related To 1545-BA62
RIN: 1545-BB33
_______________________________________________________________________

2865. ISSUES RELATING TO CERTAIN FOREIGN CORPORATIONS AND PARTNERSHIPS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9033                            12/23/02                    67 FR 78174

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Tasheaya Warren Ellison
Phone: 202 622-3860

RIN: 1545-BB36
_______________________________________________________________________

2866. [bull] INFORMATION REPORTING FOR TAXABLE STOCK TRANSACTIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6043(c)

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Information reporting by corporations is currently authorized 
by section 6043(c) of the Internal Revenue Code with respect to changes 
in control and changes in capital structure. Temporary regulations will 
set forth requirements for such reporting by corporations, requiring 
both a return describing the transaction and Forms 1099 reporting 
amounts received by shareholders.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9022                            11/18/02                    67 FR 69468

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

[[Page 30886]]

CC:PA:APJP

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

Related RIN: Related To 1545-BB60
RIN: 1545-BB40
_______________________________________________________________________

2867. [bull] STATUTORY MERGERS AND CONSOLIDATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The final regulations are the effective rules with respect to 
statutory mergers and consolidations under Internal Revenue Code 
section 368(a)(1)(A) for transactions up until January 24, 2003 (the 
date for which temporary regulations were published defining the term 
statutory merger or consolidation).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9038                            01/24/03                     68 FR 3384

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-162729-02
Drafting attorney: Richard M. Heinecke (202) 622-7930
Reviewing attorney: Reginald Mombrun (202) 622-7930
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC:CORP
RIN 1545-BB46 and its corresponding number REG-162729-02 are with 
respect to final regulations published simultaneously with temporary 
regulations. Since final and temporary regulations cannot 
simultaneously apply, RIN 1545-BB46 was utilized to reflect that the 
final regulation would close when the temporary regulation was issued. 
The temporary regulations and the proposed regulations both used the 
REG-126485-01 number and RIN 1545-BA06. When the temporary regulations 
were published on January 24, 2003, the final regulation (REG-162729-
02; RIN 1545-BB46) was closed.

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

Related RIN: Related To 1545-BA06
RIN: 1545-BB46
_______________________________________________________________________

2868. [bull] DISCLOSURE STATEMENTS FOR EMPLOYMENT TAX

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6011

CFR Citation: 26 CFR 31

Legal Deadline: None

Abstract: This regulation will tell taxpayers that listed transactions 
must be disclosed in accordance with published guidance.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/22/02                    67 FR 64840
Final Action Completed by TD 
9046                            03/04/03                    68 FR 10161

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-154115-02
Drafting attorneys: Tara P. Volungis (202) 622-3080 and Charlotte Chyr 
(202) 622-3070
Reviewing attorney: Christine Ellison (202) 622-3080
Treasury attorney: Julian Kim (202) 622-1981
CC:PSI

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

Charlotte Chyr, Attorney-Advisor, Department of the Treasury, Internal 
Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224
Phone: 202 622-3070

Related RIN: Related To 1545-AW26, Related To 1545-AX79, Related To 
1545-AX81, Related To 1545-BB49, Related To 1545-BB50
RIN: 1545-BB48
_______________________________________________________________________

2869. [bull] DISCLOSURE STATEMENTS FOR ESTATE TAX

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6011

CFR Citation: 26 CFR 20

Legal Deadline: None

Abstract: This regulation will tell taxpayers that listed transactions 
must be disclosed in accordance with published guidance.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/22/02                    67 FR 64840
Final Action Completed by TD 
9046                            03/04/03                    68 FR 10161

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-154117-02
Drafting attorneys: Tara P. Volungis (202) 622-3080 and Charlotte Chyr 
(202) 622-3070
Reviewing attorney: Christine Ellison (202) 622-3080
Treasury attorney: Julian Kim (202) 622-1981
CC:PSI

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

Charlotte Chyr, Attorney-Advisor, Department of the Treasury, Internal 
Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224
Phone: 202 622-3070

Related RIN: Related To 1545-BB48, Related To 1545-BB50, Related To 
1545-AX81, Related To 1545-AW26, Related To 1545-AX79
RIN: 1545-BB49
_______________________________________________________________________

2870. [bull] DISCLOSURE STATEMENTS FOR GIFT TAX

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6011

CFR Citation: 26 CFR 25

Legal Deadline: None

Abstract: This regulation will tell taxpayers that listed transactions 
must

[[Page 30887]]

be disclosed in accordance with published guidance.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/22/02                    67 FR 64840
Final Action Completed by TD 
9046                            03/04/03                    68 FR 10161

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-154116-02
Drafting attorneys: Tara P. Volungis (202) 622-3080 and Charlotte Chyr 
(202) 622-3070
Reviewing attorney: Christine Ellison (202) 622-3080
Treasury attorney: Julian Kim (202) 622-1981
CC:PSI

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

Charlotte Chyr, Attorney-Advisor, Department of the Treasury, Internal 
Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224
Phone: 202 622-3070

Related RIN: Related To 1545-AW26, Related To 1545-AX79, Related To 
1545-AX81, Related To 1545-BB49, Related To 1545-BB51
RIN: 1545-BB50
_______________________________________________________________________

2871. [bull] DISCLOSURE STATEMENTS FOR PENSION EXCISE TAXES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 54

Legal Deadline: None

Abstract: This regulation will require that listed transactions be 
disclosed in accordance with published guidance.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/22/02                    67 FR 64840
Final Action Completed by TD 
9046                            03/04/03                    68 FR 10161

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-154423-02
Drafting attorneys: Tara P. Volungis (202) 622-3080 and Charlotte Chyr 
(202) 622-3070
Reviewing attorney: Christine Ellison (202) 622-3070
Treasury attorney: Julian Kim (202) 622-1981
CC:PSI

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

Charlotte Chyr, Attorney-Advisor, Department of the Treasury, Internal 
Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224
Phone: 202 622-3070

Related RIN: Related To 1545-AX79, Related To 1545-AX81, Related To 
1545-AW26, Related To 1545-BB50, Related To 1545-BB53
RIN: 1545-BB51
_______________________________________________________________________

2872. [bull] DISCLOSURE STATEMENTS FOR PUBLIC CHARITY EXCISE TAXES

Priority: Substantive, Nonsignificant

Legal Authority: 26 UCS 7805

CFR Citation: 26 CFR 56

Legal Deadline: None

Abstract: This regulation will require that listed transactions be 
disclosed in accordance with published guidance.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/22/02                    67 FR 64840
Final Action Completed by TD 
9046                            03/04/03                    68 FR 10161

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-154426-02
Drafting attorneys: Tara P. Volungis (202) 622-3080 and Charlotte Chyr 
(202) 622-3070
Reviewing attorney: Christine Ellison (202) 622-3070
Treasury attorney: Julian Kim (202) 622-1981
CC:PSI

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

Charlotte Chyr, Attorney-Advisor, Department of the Treasury, Internal 
Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224
Phone: 202 622-3070

Related RIN: Related To 1545-AX79, Related To 1545-AX81, Related To 
1545-AW26, Related To 1545-BB51, Related To 1545-BB53
RIN: 1545-BB52
_______________________________________________________________________

2873. [bull] DISCLOSURE STATEMENTS FOR FOUNDATION EXCISE TAXES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 53

Legal Deadline: None

Abstract: This regulation will require that listed transactions be 
disclosed in accordance with published guidance.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/22/02                    67 FR 64840
Final Action Completed by TD 
9046                            03/04/03                    68 FR 10161

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-154429-02
Drafting attorneys: Tara P. Volungis (202) 622-3080 and Charlotte Chyr 
(202) 622-3070
Reviewing attorney: Christine Ellison (202) 622-3070
Treasury attorney: Julian Kim (202) 622-1981
CC:PSI

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

Charlotte Chyr, Attorney-Advisor, Department of the Treasury, Internal

[[Page 30888]]

Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224
Phone: 202 622-3070

Related RIN: Related To 1545-AW26, Related To 1545-AX81, Related To 
1545-BB49, Related To 1545-BB48, Related To 1545-BB51
RIN: 1545-BB53
_______________________________________________________________________

2874. [bull] TAXPAYER IDENTIFICATION NUMBER (TIN) MATCHING PROGRAM 
(TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 3406

CFR Citation: 26 CFR 31

Legal Deadline: None

Abstract: This temporary regulation relates to the taxpayer 
identification number (TIN) matching program under section 3406. In 
order to specifically allow a payor's authorized agent to participate 
in TIN matching, these regulations provide that the term ``payor'' 
includes an agent designated by the payor to participate in TIN 
Matching.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9041                            01/31/03                     68 FR 4922

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-116641-01
Drafting attorney: Donna J. Welch (202) 622-4910
Reviewing attorney: John McGreevy (202) 622-4910
Treasury attorney: John Parcell (202) 622-2578
CC:PA:APJP

Agency Contact: Donna J. Welch, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4910
Fax: 202 927-9248

Related RIN: Related To 1545-BA17
RIN: 1545-BB88
_______________________________________________________________________

2875. [bull] GUIDANCE UNDER SECTION 1502: SUSPENSION OF LOSSES ON 
CERTAIN STOCK DISPOSITIONS (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 1502

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The temporary regulations under section 1502 redetermine the 
basis of stock of a subsidiary member of a consolidated group 
immediately prior to certain transfers of such stock and certain 
deconsolidation of a subsidiary member. The temporary regulations also 
suspend certain losses recognized on the disposition of such stock. The 
regulations apply to corporations filing consolidated returns.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9048                            03/14/03                    68 FR 12287

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-131478-02
Drafting attorney: Aimee K. Meacham (202) 622-7530
CC:CORP

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

RIN: 1545-BB95
BILLING CODE 4830-01-S
_______________________________________________________________________
Department of the Treasury (TREAS)                        Prerule Stage
Office of Thrift Supervision (OTS)
_______________________________________________________________________

2876. CAPITAL RULES

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1462; 12 USC 1462a; 12 USC 1463; 12 USC 1464; 
12 USC 1467a; 12 USC 1835; 12 USC 1848; 12 USC 4808

CFR Citation: 12 CFR 567

Legal Deadline: None

Abstract: OTS has underway a number of regulatory amendments to its 
capital standards for savings associations. These amendments implement 
section 303 of the Riegle Community Development and Regulatory 
Improvement Act of 1994 (CDRIA). CDRIA requires the Federal banking 
agencies to make their capital rules and other rules more uniform.
The agencies plan to issue either an advance notice of proposed 
rulemaking (ANPRM) or a notice of proposed rulemaking (NPRM) that would 
introduce the domestic implementation of the New Basel Capital Accord 
(Basel II). This would include an introduction to an advanced internal 
ratings-based (IRB) approach to credit risk, and may include 
modifications to the current U.S. domestic capital framework.

Timetable:
________________________________________________________________________

Implementation of a Revised Basel Capital Accord (formerly Modified 
Domestic Capital Framework)  ANPRM 07/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Michael D. Solomon, Senior Program Manager for Capital 
Policy, Supervision Policy, Department of the Treasury, Office of 
Thrift Supervision, 1700 G Street NW., Washington, DC 20552
Phone: 202 906-5654

Teresa Scott, Counsel (Banking and Finance), Department of the 
Treasury, Office of Thrift Supervision, 1700 G Street NW., Washington, 
DC 20552
Phone: 202 906-6478
Fax: 202 905-6518
Email: teresa.scott@ots.treas.gov

David Riley, Project Manager for Capital Policy, Supervision Policy, 
Department of the Treasury, Office of Thrift Supervision, 1700 G Street 
NW., Washington, DC 20552
Phone: 202 906-6669

RIN: 1550-AB11

[[Page 30889]]

_______________________________________________________________________
Department of the Treasury (TREAS)                     Final Rule Stage
Office of Thrift Supervision (OTS)
_______________________________________________________________________

2877. [bull] REMOVAL, SUSPENSION, AND DEBARMENT OF ACCOUNTANTS FROM 
PERFORMING AUDIT SERVICES

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1462a; 12 USC 1463; 12 USC 1464; 12 USC 1467a; 
12 USC 1813; 12 USC 1831m; 15 USC 78

CFR Citation: 12 CFR 513

Legal Deadline: None

Abstract: The OCC, Board, FDIC, and OTS (the Agencies) propose to 
revise their respective rules of practice pursuant to section 36 of the 
Federal Deposit Insurance Act (FDIA) (12 USC 1831m). Section 36, as 
implemented by 12 CFR part 363, requires that each insured depository 
institution with total assets of $500 million or more produce an annual 
report containing the institution's financial statements and certain 
management assessments. The depository institution must provide the 
report to the FDIC, the appropriate Federal banking agency, and any 
appropriate State bank supervisor. Section 36 also requires that the 
depository institution obtain an audit of its financial statements and 
an attestation on management's assertions concerning internal controls 
over financial reporting by an independent public accountant 
(accountant) and include the accountant's audit and attestation reports 
in its annual report.
Congress gave the Agencies authority to remove, suspend, or debar 
accountants from performing the audit services required by section 36 
if there is good cause to do so. This proposal would amend the 
Agencies' rules to establish rules of practice and procedure for the 
removal, suspension, and debarment of accountants and their firms from 
performing section 36 audit services for insured depository 
institutions. The proposal reflects the Agencies' increasing concern 
with the quality of audits and internal controls for financial 
reporting at insured depository institutions. Although there have been 
few bank and thrift failures in recent years, the circumstances of the 
failures that have occurred illustrate the importance of maintaining 
high quality in the audits of the financial position and attestations 
of management assessments of insured depository institutions. The 
proposed regulations enhance the Agencies' ability to address 
misconduct by accountants who perform annual audit and attestation 
services.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/08/03                     68 FR 1116
Correction                      01/31/03                     68 FR 4967
Correction                      01/31/03                     68 FR 5075
Final Rule                      07/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Christine Smith, Project Manager (Supervision Policy), 
Department of the Treasury, Office of Thrift Supervision, 1700 G Street 
NW., Washington, DC 20552
Phone: 202 906-5740

Teresa Scott, Counsel (Banking and Finance), Department of the 
Treasury, Office of Thrift Supervision, 1700 G Street NW., Washington, 
DC 20552
Phone: 202 906-6478
Fax: 202 905-6518
Email: teresa.scott@ots.treas.gov

RIN: 1550-AB53
_______________________________________________________________________
Department of the Treasury (TREAS)                    Long-Term Actions
Office of Thrift Supervision (OTS)
_______________________________________________________________________

2878. DIRECTORS AND OFFICERS

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 545; 12 CFR 563

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                             To Be                       Determined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Robyn Dennis
Phone: 202 906-5751

David A. Permut
Phone: 202 906-7505

Karen Osterloh
Phone: 202 906-6639

RIN: 1550-AB19
_______________________________________________________________________

2879. FAIR CREDIT REPORTING

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 571

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/20/00                    65 FR 63120
NPRM Comment Period End         12/04/00
NPRM Update                     03/27/01                    66 FR 16624
Second NPRM                      To Be                       Determined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Cindy Baltierra
Phone: 202 906-6540

Paul Robin
Phone: 202 906-6648

RIN: 1550-AB33
_______________________________________________________________________

2880. COMMUNITY REINVESTMENT ACT

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 563e

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Richard Bennett
Phone: 202 906-7409

Theresa A. Stark
Phone: 202 906-7054

Celeste Anderson
Phone: 202 906-7990

RIN: 1550-AB48

[[Page 30890]]

_______________________________________________________________________
Department of the Treasury (TREAS)                    Completed Actions
Office of Thrift Supervision (OTS)
_______________________________________________________________________

2881. RECORDKEEPING AND CONFIRMATION REQUIREMENTS FOR SECURITIES 
TRANSACTIONS; FIDUCIARY POWERS OF SAVINGS ASSOCIATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 550; 12 CFR 551

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Rule                      12/12/02                    67 FR 76293

Regulatory Flexibility Analysis Required: Yes

Government Levels Affected: State, Federal

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

Agency Contact: Timothy Leary
Phone: 202 906-7170

Judi McCormick
Phone: 202 906-5636

RIN: 1550-AB49
_______________________________________________________________________

2882. REGULATORY REPORTING STANDARDS: QUALIFICATIONS FOR INDEPENDENT 
PUBLIC ACCOUNTS PERFORMING AUDIT SERVICES FOR VOLUNTARY AUDIT FILERS

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 562

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              11/25/02                    67 FR 70529
Correction                      12/10/02                    67 FR 75809
Interim Final Rule Comment 
Period End                      01/27/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Teresa Scott
Phone: 202 906-6478
Fax: 202 905-6518
Email: teresa.scott@ots.treas.gov

Christine Smith
Phone: 202 906-5740

RIN: 1550-AB54
_______________________________________________________________________

2883. [bull] SAVINGS ASSOCIATIONS--OPERATIONS; TRANSACTIONS WITH 
AFFILIATES

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1462; 12 USC 1462a; 12 USC 1463; 12 USC 1464; 
12 USC 1467a; 12 USC 1468; 12 USC 1817; 12 USC 1820; 12 USC 1828; 12 
USC 1831o; 12 USC 375b; 12 USC 3806; 42 USC 4106; 44 USC 3501 et seq.

CFR Citation: 12 CFR 506; 12 CFR 559; 12 CFR 562; 12 CFR 563

Legal Deadline: None

Abstract: The Office of Thrift Supervision (OTS) revised its 
regulations on transactions with affiliates. This interim final rule 
conformed OTS' regulations to the Board of Governors of the Federal 
Reserve System's (FRB) final rule implementing sections 23A and 23B of 
the Federal Reserve Act (FRA). The FRB rule (Regulation W) combines 
statutory restrictions on transactions with affiliates with new and 
existing interpretations and exemptions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              12/20/02                    67 FR 77909
Interim Final Rule Comment 
Period End                      02/18/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Donna Deale, Manager, Supervision Policy, Department of 
the Treasury, Office of Thrift Supervision, 1700 G Street NW., 
Washington, DC 20552
Phone: 202 906-7488

Karen Osterloh, Special Counsel, Department of the Treasury, Office of 
Thrift Supervision, 1700 G Street NW., Washington, DC 20552
Phone: 202 906-6639

RIN: 1550-AB55
BILLING CODE 6720-01-S
[FR Doc. 03-10365 Filed 05-23-03; 8:45 am]