Federal Register / Vol. 88, No. 214 / Tuesday, November 7, 2023 / Rules and Regulations 76665 

payments described in § 4262.15(b), the 

amount described in this paragraph 

(g)(2)(ix)(A) is, as of the end of the 

determination year— 

(1) The total amount of special 

financial assistance paid to the plan 

under § 4262.12 (as determined under 

§ 4262.12(a) or (b), or under § 4262.12(b) 

and (c) for plans paid under a 

supplemented application, as 

applicable), minus the amount paid to 

PBGC under § 4262.12(e), as of the end 

of the determination year; 

(2) Multiplied by a fraction, the 

numerator of which is the number of 

years determined under paragraph 

(g)(2)(x) of this section as of the end of 

the determination year and the 

denominator of which is the number of 

years determined under paragraph 

(g)(2)(xi) of this section as of the end of 

the determination year. 

(B) Plans required to pay make-up 

payments. For plans required to pay 

make-up payments described in 

§ 4262.15(b), the amount described in 

this paragraph (g)(2)(ix)(B) is, as of the 

end of the determination year— 

(1) The total amount of special 

financial assistance paid to the plan 

under § 4262.12 (as determined under 

§ 4262.12(a) or (b), or under § 4262.12(b) 

and (c) for plans paid under a 

supplemented application, as 

applicable), minus the amount paid to 

PBGC under § 4262.12(e), and minus the 

amount of make-up payments paid by 

the plan to participants and 

beneficiaries under § 4262.15(b) 

whether the payments are made from 

SFA assets or non-SFA assets, as of the 

end of the determination year; 

(2) Multiplied by a fraction, the 

numerator of which is the number of 

years determined under paragraph 

(g)(2)(x) of this section as of the end of 

the determination year and the 

denominator of which is the number of 

years determined under paragraph 

(g)(2)(xi) of this section as of the end of 

the determination year. 

* * * * * 

(xvi) * * * 

(D) Example 4. In plan year 2022, Plan 

D received an SFA payment amount of 

$50,000,000 (not including the amount 

paid to PBGC for repayment of 

traditional financial assistance) and a 

supplemented SFA payment amount of 

$30,000,000. A total of $20,000,000 in 

lump-sum make-up payments were paid 

by Plan D in plan year 2022. An 

employer withdraws in 2023. At the end 

of the determination year (2022), the 

amount of SFA required to be excluded 

from assets equals $60,000,000 

($50,000,000 + $30,000,000— 

$20,000,000). If, instead, the make-up 

payments were paid by Plan D in plan 

year 2023, the amount of SFA required 

to be excluded from assets at the end of 

the determination year (2022) would 

equal $80,000,000. Under this scenario, 

Plan D’s unfunded vested benefit 

liability would be the same at the end 

of the determination year because the 

additional $20,000,000 of SFA required 

to be excluded from assets offsets the 

$20,000,000 in SFA that the plan still 

holds for make-up payments but has not 

yet distributed as of the end of the 

determination year. Similarly, if the 

employer withdraws in 2024, the makeup payments were paid in 2023, and the 

phase-in fraction was 9/10th for 2023, 

the amount of SFA excluded from the 

assets at the end of the determination 

year (2023) would be $54,000,000 (9/ 

10th × $60,000,000), where the 

$60,000,000 is calculated as the total 

$80,000,000 in SFA paid to the plan 

minus the $20,000,000 in make-up 

payments that were disbursed prior to 

the end of the determination year. 

Issued in Washington, DC. 

Gordon Hartogensis, 

Director, Pension Benefit Guaranty 

Corporation. 

[FR Doc. 2023–24268 Filed 11–6–23; 8:45 am] 

BILLING CODE 7709–02–P 

DEPARTMENT OF THE TREASURY 

Office of Foreign Assets Control 

31 CFR Part 587 

Publication of Russian Harmful 

Foreign Activities Sanctions 

Regulations Web General License 73 

AGENCY: Office of Foreign Assets 

Control, Treasury. 

ACTION: Publication of a Web General 

License. 

SUMMARY: The Department of the 

Treasury’s Office of Foreign Assets 

Control (OFAC) is publishing one 

general license (GL) issued pursuant to 

the Russian Harmful Foreign Activities 

Sanctions Regulations: GL 73, which 

was previously made available on 

OFAC’s website. 

DATES: GL 73 was issued on October 12, 

2023. See SUPPLEMENTARY INFORMATION

for additional relevant dates. 

FOR FURTHER INFORMATION CONTACT: 

OFAC: Assistant Director for Licensing, 

202–622–2480; Assistant Director for 

Regulatory Affairs, 202–622–4855; or 

Assistant Director for Compliance, 202– 

622–2490. 

SUPPLEMENTARY INFORMATION: 

Electronic Availability 

This document and additional 

information concerning OFAC are 

available on OFAC’s website: https://

ofac.treasury.gov. 

Background 

On October 12, 2023, OFAC issued GL 

73 to authorize certain transactions 

otherwise prohibited by the Russian 

Harmful Foreign Activities Sanctions 

Regulations, 31 CFR part 587. GL 73 was 

made available on OFAC’s website 

(https://ofac.treasury.gov) when it was 

issued. The text of this GL is provided 

below. 

OFFICE OF FOREIGN ASSETS 

CONTROL 

Russian Harmful Foreign Activities 

Sanctions Regulations 

31 CFR Part 587 

GENERAL LICENSE NO. 73 

Authorizing Limited Safety and 

Environmental Transactions Involving 

Certain Persons or Vessels 

(a) Except as provided in paragraph 

(c) of this general license, all 

transactions prohibited by Executive 

Order (E.O.) 14024 that are ordinarily 

incident and necessary to one of the 

following activities involving the 

blocked persons or vessels described in 

paragraph (b) are authorized through 

12:01 a.m. eastern standard time, 

January 8, 2024, provided that any 

payment to a blocked person must be 

made into a blocked account in 

accordance with the Russian Harmful 

Foreign Activities Sanctions Regulations 

(RuHSR): 

(1) The safe docking and anchoring of 

any of the blocked vessels listed in 

paragraph (b) of this general license 

(‘‘blocked vessels’’) in port; 

(2) The preservation of the health or 

safety of the crew of any of the blocked 

vessels; or 

(3) Emergency repairs of any of the 

blocked vessels or environmental 

mitigation or protection activities 

relating to any of the blocked vessels. 

(b) The authorization in paragraph (a) 

of this general license applies to the 

following blocked persons and vessels 

listed on the Office of Foreign Assets 

Control’s Specially Designated 

Nationals and Blocked Persons List and 

any entity in which any of the following 

persons own, directly or indirectly, 

individually or in the aggregate, a 50 

percent or greater interest: 

(1) Ice Pearl Navigation Corp 

(registered owner of YASA GOLDEN 

BOSPHORUS, IMO 9334038); or 


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76666 Federal Register / Vol. 88, No. 214 / Tuesday, November 7, 2023 / Rules and Regulations 

(2) Lumber Marine SA (registered 

owner of SCF PRIMORYE, IMO 

9421960). 

(c) This general license does not 

authorize: 

(1) The entry into any new 

commercial contracts involving the 

property or interests in property of any 

blocked persons, including the blocked 

entities and vessels described in 

paragraph (b) of this general license, 

except as authorized by paragraph (a); 

(2) The offloading of any cargo 

onboard any of the blocked vessels, 

including the offloading of crude oil or 

petroleum products of Russian 

Federation origin, except for the 

offloading of cargo that is ordinarily 

incident and necessary to address vessel 

emergencies authorized pursuant to 

paragraph (a) of this general license; 

(3) Any transactions related to the sale 

of crude oil or petroleum products of 

Russian Federation origin; 

(4) Any transactions prohibited by 

Directive 2 under E.O. 14024, 

Prohibitions Related to Correspondent 

or Payable-Through Accounts and 

Processing of Transactions Involving 

Certain Foreign Financial Institutions; 

(5) Any transactions prohibited by 

Directive 4 under E.O. 14024, 

Prohibitions Related to Transactions 

Involving the Central Bank of the 

Russian Federation, the National 

Wealth Fund of the Russian Federation, 

and the Ministry of Finance of the 

Russian Federation; or 

(6) Any transactions otherwise 

prohibited by the RuHSR, including 

transactions involving the property or 

interests in property of any person 

blocked pursuant to the RuHSR, other 

than transactions involving the blocked 

persons or vessels in paragraph (b) of 

this general license, unless separately 

authorized. 

Bradley T. Smith, 

Director, Office of Foreign Assets Control. 

Dated: October 12, 2023. 

Bradley T. Smith, 

Director, Office of Foreign Assets Control. 

[FR Doc. 2023–23918 Filed 11–6–23; 8:45 am] 

BILLING CODE 4810–AL–P 

DEPARTMENT OF HOMELAND 

SECURITY 

Coast Guard 

33 CFR Part 117 

[Docket No. USCG–2022–0222] 

RIN 1625–AA09 

Drawbridge Operation Regulation; 

Okeechobee Waterway, Stuart, FL 

AGENCY: Coast Guard, Department of 

Homeland Security (DHS). 

ACTION: Notification of temporary 

deviation from regulations; reopening of 

comment period. 

SUMMARY: The Coast Guard is reopening 

the comment period to solicit additional 

comments concerning its notice of 

temporary deviation to the regulation 

governing the Florida East Coast (FEC) 

Railroad Bridge, across the Okeechobee 

Waterway (OWW), mile 7.41, at Stuart, 

FL. The expected increase in railway 

service was delayed and did not 

commence until late September 2023. 

Due to this delay, it was determined that 

we did not afford the public adequate 

opportunity to provide comments. We 

are reopening the comment period to 

allow the public more time to comment. 

The comment period is now open until 

November 30, 2023. 

DATES: The comment period for the 

temporary deviation published August 

11, 2023 (88 FR 54487) is reopened. 

Comments and relate material must 

reach the Coast Guard on or before 

November 30, 2023. 

ADDRESSES: You may submit comments 

identified by docket number USCG– 

2022–0222 using Federal Decision 

Making Portal at https://

www.regulations.gov. 

See the ‘‘Public Participation and 

Request for Comments’’ portion of the 

SUPPLEMENTARY INFORMATION section 

below for instructions on submitting 

comments. 

FOR FURTHER INFORMATION CONTACT: If 

you have questions on this temporary 

deviation, call, or email Ms. Jennifer 

Zercher, Bridge Management Specialist, 

Seventh Coast Guard District; telephone 

305–415–6740, email 

Jennifer.N.Zercher@uscg.mil. 

SUPPLEMENTARY INFORMATION: 

I. Table of Abbreviations 

CFR Code of Federal Regulations 

DHS Department of Homeland Security 

FR Federal Register 

OMB Office of Management and Budget 

NPRM Notice of Proposed Rulemaking 

(Advance, Supplemental) 

§ Section 

U.S.C. United States Code 

FEC Florida East Coast 

FL Florida 

II. Background and Purpose 

On June 23, 2023, we published a 

temporary deviation entitled, 

‘‘Drawbridge Operation Regulation; 

Okeechobee Waterway, Stuart, FL’’ in 

the Federal Register (88 FR 37470). The 

original comment period closed on 

August 4, 2023. Based on the comments 

received and other concerns that were 

voiced by the public, we rescinded that 

test deviation, and published a new one. 

On August 11, 2023, we published 

second a temporary deviation entitled, 

‘‘Drawbridge Operation Regulation; 

Okeechobee Waterway, Stuart, FL’’ in 

the Federal Register (88 FR 54487). The 

second comment period closed on 

October 15, 2023. The temporary 

deviations are testing a more predictable 

operating schedule for the FEC Railroad 

Bridge and contains useful background 

and analysis related to the temporary 

deviation. The public is encouraged to 

review the temporary deviation. 

We originally set a 60-day comment 

period for the temporary deviation and 

determined reopening the comment 

period until the end of the temporary 

deviation is necessary due to the delay 

in the start of additional railway service. 

Additional railway service was delayed 

and did not commence until late 

September 2023. We feel the start of 

additional railway service so close to 

the end of the comment period did not 

afford the public adequate opportunity 

to provide comments. 

This notice to reopen the comment 

period ensures notice and opportunity 

to comment on the operation of the 

drawbridge before determining whether 

a permanent change to the schedule is 

needed. 

The comment period is now open 

through November 30, 2023. Any 

comments received in the period 

between when the initial comment 

period closed on October 15, 2023 and 

the reopening of the comment period on 

November 7, 2023 will also be 

considered. 

This notice is issued under authority 

of 33 U.S.C. 1223 and 5 U.S.C. 552. 

III. Public Participation and Request for 

Comments 

We view public participation as 

essential to determining the needs of the 

public and will consider all comments 

and material received during the 

comment period. Your comment can 

help shape the outcome of future 

actions. If you submit a comment, 

please include the docket number for 

this test deviation, indicate the specific 


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