<DOC>
[December 13, 2004 (Volume 69, Number 238)]
[Unified Agenda]
From the Federal Register Online via GPO Access [frwais.access.gpo.gov]
[DOCID: f:ua041216.wais]

[Page 73610-73738]
 
Department of the Treasury


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Part XVI








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Semiannual Regulatory Agenda

[[Page 73610]]

DEPARTMENT OF THE TREASURY (TREAS)

_______________________________________________________________________

DEPARTMENT OF THE TREASURY

31 CFR Subtitle A, Chs. I and II

Semiannual Agenda and Fiscal Year 2005 Regulatory Plan

AGENCY: Department of the Treasury.

ACTION: Semiannual regulatory agenda and annual regulatory plan.

_______________________________________________________________________

SUMMARY: This notice is given pursuant to the requirements of the 
Regulatory Flexibility Act (Pub. L. 96-354, September 19, 1980) and 
Executive Order (E.O.) 12866 (``Regulatory Planning and Review,'' 
September 30, 1993), which require the publication by the Department of 
a semiannual agenda of regulations. E.O. 12866 also requires the 
publication by the Department of a regulatory plan for fiscal year 
2005.

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

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

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

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

Dated: October 28, 2004.

 Richard S. Carro,

Senior Advisor to the General Counsel for Regulatory Affairs.

                                    Departmental Offices--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2382        Amendments to the Government Securities Act Regulations: Exemption for Holdings           1505-AB06
            Subject to Fiduciary Standards........................................................
2383        Terrorism Risk Insurance Program; Additional Claims Issues............................    1505-AB09
2384        Terrorism Risk Insurance Program; Recoupments of Federal Share of Compensation for        1505-AB10
            Insured Losses........................................................................
2385        19 CFR 111 Remote Location Filing.....................................................    1505-AB20
2386        Uniform Rules of Origin...............................................................    1505-AB49
2387        Recordation of Copyrights and Enforcement Procedures To Prevent Importation of            1505-AB51
            Piratical Articles....................................................................
2388        Revision of Outbound Redelivery Procedures and Liabilities............................    1505-AB52
2389        19 CFR 101 Centralization of the Continuous Bond Program at the CBP National Finance      1505-AB54
            Center................................................................................
----------------------------------------------------------------------------------------------------------------


                                     Departmental Offices--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2390        31 CFR 501 Reporting and Procedures Regulations; Cuban Assets Control Regulations:        1505-AA95
            Publication of Economic Sanctions Enforcement Guidelines..............................
2391        Country-of-Origin Marking.............................................................    1505-AB21
2392        Expanded Methods of Payment of Duties, Taxes, Interest, and Fees......................    1505-AB22
2393        19 CFR 4 User and Navigation Fees; Other Reimbursable Charges.........................    1505-AB24
2394        19 CFR 10 African Growth and Opportunity Act and Generalized System of Preferences....    1505-AB26
2395        Expanded Weekly Entry Procedure for Foreign Trade Zones...............................    1505-AB27
2396        19 CFR 10 United States-Caribbean Basin Trade Partnership Act and Caribbean Basin         1505-AB28
            Initiative............................................................................

[[Page 73611]]


2397        19 CFR 24 Reimbursable Customs Inspectional Services--Increase in Hourly Rate Charge..    1505-AB29
2398        19 CFR 12 Dog and Cat Protection Act..................................................    1505-AB31
2399        19 CFR 10 Prototypes Used Solely For Product Development, Testing, Evaluation, or         1505-AB32
            Quality Control Purposes..............................................................
2400        19 CFR 10 Preferential Treatment of Brassieres Under the United States-Caribbean Basin    1505-AB33
            Trade Partnership Act.................................................................
2401        19 CFR 141 Single Entry for Unassembled or Disassembled Entities Imported on Multiple     1505-AB34
            Conveyances...........................................................................
2402        19 CFR 10 Implementation of the Andean Trade Promotion and Drug Eradication Act.......    1505-AB37
2403        Trade Benefits Under the African Growth and Opportunity Act...........................    1505-AB38
2404        19 CFR 24 Fees for Customs Processing at Express Courier Facilities...................    1505-AB39
2405        Trade Benefits Under the Caribbean Basin Economic Recovery Act........................    1505-AB40
2406        Tariff Treatment Related to Disassembly Operations Under the North American Free Trade    1505-AB41
            Agreement (NAFTA).....................................................................
2407        Merchandise Processing Fees Eligible to be Claimed as Certain Types of Drawback Based     1505-AB44
            on Substitution of Finished Petroleum Derivatives.....................................
2408        19 CFR 10 United States--Chile Free Trade Agreement...................................    1505-AB47
2409        19 CFR 10 United States--Singapore Free Trade Agreement...............................    1505-AB48
----------------------------------------------------------------------------------------------------------------


                                     Departmental Offices--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2410        31 CFR ch II Possible Regulation of Access to Accounts at Financial Institutions          1505-AA74
            Through Payment Service Providers.....................................................
2411        Financial Activities of Financial Subsidiaries........................................    1505-AA80
2412        Financial Subsidiaries................................................................    1505-AA81
2413        12 CFR 1501.2 Secretary's Determination of Real Estate Brokerage......................    1505-AA84
2414        12 CFR 1501.2 Secretary's Determination of Other Activities Financial in Nature.......    1505-AA85
2415        19 CFR 4 Harbor Maintenance Fee.......................................................    1505-AB11
2416        Donated Cargo Exemption From Harbor Maintenance Fee...................................    1505-AB12
2417        19 CFR 142 Reconciliation.............................................................    1505-AB16
2418        19 CFR 181 North American Free Trade Agreement (NAFTA)--Implementation of Duty-           1505-AB17
            Deferral Program Provisions...........................................................
----------------------------------------------------------------------------------------------------------------


                                     Departmental Offices--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2419        12 CFR 1806 Bank Enterprise Award (BEA) Program.......................................    1505-AA91
2420        12 CFR 1805 Community Development Financial Institutions (CDFI) Program...............    1505-AA92
2421        17 CFR 403.4 Amendments to the Government Securities Act Regulations: Customer            1505-AA94
            Protection-Reserves and Custody of Securities.........................................
2422        31 CFR 1.8 to 1.12 Disclosure of Records in Litigation................................    1505-AA97
2423        Terrorism Risk Insurance Program; Initial Claims Procedure Requirements...............    1505-AB07
2424        Terrorism Risk Insurance Program; Litigation Management...............................    1505-AB08
2425        Textiles and Textile Products Subject to Textile Trade Agreements.....................    1505-AB13
2426        Liquidation; Extension; Suspension....................................................    1505-AB14
2427        19 CFR 12 Detention, Seizure, and Forfeiture of ``Bootleg'' Sound Recording and Music     1505-AB15
            Videos of Live Musical Performances...................................................
2428        19 CFR 12 Entry of Softwood Lumber Shipments From Canada..............................    1505-AB18
2429        Entry of Softwood Lumber Shipments From Canada........................................    1505-AB23
----------------------------------------------------------------------------------------------------------------


[[Page 73612]]


                               Financial Crimes Enforcement Network--Prerule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2430        Customer Identification Programs for Pawn Brokers.....................................    1506-AA39
----------------------------------------------------------------------------------------------------------------


                            Financial Crimes Enforcement Network--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2431        31 CFR 103 Amendment to the Bank Secrecy Act Regulations--Delegation of Authority To      1506-AA08
            Assess Civil Money Penalties on Depository Institutions...............................
2432        Customer Identification Programs for Travel Agents....................................    1506-AA38
2433        Customer Identification Programs for Loan and Finance Companies.......................    1506-AA40
2434        Customer Identification Programs for Sellers of Vehicles..............................    1506-AA41
2435        31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering       1506-AA69
            Programs for Travel Agencies..........................................................
2436        31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering       1506-AA73
            Programs for Loan and Finance Companies...............................................
2437        31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering       1506-AA79
            Programs for Persons Involved in Real Estate Closings and Settlements.................
2438        31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering       1506-AA80
            Programs for Businesses Engaged in Vehicle Sales, Including Automobiles, Airplane, and
            Boat Sales............................................................................
----------------------------------------------------------------------------------------------------------------


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

[[Page 73613]]


2456        31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering       1506-AA75
            Programs for Commodity Trading Advisors...............................................
2457        31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering       1506-AA76
            Programs for Operators of a Credit Card System........................................
2458        31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering       1506-AA77
            Programs for Unregistered Investment Companies........................................
2459        31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering       1506-AA78
            Programs for Dealers in Precious Metals, Stones, or Jewels............................
----------------------------------------------------------------------------------------------------------------


                             Financial Crimes Enforcement Network--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2460        31 CFR 103 Amendments to the Bank Secrecy Act Regulations--Special Reporting and          1506-AA19
            Recordkeeping Requirements--Money Services Businesses (MSBs)..........................
----------------------------------------------------------------------------------------------------------------


                                Financial Management Service--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2461        31 CFR 245 Claims on Account of Treasury Checks.......................................    1510-AA51
----------------------------------------------------------------------------------------------------------------


                                 Financial Management Service--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2462        31 CFR 256 Payments Under Judgment and Private Relief Acts............................    1510-AA52
2463        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........................
2464        31 CFR 285.7 Salary Offset............................................................    1510-AA70
2465        31 CFR 285.8 Offset of Tax Refund Payment To Collect State Income Tax Obligations.....    1510-AA78
2466        31 CFR 901.9 Federal Claims Collection Standard--Collection by Installments...........    1510-AA91
2467        Indorsement and Payment of Checks Drawn on the U.S. Treasury..........................    1510-AA99
2468        Federal Government Participation in the ACH...........................................    1510-AB00
2469        Payment of Federal Taxes and the Treasury Tax and Loan Program........................    1510-AB01
----------------------------------------------------------------------------------------------------------------


                                 Financial Management Service--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2470        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).........
2471        31 CFR 285.14 Public Dissemination of Identity of Delinquent Debtors..................    1510-AA72
2472        31 CFR 223 Surety Bond Reimbursement Fund.............................................    1510-AA85
----------------------------------------------------------------------------------------------------------------


[[Page 73614]]


                                 Financial Management Service--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2473        31 CFR 281 Foreign Exchange Operations................................................    1510-AA48
2474        31 CFR 206 Management of Federal Agency Receipts and Disbursements; Operation of the      1510-AA86
            Cash Management Improvement Fund......................................................
2475        31 CFR 215 Withholding of District of Columbia, State, City, and County Income, or        1510-AA90
            Employment Taxes by Federal Agencies..................................................
2476        Payment of Federal Taxes and the Treasury Tax and Loan Program........................    1510-AA96
2477        Federal Government Participation in the Automated Clearing House (ACH)................    1510-AA97
2478        Federal Government Participation in the Automated Clearing House (ACH)................    1510-AA98
----------------------------------------------------------------------------------------------------------------


                          Alcohol and Tobacco Tax and Trade Bureau--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2479        27 CFR 4 Prohibition of Alcohol Beverage Containers and Standard of Fill for Distilled    1513-AA07
            Spirits and Wine......................................................................
2480        Availability of Information...........................................................    1513-AA98
2481        27 CFR 270 Determination of Tax and Recordkeeping on Large Cigars.....................    1513-AA16
2482        27 CFR 19, subpart W Proposed Revisions to the Distilled Spirits Plant Regulations....    1513-AA23
2483        27 CFR 44 Regulatory Changes From Customs Service Final Rule..........................    1513-AA26
2484        27 CFR 40 Shipments of Tobacco Products or Cigarette Papers or Tubes Without Payment      1513-AA27
            of Tax................................................................................
2485        27 CFR 17 Tax-Paid Distilled Spirits Used in Manufacturing Products Unfit for Beverage    1513-AA37
            Use...................................................................................
2486        27 CFR 4 Proposed Addition of New Grape Variety Names for American Wines..............    1513-AA42
2487        27 CFR 40 Marks, Labels, Notices and Bonds for, and Removal of, Tobacco Products, and     1513-AA49
            Cigarette Papers and Tubes............................................................
2488        27 CFR 9 Petition To Establish ``Santa Maria Bench'' as a New American Viticultural       1513-AA51
            Area..................................................................................
2489        27 CFR 40 In-Transit Stops of Tobacco Products, and Cigarette Papers and Tubes Without    1513-AA52
            Payment of Tax........................................................................
2490        27 CFR 9 Petition To Expand the Livermore Valley Viticultural Area....................    1513-AA54
2491        27 CFR 9 San Francisco Bay and Central Coast Viticultural Areas--Boundary Realignment/    1513-AA55
            Expansion.............................................................................
2492        Petition To Establish the ``Fort Ross Seaview'' Viticultural Area.....................    1513-AA64
2493        27 CFR 9 Petition To Establish ``Grand Lake O' the Cherokees'' as a New American          1513-AA66
            Viticultural Area.....................................................................
2494        Petition No. 2 To Expand the Russian River Valley Viticultural Area...................    1513-AA67
2495        Petition To Establish the ``Shawnee Hills'' Viticultural Area.........................    1513-AA70
2496        Proposed Amended Boundaries for the Santa Lucia Highlands and the Arroyo Seco             1513-AA72
            Viticultural Area.....................................................................
2497        Petition To Establish ``Texoma'' as a Viticultural Area...............................    1513-AA77
2498        Petition To Establish the ``High Valley'' Viticultural Area...........................    1513-AA79
2499        Proposed Establishment of Alta Mesa Viticultural Area.................................    1513-AA82
2500        Proposed Establishment of the Cosumnes River Viticultural Area........................    1513-AA83
2501        Proposed Establishment of Deer Creek Hills Viticultural Area..........................    1513-AA84
2502        Proposed Establishment of Mokelumne River Viticultural Area...........................    1513-AA85
2503        Proposed Establishment of Jahant Viticultural Area....................................    1513-AA86
2504        Proposed Establishment of Borden Ranch Viticultural Area..............................    1513-AA87
2505        Proposed Establishment of Clements Hills Viticultural Area............................    1513-AA88
2506        Proposed Establishment of the Mt. Oso Viticultural Area...............................    1513-AA89
2507        Proposed Establishment of Covelo Viticultural Area....................................    1513-AA90
2508        Proposed Establishment of Horse Heaven Hills..........................................    1513-AA91
2509        Petition to Establish ``Calistoga'' as an American Viticultural Area..................    1513-AA92
2510        Ramona Valley Viticultural Area.......................................................    1513-AA94
2511        Dos Rios Viticultural Area............................................................    1513-AA95
2512        Niagara Escarpment Viticultural Area..................................................    1513-AA97
----------------------------------------------------------------------------------------------------------------


                           Alcohol and Tobacco Tax and Trade Bureau--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2513        27 CFR 9 Petition To Establish ``Alexandria Lakes'' as a New American Viticultural        1513-AA45
            Area..................................................................................

[[Page 73615]]


2514        Administrative Changes to Alcohol, Tobacco, and Firearms Regulations Due to the           1513-AA80
            Homeland Security Act of 2002.........................................................
2515        Removal of Tobacco Products and Cigarette Papers and Tubes, Without Payment of Tax,       1513-AA99
            for United States Use in Law Enforcement Activities...................................
2516        27 CFR 275 Implementation of Public Law 105-33, Section 9302, Requiring the               1513-AA10
            Qualification of Tobacco Product Importers and Miscellaneous Technical Amendments.....
2517        27 CFR 7 Flavored Malt Beverages and Related Proposals................................    1513-AA12
2518        27 CFR 31 Liquor Dealers; Recodification of Regulations...............................    1513-AA19
2519        27 CFR 24 Production of Dried Fruit and Honey Wines...................................    1513-AA21
2520        27 CFR 9 Petition To Establish the ``Trinity Lake'' Viticultural Area.................    1513-AA29
2521        27 CFR 4 Proposal To Recognize Synonyms for Petite Sirah and Zinfandel Grape Varieties    1513-AA32
2522        27 CFR 9 Petition for the Establishment of ``Red Hill'' as an American Viticultural       1513-AA39
            Area..................................................................................
2523        27 CFR 9 Petition To Establish ``Eola Hills'' as a New American Viticultural Area.....    1513-AA41
2524        27 CFR 4 Organic Claims in Labeling and Advertising of Alcohol Beverages..............    1513-AA46
2525        27 CFR 9 Petition To Establish ``Dundee Hills'' as a New American Viticultural Area...    1513-AA50
2526        27 CFR 9 Petition To Establish ``Chehalem Mountains'' as a New American Viticultural      1513-AA57
            Area..................................................................................
2527        27 CFR 9 Petition To Establish ``Ribbon Ridge'' as a New American Viticultural Area...    1513-AA58
2528        27 CFR 9 Petition To Establish ``Yamhill-Carlton District'' as a New American             1513-AA59
            Viticultural Area.....................................................................
2529        27 CFR 7 Labeling and Advertising of Malt Beverages...................................    1513-AA60
2530        Petition To Establish ``McMinnville'' as an American Viticultural Area in Oregon......    1513-AA63
2531        Petition To Establish ``Southern Oregon'' as a Viticultural Area......................    1513-AA75
2532        Materials Authorized for the Treatment of Wine and Juice; Processes Authorized for the    1513-AA96
            Treatment of Wine, Juice, and Distilling Material.....................................
----------------------------------------------------------------------------------------------------------------


                           Alcohol and Tobacco Tax and Trade Bureau--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2533        27 CFR 252 Exportation of Liquors.....................................................    1513-AA00
2534        27 CFR 24.278 Implementation of Wine Credit Provisions of Public Law 104-188..........    1513-AA05
2535        27 CFR 24.66 Implementation of Public Law 105-34, Section 1416, Relating to Refund of     1513-AA06
            Tax for Domestic Wine Returned to Bond Regardless of Merchantability (Taxpayer Relief
            Act of 1997)..........................................................................
2536        27 CFR 4 Amended Standard of Identity for Sherry......................................    1513-AA08
2537        27 CFR 275 Prohibited Marks on Packages of Tobacco Products and Cigarette Papers and      1513-AA14
            Tubes Imported or Brought into the United States......................................
----------------------------------------------------------------------------------------------------------------


                           Alcohol and Tobacco Tax and Trade Bureau--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2538        27 CFR 7 Revision of Brewery Regulations and Issuance of Regulations for Taverns on       1513-AA02
            Brewery Premises (Brewpubs)...........................................................
2539        27 CFR 4.32(d) Removal of Requirement To Disclose Saccharin in the Labeling of Wine,      1513-AA15
            Distilled Spirits, and Malt Beverages.................................................
2540        27 CFR 275 Tobacco Products and Cigarette Papers and Tubes Shipped from Puerto Rico to    1513-AA17
            the United States.....................................................................
2541        27 CFR 270 Elimination of Statistical Classes for Large Cigars........................    1513-AA18
2542        27 CFR 41 Importation of Tobacco Products and Cigarette Papers and Tubes;                 1513-AA20
            Recodification of Regulations.........................................................
2543        27 CFR 9 Petition To Establish the ``Santa Barbara Highlands'' Viticultural Area......    1513-AA24
2544        27 CFR 9 Proposed ``San Bernabe'' Viticultural Area...................................    1513-AA28
2545        27 CFR 9 Petition To Establish ``Red Hills Lake County'' American Viticultural Area...    1513-AA33
2546        31 CFR 8 Eliminate Requirement To Enroll To Practice Before the Bureau................    1513-AA62
2547        Petition To Establish the ``Alexander Mountain'' Viticultural Area....................    1513-AA65
2548        Petition To Establish the ``Salado Creek'' Viticultural Area..........................    1513-AA69
2549        Removal of Requirement To Disclose Saccharin in the Labeling of Wine, Distilled           1513-AA93
            Spirits, and Malt Beverage............................................................
----------------------------------------------------------------------------------------------------------------


[[Page 73616]]


                                Comptroller of the Currency--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2550        Recordkeeping Requirements for Bank Exceptions From Securities Broker or Dealer           1557-AB93
            Registration..........................................................................
2551        12 CFR 25 Community Reinvestment Act Regulation (12 CFR 25)...........................    1557-AB98
2552        12 CFR 4 Rules, Policies, and Procedures for Corporate Activities; Licensing              1557-AC79
            Procedures............................................................................
2553        Identity Theft Detection, Prevention, and Mitigation Program for Financial                1557-AC87
            Institutions and Creditors............................................................
2554        Implementation of a Revised Basel Capital Accord (Basel II) (Reg Plan Seq No. 113)....    1557-AC91
----------------------------------------------------------------------------------------------------------------
References in boldface appear in the Regulatory Plan in part II of this issue of the Federal Register.


                                  Comptroller of the Currency--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2555        Electronic Filing and Disclosure of Beneficial Ownership Reports......................    1557-AC75
2556        Rules, Policies, and Procedures for Corporate Activities; Operating Subsidiary Annual     1557-AC81
            Report................................................................................
2557        12 CFR 19.240 Rules, Policies, and Procedures for Corporate Activities; Civil Monetary    1557-AC82
            Penalties Adjustment..................................................................
2558        12 CFR 30 app B Proper Disposal of Consumer Information...............................    1557-AC84
2559        Fair Credit Reporting Regulations; Use of Medical Information; FACT Act...............    1557-AC85
2560        Fair Credit; Affiliate Marketing Regulations..........................................    1557-AC88
2561        Securities Borrowing Transactions.....................................................    1557-AC90
2562        Interagency Guidance on Response Programs for Unauthorized Access to Customer             1557-AC92
            Information and Customer Notice.......................................................
----------------------------------------------------------------------------------------------------------------


                                 Comptroller of the Currency--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2563        Interagency Proposal To Consider Alternative Forms of Privacy Notices Under the Gramm-    1557-AC80
            Leach-Bliley Act......................................................................
2564        Community Reinvestment Act Regulations................................................    1557-AC86
2565        Accuracy and Integrity of Information Furnished to a Consumer Reporting Agency........    1557-AC89
----------------------------------------------------------------------------------------------------------------


                                 Comptroller of the Currency--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2566        Fair Credit Reporting Regulations.....................................................    1557-AB78
2567        12 CFR 19 Maintenance of Records......................................................    1557-AB99
2568        12 CFR 5 Rules, Policies, and Procedures for Corporate Activities.....................    1557-AC11
2569        Risk-Based Capital; Capital Adequacy Guidelines; Capital Maintenance: Interim Capital     1557-AC76
            Treatment of Consolidated Asset-Backed Commercial Paper Program Assets................
2570        Lending Limits Pilot Program..........................................................    1557-AC83
----------------------------------------------------------------------------------------------------------------


                                  Internal Revenue Service--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2571        Foreign Insurance Companies...........................................................    1545-AL82
2572        Computation of a Branch's Taxable Income; Taxation of Exchange Gain or Loss on Branch     1545-AM12
            Remittances...........................................................................
2573        Outbound Transfers of Property to Foreign Corporations................................    1545-AM97
2574        Foreign Insurance Company--Domestic Election..........................................    1545-AO25
2575        Taxation of Global Trading............................................................    1545-AP01
2576        Information Reporting and Record Maintenance..........................................    1545-AP10
2577        Integrated Financial Transaction......................................................    1545-AR20

[[Page 73617]]


2578        Foreign Trusts Regulations............................................................    1545-AR25
2579        Treatment of Dual Consolidated Losses.................................................    1545-AR26
2580        Application of Attribution Rules to Foreign Trusts....................................    1545-AU91
2581        Agreements for Payment of Tax Liabilities in Installments.............................    1545-AU97
2582        Rules for Sourcing Certain Transportation Income, Space, or Ocean Activity Income, and    1545-AX02
            Related Foreign Base Company Shipping Income..........................................
2583        Inspection of Written Determinations..................................................    1545-AX40
2584        Cash or Deferred Arrangements (Temporary).............................................    1545-AX43
2585        Awarding of Costs and Certain Fees....................................................    1545-AX46
2586        Highly Compensated Employee...........................................................    1545-AX48
2587        Modification to Section 367(a) Stock Transfer Regulations.............................    1545-AX77
2588        Definition of Passive Foreign Investment Company Under Section 1297...................    1545-AX78
2589        Clarification of Foreign-Based Company Sales Income Rules.............................    1545-AX91
2590        Guidance on Changes to the Laws for Corporate Estimated Taxes.........................    1545-AY22
2591        Withholding Tax on Foreign Partners' Share of Effectively Connected Income............    1545-AY28
2592        Taxable Years of Controlled Foreign Corporations (CFCs) and Foreign Personal Holding      1545-AY30
            Companies (FPHCs).....................................................................
2593        Special Rules Relating to Transfers of Intangibles to Foreign Corporations............    1545-AY41
2594        Previously Taxed Earnings and Profits Under Subpart F.................................    1545-AY54
2595        Liabilities Assumed in Certain Corporate Transactions.................................    1545-AY74
2596        Disclosure of Returns and Return Information in Judicial and Administrative Tax           1545-AY89
            Proceedings...........................................................................
2597        Transitional Relief for Qualified Intermediaries......................................    1545-AY92
2598        Transactions Involving Obligations of Consolidated Group Members......................    1545-BA11
2599        Deductibility of Employer Contributions for Deferred Compensation.....................    1545-BA13
2600        Gasoline Tax Claims...................................................................    1545-BA27
2601        Suspension of Statutes of Limitation in John Doe and Third-Party Summons Disputes, and    1545-BA31
            Expansion of Taxpayers' Rights To Receive Notice and Seek Judicial Review of Third
            Party Summonses.......................................................................
2602        Income From Sources Within Specified Possession.......................................    1545-BA37
2603        Treatment of Certain Obligation-Shifting Transactions.................................    1545-BA41
2604        Multifamily Housing Bonds.............................................................    1545-BA45
2605        Allocation and Apportionment Rules: Guidance on Selected Issues.......................    1545-BA64
2606        Provisions Regarding Cross-Border Transactions........................................    1545-BA65
2607        Circular 230--Phase 2 Nonshelter Revisions............................................    1545-BA72
2608        Allocation of New Markets Tax Credit..................................................    1545-BA84
2609        Guidance To Facilitate Electronic Tax Administration..................................    1545-BA96
2610        Timely Mailing Treatment..............................................................    1545-BA99
2611        Communications Excise Tax; Taxable Communication Services.............................    1545-BB04
2612        Cost Sharing..........................................................................    1545-BB26
2613        Application of Separate Limitations to Dividends From Noncontrolled Section 902           1545-BB28
            Corporation...........................................................................
2614        Amending the Low-Income Housing Tax Credit Program....................................    1545-BB37
2615        Substitute Dividend Payments in Securities Lending and Similar Transactions...........    1545-BB56
2616        Loss Limitation Rules--General Utilities Repeal.......................................    1545-BB61
2617        Safe Harbor Leasing Second Interest Capitalization....................................    1545-BB62
2618        Contributions To Purchase Certain Retirement Annuities or Custodial Accounts Under        1545-BB64
            Section 403(b)........................................................................
2619        Liquidation of an Interest............................................................    1545-BB71
2620        REMIC Residuals--Timing of Income for Foreign Holders.................................    1545-BB84
2621        Predecessors or Successors Under Section 355(e).......................................    1545-BB85
2622        Dependent Care Credit.................................................................    1545-BB86
2623        Guidance Regarding Mark-to-Market Valuation for Certain Securities....................    1545-BB90
2624        Partnership Equity for Services.......................................................    1545-BB92
2625        Determination of Single-Sum Distributions From Cash Balance Plans.....................    1545-BB93
2626        Accrual for Certain REMIC Regular Interests...........................................    1545-BB94
2627        Miscellaneous Changes to Collection Due Process Procedures Relating to Notice and         1545-BB96
            Opportunity for Hearing Upon Filing of Notice of Lien.................................
2628        Miscellaneous Changes to Collection Due Process Procedures Relating to Hearings Before    1545-BB97
            Levy..................................................................................
2629        General Allocation and Accounting Regulations.........................................    1545-BC07
2630        Utility Allowance Regulation Update...................................................    1545-BC22
2631        Guidance Regarding Application of Section 265(a)(2) and 246A in Transactions Involving    1545-BC24
            Related Parties, Pass-Through Entities, or Other Intermediaries.......................
2632        Guidance on PFIC Purging Elections....................................................    1545-BC37

[[Page 73618]]


2633        Additional Guidance Regarding Mark-to-Market Accounting for Traders in Securities and/    1545-BC48
            or Commodities, Including Foreign Currency Instruments................................
2634        Stewardship Expenses..................................................................    1545-BC52
2635        Coordination of United States and Certain Possessions Income Taxes....................    1545-BC54
2636        Guidance Under Section 2053 Regarding Post-Death Events...............................    1545-BC56
2637        Guidance Under Section 707 Regarding Disguised Sales..................................    1545-BC63
2638        Collection After Assessment...........................................................    1545-BC72
2639        Below-Market Loans....................................................................    1545-BC78
2640        Information Reporting Relating to Taxable Stock Transactions..........................    1545-BC80
2641        Definition of Loss for Purposes of the Straddle Rules.................................    1545-BC83
2642        Determination of Residency in U.S. Possessions........................................    1545-BC86
2643        Transactions Involving the Transfer of No Net Equity Value............................    1545-BC88
2644        Payments in the Nature of Workers Compensation........................................    1545-BC89
2645        Disclosures to Subcontractors.........................................................    1545-BC92
2646        Revision of Section 301.6103(j)-1 for Disclosure to the Bureau of Economic Analysis,      1545-BC93
            Department of Commerce................................................................
2647        Guidance Regarding the Active Trade or Business Requirement Under Section 355(b)......    1545-BC94
2648        Accumulated Adjustment Account and Other Corporate Separations Under Section 355......    1545-BC98
2649        Attained Age of the Insured...........................................................    1545-BD00
2650        Support Test in the Case of a Child of Divorced Parents...............................    1545-BD01
2651        Dual Consolidated Loss Regulations....................................................    1545-BD10
2652        Current Liability Interest Rate Under Section 412(b)(5)...............................    1545-BD13
2653        Definition of Qualified Foreign Corporation...........................................    1545-BD15
2654        Move and Update the Estimated Tax Regulations.........................................    1545-BD17
2655        REMIC Interest-Only Regular Interests.................................................    1545-BD18
2656        Escrow Accounts, Trusts, and Other Funds Used During Deferred Exchanges of Like-Kind      1545-BD19
            Property..............................................................................
2657        Section 42 Qualified Contract Provisions..............................................    1545-BD20
2658        Payments for Which No Return of Information is Required Under Section 6041............    1545-BD21
2659        Interest on Large Corporate Underpayments Under Section 6621 (c)......................    1545-BD22
2660        Guidance on Phased Retirement.........................................................    1545-BD23
2661        Definition of Disqualified Person.....................................................    1545-BD28
2662        Requirements for Reorganizations......................................................    1545-BD31
2663        Underpayment for Qualified Amended Returns............................................    1545-BD40
2664        Application of Sections 304(b)(6) and 367 in Cross Border Section 304 Transactions....    1545-BD46
2665        Salary Reduction Agreement Under Section 312(a)(5)(D) (Temporary).....................    1545-BD50
2666        HIPAA Portability: Special Enrollment Procedures, Tolling, and Interaction with FMLA..    1545-BD51
2667        Update of 415 Regulations.............................................................    1545-BD52
2668        Guidance Under Section 1502; Miscellaneous Operating Rules for Successor Persons;         1545-BD54
            Applicability of Section 381..........................................................
2669        Aggregate Computation; Allocation of Research Credit II...............................    1545-BD60
2670        Classification of Indian Tribal Corporations..........................................    1545-BD61
2671        Mandatory e-Filing for Forms 1120.....................................................    1545-BD65
2672        REMIC Residuals-Foreign Holders (Temporary)...........................................    1545-BD66
2673        Declaratory Judgment--Gift Tax Value..................................................    1545-BD67
2674        Use of Electronic Technologies for Providing Notices and Transmitting Elections and       1545-BD68
            Consents..............................................................................
2675        Disabled Access Credit................................................................    1545-BD69
2676        Section 704(b)(2) and Substantiality..................................................    1545-BD70
2677        Regulations Under Section 706 Regarding Taxable Year of a Partnership.................    1545-BD71
2678        Shareholder's Basis in Stock of an S Corporation......................................    1545-BD72
2679        Guidance Under Section 707(c) Regarding Guaranteed Payments...........................    1545-BD74
2680        Guidance Under Section 368 Regarding Mergers With and Into a Foreign Corporation......    1545-BD76
2681        Classification of Certain Foreign Entities............................................    1545-BD77
2682        Classification of Certain Foreign Entities (Temporary)................................    1545-BD78
2683        Possible Update and Revision of Treasury Regulation Sections 1.381(c)(4) and (5)-1....    1545-BD81
2684        Amendments to 26 CFR Section 1.263(a)-5 Regarding Treatment of Capitalized Costs......    1545-BD82
2685        Guidance Regarding Selected Issues Under Section 336(e)...............................    1545-BD84
2686        Guidance Under Section 79.............................................................    1545-BD85
2687        Definition of the ``Due Date'' for Purposes of Calculating Overpayment Interest Under     1545-BD86
            Section 301.6611(h)...................................................................
----------------------------------------------------------------------------------------------------------------


[[Page 73619]]


                                   Internal Revenue Service--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2688        Foreign Corporations..................................................................    1545-AK74
2689        Nonrecognition of Corporate Distributions and Reorganizations Under the Foreign           1545-AK79
            Investment in Real Property Tax Act...................................................
2690        Registration Required Obligations.....................................................    1545-AP33
2691        Interest-Free Adjustments.............................................................    1545-AQ61
2692        Definition of ``Highly Compensated Employee''.........................................    1545-AQ74
2693        Escrow Funds and Other Similar Funds..................................................    1545-AR82
2694        Mark-to-Market Upon Disposition.......................................................    1545-AS85
2695        Straddles---Miscellaneous Issues......................................................    1545-AT46
2696        Definition of Private Activity Bond--Refunding Regulations............................    1545-AU98
2697        Return of Levied Property in Certain Cases............................................    1545-AV01
2698        Electronic Transmission of Withholding Certificates...................................    1545-AV27
2699        Mark-to-Market Accounting for Dealers in Commodities and Traders in Securities and        1545-AW06
            Commodities...........................................................................
2700        Intercompany Obligations..............................................................    1545-AW30
2701        Capital Gain Guidance Relating to CRTs................................................    1545-AW35
2702        Reporting of Payments to Attorney.....................................................    1545-AW72
2703        Highway Vehicle--Definition...........................................................    1545-AX10
2704        Guidance on Cost Recovery in the Entertainment Industry...............................    1545-AX12
2705        Cash or Deferred Arrangements.........................................................    1545-AX26
2706        Stock Transfer Rules--Carryover of Earnings and Taxes.................................    1545-AX65
2707        Allocation and Apportionment of Interest Expense and Certain Other Expenses...........    1545-AX72
2708        HIPAA Portability.....................................................................    1545-AX84
2709        Capitalization of Interest and Carrying Charges Properly Allocable to Straddles.......    1545-AX92
2710        Assumption of Partnership Liabilities.................................................    1545-AX93
2711        Authorized Placement Agency...........................................................    1545-AY18
2712        HIPAA General Nondiscrimination.......................................................    1545-AY32
2713        HIPAA Nondiscrimination Exception for Church Plans....................................    1545-AY33
2714        HIPAA Nondiscrimination Exception for Bona Fide Wellness Programs.....................    1545-AY34
2715        Information Reporting on Cancellation of Indebtedness.................................    1545-AY35
2716        Allocation of Income and Deductions from Intangibles..................................    1545-AY38
2717        Guidance Under Section 355(e); Recognition of Gain on Certain Distributions of Stock      1545-AY42
            or Securities in Connection With an Acquisition.......................................
2718        Election--Asset Acquisitions of Insurance Companies...................................    1545-AY49
2719        Tax Treatment of Cafeteria Plans......................................................    1545-AY67
2720        Normalization.........................................................................    1545-AY75
2721        New Market Tax Credit.................................................................    1545-AY87
2722        Reductions of Accruals and Allocations Because of Increased Age.......................    1545-BA10
2723        Property Exempt from Levy.............................................................    1545-BA22
2724        Amendment to the Definition of Refunding..............................................    1545-BA46
2725        Loss Limitation Rules.................................................................    1545-BA52
2726        Modification of Check the Box Regulations.............................................    1545-BA59
2727        Circular 230--Tax Shelter Amendments..................................................    1545-BA70
2728        Carryback of Consolidated Net Operating Losses to Separate Return Years...............    1545-BA73
2729        Redemptions Treated as Dividends......................................................    1545-BA80
2730        Reporting Requirements for Widely Held Fixed Investment Trusts........................    1545-BA83
2731        Guidance on Reporting of Deposit Interest Paid to Nonresident Aliens..................    1545-BA86
2732        Aggregate Computation and Allocation of Research Credit...............................    1545-BA88
2733        Designated IRS Officer or Employee....................................................    1545-BA89
2734        Allocation of Foreign Tax Credits Among Partners......................................    1545-BB11
2735        Distributions of Property.............................................................    1545-BB12
2736        Testimony Authorizations and Requests for IRS Information.............................    1545-BB15
2737        Toll Telephone Service--Definition....................................................    1545-BB18
2738        Authorization for IRS To Charge Fees For Copying Exempt Organization Returns..........    1545-BB21
2739        Duplicative Tax Benefits..............................................................    1545-BB25
2740        Extension of Time for Filing Returns..................................................    1545-BB29
2741        Treatment of Services Under Section 482...............................................    1545-BB31
2742        Investment Adjustment Rules and Waiver of Loss Carryovers From SRLY Years--Amended....    1545-BB38
2743        Limitation on Use of Nonaccrual Experience Method of Accounting.......................    1545-BB43
2744        Election Out Generation-Skipping Transfer Tax (GST) Deemed Allocations................    1545-BB54

[[Page 73620]]


2745        Special Depreciation Allowance........................................................    1545-BB57
2746        Information Reporting Relating to Taxable Stock Transactions..........................    1545-BB60
2747        Use of Government Depositaries in Connection With Tax Under the Federal Unemployment      1545-BB66
            Tax Act...............................................................................
2748        Use of Government Depositaries in Connection With Tax Under the Federal Unemployment      1545-BB67
            Tax Act (Temporary)...................................................................
2749        Qualified Interests...................................................................    1545-BB72
2750        Collected Excise Taxes; Duties of Collector...........................................    1545-BB75
2751        Guidance on Life Insurance and Annuity Contracts......................................    1545-BB77
2752        Application of Nondiscrimination Cross-Testing Rules To Cash Balance Plans............    1545-BB79
2753        Notional Principal Contracts; Contingent Nonperiodic Payments.........................    1545-BB82
2754        New Markets Tax Credit Amendments.....................................................    1545-BC03
2755        Tax Exempt Bond Partnership Reporting Regulation......................................    1545-BC04
2756        Determination of Basis of Securities Received in Exchange or With Respect to a Stock      1545-BC05
            or Securities in Certain Transactions.................................................
2757        Entry of Taxable Fuel.................................................................    1545-BC08
2758        Notarization Requirement for Statements of Purchase...................................    1545-BC11
2759        Timing and Modification of the Section 59(e) Election.................................    1545-BC13
2760        Guidance Necessary To Facilitate Business Electronic Filing...........................    1545-BC15
2761        Contingent at Closing Escrows.........................................................    1545-BC16
2762        Changes in Computing Depreciation.....................................................    1545-BC18
2763        Value of Life Insurance When Distributed From a Qualified Retirement Plan.............    1545-BC20
2764        Special Consolidated Return Rules for Interest Expense Disallowed Under Section           1545-BC23
            265(a)(2).............................................................................
2765        Section 411(d)(6) Protected Benefits..................................................    1545-BC26
2766        Single Determination of Tax for Multiple Pools of Assets of an S Corporation..........    1545-BC29
2767        Deemed Corporate Election for Electing S Corporations.................................    1545-BC32
2768        Prohibited Allocation of Securities in an S Corporation...............................    1545-BC34
2769        Elimination of Forms of Distribution in Defined Contribution Plans....................    1545-BC35
2770        Guidance Under Section 1502; Application of Section 108 to Members of a Consolidated      1545-BC38
            Group.................................................................................
2771        Substitute for Return (SFR) and Automated Substitute for Return (ASFR) (Temporary)....    1545-BC46
2772        Guidance on PFIC Purging Elections....................................................    1545-BC49
2773        Qualified Severance Regulations.......................................................    1545-BC50
2774        Suspension of Running of Period of Limitation During a Proceeding To Enforce or Quash     1545-BC55
            a Designated or Related Summons.......................................................
2775        Guarantee Fees Under Section 143(g)...................................................    1545-BC59
2776        Predeceased Parent Rule...............................................................    1545-BC60
2777        Qualified Zone Academy Bonds; Obligations of States and Political Subdivisions........    1545-BC61
2778        Section 1045 Application to Partnerships..............................................    1545-BC67
2779        Section 179 Elections.................................................................    1545-BC69
2780        Real Estate Mortgage Investment Conduit (REMIC) Tetra Rules...........................    1545-BC71
2781        Guidance Under Section 1502; Application of Section 108 to Members of a Consolidated      1545-BC74
            Group.................................................................................
2782        Student FICA Guidance.................................................................    1545-BC81
2783        Exclusion of Employees of 501(c)(3) Organization in 401(k) and 401(m) Plans...........    1545-BC87
2784        Guidance Under Section 1502; Application of Section 108 to Members of a Consolidated      1545-BC95
            Group; Computation of Taxable Income When Section 108 Applies to a Member of a
            Consolidated Group....................................................................
2785        Solid Waste Disposal Facilities.......................................................    1545-BD04
2786        Treatment of Foreign Stapled Corporation (Temporary)..................................    1545-BD06
2787        Deemed IRAs in Governmental Plans/Qualified Nonbank Trustee Rules.....................    1545-BD07
2788        Public Inspection of Written Determinations Under Section 6110 of the Internal Revenue    1545-BD09
            Code (Temporary)......................................................................
2789        Current Liability Interest Rate Under Section 412(b)(5) (Temporary)...................    1545-BD14
2790        Time and Manner of Making Section 163 (d)(4)(B) Election To Treat Qualified Dividend      1545-BD16
            Income as Investment Income...........................................................
2791        Coordination of United States and Certain Possessions Income Taxes (Temporary)........    1545-BD32
2792        Guidance on PFIC Purging Elections (Temporary)........................................    1545-BD33
2793        LIFO Recapture Under Section 1363(d)..................................................    1545-BD34
2794        Clarification of Definitions..........................................................    1545-BD37
2795        Underpayment for Qualified Amended Returns (Temporary)................................    1545-BD42
2796        Allocation and Apportionment of Deductions for Charitable Contributions (Temporary)...    1545-BD47
2797        Treatment of Disregarded Entities Under Section 752...................................    1545-BD48
2798        Section 951 Pro Rata Rules............................................................    1545-BD49
2799        Continuity of Interest/Stock Fluctuation..............................................    1545-BD53

[[Page 73621]]


2800        Manufacturer Incentive Payments in an Intercompany Transaction........................    1545-BD55
2801        Source of Compensation for Labor or Personal Services.................................    1545-BD62
2802        Removal of Section 6661 Regulations...................................................    1545-BD75
2803        Special Rules To Reduce Section 1446 Withholding (Temporary)..........................    1545-BD80
----------------------------------------------------------------------------------------------------------------


                                   Internal Revenue Service--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2804        Income Tax--Taxpayer's Obligation To File a Notice of Redetermination of Foreign Tax      1545-AC09
            and Civil Penalties for Failure To File...............................................
2805        Income Tax--Definition of Qualified Possession Source Investment Income for Purposes      1545-AC10
            of Puerto Rico and Possession Tax Credit..............................................
2806        FSC Transfer Pricing Rules, Distributions, Dividends Received, Deduction, and Other       1545-AI16
            Special Rules for FSC.................................................................
2807        Information From Passport and Immigration Applicants..................................    1545-AJ93
2808        Income of Foreign Governments and International Organizations.........................    1545-AL93
2809        Clarification of Treatment of Separate Limitation Losses..............................    1545-AM11
2810        Earnings and Profits of Controlled Foreign Corporations...............................    1545-AM90
2811        Caribbean Basin Investments...........................................................    1545-AM91
2812        Consolidated Alternative Minimum Tax..................................................    1545-AN73
2813        Conforming Taxable Years of CFCs and FPHCs............................................    1545-AO22
2814        Earnings Stripping Payments...........................................................    1545-AO24
2815        Fringe Benefit Sourcing Under Section 861.............................................    1545-AO72
2816        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..................
2817        Use of GAAP Earnings as E&P of Foreign Corporations...................................    1545-AQ55
2818        The Treatment of Accelerated Death Benefits...........................................    1545-AQ70
2819        Allocation of Accrued Benefits Between Employer and Employee Contributions............    1545-AT82
2820        Foreign Corporations Regulations......................................................    1545-AT96
2821        Application of Grantor Trust Rules to Nonexempt Employees' Trust......................    1545-AU29
2822        Recomputation of Life Insurance Reserves..............................................    1545-AU49
2823        Source Rules for Payments Made Pursuant to Certain Swap Arrangements..................    1545-AU89
2824        Financial Asset Securitization Investment Trust (FASIT) Start-Up; Operational and         1545-AU94
            Transitional Rules....................................................................
2825        Substantiating Travel Expense Deductions for Members of Congress......................    1545-AV55
2826        Stocks and Securities Safe Harbor Exception...........................................    1545-AW13
2827        Transportation of Persons and Property by Air.........................................    1545-AW19
2828        Source of Income From Certain Space and Ocean Activities and for Communications Income    1545-AW50
2829        Constructive Sales of Appreciated Financial Positions.................................    1545-AW97
2830        Definition of Accounting Method.......................................................    1545-AX21
2831        Dollar-Value LIFO.....................................................................    1545-AY39
2832        Special Rules for S Corporations......................................................    1545-AY44
2833        Normal Retirement Age for Pension Plans...............................................    1545-AY61
2834        Payments For Interest in Partnership..................................................    1545-AY90
2835        Mergers Involving Disregarded Entities................................................    1545-BA06
2836        Consolidated Returns; Nonapplicability of Section 357(c)..............................    1545-BA09
2837        Noncompensatory Partnership Options...................................................    1545-BA53
2838        Earnings and Profits Attribution Principles...........................................    1545-BA93
2839        Investigative Disclosures.............................................................    1545-BB16
2840        Mixed Use Output Facilities...........................................................    1545-BB23
2841        Accrual Rules for Creditable Foreign Taxes and Guidance on Change in Taxable Year.....    1545-BB27
2842        Amendment to Section 6724 Relating to Failure To File Correct Information Returns.....    1545-BB41
2843        Installment Obligations...............................................................    1545-BB65
2844        Corporate Reorganizations: Continuity Transfers of Assets or Stock Following a            1545-BB80
            Reorganization........................................................................
2845        Substitute for Return (SFR) and Automated Substitute for Return (ASFR)................    1545-BC45
2846        Partnerships and Deemed Dispositions of Unrealized Receivables and Inventory Items....    1545-BC65
2847        Regulations Governing the Performance of Actuarial Services Under the Employee            1545-BC82
            Retirement Income Security Act of 1974................................................

[[Page 73622]]


2848        Treatment of Foreign Stapled Corporation..............................................    1545-BD05
2849        Stock Held by Foreign Insurance Companies.............................................    1545-BD27
2850        Brief Asset Holding Period (Temporary)................................................    1545-BD38
2851        Brief Asset Holding Period............................................................    1545-BD39
2852        Transfers of Restricted Stock.........................................................    1545-BD44
2853        Transfers of Restricted Stock (Temporary).............................................    1545-BD45
2854        Asset Transfers Following Putative Reorganizations....................................    1545-BD56
2855        Guidance Under Section 6501(c)(1) Regulations.........................................    1545-BD73
----------------------------------------------------------------------------------------------------------------


                                   Internal Revenue Service--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2856        Charitable Contributions..............................................................    1545-AP30
2857        Foreign Tax Credit Anti-Abuse Regulation..............................................    1545-AV97
2858        Interest on Education Loans...........................................................    1545-AW01
2859        Contingent Debt Instrument............................................................    1545-AW33
2860        Delay Rental Payments.................................................................    1545-AX06
2861        Application of Separate Foreign Tax Credit Limitations................................    1545-AX88
2862        Procurement/Purchasing Card Reporting.................................................    1545-BA17
2863        Application of the Federal Insurance Contributions Act, Federal Unemployment Tax Act,     1545-BA26
            and Collection of Income Tax at Source to Statutory Stock Options.....................
2864        Required Distributions from Retirement Plans..........................................    1545-BA60
2865        Interest Other Than That of a Creditor................................................    1545-BA69
2866        Statutory Options.....................................................................    1545-BA75
2867        Disclosure of Relative Value of Distribution Forms....................................    1545-BA78
2868        Partnership Transactions Involving Long-Term Contracts................................    1545-BA81
2869        Transfer of Notes or Stock To Provide for Satisfaction of Contested Liabilities.......    1545-BA90
2870        Place for Filing......................................................................    1545-BB00
2871        Reduced Exclusion of Gain From Sale or Exchange of Principal Residence................    1545-BB01
2872        Change in Use; Accelerated Cost Recovery System.......................................    1545-BB05
2873        Capital Account Bookup................................................................    1545-BB10
2874        Excise Tax Relating To Structured Settlement Factoring Transactions...................    1545-BB14
2875        Advance Rentals.......................................................................    1545-BB44
2876        Administrative Simplification of 481(a) Adjustment Periods in Various Regulations.....    1545-BB47
2877        Deemed IRAs in Qualified Retirement Plans.............................................    1545-BB58
2878        Deemed IRAs in Qualified Retirement Plans (Temporary).................................    1545-BB59
2879        Safe Harbor Leasing Second Interest Capitalization (Temporary)........................    1545-BB63
2880        Availability of Section 338(h)(10) Election in Multistep Transactions.................    1545-BB68
2881        Collected Excise Taxes; Duties of Collector (Temporary)...............................    1545-BB76
2882        Reduction of Tax Attributes Due To Discharge of Indebtedness Income...................    1545-BB98
2883        Transfers of Nonstatutory Stock Options to Related Persons............................    1545-BC06
2884        Preservation of Stock Basis...........................................................    1545-BC28
2885        Depreciation of Vans and Light Trucks.................................................    1545-BC36
2886        Remedial Actions for Tax Exempt Bonds.................................................    1545-BC40
2887        LIFO Recapture Under Section 1362(d)..................................................    1545-BC66
2888        NIMCRUT Valuation Regulations.........................................................    1545-BC85
2889        Electronic Filing of Duplicate Forms 5472.............................................    1545-BD03
2890        Deemed IRAs in Governmental Plans/Qualified Nonbank Trustee Rules (Temporary).........    1545-BD08
2891        Transitional Rule for Vested Accrued Vacation Pay (Temporary).........................    1545-BD12
2892        Deemed Corporate Election for Electing S Corporations (Temporary).....................    1545-BD24
2893        Section 1031 Transition to NAICS......................................................    1545-BD25
2894        Section 1031 Transition to NAICS (Temporary)..........................................    1545-BD26
2895        Entry of Taxable Fuel (Temporary).....................................................    1545-BD29
2896        Time and Manner of Making Section 163(d)(4)(B) Election To Treat Qualified Dividend       1545-BD30
            Income as Investment Income...........................................................
2897        Clarification of Definitions (Temporary)..............................................    1545-BD43

[[Page 73623]]


2898        Guidance Under Section 1502; Waiver of Loss Carryover From Separate Return Limitation     1545-BD58
            Years.................................................................................
2899        Treatment of Certain Settlement Funds as Pertaining To Purchase Price Allocations in      1545-BD59
            Deemed and Actual Asset Acquisitions (Temporary)......................................
2900        Extention of Time To Elect Method for Determining Allowable Loss......................    1545-BD63
2901        Extention of Time To Elect Method For Determining Allowable Loss (Temporary)..........    1545-BD64
----------------------------------------------------------------------------------------------------------------


                                Office of Thrift Supervision--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2902        Risk-Based Capital Guidelines; Implementation of New Basel Capital Accord.............    1550-AB56
2903        12 CFR 506 Securities-Related Activities of Savings Associations......................    1550-AB92
2904        Identity Theft Detection, Prevention, and Mitigation Program for Financial                1550-AB94
            Institutions and Creditors............................................................
----------------------------------------------------------------------------------------------------------------


                                 Office of Thrift Supervision--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2905        12 CFR 568 Proper Disposal of Consumer Information Under the Fair and Accurate Credit     1550-AB87
            Transactions Act of 2003..............................................................
2906        Fair Credit Reporting Medical Information Regulations.................................    1550-AB88
2907        Fair Credit Reporting Affiliate Marketing Regulations.................................    1550-AB90
2908        12 CFR 506 EGRPRA Regulatory Review--Application and Reporting Requirements...........    1550-AB93
----------------------------------------------------------------------------------------------------------------


                                 Office of Thrift Supervision--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2909        12 CFR 563e Community Reinvestment Act................................................    1550-AB48
2910        Community Reinvestment Act Regulations (Geographies)..................................    1550-AB91
----------------------------------------------------------------------------------------------------------------


                                 Office of Thrift Supervision--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2911        12 CFR 571 Fair Credit Reporting......................................................    1550-AB33
2912        Risk-Based Capital Guidelines; Capital Adequacy Guidelines; Capital Maintenance:          1550-AB79
            Consolidation of Asset-Backed Commercial Paper Programs and Other Related Issues......
2913        Interagency Proposal To Consider Alternative Forms of Privacy Notices Under the Gramm-    1550-AB86
            Leach-Bliley Act......................................................................
----------------------------------------------------------------------------------------------------------------


[[Page 73624]]

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

2382. AMENDMENTS TO THE GOVERNMENT SECURITIES ACT REGULATIONS: EXEMPTION 
FOR HOLDINGS SUBJECT TO FIDUCIARY STANDARDS

Priority: Substantive, Nonsignificant

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

CFR Citation: 17 CFR 450.3

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/00/04
NPRM Comment Period End         12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Lori Santamorena, Executive Director, Department of the 
Treasury, Room 315, Government Securities Regulations Staff, 799 9th 
Street NW., Washington, DC 20239
Phone: 202 504-3632
Fax: 202 504-3639
Email: govsecreg@bpd.treas.gov

Lee Grandy, Associate Director, Department of the Treasury, Governement 
Securities Regulations Staff, 799 9th Street NW., Washington, DC 20239
Phone: 202 504-3632
Fax: 202 504-3639
Email: govsecreg@bpd.treas.gov

Deidere R. Brewer, Government Securities Specialist, Department of the 
Treasury, Government Securities Regulations Staff, 799 9th Street NW., 
Washington, DC 20239
Phone: 202 504-3632
Fax: 202 504-3639
Email: govsecreg@bpd.treas.gov

RIN: 1505-AB06
_______________________________________________________________________

2383. TERRORISM RISK INSURANCE PROGRAM; ADDITIONAL CLAIMS ISSUES

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

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

CFR Citation: 31 CFR 50

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04
NPRM Comment Period End         01/00/05
Final Action                    04/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1505-AB09
_______________________________________________________________________

2384. TERRORISM RISK INSURANCE PROGRAM; RECOUPMENTS OF FEDERAL SHARE OF 
COMPENSATION FOR INSURED LOSSES

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

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

CFR Citation: 31 CFR 50

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/00/05
NPRM Comment Period End         05/00/05
Final Action                    09/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1505-AB10
_______________________________________________________________________

2385. 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

[[Page 73625]]

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515-AC23

Agency Contact: John Leonard, Program Officer, Department of the 
Treasury, Office of Field Operations, 1300 Pennsylvania Avenue NW., 
Washington, DC 20229
Phone: 202 344-2687

RIN: 1505-AB20
_______________________________________________________________________

2386. UNIFORM RULES OF ORIGIN

Priority: Substantive, Nonsignificant

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

CFR Citation: 19 CFR 102

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1505-AB49
_______________________________________________________________________

2387. RECORDATION OF COPYRIGHTS AND ENFORCEMENT PROCEDURES TO PREVENT 
IMPORTATION OF PIRATICAL ARTICLES

Priority: Substantive, Nonsignificant

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

CFR Citation: 19 CFR 133

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

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

RIN: 1505-AB51
_______________________________________________________________________

2388. REVISION OF OUTBOUND REDELIVERY PROCEDURES AND LIABILITIES

Priority: Substantive, Nonsignificant

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

CFR Citation: 19 CFR 113

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Robert C. Rawls, Operations Officer, Department of the 
Treasury, Office of Field Operations, 1300 Pennsylvania Avenue NW., 
Washington, DC 20229
Phone: 202 344-1926

RIN: 1505-AB52
_______________________________________________________________________

2389. CENTRALIZATION OF THE CONTINUOUS BOND PROGRAM AT THE CBP NATIONAL 
FINANCE CENTER

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

Legal Authority: 19 USC 1623

CFR Citation: 19 CFR 101; 19 CFR 113

Legal Deadline: None

Abstract: Amendment to reflect CBP's planned centralization of the 
continuous bond program at the

[[Page 73626]]

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1505-AB54
_______________________________________________________________________
Department of the Treasury (TREAS)                     Final Rule Stage
Departmental Offices (DO)
_______________________________________________________________________

2390. REPORTING AND PROCEDURES REGULATIONS; CUBAN ASSETS CONTROL 
REGULATIONS: PUBLICATION OF ECONOMIC SANCTIONS ENFORCEMENT GUIDELINES

Priority: Substantive, Nonsignificant

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

CFR Citation: 31 CFR 501; 31 CFR 515

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/29/03                     68 FR 4422
NPRM Comment Period End         03/31/03
Final Action                    01/00/05

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
_______________________________________________________________________

2391. COUNTRY-OF-ORIGIN MARKING

Priority: Substantive, Nonsignificant

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

CFR Citation: 19 CFR 134

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/26/00                     65 FR 4193
NPRM Comment Period End         04/26/00                    65 FR 17473
Final Action                    03/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515-AC32

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

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

RIN: 1505-AB21
_______________________________________________________________________

2392. 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 the Bureau of 
Customs and Border Protection will accept payment of duties, taxes, 
fees, interest, and other charges. Currently, the regulations allow for 
credit or charge cards, which have been authorized by the Commissioner 
of the Bureau of Customs and Border Protection (Commissioner), to be 
used at designated customs-serviced locations with a limitation that 
this method of payment may only be used by noncommercial entities. 
Amendment allows 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 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                    03/00/05

Regulatory Flexibility Analysis Required: No

[[Page 73627]]

Government Levels Affected: None

Additional Information: Transferred from RIN 1515-AC40

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

RIN: 1505-AB22
_______________________________________________________________________

2393. 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                    12/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515-AC63

Agency Contact: Kimberly Nott, Operations Officer, Department of the 
Treasury, Office of Field Operations, 1300 Pennsylvania Avenue NW., 
Washington, DC 20229
Phone: 202 344-2083

RIN: 1505-AB24
_______________________________________________________________________

2394. AFRICAN GROWTH AND OPPORTUNITY ACT AND GENERALIZED SYSTEM OF 
PREFERENCES

Priority: Substantive, Nonsignificant

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

CFR Citation: 19 CFR 10; 19 CFR 163

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

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515-AC72

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

RIN: 1505-AB26
_______________________________________________________________________

2395. 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                    02/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515-AC74

Agency Contact: Debbie Scott, Chief, Entry and Drawback Management, 
Department of the Treasury, Office of Field Operations, 1300 
Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 344-1962

RIN: 1505-AB27
_______________________________________________________________________

2396. 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

[[Page 73628]]

Caribbean Basin countries designated by the President and involve the 
entry of specific textile and apparel articles free of duty and free of 
any quantitative restrictions, limitations, or consultation levels and 
the extension of NAFTA duty treatment standards to nontextile articles 
that are excluded from duty-free treatment under the Caribbean Basin 
Initiative program.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515-AC76

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

RIN: 1505-AB28
_______________________________________________________________________

2397. REIMBURSABLE CUSTOMS INSPECTIONAL SERVICES--INCREASE IN HOURLY 
RATE CHARGE

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 301; 5 USC 6103; 19 USC 58a to 58c; 19 USC 66; 
19 USC 261; 19 USC 267; 19 USC 1202; 19 USC 1450 to 1452; 19 USC 1456; 
19 USC 1505; 19 USC 1557; 19 USC 1562; 19 USC 1624; 26 USC 4461; 26 USC 
4462; 31 USC 9701; 46 USC 2110 to 2112

CFR Citation: 19 CFR 24; 19 CFR 101

Legal Deadline: None

Abstract: Amendment to increase the rate of charge for reimbursable 
customs inspectional services.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/01/01                     66 FR 8554
NPRM Comment Period End         04/02/01
Second NPRM                     10/09/02                    67 FR 62920
Second NPRM Comment Period End  12/09/02
Final Action                    01/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515-AC77

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

RIN: 1505-AB29
_______________________________________________________________________

2398. 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                    05/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515-AC87

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

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

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

RIN: 1505-AB31
_______________________________________________________________________

2399. 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                    11/00/04

[[Page 73629]]

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515-AC88

Agency Contact: Richard Walliio, Operations Officer, Department of the 
Treasury, Office of Field Operations, 1300 Pennsylvania Avenue NW., 
Washington, DC 20229
Phone: 202 344-2556

RIN: 1505-AB32
_______________________________________________________________________

2400. 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                    11/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515-AC89

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

Brian Fennessy, Acting Branch Chief, Textile Policy and Trade 
Initiatives Branch, Department of the Treasury, Office of Field 
Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 344-2272

RIN: 1505-AB33
_______________________________________________________________________

2401. 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                    12/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515-AC94

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

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

RIN: 1505-AB34
_______________________________________________________________________

2402. IMPLEMENTATION OF THE ANDEAN TRADE PROMOTION AND DRUG ERADICATION 
ACT

Priority: Substantive, Nonsignificant

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

CFR Citation: 19 CFR 10; 19 CFR 163

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              03/25/03                    68 FR 14478
Interim Final Rule Effective    03/25/03
Interim Final Rule Comment 
Period End                      05/27/03
Final Action                    12/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515-AD19

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

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

[[Page 73630]]

Phone: 202 344-1959

RIN: 1505-AB37
_______________________________________________________________________

2403. 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                    12/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515-AD20

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

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

RIN: 1505-AB38
_______________________________________________________________________

2404. FEES FOR CUSTOMS PROCESSING AT EXPRESS COURIER FACILITIES

Priority: Substantive, Nonsignificant

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

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

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              03/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515-AD21

Agency Contact: Joseph Lanzante, Operations Officer, Department of the 
Treasury, Office of Field Operations, 1300 Pennsylvania Avenue NW., 
Washington, DC 20229
Phone: 202 344-2675

RIN: 1505-AB39
_______________________________________________________________________

2405. TRADE BENEFITS UNDER THE CARIBBEAN BASIN ECONOMIC RECOVERY ACT

Priority: Substantive, Nonsignificant

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

CFR Citation: 19 CFR 10

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              03/21/03                    68 FR 13827
Interim Final Rule Effective    03/21/03
Interim Final Rule Comment 
Period End                      05/20/03
Final Action                    12/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515-AD22

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


[[Page 73631]]


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

RIN: 1505-AB40
_______________________________________________________________________

2406. TARIFF TREATMENT RELATED TO DISASSEMBLY OPERATIONS UNDER THE NORTH 
AMERICAN FREE TRADE AGREEMENT (NAFTA)

Priority: Substantive, Nonsignificant

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

CFR Citation: 19 CFR 181

Legal Deadline: None

Abstract: Amendment to amend the Customs Regulations concerning the 
North American Free Trade Agreement (NAFTA) to allow components that 
are recovered from the disassembly of used goods in a NAFTA country to 
be entitled to NAFTA originating status when imported into the United 
States, provided that: 1) the recovered components satisfy the 
applicable NAFTA rules of origin requirements; and 2) 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                    01/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515-AD23

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

RIN: 1505-AB41
_______________________________________________________________________

2407. MERCHANDISE PROCESSING FEES ELIGIBLE TO BE CLAIMED AS CERTAIN 
TYPES OF DRAWBACK BASED ON SUBSTITUTION OF FINISHED PETROLEUM 
DERIVATIVES

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/02/03                    68 FR 56804
NPRM Comment Period End         12/01/03
Final Action                    11/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515-AD32

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

RIN: 1505-AB44
_______________________________________________________________________

2408. UNITED STATES--CHILE FREE TRADE AGREEMENT

Priority: Substantive, Nonsignificant

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

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

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

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              12/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Carol McDaniel, Operations Officer, Department of the 
Treasury, Office of Field Operations, 1300 Pennsylvania Avenue NW., 
Washington, DC 20229
Phone: 202 344-1131

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

RIN: 1505-AB47
_______________________________________________________________________

2409. UNITED STATES--SINGAPORE FREE TRADE AGREEMENT

Priority: Substantive, Nonsignificant

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

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

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

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              12/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Carol McDaniel, Operations Officer, Department of the 
Treasury, Office of Field Operations,

[[Page 73632]]

1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 344-1131

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

RIN: 1505-AB48
_______________________________________________________________________
Department of the Treasury (TREAS)                    Long-Term Actions
Departmental Offices (DO)
_______________________________________________________________________

2410. POSSIBLE REGULATION OF ACCESS TO ACCOUNTS AT FINANCIAL 
INSTITUTIONS THROUGH PAYMENT SERVICE PROVIDERS

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

CFR Citation: 31 CFR ch II

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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


Next Action Undetermined

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Donna Felmlee
Phone: 202 622-1808

RIN: 1505-AA74
_______________________________________________________________________

2411. 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
_______________________________________________________________________

2412. 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
_______________________________________________________________________

2413. 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
_______________________________________________________________________

2414. 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
_______________________________________________________________________

2415. HARBOR MAINTENANCE FEE

Priority: Substantive, Nonsignificant

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Deborah Thompson
Phone: 317 298-1200

RIN: 1505-AB11
_______________________________________________________________________

2416. DONATED CARGO EXEMPTION FROM HARBOR MAINTENANCE FEE

Priority: Substantive, Nonsignificant

CFR Citation: 19 CFR 24

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Deborah Thompson
Phone: 317 298-1200

RIN: 1505-AB12

[[Page 73633]]

_______________________________________________________________________

2417. RECONCILIATION

Priority: Substantive, Nonsignificant

CFR Citation: 19 CFR 142; 19 CFR 159

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                             To Be                       Determined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: John Leonard
Phone: 202 344-2687

RIN: 1505-AB16
_______________________________________________________________________

2418. NORTH AMERICAN FREE TRADE AGREEMENT (NAFTA)--IMPLEMENTATION OF 
DUTY-DEFERRAL PROGRAM PROVISIONS

Priority: Substantive, Nonsignificant

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule Effective    01/01/96
Interim Final Rule              01/30/96                     61 FR 2908
Interim Final Rule Comment 
Period End                      04/01/96
Final Action                     To Be                       Determined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Shawn Filion
Phone: 716 551-3053

RIN: 1505-AB17
_______________________________________________________________________
Department of the Treasury (TREAS)                    Completed Actions
Departmental Offices (DO)
_______________________________________________________________________

2419. BANK ENTERPRISE AWARD (BEA) PROGRAM

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 1806

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn - No Further Action 
Anticipated                     09/13/04

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
_______________________________________________________________________

2420. COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFI) PROGRAM

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 1805

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              05/11/04                    69 FR 26260
Interim Final Rule Comment 
Period End                      07/12/04
Withdrawn                       09/13/04

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
_______________________________________________________________________

2421. AMENDMENTS TO THE GOVERNMENT SECURITIES ACT REGULATIONS: CUSTOMER 
PROTECTION-RESERVES AND CUSTODY OF SECURITIES

Priority: Substantive, Nonsignificant

CFR Citation: 17 CFR 403.4

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    06/14/04                    69 FR 33258

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Lori Santamorena
Phone: 202 504-3632
Fax: 202 504-3639
Email: govsecreg@bpd.treas.gov

Kevin Hawkins
Phone: 202 504-3632
Fax: 202-504-3639
Email: govsecreg@bpd.treas.gov

RIN: 1505-AA94
_______________________________________________________________________

2422. DISCLOSURE OF RECORDS IN LITIGATION

Priority: Substantive, Nonsignificant

CFR Citation: 31 CFR 1.8 to 1.12

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Rule                      09/07/04                    69 FR 54002
Final Rule Effective            09/07/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Agency Contact: Thomas M. McGivern
Phone: 202 622-2317
Fax: 202 622-2961
Email: tom.mcgivern@do.treas.gov

RIN: 1505-AA97
_______________________________________________________________________

2423. TERRORISM RISK INSURANCE PROGRAM; INITIAL CLAIMS PROCEDURE 
REQUIREMENTS

Priority: Other Significant

CFR Citation: 31 CFR 50

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Rule                      06/29/04                    69 FR 39296
Final Rule Effective            07/29/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Howard Leikin
Phone: 202 622-6770

RIN: 1505-AB07
_______________________________________________________________________

2424. TERRORISM RISK INSURANCE PROGRAM; LITIGATION MANAGEMENT

Priority: Other Significant

CFR Citation: 31 CFR 50

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/06/04                    69 FR 25341
Final Rule                      07/28/04                    69 FR 44932
Final Rule Effective            08/27/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

[[Page 73634]]

Agency Contact: C. Christopher Ledoux
Phone: 202 622-6813

RIN: 1505-AB08
_______________________________________________________________________

2425. TEXTILES AND TEXTILE PRODUCTS SUBJECT TO TEXTILE TRADE AGREEMENTS

Priority: Substantive, Nonsignificant

CFR Citation: 19 CFR 12

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       09/15/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Brian Fennessy
Phone: 202 344-2272

RIN: 1505-AB13
_______________________________________________________________________

2426. LIQUIDATION; EXTENSION; SUSPENSION

Priority: Substantive, Nonsignificant

CFR Citation: 19 CFR 159

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       09/15/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1505-AB14
_______________________________________________________________________

2427. DETENTION, SEIZURE, AND FORFEITURE OF ``BOOTLEG'' SOUND RECORDING 
AND MUSIC VIDEOS OF LIVE MUSICAL PERFORMANCES

Priority: Substantive, Nonsignificant

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

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       09/15/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1505-AB15
_______________________________________________________________________

2428. ENTRY OF SOFTWOOD LUMBER SHIPMENTS FROM CANADA

Priority: Substantive, Nonsignificant

CFR Citation: 19 CFR 12; 19 CFR 113

Completed:
________________________________________________________________________

Reason                            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
Withdrawn                       09/15/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Carol McDaniel
Phone: 202 344-1131

Related RIN: Related to 1515-AC62
RIN: 1505-AB18
_______________________________________________________________________

2429. ENTRY OF SOFTWOOD LUMBER SHIPMENTS FROM CANADA

Priority: Substantive, Nonsignificant

CFR Citation: 19 CFR 12

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       09/15/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Carol McDaniel
Phone: 202 344-1131

Related RIN: Related to 1505-AB18
RIN: 1505-AB23
BILLING CODE 4810-25-S
_______________________________________________________________________
Department of the Treasury (TREAS)                        Prerule Stage
Financial Crimes Enforcement Network (FINCEN)
_______________________________________________________________________

2430. CUSTOMER IDENTIFICATION PROGRAMS FOR PAWN BROKERS

Priority: Substantive, Nonsignificant

Legal Authority: PL 107-56, sec 326

CFR Citation: Not Yet Determined

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           06/00/05

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

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

RIN: 1506-AA39

[[Page 73635]]

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

2431. AMENDMENT TO THE BANK SECRECY ACT REGULATIONS--DELEGATION OF 
AUTHORITY TO ASSESS CIVIL MONEY PENALTIES ON DEPOSITORY INSTITUTIONS

Priority: Substantive, Nonsignificant

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

CFR Citation: 31 CFR 103

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/05

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
_______________________________________________________________________

2432. 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                            06/00/05

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
_______________________________________________________________________

2433. CUSTOMER IDENTIFICATION PROGRAMS FOR LOAN AND FINANCE COMPANIES

Priority: Substantive, Nonsignificant

Legal Authority: PL 107-56, sec 326

CFR Citation: Not Yet Determined

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/05

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
_______________________________________________________________________

2434. 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                            06/00/05

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
_______________________________________________________________________

2435. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY 
LAUNDERING PROGRAMS FOR TRAVEL AGENCIES

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 5316(h)

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

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

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

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

[[Page 73636]]

_______________________________________________________________________

2436. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY 
LAUNDERING PROGRAMS FOR LOAN AND FINANCE COMPANIES

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 5316(h)

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

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

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

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

2437. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY 
LAUNDERING PROGRAMS FOR PERSONS INVOLVED IN REAL ESTATE CLOSINGS AND 
SETTLEMENTS

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 5316(h)

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

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

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

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

2438. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY 
LAUNDERING PROGRAMS FOR BUSINESSES ENGAGED IN VEHICLE SALES, INCLUDING 
AUTOMOBILES, AIRPLANE, AND BOAT SALES

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 5316(h)

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

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

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

Related RIN: Split from 1506-AA28
RIN: 1506-AA80
_______________________________________________________________________
Department of the Treasury (TREAS)                     Final Rule Stage
Financial Crimes Enforcement Network (FINCEN)
_______________________________________________________________________

2439. AMENDMENT TO THE BANK SECRECY ACT REGULATIONS REGARDING REPORTING 
OF CROSS-BORDER TRANSPORTATION OF CERTAIN MONETARY INSTRUMENTS

Priority: Substantive, Nonsignificant

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

CFR Citation: 31 CFR 103

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/22/97                     62 FR 3249
NPRM Comment Period End         04/22/97
Final Action                    06/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1506-AA15
_______________________________________________________________________

2440. 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

[[Page 73637]]

report transactions in currency in excess of $10,000. The interim final 
rule is part of a continuing program to reduce unnecessary burdens upon 
financial institutions complying with the Bank Secrecy Act and increase 
the cost-effectiveness of the counter-money laundering policies of the 
Department of the Treasury.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              07/28/00                    65 FR 46356
Interim Final Rule Effective    07/31/00
Interim Final Rule Comment 
Period End                      09/26/00
Final Action                    06/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

RIN: 1506-AA23
_______________________________________________________________________

2441. AMENDMENT TO THE BANK SECRECY ACT REGULATIONS--REQUIREMENT THAT 
NONFINANCIAL TRADES OR BUSINESSES REPORT CERTAIN CURRENCY TRANSACTIONS

Priority: Substantive, Nonsignificant

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

CFR Citation: 31 CFR 103.30

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

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/31/01                    66 FR 67685
Interim Final Rule              12/31/01                    66 FR 67680
NPRM Comment Period End         03/01/02
Final Action                    06/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1506-AA25
_______________________________________________________________________

2442. DUE DILIGENCE REQUIREMENTS FOR CORRESPONDENT ACCOUNTS AND PRIVATE 
BANKING ACCOUNTS

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 5318(i)

CFR Citation: 31 CFR 103.175 to 103.178

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

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/30/02                    67 FR 37736
NPRM Comment Period End         07/01/02
Interim Final Rule              07/23/02                    67 FR 48347
Interim Final Rule Effective    07/23/02
Interim Final Rule Comment 
Period End                      08/22/02
Final Action                    12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

RIN: 1506-AA29
_______________________________________________________________________

2443. CUSTOMER IDENTIFICATION PROGRAMS FOR BANKS, SAVINGS ASSOCIATIONS, 
AND CREDIT UNIONS

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 5318(l)

CFR Citation: 31 CFR 103.121

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

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1506-AA31
_______________________________________________________________________

2444. FINANCIAL CRIMES ENFORCEMENT NETWORK; AMENDMENT TO THE BANK 
SECRECY ACT REGULATIONS REQUIREMENT THAT INSURANCE COMPANIES REPORT 
SUSPICIOUS TRANSACTIONS

Priority: Substantive, Nonsignificant

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

CFR Citation: 31 CFR 103.16

Legal Deadline: None

Abstract: This document will require insurance companies to report 
suspicious transactions to the Department of the Treasury. The

[[Page 73638]]

amendments constitute a further step in the creation of a comprehensive 
system for the reporting of suspicious transactions by the major 
categories of financial institutions operating in the United States as 
a part of the counter-money laundering program of the Department of the 
Treasury.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1506-AA36
_______________________________________________________________________

2445. 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                    01/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1506-AA37
_______________________________________________________________________

2446. IMPOSITION OF SPECIAL MEASURES AGAINST THE COUNTRY OF NAURU

Priority: Substantive, Nonsignificant

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

CFR Citation: 31 CFR 103.184

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1506-AA43
_______________________________________________________________________

2447. FINANCIAL CRIMES ENFORCEMENT; AMENDMENTS TO THE BANK SECRECY ACT 
REGULATIONS--NOMENCLATURE CHANGES

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

Legal Authority: 31 USC 5318 et seq

CFR Citation: 31 CFR 103

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    06/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

RIN: 1506-AA61
_______________________________________________________________________

2448. IMPOSITION OF SPECIAL MEASURES AGAINST THE COMMERCIAL BANK OF 
SYRIA AS A FINANCIAL INSTITUTION OF PRIMARY MONEY LAUNDERING CONCERN

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 5318A

CFR Citation: 31 CFR 103.188

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

RIN: 1506-AA64

[[Page 73639]]

_______________________________________________________________________

2449. IMPOSITION OF SPECIAL MEASURE AGAINST FIRST MERCHANT BANK OSH LTD, 
INCL. ITS SUBSIDIARIES, FMB FINANCE LTD, FIRST MERCHANT INTERNATIONAL 
INC, FIRST MERCHANT FINANCE LTD, AND FIRST MERCHANT TRUST LTD

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

Legal Authority: 31 USC 5318A

CFR Citation: 31 CFR 103.189

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/24/04                    69 FR 51979
NPRM Comment Period End         09/23/04
Final Action                    06/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

RIN: 1506-AA65
_______________________________________________________________________

2450. IMPOSITION OF SPECIAL MEASURE AGAINST INFOBANK AS A FINANCIAL 
INSTITUTION OF PRIMARY MONEY LAUNDERING CONCERN

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 5318A

CFR Citation: 31 CFR 103.190

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/24/04                    69 FR 51973
NPRM Comment Period End         09/23/04
Final Action                    06/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

RIN: 1506-AA67
_______________________________________________________________________

2451. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY 
LAUNDERING PROGRAMS FOR MUTUAL FUNDS

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

Legal Authority: 31 USC 5316(h)

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

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

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    06/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

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

2452. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY 
LAUNDERING PROGRAMS FOR INSURANCE COMPANIES

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 5316(h)

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

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

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    12/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

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

2453. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY 
LAUNDERING PROGRAMS FOR INVESTMENT ADVISORS

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 5316(h)

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

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

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    06/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

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

[[Page 73640]]

_______________________________________________________________________

2454. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY 
LAUNDERING PROGRAMS FOR FINANCIAL INSTITUTIONS

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 5316(h)

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

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

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    06/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

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

2455. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY 
LAUNDERING PROGRAMS FOR MONEY SERVICES BUSINESSES

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 5316(h)

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

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

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    06/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

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

2456. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY 
LAUNDERING PROGRAMS FOR COMMODITY TRADING ADVISORS

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 5316(h)

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

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

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    06/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

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

2457. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY 
LAUNDERING PROGRAMS FOR OPERATORS OF A CREDIT CARD SYSTEM

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 5316(h)

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

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

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    06/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

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

2458. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY 
LAUNDERING PROGRAMS FOR UNREGISTERED INVESTMENT COMPANIES

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 5316(h)

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

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

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    06/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

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

2459. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY 
LAUNDERING PROGRAMS FOR DEALERS IN PRECIOUS METALS, STONES, OR JEWELS

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 5316(h)

[[Page 73641]]

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

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

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    06/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

Related RIN: Split from 1506-AA28
RIN: 1506-AA78
_______________________________________________________________________
Department of the Treasury (TREAS)                    Long-Term Actions
Financial Crimes Enforcement Network (FINCEN)
_______________________________________________________________________

2460. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--SPECIAL REPORTING 
AND RECORDKEEPING REQUIREMENTS--MONEY SERVICES BUSINESSES (MSBS)

Priority: Substantive, Nonsignificant

CFR Citation: 31 CFR 103

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

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

RIN: 1506-AA19
BILLING CODE 4820-02-S
_______________________________________________________________________
Department of the Treasury (TREAS)                  Proposed Rule Stage
Financial Management Service (FMS)
_______________________________________________________________________

2461. CLAIMS ON ACCOUNT OF TREASURY CHECKS

Priority: Substantive, Nonsignificant

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

CFR Citation: 31 CFR 245

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

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

RIN: 1510-AA51
_______________________________________________________________________
Department of the Treasury (TREAS)                     Final Rule Stage
Financial Management Service (FMS)
_______________________________________________________________________

2462. 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

[[Page 73642]]

exist. The change will reflect the removal of these monetary 
limitations. These revisions will make the regulation consistent with 
current procedures for securing payment of money judgments against the 
United States.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/08/96                      61 FR 552
NPRM Comment Period End         02/07/96
Final Action                    01/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Federal

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

RIN: 1510-AA52
_______________________________________________________________________

2463. 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 Action                    11/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

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

RIN: 1510-AA65
_______________________________________________________________________

2464. SALARY OFFSET

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 5514

CFR Citation: 31 CFR 285.7

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              04/28/98                    63 FR 23353
Final Action                    04/00/05

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
_______________________________________________________________________

2465. OFFSET OF TAX REFUND PAYMENT TO COLLECT STATE INCOME TAX 
OBLIGATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6402(e)

CFR Citation: 31 CFR 285.8

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/20/99                    64 FR 71233
Interim Final Rule              12/20/99                    64 FR 71227
Final Action                    04/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: State, Federal

Federalism:  Undetermined

Agency Contact: Gerry Isenberg, Financial Program Specialist, Debt 
Management Service, Department of the Treasury, Financial Management 
Service, 401 14th Street SW., Washington, DC 20227
Phone: 202 874-6804
Email: gerald.isenberg@fms.treas.gov

RIN: 1510-AA78
_______________________________________________________________________

2466. 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              02/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Federal, Local, State, Tribal

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

RIN: 1510-AA91
_______________________________________________________________________

2467. INDORSEMENT AND PAYMENT OF CHECKS DRAWN ON THE U.S. TREASURY

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 301; 12 USC 391; 31 USC 321; 31 USC 3327; 31 USC 
3328; 31 USC 3331; 31 USC 3334; 31 USC 3343; 31 USC 3702; 31 USC 3702 
note; 31 USC 3711; 31 USC 3712; 31 USC 3716; 31 USC 3717

CFR Citation: 31 CFR 240

Legal Deadline: None

[[Page 73643]]

Abstract: The Interim Rule will amend 31 CFR part 240 in order to 
permit financial institutions to present Treasury checks for payment by 
providing an electronic image of the check in lieu of the original 
item. The rule will establish the terms and conditions that will apply 
to the electronic image presentment of Treasury checks. In addition, 
the rule will address certain issues related to the presentment of 
substitute Treasury checks pursuant to the Check Clearing for the 21st 
Century Act, including the procedures that Treasury will follow upon a 
breach of the Act's substitute check warranties and the procedures that 
will apply if the Government incurs a loss due to the receipt of a 
substitute Treasury check rather than the original check.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              11/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Federal

Agency Contact: Ronald Lee Brooks, Senior Program and Policy Analyst, 
Department of the Treasury, Financial Management Service, Financial 
Processing Division, 3700 East-West Highway, Room 7D26, Hyattsville, MD 
20782-2294
Phone: 202 874-7573
Fax: 202 874-2294
Email: ronald.brooks@fms.treas.gov

Related RIN: Related to 1510-AA51
RIN: 1510-AA99
_______________________________________________________________________

2468. <bullet<ls-thn-eq> FEDERAL GOVERNMENT PARTICIPATION IN THE ACH

Priority: Substantive, Nonsignificant

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

CFR Citation: 31 CFR 210

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              03/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Agency Contact: Matthew R. Friend, Acting Director, Settlement Services 
Division, Department of the Treasury, Financial Management Service, 401 
14th Street SW., Washington, DC 20227
Phone: 202 874-1251
Fax: 202 874-8644
Email: matthew.friend@fms.treas.gov

RIN: 1510-AB00
_______________________________________________________________________

2469. <bullet<ls-thn-eq> PAYMENT OF FEDERAL TAXES AND THE TREASURY TAX 
AND LOAN PROGRAM

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

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

CFR Citation: 31 CFR 203

Legal Deadline: None

Abstract: This rule includes general revisions that will provide needed 
updates to support operational changes to the system used for the 
collection of corporate withholding taxes and the investment of the 
Government's excess operating funds, and incorporate other needed 
updates.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              11/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Laura Carrico, Acting Director, Investment Management 
Division, Department of the Treasury, Financial Management Service, 401 
14th Street SW., Washington, DC 20227
Phone: 202 874-7119
Email: laura.carrico@fms.treas.gov

RIN: 1510-AB01
_______________________________________________________________________
Department of the Treasury (TREAS)                    Long-Term Actions
Financial Management Service (FMS)
_______________________________________________________________________

2470. 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
_______________________________________________________________________

2471. 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
_______________________________________________________________________

2472. 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

[[Page 73644]]

Government Levels Affected: None

Federalism:  Undetermined

Agency Contact: Vivian Cooper
Phone: 202 874-8380
Email: vivian.cooper@fms.treas.gov

RIN: 1510-AA85
_______________________________________________________________________
Department of the Treasury (TREAS)                    Completed Actions
Financial Management Service (FMS)
_______________________________________________________________________

2473. FOREIGN EXCHANGE OPERATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 31 CFR 281

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       09/22/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Agency Contact: Stephen Kenneally
Phone: 202 874-6799
Email: stephen.kenneally@fms.treas.gov

Walt Henderson
Phone: 202 874-6705
Email: walt.henderson@fms.treas.gov

RIN: 1510-AA48
_______________________________________________________________________

2474. MANAGEMENT OF FEDERAL AGENCY RECEIPTS AND DISBURSEMENTS; OPERATION 
OF THE CASH MANAGEMENT IMPROVEMENT FUND

Priority: Substantive, Nonsignificant

CFR Citation: 31 CFR 206

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       09/22/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Federal

Agency Contact: Stephen Kenneally
Phone: 202 874-6799
Email: stephen.kenneally@fms.treas.gov

RIN: 1510-AA86
_______________________________________________________________________

2475. WITHHOLDING OF DISTRICT OF COLUMBIA, STATE, CITY, AND COUNTY 
INCOME, OR EMPLOYMENT TAXES BY FEDERAL AGENCIES

Priority: Substantive, Nonsignificant

CFR Citation: 31 CFR 215

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       09/22/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Federal, State, Local

Agency Contact: Stephen Kenneally
Phone: 202 874-6799
Email: stephen.kenneally@fms.treas.gov

RIN: 1510-AA90
_______________________________________________________________________

2476. PAYMENT OF FEDERAL TAXES AND THE TREASURY TAX AND LOAN PROGRAM

Priority: Substantive, Nonsignificant

CFR Citation: 31 CFR 203

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       09/22/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Catherine McHugh
Phone: 202 874-7497
Email: catherine.mchugh@fms.treas.gov

RIN: 1510-AA96
_______________________________________________________________________

2477. FEDERAL GOVERNMENT PARTICIPATION IN THE AUTOMATED CLEARING HOUSE 
(ACH)

Priority: Substantive, Nonsignificant

CFR Citation: 31 CFR 210

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       09/22/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Catherine McHugh
Phone: 202 874-7497
Email: catherine.mchugh@fms.treas.gov

RIN: 1510-AA97
_______________________________________________________________________

2478. FEDERAL GOVERNMENT PARTICIPATION IN THE AUTOMATED CLEARING HOUSE 
(ACH)

Priority: Other Significant

CFR Citation: 31 CFR 210

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       09/22/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Donald Skiles
Phone: 202 874-6994
Email: donald.skiles@fms.treas.gov

RIN: 1510-AA98
BILLING CODE 4810-35-S

[[Page 73645]]

_______________________________________________________________________
Department of the Treasury (TREAS)                  Proposed Rule Stage
Alcohol and Tobacco Tax and Trade Bureau (TTB)
_______________________________________________________________________

ALCOHOL
____________________________________________________
2479. 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 Packaging08/00/05
Revised NPRM-Deceptive Packaging08/00/05

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, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 128, 
Morganza, MD 20660
Phone: 301 290-1460
Fax: 301 290-1463
Email: lisa.gesser@ttb.treas.gov

RIN: 1513-AA07
_______________________________________________________________________

Administrative/Procedures
____________________________________________________
2480. <bullet<ls-thn-eq> AVAILABILITY OF INFORMATION

Priority: Info./Admin./Other

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

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: TTB is revising and consolidating in one new part of its 
regulations all regulatory provisions that deal with the availability 
of information. This new part will include rules regarding the 
disclosure of information pursuant to the Freedom of Information Act 
and the Privacy Act of 1974 and in connection with litigation or other 
legal proceedings.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Jessica Bungard, Management Analyst, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, 1310 G Street NW., 
Room 200E, Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: jessica.bungard@ttb.gov

RIN: 1513-AA98
_______________________________________________________________________

2481. 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                            12/00/04

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, Alcohol and Tobacco Tax and Trade Bureau, Room 200E, 1310 G 
Street NW., Washington, DC 20220
Phone: 202 927-8181
Fax: 202 927-8525
Email: wade-chapman.linda@ttb.gov

RIN: 1513-AA16
_______________________________________________________________________

2482. PROPOSED REVISIONS TO THE DISTILLED SPIRITS PLANT REGULATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 27 CFR 19

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

[[Page 73646]]

Additional Information: Transferred from RIN 1512-AC52

Agency Contact: Daniel J. Hiland, Program Manager, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, 1310 G Street NW., 
Room 200E, Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: daniel.hiland@ttb.gov

RIN: 1513-AA23
_______________________________________________________________________

2483. REGULATORY CHANGES FROM CUSTOMS SERVICE FINAL RULE

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 27 CFR 44

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC56

Agency Contact: Linda Wade-Chapman, TTB Specialist, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Room 200E, 1310 G 
Street NW., Washington, DC 20220
Phone: 202 927-8181
Fax: 202 927-8525
Email: wade-chapman.linda@ttb.gov

RIN: 1513-AA26
_______________________________________________________________________

2484. 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                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC57

Agency Contact: Linda Wade-Chapman, TTB Specialist, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Room 200E, 1310 G 
Street NW., Washington, DC 20220
Phone: 202 927-8181
Fax: 202 927-8525
Email: wade-chapman.linda@ttb.gov

RIN: 1513-AA27
_______________________________________________________________________

2485. TAX-PAID DISTILLED SPIRITS USED IN MANUFACTURING PRODUCTS UNFIT 
FOR BEVERAGE USE

Priority: Substantive, Nonsignificant

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

CFR Citation: 27 CFR 17

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC73

Agency Contact: Linda Wade-Chapman, TTB Specialist, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Room 200E, 1310 G 
Street NW., Washington, DC 20220
Phone: 202 927-8181
Fax: 202 927-8525
Email: wade-chapman.linda@ttb.gov

RIN: 1513-AA37
_______________________________________________________________________

2486. 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                            03/00/05

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,

[[Page 73647]]

Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 18152, Roanoke, VA 
24014
Phone: 540 344-9333
Fax: 540 344-5855
Email: jennifer.berry@ttb.treas.gov

RIN: 1513-AA42
_______________________________________________________________________

2487. 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                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC90

Agency Contact: Linda Wade-Chapman, TTB Specialist, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Room 200E, 1310 G 
Street NW., Washington, DC 20220
Phone: 202 927-8181
Fax: 202 927-8525
Email: wade-chapman.linda@ttb.gov

RIN: 1513-AA49
_______________________________________________________________________

2488. 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                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC93

Agency Contact: Linda Wade-Chapman, TTB Specialist, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Room 200E, 1310 G 
Street NW., Washington, DC 20220
Phone: 202 927-8181
Fax: 202 927-8525
Email: wade-chapman.linda@ttb.gov

RIN: 1513-AA51
_______________________________________________________________________

2489. 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                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC95

Agency Contact: Linda Wade-Chapman, TTB Specialist, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Room 200E, 1310 G 
Street NW., Washington, DC 20220
Phone: 202 927-8181
Fax: 202 927-8525
Email: wade-chapman.linda@ttb.gov

RIN: 1513-AA52
_______________________________________________________________________

2490. 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. NPRM is being 
reviewed.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC99

[[Page 73648]]

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

RIN: 1513-AA54
_______________________________________________________________________

2491. SAN FRANCISCO BAY AND CENTRAL COAST VITICULTURAL AREAS--BOUNDARY 
REALIGNMENT/EXPANSION

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AD00

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

RIN: 1513-AA55
_______________________________________________________________________

2492. PETITION TO ESTABLISH THE ``FORT ROSS SEAVIEW'' VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton, AVA Program Manager, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Room 5000, Room 
200E, 1310 G Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: nancy.sutton@ttb.gov

RIN: 1513-AA64
_______________________________________________________________________

2493. 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                            04/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC97

Agency Contact: Rita Butler, Writer-Editor, Department of the Treasury, 
Alcohol and Tobacco Tax and Trade Bureau, Room 200E, 1310 G Street NW., 
Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: rita.butler@tt.treas.gov

RIN: 1513-AA66
_______________________________________________________________________

2494. PETITION NO. 2 TO EXPAND THE RUSSIAN RIVER VALLEY VITICULTURAL 
AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: The proposed Russian River Valley viticultural area expansion 
increases the original boundaries by 30,200 acres to the east and south 
sides. The notice of proposed rulemaking is in review. Earlier TTB 
received a separate Russian River Valley viticultural area expansion 
petition (RIN 1513-AA68) for a 767-acre expansion. This area is 
incorporated in the larger 30,200-acre expansion noted above. The final 
rule was effective February 2, 2004.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton, AVA Program Manager, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Room 5000, Room 
200E, 1310 G Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: nancy.sutton@ttb.gov

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

2495. 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

[[Page 73649]]

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Rita Butler, Writer-Editor, Department of the Treasury, 
Alcohol and Tobacco Tax and Trade Bureau, Room 200E, 1310 G Street NW., 
Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: rita.butler@tt.treas.gov

RIN: 1513-AA70
_______________________________________________________________________

2496. PROPOSED AMENDED BOUNDARIES FOR THE SANTA LUCIA HIGHLANDS AND THE 
ARROYO SECO VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205(e)

CFR Citation: 27 CFR 9.139; 27 CFR 9.59

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton, AVA Program Manager, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Room 5000, Room 
200E, 1310 G Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: nancy.sutton@ttb.gov

RIN: 1513-AA72
_______________________________________________________________________

2497. PETITION TO ESTABLISH ``TEXOMA'' AS A VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Jennifer Berry, TTB Specialist, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 18152, 
Roanoke, VA 24014
Phone: 540 344-9333
Fax: 540 344-5855
Email: jennifer.berry@ttb.treas.gov

RIN: 1513-AA77
_______________________________________________________________________

2498. PETITION TO ESTABLISH THE ``HIGH VALLEY'' 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 ``High Valley'' 
viticultural area, which is located about 85 miles north of San 
Francisco, California, on the eastern shore of Clear Lake. A notice of 
proposed rulemaking is in TTB review.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

RIN: 1513-AA79
_______________________________________________________________________

2499. PROPOSED ESTABLISHMENT OF ALTA MESA VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton, AVA Program Manager, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Room 5000, Room 
200E, 1310 G Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: nancy.sutton@ttb.gov

RIN: 1513-AA82
_______________________________________________________________________

2500. PROPOSED ESTABLISHMENT OF THE COSUMNES RIVER VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

[[Page 73650]]

CFR Citation: 27 CFR 9

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton, AVA Program Manager, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Room 5000, Room 
200E, 1310 G Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: nancy.sutton@ttb.gov

RIN: 1513-AA83
_______________________________________________________________________

2501. PROPOSED ESTABLISHMENT OF DEER CREEK HILLS VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: The Lodi American Viticultural Areas (LAVA) Steering 
Committee proposes to establish the 78,800-acre ``Deer Creek Hills'' 
viticultural area within the northeast portion of the established Lodi 
viticultural area. The distinctive viticultural environment of the 
proposed Deer Creek Hills viticultural area includes warm temperatures, 
significant rain and fog, high elevations and old soils. The Committee 
is petitioning for seven new viticultural areas within the original 
boundaries of the Lodi viticultural area. A notice of proposed 
rulemaking is being reviewed.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton, AVA Program Manager, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Room 5000, Room 
200E, 1310 G Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: nancy.sutton@ttb.gov

RIN: 1513-AA84
_______________________________________________________________________

2502. PROPOSED ESTABLISHMENT OF MOKELUMNE RIVER VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton, AVA Program Manager, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Room 5000, Room 
200E, 1310 G Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: nancy.sutton@ttb.gov

RIN: 1513-AA85
_______________________________________________________________________

2503. PROPOSED ESTABLISHMENT OF JAHANT VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton, AVA Program Manager, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Room 5000, Room 
200E, 1310 G Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: nancy.sutton@ttb.gov

RIN: 1513-AA86
_______________________________________________________________________

2504. PROPOSED ESTABLISHMENT OF BORDEN RANCH VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: The Lodi American Viticultural Areas (LAVA) Steering 
Committee proposes the establishment of the 70,000-acre ``Borden 
Ranch'' viticultural area in the east central

[[Page 73651]]

portion of the Lodi viticultural area. The most distinctive features 
include old alluvial fans, river terraces and plains, high elevations 
and a windswept climate. The Committee is petitioning for seven new 
viticultural areas within the original Lodi viticultural area 
boundaries. A notice of proposed rulemaking is being reviewed.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton, AVA Program Manager, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Room 5000, Room 
200E, 1310 G Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: nancy.sutton@ttb.gov

RIN: 1513-AA87
_______________________________________________________________________

2505. PROPOSED ESTABLISHMENT OF CLEMENTS HILLS VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton, AVA Program Manager, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Room 5000, Room 
200E, 1310 G Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: nancy.sutton@ttb.gov

RIN: 1513-AA88
_______________________________________________________________________

2506. PROPOSED ESTABLISHMENT OF THE MT. OSO VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

RIN: 1513-AA89
_______________________________________________________________________

2507. PROPOSED ESTABLISHMENT OF COVELO VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton, AVA Program Manager, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Room 5000, Room 
200E, 1310 G Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: nancy.sutton@ttb.gov

RIN: 1513-AA90
_______________________________________________________________________

2508. PROPOSED ESTABLISHMENT OF HORSE HEAVEN HILLS

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: Paul D. Lucas is proposing the establishment of the 570,000-
acre Horse Heaven Hills viticultural area. It is in the southern 
central part of Washington, east of the Cascade Mountain Range and 
north and west of the Columbia River, and is entirely

[[Page 73652]]

within the Columbia Valley viticultural area. The Horse Heaven Hills 
area is noted for its series of south facing slopes and significant 
wind patterns. A notice of proposed rulemaking is in review.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton, AVA Program Manager, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Room 5000, Room 
200E, 1310 G Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: nancy.sutton@ttb.gov

RIN: 1513-AA91
_______________________________________________________________________

2509. PETITION TO ESTABLISH ``CALISTOGA'' AS AN AMERICAN VITICULTURAL 
AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Lisa M. Gesser, TTB Specialist, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 128, 
Morganza, MD 20660
Phone: 301 290-1460
Fax: 301 290-1463
Email: lisa.gesser@ttb.treas.gov

RIN: 1513-AA92
_______________________________________________________________________

2510. RAMONA VALLEY VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04
NPRM Comment Period End         02/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton, AVA Program Manager, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Room 5000, Room 
200E, 1310 G Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: nancy.sutton@ttb.gov

RIN: 1513-AA94
_______________________________________________________________________

2511. DOS RIOS VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: Ralph Jens Carter of Sonoma, California, is proposing the new 
Dos Rios AVA, located about 5 miles beyond the northern boundary of the 
North Coast AVA. Dos Rios is about 150 miles north of San Francisco and 
25 miles east of the Pacific Ocean. The distinguishing factors of the 
Dos Rios area include significant wind patterns, a transitional 
climate, elevations between 800 feet and 2000 feet, sloping terrains 
with 30 percent to 75 percent inclines, relatively infertile soils, and 
close proximity to two rivers. The petitioner states the area has six 
acres of planted commercial vineyards and the potential for more 
viticultural growth. A notice of proposed rulemaking is being drafted.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04
NPRM Comment Period End         02/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton, AVA Program Manager, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Room 5000, Room 
200E, 1310 G Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: nancy.sutton@ttb.gov

RIN: 1513-AA95
_______________________________________________________________________

2512. <bullet<ls-thn-eq> NIAGARA ESCARPMENT VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: TTB has received a petition proposing ``Niagara Escarpment'' 
as a new American viticultural area in New York.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

[[Page 73653]]

Fax: 540 344-5855
Email: jennifer.berry@ttb.treas.gov

RIN: 1513-AA97
_______________________________________________________________________
Department of the Treasury (TREAS)                     Final Rule Stage
Alcohol and Tobacco Tax and Trade Bureau (TTB)
_______________________________________________________________________

ALCOHOL
____________________________________________________
2513. PETITION TO ESTABLISH ``ALEXANDRIA LAKES'' AS A NEW AMERICAN 
VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/23/03                     68 FR 3199
NPRM Comment Period End         03/24/03
Final Action                    12/00/04

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, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 128, 
Morganza, MD 20660
Phone: 301 290-1460
Fax: 301 290-1463
Email: lisa.gesser@ttb.treas.gov

RIN: 1513-AA45
_______________________________________________________________________

Administrative/Procedures
____________________________________________________
2514. ADMINISTRATIVE CHANGES TO ALCOHOL, TOBACCO, AND FIREARMS 
REGULATIONS DUE TO THE HOMELAND SECURITY ACT OF 2002

Priority: Info./Admin./Other

Legal Authority: PL 107-296; . . .

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

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    03/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Lisa M. Gesser, TTB Specialist, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 128, 
Morganza, MD 20660
Phone: 301 290-1460
Fax: 301 290-1463
Email: lisa.gesser@ttb.treas.gov

RIN: 1513-AA80
_______________________________________________________________________

TOBACCO PRODUCTS
____________________________________________________
2515. <bullet<ls-thn-eq> REMOVAL OF TOBACCO PRODUCTS AND CIGARETTE 
PAPERS AND TUBES, WITHOUT PAYMENT OF TAX, FOR UNITED STATES USE IN LAW 
ENFORCEMENT ACTIVITIES

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

Legal Authority: 26 USC 5703; 26 USC 5704; 26 USC 5705; 26 USC 5723; 26 
USC 5741; 26 USC 5751; 26 USC 5762; 26 USC 5763; 26 USC 6313; 26 USC 
7212; 26 USC 7342; 26 USC 7606; 26 USC 7805; 44 USC 3504(h)

CFR Citation: 27 CFR 45.31

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              07/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

[[Page 73654]]

Phone: 202 927-8210
Fax: 202 927-8525
Email: linda.chapman@ttb.gov

RIN: 1513-AA99
_______________________________________________________________________

2516. 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                    01/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC07

Agency Contact: Linda Wade-Chapman, TTB Specialist, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Room 200E, 1310 G 
Street NW., Washington, DC 20220
Phone: 202 927-8181
Fax: 202 927-8525
Email: wade-chapman.linda@ttb.gov

RIN: 1513-AA10
_______________________________________________________________________

2517. FLAVORED MALT BEVERAGES AND RELATED PROPOSALS

Priority: Substantive, Nonsignificant

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

CFR Citation: 27 CFR 7; 27 CFR 25

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/24/03                    68 FR 14292
NPRM Comment Period End         06/23/03
NPRM Comment Period End Extended06/02/03                    68 FR 32698
Extended Comment Period End     10/21/03
Final Action                    12/00/04
Final Action Effective          01/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC11

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

Agency Contact: Charles N. Bacon, Program Manager, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 5056, 
Beverly Farms, MA 01915
Phone: 978 921-1840
Fax: 978 921-1840
Email: charles.bacon@ttb.treas.gov

RIN: 1513-AA12
_______________________________________________________________________

2518. 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                    07/00/05

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, Alcohol and Tobacco Tax and Trade Bureau, 1310 G Street NW., 
Room 200E, Washington, DC 20220
Phone: 202 927-7460
Fax: 202 927-8525
Email: karl.joedicke@ttb.gov

RIN: 1513-AA19
_______________________________________________________________________

2519. PRODUCTION OF DRIED FRUIT AND HONEY WINES

Priority: Substantive, Nonsignificant

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

CFR Citation: 27 CFR 24

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/02/03                    68 FR 39500
NPRM Comment Period End         09/02/03
Final Action                    01/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC48

[[Page 73655]]

Agency Contact: Jennifer Berry, TTB Specialist, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 18152, 
Roanoke, VA 24014
Phone: 540 344-9333
Fax: 540 344-5855
Email: jennifer.berry@ttb.treas.gov

RIN: 1513-AA21
_______________________________________________________________________

2520. 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                            12/17/03                    68 FR 70215
NPRM Comment Period End         02/17/04
Final Action                    12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC62

Agency Contact: Rita Butler, Writer-Editor, Department of the Treasury, 
Alcohol and Tobacco Tax and Trade Bureau, Room 200E, 1310 G Street NW., 
Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: rita.butler@ttb.gov

RIN: 1513-AA29
_______________________________________________________________________

2521. 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                    03/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC65

Agency Contact: Jennifer Berry, TTB Specialist, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 18152, 
Roanoke, VA 24014
Phone: 540 344-9333
Fax: 540 344-5855
Email: jennifer.berry@ttb.treas.gov

RIN: 1513-AA32
_______________________________________________________________________

2522. 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. Comments are being reviewed along with 
petioner's rebuttal.

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                    03/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC76

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

RIN: 1513-AA39
_______________________________________________________________________

2523. PETITION TO ESTABLISH ``EOLA HILLS'' AS A NEW AMERICAN 
VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/08/03                    68 FR 52875
NPRM Comment Period End         11/07/03
Comment Period Extended         11/07/03                    68 FR 63042
Extended Comment Period End     01/06/04
Final Action                    02/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC78

Agency Contact: Jennifer Berry, TTB Specialist, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 18152, 
Roanoke, VA 24014
Phone: 540 344-9333
Fax: 540 344-5855
Email: jennifer.berry@ttb.treas.gov

RIN: 1513-AA41
_______________________________________________________________________

2524. ORGANIC CLAIMS IN LABELING AND ADVERTISING OF ALCOHOL BEVERAGES

Priority: Info./Admin./Other

Legal Authority: 27 USC 205

[[Page 73656]]

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

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC87

Agency Contact: Marjorie D. Ruhf, Program Manager, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Room 200E, 1310 G 
Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: marjorie.ruhf@ttb.gov

RIN: 1513-AA46
_______________________________________________________________________

2525. PETITION TO ESTABLISH ``DUNDEE HILLS'' AS A NEW AMERICAN 
VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/15/03                    68 FR 48839
NPRM Comment Period End         10/14/03
Final Action                    12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC91

Agency Contact: Nancy Sutton, AVA Program Manager, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Room 5000, Room 
200E, 1310 G Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: nancy.sutton@ttb.gov

RIN: 1513-AA50
_______________________________________________________________________

2526. PETITION TO ESTABLISH ``CHEHALEM MOUNTAINS'' AS A NEW AMERICAN 
VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: TTB has received a petition proposing the establishment of 
the ``Chehalem Mountains'' viticultural area located in Yamhill, 
Washington, and Clackamas Counties, Oregon. A draft final rule is being 
prepared.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AD02

Agency Contact: Nancy Sutton, AVA Program Manager, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Room 5000, Room 
200E, 1310 G Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: nancy.sutton@ttb.gov

RIN: 1513-AA57
_______________________________________________________________________

2527. 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. A draft final rule 
is being reviewed.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/03/03                    68 FR 62259
NPRM Comment Period End         01/02/04
Final Action                    03/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AD03

Agency Contact: Nancy Sutton, AVA Program Manager, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Room 5000, Room 
200E, 1310 G Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: nancy.sutton@ttb.gov

RIN: 1513-AA58
_______________________________________________________________________

2528. 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

[[Page 73657]]

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. Draft final ruling is being 
prepared.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AD04

Agency Contact: Nancy Sutton, AVA Program Manager, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Room 5000, Room 
200E, 1310 G Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: nancy.sutton@ttb.gov

RIN: 1513-AA59
_______________________________________________________________________

2529. LABELING AND ADVERTISING OF MALT BEVERAGES

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 7

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC10

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

Agency Contact: Charles N. Bacon, Program Manager, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 5056, 
Beverly Farms, MA 01915
Phone: 978 921-1840
Fax: 978 921-1840
Email: charles.bacon@ttb.treas.gov

RIN: 1513-AA60
_______________________________________________________________________

2530. 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                            06/27/03                    68 FR 38248
NPRM Comment Period End         08/26/03
Final Action                    11/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Jennifer Berry, TTB Specialist, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 18152, 
Roanoke, VA 24014
Phone: 540 344-9333
Fax: 540 344-5855
Email: jennifer.berry@ttb.treas.gov

RIN: 1513-AA63
_______________________________________________________________________

2531. PETITION TO ESTABLISH ``SOUTHERN OREGON'' AS A VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/18/03                    68 FR 54696
NPRM Comment Period End         11/17/03
Final Action                    12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton, AVA Program Manager, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Room 5000, Room 
200E, 1310 G Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: nancy.sutton@ttb.gov

Related RIN: Previously reported as 1512-AC81
RIN: 1513-AA75
_______________________________________________________________________

2532. <bullet<ls-thn-eq> MATERIALS AUTHORIZED FOR THE TREATMENT OF WINE 
AND JUICE; PROCESSES AUTHORIZED FOR THE TREATMENT OF WINE, JUICE, AND 
DISTILLING MATERIAL

Priority: Substantive, Nonsignificant

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

CFR Citation: 24 CFR 246; 24 CFR 248

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

[[Page 73658]]

Email: jennifer.berry@ttb.treas.gov

RIN: 1513-AA96
_______________________________________________________________________
Department of the Treasury (TREAS)                    Long-Term Actions
Alcohol and Tobacco Tax and Trade Bureau (TTB)
_______________________________________________________________________

2533. EXPORTATION OF LIQUORS

Priority: Substantive, Nonsignificant

CFR Citation: 27 CFR 252

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Joanne Brady
Phone: 215 333-7050
Fax: 215 333-8871
Email: joanne.brady@ttb.treas.gov

RIN: 1513-AA00
_______________________________________________________________________

2534. IMPLEMENTATION OF WINE CREDIT PROVISIONS OF PUBLIC LAW 104-188

Priority: Substantive, Nonsignificant

CFR Citation: 27 CFR 24.278; 27 CFR 24.279

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/02/97                    62 FR 29681
NPRM Comment Period End         08/01/97
Interim Final Rule              06/02/97                    62 FR 29663
Final Action                     To Be                       Determined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Marjorie D. Ruhf
Phone: 202 927-8210
Fax: 202 927-8525
Email: marjorie.ruhf@ttb.gov

RIN: 1513-AA05
_______________________________________________________________________

2535. IMPLEMENTATION OF PUBLIC LAW 105-34, SECTION 1416, RELATING TO 
REFUND OF TAX FOR DOMESTIC WINE RETURNED TO BOND REGARDLESS OF 
MERCHANTABILITY (TAXPAYER RELIEF ACT OF 1997)

Priority: Substantive, Nonsignificant

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule               To Be                       Determined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Marjorie D. Ruhf
Phone: 202 927-8210
Fax: 202 927-8525
Email: marjorie.ruhf@ttb.gov

RIN: 1513-AA06
_______________________________________________________________________

2536. AMENDED STANDARD OF IDENTITY FOR SHERRY

Priority: Substantive, Nonsignificant

CFR Citation: 27 CFR 4

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                             To Be                       Determined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Marjorie D. Ruhf
Phone: 202 927-8210
Fax: 202 927-8525
Email: marjorie.ruhf@ttb.gov

RIN: 1513-AA08
_______________________________________________________________________

2537. PROHIBITED MARKS ON PACKAGES OF TOBACCO PRODUCTS AND CIGARETTE 
PAPERS AND TUBES IMPORTED OR BROUGHT INTO THE UNITED STATES

Priority: Substantive, Nonsignificant

CFR Citation: 27 CFR 275

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                             To Be                       Determined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Linda Wade-Chapman
Phone: 202 927-8181
Fax: 202 927-8525
Email: wade-chapman.linda@ttb.gov

RIN: 1513-AA14
_______________________________________________________________________
Department of the Treasury (TREAS)                    Completed Actions
Alcohol and Tobacco Tax and Trade Bureau (TTB)
_______________________________________________________________________

2538. REVISION OF BREWERY REGULATIONS AND ISSUANCE OF REGULATIONS FOR 
TAVERNS ON BREWERY PREMISES (BREWPUBS)

Priority: Substantive, Nonsignificant

CFR Citation: 27 CFR 7; 27 CFR 25

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       09/23/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Joanne Brady
Phone: 215 333-7050
Fax: 215 333-8871

[[Page 73659]]

Email: joanne.brady@ttb.treas.gov

RIN: 1513-AA02
_______________________________________________________________________

2539. REMOVAL OF REQUIREMENT TO DISCLOSE SACCHARIN IN THE LABELING OF 
WINE, DISTILLED SPIRITS, AND MALT BEVERAGES

Priority: Info./Admin./Other

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

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       09/23/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Marjorie D. Ruhf
Phone: 202 927-8210
Fax: 202 927-8525
Email: marjorie.ruhf@ttb.gov

RIN: 1513-AA15
_______________________________________________________________________

2540. TOBACCO PRODUCTS AND CIGARETTE PAPERS AND TUBES SHIPPED FROM 
PUERTO RICO TO THE UNITED STATES

Priority: Substantive, Nonsignificant

CFR Citation: 27 CFR 275

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    07/22/03                    68 FR 43294

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Linda Wade-Chapman
Phone: 202 927-8181
Fax: 202 927-8525
Email: wade-chapman.linda@ttb.gov

RIN: 1513-AA17
_______________________________________________________________________

2541. ELIMINATION OF STATISTICAL CLASSES FOR LARGE CIGARS

Priority: Substantive, Nonsignificant

CFR Citation: 27 CFR 40; 27 CFR 275

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    07/22/04                    69 FR 43294

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Linda Wade-Chapman
Phone: 202 927-8181
Fax: 202 927-8525
Email: wade-chapman.linda@ttb.gov

RIN: 1513-AA18
_______________________________________________________________________

2542. IMPORTATION OF TOBACCO PRODUCTS AND CIGARETTE PAPERS AND TUBES; 
RECODIFICATION OF REGULATIONS

Priority: Info./Admin./Other

CFR Citation: 27 CFR 41; 27 CFR 275

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    08/26/04                    69 FR 52421
Final Action Effective          08/26/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton
Phone: 202 927-8210
Fax: 202 927-8525
Email: nancy.sutton@ttb.gov

RIN: 1513-AA20
_______________________________________________________________________

2543. PETITION TO ESTABLISH THE ``SANTA BARBARA HIGHLANDS'' VITICULTURAL 
AREA

Priority: Substantive, Nonsignificant

CFR Citation: 27 CFR 9

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       09/23/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Timothy P. DeVanney
Phone: 202 927-8210
Fax: 202 927-8525
Email: timothy.devanney@ttb.gov

RIN: 1513-AA24
_______________________________________________________________________

2544. PROPOSED ``SAN BERNABE'' VITICULTURAL AREA

Priority: Substantive, Nonsignificant

CFR Citation: 27 CFR 9

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    06/29/04                    69 FR 38834
Final Action Effective          08/30/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton
Phone: 202 927-8210
Fax: 202 927-8525
Email: nancy.sutton@ttb.gov

RIN: 1513-AA28
_______________________________________________________________________

2545. PETITION TO ESTABLISH ``RED HILLS LAKE COUNTY'' AMERICAN 
VITICULTURAL AREA

Priority: Substantive, Nonsignificant

CFR Citation: 27 CFR 9

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    07/12/04                    69 FR 41750
Final Action Effective          09/10/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton
Phone: 202 927-8210
Fax: 202 927-8525
Email: nancy.sutton@ttb.gov

RIN: 1513-AA33
_______________________________________________________________________

2546. ELIMINATE REQUIREMENT TO ENROLL TO PRACTICE BEFORE THE BUREAU

Priority: Substantive, Nonsignificant

CFR Citation: 31 CFR 8

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       09/23/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Timothy P. DeVanney
Phone: 202 927-8210
Fax: 202 927-8525
Email: timothy.devanney@ttb.gov

RIN: 1513-AA62

[[Page 73660]]

_______________________________________________________________________

2547. PETITION TO ESTABLISH THE ``ALEXANDER MOUNTAIN'' VITICULTURAL AREA

Priority: Substantive, Nonsignificant

CFR Citation: 27 CFR 9

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       09/23/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton
Phone: 202 927-8210
Fax: 202 927-8525
Email: nancy.sutton@ttb.gov

RIN: 1513-AA65
_______________________________________________________________________

2548. PETITION TO ESTABLISH THE ``SALADO CREEK'' VITICULTURAL AREA

Priority: Substantive, Nonsignificant

CFR Citation: 27 CFR 9

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    06/29/04                    69 FR 38831
Final Action Effective          08/30/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton
Phone: 202 927-8210
Fax: 202 927-8525
Email: nancy.sutton@ttb.gov

RIN: 1513-AA69
_______________________________________________________________________

2549. REMOVAL OF REQUIREMENT TO DISCLOSE SACCHARIN IN THE LABELING OF 
WINE, DISTILLED SPIRITS, AND MALT BEVERAGE

Priority: Substantive, Nonsignificant

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

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    06/16/04                    69 FR 33572

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Lisa M. Gesser
Phone: 301 290-1460
Fax: 301 290-1463
Email: lisa.gesser@ttb.treas.gov

RIN: 1513-AA93
BILLING CODE 4810-25-S
_______________________________________________________________________
Department of the Treasury (TREAS)                  Proposed Rule Stage
Comptroller of the Currency (OCC)
_______________________________________________________________________

2550. RECORDKEEPING REQUIREMENTS FOR BANK EXCEPTIONS FROM SECURITIES 
BROKER OR DEALER REGISTRATION

Priority: Other Significant

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

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: This joint rulemaking would implement section 204 of the 
Gramm-Leach-Bliley Act. Section 204 directs the Federal banking 
agencies to establish recordkeeping requirements for banks relying on 
exceptions to the definitions of ``broker'' and ``dealer'' contained in 
paragraphs (4) and (5) of section 3(a) of the Securities Exchange Act 
of 1934.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

RIN: 1557-AB93
_______________________________________________________________________

2551. COMMUNITY REINVESTMENT ACT REGULATION (12 CFR 25)

Priority: Other Significant

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: OCC is considering revising certain provisions of its rules 
implementing the Community Reinvestment Act (CRA). This rulemaking 
would address the regulatory burden imposed on smaller national banks 
by revising the eligibility requirements for CRA evaluation under the 
lending, investment, and service tests. This rulemaking would also 
revise the definition of the term ``community development'' to include 
typical community development activities, such as affordable housing 
and community services, in rural communities and designated disaster 
areas.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           07/19/01                    66 FR 37602
ANPRM Comment Period End        10/17/01
NPRM                            02/06/04                     69 FR 5729
NPRM Comment Period End         04/06/04
NPRM                            11/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1557-AB98

[[Page 73661]]

_______________________________________________________________________

2552. RULES, POLICIES, AND PROCEDURES FOR CORPORATE ACTIVITIES; 
LICENSING PROCEDURES

Priority: Substantive, Nonsignificant

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

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

Legal Deadline: None

Abstract: This rulemaking would update certain provisions and make 
technical changes to OCC rules governing corporate activities in 12 CFR 
part 5. The rulemaking also would make technical changes to certain 
provisions in 12 CFR part 4 to reflect OCC's recent organizational 
restructing and to 12 CFR part 9 to reflect changes in regulations 
adopted by the Securities and Exchange Commission (SEC). Additionally, 
the rulemaking would amend subpart O of 12 CFR part 19 to combine 
current 12 CFR 19.240 and 19.241 into one section, and would make a 
technical correction to the regulation governing debt cancellation 
contracts (DCC's) and debt suspension agreements (DSAs) in 12 CFR part 
37.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Heidi M. Thomas, Special Counsel, Department of the 
Treasury, Comptroller of the Currency, Legislative and Regulatory 
Activities Division, 250 E Street SW., Washington, DC 20219
Phone: 202 874-5090
Fax: 202 874-4889
Email: heidi.thomas@occ.treas.gov

RIN: 1557-AC79
_______________________________________________________________________

2553. IDENTITY THEFT DETECTION, PREVENTION, AND MITIGATION PROGRAM FOR 
FINANCIAL INSTITUTIONS AND CREDITORS

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

Unfunded Mandates: Undetermined

Legal Authority: 15 USC 1681

CFR Citation: 12 CFR 41

Legal Deadline: None

Abstract: OCC, the Board of Governors of the Federal Reserve System, 
the Federal Deposit Insurance Corporation, the Office of Thrift 
Supervision, the National Credit Union Administration, and the Federal 
Trade Commission (the Agencies) are issuing a joint rulemaking to 
establish guidelines and regulations to implement section 114 of the 
Fair and Accurate Credit Transactions Act of 2003. Section 114 requires 
the Agencies to jointly issue guidelines for financial institutions and 
creditors identifying patterns, practices, and specific forms of 
activity, that indicate the possible existence of identity theft. In 
addition, the Agencies must issue regulations requiring each financial 
institution and creditor to establish reasonable policies and 
procedures to implement the guidelines. The regulations must contain a 
provision requiring a card issuer to notify the cardholder if the card 
issuer receives a notice of change of address for an existing account, 
and a short time later receives a request for an additional or 
replacement card.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

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

RIN: 1557-AC87
_______________________________________________________________________

2554. IMPLEMENTATION OF A REVISED BASEL CAPITAL ACCORD (BASEL II)

 Regulatory Plan: This entry is Seq. No. 113 in part II of this issue 
of the Federal Register.

RIN: 1557-AC91
_______________________________________________________________________
Department of the Treasury (TREAS)                     Final Rule Stage
Comptroller of the Currency (OCC)
_______________________________________________________________________

2555. ELECTRONIC FILING AND DISCLOSURE OF BENEFICIAL OWNERSHIP REPORTS

Priority: Other Significant

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

CFR Citation: 12 CFR 11

Legal Deadline: None

Abstract: The Sarbanes-Oxley Act of 2002 made amendments to section 
16(a) of the Securities Exchange Act of 1934, which requires the filing 
of beneficial ownership reports by officers, directors, and principal 
shareholders of issuers of securities. OCC administers and enforces 
section 16(a) with respect to officers, directors, and principal 
shareholders of national banks. Effective July 30, 2003, the amendments 
required that beneficial ownership reports be filed electronically and 
posted on the issuer's corporate website if it has a website. The 
rulemaking would require that beneficial ownership reports filed by 
officers, directors, and principal shareholders of national bank be 
filed electronically pursuant to the FDICconnect system and that the 
reports be placed on the website of national banks that have websites.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              09/22/03                    68 FR 54981
Interim Final Rule Effective    09/22/03                    68 FR 54891
Interim Final Rule Comment 
Period End                      11/30/03                    68 FR 54981
Final Action                    12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Martha Vestal Clarke, Counsel, Department of the 
Treasury, Comptroller of the Currency, Legislative and Regulatory 
Activities Division, 250 E Street SW., Washington, DC 20219

[[Page 73662]]

Phone: 202 874-5090
Fax: 202 874-4889
Email: martha.clarke@occ.treas.gov

RIN: 1557-AC75
_______________________________________________________________________

2556. RULES, POLICIES, AND PROCEDURES FOR CORPORATE ACTIVITIES; 
OPERATING SUBSIDIARY ANNUAL REPORT

Priority: Substantive, Nonsignificant

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

CFR Citation: 12 CFR 5.34

Legal Deadline: None

Abstract: This rulemaking would revise OCC's rules governing national 
bank operating subsidiaries. The rulemaking would require a national 
bank to file an annual report with OCC that identifies its operating 
subsidiaries that do business with consumers and are not otherwise 
functionally regulated subsidiaries under section 5(c)(5) of the Bank 
Holding Company Act of 1956, as amended. The proposed annual filing 
would contain the name of each reportable operating subsidiary, its 
state of incorporation, and a brief description of its activities. OCC 
would then make this information available to the public on its 
Internet Web page. OCC anticipates that this rulemaking would not have 
a significant impact on national banks.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/25/04                    69 FR 15260
NPRM Comment Period End         04/26/04
Final Action                    11/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Undetermined

Federalism:  Undetermined

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

RIN: 1557-AC81
_______________________________________________________________________

2557. RULES, POLICIES, AND PROCEDURES FOR CORPORATE ACTIVITIES; CIVIL 
MONETARY PENALTIES ADJUSTMENT

Priority: Substantive, Nonsignificant

Legal Authority: 28 USC 2461 note

CFR Citation: 12 CFR 19.240; 12 CFR 19.241

Legal Deadline: Final, Statutory, December 11, 2004.
Adjustments must be made at least once every 4 years.

Abstract: This rulemaking would adjust civil money penalties to account 
for inflation. The Federal Civil Penalties Inflation Act of 1990 
(Inflation Adjustment Act), as amended by the Debt Collection 
Improvement Act of 1996 (Debt Collection Act) requires federal agencies 
with authority to administer civil money penalties (CMPs) to publish 
regulations to adjust each CMP. The purpose of these adjustments is to 
maintain the deterrent effect of CMPs and to promote compliance with 
the law. The Debt Collection Act provides detailed instructions on the 
manner in which the inflation adjustment shall be calculated. The 
Inflation Adjustment Act requires adjustment to be made at least once 
every four years following the initial adjustment. OCC's prior 
adjustment to each CMP was published in the Federal Register on 
December 11, 2000 at 65 FR 77250 and became effective that same day. 
Accordingly, this final rule must be effective no later than December 
11, 2004.
Because the Debt Collection Act provides OCC with no discretion in 
calculating the amount of the civil money penalty adjustment, notice 
and comment are unnecessary. Accordingly, the changes to the regulation 
will be issued as a final rule.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    11/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

RIN: 1557-AC82
_______________________________________________________________________

2558. PROPER DISPOSAL OF CONSUMER INFORMATION

Priority: Other Significant

Legal Authority: 15 USC 1681s(b); 15 USC 1681w

CFR Citation: 12 CFR 30 app B; 12 CFR 41

Legal Deadline: Final, Statutory, December 4, 2004, 15 USC 1681w.
15 USC 1681W requires the banking agencies to issue final rules no 
later than one year after date of enactment of the statute.

Abstract: OCC, together with the Board of Governors of the Federal 
Reserve System, Federal Deposit Insurance Corporation, and the Office 
of the Thrift Supervision, (the banking agencies), are issuing a joint 
rulemaking to implement section 216 of the Fair and Accurate Credit 
Transactions Act of 2003. Section 216 requires the banking agencies, 
the National Credit Union Administration, the Securities and Exchange 
Commission, and the Federal Trade Commission to adopt consistent and 
comparable regulations, to the extent possible, requiring entities 
subject to their jurisdiction to properly dispose of consumer 
information as a means to reduce the risk of identity theft.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/08/04                    69 FR 31913
Final Action                    12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

RIN: 1557-AC84

[[Page 73663]]

_______________________________________________________________________

2559. FAIR CREDIT REPORTING REGULATIONS; USE OF MEDICAL INFORMATION; 
FACT ACT

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

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

CFR Citation: 12 CFR 41

Legal Deadline: None

Abstract: OCC is considering a rulemaking to implement section 411 of 
the Fair and Accurate Credit Transactions Act of 2003 (FACT Act). 
Section 411(a) requires OCC to prescribe regulations that permit 
creditors to obtain or use medical information for certain credit 
eligibility purposes. Additionally, section 411(b) restricts the 
sharing of medical information and related lists or descriptions with 
affiliates. However, it permits sharing of experience information among 
affiliates and sharing other information among affiliates after 
providing the consumer notice and an opportunity to op-out. Finally, 
section 411(b) authorizes OCC to issue rules to allow additional 
sharing of information determined by OCC to be appropriate or 
necessary. This rulemaking would establish for OCC a new 12 CFR part 
41, Fair Credit Regulations, to implement the FACT Act and to allow 
certain sharing of medical information.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/28/04                    69 FR 23380
Final Action                    11/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

RIN: 1557-AC85
_______________________________________________________________________

2560. FAIR CREDIT; AFFILIATE MARKETING REGULATIONS

Priority: Other Significant

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

CFR Citation: 12 CFR 41

Legal Deadline: Other, Statutory, August 6, 2004, See section 214 of 
the FACT Act, PL 108-159.

Abstract: OCC, the Board of Governors of the Federal Reserve System, 
the Federal Deposit Insurance Corporation, the Office of the Thrift 
Supervision, the National Credit Union Administration, and the Federal 
Trade Commission are planning to issue a rulemaking that would 
implement the affiliate-sharing provisions of section 214 of the Fair 
and Accurate Credit Transactions Act (FACT Act). The regulations would 
implement the consumer notice and opt-out provisions of the FACT Act 
regarding the sharing of consumer information among affiliates for 
marketing purposes.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/15/04                    69 FR 42502
Final Action                    11/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1557-AC88
_______________________________________________________________________

2561. SECURITIES BORROWING TRANSACTIONS

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

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

CFR Citation: 12 CFR 3

Legal Deadline: None

Abstract: As part of OCC's ongoing efforts to develop and refine 
capital standards to ensure the safety and soundness of the national 
banking system and to implement statutory requirements, OCC is amending 
various provisions of the capital rules for national banks. The change 
involves changes to securities borrowing transactions. The interim 
final rule adopted changes to the capital treatment of securities 
borrowing transactions, specifically by amending the market risk rules 
on the capital treatment for cash collateral. OCC is conducting this 
rulemaking jointly with the other Federal banking agencies.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              12/05/00                    65 FR 75856
Final Action                    09/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

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

2562. <bullet<ls-thn-eq> INTERAGENCY GUIDANCE ON RESPONSE PROGRAMS FOR 
UNAUTHORIZED ACCESS TO CUSTOMER INFORMATION AND CUSTOMER NOTICE

Priority: Other Significant

Legal Authority: 15 USC 6801

CFR Citation: 12 CFR 30, app B

Legal Deadline: None

Abstract: OCC, the Board of Governors of the Federal Reserve System, 
the Federal Deposit Insurance Corporation, and the Office of Thrift 
Supervision (the Agencies) are issuing an interpretation of section 
501(b) of the Gramm-Leach-Bliley Act and the Interagency Guidelines 
Establishing Standards for Safeguarding Customer Information. This 
interpretation describes the Agencies' expectations regarding the 
response programs, including customer notification procedures, that a 
financial institution

[[Page 73664]]

should develop and implement to address the unauthorized access to or 
use of customer information that could result in substantial harm or 
inconvenience to a customer. The agency published a notice and request 
for comment regarding this interpretation on August 12, 2003, at 68 FR 
47954.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    11/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

RIN: 1557-AC92
_______________________________________________________________________
Department of the Treasury (TREAS)                    Long-Term Actions
Comptroller of the Currency (OCC)
_______________________________________________________________________

2563. INTERAGENCY PROPOSAL TO CONSIDER ALTERNATIVE FORMS OF PRIVACY 
NOTICES UNDER THE GRAMM-LEACH-BLILEY ACT

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

CFR Citation: 12 CFR 40

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Federalism:  Undetermined

Agency Contact: Amy S. Friend
Phone: 202 874-5200
Fax: 202 874-5374
Email: amy.friend@occ.treas.gov

Heidi M. Thomas
Phone: 202 874-5090
Fax: 202 874-4889
Email: heidi.thomas@occ.treas.gov

RIN: 1557-AC80
_______________________________________________________________________

2564. COMMUNITY REINVESTMENT ACT REGULATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 25

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Rule                    07/08/04                    69 FR 41181
Final Action                     To Be                       Determined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Margaret Hesse
Phone: 202 874-5750
Fax: 202 874-5322
Email: margaret.hesse@occ.treas.gov

RIN: 1557-AC86
_______________________________________________________________________

2565. ACCURACY AND INTEGRITY OF INFORMATION FURNISHED TO A CONSUMER 
REPORTING AGENCY

Priority: Substantive, Nonsignificant

CFR Citation: Not Yet Determined

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                             To Be                       Determined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Michael Bylsma
Phone: 202 874-5750
Fax: 202 874-5322
Email: michael.bylsma@occ.treas.gov

RIN: 1557-AC89
_______________________________________________________________________
Department of the Treasury (TREAS)                    Completed Actions
Comptroller of the Currency (OCC)
_______________________________________________________________________

2566. FAIR CREDIT REPORTING REGULATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 41

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       09/14/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Patrick T. Tierney
Phone: 202 874-5090
Fax: 202 874-4889
Email: patrick.tierney@occ.treas.gov

RIN: 1557-AB78
_______________________________________________________________________

2567. MAINTENANCE OF RECORDS

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 7

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       09/14/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Jean Campbell
Phone: 202 874-5090
Fax: 202 874-4889
Email: jean.campbell@occ.treas.gov

RIN: 1557-AB99
_______________________________________________________________________

2568. RULES, POLICIES, AND PROCEDURES FOR CORPORATE ACTIVITIES

Priority: Other Significant

CFR Citation: 12 CFR 5

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    08/16/04                    69 FR 50293

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Heidi M. Thomas
Phone: 202 874-5090
Fax: 202 874-4889

[[Page 73665]]

Email: heidi.thomas@occ.treas.gov

RIN: 1557-AC11
_______________________________________________________________________

2569. RISK-BASED CAPITAL; CAPITAL ADEQUACY GUIDELINES; CAPITAL 
MAINTENANCE: INTERIM CAPITAL TREATMENT OF CONSOLIDATED ASSET-BACKED 
COMMERCIAL PAPER PROGRAM ASSETS

Priority: Other Significant

CFR Citation: 12 CFR 3

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Extension of Final Rule         04/26/04                    69 FR 22383
Final Action                    07/28/04                    69 FR 44908

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Ron Shimabukuro
Phone: 202 874-5090
Fax: 202 874-4889
Email: ron.shimabukuro@occ.treas.gov

Related RIN: Merged with 1557-AC77
RIN: 1557-AC76
_______________________________________________________________________

2570. LENDING LIMITS PILOT PROGRAM

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 32

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/23/04                    69 FR 21978
Final Action                    08/19/04                    69 FR 51355

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Mitchell Plave
Phone: 202 874-5090
Fax: 202 874-4889
Email: mitchell.plave@occ.treas.gov

RIN: 1557-AC83
BILLING CODE 4810-33-S
_______________________________________________________________________
Department of the Treasury (TREAS)                  Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________

2571. 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 income 
from stocks effectively connected under the asset use test with the 
conduct of an insurance business in the United States by a foreign 
company.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/05

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
Treasury attorney: Michael Caballero (202) 622-0851
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
_______________________________________________________________________

2572. COMPUTATION OF A BRANCH'S TAXABLE INCOME; TAXATION OF EXCHANGE 
GAIN OR LOSS ON BRANCH REMITTANCES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation relates to branch rules and how to translate 
branch income, the taxation of exchange gain or loss on branch 
remittances.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/25/91                    56 FR 48457
Second NPRM                     12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

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

RIN: 1545-AM12
_______________________________________________________________________

2573. 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.''

[[Page 73666]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

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

RIN: 1545-AM97
_______________________________________________________________________

2574. 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                            12/00/04

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
_______________________________________________________________________

2575. TAXATION OF GLOBAL TRADING

Priority: Substantive, Nonsignificant

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

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           08/28/90                    55 FR 35152
NPRM                            03/06/98                    63 FR 11177
NPRM Comment Period End         06/04/98
Hearing                         07/14/98
Second NPRM                     12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

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

RIN: 1545-AP01
_______________________________________________________________________

2576. 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                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-208265-90 (INTL-102-90)
Drafting attorney: Garrett D. Gregory (202) 622-3870
Reviewing attorney: Paul S. Epstein (202) 622-3870
Treasury attorney: Andrew Froberg (202) 622-1779
CC:INTL

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

RIN: 1545-AP10
_______________________________________________________________________

2577. INTEGRATED FINANCIAL TRANSACTION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 864

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulation addresses whether funding raised for a 
securities dealing and/or trading operation, and whether matched book 
sale and repurchase transactions conducted by securities dealers 
qualify as integrated financial transactions under section 1.861-10(c).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

[[Page 73667]]

CC:INTL

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

RIN: 1545-AR20
_______________________________________________________________________

2578. FOREIGN TRUSTS REGULATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 6048

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This document revises regulations relating to certain foreign 
trusts under section 6048 of the Internal Revenue Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-209594-92 (INTL-067-92)
Drafting attorney: M. Grace Fleeman (202) 622-3880
Reviewing attorney: Elizabeth U. Karzon (202) 622-3880
Treasury attorney: John Harrington (202) 622-0589
CC:INTL

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

RIN: 1545-AR25
_______________________________________________________________________

2579. TREATMENT OF DUAL CONSOLIDATED LOSSES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 1503; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The proposed regulation makes the determination of when and 
how section 1503(d), treatment of dual consolidated losses, will apply 
to partnerships.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-209564-92 (INTL-037-92)
Drafting attorney: Kathryn T. Holman (202) 622-3860
Reviewing attorney: Michael H. Frankel (202) 622-3860
Treasury attorney: Michael Caballero (202) 622-0851
CC:INTL

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

RIN: 1545-AR26
_______________________________________________________________________

2580. APPLICATION OF ATTRIBUTION RULES TO FOREIGN TRUSTS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Federalism:  Undetermined

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

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

RIN: 1545-AU91
_______________________________________________________________________

2581. AGREEMENTS FOR PAYMENT OF TAX LIABILITIES IN INSTALLMENTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6159; 26 USC 7805

CFR Citation: 26 CFR 301

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/31/97                    62 FR 68241
Second NPRM                     12/00/04

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

[[Page 73668]]

_______________________________________________________________________

2582. RULES FOR SOURCING CERTAIN TRANSPORTATION INCOME, SPACE, OR OCEAN 
ACTIVITY INCOME, AND RELATED FOREIGN BASE COMPANY SHIPPING INCOME

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulation provides guidance for application of the 
source rules for transportation income under section 863(c).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/05

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-115557-98
Drafting attorney: Patricia A. Bray and David L. Lundy (202 622-3880
Reviewing attorney: Elizabeth Karzon (202) 622-3880
Treasury attorney: Carl Dubert (202) 622-0222
CC:INTL

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

RIN: 1545-AX02
_______________________________________________________________________

2583. INSPECTION OF WRITTEN DETERMINATIONS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: This regulation amends Treasury Regulation section 301.6110-1 
to include Chief Counsel Advice.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-113129-98
Drafting attorney: Deborah Lambert-Dean (202) 622-4570
Reviewing attorney: Donald Squires (202) 622-4570
Treasury attorney: Eric San Juan (202) 622-0224
CC:PA:DPL

Agency Contact: Deborah C. Lambert-Dean, Attorney-Advisor, Department 
of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4570
Fax: 202 622-4520

RIN: 1545-AX40
_______________________________________________________________________

2584. CASH OR DEFERRED ARRANGEMENTS (TEMPORARY)

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulations           12/00/04

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: 202 622-6060

Related RIN: Related to 1545-AX26
RIN: 1545-AX43
_______________________________________________________________________

2585. AWARDING OF COSTS AND CERTAIN FEES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 7430

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The proposed amendments to the Treasury Regulations 
incorporate the 1997 and 1998 amendments to 26 U.S.C. 7430, relating to 
the awarding of attorney's fees in administrative and court 
proceedings. The amendments to 26 U.S.C. 7430 were enacted under the 
Taxpayer Relief Act of 1997 and the IRS Restructuring and Reform Act of 
1998.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

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

RIN: 1545-AX46
_______________________________________________________________________

2586. HIGHLY COMPENSATED EMPLOYEE

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 414

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

[[Page 73669]]

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: 202 622-6060

RIN: 1545-AX48
_______________________________________________________________________

2587. 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                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-116053-99
Drafting attorney: Robert W. Lorence (202) 622-3860
Reviewing attorney: Charles Besecky (202) 622-3860
Treasury attorney: Michael Caballero (202) 622-0851
CC:INTL

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

RIN: 1545-AX77
_______________________________________________________________________

2588. DEFINITION OF PASSIVE FOREIGN INVESTMENT COMPANY UNDER SECTION 
1297

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 1297

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-100427-00
Drafting attorney: Ethan A. Atticks (202) 622-3840
Reviewing attorney: Valerie A. Mark Lippe (202) 622-3840
Treasury attorney: Carl Dubert (202) 622-0222
CC:INTL

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

RIN: 1545-AX78
_______________________________________________________________________

2589. 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                            12/00/04

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
_______________________________________________________________________

2590. 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                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-107722-00
Drafting attorney: Joseph DeWald (202) 622-4910
Reviewing attorney: Pamela W. Fuller (202) 622-4910

[[Page 73670]]

Treasury attorney: George Manousos (202) 622-1335
CC:PA:APJ

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

RIN: 1545-AY22
_______________________________________________________________________

2591. WITHHOLDING TAX ON FOREIGN PARTNERS' SHARE OF EFFECTIVELY 
CONNECTED INCOME

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 1446

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations provide guidance for partnerships obligated 
to pay withholding tax under section 1446 of the Internal Revenue Code. 
Specifically, the proposed and temporary regulations address the 
circumstances under which a partnership may reduce its withholding tax 
due based upon certifications of losses by foreign partners or when the 
partnership is in bankruptcy. The temporary regulations will be 
effective for partnership taxable years beginning after the date the 
regulations are published in the Federal Register.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/03/03                    68 FR 52466
Second NPRM                     03/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: Undetermined

Additional Information: REG-108524-00
Drafting attorneys: David J. Sotos (202) 622-3860; Ronald M. Gootzeit 
(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

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

Related RIN: Related to 1545-BD80
RIN: 1545-AY28
_______________________________________________________________________

2592. 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                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

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

RIN: 1545-AY30
_______________________________________________________________________

2593. SPECIAL RULES RELATING TO TRANSFERS OF INTANGIBLES TO FOREIGN 
CORPORATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 367

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Federalism:  Undetermined

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

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

RIN: 1545-AY41
_______________________________________________________________________

2594. PREVIOUSLY TAXED EARNINGS AND PROFITS UNDER SUBPART F

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805; 26 USC 959

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-121509-00
Drafting attorney: Jonathan A. Sambur (202) 622-3840
Reviewing attorney: Phyllis E. Marcus (202) 622-3840
Treasury attorney: Carl Dubert (202) 622-0222

[[Page 73671]]

CC:INTL

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

RIN: 1545-AY54
_______________________________________________________________________

2595. LIABILITIES ASSUMED IN CERTAIN CORPORATE TRANSACTIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 357

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

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

RIN: 1545-AY74
_______________________________________________________________________

2596. DISCLOSURE OF RETURNS AND RETURN INFORMATION IN JUDICIAL AND 
ADMINISTRATIVE TAX PROCEEDINGS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 6103

CFR Citation: 26 CFR 301

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-120297-01
Drafting attorney: Geoffrey M. Campbell (202) 622-4570
Reviewing attorney: David L. Fish (202) 622-4580
Treasury attorney: Eric San Juan (202) 622-0224
CC:PA:DPL

Agency Contact: Geoffrey M. Campbell, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20024
Phone: 202 622-4570

RIN: 1545-AY89
_______________________________________________________________________

2597. TRANSITIONAL RELIEF FOR QUALIFIED INTERMEDIARIES

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

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805; 26 USC 1441

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulation will promulgate Notices 2001-4, 2001-11 and 
2001-43 into the section 1441 regulation. Generally, the Notices 
provide transitional relief with respect to the new withholding regime 
for qualified intermediaries.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Federalism:  Undetermined

Additional Information: REG-125443-01
Drafting attorney: Ethan A. Atticks (202) 622-3840
Reviewing attorney: Valerie Mark-Lippe (202) 622-3840
Treasury attorney: Andy Froberg (202) 622-1779
CC:INTL

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

RIN: 1545-AY92
_______________________________________________________________________

2598. 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                            11/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

Agency Contact: Frances L. Kelly, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-7770

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

2599. DEDUCTIBILITY OF EMPLOYER CONTRIBUTIONS FOR DEFERRED COMPENSATION

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

[[Page 73672]]

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                            06/00/05

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 Marshall, Senior Counsel, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-8012

RIN: 1545-BA13
_______________________________________________________________________

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                            06/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses, Governmental Jurisdictions

Government Levels Affected: Local, State, Tribal

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

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

RIN: 1545-BA27
_______________________________________________________________________

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 7603; 26 USC 7609

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: The proposed regulation provides guidance regarding modified 
rules for serving summonses on third-party recordkeepers, the broadened 
range of summonses subject to the notice requirements, and the 
suspension of limitations periods when court actions are brought or 
when a summoned third party fails to fully respond to a summons. This 
proposed regulation incorporates the changes enacted in the Internal 
Revenue Service Restructuring and Reform Act of 1998, Omnibus Budget 
Reconciliation Act of 1990, Technical and Miscellaneous Revenue Act of 
1988, and the Tax Reform Act of 1986. This regulation is a continuation 
of the regulation project previously numbered at REG-208225-88.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-153037-01
Drafting attorney: Elizabeth D. Rawlins (202) 622-3600
Reviewing attorney: Robert A. Miller (202) 622-3600
Treasury attorney: Jonathan Ackerman (202) 622-1981
CC:PA:CBS

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

RIN: 1545-BA31
_______________________________________________________________________

2602. 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 section 1.931-1 and references 
thereto in other sections.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-159068-01
Drafting attorney: Ethan A. Atticks (202) 622-3840
Reviewing attorney: Phyllis E. Marcus (202) 622-3840
Treasury attorney: Carl Dubert (202) 622-0222
CC:INTL

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

RIN: 1545-BA37
_______________________________________________________________________

2603. 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

[[Page 73673]]

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                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-160799-01
Drafting attorney: Jeffrey L. Vinnik (202) 622-3840
Reviewing attorney: David N. Bowen (202) 622-3800
Treasury attorney: Rocco Femia (202) 622-1755
CC:INTL

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

RIN: 1545-BA41
_______________________________________________________________________

2604. MULTIFAMILY HOUSING BONDS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Local, State

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

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

RIN: 1545-BA45
_______________________________________________________________________

2605. ALLOCATION AND APPORTIONMENT RULES: GUIDANCE ON SELECTED ISSUES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 863

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-128240-01
Drafting attorney: Teresa B. Hughes (202) 622-3850
Reviewing attorney: Anne O. Devereaux (202) 622-3850
Treasury attorney: John Harrington (202) 622-0589
CC:INTL

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

RIN: 1545-BA64
_______________________________________________________________________

2606. 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                            12/00/04

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

RIN: 1545-BA65
_______________________________________________________________________

2607. CIRCULAR 230--PHASE 2 NONSHELTER REVISIONS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 31 USC 330

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           12/19/02                    67 FR 77724
NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

[[Page 73674]]

Small Entities Affected: No

Government Levels Affected: None

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

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

RIN: 1545-BA72
_______________________________________________________________________

2608. ALLOCATION OF NEW MARKETS TAX CREDIT

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 45D; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/05

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
_______________________________________________________________________

2609. GUIDANCE TO FACILITATE ELECTRONIC TAX ADMINISTRATION

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: This regulation will facilitate electronic tax 
administration.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

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

RIN: 1545-BA96
_______________________________________________________________________

2610. 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                            12/00/04

Regulatory Flexibility Analysis Required: Undetermined

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:APJ

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
_______________________________________________________________________

2611. COMMUNICATIONS EXCISE TAX; TAXABLE COMMUNICATION SERVICES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 4251; 26 USC 7805

CFR Citation: 26 CFR 49

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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

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
_______________________________________________________________________

2612. COST SHARING

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 482

CFR Citation: 26 CFR 1

Legal Deadline: None

[[Page 73675]]

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Federalism:  Undetermined

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

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

RIN: 1545-BB26
_______________________________________________________________________

2613. 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                            12/00/04

Regulatory Flexibility Analysis Required: Undetermined

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
_______________________________________________________________________

2614. AMENDING THE LOW-INCOME HOUSING TAX CREDIT PROGRAM

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 42; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

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
_______________________________________________________________________

2615. 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                            12/00/04

Regulatory Flexibility Analysis Required: Undetermined

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
_______________________________________________________________________

2616. LOSS LIMITATION RULES--GENERAL UTILITIES REPEAL

Priority: Substantive, Nonsignificant

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

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations will provide guidance to corporations that 
are members of an affiliated group filing a consolidated income tax 
return and that own stock of a subsidiary member of the group. The 
regulations will 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                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

[[Page 73676]]

Federalism:  Undetermined

Additional Information: REG-157711-02
Drafting attorney: Martin Huck (202) 622-7750
Reviewing attorney: Theresa Abell (202) 622-7700
CC:COR

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

RIN: 1545-BB61
_______________________________________________________________________

2617. 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 Internal Revenue Code section 
168(f)(8).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-148399-02
Drafting attorney: Grant D. Anderson (202) 622-4930
Reviewing attorney: Donna Crisalli (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: 202 622-4930

Related RIN: Related to 1545-BB63
RIN: 1545-BB62
_______________________________________________________________________

2618. 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                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Governmental Jurisdictions

Government Levels Affected: Local, State, Tribal

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

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

RIN: 1545-BB64
_______________________________________________________________________

2619. LIQUIDATION OF AN INTEREST

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 2704(b)

CFR Citation: 26 CFR 25

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-163113-02
Drafting attorney: John MacEachen (202) 622-3253
Reviewing attorney: George Masnik (202) 622-3090
Treasury attorney: Catherine Hughes (202) 622-9407
CC:PSI

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

RIN: 1545-BB71
_______________________________________________________________________

2620. 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) accelerate the 
recognition of income associated with a REMIC resident interest that is 
allocation to foreign person, including a foreign partner in a U.S. 
partnership.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Federalism:  Undetermined

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

Agency Contact: Arturo Estrada, Attorney-Advisor, Department of the

[[Page 73677]]

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3900

RIN: 1545-BB84
_______________________________________________________________________

2621. PREDECESSORS OR SUCCESSORS UNDER SECTION 355(E)

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 355; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations under section 355(e) set forth whether a 
transferor to or a transferee of distributing or controlled assets is a 
predecessor or successor.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

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: Stephen P. Fattman (202) 622-7700
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC:COR

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
_______________________________________________________________________

2622. DEPENDENT CARE CREDIT

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 21; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The notice of proposed rulemaking will amend existing but 
partially obsolete regulations under 26 U.S.C. 21 relating to dependent 
care credits.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-139059-02
Drafting attorney: Warren M. Joseph (202) 622-4920
Reviewing attorney: Robert Berkovsky (202) 622-4920
CC:ITA

Agency Contact: Warren M. Joseph, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4920

RIN: 1545-BB86
_______________________________________________________________________

2623. GUIDANCE REGARDING MARK-TO-MARKET VALUATION FOR CERTAIN SECURITIES

Priority: Substantive, Nonsignificant

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

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Section 475(a) requires that dealers in securities mark their 
securities to market. If the security is inventory, the dealer must 
include that security at fair market value. Taxpayers must treat any 
securities that are not inventory as if they were sold for its fair 
market value on the last business day of the year. While the legal 
definition of the term ``fair market value'' has long been settled, the 
statute is silent as to what valuation methodology should be used to 
determine fair market value of any particular security. Many of the 
securities subject to section 475 raise difficult valuation issues. An 
advanced notice of proposed rulemaking (ANPRM) was issued on May 5, 
2003, and asked for comments on a possible financial statement-tax 
conformity safe harbor approach for valuing certain securities under 
section 475 for which the determination of actual fair market value is 
administratively difficult. The ANPRM asked for comments on: (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 recordkeeping, 
retention, and availability requirements for verification of financial 
statement-tax conformity; and (6) what approach will apply if the 
election for financial statement-tax conformity is not made. A notice 
of proposed rulemaking is being drafted currently based upon comments 
received from the ANPRM.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

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

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

RIN: 1545-BB90
_______________________________________________________________________

2624. PARTNERSHIP EQUITY FOR SERVICES

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

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                            12/00/04

Regulatory Flexibility Analysis Required: No

[[Page 73678]]

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-105346-03
Drafting attorneys: Demetri Yatrakis (202) 622-3060
Reviewing attorney: Audrey Ellis (202) 622-3060
Treasury attorney: Deborah Harrington (202) 622-1788
CC:PSI

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

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

RIN: 1545-BB92
_______________________________________________________________________

2625. DETERMINATION OF SINGLE-SUM DISTRIBUTIONS FROM CASH BALANCE PLANS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations will modify the rules for the determination 
of minimum single-sum distributions from cash balance pension plans.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Organizations

Government Levels Affected: None

Additional Information: REG-168897-02
Drafting attorney: Linda S.F. Marshall (202) 622-6090
Reviewing attorney: Marjorie Hoffman (202) 622-6030
Treasury attorney: William Bortz (202) 622-1352
CC:TEGE

Agency Contact: Linda Marshall, Senior Counsel, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-8012

RIN: 1545-BB93
_______________________________________________________________________

2626. ACCRUAL FOR CERTAIN REMIC REGULAR INTERESTS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

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                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-108637-03
Drafting attorney: Rebecca E. Asta (202) 622-3930
Reviewing attorney: Patrick White (202) 622-3920
CC:FI

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

RIN: 1545-BB94
_______________________________________________________________________

2627. 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                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-150088-02
Drafting attorney: Laurence K. Williams (202) 622-3600
Reviewing attorney: Alan Levine (202) 622-3600
CC:PA:CBS

Agency Contact: Laurence K. Williams, attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20024
Phone: 202 622-3600

RIN: 1545-BB96
_______________________________________________________________________

2628. 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                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-150091-02
Drafting attorney: Laurence K. Williams (202) 622-3600
Reviewing attorney: Alan Levine (202) 622-3610
CC:PA:CBS

Agency Contact: Laurence K. Williams, attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20024
Phone: 202 622-3600

RIN: 1545-BB97

[[Page 73679]]

_______________________________________________________________________

2629. GENERAL ALLOCATION AND ACCOUNTING REGULATIONS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation provides rules for the allocation of and 
accounting for bond proceeds for purposes of determining whether bonds 
are private activity bonds under section 141 of the Internal Revenue 
Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/00/05

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: State

Federalism:  Undetermined

Additional Information: REG-140379-02
Drafting attorney: Michael Brewer (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-BC07
_______________________________________________________________________

2630. UTILITY ALLOWANCE REGULATION UPDATE

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 42

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will modify and update utility allowance 
regulations under section 1.142-10, which provides for an alternative 
method for computing utility allowances under section 1.142-
10(b)(4)(ii). Also, the regulation will provide for annual updates of 
utility allowances.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-128274-03
Drafting attorney: David Selig (202) 622-3040
Reviewing attorney: Harold Burghart (202) 622-3040
Treasury attorney: Bruce Serchuk (202) 622-1766
CC:PSI

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

RIN: 1545-BC22
_______________________________________________________________________

2631. GUIDANCE REGARDING APPLICATION OF SECTION 265(A)(2) AND 246A IN 
TRANSACTIONS INVOLVING RELATED PARTIES, PASS-THROUGH ENTITIES, OR OTHER 
INTERMEDIARIES

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

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

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           05/07/04                    69 FR 25534
NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-128572-03
Drafting attorney: Avital Grunhaus (202) 622-3940
Reviewing attorney: David Silber (202) 622-3930
Treasury attorneys: Michael Novey (202) 622-1339 and Viva Hammer (202) 
622-0869

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

RIN: 1545-BC24
_______________________________________________________________________

2632. GUIDANCE ON PFIC PURGING ELECTIONS

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

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These proposed regulations will provide guidance regarding 
retroactive relief for taxpayers who, in limited circumstances, 
continue to be subject to the PFIC excess distribution regime of 
section 1291 although the foreign corporation in which they own stock 
is no longer treated as a PFIC under section 1298(b)(1) or section 
1297(e).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-133446-03
Drafting attorney: Alexandra K. Helou (202) 622-3840
Reviewing attorney: Valerie A. Mark Lippe (202) 622-3840
Treasury attorney: Carl Dubert (202) 622-0222
CC:INTL

[[Page 73680]]

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

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

2633. ADDITIONAL GUIDANCE REGARDING MARK-TO-MARKET ACCOUNTING FOR 
TRADERS IN SECURITIES AND/OR COMMODITIES, INCLUDING FOREIGN CURRENCY 
INSTRUMENTS

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

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805; 26 USC 988(a)(1)(B)

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation provides additional rules relating to the 
trader mark-to-market election: 1) the coordination of income character 
rules of the mark-to-market regime with the capital election under 
section 988(a)(1)(B); 2) the definition of commodities for purposes of 
section 475; and 3) the application of the mark-to-market rules for 
traders that trade both securities and commodities in a single 
business.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

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

RIN: 1545-BC48
_______________________________________________________________________

2634. STEWARDSHIP EXPENSES

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

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The current regulations under section 1.861-8(e)(4), titled 
``Stewardship Expenses Attributable to Dividends Received,'' are 
confusing and subject to misuse by taxpayers. In conjunction with the 
proposed services regulations under section 482, it is proposed to 
revise these regulations to clarify the parameters of stewardship 
expenses, thereby demarcating them from shareholder activities under 
section 482 and supportive expenses under section 1.861-8T(b)(3).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-138603-03
Drafting attorney: Teresa B. Hughes (202) 622-3850
Reviewing attorney: Anne O. Devereaux (202) 622-3850
Treasury attorney: Rocco Femia (202) 622-1755
CC:INTL

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

RIN: 1545-BC52
_______________________________________________________________________

2635. COORDINATION OF UNITED STATES AND CERTAIN POSSESSIONS INCOME TAXES

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1; 26 CFR 301

Legal Deadline: None

Abstract: The regulations for section 7654 (1954 Code) will revise 
existing regulations for clarification and the regulations for section 
7654 (1986 Code) will be new. Internal Revenue Code (IRC) section 7654 
contains the provisions for cover-over to the U.S. Possessions. Old 
section 7654 (1954 Code) continues to be applicable to Guam and the 
Commonwealth of the Northern Mariana Islands (CNMI) because these two 
possessions do not have an effective implementing agreement with the 
United States as required by the Tax Reform Act of 1986. Regulations 
are necessary for consistent and correct application of section 7654. 
For example, cover-over for (Armed Forces) residents of the possessions 
stationed outside the possessions are not specifically addressed in the 
1954 Code, and neither is cover-over for Federal employees residing in 
U.S. Possessions. Regulations are needed to carry out the provisions of 
section 7654 and sections 931, 932, and 935.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-139900-03
Drafting attorney: Mae J. Lew (202) 435-5262
Reviewing attorney: Ricardo A. Cadenas (202) 435-5262
Treasury attorney: Carl Dubert (202) 622-1765
CC:INTL

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

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

2636. GUIDANCE UNDER SECTION 2053 REGARDING POST-DEATH EVENTS

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

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805

[[Page 73681]]

CFR Citation: 26 CFR 20

Legal Deadline: None

Abstract: These regulations relate to the amount deductible under 
section 2053(a)(3) of the Internal Revenue Code. The regulations will 
affect estates of decedents where claims exist against the decedent's 
estate.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Federalism:  Undetermined

Additional Information: REG-143316-03
Drafting attorney: DeAnn K. Malone (202) 622-3112
Reviewing attorney: Melissa Liquerman (202) 622-7830
Treasury attorney: Cathy Hughes (202) 622-9407
CC:PSI

Agency Contact: DeAnn K. Malone, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3112

RIN: 1545-BC56
_______________________________________________________________________

2637. GUIDANCE UNDER SECTION 707 REGARDING DISGUISED SALES

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

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 707; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will provide guidance regarding disguised 
sales of partnership interests.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-149519-03
Drafting attorney: James M. Gergurich (202) 622-3070
Reviewing attorney: Christine Ellison (202) 622-3080
Treasury attorney: Stephanie Robinson (202) 622-7858
CC:PSI

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

RIN: 1545-BC63
_______________________________________________________________________

2638. COLLECTION AFTER ASSESSMENT

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

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805; 26 USC 6502

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The Internal Revenue Service Restructuring and Reform Act of 
1998 (RRA `98) section 3461 amended section 6502 of the Code to limit 
the ability of the Service to enter into agreements extending the 
collection statute. RRA `98 also included an off-Code ``sunset'' 
provision governing the continued effect of collection statute 
extension agreements executed prior to January 1, 2000, the effective 
date of this section. The current regulations under section 6502 have 
not been updated to reflect these changes to the section. The current 
regulations provide that extension agreements may be executed anytime 
prior to the expiration of the original statutory collection period.
The revised regulations will incorporate the changes imposed by RRA `98 
and will provide in part that the only two circumstances under which an 
agreement extending the collecting period may be executed are: (1) when 
the extension agreement is executed in connection with an Installment 
Agreement; and (2) when the extension agreement is executed prior to a 
levy being released pursuant to section 6343, when the release occurs 
after the expiration of the original 10-year statutory collection 
period. Also, the revised regulations will discuss the continued 
validity of extension agreements executed prior to January 1, 2000.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-148701-03
Drafting attorney: Debra Kohn (202) 622-3620
Reviewing attorney: Fredrick W. Schindler (202) 622-3600
Treasury attorney: Julian Kim (202) 622-1981
CC:PA:CBS

Agency Contact: Debra Kohn, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 
20024
Phone: 202 622-3620

RIN: 1545-BC72
_______________________________________________________________________

2639. BELOW-MARKET LOANS

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

Unfunded Mandates: Undetermined

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

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-209226-84
Drafting attorney: Rebecca E. Asta (202) 622-3930
Reviewing attorney: David Silber (202) 622-3930
Treasury attorney: Viva Hammer (202) 622-0869

[[Page 73682]]

CC:FI

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

RIN: 1545-BC78
_______________________________________________________________________

2640. INFORMATION REPORTING RELATING TO TAXABLE STOCK TRANSACTIONS

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

Legal Authority: 26 USC 6043; 26 USC 6045

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These proposed regulations under sections 6043 and 6045 
require information reporting by corporations and brokers with respect 
to corporate acquisitions of control and substantial changes in capital 
structure. The notice of proposed rulemaking cross-references temporary 
regulations and also withdraws previous proposed rules (67 FR 69496; 
RIN 1545-BB60).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-156232-03
Drafting attorney: Nancy L. Rose (202) 622-4910
CC:PA:APJ

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

Related RIN: Related to 1545-BB40, Related to 1545-BB60, Related to 
1545-BC79
RIN: 1545-BC80
_______________________________________________________________________

2641. DEFINITION OF LOSS FOR PURPOSES OF THE STRADDLE RULES

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

Legal Authority: 26 USC 7805; 26 USC 1092

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation expands the definition of the term ``loss'' 
for purposes of sections 1092 and 263(g) to include otherwise 
deductible payments or accruals determined with respect to changes in 
the capital value of offsetting positions in a straddle that lacks a 
capital investment.``

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

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

RIN: 1545-BC83
_______________________________________________________________________

2642. DETERMINATION OF RESIDENCY IN U.S. POSSESSIONS

Priority: Substantive, Nonsignificant

Legal Authority: Not Yet Determined

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will address the determination of residency 
in U.S. possessions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Federalism:  Undetermined

Additional Information: REG-159243-03
Drafting attorney: J. David Varley (202) 435-5265
Reviewing attorney: W. Edward Williams (202) 622-3830
Treasury attorney: Carl Dubert (202) 622-0222
CC:INTL

Agency Contact: J. David Varley, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave., N.W., 
Washington, DC 20224
Phone: 202 435-5265

W. Edward Williams, Special Counsel, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 
20224
Phone: 202 622-3830

RIN: 1545-BC86
_______________________________________________________________________

2643. TRANSACTIONS INVOLVING THE TRANSFER OF NO NET EQUITY VALUE

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805; 26 USC 351

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations will provide guidance regarding the 
application of sections 332, 351, and 368 in certain transactions 
involving insolvent corporations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-163314-03
Drafting attorney: Jean R. Brenner (202) 622-7790
Reviewing attorneys: Victor L. Penico and Lisa Fuller (202) 622-7750
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC:COR

Agency Contact: Jean R. Brenner, Attorney-Advisor, Department of the

[[Page 73683]]

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-7790

RIN: 1545-BC88
_______________________________________________________________________

2644. PAYMENTS IN THE NATURE OF WORKERS COMPENSATION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The proposed rulemaking will exclude payments made pursuant 
to statutes in the nature of workers' compensation law from the 
definition of wages as defined in I.R.C. 3121(a).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Local, State

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

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

RIN: 1545-BC89
_______________________________________________________________________

2645. DISCLOSURES TO SUBCONTRACTORS

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

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 6103

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: Proposed rule to amend existing regulations on disclosure of 
returns and return information in connection with procurement of 
property and services for tax administration purposes.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Federal, State

Additional Information: REG-148867-03
Drafting attorney: Helene R. Newsome (202) 622-4570
Reviewing attorney: Gerald R. Ryan (202) 622-4570
Treasury attorney: Eric San Juan (202) 622-0224
CC:PA:DPL

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

RIN: 1545-BC92
_______________________________________________________________________

2646. REVISION OF SECTION 301.6103(J)-1 FOR DISCLOSURE TO THE BUREAU OF 
ECONOMIC ANALYSIS, DEPARTMENT OF COMMERCE

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6103

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-148864-03
Drafting attorney: Joseph E. Conley (202) 622-4580
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-BC93
_______________________________________________________________________

2647. GUIDANCE REGARDING THE ACTIVE TRADE OR BUSINESS REQUIREMENT UNDER 
SECTION 355(B)

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

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

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

RIN: 1545-BC94
_______________________________________________________________________

2648. ACCUMULATED ADJUSTMENT ACCOUNT AND OTHER CORPORATE SEPARATIONS 
UNDER SECTION 355

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

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These proposed regulation will amend the current regulations 
under section 1.368-2 in order to address the proper treatment of an S

[[Page 73684]]

corporations accumulated adjustment account in a section 355 
transaction not preceded by a section 368(a)(1)(D) reorganization.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-168722-03
Drafting attorney: Christopher L. Trump (202) 622-3070
Reviewing attorney: James Quinn (202) 622-3070
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-BC98
_______________________________________________________________________

2649. ATTAINED AGE OF THE INSURED

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

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The proposed regulations define the age of the insured to be 
used by the insurance companies for the cash value corridor and 
maturity date assumption required to determine if a contract insuring 
more than one life qualifies as a life insurance contract for Federal 
income tax purposes.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-168892-03
Drafting attorney: Ann H. Logan (202) 622-3970
Reviewing attorney: Donald Drees (202) 622-3970
CC:FI

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-BD00
_______________________________________________________________________

2650. SUPPORT TEST IN THE CASE OF A CHILD OF DIVORCED PARENTS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 152

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These proposed regulations will amend section 1.152-4 to 
delete obsolete provisions, update other provisions, and clarify the 
definition of ``custody.'' It will incorporate the guidance provided in 
section 1.152-4T and provide additional guidance on the release of a 
custodial parent's claim to exemption.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Undetermined

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

Agency Contact: Victoria J. Driscoll, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4920
Fax: 2026226853

RIN: 1545-BD01
_______________________________________________________________________

2651. DUAL CONSOLIDATED LOSS REGULATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 1503

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This proposed regulation provides additional guidance with 
respect to dual consolidated losses under section 1503(d).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-102144-04
Drafting attorney: Kathryn T. Holman (202) 622-3860
Reviewing attorney: Michael H. Frankel (202) 622-3860
Treasury attorney: Carl Dubert (202) 622-0222
CC:INTL

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

RIN: 1545-BD10
_______________________________________________________________________

2652. CURRENT LIABILITY INTEREST RATE UNDER SECTION 412(B)(5)

Priority: Substantive, Nonsignificant

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

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These proposed regulations will provide rules regarding the 
current liability interest rate under section 412(b)(5).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-105966-04
Drafting attorney: Linda S.F. Marshall (202) 622-6090
Treasury attorney: Harlan Weller (202) 622-1001
CC:TEGE

Agency Contact: Linda Marshall, Senior Counsel, Department of the

[[Page 73685]]

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-8012

RIN: 1545-BD13
_______________________________________________________________________

2653. DEFINITION OF QUALIFIED FOREIGN CORPORATION

Priority: Substantive, Nonsignificant

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

CFR Citation: Not Yet Determined

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

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

RIN: 1545-BD15
_______________________________________________________________________

2654. MOVE AND UPDATE THE ESTIMATED TAX REGULATIONS

Priority: Info./Admin./Other

Legal Authority: 26 USC 6654

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The proposed regulation will move and update the estimated 
tax regulations from Treasury Regulation sections 1.6015(a)-(j) and 
301.6015 to the section 6654 regulations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-147157-03
Drafting attorney: Tonya L. Christianson (202) 622-4910
Reviewing attorney: Tiffany Smith (202) 622-4910
Treasury attorney: Eric San Juan (202) 622-0224
CC:PA:APJ

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

RIN: 1545-BD17
_______________________________________________________________________

2655. REMIC INTEREST-ONLY REGULAR INTERESTS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The advanced notice of proposed rulemaking describes rules 
that the IRS and Treasury Department are considering regarding the 
proper timing of income or deduction attributable to an interest only 
regular interest in a Real Estate Mortgage Investment Conduit (REMIC). 
Under section 860B(a) of the Internal Revenue Code, an interest only 
regular interest in a REMIC (REMIC IO) is treated as a debt instrument. 
However, unlike traditional debt instruments, the amount received by a 
holder of a REMIC IO may not exceed the holder's initial investment. As 
a result, REMIC IOs have presented difficult and novel questions in the 
application of the rules for original issue discount, market discount, 
and premium. The IRS and Treasury Department are therefore considering 
whether to prescribe regulations under the authority of section 
1275(d), and the other regulatory authority, with respect to the tax 
treatment of REMIC IOs for both initial purchasers and secondary market 
purchasers.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           08/25/04                    69 FR 52212
NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

Agency Contact: Kathleen Sleeth, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3920

RIN: 1545-BD18
_______________________________________________________________________

2656. ESCROW ACCOUNTS, TRUSTS, AND OTHER FUNDS USED DURING DEFERRED 
EXCHANGES OF LIKE-KIND PROPERTY

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

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

CFR Citation: 26 CFR 1; 26 CFR 602

Legal Deadline: None

[[Page 73686]]

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: Yes

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-113365-04
Drafting attorney: A. Katharine J. Kiss (202) 622-4930
Reviewing attorney: Jeffrey G. Mitchell (202) 622-4930
CC:ITA:B07

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

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

2657. SECTION 42 QUALIFIED CONTRACT PROVISIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 42

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

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

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

RIN: 1545-BD20
_______________________________________________________________________

2658. PAYMENTS FOR WHICH NO RETURN OF INFORMATION IS REQUIRED UNDER 
SECTION 6041

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

Legal Authority: 26 USC 6041

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

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

RIN: 1545-BD21
_______________________________________________________________________

2659. INTEREST ON LARGE CORPORATE UNDERPAYMENTS UNDER SECTION 6621 (C)

Priority: Info./Admin./Other

Legal Authority: 26 USC 6621

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: These proposed regulations will amend section 301.6621-3 of 
the Procedure and Administration Regulations to address the treatment 
of net operating loss carrybacks, capital loss carrybacks, and a credit 
carrybacks for purposes of determining whether a large corporate 
underpayment exists under section 6621(c). This regulation will also 
implement the changes made by the Taxpayer Relief Act of 1997.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-147151-03
Drafting attorney: Michelle B. Baxter (202) 622-4910
Reviewing attorney: Pamela W. Fuller (202) 622-4910
Treasury attorney: Julian Kim (202) 622-1981
CC:PA:APJ

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

RIN: 1545-BD22
_______________________________________________________________________

2660. GUIDANCE ON PHASED RETIREMENT

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: Not Yet Determined

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This proposed guidance will lay out rules for establishing a 
bona fide phased retirement program. Generally, such a program would 
provide employees who are at or near eligibility for retirement with 
the

[[Page 73687]]

opportunity for a reduced schedule and to receive a distribution of a 
proportionate share of their pension benefits based on their ``partial 
retirement.''

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-114726-04
Drafting attorney: Cathy A. Vohs (202) 622-6090
Reviewing attorney: Janet Laufer (202) 622-6090
Treasury attorney: Bill Bortz (202) 622-1352
CC:TEGE

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

RIN: 1545-BD23
_______________________________________________________________________

2661. DEFINITION OF DISQUALIFIED PERSON

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

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

Agency Contact: Brendan O'Hara, Attorney Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-7900

RIN: 1545-BD28
_______________________________________________________________________

2662. REQUIREMENTS FOR REORGANIZATIONS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805; 26 USC 368

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will provide guidance regarding 
reorganizations under section 368(a)(1)(f) of the Internal Revenue 
Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-106889-04
Drafting attorney: Robert B. Gray (202) 622-7550
Reviewing attorney: Debra L. Carlisle (202) 622-7550
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC:COR

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

RIN: 1545-BD31
_______________________________________________________________________

2663. UNDERPAYMENT FOR QUALIFIED AMENDED RETURNS

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

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations will revise the definition of ``qualified 
amended return'' in accordance with Notice 2004-38.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Federalism:  Undetermined

Additional Information: REG-122847-04
Drafting attorney: Nancy M. Galib (202) 622-7022
Reviewing attorney: Ashton P. Trice (202) 622-4940
Treasury attorneys: Julian Kim and Jonathan Ackerman (202) 622-1981
CC: APJ

Agency Contact: Nancy M. Galib, attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 
20024
Phone: 202 622-7022

RIN: 1545-BD40
_______________________________________________________________________

2664. APPLICATION OF SECTIONS 304(B)(6) AND 367 IN CROSS BORDER SECTION 
304 TRANSACTIONS

Priority: Substantive, Nonsignificant

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

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-127740-04
Drafting attorney: Tasheaya Warren Ellison (202) 622-3870

[[Page 73688]]

Reviewing attorney: Joseph Calianno (202) 622-3810
Treasury attorney: Carl Dubert (202) 622-0222
CC:INTL

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

RIN: 1545-BD46
_______________________________________________________________________

2665. <bullet<ls-thn-eq> SALARY REDUCTION AGREEMENT UNDER SECTION 
312(A)(5)(D) (TEMPORARY)

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805; 26 USC 6302

CFR Citation: 26 CFR 31

Legal Deadline: None

Abstract: The temporary regulation defines the term ``salary reduction 
agreement'' within the meaning of section 3121(a)(5)(D) as a plan or 
arrangement whereby payment will be made by an employer to an annuity 
described in section 403(b) if an employee elects to reduce his 
compensation or if an employee agrees as a condition of employment to 
make a mandatory contribution that reduces his compensation.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Governmental Jurisdictions, Organizations

Government Levels Affected: Local, State

Additional Information: REG-155608-02
Drafting attorney: Neil D. Shepherd (202) 622-6040
Reviewing attorney: Lynne Camillo (202) 622-6040
Treasury attorney: William Bortz (202) 622-1332
CC:TEGE

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

Related RIN: Related to 1545-BB64
RIN: 1545-BD50
_______________________________________________________________________

2666. <bullet<ls-thn-eq> HIPAA PORTABILITY: SPECIAL ENROLLMENT 
PROCEDURES, TOLLING, AND INTERACTION WITH FMLA

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 9833

CFR Citation: 26 CFR 54

Legal Deadline: None

Abstract: These regulations enhance the existing HIPAA portability 
regulations by tolling the running of certain time periods in certain 
circumstances, clarifying the procedures for requesting special 
enrollment, addressing how the HIPAA portability requirements apply to 
individuals taking leave under the Family and Medical Leave Act of 
1993, and prescribing how to count the number of employees an employer 
has.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-130370-04
Drafting attorney: Russell Weinheimer (202) 622-6080
Reviewing attorney: Alan Tawshunsky (202) 622-6000
Treasury attorney: Kevin Knopf (202) 622-2329
CC:TEGE

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

Related RIN: Related to 1545-AW02, Related to 1545-AX84
RIN: 1545-BD51
_______________________________________________________________________

2667. <bullet<ls-thn-eq> UPDATE OF 415 REGULATIONS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: These proposed regulations amend the regulations under 
section 415 of the Internal Revenue Code relating to limitations on 
benefits and contributions under qualified plans. Section 415 provides 
a complex series of limits on benefits under defined benefit plans and 
contributions and other additions under defined contribution plans. 
Comprehensive regulations regarding section 415 were last issued in 
1980. These regulations are being proposed to reflect statutory changes 
and guidance items and to clarify certain other issues.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Federalism:  Undetermined

Additional Information: REG-130241-04
Drafting attorney: Linda Marshall (202) 622-8012
CC: TEGE:QP1

Agency Contact: Linda Marshall, Senior Counsel, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-8012

RIN: 1545-BD52
_______________________________________________________________________

2668. <bullet<ls-thn-eq> GUIDANCE UNDER SECTION 1502; MISCELLANEOUS 
OPERATING RULES FOR SUCCESSOR PERSONS; APPLICABILITY OF SECTION 381

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805; 26 USC 1502

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will address certain issues related to 
complete liquidations when more than one group member owns stock of the 
liquidating company.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

[[Page 73689]]

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-131128-04
Drafting attorney: Jeffrey B. Fienberg (202) 622-7770
Reviewing attorney: Edward S. Cohen (202) 622-7770
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC: CORP:B2

Agency Contact: Jeffrey B. Fienberg, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-7770

RIN: 1545-BD54
_______________________________________________________________________

2669. <bullet<ls-thn-eq> AGGREGATE COMPUTATION; ALLOCATION OF RESEARCH 
CREDIT II

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 41

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Undetermined

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

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

RIN: 1545-BD60
_______________________________________________________________________

2670. <bullet<ls-thn-eq> CLASSIFICATION OF INDIAN TRIBAL CORPORATIONS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7701; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Federalism:  Undetermined

Additional Information: REG-136069-04
Drafting attorney: Barbara Campbell (202) 622-3050
Reviewing attorney: Dianna Miosi (202) 622-3050
CC:PSI

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

RIN: 1545-BD61
_______________________________________________________________________

2671. <bullet<ls-thn-eq> MANDATORY E-FILING FOR FORMS 1120

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6011(e)

CFR Citation: 26 CFR 1; 26 CFR 301

Legal Deadline: None

Abstract: These proposed regulations will provide that certain entities 
that file at least 250 information returns during the calendar year are 
required to file their income tax returns electronically.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: Yes

Small Entities Affected: Businesses, Organizations

Government Levels Affected: None

Additional Information: REG-130671-04
Drafting attorney: Michael E. Hara (202) 622-4910
Reviewing attorneys: James Gibbons (202) 622-4910 and Carol Nachman 
(202) 622-4910
CC:PA:APJP:1

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

RIN: 1545-BD65
_______________________________________________________________________

2672. <bullet<ls-thn-eq> REMIC RESIDUALS-FOREIGN HOLDERS (TEMPORARY)

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805; 26 USC 860G

CFR Citation: None

Legal Deadline: None

Abstract: The regulations address the recognition of income associated 
with a Real Estate Mortgage Investment Conduit (REMIC) residual 
interest that is allocated to a foreign person.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-159929-02
Drafting attorney: Arturo Estrada (202) 622-3900
Treasury attorney: Andrew Froberg (202) 622-1779
CC:FI

Agency Contact: Arturo Estrada, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3900

RIN: 1545-BD66
_______________________________________________________________________

2673. <bullet<ls-thn-eq> DECLARATORY JUDGMENT--GIFT TAX VALUE

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

[[Page 73690]]

Legal Authority: 26 USC 7477

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Federalism:  Undetermined

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

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

RIN: 1545-BD67
_______________________________________________________________________

2674. <bullet<ls-thn-eq> USE OF ELECTRONIC TECHNOLOGIES FOR PROVIDING 
NOTICES AND TRANSMITTING ELECTIONS AND CONSENTS

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

Unfunded Mandates: Undetermined

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

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

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-138362-04
Drafting attorney: Pamela R. Kinard (202) 622-6060
Reviewing attorney: Marjorie Hoffman (202) 622-6060
CC: TEGE

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

RIN: 1545-BD68
_______________________________________________________________________

2675. <bullet<ls-thn-eq> DISABLED ACCESS CREDIT

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 44; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Additional Information: REG-144246-04
Drafting attorney: Eric B. Lee (202) 622-3120
Reviewing attorney: Leslie H. Finlow (2020 622-3120
Treasury attorney: Sharon Kay (202) 622-0865
CC:PSI

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

RIN: 1545-BD69
_______________________________________________________________________

2676. <bullet<ls-thn-eq> SECTION 704(B)(2) AND SUBSTANTIALITY

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

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

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-144620-04
Drafting attorney: Heather L. Faught (202) 622-3060
Reviewing attorney: Beverly Katz (202) 622-3060
Treasury attorney: Deborah Harrington (202) 622-1788
CC:PSI

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

RIN: 1545-BD70
_______________________________________________________________________

2677. <bullet<ls-thn-eq> REGULATIONS UNDER SECTION 706 REGARDING TAXABLE 
YEAR OF A PARTNERSHIP

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 706

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/00/05

Regulatory Flexibility Analysis Required: No

[[Page 73691]]

Small Entities Affected: No

Government Levels Affected: None

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

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

RIN: 1545-BD71
_______________________________________________________________________

2678. <bullet<ls-thn-eq> SHAREHOLDER'S BASIS IN STOCK OF AN S 
CORPORATION

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805; 26 USC 1367

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected:  Businesses

Government Levels Affected: None

Additional Information: REG-144859-04
Drafting attorney: Stacey Short (202) 622-3070 and Christopher Trump 
(202) 622-3070
Reviewing attorney: Christine Ellison (202) 622-3070
CC:PSI

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

RIN: 1545-BD72
_______________________________________________________________________

2679. <bullet<ls-thn-eq> GUIDANCE UNDER SECTION 707(C) REGARDING 
GUARANTEED PAYMENTS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 707

CFR Citation: Not Yet Determined

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-144694-04
Drafting attorney: Jason T. Smyczek (202) 622-3050
Reviewing attorney: Dan Carmody (202) 622-3050
Treasury attorney: Deborah Harrington (202) 622-1788
CC:PSI

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

RIN: 1545-BD74
_______________________________________________________________________

2680. <bullet<ls-thn-eq> GUIDANCE UNDER SECTION 368 REGARDING MERGERS 
WITH AND INTO A FOREIGN CORPORATION

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 368

Legal Deadline: None

Abstract: This regulation addresses whether a transaction involving one 
or more foreign corporations may qualify as a statutory merger within 
the meaning of section 368(a)(l)(A) of the Internal Revenue Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-117969-00
Drafting attorney: Vincent Daly (202) 622-7770
Reviewing attorney: Marlene Oppenheim (202) 622-7770
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC: COR

Agency Contact: Vincent Daly, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-7770

RIN: 1545-BD76
_______________________________________________________________________

2681. <bullet<ls-thn-eq> CLASSIFICATION OF CERTAIN FOREIGN ENTITIES

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805; 26 USC 7701

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations will revise the entity classification 
rules.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-148521-04
Drafting attorney: Ronald M. Gootzeit (202) 622-3860
Reviewing attorney: Charles M. Besecky (202) 622-3860
Treasury attorney: Carl Dubert (202) 622-0222
CC:INTL

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

Related RIN: Related to 1545-BD78
RIN: 1545-BD77

[[Page 73692]]

_______________________________________________________________________

2682. <bullet<ls-thn-eq> CLASSIFICATION OF CERTAIN FOREIGN ENTITIES 
(TEMPORARY)

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

Legal Authority: 26 USC 7805; 26 USC 7701

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations will revise the entity classification 
rules.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation            12/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-148521-04
Drafting attorney: Ronald M. Gootzeit (202) 622-3860
Reviewing attorney: Charles M. Besecky (202) 622-3860
Treasury attorney: Carl Dubert (202) 622-0222
CC:INTL

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

Related RIN: Related to 1545-BD77
RIN: 1545-BD78
_______________________________________________________________________

2683. <bullet<ls-thn-eq> POSSIBLE UPDATE AND REVISION OF TREASURY 
REGULATION SECTIONS 1.381(C)(4) AND (5)-1

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

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

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-151884-03 and REG-151887-03
Drafting attorney: Jeffery G. Mitchell (202) 622-4930
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-BD81
_______________________________________________________________________

2684. <bullet<ls-thn-eq> AMENDMENTS TO 26 CFR SECTION 1.263(A)-5 
REGARDING TREATMENT OF CAPITALIZED COSTS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 263(a)

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-143640-04
Drafting attorney: Angella L. Warren (202) 622-4950
CC:ITA

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

RIN: 1545-BD82
_______________________________________________________________________

2685. <bullet<ls-thn-eq> GUIDANCE REGARDING SELECTED ISSUES UNDER 
SECTION 336(E)

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

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 336; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Proposed regulations will address the circumstances in which 
a corporation that owns stock in another corporation meeting the 
requirements of section 1504(a)(2) and that sells, exchanges, or 
distributes all of such stock, can make an election under section 
336(e) to treat such sale, exchange, or distribution as a disposition 
of all the assets of such other corporation and recognize no gain or 
loss on the sale, exchange, or distribution of such stock.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

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

RIN: 1545-BD84

[[Page 73693]]

_______________________________________________________________________

2686. <bullet<ls-thn-eq> GUIDANCE UNDER SECTION 79

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

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 79

CFR Citation: 26 CFR 79

Legal Deadline: None

Abstract: Guidance under 26 U.S.C. section 79, group term life 
insurance.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/00/05

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Federalism:  Undetermined

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-BD85
_______________________________________________________________________

2687. <bullet<ls-thn-eq> DEFINITION OF THE ``DUE DATE'' FOR PURPOSES OF 
CALCULATING OVERPAYMENT INTEREST UNDER SECTION 301.6611(H)

Priority: Info./Admin./Other

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 6611

CFR Citation: 26 CFR 301

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-148576-04
Drafting attorney: Tatiana Belenkaya (202) 622-4910
Reviewing attorney: Pamela W. Fuller (202) 622-4910
CC:APJP:B01

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

RIN: 1545-BD86
_______________________________________________________________________
Department of the Treasury (TREAS)                     Final Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________

2688. 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                    06/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-209042-86 (INTL-610-86)
Drafting attorney: 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
_______________________________________________________________________

2689. NONRECOGNITION OF CORPORATE DISTRIBUTIONS AND REORGANIZATIONS 
UNDER THE FOREIGN INVESTMENT IN REAL PROPERTY TAX ACT

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 897

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations will provide rules concerning the effect of 
certain distributions including dividends, redemptions, distributions 
pursuant to reorganizations, and liquidations on corporations and their 
shareholders under the Foreign Investment in Real Property Tax Act. 
Regulations will also provide rules for determining the extent to which 
nonrecognition would apply to certain transfers of real property 
interests and the extent to which certain reorganizations will be 
treated as sales of property at fair market value.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/05/88                    53 FR 16233
Hearing                         03/01/89                     54 FR 1189
Final Action                    12/00/04

[[Page 73694]]

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-209039-87 (INTL-491-87)
Drafting attorney: Robert W. Lorence (202) 622-3860
Reviewing attorney: Charles P. Besecky (202) 622-3860
CC:INTL

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

RIN: 1545-AK79
_______________________________________________________________________

2690. 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                    12/00/04

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
_______________________________________________________________________

2691. 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                    12/00/04

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
_______________________________________________________________________

2692. 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                    12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Local, State

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: 202 622-6060

RIN: 1545-AQ74
_______________________________________________________________________

2693. ESCROW FUNDS AND OTHER SIMILAR FUNDS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 0468B

[[Page 73695]]

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                    12/00/04

Regulatory Flexibility Analysis Required: Yes

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-209619-93 (IA-17-93)
Drafting attorney: Richard Shevak (202) 622-8142
Reviewing attorney: Jeffery G. Mitchell (202) 622-7034
CC:ITA:7

Agency Contact: Richard Shevak, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-8142

Related RIN: Related to 1545-BD19
RIN: 1545-AR82
_______________________________________________________________________

2694. 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                    12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-209724-94 (FI-42-94)
Drafting attorney: Stephen J. Coleman (202) 622-6289
Reviewing attorney: Elizabeth Handler (202) 622-3157
CC:FIP
Sections 1.475(a)-3 finalized in TD 8700. Sections 1.475(b)-4 finalized 
in TD 8700. Sections 1.475(c)-2 finalized in TD 8700.

Agency Contact: Stephen J. Coleman, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-6289

RIN: 1545-AS85
_______________________________________________________________________

2695. STRADDLES---MISCELLANEOUS ISSUES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 1092

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation clarifies the circumstances in which common 
stock may be personal property for purposes of section 1092.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/02/95                    60 FR 21482
Final Action                    12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-209768-95 (FI-21-95)
Drafting attorney: Mary Brewer (202) 622-3950
Reviewing attorney: Christina Morrison (202) 622-3950
Treasury attorney: Mike Novey (202) 622-1339
CC:FI

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

RIN: 1545-AT46
_______________________________________________________________________

2696. DEFINITION OF PRIVATE ACTIVITY BOND--REFUNDING REGULATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations will provide guidance on the application of 
the private loan test and the private business use and private 
payments/security tests to refunding bonds.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/30/94                    59 FR 67658
NPRM Comment Period End         05/01/95
Second NPRM                     05/14/03                    68 FR 25845
Final Action                    12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-113007-99
Drafting attorney: Laura Lederman (202) 622-3980
Treasury attorney: Stephen Watson (202) 622-1322
CC:TEGE

Agency Contact: Laura Lederman, attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 
20024
Phone: 202 622-3980

RIN: 1545-AU98
_______________________________________________________________________

2697. RETURN OF LEVIED PROPERTY IN CERTAIN CASES

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

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

[[Page 73696]]

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                    12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-101520-97
Drafting attorney: Kevin B. Connelly (202) 622-3630
Reviewing attorney: Robert Miller (202) 622-3630
Treasury attorney: Julian Kim (202) 622-1981
CC:PA:CBS

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

RIN: 1545-AV01
_______________________________________________________________________

2698. 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                    12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

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

RIN: 1545-AV27
_______________________________________________________________________

2699. 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                    12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-104924-98
Drafting attorney: Stephen J. Coleman (202) 622-6289
Reviewing attorney: Elizabeth Handler (202) 622-6289
CC:FI

Agency Contact: Stephen J. Coleman, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-6289

RIN: 1545-AW06
_______________________________________________________________________

2700. 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                    12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-105964-98
Drafting attorney: Frances Kelly (202) 622-7072
Reviewing attorney: Michael J. Wilder (202) 622-3393
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC:COR

Agency Contact: Frances L. Kelly, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-7770

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

2701. CAPITAL GAIN GUIDANCE RELATING TO CRTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 1; 26 USC 664

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulation provides guidance relating to charitable 
remainder trusts in light of the changes made to section 1(h) of the 
Internal Revenue Code by the Taxpayer Relief Act of 1997, the Internal 
Revenue Service Restructuring and Reform Act of 1998, and the Jobs and 
Growth Tax Relief Reconciliation Act of 2003.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/20/03                    68 FR 65419
Final Action                    12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

[[Page 73697]]

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

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

RIN: 1545-AW35
_______________________________________________________________________

2702. REPORTING OF PAYMENTS TO ATTORNEY

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 6045

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulation provides information reporting requirements 
for payments of gross proceeds made in the course of a trade or 
business to attorneys in connection with legal services.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/21/99                    64 FR 27730
Second NPRM                     05/17/02                    67 FR 35064
Final Action                    12/00/04

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: Eric San Juan (202) 622-0224
CC:PA:APJ

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

RIN: 1545-AW72
_______________________________________________________________________

2703. HIGHWAY VEHICLE--DEFINITION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 4051

CFR Citation: 26 CFR 48

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/06/02                    67 FR 38913
Public Hearing                  02/27/03
Final Action                    06/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-103829-99
Drafting attorney: Theodore N. Margopulos (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: Theodore N. Margopulos, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3130

RIN: 1545-AX10
_______________________________________________________________________

2704. 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                    06/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-103823-99
Drafting attorney: Bernard P. Harvey, III (202) 622-3110
Reviewing attorney: Charles B. Ramsey (202) 622-3110
Treasury attorney: George Manousos (202) 622-0865
CC:PSI

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

RIN: 1545-AX12
_______________________________________________________________________

2705. CASH OR DEFERRED ARRANGEMENTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/17/03                    68 FR 42476
Final Action                    12/00/04

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) 622-6060
Reviewing attorney: Marjorie Hoffman (202) 622-6000
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: 202 622-6060

Related RIN: Related to 1545-AX43
RIN: 1545-AX26

[[Page 73698]]

_______________________________________________________________________

2706. 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                    12/00/04

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
_______________________________________________________________________

2707. 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                    12/00/04

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
_______________________________________________________________________

2708. 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                    12/00/04

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
_______________________________________________________________________

2709. CAPITALIZATION OF INTEREST AND CARRYING CHARGES PROPERLY ALLOCABLE 
TO STRADDLES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 263; 26 USC 1092

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations will clarify the types of payments that may 
be ``interest'' or ``carrying charges'' subject to 26 U.S.C. 263(g), 
clarify the operation of the capitalization rules of 26 U.S.C. 263(g), 
and also clarify what constitutes ``positions'' and ``losses'' subject 
to 26 U.S.C. 1092.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/18/01                     66 FR 4746
NPRM Comment Period End         05/01/01
Final Action                    12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-105801-00
Drafting attorney: Mary Brewer (202) 622-3950
Reviewing attorney: Christina Morrison (202) 622-3950
Treasury attorney: Mike Novey (202) 622-1339
CC:FI

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

RIN: 1545-AX92
_______________________________________________________________________

2710. ASSUMPTION OF PARTNERSHIP LIABILITIES

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 752

CFR Citation: 26 CFR 1

[[Page 73699]]

Legal Deadline: None

Abstract: This regulation prevents the acceleration or duplication of 
losses through the assumption of liabilities in transactions involving 
partnerships.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/24/03                    68 FR 37434
Final Action                    12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Federalism:  Undetermined

Additional Information: REG-106736-00
Drafting attorney: Laura Nash (202) 622-3050
Reviewing attorney: Dianna Miosi (202) 622-3050
Treasury attorney: Deborah Harrington (202) 622-1788
CC:PSI

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

Related RIN: Related to 1545-BB83
RIN: 1545-AX93
_______________________________________________________________________

2711. AUTHORIZED PLACEMENT AGENCY

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 152

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation amends the definition of ``authorized 
placement agency'' (for purposes of determining whether a child placed 
for legal adoption in a taxpayer's home is a dependent of the taxpayer) 
to include biological parents and other persons authorized by State law 
to place children for legal adoption.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/30/00                    65 FR 71277
Final Action                    12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-107279-00
Drafting attorney: Victoria J. Driscoll (202) 622-4920
Reviewing attorney: Robert A. Berkovsky (202) 622-4920
CC:PA: ITA

Agency Contact: Victoria J. Driscoll, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4920
Fax: 2026226853

RIN: 1545-AY18
_______________________________________________________________________

2712. 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                    06/00/05

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
_______________________________________________________________________

2713. 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                    06/00/05

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
_______________________________________________________________________

2714. 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.

[[Page 73700]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/08/01                     66 FR 1421
Final Action                    06/00/05

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
_______________________________________________________________________

2715. 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                    12/00/04

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:APJ

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

RIN: 1545-AY35
_______________________________________________________________________

2716. ALLOCATION OF INCOME AND DEDUCTIONS FROM INTANGIBLES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 482

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These final regulations will address certain transactions 
between controlled parties that involve intangibles. The regulations 
will provide rules for allocation of income and deductions with respect 
to intangibles pursuant to IRC 5482.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/10/03                    68 FR 53448
Final Action                    06/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Federalism:  Undetermined

Additional Information: REG-115037-00
Drafting attorneys: Thomas A. Vidano (202) 435-5265; Helen Hong-George 
(202) 435-5220
Reviewing attorney: John M. Breen (202) 435-5265
Treasury attorney: David Ernick (202) 622-1754
CC:INTL

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

RIN: 1545-AY38
_______________________________________________________________________

2717. GUIDANCE UNDER SECTION 355(E); 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 or more 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                    12/00/04

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:4
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 withdrew 
the notice of proposed rulemaking that was published on January 2, 
2001, and provided 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.
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

[[Page 73701]]

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

Related RIN: Related to 1545-BA55
RIN: 1545-AY42
_______________________________________________________________________

2718. ELECTION--ASSET ACQUISITIONS OF INSURANCE COMPANIES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 197; 26 USC 338; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations prescribe the manner in which the various 
provisions of subchapter L, chapter 1, subtitle A of the Internal 
Revenue Code apply to asset acquisitions deemed to occur by reason of a 
section 338 election as well as to actual acquisitions of insurance 
company assets subject to section 1060.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/08/02                    67 FR 10640
Public Hearing                  09/18/02
Final Action                    12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-118861-00
Drafting attorney: Mark Weiss (202) 622-7790
Reviewing attorney: Victor Penico (202) 622-7750
Treasury attorney: Audrey Nacamuli (202) 622-0869
CC:COR

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

RIN: 1545-AY49
_______________________________________________________________________

2719. 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                    12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Federal

Additional Information: REG-209461-79
Drafting attorney: Shoshanna Tanner (202) 622-6080
Reviewing attorney: Janet A. Laufer (202) 622-6090
CC:TEGE

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

RIN: 1545-AY67
_______________________________________________________________________

2720. 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                            03/04/03                    68 FR 10190
Final Action                    12/00/04

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
_______________________________________________________________________

2721. NEW MARKET TAX CREDIT

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 45D; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations relate to the new markets tax credit under 
section 45D, which was enacted by section 121(a) of the Community 
Renewal Tax Relief Act of 2000 (Pub. L. 106-554).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           05/01/01                    66 FR 21844
NPRM                            12/26/01                    66 FR 66376
Public Hearing                  03/14/02
Final Action                    12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Additional Information: REG-119436-01
Drafting attorney: Paul F. Handleman (202) 622-3040
Reviewing attorney: Susan Reaman (202) 622-3040
Treasury attorney: Steve Watson (202) 622-1322
CC:PSI

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

RIN: 1545-AY87

[[Page 73702]]

_______________________________________________________________________

2722. REDUCTIONS OF ACCRUALS AND ALLOCATIONS BECAUSE OF INCREASED AGE

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 411

CFR Citation: 26 CFR 1

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

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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

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 Marshall, Senior Counsel, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-8012

Related RIN: Related to 1545-BB79
RIN: 1545-BA10
_______________________________________________________________________

2723. 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                            08/19/03                    68 FR 49729
Final Action                    12/00/04

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
_______________________________________________________________________

2724. AMENDMENT TO THE DEFINITION OF REFUNDING

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will amend the definition of a refunding 
issue applicable to tax-exempt bonds issued by State and local 
governments.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/10/02                    67 FR 17310
Final Action                    06/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Local, State

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

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

RIN: 1545-BA46
_______________________________________________________________________

2725. LOSS LIMITATION RULES

Priority: Substantive, Nonsignificant

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

CFR Citation: 26 CFR 1; 26 CFR 602

Legal Deadline: None

Abstract: The regulation provides guidance on the treatment of certain 
losses recognized on sales of subsidiary stock by members of a 
consolidated group under section 337(d) and section 1502 of the 
Internal Revenue Code. For related matters, see the proposed 
regulations published on March 12, 2002, at 67 FR 11070 regarding REG-
102740-02.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/31/02                    67 FR 38040
Final Action                    05/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-123305-02 and REG-102740-02
Drafting attorney: Lola L. Johnson (202) 622-7550
Reviewing attorney: Sean P. Duffley (202) 622-7530
CC:COR

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
_______________________________________________________________________

2726. 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

[[Page 73703]]

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                            04/01/04                    69 FR 17117
Final Action                    12/00/04

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
_______________________________________________________________________

2727. 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                            12/30/03                    68 FR 75186
Final Action                    12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

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
_______________________________________________________________________

2728. 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                    12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-122564-02
Drafting attorney: Theresa Kolish (202) 622-7530
Reviewing attorney: Lewis Brickates (202) 622-7530
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC:COR

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

Related RIN: Related to 1545-BA76
RIN: 1545-BA73
_______________________________________________________________________

2729. REDEMPTIONS TREATED AS DIVIDENDS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation under section 302 of the Internal Revenue 
Code (Code), permits basis of redeemed stock to be recovered by the 
redeemed shareholder. Regulations under section 304 of the Code reflect 
changes made by the Internal Revenue Service Restructuring and Reform 
Act of 1998, Taxpayer Relief Act of 1997, Tax Reform Act of 1986, 
Deficit Reduction Act of 1984, and the Tax Equity and Fiscal 
Responsibility Act of 1982 to the statute. Regulations under section 
304 also reference proposed regulations under section 302 as they 
relate to the treatment of basis of redeemed stock in redemptions 
treated as dividends.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/18/02                    67 FR 64331
Final Action                    12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-150313-01
Drafting attorney: Aimee K. Meacham (202) 622-7530
Reviewing attorney: Lewis K. Brickates (202) 622-7530
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC:COR

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-BA80
_______________________________________________________________________

2730. REPORTING REQUIREMENTS FOR WIDELY HELD FIXED INVESTMENT TRUSTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

[[Page 73704]]

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                    12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-106871-00
Drafting attorney: Faith Colson (202) 622-3060
Reviewing attorney: J. Thomas Hines (202) 622-3060
Treasury attorney: Viva Hammer (202) 622-0869
CC:PSI

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

Related RIN: Related to 1545-AU15
RIN: 1545-BA83
_______________________________________________________________________

2731. 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                    12/00/04

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: Andrew Froberg (202) 622-1779
CC:INTL

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

RIN: 1545-BA86
_______________________________________________________________________

2732. AGGREGATE COMPUTATION AND ALLOCATION OF RESEARCH CREDIT

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 41

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will provide guidance on the proper method of 
computing the research credit for a controlled group. In addition, this 
regulation will provide guidance on the allocation of the research 
credit among members of a controlled group.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/29/03                    68 FR 44499
Final Action                    12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-133791-01
Drafting attorney: Nicole R. Cimino (202) 622-3120
Reviewing attorney: Brenda M. Stewart (202) 622-3120
Treasury attorney: Sharon Kay (202) 622-0865
CC:PSI

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

Related RIN: Related to 1545-AX05, Related to 1545-BD60
RIN: 1545-BA88
_______________________________________________________________________

2733. DESIGNATED IRS OFFICER OR EMPLOYEE

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7802

CFR Citation: 26 CFR 1; 26 CFR 301

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                    12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-134026-02
Drafting attorney: Elizabeth D. Rawlins (202) 622-3600
Reviewing attorney: Robert A. Miller (202) 622-3600
Treasury attorney: Julian Kim (202) 622-1981
CC:PA:CBS

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

Related RIN: Related to 1545-BA98
RIN: 1545-BA89
_______________________________________________________________________

2734. ALLOCATION OF FOREIGN TAX CREDITS AMONG PARTNERS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 704(6); 26 USC 703(b)(3); 26 USC 702(a)(b)

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/21/04                    69 FR 21454
Final Action                    03/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

[[Page 73705]]

Government Levels Affected: None

Additional Information: REG-139792-02
Drafting attorney: Heather Faught (202) 622-3060
Reviewing attorney: Beverly M. Katz (202) 622-3060
Treasury attorney: Deborah Harrington (202) 622-1788
CC:PSI

Agency Contact: Heather L. Faught, 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-BD11
RIN: 1545-BB11
_______________________________________________________________________

2735. 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                            12/24/03                    68 FR 74534
Public Hearing                  04/19/04                    69 FR 20840
Final Action                    12/00/04

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
_______________________________________________________________________

2736. TESTIMONY AUTHORIZATIONS AND REQUESTS FOR IRS INFORMATION

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

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 301

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: This regulation will amend existing regulations on testimony 
authorizations and requests for IRS information.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/09/03                    68 FR 40850
Final Action                    12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-140930-02
Drafting attorney: Scott E. Powers (202) 622-4580
Reviewing attorney: David L. Fish (202) 622-4590
CC:PA:DPL

Agency Contact: Scott E. Powers, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 
20024
Phone: 202 622-4580

RIN: 1545-BB15
_______________________________________________________________________

2737. TOLL TELEPHONE SERVICE--DEFINITION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 49

Legal Deadline: None

Abstract: This regulation provides amendments to regulations relating 
to the definition of toll telephone service.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/01/03                    68 FR 15690
Hearing                         09/10/03                    68 FR 35828
Final Action                    12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Additional Information: REG-141097-02
Drafting attorney: Cynthia A. McGreevy (202) 622-3130
Reviewing attorneys: Frank Boland (202) 622-3130 and Phillip Howard 
(202) 622-3000
Treasury attorney: John Parcell (202) 622-2578
CC:PSI

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

RIN: 1545-BB18
_______________________________________________________________________

2738. AUTHORIZATION FOR IRS TO CHARGE FEES FOR COPYING EXEMPT 
ORGANIZATION RETURNS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6104

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: The regulation provides authorization for Internal Revenue 
Service to charge fees for copying exempt organization returns.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/09/03                    68 FR 40849
Final Action                    12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-142538-02
Drafting attorney: Sarah Tate (202) 622-4590
Reviewing attorney: Philip Lindenmuth (202) 622-4560
Treasury attorney: Eric San Juan (202) 622-0224
CC:PA:DPL

Agency Contact: Sarah Tate, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4590

Related RIN: Related to 1545-BB22
RIN: 1545-BB21

[[Page 73706]]

_______________________________________________________________________

2739. DUPLICATIVE TAX BENEFITS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 1502

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 a 
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 losses 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                            03/14/03                    68 FR 12324
Final Action                    12/00/04

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 P. Duffley (202) 622-7530
CC:COR

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

Related RIN: Related to 1545-BB95
RIN: 1545-BB25
_______________________________________________________________________

2740. 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                            06/11/03                    68 FR 34875
Final Action                    12/00/04

Regulatory Flexibility Analysis Required: Undetermined

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:APJ

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
_______________________________________________________________________

2741. TREATMENT OF SERVICES UNDER SECTION 482

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 482

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These final regulations amend the rules for allocation of 
income and deductions with respect to serices between members of a 
group of controlled entities, pursuant to section 482.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/10/03                    68 FR 53448
Final Action                    06/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-146893-02
Drafting attorneys: Thomas A. Vidano (202) 435-5265 and Helen Hong-
George (202) 435-5220
Reviewing attorneys: John M. Breen (202) 435-5265
Treasury attorney: David Ernick (202) 622-1754
CC:INTL

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

RIN: 1545-BB31
_______________________________________________________________________

2742. INVESTMENT ADJUSTMENT RULES AND WAIVER OF LOSS CARRYOVERS FROM 
SRLY YEARS--AMENDED

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 1502

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will allow a group to revoke an election 
under regulations section 1.1502-32(b)(4), where such election has 
become unnecessary as a result of regulations section 1.1502-20T(i)(2).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/07/03                    68 FR 24404
Final Action                    06/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-152524-02
Drafting attorney: Jeffrey B. Fienberg (202) 622-7700
Reviewing attorney: Alison G. Burns (202) 622-7550
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC:COR

Agency Contact: Jeffrey B. Fienberg, 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-BB39
RIN: 1545-BB38

[[Page 73707]]

_______________________________________________________________________

2743. LIMITATION ON USE OF NONACCRUAL EXPERIENCE METHOD OF ACCOUNTING

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 403

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Under section 448(d)(5), as amended by the Job Creation and 
Worker Assistance Act of 2002, the nonaccrual experience method of 
accounting is available only for amounts to be received for the 
performance of qualified services (i.e., services in the fields of 
health, law, engineering, architecture, accounting, actuarial science, 
performing arts, or consulting) or for services provided by certain 
small businesses (i.e., those with gross receipts of $5 million or 
less). The law provides that such taxpayers are not required to accrue, 
based on their experience, any portion of year-end receivables that 
will not be collected. Under the proposed regulations, taxpayers will 
be permitted to determine such amounts using alternative computations 
or formulas which, based on experience, accurately reflect the amount 
of income that will not be collected by such taxpayer. The proposed 
regulations will provide safe harbor methods (computations or formulas) 
of estimating such amounts that the taxpayers can rely on.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/21/03                    68 FR 65645
Final Action                    12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-141402-02
Drafting attorney: Terrance McWhorter (202) 622-4970
Reviewing attorney: Tom A. Luxner (202) 622-4970
CC:ITA
We issued interim guidance in the form of a Notice 2003-12, 2003-6 
published in the IRB 422 on January 22, 2003, with a request for 
comments.

Agency Contact: Terrance McWhorter, General Tax Attorney, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4970

RIN: 1545-BB43
_______________________________________________________________________

2744. 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                            07/13/04                    69 FR 42000
Final Action                    06/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-153841-02
Drafting attorney: Mayer Samuels (202) 622-7265
Reviewing attorney: George Masnik (202) 622-3618
Treasury attorney: Catherine Hughes (202) 622-9407
CC:PSI

Agency Contact: Mayer Samuels, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 
20024
Phone: 202 622-7265

RIN: 1545-BB54
_______________________________________________________________________

2745. SPECIAL DEPRECIATION ALLOWANCE

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation provides guidance under sections 168 and 
1400L(b) regarding special deprecations allowance.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/08/03                    68 FR 53008
Final Action                    02/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-157164-02
Drafting attorney: Douglas Kim (202) 622-3110
Reviewing attorney: Kathleen Reed (202) 622-3110
Treasury attorney: George 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

Related RIN: Related to 1545-BC19
RIN: 1545-BB57
_______________________________________________________________________

2746. 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                    12/00/04

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:APJ

Agency Contact: Nancy L. Rose, Attorney-Advisor, Department of the

[[Page 73708]]

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4910

Related RIN: Related to 1545-BB40
RIN: 1545-BB60
_______________________________________________________________________

2747. USE OF GOVERNMENT DEPOSITARIES IN CONNECTION WITH TAX UNDER THE 
FEDERAL UNEMPLOYMENT TAX ACT

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 6302

CFR Citation: 26 CFR 31

Legal Deadline: None

Abstract: The regulations will raise the amount of accumulated Federal 
Unemployment Tax Act for taxes that a taxpayer may accumulate before 
being required to deposit.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/17/03                    68 FR 42329
Final Action                    12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Federalism:  Undetermined

Additional Information: REG-144908-02
Drafting attorney: Heather L. Dostaler (202) 622-8445
Reviewing attorney: Brinton T. Warren (202) 622-7134
Treasury attorney: John Parcell (202) 622-2578
CC:PA:APJ

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

Related RIN: Related to 1545-BB67
RIN: 1545-BB66
_______________________________________________________________________

2748. 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: The temporary regulations will raise the amount of 
accumulated Federal Unemployment Tax Act for taxes that a taxpayer may 
accumulate before required to deposit.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulations           12/00/04

Regulatory Flexibility Analysis Required: Undetermined

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:APJ

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

Related RIN: Related to 1545-BB66
RIN: 1545-BB67
_______________________________________________________________________

2749. 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                            07/26/04                    69 FR 44476
Final Action                    12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-163679-02
Drafting attorney: Juli Ro Kim (202) 622-3090
Reviewing attorney: George Masnik (202) 622-3090
Treasury attorney: Catherine Hughes (202) 622-9407
CC:PSI

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

RIN: 1545-BB72
_______________________________________________________________________

2750. 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                            08/10/04                    69 FR 48432
Final Action                    03/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

Agency Contact: Taylor Cortright, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 
20024

[[Page 73709]]

Phone: 202 622-3130

Related RIN: Related to 1545-BB76
RIN: 1545-BB75
_______________________________________________________________________

2751. GUIDANCE ON LIFE INSURANCE AND ANNUITY CONTRACTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 817

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulation modifies the existing section under 26 U.S.C. 
817(h) relating to guidance on life insurance and annuity contracts.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/30/03                    68 FR 44689
Final Action                    12/00/04

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:FI

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
_______________________________________________________________________

2752. 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 761213
Hearing                         04/09/03
Final Action                    12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses, Organizations

Government Levels Affected: None

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

Agency Contact: Linda Marshall, Senior Counsel, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-8012

Related RIN: Related to 1545-BA10
RIN: 1545-BB79
_______________________________________________________________________

2753. NOTIONAL PRINCIPAL CONTRACTS; CONTINGENT NONPERIODIC PAYMENTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 446

CFR Citation: 26 CFR 1; 26 CFR 602

Legal Deadline: None

Abstract: These regulations relate to the character and the inclusion 
into income and deduction of contingent nonperiodic payments made 
pursuant to a notional principal contract.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/26/04                     69 FR 8886
NPRM Comment Period End         05/04/04
Final Action                    06/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-166012-02
Drafting attorney: Kathleen Sleeth (202) 622-3920
Reviewing attorney: Elizabeth Handler (202) 622-3920
Treasury attorney: Viva Hammer (202) 622-0869
CC:FI

Agency Contact: Kathleen Sleeth, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3920

RIN: 1545-BB82
_______________________________________________________________________

2754. NEW MARKETS TAX CREDIT AMENDMENTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 45D; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/11/04                    69 FR 11561
Public Hearing                  06/02/04
Final Action                    12/00/04

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

Related RIN: Related to 1545-BC02
RIN: 1545-BC03

[[Page 73710]]

_______________________________________________________________________

2755. TAX EXEMPT BOND PARTNERSHIP REPORTING REGULATION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6031; 26 USC 7805; 26 USC 706

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will provide the Internal Revenue Service 
with authority to issue guidance concerning the reporting requirements 
for tax exempt bond partnerships.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/10/03                    68 FR 63743
Final Action                    12/00/04

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-BC01
RIN: 1545-BC04
_______________________________________________________________________

2756. DETERMINATION OF BASIS OF OR SECURITIES RECEIVED IN EXCHANGE OR 
WITH RESPECT TO, A STOCK OR SECURITIES IN CERTAIN TRANSACTIONS

Priority: Routine and Frequent

Legal Authority: 26 USC 358; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Amendment to section 1.358-2 of the income tax regulation. 
The proposed regulation adopts a tracing approach in determining the 
basis of stock and securites received in transactions under section 
355, section 368, and certain transactions that qualify under both 
section 351 and section 368.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-116564-03
Drafting attorney: Theresa M. Kolish (202) 622-7530 or Emidio J. 
Forlini, Jr. (202) 622-7930
Reviewing attorney: Reginald Mombrun (202) 622-7277
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC:COR

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

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

RIN: 1545-BC05
_______________________________________________________________________

2757. ENTRY OF TAXABLE FUEL

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations will provide rules for payment of tax when 
taxable fuel is entered by an unregistered person.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    03/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-120616-03
Drafting attorney: Celia Gabrysh (202) 622-3130
Reviewing attorneys: Frank Boland (202) 622-3130 and Phillip Howard 
(202) 622-3000
Treasury attorney: John Parcell (202) 622-2578
CC:PSI

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

RIN: 1545-BC08
_______________________________________________________________________

2758. NOTARIZATION REQUIREMENT FOR STATEMENTS OF PURCHASE

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 1042(a)(1); 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations would modify the requirement that statements 
of purchase of qualified replacement property be notarized within 30 
days of purchase.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/10/03                    68 FR 41087
Comment Period End              10/08/03
Final Action                    12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-121122-03
Drafting attorney: John T. Ricotta (202) 622-6060
Reviewing attorney: Robert Patchell (202) 622-6060
CC:TEGE

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

RIN: 1545-BC11
_______________________________________________________________________

2759. TIMING AND MODIFICATION OF THE SECTION 59(E) ELECTION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 59

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulation will provide guidance on making a section 
59(e) election.

[[Page 73711]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/21/04                    69 FR 43367
Final Action                    12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-124405-03
Drafting attorney: Eric B. Lee (202) 622-3120
Reviewing attorney: Joe Makurath (202) 622-3120
Treasury attorney: George Manousos (202) 622-1788
CC:PSI

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

RIN: 1545-BC13
_______________________________________________________________________

2760. GUIDANCE NECESSARY TO FACILITATE BUSINESS ELECTRONIC FILING

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1; 26 CFR 602

Legal Deadline: None

Abstract: The regulatory amendments are designed to facilitate 
electronic filing of certain income tax returns and other forms.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/19/03                    68 FR 70747
Final Action                    12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Federal

Additional Information: REG-116664-01
Drafting attorney: Nathan B. Rosen (202) 622-4910
Reviewing attorney: Pamela Fuller (202) 622-4910
Treasury attorney: John Parcell (202) 622-2578
CC:PA:APJ

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

RIN: 1545-BC15
_______________________________________________________________________

2761. CONTINGENT AT CLOSING ESCROWS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 468

CFR Citation: 26 CFR 1; 26 CFR 602

Legal Deadline: None

Abstract: The regulations will provide rules for taxing the income of a 
contingent at closing escrow. A contingent at closing escrow is, 
generally, established in connection with the sale or exchange of real 
or personal property to hold assets that will be distributable to the 
purchaser or seller based on the post-closing resolution of bona fide 
contingencies. The rules will require the purchaser or seller to take 
into account all items of income and deduction for Federal income tax 
purposes.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/01/99                     64 FR 4801
Final Action                    12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-103422-03
Drafting attorney: Richard Shevak (202) 622-8142
Reviewing attorney: Jeff Mitchell (202) 622-7934
Treasury attorney: Deborah Harrington (202) 622-1788
CC:ITA:7

Agency Contact: Richard Shevak, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-8142

Related RIN: Related to 1545-AR82
RIN: 1545-BC16
_______________________________________________________________________

2762. CHANGES IN COMPUTING DEPRECIATION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation provides guidance under section 446(e) 
regarding changes in computing depreciation or amortization.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/02/04                       69 FR 42
Final Action                    12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Additional Information: REG-126459-03
Drafting attorney: Sara L. Logan (202) 622-3110
Reviewing attorney: Kathleen Reed (202) 622-3110
Treasury attorney: George Manousos (202) 622-1335
CC:PSI

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

Related RIN: Related to 1545-BC17
RIN: 1545-BC18
_______________________________________________________________________

2763. VALUE OF LIFE INSURANCE WHEN DISTRIBUTED FROM A QUALIFIED 
RETIREMENT PLAN

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 1

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These proposed regulations under section 402(a) of the 
Internal Revenue Code concern the amount includible in a distributee's 
income when certain life insurance and annuity contracts are 
distributed by a qualified retirement plan.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

[[Page 73712]]

Additional Information: REG-126967-03
Drafting attorney: Pamela Kinard (202) 622-6060
Reviewing attorney: Linda Marshall (202) 622-6090
Treasury attorney: Harlan Weller (202) 622-1001
CC:TEGE

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

RIN: 1545-BC20
_______________________________________________________________________

2764. SPECIAL CONSOLIDATED RETURN RULES FOR INTEREST EXPENSE DISALLOWED 
UNDER SECTION 265(A)(2)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 1502; 26 USC 7701

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulation will address the treatment of interest income 
with respect to an intercompany loan when the source of funds is 
borrowing from a nonmember and there is a disallowance of interest 
expense under section 265(a)(2).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/07/04                    69 FR 25535
Final Action                    03/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-128590-03
Drafting attorney: Frances L. Kelly (202) 622-7072
Reviewing attorney: Michael Wilder (202) 622-3393
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC:COR

Agency Contact: Frances L. Kelly, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-7770

RIN: 1545-BC23
_______________________________________________________________________

2765. SECTION 411(D)(6) PROTECTED BENEFITS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 4980

CFR Citation: 26 CFR 1; 26 CFR 54

Legal Deadline: None

Abstract: These regulations will provide guidance relating to section 
411(d)(6) of the Code regarding the elimination or reduction of certain 
early retirement benefits, retirement-type subsidies, and optional 
forms of benefit (section 411(d)(6)(B) protected benefits), and will 
address both: 1) when these benefits result in significant burdens and 
complexities for plans and its participants; and 2) when such benefits 
are of de minimis value to participants.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/24/04                    69 FR 13769
Final Action                    12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-128309-03
Drafting attorney: Pamela R. Kinard (202) 622-6060
Reviewing attorney: Linda S. Marshall (202) 622-6090
Treasury attorney: William Bortz
CC:TEGE

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

RIN: 1545-BC26
_______________________________________________________________________

2766. SINGLE DETERMINATION OF TAX FOR MULTIPLE POOLS OF ASSETS OF AN S 
CORPORATION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 1374(e)

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The proposed regulation will address the determination of tax 
with respect to various pools of assets of an S corporation that is 
subject to tax under section 1374.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/25/04                    69 FR 35544
Final Action                    12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-131486-03
Drafting attorney: Jennifer Sledge (202) 622-7750
Reviewing attorney: Mark Jennings (202) 622-7750
Treasury attorney: Audrey Nacamuli (202) 622-1721
CC:COR

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

RIN: 1545-BC29
_______________________________________________________________________

2767. DEEMED CORPORATE ELECTION FOR ELECTING S CORPORATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7701; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulation will deem an S corporation that makes a timely 
S Corporation election to have also made a timely election to be an 
association taxed as a corporation under section 301.7701-3(1)(i) to 
ease the administrative burden on taxpayers and IRS Service Centers. It 
will continue implementation of section 7701 under the secretary's 
general section 7805 regulatory authority.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/20/04                    69 FR 43369
Final Action                    12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: Undetermined

Additional Information: REG-131786-03
Drafting attorney: Rebekah A. Myers (202) 622-3050

[[Page 73713]]

Reviewing attorney: Dianna Miosi (202) 622-3050
Treasury attorney: Deborah Harrington (202) 622-1788
CC:PSI

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

Related RIN: Related to 1545-BD24
RIN: 1545-BC32
_______________________________________________________________________

2768. PROHIBITED ALLOCATION OF SECURITIES IN AN S CORPORATION

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

Legal Authority: 26 USC 7805; 26 USC 409(p)(7)(A)

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulation will provide guidance for employee stock 
ownership plans holding stock of a subchapter S corporation concerning 
the prohibition against allocations to disqualified persons under 
section 409(p).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/21/03                    68 FR 43058
Comment Period End              10/20/03
Final Action                    12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-129709-03
Drafting attorney: John T. Ricotta (202) 622-6060
Reviewing attorney: Marjorie Hoffman (202) 622-6060
CC:TEGE

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

Related RIN: Related to 1545-BC33
RIN: 1545-BC34
_______________________________________________________________________

2769. ELIMINATION OF FORMS OF DISTRIBUTION IN DEFINED CONTRIBUTION PLANS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 411(d)(b)(E)

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations will amend the section 411(d)(b) 
regulations to conform to the amendments made by EGTRRA, in accordance 
with section 411(d)(b)(E), relating to the elimination of forms of 
distribution in defined contribution plans.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/08/03                    68 FR 40581
Final Action                    12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-112039-03
Drafting attorney: Vernon S. Carter (202) 622-6060
Treasury attorney: William Bortz (202) 622-1352
CC:TEGE

Agency Contact: Vernon S. Carter, Tax Law Specialist, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-6060

RIN: 1545-BC35
_______________________________________________________________________

2770. GUIDANCE UNDER SECTION 1502; APPLICATION OF SECTION 108 TO MEMBERS 
OF A CONSOLIDATED GROUP

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 1502

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations under section 1502 of the Internal Revenue 
Code provide guidance concerning the application of certain provisions 
of section 108 to members of a consolidated group.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/04/03                    68 FR 52542
Final Action                    12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-132760-03
Drafting attorney: Amber R. Cook (202) 622-7530
Reviewing attorney: Marie Milnes-Vasquez (202) 622-7530
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC:CORP:4

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

Related RIN: Related to 1545-BC39
RIN: 1545-BC38
_______________________________________________________________________

2771. SUBSTITUTE FOR RETURN (SFR) AND AUTOMATED SUBSTITUTE FOR RETURN 
(ASFR) (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 6020

CFR Citation: 26 CFR 301

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulations           12/00/04

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Additional Information: REG-131739-03
Drafting attorney: Tracey B. Leibowitz (202) 622-4940
Reviewing attorney: Ashton Trice (202) 622-4940
Treasury attorney: Eric San Juan (202) 622-0224
CC:PA:APJ

[[Page 73714]]

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

Related RIN: Related to 1545-BC45
RIN: 1545-BC46
_______________________________________________________________________

2772. GUIDANCE ON PFIC PURGING ELECTIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These final regulations will provide guidance to taxpayers on 
making timely deemed sale and deemed dividend elections under sections 
1298(b)(1) and 1291.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/24/04                    69 FR 51967
Final Action                    12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-120657-04
Drafting attorney: Alexandra K. Helou (202) 622-3840
Reviewing attorney: Valerie A. Mark Lippe (202) 622-3840
Treasury attorney: Carl Dubert (202) 622-0222
CC:INTL

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

RIN: 1545-BC49
_______________________________________________________________________

2773. QUALIFIED SEVERANCE REGULATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 2642(a)(3)(C)

CFR Citation: 26 CFR 26

Legal Deadline: None

Abstract: This regulation relates to generation-skipping transfer tax 
consequences of a qualified severance of a trust.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/24/04                    69 FR 51967
Final Action                    06/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-145987-03
Drafting attorney: Mayer R. Samuels (202) 622-7265
Reviewing attorney: George Masnik (202) 622-3618
Treasury attorney: Catherine Hughes (202) 622-9407
CC:PSI

Agency Contact: Mayer R. Samuels, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-7265

RIN: 1545-BC50
_______________________________________________________________________

2774. SUSPENSION OF RUNNING OF PERIOD OF LIMITATION DURING A PROCEEDING 
TO ENFORCE OR QUASH A DESIGNATED OR RELATED SUMMONS

Priority: Substantive, Nonsignificant

Legal Authority: 25 USC 6503

CFR Citation: 26 CFR 1; 26 CFR 301

Legal Deadline: None

Abstract: These regulations relate to the use of designated and related 
summonses and the effect on the period of limitations on assessment 
when a case is brought with respect to a designated or related summons.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/31/03                    68 FR 44905
Final Action                    12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-208199-91
Drafting attorney: Elizabeth D. Rawlins (202) 622-3600
Reviewing attorney: Robert A. Miller (202) 622-3600
Treasury attorney: Julian Kim (202) 622-1981
CC:PA:CBS

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

RIN: 1545-BC55
_______________________________________________________________________

2775. GUARANTEE FEES UNDER SECTION 143(G)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 143

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulation will allow issues of qualified mortgage 
revenue bonds under section 143 to exclude certain fees paid to 
guarantee pools of mortgages (including mortgage backed securities) 
from the calculation of the effective interest rate on the mortgages 
for purposes of section 143(g).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/05/03                    68 FR 62549
Final Action                    12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Local, State

Additional Information: REG-146692-03
Drafting attorney: Michael P. Brewer (202) 622-3980
Reviewing attorney: Timothy L. Jones (202) 622-3980
CC:TEGE

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

RIN: 1545-BC59
_______________________________________________________________________

2776. PREDECEASED PARENT RULE

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 2651

CFR Citation: 26 CFR 26

Legal Deadline: None

Abstract: The proposed regulation will provide guidance on the 
predeceased

[[Page 73715]]

parent rule in section 2651(e) and amend the regulations under section 
26.2612-1(a)(2).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/03/04                    69 FR 53863
Public Hearing                  12/14/04                    69 FR 53863
Final Action                    12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-145988-03
Drafting attorney: Lian A. Mito (202) 622-3719
Reviewing attorney: James F. Hogan (202) 622-3012
Treasury attorney: Catherine Hughes (202) 622-9407
CC:PSI

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

RIN: 1545-BC60
_______________________________________________________________________

2777. QUALIFIED ZONE ACADEMY BONDS; OBLIGATIONS OF STATES AND POLITICAL 
SUBDIVISIONS

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: The regulations will provide for permissible use of proceeds 
and will coordinate and make consistent provisions regarding 
determination of credit rate and maturity date. It will provide for 
remedial action in case of change in use of bond proceeds.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/26/04                    69 FR 15747
Public Hearing                  07/21/04
Final Action                    12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Governmental Jurisdictions

Government Levels Affected: Local, State

Additional Information: REG-121475-03
Drafting attorney: Zoran Stojanovic (202) 622-4096
Reviewing attorney: Timothy L. Jones (202) 622-3701
Treasury attorney: Stephen Watson (202) 622-1322
CC:TEGE

Agency Contact: Zoran Stojanovic, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4096

Related RIN: Related to 1545-BC68
RIN: 1545-BC61
_______________________________________________________________________

2778. SECTION 1045 APPLICATION TO PARTNERSHIPS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will provide guidance on how the capital 
gains rollover provision of section 1045 applies to partnerships.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/12/04                    69 FR 49957
Final Action                    02/00/05

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Additional Information: REG-150562-03
Drafting attorney: Charlotte Chyr (202) 622-3070 and Jian Grant (202) 
622-3050
Reviewing attorneys: James Quinn (202) 622-3070 and Mary Beth Collins 
(202) 622-3070
Treasury attorney: Deborah Harrington (202) 622-1788
CC:PSI

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

Jian Grant, Attorney-Advisor, Department of the Treasury, Internal 
Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20024
Phone: 202 622-3070

RIN: 1545-BC67
_______________________________________________________________________

2779. SECTION 179 ELECTIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 202

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will provide guidance for making and revoking 
elections under section 179, effective for 2003.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/04/04                    69 FR 47043
Final Action                    12/00/04

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Additional Information: REG-152549-03
Drafting attorney: Winston H. Douglas (202) 622-3110
Reviewing attorney: Charles B. Ramsey (202) 622-3110
Treasury attorney: George Manousos (202) 622-1335
CC:PSI

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

RIN: 1545-BC69
_______________________________________________________________________

2780. REAL ESTATE MORTGAGE INVESTMENT CONDUIT (REMIC) TETRA RULES

Priority: Info./Admin./Other

Legal Authority: 26 USC 860F

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The proposed regulation relates to the application of 
partnership audit procedures to disputes regarding the ownership of 
residual interests in a REMIC.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/10/04                    69 FR 48431
Final Action                    12/00/04

[[Page 73716]]

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-154077-03
Drafting attorney: Arturo Estrada (202) 622-3900
Reviewing attorney: Dale Collinson (202) 622-3900
Treasury attorney: Viva Hammer (202) 622-0869
CC:FI

Agency Contact: Arturo Estrada, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3900

RIN: 1545-BC71
_______________________________________________________________________

2781. GUIDANCE UNDER SECTION 1502; APPLICATION OF SECTION 108 TO MEMBERS 
OF A CONSOLIDATED GROUP

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 1502

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/11/03                    68 FR 69062
Final Action                    12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-153319-03
Drafting attorney: Amber R. Cook (202)622-7530
Reviewing attorney: Marie Milnes-Vasquez (202)622-7530
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC:CORP:4

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

Related RIN: Related to 1545-BC38, Related to 1545-BC39
RIN: 1545-BC74
_______________________________________________________________________

2782. STUDENT FICA GUIDANCE

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 312(b)(10); 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations defining ``school, college, or university'' 
for purposes of section 312(b)(10). The regulations defining 
``student'' for purposes of section 312(b)(10).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/25/04                     69 FR 8604
Final Action                    12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-156421-03
Drafting attorney: John B. Richards (202) 622-6040
Treasury attorney: Kevin Knopf (202) 622-2329
CC:TEGE

Agency Contact: John B. Richards, Senior Counsel, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-6040

RIN: 1545-BC81
_______________________________________________________________________

2783. EXCLUSION OF EMPLOYEES OF 501(C)(3) ORGANIZATION IN 401(K) AND 
401(M) PLANS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This action amends the Income Tax Regulations (26 CFR part 1) 
under section 410(b) of the Internal Revenue Code of 1986 (Code). The 
proposed amendments would allow a section 401(k) plan or a section 
401(m) plan that is provided under the same general arrangement as the 
section 401(k) plan to treat employees of an organization described in 
section 501(c)(3), which is exempt from tax under section 501(a), who 
are eligible to make salary reduction contributions to a tax-sheltered 
annuity pursuant to section 403(b) (a section 403(b) annuity) as 
excludable employees for the purpose of testing whether such plans meet 
the minimum coverage requirements specified in section 410(b). Congress 
ordered a modification of the current rule in the Economic Growth and 
Tax Relief Reconciliation Act of 2001 (Pub. L. 107-16, 115 Stat. 38).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/16/04                    69 FR 12291
Final Action                    12/00/04

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-149752-03
Drafting attorney: Lisa Mojiri-Azad (202) 622-6060
Treasury attorney: W. Thomas Reeder (202) 622-1341
CC:TEGE

Agency Contact: Lisa Mojiri-Azad, Assistant Branch Chief, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-6060

RIN: 1545-BC87
_______________________________________________________________________

2784. GUIDANCE UNDER SECTION 1502; APPLICATION OF SECTION 108 TO MEMBERS 
OF A CONSOLIDATED GROUP; COMPUTATION OF TAXABLE INCOME WHEN SECTION 108 
APPLIES TO A MEMBER OF A CONSOLIDATED GROUP

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 1502

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations provide guidance to prevent circular bases 
computations resulting from the application of sections 108(b) and 
1.1502-28T, and guidance regarding recapture under section 1245 
following

[[Page 73717]]

application of the look-through rules of section 1017(d) and section 
1.1502-28T.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/15/04                    69 FR 12091
Final Action                    12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-167265-03
Drafting attorney: Candace B. Ewell (202) 622-7530
Reviewing attorney: Marie Milnes-Vasquez (202) 622-7530
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC:COR

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

Related RIN: Related to 1545-BC96
RIN: 1545-BC95
_______________________________________________________________________

2785. SOLID WASTE DISPOSAL FACILITIES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 142

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will modify the definition of solid waste 
disposal facility for purposes of section 142(a)(6) of the Internal 
Revenue Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/10/04                    69 FR 25856
Final Action                    06/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Local, State

Additional Information: REG-140492-02
Drafting attorney: Michael P. Brewer (202) 622-3980
Reviewing attorney: Timothy Jones (202) 622-3980
CC:TEGE

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

RIN: 1545-BD04
_______________________________________________________________________

2786. TREATMENT OF FOREIGN STAPLED CORPORATION (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 269B

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This project will provide regulatory guidance to implement 
Notice 2003-50.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation            06/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Undetermined

Federalism:  Undetermined

Additional Information: REG-101282-04
Drafting attorney: Richard L. Osborne (202) 622-3860
Reviewing attorney: Robert W. Lorence (202) 622-3860
Treasury attorney: Michael Cabellero (202) 622-0851
CC:INTL

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

Related RIN: Related to 1545-BD05
RIN: 1545-BD06
_______________________________________________________________________

2787. DEEMED IRAS IN GOVERNMENTAL PLANS/QUALIFIED NONBANK TRUSTEE RULES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 408

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Under IRS section 408(q), a qualified employer plan (plans 
described in sections 401(a) of the Code, 403(a), 403(b), and 
governmental plans under section 457(b)) may permit employees to make 
voluntary employee contributions to a ``deemed IRA,'' i.e., separate 
account or annuity established under the plan. Generally, these 
accounts or annuities are treated as IRAs pursuant to IRC section 408. 
Proposed regulations providing guidance with respect to section 408(q) 
were published in the Federal Register on May 20, 2003, and the final 
regulations are expected to be published on or before March 31, 2004. 
Deemed IRAs must satisfy the requirements of section 408(a) except for 
the commingling requirements of section 408(a)(5). Consistent with this 
general rule, section 1.408(q)-1(f)(1) of the proposed regulations 
provides that the trustee or custodian of an individual retirement 
account must be a bank or an entity that received approval from the 
Commissioner to serve as a nonbank trustee, pursuant to section 1.408-
2(e) of the regulations. IRC section 1.408-2(e)(1) provides that an 
entity must demonstrate by written application that the requirements of 
paragraph (e)(2) to (e)(6) of that regulation will be met in order to 
qualify as a nonbank trustee. The new regulation will provide that 
governmental entities need not demonstrate that all of these 
requirements will be met with respect to any deemed IRAs maintained by 
that governmental entity. The new regulation will provide that a 
governmental entity must demonstrate in writing to the satisfaction of 
the Commissioner that the entity will administer the trust in a manner 
that is consistent with the requirements of section 408.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/22/04                    69 FR 43786
Final Action                    12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-101447-04
Drafting attorney: Linda L. Conway (202) 622-3051
Reviewing attorney: Janet A. Laufer (202) 622-6090
Treasury attorney: W. Thomas Reeder (202) 622-1341

[[Page 73718]]

CC:TEGE

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

RIN: 1545-BD07
_______________________________________________________________________

2788. PUBLIC INSPECTION OF WRITTEN DETERMINATIONS UNDER SECTION 6110 OF 
THE INTERNAL REVENUE CODE (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 301

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation            03/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-113129-98
Drafting attorney: Deborah C. Lambert-Dean (202) 622-4570
Reviewing attorney: Donald Squires (202) 622-4570
Treasury attorney: Eric San Juan (202) 622-0224
CC:PA:DPL

Agency Contact: Deborah C. Lambert-Dean, Attorney-Advisor, Department 
of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4570
Fax: 202 622-4520

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

2789. CURRENT LIABILITY INTEREST RATE UNDER SECTION 412(B)(5) 
(TEMPORARY)

Priority: Substantive, Nonsignificant

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

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-105966-04
Drafting attorney: Linda S.F. Marshall (202) 622-6090
Treasury attorney: Harlan Weller (202) 622-1001
CC:TEGE

Agency Contact: Linda Marshall, Senior Counsel, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-8012

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

2790. TIME AND MANNER OF MAKING SECTION 163 (D)(4)(B) ELECTION TO TREAT 
QUALIFIED DIVIDEND INCOME AS INVESTMENT INCOME

Priority: Info./Admin./Other

Legal Authority: 26 USC 163 (d)(4)(B)

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations provide guidance regarding time and manner 
for making the election under IRC section 163(d)(4)(B) to treat 
qualified dividend income as investment income.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/05/04                    69 FR 47395
Final Action                    02/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-171386-03
Drafting attorney: Amy J. Pfalzgraf (202) 622-4950
Reviewing attorney: Christopher F. Kane (202) 622-4950
CC:ITA

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

RIN: 1545-BD16
_______________________________________________________________________

2791. COORDINATION OF UNITED STATES AND CERTAIN POSSESSIONS INCOME TAXES 
(TEMPORARY)

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1; 26 CFR 301

Legal Deadline: None

Abstract: The regulations for section 7654 (1954 Code) will revise 
existing regulations for clarification and the regulations for section 
7654 (1986) will be new. Internal Revenue Code (IRC) section 7654 
contains the provisions for cover-over to the U.S. Possessions. Old 
section 7654 (1954 Code) continues to be applicable to Guam and the 
Commonwealth of the Northern Mariana Islands (CNMI) because these two 
possessions do not have an effective implementing agreement with the 
United States as required by the Tax Reform Act of 1986. Regulations 
are necessary for consistent and correct application of section 7654. 
For example, cover-over for (Armed Forces) residents of the possessions 
stationed outside the possessions are not specifically addressed in the 
1954 Code, and neither is cover-over for Federal employees residing in 
U.S. Possessions. Temporary Regulations are needed to carry out the 
provisions of section 7654 and sections 931, 932, and 935.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation            12/00/04

Regulatory Flexibility Analysis Required: No

[[Page 73719]]

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-139900-03
Drafting attorney: Mae J. Lew (202) 435-5262
Reviewing attorney: Ricardo A. Cadenas (202) 435-5262
Treasury attorney: Carl Dubert (202) 622-1765
CC:INTL

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

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

2792. GUIDANCE ON PFIC PURGING ELECTIONS (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These temporary regulations will provide guidance regarding 
retroactive relief for taxpayers who, in limited circumstances, 
continue to be subject to the PFIC excess distribution regime of 
section 1291 although the foreign corporation in which they own stock 
is no longer treated as a PFIC under section 1298(b)(1) or section 
1297(e).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-133446-03
Drafting attorney: Alexandra K. Helou (202) 622-3840
Reviewing attorney: Valerie A. Mark Lippe (202) 622-3840
Treasury attorney: Carl Dubert (202) 622-0222
CC:INTL

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

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

2793. LIFO RECAPTURE UNDER SECTION 1363(D)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These proposed regulations provide guidance on a C 
corporation that, owning LIFO inventory through a partnership, converts 
to an S corporation or transfers its partnership interest to an S 
corporation.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/13/04                    69 FR 50109
Final Action                    03/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-149524-03
Drafting attorney: Pietro Canestrelli (202) 622-3060
Reviewing attorney: David Hagland (202) 622-3050
Treasury attorneys: Deborah Harrington (202) 622-1788 and Stephanie 
Robinson (202)
622-9858
CC:PSI

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

Related RIN: Related to 1545-BC66
RIN: 1545-BD34
_______________________________________________________________________

2794. CLARIFICATION OF DEFINITIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: These regulations will address the treatment of corporate 
continuances under section 7701.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/12/04                    69 FR 49840
Public Hearing                  11/03/04                    69 FR 49840
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-124872-04
Drafting attorney: Thomas D. Beem (202) 622-3860
Reviewing attorney: Charles P. Besecky (202) 622-3860
Treasury attorney: Carl Dubert (202) 622-0222
CC:INTL

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

Related RIN: Related to 1545-BD43
RIN: 1545-BD37
_______________________________________________________________________

2795. UNDERPAYMENT FOR QUALIFIED AMENDED RETURNS (TEMPORARY)

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: Not Yet Determined

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These temporary regulations will revise the definition of 
``qualified amended return'' in accordance with Notice 2004-38.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulations           12/00/04

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected:  Businesses

Government Levels Affected: None

Federalism:  Undetermined

Additional Information: REG-122847-04
Drafting attorney: Nancy M. Galib (202) 622-7022
Reviewing attorney: Ashton P. Trice (202) 622-4940

[[Page 73720]]

Treasury attorneys: Julian Kim and Jonathan Ackerman (202) 622-1981
CC:PA:AP J

Agency Contact: Nancy M. Galib, attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 
20024
Phone: 202 622-7022

Related RIN: Related to 1545-BD40
RIN: 1545-BD42
_______________________________________________________________________

2796. <bullet<ls-thn-eq> ALLOCATION AND APPORTIONMENT OF DEDUCTIONS FOR 
CHARITABLE CONTRIBUTIONS (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1; 26 CFR 1

Legal Deadline: None

Abstract: These regulations will provide final guidance relating to the 
allocation and apportionment of deductions for charitable 
contributions, including where the deductions are provided by an income 
tax treaty rather than by sections 170, 873(b)(2), and 882(c)(1)(B).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation            07/28/04                    69 FR 44930
NPRM                            07/28/04                    69 FR 44988
Final Action                    03/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-129040-04
Drafting attorney: Teresa B. Hughes (202) 622-3850
Reviewing attorney: Anne O. Devereaux (202) 622-3850
Treasury attorney: John Harrington (202) 622-0589
CC:INTL

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

Related RIN: Related to 1545-AP30
RIN: 1545-BD47
_______________________________________________________________________

2797. <bullet<ls-thn-eq> TREATMENT OF DISREGARDED ENTITIES UNDER SECTION 
752

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 752; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Provide rules under section 752 for taking into account the 
net value of a disregarded entity owned by a partner or related person 
for purposes of allocating partnership liabilities.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/12/04                    69 FR 49832
Final Action                    02/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-128767-04
Drafting attorney: Michael J. Goldman (202) 622-3080
Reviewing attorney: Jeanne Sullivan (202) 622-3050
Treasury: Stephanie Robinson (202) 622-9848
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-BD48
_______________________________________________________________________

2798. <bullet<ls-thn-eq> SECTION 951 PRO RATA RULES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations provide rules for determining a United 
States shareholder's pro rata share of subpart F income of a controlled 
foreign corporation.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/05/04                    69 FR 47822
Final Action                    08/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-129771-04
Drafting Attorney: Jonathan A. Sambur (202) 622-3840
Reviewing Attorney: Phyllis E. Marcus (202) 622-3840
Treasury Attorney: Carl Dubert (202) 622-0222
CC:INTL

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

RIN: 1545-BD49
_______________________________________________________________________

2799. <bullet<ls-thn-eq> CONTINUITY OF INTEREST/STOCK FLUCTUATION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation relates to the circumstances in which 
continuity of interest is measured using a transaction's signing date.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/10/04                    69 FR 48429
Final Action                    12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-129706-04
Drafting attorney: Christopher M. Bass (202) 622-7770
Reviewing attorney: Jeffrey B. Fienberg (202) 622-7770
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC:CORP:B2

Agency Contact: Christopher M. Bass, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-7770

RIN: 1545-BD53

[[Page 73721]]

_______________________________________________________________________

2800. <bullet<ls-thn-eq> MANUFACTURER INCENTIVE PAYMENTS IN AN 
INTERCOMPANY TRANSACTION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 1502

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This project clarifies how the intercompany transaction 
regulations treat manufacturer incentive payments to other members of 
the group.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/13/04                    69 FR 50112
Final Action                    06/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-131264-04
Drafting attorney: Frances Kelly (202) 622-7770
Reviewing attorney: Gerald B. Fleming (202) 622-7770
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC:COR

Agency Contact: Frances L. Kelly, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-7770

RIN: 1545-BD55
_______________________________________________________________________

2801. <bullet<ls-thn-eq> SOURCE OF COMPENSATION FOR LABOR OR PERSONAL 
SERVICES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 861

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will describe the appropriate basis for 
determining the source of income from labor or personal services 
performed partly within and partly without the United States.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/06/04                    69 FR 47816
Final Action                    06/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-136481-04
Drafting attorney: David F. Bergkuist (202) 622-3850
Reviewing attorney: Richard Chewning (202) 622-3850
Treasury attorney: John Harrington (202) 622-0589
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-BD62
_______________________________________________________________________

2802. <bullet<ls-thn-eq> REMOVAL OF SECTION 6661 REGULATIONS

Priority: Info./Admin./Other

Legal Authority: 26 USC 7805; PL 101-239, sec 7721

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation removes 26 CFR section 1.661-1 through 1.661-
6 pertaining to 26 U.S.C. section 6661, which was repealed for tax 
returns due after December 31, 1989.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-144890-04
Drafting attorney: Audra M. Dineen (202) 622-4940
CC:APJP:B02

Agency Contact: Audra M. Dineen, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20024
Phone: 202 622-4940

RIN: 1545-BD75
_______________________________________________________________________

2803. <bullet<ls-thn-eq> SPECIAL RULES TO REDUCE SECTION 1446 
WITHHOLDING (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 1446

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations provide guidance for partnerships obligated 
to pay withholding tax under section 1446 of the Internal Revenue Code. 
Specifically, the proposed and temporary regulations address the 
circumstances under which a partnership may reduce its withholding tax 
due based upon certifications of losses by foreign partners or when the 
partnership is in bankruptcy. The temporary regulations will be 
effective for partnership taxable years beginning after the date the 
regulations are published in the Federal Register.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation            03/00/05

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-108524-00
Drafting attorney: Ronald M. Gootzeit (202) 622-3860
Reviewing attorney: Michael H. Frankel (202) 622-3860
Treasury attorney: David Sotos (202) 622-0851
CC:INTL

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

Related RIN: Related to 1545-AY28
RIN: 1545-BD80

[[Page 73722]]

_______________________________________________________________________
Department of the Treasury (TREAS)                    Long-Term Actions
Internal Revenue Service (IRS)
_______________________________________________________________________

2804. 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
_______________________________________________________________________

2805. INCOME TAX--DEFINITION OF QUALIFIED POSSESSION SOURCE INVESTMENT 
INCOME FOR PURPOSES OF PUERTO RICO AND POSSESSION TAX CREDIT

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/21/86                     51 FR 2726


Next Action Undetermined

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: W. Edward Williams
Phone: 202 622-3830

RIN: 1545-AC10
_______________________________________________________________________

2806. FSC TRANSFER PRICING RULES, DISTRIBUTIONS, DIVIDENDS RECEIVED, 
DEDUCTION, AND OTHER SPECIAL RULES FOR FSC

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/03/87                     52 FR 6467
NPRM Comment Period End         05/02/87


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Christopher J. Bello
Phone: 202 435-5160

RIN: 1545-AI16
_______________________________________________________________________

2807. 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: Willard W. Yates
Phone: 202 622-3880
Fax: 202 622-4476

RIN: 1545-AJ93
_______________________________________________________________________

2808. 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
_______________________________________________________________________

2809. CLARIFICATION OF TREATMENT OF SEPARATE LIMITATION LOSSES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

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
_______________________________________________________________________

2810. 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
_______________________________________________________________________

2811. CARIBBEAN BASIN INVESTMENTS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/13/91                    56 FR 21963
Hearing                         07/12/91                    56 FR 21963


Next Action Undetermined

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: W. Edward Williams
Phone: 202 622-3830

RIN: 1545-AM91
_______________________________________________________________________

2812. 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

[[Page 73723]]

Government Levels Affected: None

Agency Contact: Martin Scully
Phone: 202 622-8066

RIN: 1545-AN73
_______________________________________________________________________

2813. 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
_______________________________________________________________________

2814. EARNINGS STRIPPING PAYMENTS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/18/91                    56 FR 27907
Hearing                         09/25/91
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Theodore D. Setzer
Phone: 202 622-3870

RIN: 1545-AO24
_______________________________________________________________________

2815. FRINGE BENEFIT SOURCING UNDER SECTION 861

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/21/00                     65 FR 3402
Public Hearing                  07/18/00
Second NPRM                     08/06/04                    69 FR 47816


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: David F. Bergkuist
Phone: 202 622-3850

RIN: 1545-AO72
_______________________________________________________________________

2816. 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
NPRM                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Tara P. Volungis
Phone: 202 927-3080

RIN: 1545-AP52
_______________________________________________________________________

2817. 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
_______________________________________________________________________

2818. 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
_______________________________________________________________________

2819. 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
_______________________________________________________________________

2820. FOREIGN CORPORATIONS REGULATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/08/96                     61 FR 9377


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Gregory A. Spring
Phone: 202 622-3870

RIN: 1545-AT96
_______________________________________________________________________

2821. APPLICATION OF GRANTOR TRUST RULES TO NONEXEMPT EMPLOYEES' TRUST

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

[[Page 73724]]

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 Marshall
Phone: 202 622-8012

James A. Quinn
Phone: 202 622-3070

RIN: 1545-AU29
_______________________________________________________________________

2822. 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
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Mark S. Smith
Phone: 202 622-3970
Fax: 2026226275

RIN: 1545-AU49
_______________________________________________________________________

2823. SOURCE RULES FOR PAYMENTS MADE PURSUANT TO CERTAIN SWAP 
ARRANGEMENTS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Theodore D. Setzer
Phone: 202 622-3870

RIN: 1545-AU89
_______________________________________________________________________

2824. 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: John W. Rogers, III
Phone: 202 622-3950

RIN: 1545-AU94
_______________________________________________________________________

2825. SUBSTANTIATING TRAVEL EXPENSE DEDUCTIONS FOR MEMBERS OF CONGRESS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1; 26 CFR 5

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Edwin B. Cleverdon
Phone: 202 622-7900

RIN: 1545-AV55
_______________________________________________________________________

2826. 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                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Theodore D. Setzer
Phone: 202 622-3870

RIN: 1545-AW13
_______________________________________________________________________

2827. TRANSPORTATION OF PERSONS AND PROPERTY BY AIR

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Taylor Cortright
Phone: 202 622-3130

RIN: 1545-AW19
_______________________________________________________________________

2828. 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: 202 622-3880

RIN: 1545-AW50
_______________________________________________________________________

2829. CONSTRUCTIVE SALES OF APPRECIATED FINANCIAL POSITIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected:  Businesses, Organizations

Government Levels Affected: None

Agency Contact: Kathleen Sleeth

[[Page 73725]]

Phone: 202 622-3920

RIN: 1545-AW97
_______________________________________________________________________

2830. DEFINITION OF ACCOUNTING METHOD

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Grant D. Anderson
Phone: 202 622-4930

RIN: 1545-AX21
_______________________________________________________________________

2831. DOLLAR-VALUE LIFO

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Scott H. Rabinowitz
Phone: 202 622-4970

RIN: 1545-AY39
_______________________________________________________________________

2832. SPECIAL RULES FOR S CORPORATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 301; 26 CFR 601

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/27/92                    57 FR 15272
NPRM Comment Period End         06/26/92


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: David A. Juster
Phone: 202 622-3850

Related RIN: Split from 1545-AP35, Related to 1545-AS88
RIN: 1545-AY44
_______________________________________________________________________

2833. NORMAL RETIREMENT AGE FOR PENSION PLANS

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

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Janet A. Laufer
Phone: 202 622-6090

RIN: 1545-AY61
_______________________________________________________________________

2834. PAYMENTS FOR INTEREST IN PARTNERSHIP

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: James M. Gergurich
Phone: 202 622-3070

RIN: 1545-AY90
_______________________________________________________________________

2835. MERGERS INVOLVING DISREGARDED ENTITIES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/15/01                    66 FR 57400
Second NPRM                     01/24/03                     68 FR 3477
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Richard M. Heinecke
Phone: 202 622-7930

Related RIN: Related to 1545-BB46
RIN: 1545-BA06
_______________________________________________________________________

2836. CONSOLIDATED RETURNS; NONAPPLICABILITY OF SECTION 357(C)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/14/01                    66 FR 57021
Public Hearing                  03/21/02
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Thomas I. Russell
Phone: 202 622-7550

RIN: 1545-BA09
_______________________________________________________________________

2837. NONCOMPENSATORY PARTNERSHIP OPTIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/22/03                     68 FR 2930
Public Hearing                  05/20/03
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Federalism:  Undetermined

Agency Contact: Demetri G. Yatrakis
Phone: 202 622-3060

Audrey W. Ellis
Phone: 202 622-3060

RIN: 1545-BA53
_______________________________________________________________________

2838. EARNINGS AND PROFITS ATTRIBUTION PRINCIPLES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Federalism:  Undetermined

Agency Contact: Mark R. Pollard
Phone: 202 622-3850

RIN: 1545-BA93

[[Page 73726]]

_______________________________________________________________________

2839. INVESTIGATIVE DISCLOSURES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 301

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/10/03                    68 FR 41089
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Federal

Agency Contact: Helene R. Newsome
Phone: 202 622-4570

Related RIN: Related to 1545-BB17
RIN: 1545-BB16
_______________________________________________________________________

2840. MIXED USE OUTPUT FACILITIES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           09/23/02                    67 FR 59767


Next Action Undetermined

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Local, State

Federalism:  Undetermined

Agency Contact: Rose M. Weber
Phone: 202 622-3980

RIN: 1545-BB23
_______________________________________________________________________

2841. 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
_______________________________________________________________________

2842. AMENDMENT TO SECTION 6724 RELATING TO FAILURE TO FILE CORRECT 
INFORMATION RETURNS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/09/03                    68 FR 40857
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: William M. Kostak
Phone: 202 622-4910

RIN: 1545-BB41
_______________________________________________________________________

2843. INSTALLMENT OBLIGATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/24/03                    68 FR 65864
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Federalism:  Undetermined

Agency Contact: Christopher L. Trump
Phone: 202 622-3080

RIN: 1545-BB65
_______________________________________________________________________

2844. CORPORATE REORGANIZATIONS: CONTINUITY TRANSFERS OF ASSETS OR STOCK 
FOLLOWING A REORGANIZATION

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/02/04                     69 FR 9771
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Rebecca O. Burch
Phone: 202 622-7550

Related RIN: Related to 1545-BB81
RIN: 1545-BB80
_______________________________________________________________________

2845. SUBSTITUTE FOR RETURN (SFR) AND AUTOMATED SUBSTITUTE FOR RETURN 
(ASFR)

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

CFR Citation: 26 CFR 301

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Agency Contact: Tracey B. Leibowitz
Phone: 202 622-4940

Related RIN: Related to 1545-BC46
RIN: 1545-BC45
_______________________________________________________________________

2846. PARTNERSHIPS AND DEEMED DISPOSITIONS OF UNREALIZED RECEIVABLES AND 
INVENTORY ITEMS

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

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Agency Contact: Charlotte Chyr
Phone: 202 622-3070

RIN: 1545-BC65
_______________________________________________________________________

2847. REGULATIONS GOVERNING THE PERFORMANCE OF ACTUARIAL SERVICES UNDER 
THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974

Priority: Substantive, Nonsignificant

CFR Citation: 20 CFR 901

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

[[Page 73727]]

Agency Contact: Michael J. Roach
Phone: 202 622-6090

RIN: 1545-BC82
_______________________________________________________________________

2848. TREATMENT OF FOREIGN STAPLED CORPORATION

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/07/04                    69 FR 54067


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Robert W. Lorence
Phone: 202 622-3860

Related RIN: Related to 1545-BD06
RIN: 1545-BD05
_______________________________________________________________________

2849. STOCK HELD BY FOREIGN INSURANCE COMPANIES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/25/04                    69 FR 35543


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Sheila Ramaswamy
Phone: 202 622-3870

RIN: 1545-BD27
_______________________________________________________________________

2850. BRIEF ASSET HOLDING PERIOD (TEMPORARY)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation            12/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Tara P. Volungis
Phone: 202 927-3080

RIN: 1545-BD38
_______________________________________________________________________

2851. BRIEF ASSET HOLDING PERIOD

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Tara P. Volungis
Phone: 202 927-3080

RIN: 1545-BD39
_______________________________________________________________________

2852. TRANSFERS OF RESTRICTED STOCK

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Stephen B. Tackney
Phone: 202 622-6030

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

2853. TRANSFERS OF RESTRICTED STOCK (TEMPORARY)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulations           12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Stephen B. Tackney
Phone: 202 622-6030

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

2854. ASSET TRANSFERS FOLLOWING PUTATIVE REORGANIZATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/18/04                    69 FR 51209
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Jeffrey B. Fienberg
Phone: 202 622-7770

RIN: 1545-BD56
_______________________________________________________________________

2855. <bullet<ls-thn-eq> GUIDANCE UNDER SECTION 6501(C)(1) REGULATIONS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805; 26 USC 6501

CFR Citation: 26 CFR 301

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Additional Information: REG-144905-04
Drafting attorney: Heather L. Dostaler (202) 622-4940
CC: APJ

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

RIN: 1545-BD73

[[Page 73728]]

_______________________________________________________________________
Department of the Treasury (TREAS)                    Completed Actions
Internal Revenue Service (IRS)
_______________________________________________________________________

2856. CHARITABLE CONTRIBUTIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Second NPRM                     07/28/04                    69 FR 44988
Final Action Completed by TD 
9143                            07/28/04                    69 FR 44930

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Teresa B. Hughes
Phone: 202 622-3850

Related RIN: Related to 1545-BD47
RIN: 1545-AP30
_______________________________________________________________________

2857. FOREIGN TAX CREDIT ANTI-ABUSE REGULATION

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Closed Without Regulations      04/27/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Bethany Ingwalson
Phone: 202 622-3850

RIN: 1545-AV97
_______________________________________________________________________

2858. INTEREST ON EDUCATION LOANS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9125                            05/07/04                    69 FR 25489

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Sean Dwyer
Phone: 202 622-5020

RIN: 1545-AW01
_______________________________________________________________________

2859. CONTINGENT DEBT INSTRUMENT

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9157                            08/30/04                    69 FR 52816

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Milton M. Cahn
Phone: 202 622-3870

RIN: 1545-AW33
_______________________________________________________________________

2860. DELAY RENTAL PAYMENTS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       09/20/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Brenda M. Stewart
Phone: 202 622-3120

RIN: 1545-AX06
_______________________________________________________________________

2861. APPLICATION OF SEPARATE FOREIGN TAX CREDIT LIMITATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9141                            07/20/04                    69 FR 43304

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Bethany Ingwalson
Phone: 202 622-3850

RIN: 1545-AX88
_______________________________________________________________________

2862. PROCUREMENT/PURCHASING CARD REPORTING

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9136                            07/13/04                    69 FR 41938

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Donna J. Welch
Phone: 202 622-4910

Related RIN: Related to 1545-BB88
RIN: 1545-BA17
_______________________________________________________________________

2863. 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

CFR Citation: 26 CFR 31

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9144                            08/03/04                    69 FR 46401

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Stephen B. Tackney
Phone: 202 622-6030

RIN: 1545-BA26
_______________________________________________________________________

2864. REQUIRED DISTRIBUTIONS FROM RETIREMENT PLANS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9130                            06/15/04                    69 FR 33288

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Cathy A. Vohs
Phone: 202 622-6090

Related RIN: Related to 1545-AY69, Related to 1545-AY70
RIN: 1545-BA60

[[Page 73729]]

_______________________________________________________________________

2865. INTEREST OTHER THAN THAT OF A CREDITOR

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9124                            05/03/04                    69 FR 24078

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Tara P. Volungis
Phone: 202 927-3080

RIN: 1545-BA69
_______________________________________________________________________

2866. STATUTORY OPTIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9144                            08/03/04                    69 FR 46401

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Erinn M. Madden
Phone: 202 622-6030

RIN: 1545-BA75
_______________________________________________________________________

2867. DISCLOSURE OF RELATIVE VALUE OF DISTRIBUTION FORMS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9099                            12/17/03                    68 FR 70141

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses, Organizations

Government Levels Affected: None

Agency Contact: John T. Ricotta
Phone: 202 622-6060

RIN: 1545-BA78
_______________________________________________________________________

2868. PARTNERSHIP TRANSACTIONS INVOLVING LONG-TERM CONTRACTS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9137                            09/03/04                    69 FR 53804

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Richard T. Probst
Phone: 202 622-3060

RIN: 1545-BA81
_______________________________________________________________________

2869. TRANSFER OF NOTES OR STOCK TO PROVIDE FOR SATISFACTION OF 
CONTESTED LIABILITIES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9140                            07/20/04                    69 FR 43302

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Norma C. Rotunno
Phone: 202 622-7900

Related RIN: Related to 1545-BA91
RIN: 1545-BA90
_______________________________________________________________________

2870. PLACE FOR FILING

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9156                            09/16/04                    69 FR 55743

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Emly B. Berndt
Phone: 202 622-4940

Related RIN: Related to 1545-BB45
RIN: 1545-BB00
_______________________________________________________________________

2871. REDUCED EXCLUSION OF GAIN FROM SALE OR EXCHANGE OF PRINCIPAL 
RESIDENCE

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9152                            08/16/04                    69 FR 50302

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Sara P. Shepherd
Phone: 202 622-4960

Related RIN: Related to 1545-BB02
RIN: 1545-BB01
_______________________________________________________________________

2872. CHANGE IN USE; ACCELERATED COST RECOVERY SYSTEM

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9132                            06/17/04                    69 FR 33840

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Sara L. Logan
Phone: 202 622-3110

RIN: 1545-BB05
_______________________________________________________________________

2873. CAPITAL ACCOUNT BOOKUP

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9126                            05/06/04                    69 FR 25315

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Laura C. Nash
Phone: 202 622-3050

RIN: 1545-BB10

[[Page 73730]]

_______________________________________________________________________

2874. EXCISE TAX RELATING TO STRUCTURED SETTLEMENT FACTORING 
TRANSACTIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1; 26 CFR 602

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9134                            07/08/04                    69 FR 41192

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Shareen S. Pflanz
Phone: 202 622-4920

Related RIN: Related to 1545-BB24
RIN: 1545-BB14
_______________________________________________________________________

2875. ADVANCE RENTALS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9135                            07/08/04                    69 FR 41192

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Edwin B. Cleverdon
Phone: 202 622-7900

RIN: 1545-BB44
_______________________________________________________________________

2876. ADMINISTRATIVE SIMPLIFICATION OF 481(A) ADJUSTMENT PERIODS IN 
VARIOUS REGULATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9131                            06/16/04                    69 FR 33571

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Christian T. Wood
Phone: 202 622-4930

RIN: 1545-BB47
_______________________________________________________________________

2877. DEEMED IRAS IN QUALIFIED RETIREMENT PLANS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9142                            07/22/04                    69 FR 43735

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Linda L. Conway
Phone: 202 622-6090

RIN: 1545-BB58
_______________________________________________________________________

2878. DEEMED IRAS IN QUALIFIED RETIREMENT PLANS (TEMPORARY)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9142                            07/22/04                    69 FR 43735

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Linda L. Conway
Phone: 202 622-6090

RIN: 1545-BB59
_______________________________________________________________________

2879. SAFE HARBOR LEASING SECOND INTEREST CAPITALIZATION (TEMPORARY)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9129                            05/20/04                    69 FR 29066

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Grant D. Anderson
Phone: 202 622-4930

Related RIN: Related to 1545-BB62
RIN: 1545-BB63
_______________________________________________________________________

2880. AVAILABILITY OF SECTION 338(H)(10) ELECTION IN MULTISTEP 
TRANSACTIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9071                            07/09/03                    68 FR 40766

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Daniel F. Heins
Phone: 202 622-7930

Mary E. Goode
Phone: 202 622-7930

Related RIN: Related to 1545-BB78
RIN: 1545-BB68
_______________________________________________________________________

2881. COLLECTED EXCISE TAXES; DUTIES OF COLLECTOR (TEMPORARY)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 40; 26 CFR 49

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9149                            08/10/04                    69 FR 48393

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Taylor Cortright
Phone: 202 622-3130

Related RIN: Related to 1545-BB75
RIN: 1545-BB76
_______________________________________________________________________

2882. REDUCTION OF TAX ATTRIBUTES DUE TO DISCHARGE OF INDEBTEDNESS 
INCOME

Priority: Routine and Frequent

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9127                            05/11/04                    69 FR 26038

Regulatory Flexibility Analysis Required: No

[[Page 73731]]

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Theresa M. Kolish
Phone: 202 622-7530

Related RIN: Related to 1545-BC47
RIN: 1545-BB98
_______________________________________________________________________

2883. TRANSFERS OF NONSTATUTORY STOCK OPTIONS TO RELATED PERSONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9148                            08/10/04                    69 FR 48392

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Stephen B. Tackney
Phone: 202 622-6030

RIN: 1545-BC06
_______________________________________________________________________

2884. PRESERVATION OF STOCK BASIS

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

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9122                            04/26/04                    69 FR 22399

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Ross E. Poulsen
Phone: 202 622-7770

RIN: 1545-BC28
_______________________________________________________________________

2885. DEPRECIATION OF VANS AND LIGHT TRUCKS

Priority: Substantive, Nonsignificant.

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9133                            06/25/04                    69 FR 35513

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Bernard P. Harvey
Phone: 202 622-3110

RIN: 1545-BC36
_______________________________________________________________________

2886. REMEDIAL ACTIONS FOR TAX EXEMPT BONDS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9150                            08/13/04                    69 FR 50065

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Gary W. Bornholdt
Phone: 202 622-7870

RIN: 1545-BC40
_______________________________________________________________________

2887. LIFO RECAPTURE UNDER SECTION 1362(D)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       09/20/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Pietro E. Canestrelli
Phone: 202 622-3060

Related RIN: Related to 1545-BD34
RIN: 1545-BC66
_______________________________________________________________________

2888. NIMCRUT VALUATION REGULATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       08/10/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Juli Ro Kim
Phone: 202 622-3090

RIN: 1545-BC85
_______________________________________________________________________

2889. ELECTRONIC FILING OF DUPLICATE FORMS 5472

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Hearing                         05/27/04
Final Action Completed by TD 
9161                            09/15/04                    69 FR 55499

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Edward R. Barret
Phone: 202 622-3880

Related RIN: Related to 1545-BD02
RIN: 1545-BD03
_______________________________________________________________________

2890. DEEMED IRAS IN GOVERNMENTAL PLANS/QUALIFIED NONBANK TRUSTEE RULES 
(TEMPORARY)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9142                            07/22/04                    69 FR 43735

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Linda L. Conway
Phone: 202 622-6090

Related RIN: Related to 1545-BD07
RIN: 1545-BD08
_______________________________________________________________________

2891. TRANSITIONAL RULE FOR VESTED ACCRUED VACATION PAY (TEMPORARY)

Priority: Info./Admin./Other

CFR Citation: 26 CFR 1

[[Page 73732]]

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9138                            07/16/04                    69 FR 42559

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Jamie J. Kim
Phone: 202 622-4950
Fax: 2026224579

RIN: 1545-BD12
_______________________________________________________________________

2892. DEEMED CORPORATE ELECTION FOR ELECTING S CORPORATIONS (TEMPORARY)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9139                            07/20/04                    69 FR 43317

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: Undetermined

Agency Contact: Rebekah A. Myers
Phone: 202 622-3050

Related RIN: Related to 1545-BC32
RIN: 1545-BD24
_______________________________________________________________________

2893. SECTION 1031 TRANSITION TO NAICS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9151                            08/13/04                    69 FR 50108

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: J. Peter Baumgarten
Phone: 202 622-4950

RIN: 1545-BD25
_______________________________________________________________________

2894. SECTION 1031 TRANSITION TO NAICS (TEMPORARY)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9151                            08/13/04                    69 FR 50067

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: J. Peter Baumgarten
Phone: 202 622-4950

Related RIN: Related to 1545-BD25
RIN: 1545-BD26
_______________________________________________________________________

2895. ENTRY OF TAXABLE FUEL (TEMPORARY)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9145                            07/30/04                    69 FR 45587

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Celia A. Gabrysh
Phone: 202 622-3130

Related RIN: Related to 1545-BC08
RIN: 1545-BD29
_______________________________________________________________________

2896. TIME AND MANNER OF MAKING SECTION 163(D)(4)(B) ELECTION TO TREAT 
QUALIFIED DIVIDEND INCOME AS INVESTMENT INCOME

Priority: Info./Admin./Other

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9147                            08/05/04                    69 FR 47364

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Amy J. Pfalzgraf
Phone: 202 622-4950

Related RIN: Related to 1545-BD16
RIN: 1545-BD30
_______________________________________________________________________

2897. CLARIFICATION OF DEFINITIONS (TEMPORARY)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 301

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9153                            08/12/04                    69 FR 49804

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Thomas D. Beem
Phone: 202 622-3860

Related RIN: Related to 1545-BD37
RIN: 1545-BD43
_______________________________________________________________________

2898. <bullet<ls-thn-eq> GUIDANCE UNDER SECTION 1502; WAIVER OF LOSS 
CARRYOVER FROM SEPARATE RETURN LIMITATION YEARS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 1502

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation affords relief from the deemed waiver rule of 
section 1.1502-32T(s)(4) by making the application of the deemed waiver 
rule elective.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9155                            08/18/04                    69 FR 51175

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-129274-04
Drafting attorney: Sean C. Mckeever (202) 622-8167
CC:COR

Agency Contact: Sean C. Mckeever, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 
20224

[[Page 73733]]

Phone: 202 622-8167

Related RIN: Related to 1545-BD57
RIN: 1545-BD58
_______________________________________________________________________

2899. <bullet<ls-thn-eq> TREATMENT OF CERTAIN SETTLEMENT FUNDS AS 
PERTAINING TO PURCHASE PRICE ALLOCATIONS IN DEEMED AND ACTUAL ASSET 
ACQUISITIONS (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 337; 26 USC 338; 26 USC 1502

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations provide for elective special treatment of 
certain legally-mandated settlement funds in the allocation of purchase 
price in deemed and actual asset acquisitions under sections 338 and 
1060.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9158                            09/16/04                    69 FR 55740

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-169135-03
Drafting attorney: Richard C. Starke (202) 622-7492
Reviewing attorney: Ken Cohen (202) 622-7790
Treasury attorney: Audrey Nacamuli (202) 622-7790
CC:COR

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

RIN: 1545-BD59
_______________________________________________________________________

2900. <bullet<ls-thn-eq> EXTENTION OF TIME TO ELECT METHOD FOR 
DETERMINING ALLOWABLE LOSS

Priority: Substantive, Nonsignificant

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

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulation will amend 26 CFR 1.1502-20T(i) to provide a 
new deadline for choosing to apply one of the three loss disallowance 
rules described there. The new deadline will apply even if a taxpayer 
had previously made an irrevocable election under 26 CFR 1.1502-20T(i).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/26/04                    69 FR 52462
Withdrawn - No Further Action 
Anticipated                     10/20/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-135898-04
Drafting attorney: Martin T. Huck (202) 622-7750
Reviewing attorney: Theresa Abell (202) 622-7700
CC:COR

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

Related RIN: Related to 1545-BD64
RIN: 1545-BD63
_______________________________________________________________________

2901. <bullet<ls-thn-eq> EXTENTION OF TIME TO ELECT METHOD FOR 
DETERMINING ALLOWABLE LOSS (TEMPORARY)

Priority: Substantive, Nonsignificant

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

CFR Citation: 26 CFR 1502

Legal Deadline: None

Abstract: The regulation will amend 26 CFR 1.1502-20T(i) to provide a 
new deadline for choosing to apply one of the three loss disallowance 
rules described there. The new deadline will apply even if a taxpayer 
had previously made an irrevocable election under 26 CFR 1.1502-20T(i).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9154                            08/26/04                    69 FR 52419

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-135898-04
Drafting attorney: Martin T. Huck (202) 622-7750
Reviewing attorney: Theresa Abell (202) 622-7700
CC:COR

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

Related RIN: Related to 1545-BD63
RIN: 1545-BD64
BILLING CODE 4830-01--S
_______________________________________________________________________
Department of the Treasury (TREAS)                  Proposed Rule Stage
Office of Thrift Supervision (OTS)
_______________________________________________________________________

2902. RISK-BASED CAPITAL GUIDELINES; IMPLEMENTATION OF NEW BASEL CAPITAL 
ACCORD

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

Unfunded Mandates: Undetermined

Legal Authority: 12 USC 1462; 12 USC 1462a; 12 USC 1463; 12 USC 1464; 
12 USC 1467a; 12 USC 1828 (note)

CFR Citation: 12 CFR 567

Legal Deadline: None

Abstract: In 2003, the Office of the Comptroller of the Currency, the 
Board of Governors of the Federal Reserve System, the Federal Deposit 
Insurance Corporation, and the Office of Thrift Supervision 
(collectively, the ``Federal Banking Agencies'') set forth for industry 
comment their views (at that time) on a proposed framework for 
implementing the New Basel Capital

[[Page 73734]]

Accord in the United States. In particular, this advance notice of 
proposed rulemaking (ANPRM) described significant elements of the 
Advanced Internal Ratings-Based approach for credit risk and the 
Advanced Measurement Approaches for operational risk (together, the 
advanced approaches). The ANPRM specified criteria that would be used 
to determine banking organizations that would be required to use the 
advanced approaches, subject to meeting certain qualifying criteria, 
supervisory standards, and disclosure requirements. Other banking 
organizations that would meet the criteria, standards, and requirements 
also would be eligible to use the advanced approaches. Under the 
advanced approaches, banking organizations would use internal estimates 
of certain risk components as key inputs in the determination of their 
regulatory capital requirements.
In the fourth quarter of 2004, the Federal Banking Agencies plan to 
begin a quantitative impact study to help determine the potential 
impact of implementing the capital framework set forth in the 
``International Convergence of Capital Measurement and Capital 
Standards: A Revised Framework``, which updates and makes some 
significant revisions to the preliminary New Basel Capital Accord 
document from 2003, upon which the above ANPRM was based.
After review of the results of the quantitative impact study and after 
further review and full consideration of public comments received on 
the ANPRM, the Federal Banking Agencies would plan to draft a notice of 
proposed rulemaking (NPRM) for implementation of this capital 
framework.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           08/04/03                    68 FR 45900
ANPRM Comment Period End        11/03/03
NPRM                            05/00/05

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

Karen Osterloh, Special Counsel, Department of the Treasury, Office of 
Thrift Supervision, 1700 G Street NW., Washington, DC 20552
Phone: 202 906-6639

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

Related RIN: Related to 1550-AB11
RIN: 1550-AB56
_______________________________________________________________________

2903. <bullet<ls-thn-eq> SECURITIES-RELATED ACTIVITIES OF SAVINGS 
ASSOCIATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 375b; 12 USC 1462; 12 USC 1462a; 12 USC 1463; 
12 USC 1464; 12 USC 1467a; 12 USC 1468; 12 USC 1817; 12 USC 1820; 12 
USC 1828; 12 USC 1831o; 12 USC 3806; 42 USC 4106; 44 USC 3501 et seq

CFR Citation: 12 CFR 506; 12 CFR 545; 12 CFR 559; 12 CFR 563

Legal Deadline: None

Abstract: OTS is proposing to reduce regulatory burden by updating and 
revising its rules on securities-related activities of savings 
associations. First, the proposed rule describes the existing authority 
of federal savings associations to engage in various securities broker, 
dealer, and underwriting activities under the Home Owners' Loan Act 
(HOLA). This description should reduce compliance burdens by making OTS 
positions regarding the permissibility of these activities readily 
available to all.
OTS is also updating the existing prohibition on the sale of debt and 
equity securities issued by a savings association or its affiliate at 
the offices of a savings association. This change will reduce burden on 
savings associations by adding new exceptions and by eliminating 
consumer protection rules that overlap, and in some cases conflict, 
with other agency guidance. Finally, the proposed rule would eliminate 
various obsolete OTS securities activity regulations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: Undetermined

Federalism:  Undetermined

Agency Contact: Judi McCormick, Manager, Consumer Protection and 
Fiduciary Activities, Department of the Treasury, Office of Thrift 
Supervision, 1700 G Street NW., Washington, DC 20552
Phone: 202 906-5636

Karen Osterloh, Special Counsel, Department of the Treasury, Office of 
Thrift Supervision, 1700 G Street NW., Washington, DC 20552
Phone: 202 906-6639

John P. Harootunian, Senior Counsel, Business Transactions Division, 
Department of the Treasury, Office of Thrift Supervision, 1700 G Street 
NW., Washington, DC 20552
Phone: 202 906-6415

RIN: 1550-AB92
_______________________________________________________________________

2904. <bullet<ls-thn-eq> IDENTITY THEFT DETECTION, PREVENTION, AND 
MITIGATION PROGRAM FOR FINANCIAL INSTITUTIONS AND CREDITORS

Priority: Substantive, Nonsignificant

Legal Authority: 15 USC 1681m

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: The banking agencies, NCUA, and FTC also plan to issue a 
proposed rule implementing section 114 of the FACT Act, which requires 
the agencies to develop guidelines for use in identifying patterns, 
practices, and specific forms of activity that indicate the possible 
existence of identity theft. The agencies are also required to issue 
regulations requiring each financial institution and creditor to 
establish reasonable policies and procedures to implement such 
guidelines. The regulations must contain a provision requiring a card 
issuer to notify the cardholder if the card issuer receives a notice of 
change of address for an existing account, and a short time later 
receives a request for an additional or replacement card.

[[Page 73735]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Federalism:  Undetermined

Agency Contact: Richard Bennett, Counsel (Banking and Finance), 
Regulations and Legislation Division, Department of the Treasury, 
Office of Thrift Supervision, 1700 G Street NW., Washington, DC 20552
Phone: 202 906-7409

Glenn S. Gimble, Senior Project Manager, Thrift Policy, Department of 
the Treasury, Office of Thrift Supervision, 1700 G Street NW., 
Washington, DC 20552
Phone: 202 906-7158

RIN: 1550-AB94
_______________________________________________________________________
Department of the Treasury (TREAS)                     Final Rule Stage
Office of Thrift Supervision (OTS)
_______________________________________________________________________

2905. PROPER DISPOSAL OF CONSUMER INFORMATION UNDER THE FAIR AND 
ACCURATE CREDIT TRANSACTIONS ACT OF 2003

Priority: Substantive, Nonsignificant

Legal Authority: 15 USC 1681s; 15 USC 1681w

CFR Citation: 12 CFR 568; 12 CFR 570; 12 CFR 571

Legal Deadline: Final, Statutory, December 4, 2004.
In accordance with section 216(a) of the Fair and Accurate Credit 
Transactions Act of 2003 (15 U.S.C. 1681w(a)(1)), the Federal banking 
agencies, NCUA, FTC, and SEC must each issue regulations requiring 
proper disposal of information derived from consumer reports, after 
consulting and coordinating with each other to promoteconsistency. The 
agencies must assure that the regs. are consistent with the Gramm-
Leach-Bliley Act and other Federal law. Final regs. must be issued by 
December 4, 2004.

Abstract: The Office of the Comptroller of the Currency, the Office of 
Thrift Supervision, the Federal Reserve Board, and the Federal Deposit 
Insurance Corporation (the Agencies) requested comment on a proposal to 
implement section 216 of the Fair and Accurate Credit Transactions Act 
of 2003 by amending the Interagency Guidelines Establishing Standards 
for Safeguarding Customer Information.
The Agencies will issue a final rule, which will require each financial 
institution to develop, implement, and maintain appropriate measures to 
properly dispose of consumer information derived from consumer reports 
to address the risks associated with identity theft. Each institution 
will be required to implement these measures as part of its information 
security program.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/08/04                    69 FR 31913
NPRM Comment Period End         07/23/04
Final Rule                      12/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Richard Bennett, Counsel (Banking and Finance), 
Regulations and Legislation Division, Department of the Treasury, 
Office of Thrift Supervision, 1700 G Street NW., Washington, DC 20552
Phone: 202 906-7409

Glenn S. Gimble, Senior Project Manager, Thrift Policy, Department of 
the Treasury, Office of Thrift Supervision, 1700 G Street NW., 
Washington, DC 20552
Phone: 202 906-7158

Lewis C. Angel, Senior Project Manager, Department of the Treasury, 
Office of Thrift Supervision, 1700 G Street NW., Washington, DC 20552
Phone: 202 906-5645

RIN: 1550-AB87
_______________________________________________________________________

2906. FAIR CREDIT REPORTING MEDICAL INFORMATION REGULATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 15 USC 1681b; 15 USC 1681s

CFR Citation: 12 CFR 571

Legal Deadline: Final, Statutory, June 4, 2004.
Creditors may not use a consumer's medical information to make credit 
determinations, except in accordance with the Fair and Accurate Credit 
Transactions Act of 2003 (FACT Act). In accordance with section 411 of 
the FACT Act (15 U.S.C. 1681b(g)(5)(A) and (g)(5)(B), the Federal 
banking agencies and the NCUA must, after notice and comment, issue 
regulations on necessary and appropriate access by creditors to medical 
information. Final regulations must be issued by June 4, 2004.

Abstract: The Office of the Comptroller of the Currency, Federal 
Reserve Board, Federal Deposit Insurance Corporation, Office of Thrift 
Supervision, and National Credit Union Administration published for 
comment proposed regulations implementing section 411 of the Fair and 
Accurate Credit Transactions Act of 2003 (FACT Act). The FACT Act 
substantially amends the Fair Credit Reporting Act (FCRA), 15 U.S.C. 
1681 et seq. Section 411(a) of the FACT Act adds a new section 
604(g)(1) to the FCRA to prohibit creditors from obtaining or using 
medical information pertaining to a consumer in connection with any 
determination of the consumer's eligility, or continued eligibility, 
for credit.
The Agencies received comments from approximately 40 entities (and 
individuals). Details of a final rule are being reconciled among the 
interagency members, as of September 2004.
In addition, section 411(b) of the FACT Act adds a new section 
603(d)(3) to the FCRA to restrict the sharing of medical information 
and related lists or descriptions with affiliates.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/28/04                    69 FR 23380
NPRM Comment Period End         05/28/04
Final Rule                      11/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

[[Page 73736]]

Government Levels Affected: Undetermined

Agency Contact: Cindy Baltierra, Program Analyst, Compliance Policy, 
Department of the Treasury, Office of Thrift Supervision, 1700 G Street 
NW., Washington, DC 20552
Phone: 202 906-6540

Richard Bennett, Counsel (Banking and Finance), Regulations and 
Legislation Division, Department of the Treasury, Office of Thrift 
Supervision, 1700 G Street NW., Washington, DC 20552
Phone: 202 906-7409

RIN: 1550-AB88
_______________________________________________________________________

2907. <bullet<ls-thn-eq> FAIR CREDIT REPORTING AFFILIATE MARKETING 
REGULATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1462a; 12 USC 1463; 12 USC 1464; 12 USC 1467a; 
12 USC 1828; 12 USC 1831p-1; 12 USC 1881 to 1884; 15 USC 1681b; 15 
USC.1681s; 15 USC 1681w; 15 USC 6801; 15 USC 6805(b)(1); PL 108-159, 
sec 214, 117 Stat 1952

CFR Citation: 12 CFR 571

Legal Deadline: Final, Statutory, September 4, 2004.
Section 214 of the FACT Act adds a new section 624 of the FCRA. This 
new provision gives consumers the right to restrict a person from using 
certain information about a consumer obtained from an affiliate to make 
solicitations to that consumer. That section also requires the 
Agencies, in consultation and coordination with each other, to issue 
regulations in final form implementing section 214 not later than 9 
months after the date of enactment. These rules must become effective 
not later tha.

Abstract: OCC, the Board, FDIC, OTS, and NCUA (Agencies) published for 
comment proposed regulations to implement the affiliate marketing 
provisions in section 214 of the Fair and Accurate Credit Transactions 
Act of 2003, which amends the Fair Credit Reporting Act. The proposed 
regulations generally prohibit a person from using information received 
from an affiliate to make a soliciation for marketing purposes to a 
consumer, unless the consumer is given notice and an opportunity and 
simple method to opt out of the making of such solicitations.
The comment period closed in August 2004 and comments are currently 
under review at the various agencies.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/15/04                    69 FR 42502
NPRM Comment Period End         08/16/04
Final Rule                      11/00/04

Regulatory Flexibility Analysis Required: Yes

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Cindy Baltierra, Program Analyst, Compliance Policy, 
Department of the Treasury, Office of Thrift Supervision, 1700 G Street 
NW., Washington, DC 20552
Phone: 202 906-6540

Richard Bennett, Counsel (Banking and Finance), Regulations and 
Legislation Division, Department of the Treasury, Office of Thrift 
Supervision, 1700 G Street NW., Washington, DC 20552
Phone: 202 906-7409

Related RIN: Related to 1550-AB33
RIN: 1550-AB90
_______________________________________________________________________

2908. <bullet<ls-thn-eq> EGRPRA REGULATORY REVIEW--APPLICATION AND 
REPORTING REQUIREMENTS

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 552; 5 USC 559; 12 USC 375b; 12 USC 1462; 12 USC 
1462a; 12 USC 1463; 12 USC 1464; 12 USC 1467a; 12 USC 1468; 12 USC 
1817; 12 USC 1820; 12 USC 1828; 12 USC 1828 note; 12 USC 1831i; 12 USC 
1831o; 12 USC 2810 et seq; 12 USC 2901 et seq; 12 USC 3806; 15 USC 
1691; 31 USC 5318; 42 USC 1981; 42 USC 1982; 42 USC 3601 to 3619; 42 
USC 4106; 44 USC 3501 et seq

CFR Citation: 12 CFR 506; 12 CFR 516; 12 CFR 528; 12 CFR 543; 12 CFR 
544; 12 CFR 545; 12 CFR 552; 12 CFR 559; 12 CFR 563; 12 CFR 567; 12 CFR 
574; 12 CFR 575

Legal Deadline: None

Abstract: As part of its review of regulations under section 2222 of 
the Economic Growth and Regulatory Paperwork Reduction Act of 1996 
(Pub. L. 104-208, September 30, 1996) (EGRPRA), OTS is reducing 
regulatory burden on savings associations by updating and revising 
various application and reporting requirements. Specifically, OTS is: 
(1) modifying the branch office and agency office application and 
notice requirements; (2) harmonizing publication and public comment 
procedures for various applications and notices; and (3) revising the 
meeting procedures. OTS is also eliminating various obsolete rules.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              01/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Josephine Battle, Program Analyst, Thrift Policy, 
Department of the Treasury, Office of Thrift Supervision, 1700 G Street 
NW., Washington, DC 20552
Phone: 202 906-6870

Don Dwyer, Director, Applications, Examinations and Supervision 
Operations, Department of the Treasury, Office of Thrift Supervision, 
1700 G Street NW., Washington, DC 20552
Phone: 202 906-6414

Karen Osterloh, Special Counsel, Department of the Treasury, Office of 
Thrift Supervision, 1700 G Street NW., Washington, DC 20552
Phone: 202 906-6639

Gary Jeffers, Senior Counsel, Business Transactions Division, 
Department of the Treasury, Office of Thrift Supervision, 1700 G Street 
NW., Washington, DC 20552
Phone: 202 906-6457

RIN: 1550-AB93

[[Page 73737]]

_______________________________________________________________________
Department of the Treasury (TREAS)                    Long-Term Actions
Office of Thrift Supervision (OTS)
_______________________________________________________________________

2909. COMMUNITY REINVESTMENT ACT

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 563e

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Joint ANPRM                     07/19/01                    66 FR 37602
Joint ANPRM Comment Period End  10/17/01
NPRM                            02/06/04                     69 FR 5729
NPRM Comment Period End         04/06/04
Final Rule                      08/18/04                    69 FR 51155
Final Rule Effective            10/01/04
Second NPRM                      To Be                       Determined

Regulatory Flexibility Analysis Required: No

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
_______________________________________________________________________

2910. <bullet<ls-thn-eq> COMMUNITY REINVESTMENT ACT REGULATIONS 
(GEOGRAPHIES)

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1462a; 12 USC 1463; 12 USC 1464; 12 USC 1467a; 
12 USC 1814; 12 USC 1816; 12 USC 1828(c); 12 USC 2901 to 2907

CFR Citation: 12 CFR 563e

Legal Deadline: None

Abstract: OCC, the Board, FDIC, and OTS published a joint interim rule 
with request for comment to conform their respective regulations 
implementing the Community Reinvestment Act (CRA) to changes in: the 
Standards for Defining Metropolitan and Micropolitan Statistical Areas 
published by the U.S. Office of Management and Budget (OMB) in December 
2000; census tracts designated by the U.S. Bureau of the Census 
(Census); and the Board's Regulation C, which implements the Home 
Mortgage Disclosure Act (HMDA).This joint interim rule did not make 
substantive changes in the requirements of the CRA regulations. This 
document was published as a joint interim rule because the changes made 
by OMB, Census, and the Board had already become effective. Further, 
financial institutions must use OMB's statistical area standards, 
Census' geographies, and the Board's Regulation C when adjusting 
assessment area delineations and collecting CRA loan data, beginning 
January 1, 2004.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              07/08/04                    69 FR 41181
Interim Final Rule Effective    07/08/04
Interim Final Rule Comment 
Period End                      09/07/04
Final Rule                       To Be                       Determined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Celeste Anderson, Program Analyst, Compliance Policy, 
Department of the Treasury, Office of Thrift Supervision, 1700 G Street 
NW., Washington, DC 20552
Phone: 202 906-7990

Theresa A. Stark, Project Manager, Compliance Policy, Department of the 
Treasury, Office of Thrift Supervision, 1700 G Street NW., Washington, 
DC 20552
Phone: 202 906-7054

Richard Bennett, Counsel (Banking and Finance), Regulations and 
Legislation Division, Department of the Treasury, Office of Thrift 
Supervision, 1700 G Street NW., Washington, DC 20552
Phone: 202 906-7409

RIN: 1550-AB91
_______________________________________________________________________
Department of the Treasury (TREAS)                    Completed Actions
Office of Thrift Supervision (OTS)
_______________________________________________________________________

2911. FAIR CREDIT REPORTING

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 571

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       01/30/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Cindy Baltierra
Phone: 202 906-6540

Related RIN: Related to 1550-AB90
RIN: 1550-AB33
_______________________________________________________________________

2912. RISK-BASED CAPITAL GUIDELINES; CAPITAL ADEQUACY GUIDELINES; 
CAPITAL MAINTENANCE: CONSOLIDATION OF ASSET-BACKED COMMERCIAL PAPER 
PROGRAMS AND OTHER RELATED ISSUES

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 567

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Second Interim Final Rule - 
Extension of Applicability Date 04/26/04                    69 FR 22382
Second Interim Final Rule 
Effective                       04/26/04
Final Rule                      07/28/04                    69 FR 44908
Final Rule Effective            09/30/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Christine Smith
Phone: 202 906-5740

Karen Osterloh
Phone: 202 906-6639

Related RIN: Merged with 1550-AB81
RIN: 1550-AB79

[[Page 73738]]

_______________________________________________________________________

2913. INTERAGENCY PROPOSAL TO CONSIDER ALTERNATIVE FORMS OF PRIVACY 
NOTICES UNDER THE GRAMM-LEACH-BLILEY ACT

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

CFR Citation: None

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn - No Further 
Participation Anticipated       06/12/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Undetermined

Federalism:  Undetermined

Agency Contact: Cindy Baltierra
Phone: 202 906-6540

RIN: 1550-AB86
[FR Doc. 04-25764 Filed 12-10-04; 8:45 am]
BILLING CODE 6720-01-S
