18134 Federal Register / Vol. 76, No. 63 / Friday, April 1, 2011 / Proposed Rules 

j. In paragraph (b)(2)(i)(B)(4), by 

removing the word ‘‘shall’’ and adding in 

its place the word ‘‘will’’; 

k. In paragraph (b)(2)(i)(C), by 

removing the word ‘‘shall’’ and adding in 

its place the word ‘‘will’’; 

l. In paragraph (b)(2)(ii), by removing 

the word ‘‘shall’’ wherever it appears 

and adding in each place the word 

‘‘will’’; and 

m. In paragraph (c)(1), by removing 

the words ‘‘CBP Office of Finance, 

Indianapolis, Indiana’’ and adding in 

their place the language ‘‘CBP’s Revenue 

Division, Office of Administration’’. 

Alan Bersin, 

Commissioner, U.S. Customs and Border 

Protection. 

Approved: March 29, 2011, 

Timothy E. Skud, 

Deputy Assistant Secretary of the Treasury. 

[FR Doc. 2011–7815 Filed 3–31–11; 8:45 am] 

BILLING CODE 9111–14–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

26 CFR Part 301 

[REG–131151–10] 

RIN 1545–BJ89 

Rewards and Awards for Information 

Relating to Violations of Internal 

Revenue Laws; Hearing 

AGENCY: Internal Revenue Service (IRS), 

Treasury. 

ACTION: Notice of public hearing on 

proposed rulemaking. 

SUMMARY: This document provides 

notice of public hearing on a notice of 

proposed rulemaking relating to the 

payment of rewards under section 

7623(a) of the Internal Revenue Code 

and awards under section 7623(b). The 

guidance is necessary to clarify the 

definition of proceeds of amounts 

collected and collected proceeds under 

section 7623. This regulation provides 

needed guidance to the general public 

as well as officers and employees of the 

IRS who review claims under section 

7623. 

DATES: The public hearing is being held 

on Wednesday, May 11, 2011, at 10 a.m. 

The IRS must receive outlines of the 

topics to be discussed at the hearing by 

Tuesday, April 19, 2011. 

ADDRESSES: The public hearing is being 

held in the auditorium, Internal 

Revenue Building, 1111 Constitution 

Avenue, NW., Washington, DC. Send 

submissions to: CC: PA: LPD: PR (REG– 

131151–10), room 5203, Internal 

Revenue Service, P.O. Box 7604, Ben 

Franklin Station, Washington, DC 

20044. Submissions may be handdelivered Monday through Friday 

between the hours of 8 a.m. and 4 p.m. 

to CC: PA: LPD: PR (REG–131151–10), 

Courier’s Desk, Internal Revenue 

Service, 1111 Constitution Avenue, 

NW., Washington, DC. Alternatively, 

taxpayers may submit electronic 

outlines of oral comments via the 

Federal eRulemaking Portal at http:// 

www.regulations.gov. 

FOR FURTHER INFORMATION CONTACT: 

Concerning the proposed regulations, 

Kirsten N. Witter at (202) 927–0900; 

concerning submissions of comments, 

the hearing, and/or to be placed on the 

building access list to attend the 

hearing, Richard A. Hurst at 

Richard.A.Hurst@irscounsel.treas.gov or 

(202) 622–7180 (not toll-free numbers). 

SUPPLEMENTARY INFORMATION: The 

subject of the public hearing is the 

notice of proposed rulemaking (REG– 

131151–10) that was published in the 

Federal Register on Tuesday, January 

18, 2011 (76 FR 2852). 

Persons, who wish to present oral 

comments at the hearing that submitted 

written comments, must submit an 

outline of the topics to be discussed and 

the amount of time to be devoted to 

each topic (signed original and eight (8) 

copies) by Tuesday, April 19, 2011. 

A period of 10 minutes is allotted to 

each person for presenting oral 

comments. After the deadline for 

receiving outlines has passed, the IRS 

will prepare an agenda containing the 

schedule of speakers. Copies of the 

agenda will be made available, free of 

charge, at the hearing or in the Freedom 

of Information Reading Room (FOIA RR) 

(Room 1621) which is located at the 

11th and Pennsylvania Avenue, NW., 

entrance, 1111 Constitution Avenue, 

NW., Washington, DC. 

Because of access restrictions, the IRS 

will not admit visitors beyond the 

immediate entrance area more than 30 

minutes before the hearing starts. For 

information about having your name 

placed on the building access list to 

attend the hearing, see the FOR FURTHER

INFORMATION CONTACT section of this 

document. 

Guy R. Traynor, 

Acting Chief, Publications and Regulations 

Branch, Legal Processing Division, Associate 

Chief Counsel (Procedure and 

Administration). 

[FR Doc. 2011–7670 Filed 3–31–11; 8:45 am] 

BILLING CODE 4830–01–P 

PENSION BENEFIT GUARANTY 

CORPORATION 

29 CFR Chapter XL 

Reducing Regulatory Burden; Review 

Under E.O. 13563 

AGENCY: Pension Benefit Guaranty 

Corporation. 

ACTION: Request for comments. 

SUMMARY: The Pension Benefit Guaranty 

Corporation (PBGC) is reviewing its 

regulations in response to the 

President’s Executive Order 13563 on 

Improving Regulation and Regulatory 

Review. The purpose of this review is to 

make PBGC’s regulatory program both 

more effective and less burdensome. We 

are starting by identifying regulations 

for possible modification, streamlining, 

or repeal, which will be incorporated 

into a preliminary regulatory review 

plan. For now, we are asking the public 

for ideas and information—to suggest 

candidate regulations for review, 

alternative approaches, etc.—to help 

prepare the preliminary plan. There will 

be additional opportunities for public 

comment after the preliminary plan is 

developed and approved. 

DATES: PBGC requests that written 

comments and information on 

developing the preliminary plan be 

submitted by April 20, 2011. PBGC will 

take into consideration comments 

received after that date to the extent 

feasible. 

FOR FURTHER INFORMATION CONTACT: 

Catherine B. Klion, Manager, 

(klion.catherine@pbgc.gov), or Daniel S. 

Liebman, Attorney, 

(liebman.daniel@pbgc.gov), Regulatory 

and Policy Division, Legislative and 

Regulatory Department, Pension Benefit 

Guaranty Corporation, 1200 K Street, 

NW., Washington, DC 20005, 202–326– 

4024. (TTY/TDD users may call the 

Federal relay service toll-free at 1–800– 

877–8339 and ask to be connected to 

202–326–4024.) 

ADDRESSES: Comments, identified by 

‘‘Regulatory Review’’, may be submitted 

by any of the following methods: 

• Federal eRulemaking Portal: http:// 

www.regulations.gov. Follow the web 

site instructions for submitting 

comments. 

• E-mail: reg.comments@pbgc.gov. 

• Fax: 202–326–4224. 

• Mail or Hand Delivery: Legislative 

and Regulatory Department, Pension 

Benefit Guaranty Corporation, 1200 K 

Street, NW., Washington, DC 20005– 

4026. 

Comments received, including 

personal information provided, will be 

posted to http://www.pbgc.gov. Copies 


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of comments may also be obtained by 

writing to Disclosure Division, Office of 

the General Counsel, Pension Benefit 

Guaranty Corporation, 1200 K Street, 

NW., Washington DC 20005–4026, or 

calling 202–326–4040 during normal 

business hours. (TTY and TDD users 

may call the Federal relay service tollfree at 1–800–877–8339 and ask to be 

connected to 202–326–4040.) 

SUPPLEMENTARY INFORMATION: PBGC 

protects the pensions of about 44 

million people in about 29,000 private 

defined benefit plans. PBGC receives no 

funds from general tax revenues. 

Operations are financed by insurance 

premiums, investment income, assets 

from pension plans trusteed by PBGC, 

and recoveries from the companies 

formerly responsible for the trusteed 

plans. 

To carry out these functions, PBGC 

issues regulations interpreting such 

matters as the termination process for 

defined benefit plans, establishment of 

procedures for premium payments, 

reporting and disclosure, and 

assessment and collection of employer 

liability. Regulatory objectives and 

priorities are developed in the context 

of PBGC’s statutory purposes: 

• To encourage voluntary private 

pension plans; 

• To provide for the timely and 

uninterrupted payment of pension 

benefits; and 

• To keep premiums at the lowest 

possible levels. 

PBGC’s intent is to issue regulations 

that implement the law in ways that do 

not impede the maintenance of existing 

defined benefit plans or the 

establishment of new plans. PBGC 

attempts to minimize administrative 

burdens on plans and participants, 

improve transparency, simplify filing, 

provide relief for small businesses, and 

assist plans to comply with applicable 

requirements. PBGC is committed to 

issuing simple, understandable, and 

timely regulations to help affected 

parties. 

On January 18, 2011, the President 

issued Executive Order 13563, 

‘‘Improving Regulation and Regulatory 

Review,’’ to ensure that Federal 

regulations seek more affordable, less 

intrusive means to achieve policy goals, 

and that agencies give careful 

consideration to the benefits and costs 

of those regulations. Among other 

things, the Executive Order directed 

agencies to develop and submit a 

preliminary plan within 120 days that 

will explain how they will periodically 

review existing significant regulations to 

identify any regulations that can be 

made more effective or less burdensome 

in achieving regulatory objectives. In the 

spirit of the Executive Order, PBGC is 

applying the retrospective review to all 

of PBGC’s existing regulations (not only 

significant regulations). 

PBGC is taking several immediate 

steps to launch this review of existing 

regulatory requirements. Consistent 

with its commitment to public 

participation, PBGC is soliciting views 

from the public on how best to conduct 

its analysis of existing PBGC regulations 

and how best to identify those 

regulations that might be modified, 

streamlined, expanded or repealed. 

PBGC promulgates regulations in 

accordance with applicable laws and 

based on best available information, 

analyses of different alternatives for 

agency action, and public participation 

and input. However, important 

information as to the consequences of a 

regulation, including its costs and 

benefits, comes from practical, realworld experience (both on the part of 

the public and on the part of the agency) 

after the regulation has been 

implemented. Regulated entities and 

members of the public affected by or 

interested in PBGC’s regulations are 

likely to have useful information and 

perspectives on the benefits and 

burdens of existing regulatory 

requirements in light of experience 

since the regulations were issued. 

Interested parties may also be wellpositioned to identify those rules that 

are most in need of review. PBGC would 

find such input helpful as it considers 

how to prioritize and properly tailor its 

retrospective review process for PBGC’s 

regulations. In short, engaging the 

public in an open, transparent process 

is a crucial step in PBGC’s review of its 

existing regulations. 

Although PBGC expects to eliminate 

regulations that are no longer warranted, 

PBGC will also consider strengthening, 

complementing, or modernizing 

regulations where necessary or 

appropriate—including, as relevant, 

undertaking new rulemakings. PBGC 

reminds the public that this review is 

for existing regulations and not 

proposed regulations and asks the 

public not to use this process to submit 

comments on proposed rules. 

PBGC intends for its preliminary plan 

to include an initial list of candidate 

regulations for retrospective review. 

Questions for the Public 

Below is a list of preliminary 

questions, the answers to which will 

assist PBGC in its efforts to develop a 

preliminary plan for the retrospective 

review of its existing regulations and to 

identify those regulations that may 

benefit from a retrospective review. In 

addressing these questions, commenters 

should identify, with specificity, the 

regulation at issue, providing the Code 

of Federal Regulation (CFR) cite where 

available. PBGC also requests that 

commenters provide, in as much detail 

as possible, an explanation why they 

believe a regulation should be modified, 

streamlined, expanded, or repealed, as 

well as specific suggestions of ways 

PBGC can better achieve its regulatory 

objectives. Particularly where comments 

relate to a rule’s costs or benefits, 

comments will be most useful if there 

are data and experience under the rule 

available to ascertain the rule’s actual 

impact. Commenters might also address 

how PBGC can best obtain and consider 

accurate, objective information and data 

about the costs, burdens, and benefits of 

existing regulations and whether there 

are existing sources of data that PBGC 

can use to evaluate the effects of its 

regulations over time. 

PBGC encourages the public to 

emphasize those rules that have been in 

effect for a sufficient amount of time to 

warrant a fair evaluation. 

In providing comments, please keep 

these key considerations in mind: 

• Retrospective review does not allow 

PBGC to contravene requirements of its 

various statutory mandates. In addition, 

where PBGC’s discretion has been 

limited by law, PBGC’s ability to 

modify, streamline, expand, or repeal 

regulations is similarly constrained. 

• PBGC’s plan will be tailored to 

reflect PBGC’s resources, rulemaking 

history, and the volume of regulations at 

issue. 

These questions are not intended to 

be exhaustive. Commenters may raise 

other issues or make suggestions 

unrelated to these questions that they 

believe would help PBGC develop better 

regulations. 

(1) How can PBGC identify those rules 

that can and should be changed, 

streamlined, consolidated, or removed? 

What factors should PBGC consider in 

selecting and prioritizing rules for 

review? PBGC encourages those 

submitting comments to include a 

proposed process under which such a 

review could be regularly undertaken. 

(2) Does PBGC have rules or guidance 

that are duplicative or that have 

conflicting requirements with other 

agencies? Does PBGC currently collect 

information that it does not need or use 

effectively to achieve regulatory 

objectives? 

(3) Are there regulations that have 

become unnecessary and can be 

withdrawn without impairing PBGC’s 

regulatory programs? 


jlentini on DSKJ8SOYB1PROD with PROPOSALS
18136 Federal Register / Vol. 76, No. 63 / Friday, April 1, 2011 / Proposed Rules 

(4) Are there rules that are ineffective 

and if so, how can they be made 

effective? 

(5) Are there rules that are not tailored 

to impose the least burden on the 

public? What are some suggestions that 

PBGC can use to reduce the burden on 

such rules as well as suggestions that 

generally assure that PBGC’s regulations 

promote and achieve its mission in 

ways that are efficient and less 

burdensome? 

(6) Are there rules that have become 

outdated and, if so, how can they be 

modernized to better accomplish their 

regulatory objectives? 

(7) Are there rules that are still 

necessary, but which have not operated 

as well as expected such that a 

modified, stronger, or slightly different 

approach is justified? 

(8) Are there regulations, or regulatory 

processes that are unnecessarily 

complicated or could be streamlined to 

achieve regulatory objectives more 

efficiently? 

(9) Are there any technological 

developments that can be leveraged to 

modify, streamline, or repeal any 

existing regulatory requirements? 

(10) How can PBGC best obtain and 

consider accurate, objective information 

and data about the costs, burdens, and 

benefits of existing regulations? Are 

there existing sources of data PBGC can 

use to evaluate the effects of regulations 

over time? 

(11) Are there regulations that are 

working well that can be expanded or 

used as a model to fill gaps in other 

PBGC regulatory programs? 

PBGC notes that this Request for 

Comment is issued solely for 

information and program-planning 

purposes. The agency will give careful 

consideration to the responses, and may 

use them as appropriate during the 

retrospective review, but does not 

anticipate providing a response to each 

comment submitted. However, all 

submissions will be made publically 

available on http://www.regulations.gov. 

Responses to this Request for Comment 

do not bind PBGC to any further actions 

related to the response. 

Issued in Washington, DC, on this 29th day 

of March 2011. 

Joshua Gotbaum, 

Director, Pension Benefit Guaranty 

Corporation. 

[FR Doc. 2011–7805 Filed 3–31–11; 8:45 am] 

BILLING CODE 7709–01–P 

ENVIRONMENTAL PROTECTION 

AGENCY 

40 CFR Part 300 

[EPA–HQ–SFUND–1986–0005; FRL–9289–1] 

National Oil and Hazardous 

Substances Pollution Contingency 

Plan; National Priorities List: Deletion 

of the Norwood PCBs Superfund Site 

AGENCY: Environmental Protection 

Agency. 

ACTION: Proposed rule; notice of intent. 

SUMMARY: The Environmental Protection 

Agency (EPA) Region 1 is issuing a 

Notice of Intent to Delete the Norwood 

PCBs Superfund Site (Site) located in 

Norwood, Massachusetts, from the 

National Priorities List (NPL) and 

requests public comments on this 

proposed action. The NPL, promulgated 

pursuant to Section 105 of the 

Comprehensive Environmental 

Response, Compensation, and Liability 

Act (CERCLA) of 1980, as amended, is 

an appendix of the National Oil and 

Hazardous Substances Pollution 

Contingency Plan (NCP). The EPA and 

the Commonwealth of Massachusetts, 

through the Massachusetts Department 

of Environmental Protection (MassDEP), 

have determined that all appropriate 

response actions under CERCLA, other 

than operation, maintenance, and fiveyear reviews, have been completed. 

However, this deletion does not 

preclude future actions under CERCLA. 

DATES: Comments must be received by 

May 2, 2011. 

ADDRESSES: Submit your comments, 

identified by Docket ID No. EPA–HQ– 

SFUND–1986–0005, by one of the 

following methods: 

• http://www.regulations.gov. Follow 

on-line instructions for submitting 

comments. 

• E-mail: Keefe.daniel@epa.gov 

• Fax: 1–617–918–0327 

• Mail: Daniel Keefe, U.S. EPA 

Remedial Project Manager, 5 Post Office 

Square (OSRR07–1), Boston, MA 02109– 

3912 

• Hand delivery: to the following 

address: Daniel Keefe, 5 Post Office 

Square (OSRR07–1), Boston, MA 02109. 

Such deliveries are only accepted 

during the EPA’s normal hours of 

operation (9 a.m. to 5 p.m.), and special 

arrangements should be made for 

deliveries of boxed information. 

Instructions: Direct your comments to 

Docket ID no. EPA–HQ–SFUND–1986– 

0005. EPA’s policy is that all comments 

received will be included in the public 

docket without change and may be 

made available online at http:// 

www.regulations.gov, including any 

personal information provided, unless 

the comment includes information 

claimed to be Confidential Business 

Information (CBI) or other information 

whose disclosure is restricted by statute. 

Do not submit information that you 

consider to be CBI or otherwise 

protected through http:// 

www.regulations.gov or e-mail. The 

http://www.regulations.gov web site is 

an ‘‘anonymous access’’ system, which 

means EPA will not know your identity 

or contact information unless you 

provide it in the body of your comment. 

If you send an e-mail comment directly 

to EPA without going through http:// 

www.regulations.gov, your e-mail 

address will be automatically captured 

and included as part of the comment 

that is placed in the public docket and 

made available on the Internet. If you 

submit an electronic comment, EPA 

recommends that you include your 

name and other contact information in 

the body of your comment and with any 

disk or CD–ROM you submit. If EPA 

cannot read your comment due to 

technical difficulties and cannot contact 

you for clarification, EPA may not be 

able to consider your comment. 

Electronic files should avoid the use of 

special characters, any form of 

encryption, and be free of any defects or 

viruses. 

Docket 

All documents in the docket are listed 

in the http://www.regulations.gov index. 

Although listed in the index, some 

information is not publicly available, 

e.g., CBI or other information whose 

disclosure is restricted by statue. Certain 

other material, such as copyrighted 

material, will be publicly available only 

in the hard copy. Publicly available 

docket materials are available either 

electronically in http:// 

www.regulations.gov or in hard copy at: 

EPA Region 1 Record Center, 5 Post 

Office Square, Boston, MA 02109, 

Phone: 1–617–918–1440, Hours: 

Mon–Fri 8 a.m. to 5 p.m. 

Norwood Morrill Memorial Library, 33 

Walpole Street, Norwood, MA, Phone: 

781–769–0200, Hours: Mon–Thurs 

9 a.m. to 9 p.m.; Friday 10 a.m. to 

5 p.m.; Saturday 9 a.m. to 5 p.m.; 

Sunday 2 a.m. to 5 p.m. 

FOR FURTHER INFORMATION CONTACT: 

Daniel Keefe, Remedial Project Manager, 

U.S. Environmental Protection Agency, 

Region 1, 5 Post Office Square 

(OSRR07–1), Boston, MA 02109–3912, 

(617) 918–1327, or at 

keefe.daniel@epa.gov. 

SUPPLEMENTARY INFORMATION: In the 

‘‘Rules and Regulations’’ Section of 


jlentini on DSKJ8SOYB1PROD with PROPOSALS