12886 Federal Register / Vol. 86, No. 42 / Friday, March 5, 2021 / Proposed Rules 

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List of Subjects in 18 CFR Part 284 

Natural gas. 

By direction of the Commission. 

Issued: February 18, 2021. 

Kimberly D. Bose, 

Secretary. 

In consideration of the foregoing, we 

propose to amend part 284, chapter I, 

title 18, Code of Federal Regulations, as 

follows. 

PART 284—CERTAIN SALES AND 

TRANSPORTATION OF NATURAL GAS 

UNDER THE NATURAL GAS POLICY 

ACT OF 1978 AND RELATED 

AUTHORITIES 

■ 1. The authority citation for part 284 

continues to read as follows: 

Authority: 15 U.S.C. 717–717z, 3301– 

3432; 42 U.S.C. 7101–7352; 43 U.S.C. 1331– 

1356. 

■ 2. In § 284.12, revise paragraphs (a)(1) 

and (2) to read as follows: 

§ 284.12 Standards for pipeline business 

operations and communications. 

(a) Incorporation by reference of 

NAESB standards. (1) An interstate 

pipeline that transports gas under 

subparts B or G of this part must comply 

with the business practices and 

electronic communications standards as 

promulgated by the North American 

Energy Standards Board, as 

incorporated by reference in paragraphs 

(a)(1)(i) through (vii) of this section. 

(i) Additional Standards (Version 3.2, 

August 15, 2020); 

(ii) Nominations Related Standards 

(Version 3.2, August 15, 2020); 

(iii) Flowing Gas Related Standards 

(Version 3.2, August 15, 2020); 

(iv) Invoicing Related Standards 

(Version 3.2, August 15, 2020); 

(v) Quadrant Electronic Delivery 

Mechanism Related Standards (Version 

3.2, August 15, 2020); 

(vi) Capacity Release Related 

Standards (Version 3.2, August 15, 

2020); and 

(vii) internet Electronic Transport 

Related Standards (Version 3.2, August 

15, 2020). 

(2) This incorporation by reference 

was approved by the Director of the 

Federal Register in accordance with 5 

U.S.C. 552(a) and 1 CFR part 51. Copies 

of these standards may be obtained from 

the North American Energy Standards 

Board, 801 Travis Street, Suite 1675, 

Houston, TX 77002, Phone: (713) 356– 

0060. NAESB’s website is at https://

www.naesb.org/. Copies may be 

inspected at the Federal Energy 

Regulatory Commission, Public 

Reference Room, 888 First Street NE, 

Washington, DC 20426, Phone: (202) 

502–8371, https://www.ferc.gov/, or at 

the National Archives and Records 

Administration (NARA). For 

information on the availability of this 

material at NARA, email fedreg.legal@

nara.gov, or go to: https://

www.archives.gov/federal-register/cfr/ 

ibr-locations.html. 

[FR Doc. 2021–03797 Filed 3–4–21; 8:45 am] 

BILLING CODE 6717–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

26 CFR Part 1 

[REG–111950–20] 

RIN 1545–BP91 

Guidance on Passive Foreign 

Investment Companies and the 

Treatment of Qualified Improvement 

Property Under the Alternative 

Depreciation System for Purposes of 

Sections 250(b) and 951A(d); 

Correction 

AGENCY: Internal Revenue Service (IRS), 

Treasury. 

ACTION: Correction to a notice of 

proposed rulemaking. 

SUMMARY: This document contains a 

correction to a notice of proposed 

rulemaking (REG–111950–20) that was 

published in the Federal Register on 

January 15, 2021. The proposed 

regulations regarding the determination 

of whether a foreign corporation is 

treated as a passive foreign investment 

company (‘‘PFIC’’) for purposes of the 

Internal Revenue Code (‘‘Code’’). 

DATES: Written or electronic comments 

and requests for a public hearing are 

still being accepted and must be 

received by April 14, 2021. 

ADDRESSES: Send submissions to 

Internal Revenue Service, CC: PA: LPD: 

PR (REG–111950–20), Room 5205, P.O. 

Box 7604, Ben Franklin Station, 

Washington, DC 20044. Alternatively, 

persons may submit comments 

electronically via the Federal 

eRulemaking Portal at http://

www.regulations.gov (IRS REG–111950– 

20). 

FOR FURTHER INFORMATION CONTACT: 

Concerning proposed regulations 

§§ 1.250(b)–1(b)(2) and 1.250(b)–2(e)(2), 

Lorraine Rodriguez, (202) 317–6726; 

concerning proposed regulations 

§ 1.951A–3(e)(2), Jorge M. Oben and 

Larry R. Pounders, (202) 317–6934; 

concerning proposed regulations 

§§ 1.1297–0 through 1.1297–2, 1.1298–0 

and 1.1298–4, Christina G. Daniels at 

(202) 317–6934; concerning proposed 

regulations §§ 1.1297–4 through 1.1297– 

6 (the PFIC insurance exception), 

Josephine Firehock at (202) 317–4932; 

concerning submissions of comments 

and requests for a public hearing, 

Regina L. Johnson at (202) 317–5177 

(not toll-free numbers) or by sending an 

email to publichearings@irs.gov 

(preferred). 

SUPPLEMENTARY INFORMATION: 

Background 

The proposed regulations that are the 

subject of this correction are under 

sections 1297 and 1298 of the Internal 

Revenue Code. 

Need for Correction 

As published, the notice of proposed 

regulations REG–111950–20 contains 

errors that needs to be corrected. 

Correction of Publication 

Accordingly, the notice of proposed 

rulemaking (REG–111950–20) that was 

the subject of FR Doc. 2020–27003, 

published at 86 FR 4582 (January 15, 

2021), is corrected to read as follows: 

1. On page 4589, the first column, the 

twelfth line from the bottom of the last 

full paragraph, the language 

‘‘corporation)’’ is corrected to read 

‘‘corporation’’). 

2. On page 4592, the second column, 

the tenth line from the top of the first 

partial paragraph, the language 

‘‘interests’’ is corrected to read 

‘‘interests,’’. 

§ 1.1297–1 [Corrected] 

■ 3. On page 4603, the first column, in 

§ 1.1297–1, the second line and fourth 

line from the bottom of paragraph 

(c)(2)(ii)(A), the language ‘‘(I)’’ is 

corrected to read‘‘(1); and ‘‘(II)’’ is 

corrected to read ‘‘(2)’’. 

§ 1.1297–4 [Corrected] 

■ 4. On page 4605, the third column, in 

§ 1.1297–4, the second line from the 

bottom of paragraph (f)(6)(i), the 

language ‘‘statement’’ is corrected to 

read ‘‘statement,’’. 


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Federal Register / Vol. 86, No. 42 / Friday, March 5, 2021 / Proposed Rules 12887 

■ 5. On page 4605, the third column, in 

§ 1.1297–4, the seventh line from the 

bottom of paragraph (f)(6)(ii), the 

language ‘‘IFRS’’ is corrected to read 

‘‘IFRS,’’. 

■ 6. On page 4605, the third column, in 

§ 1.1297–4, the third line from the 

bottom of paragraph (f)(6)(iii), the 

language ‘‘IFRS’’ is corrected to read 

‘‘IFRS,’’. 

§ 1.1297–5 [Corrected] 

■ 7. On page 4606, the third column, in 

§ 1.1297–5, the third line from the 

bottom of paragraph (c)(2)(I)(E), the 

language ‘‘timeline’’ is corrected to read 

‘‘timeline,’’. 

■ 8. On page 4607, the third column, in 

§ 1.1297–5, the fifth line from the top of 

paragraph (f)(3), the language ‘‘reserves’’ 

is corrected to read ‘‘reserves,’’. 

■ 9. On page 4607, in the third column, 

in § 1.1297–5, the fourth line from the 

top of the first partial paragraph (f)(4), 

the language ‘‘management’’ is corrected 

to read ‘‘management,’’. 

■ 10. On page 4607, the third column, 

in § 1.1297–5, the second line from the 

bottom of paragraph (f)(5), the language 

‘‘annuity’’ is corrected to read 

‘‘annuity,’’. 

■ 11. On page 4607, the third column, 

in § 1.1297–5, the second line from the 

top of paragraph (f)(7), the language 

‘‘marketing’’ is corrected to read 

‘‘marketing,’’. 

Crystal Pemberton, 

Senior Federal Register Liaison, Legal 

Processing Division, Associate Chief Counsel, 

(Procedure and Administration). 

[FR Doc. 2021–04542 Filed 3–4–21; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF HOMELAND 

SECURITY 

Coast Guard 

33 CFR Part 165 

[Docket Number USCG–2021–0083] 

RIN 1625–AA00 

Safety Zone; Fincantieri Blasting 

Project; Menominee River, Menominee, 

MI and Marinette, WI 

AGENCY: Coast Guard, DHS. 

ACTION: Notice of proposed rulemaking. 

SUMMARY: The Coast Guard is proposing 

to establish a temporary safety zone for 

certain waters of the Menominee River 

in Marinette, WI within 1000 feet of a 

blasting area. This action is necessary to 

provide for the safety of life on these 

navigable waters during the daily 

blasting at the southern bank of the 

Menominee River near the Fincantieri 

Marinette Marine facility. This proposed 

rulemaking would restrict usage by 

persons and vessels within the safety 

zone. At no time during the effective 

period may vessels or person pass 

between the construction barges and 

southern bank of Menominee River. 

Also during the entire effective period, 

vessels are prohibit from transiting the 

safety zone at speeds that would create 

a wake. Additionally, during blasting 

operations, lasting approximately 15 

minutes each evening, no person or 

vessel may enter the safety zone. These 

restrictions would apply to all vessels 

during the effective period unless 

authorized by the Captain of the Port 

Lake Michigan or a designated 

representative. We invite your 

comments on this proposed rulemaking. 

DATES: Comments and related material 

must be received by the Coast Guard on 

or before March 22, 2021. 

ADDRESSES: You may submit comments 

identified by docket number USCG– 

2021–0083 using the Federal 

eRulemaking Portal at https://

www.regulations.gov. See the ‘‘Public 

Participation and Request for 

Comments’’ portion of the 

SUPPLEMENTARY INFORMATION section for 

further instructions on submitting 

comments. 

FOR FURTHER INFORMATION CONTACT: If 

you have questions about this proposed 

rulemaking, call or email Chief Petty 

Officer Jeromy Sherrill, Sector Lake 

Michigan Waterways Management 

Division, U.S. Coast Guard; telephone 

414–747–7148, email 

Jeromy.N.Sherrill@uscg.mil. 

SUPPLEMENTARY INFORMATION: 

I. Table of Abbreviations 

CFR Code of Federal Regulations 

DHS Department of Homeland Security 

FR Federal Register 

NPRM Notice of proposed rulemaking 

§ Section 

U.S.C. United States Code 

II. Background, Purpose, and Legal 

Basis 

On February 26, 2021, Roen Salvage 

Company notified the Coast Guard that 

it will be conducting daily blasting 

operations beginning April 1, 2021 to 

November 30, 2021, for an approximate 

15 minute period occurring between 

3:30 to 5:30 p.m. in conjunction with a 

construction project. The blasting will 

take place on the southern bank of the 

Menominee River near the Fincantieri 

Marinette Marine facility. The Captain 

of the Port Sector Lake Michigan (COTP) 

has determined that potential hazards 

associated with the blasting would be a 

safety concern for anyone within a 1000 

foot radius of the blasting site. 

The purpose of this rulemaking is to 

ensure the safety of vessels and the 

navigable waters within a 1000-foot 

radius of the blasting site before, during, 

and after the scheduled event. The Coast 

Guard is proposing this rulemaking 

under authority in 46 U.S.C. 70034 

(previously 33 U.S.C. 1231).] 

The Coast Guard is issuing this 

temporary rule with an abridged notice 

and opportunity to comment pursuant 

to authority under section 4(a) of the 

Administrative Procedure Act (APA) 

(5 U.S.C. 553(b)). This provision 

authorizes an agency to issue a rule 

without prior notice and opportunity to 

comment when the agency for good 

cause finds that those procedures are 

‘‘impracticable, unnecessary, or contrary 

to the public interest.’’ 

Under 5 U.S.C. 553(b)(B), the Coast 

Guard finds that good cause exists for 

not undertaking a thirty-day comment 

period with respect to this rule because 

the Coast Guard received details of these 

operations with insufficient time 

remaining to undergo a full thirty-day 

comment period. While it is 

impracticable to undergo a full thirtyday comment period and still protect 

the public from the hazards associated 

with these operations, the Coast Guard 

invites comments for the next fifteen 

days. 

Under 5 U.S.C. 553(d)(3), the Coast 

Guard finds that good cause exists for 

making this rule effective less than 30 

days after publication in the Federal 

Register. Delaying the effective date of 

this rule would be impracticable for the 

same reason stated above—immediate 

action is needed to respond to the 

potential safety hazards associated with 

the daily blasting. 

III. Discussion of Proposed Rule 

The COTP is proposing to establish a 

safety zone lasting from April 1, 2021 to 

November 30, 2021 for an approximate 

15 minute period occurring daily 

between 3:30 to 5:30 p.m. The safety 

zone would cover all navigable waters 

within 1000 foot radius of the blasting 

site which will be on the southern bank 

of the Menominee River at the 

Fincantieri Ship Yard in Marinette, WI. 

The duration of the zone is intended to 

ensure the safety of vessels and these 

navigable waters before, during, and 

after the daily blasting event. No vessel 

or person would be permitted to enter 

the safety zone during blasting 

operations. During non-blasting times, 

no vessels would be permitted to transit 

the area at speeds that would create a 

wake. Additionally, no vessels would be 

permitted to transit between the 


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