7184 Federal Register / Vol. 86, No. 15 / Tuesday, January 26, 2021 / Notices 

PRAMain. Find this particular 

information collection by selecting 

‘‘Currently under 30-day Review—Open 

for Public Comments’’ or by using the 

search function. 

FOR FURTHER INFORMATION CONTACT: 

Copies of the submissions may be 

obtained from Molly Stasko by emailing 

PRA@treasury.gov, calling (202) 622– 

8922, or viewing the entire information 

collection request at www.reginfo.gov. 

SUPPLEMENTARY INFORMATION: 

Financial Crimes Enforcement Network 

(FinCEN) 

Title: Reports of foreign financial 

accounts (31 CFR 1010.350), records to 

be made and retained by persons having 

financial interests in foreign financial 

accounts (31 CFR 1010.420), filing of 

reports (31 CFR 1010.306(c)), and 

FinCEN Report 114—Report of Foreign 

Bank and Financial Accounts (FBAR). 

OMB Control Number: 1506–0009. 

Type of Review: The legislative 

framework generally referred to as the 

Bank Secrecy Act (BSA) consists of the 

Currency and Financial Transactions 

Reporting Act of 1970, as amended by 

the Uniting and Strengthening America 

by Providing Appropriate Tools 

Required to Intercept and Obstruct 

Terrorism Act of 2001 (USA PATRIOT 

Act) (Pub. L. 107–56) and other 

legislation. The BSA is codified at 12 

U.S.C. 1829b, 12 U.S.C. 1951–1959, 31 

U.S.C. 5311–5314 and 5316–5332, and 

notes thereto, with implementing 

regulations at 31 CFR chapter X. 

The BSA authorizes the Secretary of 

the Treasury, inter alia, to require 

financial institutions to keep records 

and file reports that are determined to 

have a high degree of usefulness in 

criminal, tax, and regulatory matters, or 

in the conduct of intelligence or 

counter-intelligence activities to protect 

against international terrorism, and to 

implement anti-money laundering 

programs and compliance procedures. 

Regulations implementing the BSA 

appear at 31 CFR chapter X. The 

authority of the Secretary to administer 

the BSA has been delegated to the 

Director of FinCEN. 

Under 31 U.S.C. 5314, the Secretary is 

authorized to require any ‘‘resident or 

citizen of the United States or a person 

in, and doing business in, the United 

States, to . . . keep records and file 

reports, when the resident, citizen, or 

person makes a transaction or maintains 

a relation for any person with a foreign 

financial agency.’’ The term ‘‘foreign 

financial agency’’ encompasses the 

activities found in the statutory 

definition of ‘‘financial 

agency,’’ notably, ‘‘a person acting for a 

person as a financial institution, bailee, 

depository trustee, or agent, or acting in 

a similar way related to money, credit, 

securities, gold, or a transaction in 

money, credit, securities, or gold.’’ The 

Secretary is also authorized to prescribe 

exemptions to the reporting requirement 

and to prescribe other matters the 

Secretary considers necessary to carry 

out 31 U.S.C. 5314. 

The regulations implementing 31 

U.S.C. 5314 appear at 31 CFR 1010.350, 

1010.306, and 1010.420. Section 

1010.350 generally requires each U.S. 

person having a financial interest in, or 

signature or other authority over, a 

bank, securities, or other financial 

account in a foreign country to report 

such relationship to the Commissioner 

of Internal Revenue for each year such 

relationship exists, and to provide and 

report such information specified in a 

reporting form prescribed under 31 

U.S.C. 5314. The FinCEN Report 114, 

Report of Foreign Bank and Financial 

Accounts (FBAR), is used to file the 

information required by this section. 

The FBAR must be filed electronically 

with FinCEN and can be completed by 

accessing FinCEN’s BSA E-filing System 

website: http://

bsaefiling.fincen.treas.gov/main.html. 

31 CFR 1010.306(c) requires the FBAR 

to be filed for foreign financial accounts 

exceeding $10,000 maintained during 

the previous calendar year. No FBAR is 

required to be filed if the aggregate 

account value of foreign financial 

accounts maintained during the 

previous calendar year is below 

$10,000. The FBAR must be filed on or 

before April 15 of each calendar year for 

accounts maintained during the 

previous calendar year. 31 CFR 

1010.420 outlines the recordkeeping 

requirements associated with foreign 

financial accounts required to be 

reported under section 1010.350. 

Specifically, filers must retain records of 

such accounts for a period of five years 

and make the records available for 

inspection as authorized by law. 

Form: FinCEN Report 114—FBAR. 

Affected Public: Individuals or 

Households, Businesses or other forprofit institutions; Not-for-profit 

institutions. 

Estimated Number of Respondents: 

1,273,579. 

Frequency of Response: Annually. 

Estimated Total Number of Annual 

Responses: 1,273,579. 

Estimated Time per Response: 1 hour. 

Estimated Total Annual Burden 

Hours: 1,273,579 hours. 

Authority: 44 U.S.C. 3501 et seq. 

Dated: January 21, 2021. 

Molly Stasko, 

Treasury PRA Clearance Officer. 

[FR Doc. 2021–01694 Filed 1–25–21; 8:45 am] 

BILLING CODE 4810–02–P 

DEPARTMENT OF THE TREASURY 

Agency Information Collection 

Activities; Submission for OMB 

Review; Comment Request; 

Measurement of Assets and Liabilities 

for Pension Funding Purposes 

AGENCY: Departmental Offices, U.S. 

Department of the Treasury. 

ACTION: Notice. 

SUMMARY: The Department of the 

Treasury will submit the following 

information collection requests to the 

Office of Management and Budget 

(OMB) for review and clearance in 

accordance with the Paperwork 

Reduction Act of 1995, on or after the 

date of publication of this notice. The 

public is invited to submit comments on 

these requests. 

DATES: Comments must be received on 

or before February 25, 2021. 

ADDRESSES: Written comments and 

recommendations for the proposed 

information collection should be sent 

within 30 days of publication of this 

notice to www.reginfo.gov/public/do/ 

PRAMain. Find this particular 

information collection by selecting 

‘‘Currently under 30-day Review—Open 

for Public Comments’’ or by using the 

search function. 

FOR FURTHER INFORMATION CONTACT: 

Copies of the submissions may be 

obtained from Molly Stasko by emailing 

PRA@treasury.gov, calling (202) 622– 

8922, or viewing the entire information 

collection request at www.reginfo.gov. 

SUPPLEMENTARY INFORMATION: 

Internal Revenue Service (IRS) 

Title: Measurement of Assets and 

Liabilities for Pension Funding 

Purposes. 

OMB Control Number: 1545–2095. 

Type of Review: Revision of a 

currently approved collection. 

Description: In order to implement the 

statutory provisions under sections 430 

and 436, this regulation contains 

collections of information in 

§§ 1.430(f)–1(f), 1.430(h)(2)–1(e), 1.436– 

1(f), and 1.436–1(h). The information 

required under § 1.430(f)–1(f) is 

required in order for plan sponsors to 

make elections regarding a plan’s credit 

balances upon occasion. The 

information under § 1.430(g)–1(d)(3) is 

required in order for a plan sponsor to 

include as a plan asset a contribution 

Federal Register / Vol. 86, No. 15 / Tuesday, January 26, 2021 / Notices 7185 

made to avoid a restriction under 

section 436. The information required 

under § 1.430(h)(2)–1(e) is required in 

order for a plan sponsor to make an 

election to use an alternative interest 

rate for purposes of determining a plan’s 

funding obligations under § 1.430(h)(2)– 

1. The information required under 

§§ 1.436–1(f) and 1.436–1(h) is required 

in order for a qualified defined benefit 

plan’s enrolled actuary to provide a 

timely certification of the plan’s 

adjusted funding target attainment 

percentage (AFTAP) for each plan year 

to avoid certain benefit restrictions. 

The Highway and Transportation 

Funding Act of 2014 (HATFA), Public 

Law 113–159, was enacted on August 8, 

2014, and was effective retroactively for 

single employer defined benefit pension 

plans, optional for plan years beginning 

in 2013 and mandatory for plan years 

beginning in 2014. 

Section 3608(b) of the Coronavirus 

Aid, Relief, and Economic Security Act 

(CARES Act), Public Law 116–136 

provides that for purposes of applying 

§ 436 of the Code (and § 206(g) of 

ERISA), a sponsor of a single-employer 

defined benefit pension plan may elect 

to treat the plan’s adjusted funding 

target attainment percentage (AFTAP) 

for the last plan year ending before 

January 1, 2020, as the AFTAP for plan 

years that include calendar year 2020. 

Notice 2020–61, in part, provides 

guidance on the rules relating to this 

election. 

Section 115(a) of the Setting Every 

Community Up for Retirement 

Enhancement Act of 2019 (SECURE 

Act), Division O of the Further 

Consolidated Appropriations Act, 2020, 

Public Law 116–94, added new 

§ 430(m) to the Code to permit the plan 

sponsor of a community newspaper 

plan under which no participant has 

had an increase in accrued benefit after 

December 31, 2017 to elect to have 

alternative minimum funding standards 

apply to the plan in lieu of the 

minimum funding requirements that 

would otherwise apply under § 430. 

Pursuant to § 430(m)(2), any election 

under § 430(m) will be made at such 

time and in such manner as prescribed 

by the Secretary, and once an election 

is made with respect to a plan year, it 

will apply to all subsequent plan years 

unless revoked with the consent of the 

Secretary. Notice 2020–60 provides 

guidance regarding this election. 

Regulation Project Number: REG– 

139236–07 (TD 9467). 

Affected Public: Individuals or 

Households; Businesses or other forprofit organizations; Not-for profit 

institutions; and Federal, State, Local, or 

Tribal governments. 

Estimated Number of Respondents: 

81,020. 

Frequency of Response: On Occasion. 

Estimated Total Number of Annual 

Responses: 81,020. 

Estimated Time per Response: 1.5 

hour for TD 9467, 1 hour for Notice 

2020–61, 4 hours for Notice 2020–60. 

Estimated Total Annual Burden 

Hours: 121,080 hours. 

(Authority: 44 U.S.C. 3501 et seq.) 

Dated: January 21, 2021. 

Molly Stasko, 

Treasury PRA Clearance Officer. 

[FR Doc. 2021–01684 Filed 1–25–21; 8:45 am] 

BILLING CODE 4830–01–P 

UNIFIED CARRIER REGISTRATION 

PLAN 

Sunshine Act Meeting Notice; Unified 

Carrier Registration Plan Board of 

Directors Meeting 

TIME AND DATE: January 28, 2021, from 

Noon to 3:00 p.m., Eastern time. 

PLACE: This meeting will be accessible 

via conference call and screen sharing. 

Any interested person may call 877– 

853–5247 (US toll free), 888–788–0099 

(US toll free), +1 929–205–6099 (US 

toll), or +1 669–900–6833 (US toll), 

Conference ID 981 5574 7617, to 

participate in the meeting. 

STATUS: This meeting will be open to the 

public. 

MATTERS TO BE CONSIDERED: The Unified 

Carrier Registration Plan Board of 

Directors (the ‘‘Board’’) will continue its 

work in developing and implementing 

the Unified Carrier Registration Plan 

and Agreement. The subject matter of 

the meeting will include: 

Agenda 

I. Welcome and Call to Order—UCR 

Board Chair 

The UCR Board Chair will welcome 

attendees, call the meeting to order, call 

roll for the Board, confirm the presence 

of a quorum, and facilitate selfintroductions. 

II. Verification of Meeting Notice—UCR 

Executive Director 

The UCR Executive Director will 

verify publication of the meeting notice 

on the UCR website and distribution to 

the UCR contact list via email followed 

by subsequent publication of the notice 

in the Federal Register. 

III. Review and Approval of Board 

Agenda—UCR Board Chair 

For Discussion and Possible Action. 

Agenda will be reviewed and the 

Board will consider adoption. 

Ground Rules 

➢ Board actions taken only in 

designated areas on agenda 

IV. Approval of Minutes of the 

December 10, 2020 UCR Board 

Meeting—UCR Board Chair 

For Discussion and Possible Action. 

Draft Minutes of the December 10, 

2020 UCR Board meeting will be 

reviewed. The Board will consider 

action to approve. 

V. Re-Appointment and Appointment of 

UCR Board Members—UCR Board Chair 

and UCR Executive Director 

For Discussion and Possible Action. 

There are five members of the UCR 

Board of Directors whose terms expire 

on May 31, 2021. Four of these Directors 

have requested re-appointment for 

additional three-year terms. The 

remaining Director is willing to 

continue to serve until a successor is 

appointed. In addition, one Director 

from among the chief administrative 

officers of the state agencies responsible 

for overseeing administration of the 

UCR Agreement who is from the Federal 

Motor Carrier Service Administration’s 

Midwestern service area has tendered 

her resignation from the UCR Board 

effective February 19, 2021. The UCR 

Board will discuss re-appointments and 

appointments to the UCR Board for 

these positions and may take action to 

approve candidates for recommendation 

to the United States Department of 

Transportation. 

VI. Update on UCR Meeting Schedule 

for 2021—UCR Executive Director 

The UCR Executive Director will 

provide an update on the scheduled 

Board and Subcommittee meetings for 

2021. 

VII. Report of FMCSA—FMCSA 

Representative 

The Federal Motor Carrier Safety 

Administration (FMCSA) will provide a 

report on any relevant activity. 

VIII. Updates Concerning UCR 

Legislation—UCR Board Chair 

The UCR Board Chair will call for any 

updates regarding UCR legislation since 

the last Board meeting. 

IX. Chief Legal Officer Report—UCR 

Chief Legal Officer 

The UCR Chief Legal Officer will 

provide an update on the status of the 

March 2019 data event, the Twelve 

Percent Logistics litigation, cease and 

desist letters sent to third party 

permitting service providers, and other 

matters.