16856 Federal Register / Vol. 76, No. 58 / Friday, March 25, 2011 / Notices 

Request for Comments: Comments 

submitted in response to this notice will 

be summarized and/or included in the 

request for OMB approval. All 

comments will become a matter of 

public record. Comments are invited on: 

(a) Whether the collection of 

information is necessary for the proper 

performance of the functions of the 

agency, including whether the 

information shall have practical utility; 

(b) the accuracy of the agency’s estimate 

of the burden of the collection of 

information; (c) ways to enhance the 

quality, utility, and clarity of the 

information to be collected; (d) ways to 

minimize the burden of the collection of 

information on respondents, including 

through the use of automated collection 

techniques or other forms of information 

technology; and (e) estimates of capital 

or start-up costs and costs of operation, 

maintenance, and purchase of services 

to provide information. 

Approved: March 21, 2011. 

Yvette Lawrence, 

IRS Reports Clearance Officer. 

[FR Doc. 2011–6997 Filed 3–24–11; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

[REG–208156–91] 

Proposed Collection; Comment 

Request for Regulation Project 

AGENCY: Internal Revenue Service (IRS), 

Treasury. 

ACTION: Notice and request for 

comments. 

SUMMARY: The Department of the 

Treasury, as part of its continuing effort 

to reduce paperwork and respondent 

burden, invites the general public and 

other Federal agencies to take this 

opportunity to comment on proposed 

and/or continuing information 

collections, as required by the 

Paperwork Reduction Act of 1995, 

Public Law 104–13 (44 U.S.C. 

3506(c)(2)(A)). Currently, the IRS is 

soliciting comments concerning existing 

final regulations, REG–208156–91 (TD 

8929), Accounting for Long-Term 

Contracts (§ 1.460–1). 

DATES: Written comments should be 

received on or before May 24, 2011 to 

be assured of consideration. 

ADDRESSES: Direct all written comments 

to Yvette Lawrence, Internal Revenue 

Service, Room 6129, 1111 Constitution 

Avenue, NW., Washington, DC 20224. 

FOR FURTHER INFORMATION CONTACT: 

Requests for additional information or 

copies of the regulations should be 

directed to Ralph Terry at Internal 

Revenue Service, Room 6129, 1111 

Constitution Avenue, NW., Washington, 

DC 20224, or at (202) 622–8144, or 

through the Internet at 

Ralph.M.Terry@irs.gov. 

SUPPLEMENTARY INFORMATION: 

Title: Accounting for Long-Term 

Contracts. 

OMB Number: 1545–1650. 

Regulation Project Number: REG– 

208156–91. 

Abstract: The regulation requires the 

Commissioner to be notified of a 

taxpayer’s decision to sever or aggregate 

one or more long-term contracts under 

the regulations. The statement is needed 

so the Commissioner can determine 

whether the taxpayer properly severed 

or aggregated its contract(s). The 

regulations affect any taxpayer that 

manufactures or constructs property 

under long-term contracts. 

Current Actions: There are no changes 

to these existing regulations. 

Type of Review: Extension of s 

currently approved collection. 

Affected Public: Business or other forprofit organizations. 

Estimated Number of Respondents: 

50,000. 

Estimated Time per Respondent: 15 

minutes. 

Estimated Total Annual Burden 

Hours: 12,500. 

The following paragraph applies to all 

of the collections of information covered 

by this notice: 

An agency may not conduct or 

sponsor, and a person is not required to 

respond to, a collection of information 

unless the collection of information 

displays a valid OMB control number. 

Books or records relating to a collection 

of information must be retained as long 

as their contents may become material 

in the administration of any internal 

revenue law. Generally, tax returns and 

tax return information are confidential, 

as required by 26 U.S.C. 6103. 

Request for Comments: Comments 

submitted in response to this notice will 

be summarized and/or included in the 

request for OMB approval. All 

comments will become a matter of 

public record. Comments are invited on: 

(a) Whether the collection of 

information is necessary for the proper 

performance of the functions of the 

agency, including whether the 

information shall have practical utility; 

(b) the accuracy of the agency’s estimate 

of the burden of the collection of 

information; (c) ways to enhance the 

quality, utility, and clarity of the 

information to be collected; (d) ways to 

minimize the burden of the collection of 

information on respondents, including 

through the use of automated collection 

techniques or other forms of information 

technology; and (e) estimates of capital 

or start-up costs and costs of operation, 

maintenance, and purchase of services 

to provide information. 

Approved: March 21, 2011. 

Yvette Lawrence, 

IRS Reports Clearance Officer. 

[FR Doc. 2011–7111 Filed 3–24–11; 8:45 am] 

BILLING CODE 4830–01–P 

U.S.-CHINA ECONOMIC AND 

SECURITY REVIEW COMMISSION 

Notice of Open Public Hearing 

AGENCY: U.S.-China Economic and 

Security Review Commission. 

ACTION: Notice of open public hearing— 

March 30, 2011 Washington, DC. 

SUMMARY: Notice is hereby given of the 

following hearing of the U.S.-China 

Economic and Security Review 

Commission. 

Name: William A. Reinsch, Chairman 

of the U.S.-China Economic and 

Security Review Commission. 

The Commission is mandated by 

Congress to investigate, assess, and 

report to Congress annually on ‘‘the 

national security implications of the 

economic relationship between the 

United States and the People’s Republic 

of China.’’ 

Pursuant to this mandate, the 

Commission will hold a public hearing 

in Washington, DC on March 30, 2011, 

to address ‘‘Chinese State-Owned 

Enterprises and U.S.-China Bilateral 

Investment.’’ 

Background: This is the fourth public 

hearing the Commission will hold 

during its 2011 report cycle to collect 

input from leading academic, industry, 

and government experts on national 

security implications of the U.S. 

bilateral trade and economic 

relationship with China. The March 30 

hearing will examine the nature and 

activities of state-owned enterprises in 

the People’s Republic of China as well 

as the patterns and implications of 

bilateral investment between the United 

States and China. The March 30 hearing 

will be co-chaired by Vice Chairman 

Daniel Slane and Commissioner 

Michael Wessel. 

Any interested party may file a 

written statement by March 30, 2011, by 

mailing to the contact below. A portion 

of each panel will include a question 

and answer period between the 

Commissioners and the witnesses. 


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