Federal Register / Vol. 88, No. 242 / Tuesday, December 19, 2023 / Notices 87843 

1Public Law 107–297, sec. 101(b), 116 Stat. 2322, 

codified at 15 U.S.C. 6701 note. Because the 

provisions of TRIA (as amended) appear in a note 

instead of particular sections of the U.S. Code, the 

provisions of TRIA are identified by the sections of 

the law. 2See Terrorism Risk Insurance Extension Act of 

2005, Public Law 109–144, 119 Stat. 2660; 

Terrorism Risk Insurance Program Reauthorization 

Act of 2007, Public Law 110–160, 121 Stat. 1839; 

Terrorism Risk Insurance Program Reauthorization 

Act of 2015, Public Law 114–1, 129 Stat. 3 (2015 

Reauthorization Act); Terrorism Risk Insurance 

Program Reauthorization Act of 2019, Public Law 

116–94, 133 Stat. 2534. 

3 31 U.S.C. 313(c)(1)(D). 

interests in property are blocked 

pursuant to E.O. 13224. 

Dated: December 13, 2023. 

Bradley T. Smith, 

Director, Office of Foreign Assets Control, 

U.S. Department of the Treasury. 

[FR Doc. 2023–27814 Filed 12–18–23; 8:45 am] 

BILLING CODE 4810–AL–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Collection; Comment 

Request for Form 706–NA 

AGENCY: Internal Revenue Service (IRS), 

Treasury. 

ACTION: Notice and request for 

comments. 

SUMMARY: The Internal Revenue Service, 

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. The 

IRS is soliciting comments concerning 

Form 706–NA, U.S. Estate (and 

Generation-Skipping Transfer) Tax 

Return. 

DATES: Written comments should be 

received on or before February 20, 2024 

to be assured of consideration. 

ADDRESSES: Direct all written comments 

to Andres Garcia, Internal Revenue 

Service, Room 6526, 1111 Constitution 

Avenue NW, Washington, DC 20224, or 

by email to pra.comments@irs.gov. 

Include OMB Control Number 1545– 

0531 in the subject line of the message. 

FOR FURTHER INFORMATION CONTACT: 

Requests for additional information or 

copies of the form and instructions 

should be directed to Sara Covington, 

(202) 317–5744, at Internal Revenue 

Service, Room 6526, 1111 Constitution 

Avenue NW, Washington DC 20224, or 

through the internet, at 

sara.l.covington@irs.gov. 

SUPPLEMENTARY INFORMATION: 

Title: U.S. Estate (and GenerationSkipping Transfer) Tax Return Estate of 

Nonresident not a Citizen of the U.S. 

OMB Number: 1545–0531. 

Form Number: 706–NA. 

Abstract: Form 706–NA is used to 

compute estate and generation-skipping 

transfer tax liability for nonresident 

alien decedents in accordance with 

section 6018 of the Internal Revenue 

Code. IRS uses the information on the 

form to determine the correct amount of 

tax and credits. 

Current Actions: There are no changes 

being made to the collection at this 

time. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Individuals or 

households; and Businesses or other forprofit organizations. 

Estimated Number of Responses: 800. 

Estimated Time per Respondent: 4 

hours, 29 minutes. 

Estimated Total Annual Burden 

Hours: 3,584. 

The following paragraph applies to all 

the collections of information covered 

by this notice: 

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 if 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: December 12, 2023. 

Sara L. Covington, 

IRS Tax Analyst. 

[FR Doc. 2023–27772 Filed 12–18–23; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

RIN 1505–AC62 

IMARA Calculation for Calendar Year 

2024 Under the Terrorism Risk 

Insurance Program 

AGENCY: Departmental Offices, 

Department of the Treasury. 

ACTION: Notice. 

SUMMARY: The Department of the 

Treasury (Treasury) is providing notice 

to the public of the insurance 

marketplace aggregate retention amount 

(IMARA) for calendar year 2024 for 

purposes of the Terrorism Risk 

Insurance Program (TRIP or the 

Program) under the Terrorism Risk 

Insurance Act, as amended (TRIA or the 

Act). As explained below, Treasury has 

determined that the IMARA for calendar 

year 2024 is $48,537,421,582. 

DATES: The IMARA for calendar year 

2024 is applicable January 1, 2024, 

through December 31, 2024. 

FOR FURTHER INFORMATION CONTACT: 

Richard Ifft, Lead Management and 

Senior Regulatory Policy Analyst, 

Terrorism Risk Insurance Program, 

Federal Insurance Office, 202–622–2922 

or Theodore Newman, Senior Insurance 

Regulatory Policy Analyst, Federal 

Insurance Office, 202–622–7009. 

SUPPLEMENTARY INFORMATION: 

I. Background 

TRIA—which established TRIP—was 

signed into law on November 26, 2002, 

following the attacks of September 11, 

2001, to address disruptions in the 

market for terrorism risk insurance, to 

help ensure the continued availability 

and affordability of commercial 

property and casualty insurance for 

terrorism risk, and to allow for the 

private markets to stabilize and build 

insurance capacity to absorb any future 

losses for terrorism events.1 TRIA 

requires insurers to ‘‘make available’’ 

terrorism risk insurance for commercial 

property and casualty losses resulting 

from certified acts of terrorism, and 

provides for shared public and private 

compensation for such insured losses. 

The Program has been reauthorized four 

times, most recently by the Terrorism 

Risk Insurance Program Reauthorization 

Act of 2019.2 The Secretary of the 

Treasury (Secretary) administers the 

Program, with assistance from the 

Federal Insurance Office (FIO).3

TRIA provides for an ‘‘industry 

marketplace aggregate retention 


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