This section of the FEDERAL REGISTER

contains notices to the public of the proposed

issuance of rules and regulations. The

purpose of these notices is to give interested

persons an opportunity to participate in the

rule making prior to the adoption of the final

rules.

Proposed Rules Federal Register

43295

Vol. 62, No. 156

Wednesday, August 13, 1997

RAILROAD RETIREMENT BOARD

20 CFR Part 200

RIN 3220–AB31

General Administration; Disclosure

AGENCY: Railroad Retirement Board.

ACTION: Proposed rule.

SUMMARY: The Railroad Retirement

Board (Board) hereby proposes to

amend its regulations to permit

disclosure of pertinent information to a

consular official acting on behalf of a

compatriot who has claimed benefits

under the Railroad Retirement Act or

Railroad Unemployment Insurance Act.

DATES: Comments should be submitted

on or before October 14, 1997.

ADDRESSES: Secretary to the Board,

Railroad Retirement Board, 844 North

Rush Street, Chicago, Illinois 60611.

FOR FURTHER INFORMATION CONTACT:

Michael C. Litt, General Attorney,

Railroad Retirement Board, 844 North

Rush Street, Chicago, Illinois 60611,

(312) 751–4929, TDD (312) 751–4701,

TDD (FTS (312) 386–4701).

SUPPLEMENTARY INFORMATION: Section

200.8(g) of the regulations of the Board

provides for disclosure of information

obtained by the Board in the

administration of the Railroad

Retirement and Railroad Unemployment

Insurance Acts. This rulemaking would

amend § 200.8(g) to permit disclosure of

information to a consular official acting

on behalf of a compatriot who has

claimed benefits under the Railroad

Retirement Act, or Railroad

Unemployment Insurance Act. Only

information pertinent to his or her claim

may be disclosed.

The Board, with the concurrence of

the Office of Management and Budget,

has determined that this is not a major

rule for purposes of Executive Order

12866. Therefore, no regulatory analysis

is required. There are no information

collections associated with this rule.

List of Subjects in 20 CFR Part 200

Railroad employees.

For the reasons set out in the

preamble, title 20, chapter II, Part 200 of

the Code of Federal Regulations is

amended as follows:

PART 200—GENERAL

ADMINISTRATION

1. The authority citation for part 200

continues to read as follows:

Authority: 45 U.S.C. 231f(b)(5) and 45

U.S.C. 362; § 200.4 also issued under 5 U.S.C.

552; § 200.5 also issued under 5 U.S.C. 552a;

§ 200.6 also issued under 5 U.S.C. 552b; and

§ 200.7 also issued under 31 U.S.C. 3717.

2. Section 200.8 is amended by

adding new paragraph (g)(12) to read as

follows:

§ 200.8 Disclosure of information obtained

in the administration of the Railroad

Retirement Act and the Railroad

Unemployment Insurance Act.

* * * * *

(g) Authorized release of information.

* * *

(12) To any consular official, other

than a consular officer of a country to

which United States Treasury checks

and warrants may not be sent, acting in

behalf of a compatriot who has claimed

benefits under the Railroad Retirement

Act or Railroad Unemployment

Insurance Act, information that is

pertinent to the claim and that the

applicant himself could have upon his

or her own request.

* * * * *

Dated: August 5, 1997.

By authority of the Board.

For The Board,

Beatrice Ezerski,

Secretary to the Board.

[FR Doc. 97–21402 Filed 8–12–97; 8:45 am]

BILLING CODE 7905–01–P

DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG–105160–97]

RIN 1545–AV17

Qualified Nonrecourse Financing

Under Section 465(b)(6)

AGENCY: Internal Revenue Service (IRS),

Treasury.

ACTION: Notice of proposed rulemaking

and notice of public hearing.

SUMMARY: This document contains

proposed regulations under section

465(b)(6) regarding qualified

nonrecourse financing. The proposed

regulations address whether the

personal liability of an entity prevents

financing from being treated as qualified

nonrecourse financing and whether

qualified nonrecourse financing may be

secured by property that is incidental to

the activity of holding real property.

The proposed regulations would affect

partnerships and their partners. This

document also gives notice of a public

hearing scheduled for December 10,

1997.

DATES: Written comments and requests

to speak (with outlines of oral

comments) at the public hearing

scheduled for December 10, 1997, must

be received by November 19, 1997.

ADDRESSES: Send submissions to:

CC:DOM:CORP:R (REG–105160–97),

room 5228, Internal Revenue Service,

POB 7604, Ben Franklin Station,

Washington, DC 20044. In the

alternative, submissions may be hand

delivered between the hours of 8 a.m.

and 5 p.m. to: CC:DOM:CORP:R (REG–

105160–97), Courier’s Desk, Internal

Revenue Service, 1111 Constitution

Avenue NW., Washington, DC.

Alternatively, taxpayers may submit

comments electronically via the Internet

by selecting the ‘‘Tax Regs’’ option of

the IRS Home Page, or by submitting

comments directly to the IRS Internet

site at: http://www.irs.ustreas.gov/prod/

taxlregs/comments.html. The public

hearing will be held in room 2615,

Internal Revenue Building, 1111

Constitution Avenue, NW., Washington,

DC.

FOR FURTHER INFORMATION CONTACT:

Concerning the regulations, Jeffrey A.

Erickson, (202) 622–3070; concerning

submissions and the hearing, Michael

Slaughter, (202) 622–7190 (not toll-free

numbers).

SUPPLEMENTARY INFORMATION:

Introduction

This document contains proposed

regulations under section 465(b)(6) of

the Internal Revenue Code (Code).

Section 465, which applies to

individuals and certain corporations,

limits a taxpayer’s loss deduction for an

activity to the amount of the taxpayer’s

amount at risk in the activity at the

close of the taxable year. A taxpayer’s

amount at risk generally includes the