[Federal Register Volume 89, Number 28 (Friday, February 9, 2024)]
[Proposed Rules]
[Pages 9626-9630]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-00445]



[[Page 9625]]

Vol. 89

Friday,

No. 28

February 9, 2024

Part XIV





Department of the Treasury





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Semiannual Regulatory Agenda

Federal Register / Vol. 89 , No. 28 / Friday, February 9, 2024 / UA: 
Reg Flex Agenda

[[Page 9626]]


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DEPARTMENT OF THE TREASURY

31 CFR Subtitles A and B


Semiannual Agenda

AGENCY: Department of the Treasury.

ACTION: Semiannual Regulatory Agenda.

-----------------------------------------------------------------------

SUMMARY: This notice is given pursuant to the requirements of the 
Regulatory Flexibility Act and Executive Order 12866 (``Regulatory 
Planning and Review''), which require the publication by the Department 
of a semiannual agenda of regulations.

FOR FURTHER INFORMATION CONTACT: The Agency contact identified in the 
item relating to that regulation.

SUPPLEMENTARY INFORMATION: The semiannual regulatory agenda includes 
regulations that the Department has issued or expects to issue and 
rules currently in effect that are under departmental or bureau review.
    The complete Unified Agenda will be available online at 
www.reginfo.gov and www.regulations.gov, in a format that offers users 
an enhanced ability to obtain information from the Agenda database. 
Because publication in the Federal Register is mandated for the 
regulatory flexibility agenda required by the Regulatory Flexibility 
Act (5 U.S.C. 602), Treasury's printed agenda entries include only:
    (1) Rules that are in the regulatory flexibility agenda, in 
accordance with the Regulatory Flexibility Act, because they are likely 
to have a significant economic impact on a substantial number of small 
entities; and
    (2) Rules that have been identified for periodic review under 
section 610 of the Regulatory Flexibility Act.
    Printing of these entries is limited to fields that contain 
information required by the Regulatory Flexibility Act's Agenda 
requirements. Additional information on these entries is available in 
the Unified Agenda available on the internet.
    The semiannual agenda of the Department of the Treasury conforms to 
the Unified Agenda format developed by the Regulatory Information 
Service Center (RISC).

Michael Briskin,
Deputy Assistant General Counsel for General Law and Regulation.

            Bureau of the Fiscal Service--Proposed Rule Stage
------------------------------------------------------------------------
                                                           Regulation
       Sequence No.                    Title             Identifier No.
------------------------------------------------------------------------
416.......................  Revision of the Federal            1530-AA29
                             Claims Collection
                             Standards (31 CFR Parts
                             900-904) (Section 610
                             Review).
------------------------------------------------------------------------


        Financial Crimes Enforcement Network--Proposed Rule Stage
------------------------------------------------------------------------
                                                           Regulation
       Sequence No.                    Title             Identifier No.
------------------------------------------------------------------------
417.......................  Section 6101.                      1506-AB52
                             Establishment of National
                             Exam and Supervision
                             Priorities.
418.......................  Residential Real Estate            1506-AB54
                             Transaction Reports and
                             Records.
419.......................  Revisions to Customer Due          1506-AB60
                             Diligence Requirements
                             for Financial
                             Institutions.
420.......................  Commercial Real Estate             1506-AB61
                             Transaction Reports and
                             Records.
------------------------------------------------------------------------


         Financial Crimes Enforcement Network--Final Rule Stage
------------------------------------------------------------------------
                                                           Regulation
       Sequence No.                    Title             Identifier No.
------------------------------------------------------------------------
421.......................  Beneficial Ownership               1506-AB59
                             Information Access and
                             Safeguards.
------------------------------------------------------------------------


         Financial Crimes Enforcement Network--Long-Term Actions
------------------------------------------------------------------------
                                                           Regulation
       Sequence No.                    Title             Identifier No.
------------------------------------------------------------------------
422.......................  Amendments to the                  1506-AB36
                             Definition of Broker or
                             Dealer in Securities
                             (Crowd Funding).
423.......................  Clarification of the               1506-AB41
                             Requirement to Collect,
                             Retain, and Transmit
                             Information on
                             Transactions Involving
                             Convertible Virtual
                             Currencies and Digital
                             Assets With Legal Tender
                             Status.
424.......................  Requirements for Certain           1506-AB47
                             Transactions Involving
                             Convertible Virtual
                             Currency or Digital
                             Assets.
425.......................  Section 6110. Bank Secrecy         1506-AB50
                             Act Application to
                             Dealers in Antiquities
                             and Assessment of Bank
                             Secrecy Act Application
                             to Dealers in Arts.
426.......................  Section 6212. Pilot                1506-AB51
                             Program on Sharing of
                             Information Related to
                             Suspicious Activity
                             Reports Within a
                             Financial Group.
------------------------------------------------------------------------


              Customs Revenue Function--Proposed Rule Stage
------------------------------------------------------------------------
                                                           Regulation
       Sequence No.                    Title             Identifier No.
------------------------------------------------------------------------
427.......................  Entry of Low-Value                 1515-AE84
                             Shipments.
------------------------------------------------------------------------


[[Page 9627]]


               Customs Revenue Function--Final Rule Stage
------------------------------------------------------------------------
                                                           Regulation
       Sequence No.                    Title             Identifier No.
------------------------------------------------------------------------
428.......................  Enforcement of Copyrights          1515-AE26
                             and the Digital
                             Millennium Copyright Act.
------------------------------------------------------------------------


               Internal Revenue Service--Completed Actions
------------------------------------------------------------------------
                                                           Regulation
       Sequence No.                    Title             Identifier No.
------------------------------------------------------------------------
429.......................  Guidance on the                    1545-BO91
                             Elimination of Interbank
                             Offered Rates.
430.......................  Additional Guidance on Low-        1545-BQ81
                             Income Communities Bonus
                             Credit Program.
------------------------------------------------------------------------

DEPARTMENT OF THE TREASURY (TREAS)

Bureau of the Fiscal Service (FISCAL)

Proposed Rule Stage

416. Revision of the Federal Claims Collection Standards (31 CFR Parts 
900-904) (Section 610 Review) [1530-AA29]

    Legal Authority: 31 U.S.C. 3711
    Abstract: The Department of Justice jointly with the Department of 
the Treasury will revise the Federal Claims Collection Standards to 
address statutory changes and to improve clarity of existing 
regulations.
    Timetable:

------------------------------------------------------------------------
               Action                    Date            FR Cite
------------------------------------------------------------------------
NPRM................................   11/00/23
------------------------------------------------------------------------

    Regulatory Flexibility Analysis Required: No.
    Agency Contact: Michelle Cordeiro, Senior Counsel, Department of 
the Treasury, Bureau of the Fiscal Service, 401 14th Street SW, 
Washington, DC 20227, Phone: 202 874-6680, Email: 
<a href="/cdn-cgi/l/email-protection#bed3d7ddd6dbd2d2db90ddd1ccdadbd7ccd1fed8d7cddddfd290caccdbdfcdcbccc790d9d1c8"><span class="__cf_email__" data-cfemail="35585c565d505959501b565a4751505c475a75535c465654591b414750544640474c1b525a43">[email protected]</span></a>.
    RIN: 1530-AA29

BILLING CODE 4810-AS-P

DEPARTMENT OF THE TREASURY (TREAS)

Financial Crimes Enforcement Network (FINCEN)

Proposed Rule Stage

417. Section 6101. Establishment of National Exam and Supervision 
Priorities [1506-AB52]

    Legal Authority: 12 U.S.C. 1829b; 12 U.S.C. 1951 to 1960; 31 U.S.C. 
5311 to 5314; 31 U.S.C. 5316 to 5336
    Abstract: FinCEN intends to issue a notice of proposed rulemaking 
as part of the establishment of national exam and supervision 
priorities. The proposed rule implements section 6101(b) of the Anti-
Money Laundering Act of 2020 that requires the Secretary of the 
Treasury to issue and promulgate rules for financial institutions to 
carry out the government-wide anti-money laundering and countering the 
financing of terrorism priorities (AML/CFT Priorities). The proposed 
rule: (i) incorporates a risk assessment requirement for financial 
institutions; (ii) requires financial institutions to incorporate AML/
CFT Priorities into risk-based programs; and (iii) provides for certain 
technical changes. Once finalized, this proposed rule will affect all 
financial institutions subject to regulations under the Bank Secrecy 
Act that have AML/CFT program obligations.
    Timetable:

------------------------------------------------------------------------
               Action                    Date            FR Cite
------------------------------------------------------------------------
NPRM................................   03/00/24
NPRM Comment Period End.............   05/00/24
------------------------------------------------------------------------

    Regulatory Flexibility Analysis Required: Yes.
    Agency Contact: FinCEN Regulatory Support Section, Department of 
the Treasury, Financial Crimes Enforcement Network, P.O. Box 39, 
Vienna, VA 22183, Phone: 800 767-2825, Email: <a href="/cdn-cgi/l/email-protection#d0b6a2b390b6b9beb3b5befeb7bfa6"><span class="__cf_email__" data-cfemail="99ffebfad9fff0f7fafcf7b7fef6ef">[email protected]</span></a>.
    RIN: 1506-AB52

418. Residential Real Estate Transaction Reports and Records [1506-
AB54]

    Legal Authority: 12 U.S.C. 1829b; 12 U.S.C. 1951 to 1960; 31 U.S.C. 
5311 to 5314; 31 U.S.C. 5316 to 5336
    Abstract: FinCEN intends to issue a notice of proposed rulemaking 
to address money laundering vulnerabilities in the U.S. residential 
real estate sector.
    Timetable:

------------------------------------------------------------------------
               Action                    Date            FR Cite
------------------------------------------------------------------------
ANPRM...............................   12/08/21  86 FR 69589
ANPRM Comment Period End............   02/07/22
NPRM................................   02/00/24
NPRM Comment Period End.............   04/00/24
------------------------------------------------------------------------

    Regulatory Flexibility Analysis Required: Yes.
    Agency Contact: FinCEN Regulatory Support Section, Department of 
the Treasury, Financial Crimes Enforcement Network, P.O. Box 39, 
Vienna, VA 22183, Phone: 800 767-2825, Email: <a href="/cdn-cgi/l/email-protection#ff998d9cbf9996919c9a91d1989089"><span class="__cf_email__" data-cfemail="2c4a5e4f6c4a45424f4942024b435a">[email protected]</span></a>.
    RIN: 1506-AB54

419. Revisions to Customer Due Diligence Requirements for Financial 
Institutions [1506-AB60]

    Legal Authority: 12 U.S.C. 1829b; 12 U.S.C. 1951 to 1960; 31 U.S.C. 
5311 to 5314; 31 U.S.C. 5316 to 5336
    Abstract: FinCEN intends to issue a notice of proposed rulemaking 
entitled ``Revisions to Customer Due Diligence Requirements for 
Financial Institutions,'' relating to Section 6403(d) of the Corporate 
Transparency Act (CTA). Section 6403(d) of the CTA requires FinCEN to 
revise its customer due diligence requirements for financial 
institutions to account for the changes created by the beneficial 
ownership information reporting and access requirements set out in the 
CTA.
    Timetable:

------------------------------------------------------------------------
               Action                    Date            FR Cite
------------------------------------------------------------------------
NPRM................................   06/00/24
NPRM Comment Period End.............   08/00/24
------------------------------------------------------------------------

    Regulatory Flexibility Analysis Required: Yes.
    Agency Contact: FinCEN Regulatory Support Section, Department of 
the Treasury, Financial Crimes Enforcement Network, P.O. Box 39, 
Vienna, VA 22183, Phone: 800 767-2825, Email: <a href="/cdn-cgi/l/email-protection#385e4a5b785e51565b5d56165f574e"><span class="__cf_email__" data-cfemail="e6809485a6808f88858388c8818990">[email protected]</span></a>.
    RIN: 1506-AB60

[[Page 9628]]

420. Commercial Real Estate Transaction Reports and Records [1506-AB61]

    Legal Authority: 12 U.S.C. 1829b; 12 U.S.C. 1951 to 1960; 31 U.S.C. 
5311 to 5314; 31 U.S.C. 5316 to 5336
    Abstract: FinCEN intends to issue a notice of proposed rulemaking 
to address money laundering vulnerabilities in the U.S. commercial real 
estate sector.
    Timetable:

------------------------------------------------------------------------
               Action                    Date            FR Cite
------------------------------------------------------------------------
NPRM................................   09/00/24
NPRM Comment Period End.............   11/00/24
------------------------------------------------------------------------

    Regulatory Flexibility Analysis Required: Yes.
    Agency Contact: FinCEN Regulatory Support Section, Department of 
the Treasury, Financial Crimes Enforcement Network, P.O. Box 39, 
Vienna, VA 2218, Phone: 800 767-2825, Email: <a href="/cdn-cgi/l/email-protection#c4a2b6a784a2adaaa7a1aaeaa3abb2"><span class="__cf_email__" data-cfemail="a5c3d7c6e5c3cccbc6c0cb8bc2cad3">[email protected]</span></a>.
    RIN: 1506-AB61

DEPARTMENT OF THE TREASURY (TREAS)

Financial Crimes Enforcement Network (FINCEN)

Final Rule Stage

421. Beneficial Ownership Information Access and Safeguards [1506-AB59]

    Legal Authority: 12 U.S.C. 1829b; 12 U.S.C. 1951 to 1960; 31 U.S.C. 
5311 to 5314; 31 U.S.C. 5316 to 5336
    Abstract: FinCEN intends to issue a final rule entitled 
``Beneficial Ownership Information Access and Safeguards.'' The final 
rule will establish protocols to protect the security and 
confidentiality of the beneficial ownership information (BOI) that will 
be reported to FinCEN pursuant to the Bank Secrecy Act, as amended by 
Section 6403(a) of the Corporate Transparency Act, and will establish 
the framework for authorized recipients' access to the BOI reported.
    Timetable:

------------------------------------------------------------------------
               Action                    Date            FR Cite
------------------------------------------------------------------------
NPRM................................   12/16/22  87 FR 77404
NPRM Comment Period End.............   02/14/23
Final Action........................   12/00/23
------------------------------------------------------------------------

    Regulatory Flexibility Analysis Required: Yes.
    Agency Contact: FinCEN Regulatory Support Section, Department of 
the Treasury, Financial Crimes Enforcement Network, P.O. Box 39, 
Vienna, VA 22183, Phone: 800 767-2825, Email: <a href="/cdn-cgi/l/email-protection#c9afbbaa89afa0a7aaaca7e7aea6bf"><span class="__cf_email__" data-cfemail="4a2c38290a2c2324292f24642d253c">[email protected]</span></a>.
    RIN: 1506-AB59

DEPARTMENT OF THE TREASURY (TREAS)

Financial Crimes Enforcement Network (FINCEN)

Long-Term Actions

422. Amendments to the Definition of Broker or Dealer in Securities 
(Crowd Funding) [1506-AB36]

    Legal Authority: 12 U.S.C. 1829b; 12 U.S.C. 1951 to 1960; 31 U.S.C. 
5311 to 5314; 31 U.S.C. 5316 to 5332
    Abstract: FinCEN is finalizing amendments to the regulatory 
definitions of ``broker or dealer in securities'' under the regulations 
implementing the Bank Secrecy Act. The changes are intended to expand 
the current scope of the definitions to include funding portals 
involved in the offering or selling of securities through crowdfunding 
pursuant to section 4(a)(6) of the Securities Act of 1933. In addition, 
these amendments would require funding portals to implement policies 
and procedures reasonably designed to achieve compliance with all of 
the Bank Secrecy Act requirements that are currently applicable to 
brokers or dealers in securities. The rule to require these 
organizations to comply with the Bank Secrecy Act regulations is 
intended to help prevent money laundering, terrorist financing, and 
other financial crimes.
    Note: This is not a new requirement; it replaces RINs 1506-AB24 and 
1506-AB29.
    Timetable:

------------------------------------------------------------------------
               Action                    Date            FR Cite
------------------------------------------------------------------------
NPRM................................   04/04/16  81 FR 19086
NPRM Comment Period End.............   06/03/16
                                     -----------------------------------
Final Action........................           To Be Determined
------------------------------------------------------------------------

    Regulatory Flexibility Analysis Required: Yes.
    Agency Contact: FinCEN Regulatory Support Section, Phone: 800 767-
2825, Email: <a href="/cdn-cgi/l/email-protection#deb8acbd9eb8b7b0bdbbb0f0b9b1a8"><span class="__cf_email__" data-cfemail="6e081c0d2e0807000d0b0040090118">[email protected]</span></a>.
    RIN: 1506-AB36

423. Clarification of the Requirement To Collect, Retain, and Transmit 
Information on Transactions Involving Convertible Virtual Currencies 
and Digital Assets With Legal Tender Status [1506-AB41]

    Legal Authority: 12 U.S.C. 1829b; 12 U.S.C. 1951 to 1960; 31 U.S.C. 
5311 to 5314; 31 U.S.C. 5316 to 5336
    Abstract: The Board of Governors of the Federal Reserve System and 
FinCEN (collectively, the ``Agencies'') intend to issue a revised 
proposal to clarify the meaning of ``money'' as used in the rules 
implementing the Bank Secrecy Act requiring financial institutions to 
collect, retain, and transmit information on certain funds transfers 
and transmittals of funds. The Agencies intend that the revised 
proposal will ensure that the rules apply to domestic and cross-border 
transactions involving convertible virtual currency, which is a medium 
of exchange (such as cryptocurrency) that either has an equivalent 
value as currency, or acts as a substitute for currency, but lacks 
legal tender status. The Agencies further intend that the revised 
proposal will clarify that these rules apply to domestic and cross-
border transactions involving digital assets that have legal tender 
status.
    Timetable:

------------------------------------------------------------------------
               Action                    Date            FR Cite
------------------------------------------------------------------------
NPRM................................   10/27/20  85 FR 68005
NPRM Comment Period End.............   11/27/20
Second NPRM.........................   01/00/25
Second NPRM Comment Period End......   03/00/25
------------------------------------------------------------------------

    Regulatory Flexibility Analysis Required: Yes.
    Agency Contact: FinCEN Regulatory Support Section, Phone: 800 767-
2825, Email: <a href="/cdn-cgi/l/email-protection#dabca8b99abcb3b4b9bfb4f4bdb5ac"><span class="__cf_email__" data-cfemail="d1b7a3b291b7b8bfb2b4bfffb6bea7">[email protected]</span></a>.
    RIN: 1506-AB41

424. Requirements for Certain Transactions Involving Convertible 
Virtual Currency or Digital Assets [1506-AB47]

    Legal Authority: 12 U.S.C. 1829b; 12 U.S.C. 1951 to 1960; 31 U.S.C. 
5311 to 5314; 31 U.S.C. 5316 to 5336
    Abstract: FinCEN is amending the regulations implementing the Bank 
Secrecy Act (BSA) to require banks and money service businesses (MSBs) 
to submit reports, keep records, and verify the identity of customers 
in relation to transactions involving convertible virtual currency 
(CVC) or digital assets with legal tender status (``legal tender 
digital assets'' or ``LTDA'') held in

[[Page 9629]]

unhosted wallets, or held in wallets hosted in a jurisdiction 
identified by FinCEN.
    Timetable:

------------------------------------------------------------------------
               Action                    Date            FR Cite
------------------------------------------------------------------------
NPRM................................   12/23/20  85 FR 83840
NPRM Comment Period End.............   01/04/21
                                     -----------------------------------
Final Action........................           To Be Determined
------------------------------------------------------------------------

    Regulatory Flexibility Analysis Required: Yes.
    Agency Contact: FinCEN Regulatory Support Section, Phone: 800 767-
2825, Email: <a href="/cdn-cgi/l/email-protection#97f1e5f4d7f1fef9f4f2f9b9f0f8e1"><span class="__cf_email__" data-cfemail="c1a7b3a281a7a8afa2a4afefa6aeb7">[email protected]</span></a>.
    RIN: 1506-AB47

425. Section 6110. Bank Secrecy Act Application to Dealers in 
Antiquities and Assessment of Bank Secrecy Act Application to Dealers 
in Arts [1506-AB50]

    Legal Authority: 12 U.S.C. 1829b; 12 U.S.C. 1951 to 1960; 31 U.S.C. 
5311 to 5314; 31 U.S.C. 5316 to 5336
    Abstract: FinCEN intends to issue a Notice of Proposed Rulemaking 
to implement Section 6110 of the Anti-Money Laundering Act of 2020 (the 
AML Act). This section amends the Bank Secrecy Act (31 U.S.C. 
5312(a)(2)) to include as a financial institution a person engaged in 
the trade of antiquities, including an advisor, consultant, or any 
other person who engages as a business in the solicitation or the sale 
of antiquities, subject to regulations prescribed by the Secretary of 
the Treasury. The section further requires the Secretary of the 
Treasury to issue proposed rules to implement the amendment within 360 
days of enactment of the AML Act.
    Timetable:

------------------------------------------------------------------------
               Action                    Date            FR Cite
------------------------------------------------------------------------
ANPRM...............................   09/24/21  86 FR 53021
ANPRM Comment Period End............   10/25/21
                                     -----------------------------------
NPRM................................           To Be Determined
------------------------------------------------------------------------

    Regulatory Flexibility Analysis Required: Yes.
    Agency Contact: FinCEN Regulatory Support Section, Phone: 800 767-
2825, Email: <a href="/cdn-cgi/l/email-protection#395f4b5a795f50575a5c57175e564f"><span class="__cf_email__" data-cfemail="2e485c4d6e4847404d4b4000494158">[email protected]</span></a>.
    RIN: 1506-AB50

426. Section 6212. Pilot Program on Sharing of Information Related to 
Suspicious Activity Reports Within a Financial Group [1506-AB51]

    Legal Authority: 12 U.S.C. 1829b; 12 U.S.C. 1951 to 1960; 31 U.S.C. 
5311 to 5314; 31 U.S.C. 5316 to 5336
    Abstract: FinCEN intends to issue a Final Rule in order to 
implement Section 6212 of the Anti-Money Laundering Act of 2020 (the 
AML Act). This section amends the Bank Secrecy Act (31 U.S.C. 5318(g)) 
to establish a pilot program that permits financial institutions to 
share suspicious activity report (SAR) information with their foreign 
branches, subsidiaries, and affiliates for the purpose of combating 
illicit finance risks. The section further requires the Secretary of 
the Treasury to issue rules to implement the amendment within one year 
of enactment of the AML Act.
    Timetable:

------------------------------------------------------------------------
               Action                    Date            FR Cite
------------------------------------------------------------------------
NPRM................................   01/25/22  87 FR 3719
NPRM Comment Period End.............   03/28/22
                                     -----------------------------------
Final Rule..........................           To Be Determined
------------------------------------------------------------------------

    Regulatory Flexibility Analysis Required: Yes.
    Agency Contact: FinCEN Regulatory Support Section, Phone: 800 767-
2825, Email: <a href="/cdn-cgi/l/email-protection#096f7b6a496f60676a6c67276e667f"><span class="__cf_email__" data-cfemail="ccaabeaf8caaa5a2afa9a2e2aba3ba">[email protected]</span></a>.
    RIN: 1506-AB51

BILLING CODE 4810-02-P

DEPARTMENT OF THE TREASURY (TREAS)

Customs Revenue Function (CUSTOMS)

Proposed Rule Stage

427. <bullet> Entry of Low-Value Shipments [1515-AE84]

    Legal Authority: 19 U.S.C. 1321
    Abstract: This document proposes amendments to the U.S. Customs and 
Border Protection (CBP) regulations pertaining to the entry of certain 
low-value shipments not exceeding $800 that are eligible for an 
administrative exemption from duty and tax. Specifically, CBP proposes 
to create a new process for entering low-value shipments, allowing CBP 
to target high-risk shipments more effectively, including those 
containing synthetic opioids such as fentanyl. This document also 
proposes to revise the current process for entering low-value shipments 
to require additional data elements that would assist CBP in verifying 
eligibility for duty- and tax-free entry of low-value shipments and 
bona-fide gifts.
    Timetable:

------------------------------------------------------------------------
               Action                    Date            FR Cite
------------------------------------------------------------------------
NPRM................................   04/00/24
------------------------------------------------------------------------

    Regulatory Flexibility Analysis Required: Yes.
    Agency Contact: Christopher Mabelitini, Director, Intellectual 
Property Rights & E-Commerce Division, Department of the Treasury, 
Customs Revenue Function, 1300 Pennsylvania Avenue NW, Washington, DC 
20229, Phone: 202 325-6915.
    RIN: 1515-AE84

DEPARTMENT OF THE TREASURY (TREAS)

Customs Revenue Function (CUSTOMS)

Final Rule Stage

428. Enforcement of copyrights and the Digital Millennium Copyright Act 
[1515-AE26]

    Legal Authority: Title III of the Trade Facilitation and Trade 
Enforcement Act of 2015 (Pub. L. 114-125); 19 U.S.C. 1595a(c)(2)(G); 19 
U.S.C. 1624
    Abstract: This rule amends the U.S. Customs and Border Protection 
(CBP) regulations pertaining to importations of merchandise that 
violate or are suspected of violating the copyright laws in accordance 
with title III of the Trade Facilitation and Trade Enforcement Act of 
2015 (TFTEA) and certain provisions of the Digital Millennium Copyright 
Act (DMCA).
    Timetable:

------------------------------------------------------------------------
               Action                    Date            FR Cite
------------------------------------------------------------------------
NPRM................................   10/16/19  84 FR 55251
NPRM Comment Period End.............   12/16/19
Final Rule..........................   12/00/23
------------------------------------------------------------------------

    Regulatory Flexibility Analysis Required: Yes.
    Agency Contact: Alaina Van Horn, Chief, Intellectual Property 
Enforcement Branch, Department of the Treasury, Customs Revenue 
Function, 1331 Pennsylvania Avenue NW, Washington, DC 20229, Phone: 202 
325-0083, Email: <a href="/cdn-cgi/l/email-protection#741518151d1a155a02151a1c1b061a341716045a101c075a131b02"><span class="__cf_email__" data-cfemail="8cede0ede5e2eda2faede2e4e3fee2ccefeefca2e8e4ffa2ebe3fa">[email protected]</span></a>.
    RIN: 1515-AE26

BILLING CODE 9111-14-P

DEPARTMENT OF THE TREASURY (TREAS)

Internal Revenue Service (IRS)

Completed Actions

429. Guidance on the Elimination of Interbank Offered Rates [1545-BO91]

    Legal Authority: 26 U.S.C. 882c and 7805; 26 U.S.C. 7805
    Abstract: The final regulations will provide guidance on the tax

[[Page 9630]]

consequences of the phased elimination of interbank offered rates 
(IBORs) that is underway in the United States and many foreign 
countries. Taxpayers have requested guidance that addresses the 
transition from IBOR to other reference rates and the determination of 
the interest expense deduction of a foreign corporation.
    Completed:

------------------------------------------------------------------------
               Reason                    Date            FR Cite
------------------------------------------------------------------------
Final Action Completed By TD 9976...   06/30/23  88 FR 42231
------------------------------------------------------------------------

    Regulatory Flexibility Analysis Required: Yes.
    Agency Contact: Caleb Trimm, Phone: 202 317-6002, Fax: 855 589-
8672, Email: <a href="/cdn-cgi/l/email-protection#1675777a737438613862647f7b7b24567f64657579637865737a38626473776538717960"><span class="__cf_email__" data-cfemail="5132303d34337f267f2523383c3c6311382322323e243f22343d7f25233430227f363e27">[email protected]</span></a>.
    RIN: 1545-BO91

430. <bullet> Additional guidance on Low-Income Communities Bonus 
Credit Program [1545-BQ81]

    Legal Authority: 26 U.S.C. 48(e); 26 U.S.C. 7805
    Abstract: This document contains final regulations concerning the 
application of the low-income communities' bonus credit program for the 
energy investment credit established pursuant to the Inflation 
Reduction Act of 2022. Under this program, applicants investing in 
certain solar or wind-powered electricity generation facilities for 
which the applicants otherwise would be eligible for an energy 
investment credit may apply for an allocation of environmental justice 
solar and wind capacity limitation to increase the amount of the energy 
investment credit for the taxable year in which the facility is placed 
in service. This document provides definitions and requirements that 
are applicable for this program. These final regulations affect 
applicants seeking allocations of the environmental justice solar and 
wind capacity limitation to increase the amount of the energy 
investment credit for which such applicants would otherwise be eligible 
once the facility is placed in service.
    Timetable:

------------------------------------------------------------------------
               Action                    Date            FR Cite
------------------------------------------------------------------------
NPRM................................   06/01/23  88 FR 35791
NPRM Comment Period End.............   06/30/23
Final Rule..........................   08/15/23  88 FR 55506
Final Rule Effective................   10/16/23
------------------------------------------------------------------------

    Regulatory Flexibility Analysis Required: Yes.
    Agency Contact: Whitney Brady, General Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room 
5114, Washington, DC 20224, Phone: 202 317-6853, Email: 
<a href="/cdn-cgi/l/email-protection#7a0d12130e141f03541f5418081b1e03483a13080919150f14091f16540e081f1b09541d150c"><span class="__cf_email__" data-cfemail="87f0efeef3e9e2fea9e2a9e5f5e6e3feb5c7eef5f4e4e8f2e9f4e2eba9f3f5e2e6f4a9e0e8f1">[email protected]</span></a>.
    RIN: 1545-BQ81

[FR Doc. 2024-00445 Filed 2-8-24; 8:45 am]
BILLING CODE 4810-01-P


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