57916 Federal Register / Vol. 88, No. 163 / Thursday, August 24, 2023 / Proposed Rules 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

26 CFR Part 1 

[REG–108054–21] 

RIN 1545–BQ07 

Information Reporting and Transfer for 

Valuable Consideration Rules for 

Section 1035 Exchanges of Life 

Insurance and Certain Other Life 

Insurance Contract Transactions; 

Hearing 

AGENCY: Internal Revenue Service (IRS), 

Treasury. 

ACTION: Notice of proposed rulemaking; 

notice of hearing. 

SUMMARY: This document provides a 

notice of public hearing on proposed 

regulations providing guidance on the 

application of the transfer for valuable 

consideration rules and associated 

information reporting requirements for 

reportable policy sales of interests in life 

insurance contracts to exchanges of life 

insurance contracts qualifying for 

nonrecognition of gain or loss, as well 

as to certain acquisitions of interests in 

life insurance contracts in transactions 

that qualify as corporate 

reorganizations. 

DATES: The public hearing on this 

proposed regulation has been scheduled 

for Thursday, September 28, 2023, at 

10:00 a.m. ET. The IRS must receive 

speakers’ outlines of the topics to be 

discussed at the public hearing by 

Wednesday, August 30, 2023. If no 

outlines are received by Wednesday, 

August 30, 2023, the public hearing will 

be cancelled. 

ADDRESSES: The public hearing is being 

held in the Auditorium, at the Internal 

Revenue Service Building, 1111 

Constitution Avenue NW, Washington, 

DC. Due to security procedures, visitors 

must enter at the Constitution Avenue 

entrance. In addition, all visitors must 

present a valid photo identification to 

enter the building. Because of access 

restrictions, visitors will not be 

admitted beyond the immediate 

entrance area more than 30 minutes 

before the hearing starts. Participants 

may alternatively attend the public 

hearing by telephone. 

Send submissions to CC:PA:LPD:PR 

(REG–108054–21), Room 5205, Internal 

Revenue Service, P.O. Box 7604, Ben 

Franklin Station, Washington, DC 

20044. Submissions may be hand 

delivered Monday through Friday to 

CC:PA:LPD:PR (REG–108054–21), 

Couriers Desk, Internal Revenue 

Service, 1111 Constitution Avenue NW, 

Washington, DC 20224 or sent 

electronically via the Federal 

eRulemaking Portal at 

www.regulations.gov (IRS REG–108054– 

21) (preferred). 

FOR FURTHER INFORMATION CONTACT: 

Concerning the proposed regulations, 

Allan H. Sakaue, (202) 317–6995; 

concerning submissions of outlines, the 

hearing, and/or to be placed on the 

building access list to attend the public 

hearing, call Vivian Hayes (202) 317– 

6901 (not a toll-free number) or by email 

to publichearings@irs.gov (preferred). 

SUPPLEMENTARY INFORMATION: The 

subject of the public hearing is the 

notice of proposed rulemaking (REG– 

108054–21) that was published in the 

Federal Register on Wednesday, May 

10, 2023, (FR 88 30058). 

The rules of 26 CFR 601.601(a)(3) 

apply to the hearing. Persons who wish 

to present oral comments at the hearing 

must submit an outline of the topics to 

be discussed and the time to be devoted 

to each topic by August 30, 2023. 

A period of 10 minutes will be 

allotted to each person for making 

comments. An agenda showing the 

scheduling of the speakers will be 

prepared after the deadline for receiving 

outlines has passed. Copies of the 

agenda will be available free of charge 

at the hearing, and via the Federal 

eRulemaking Portal 

(www.Regulations.gov) under the title of 

Supporting & Related Material. If no 

outline of the topics to be discussed at 

the hearing is received by August 30, 

2023, the public hearing will be 

cancelled. If the public hearing is 

cancelled, a notice of cancellation of the 

public hearing will be published in the 

Federal Register. 

Individuals who want to testify in 

person at the public hearing must send 

an email to publichearings@irs.gov to 

have your name added to the building 

access list. The subject line of the email 

must contain the regulation number 

REG–108054–21 and the language 

TESTIFY In Person. For example, the 

subject line may say: Request to 

TESTIFY In Person at Hearing for REG– 

108054–21. 

Individuals who want to testify by 

telephone at the public hearing must 

send an email to publichearings@irs.gov 

to receive the telephone number and 

access code for the hearing. The subject 

line of the email must contain the 

regulation number REG–108054–21 and 

the language TESTIFY Telephonically. 

For example, the subject line may say: 

Request to TESTIFY Telephonically at 

Hearing for REG–108054–21. 

Individuals who want to attend the 

public hearing in person without 

testifying must also send an email to 

publichearings@irs.gov to have your 

name added to the building access list. 

The subject line of the email must 

contain the regulation number REG– 

108054–21 and the language ATTEND 

In Person. For example, the subject line 

may say: Request to ATTEND Hearing In 

Person for REG–108054–21. Requests to 

attend the public hearing must be 

received by 5:00 p.m. ET by Monday, 

September 25, 2023. 

Individuals who want to attend the 

public hearing by telephone without 

testifying must also send an email to 

publichearings@irs.gov to receive the 

telephone number and access code for 

the hearing. The subject line of the 

email must contain the regulation 

number REG–108054–21 and the 

language ATTEND Hearing 

Telephonically. For example, the 

subject line may say: Request to 

ATTEND Hearing Telephonically for 

REG–108054–21. Requests to attend the 

public hearing must be received by 5:00 

p.m. ET by Monday, September 25, 

2023. 

Hearings will be made accessible to 

people with disabilities. To request 

special assistance during a hearing 

please contact the Publications and 

Regulations Branch of the Office of 

Associate Chief Counsel (Procedure and 

Administration) by sending an email to 

publichearings@irs.gov (preferred) or by 

telephone at (202) 317–6901 (not a tollfree number) by Monday, September 25, 

2023. Any questions regarding speaking 

at or attending a public hearing may 

also be emailed to publichearings@

irs.gov. 

Oluwafunmilayo A. Taylor, 

Branch Chief, Publications and Regulations 

Branch, Associate Chief Counsel (Procedure 

and Administration). 

[FR Doc. 2023–18193 Filed 8–23–23; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF COMMERCE 

National Oceanic and Atmospheric 

Administration 

50 CFR Part 622 

[Docket No. 230821–0200] 

RIN 0648–BM12 

Fisheries of the Caribbean, Gulf of 

Mexico, and South Atlantic; SnapperGrouper Fishery of the South Atlantic; 

Amendment 52 

AGENCY: National Marine Fisheries 

Service (NMFS), National Oceanic and 

Atmospheric Administration (NOAA), 

Commerce. 


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