Federal Register / Vol. 75, No. 47 / Thursday, March 11, 2010 / Notices 11631 

The temporary exemptions contained 

in this order are based on the facts and 

circumstances presented in the request 

and are conditioned on compliance with 

the terms of this order. These temporary 

exemptions could become unavailable if 

the facts or circumstances change such 

that the representations in the request 

are no longer materially accurate or in 

the event of non-compliance. If the SEC 

were to withdraw or modify the terms 

of its order, Treasury may revoke or 

modify this order accordingly. The 

status of cleared CDS submitted to ICE 

Trust prior to such change would be 

unaffected. 

V. Paperwork Reduction Act 

This order includes two requests that 

fall within the definition of 

‘‘information’’ under the regulations 

implementing the Paperwork Reduction 

Act (PRA). 5 CFR 1320.3(h). One is the 

certification that ICE Trust clearing 

members must provide to ICE Trust 

under paragraph (a)(3)(ii) of this order, 

concerning their reliance on Treasury’s 

temporary exemption. The second is the 

disclosures that certain ICE Trust 

clearing members must make if they 

receive or hold funds or securities for 

the purpose of purchasing, selling, 

clearing, settling, or holding cleared 

CDS positions for U.S. persons, under 

paragraph (a)(4)(ii) of this order. 

However, Treasury at this time 

estimates that there will not be 10 or 

more ICE Trust clearing members that 

will be relying on this order to clear 

CDS that reference a government 

security. As a result, these requests do 

not constitute ‘‘collections of 

information’’ subject to the PRA. 5 CFR 

1320.3(c). Therefore, the PRA does not 

apply to this order. 

Mary J. Miller, 

Assistant Secretary for Financial Markets. 

[FR Doc. 2010–5320 Filed 3–10–10; 8:45 am] 

BILLING CODE 4810–39–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

[RP–155431–05] 

Proposed Collection; Comment 

Request for Revenue Procedure 

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 RP– 

155431–05, Revenue Procedure 

Regarding 6707/6707A Rescission 

Request Procedures. 

DATES: Written comments should be 

received on or before May 10, 2010 to 

be assured of consideration. 

ADDRESSES: Direct all written comments 

to R. Joseph Durbala, Internal Revenue 

Service, Room 6129, 1111 Constitution 

Avenue, NW., Washington, DC 20224. 

FOR FURTHER INFORMATION CONTACT: 

Requests for additional information or 

copies of the revenue procedure should 

be directed to Dawn E. Bidne at Internal 

Revenue Service, room 6129, 1111 

Constitution Avenue, NW., Washington, 

DC 20224, or at (202) 622–3933, or 

through the Internet at 

Dawn.E.Bidne@irs.gov. 

SUPPLEMENTARY INFORMATION: 

Title: Revenue Procedure Regarding 

6707/6707A Rescission Request 

Procedures. 

OMB Number: 1545–2047. 

Revenue Procedure Number: 155431– 

05. 

Abstract: This revenue procedure 

provides guidance to persons who are 

assessed a penalty under section 6707A 

or 6707 of the Internal Revenue Code, 

and who may request rescission of those 

penalties from the Commissioner. 

Current Actions: There are no changes 

being made to this revenue procedure. 

Type of Review: Extension of a 

previously approved collection. 

Affected Public: Individuals or 

households, business or other for-profit. 

Estimated Number of Respondents: 

859. 

Estimated Time per Respondent: 0.5 

hours. 

Estimated Total Annual Burden 

Hours: 429.50. 

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: February 26, 2010. 

R. Joseph Durbala, 

IRS Supervisory Tax Analyst. 

[FR Doc. 2010–5185 Filed 3–10–10; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Collection; Comment 

Request for Form 8868 

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 Form 

8868, Application for Extension of Time 

To File an Exempt Organization Return. 

DATES: Written comments should be 

received on or before May 10, 2010 to 

be assured of consideration. 

ADDRESSES: Direct all written comments 

to R. Joe Durbala, Internal Revenue 

Service, Room 6129, 1111 Constitution 

Avenue, NW., Washington, DC 20224. 

FOR FURTHER INFORMATION CONTACT: 

Requests for additional information or 

copies of the form and instructions 

should be directed to Elaine Christophe, 

(202) 622–3179, or at Internal Revenue 

Service, Room 6129, 1111 Constitution 

Avenue, NW., Washington DC 20224, or 


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