61790 Federal Register / Vol. 79, No. 199 / Wednesday, October 15, 2014 / Proposed Rules 

■ 6. Section 870.506 is amended by 

revising paragraphs (a)(2) and (a)(4)(i) to 

read as follows: 

§ 870.506 Optional insurance: Cancelling a 

waiver. 

(a) * * * 

(2) An employee who has waived 

Options A and B coverage may elect 

coverage, and an employee who has 

fewer than 5 multiples of Option B may 

increase the number of multiples, upon 

his or her marriage or divorce, upon a 

spouse’s death, or upon acquisition of 

an eligible child. 

* * * 

(4)(i) An employee who has waived 

Option C may elect it, and an employee 

who has fewer than 5 multiples of 

Option C may increase the number of 

multiples, upon his or her marriage, or 

acquisition of an eligible child or 

stepchild(ren). An employee who has 

Option C may also elect or increase 

Option C coverage upon divorce or 

death of a spouse, if the employee has 

any eligible children or stepchild(ren). 

* * * * * 

[FR Doc. 2014–24488 Filed 10–14–14; 8:45 am] 

BILLING CODE 6325–63–P 

DEPARTMENT OF TRANSPORTATION 

Federal Aviation Administration 

14 CFR Part 71 

[Docket No. FAA–2014–0743; Airspace 

Docket No. 14–ASW–2] 

Proposed Establishment of Class E 

Airspace; Cypress, TX 

AGENCY: Federal Aviation 

Administration (FAA), DOT. 

ACTION: Notice of proposed rulemaking 

(NPRM). 

SUMMARY: This action proposes to 

establish Class E airspace at Cypress, 

TX. Controlled airspace is necessary to 

accommodate new Standard Instrument 

Approach Procedures (SIAPs) at Dry 

Creek Airport. The FAA is taking this 

action to enhance the safety and 

management of Instrument Flight Rules 

(IFR) operations for SIAPs at the airport. 

DATES: Comments must be received on 

or before December 1, 2014. 

ADDRESSES: Send comments on this 

proposal to the U.S. Department of 

Transportation, Docket Operations, 1200 

New Jersey Avenue SE., West Building 

Ground Floor, Room W12–140, 

Washington, DC 20590–0001. You must 

identify the docket number FAA–2014– 

0743/Airspace Docket No. 14–ASW–2, 

at the beginning of your comments. You 

may also submit comments through the 

Internet at http://www.regulations.gov. 

You may review the public docket 

containing the proposal, any comments 

received, and any final disposition in 

person in the Dockets Office between 

9:00 a.m. and 5:00 p.m., Monday 

through Friday, except Federal holidays. 

The Docket Office (telephone 1–800– 

647–5527), is on the ground floor of the 

building at the above address. 

FOR FURTHER INFORMATION CONTACT: 

Rebecca Shelby, Central Service Center, 

Operations Support Group, Federal 

Aviation Administration, Southwest 

Region, 2601 Meacham Blvd., Fort 

Worth, TX 76137; telephone: 817–321– 

7740. 

SUPPLEMENTARY INFORMATION: 

Comments Invited 

Interested parties are invited to 

participate in this proposed rulemaking 

by submitting such written data, views, 

or arguments, as they may desire. 

Comments that provide the factual basis 

supporting the views and suggestions 

presented are particularly helpful in 

developing reasoned regulatory 

decisions on the proposal. Comments 

are specifically invited on the overall 

regulatory, aeronautical, economic, 

environmental, and energy-related 

aspects of the proposal. 

Communications should identify both 

docket numbers and be submitted in 

triplicate to the address listed above. 

Commenters wishing the FAA to 

acknowledge receipt of their comments 

on this notice must submit with those 

comments a self-addressed, stamped 

postcard on which the following 

statement is made: ‘‘Comments to 

Docket No. FAA–2014–0743/Airspace 

Docket No. 14–ASW–2.’’ The postcard 

will be date/time stamped and returned 

to the commenter. 

Availability of NPRMs 

An electronic copy of this document 

may be downloaded through the 

Internet at http://www.regulations.gov. 

Recently published rulemaking 

documents can also be accessed through 

the FAA’s Web page at http://

www.faa.gov/airports_airtraffic/air_

traffic/publications/airspace_

amendments/. 

You may review the public docket 

containing the proposal, any comments 

received and any final disposition in 

person in the Dockets Office (see 

ADDRESSES section for address and 

phone number) between 9:00 a.m. and 

5:00 p.m., Monday through Friday, 

except Federal holidays. An informal 

docket may also be examined during 

normal business hours at the office of 

the Central Service Center, 2601 

Meacham Blvd., Fort Worth, TX 76137. 

Persons interested in being placed on 

a mailing list for future NPRMs should 

contact the FAA’s Office of Rulemaking 

(202) 267–9677, to request a copy of 

Advisory Circular No. 11–2A, Notice of 

Proposed Rulemaking Distribution 

System, which describes the application 

procedure. 

The Proposal 

This action proposes to amend Title 

14, Code of Federal Regulations (14 

CFR), Part 71 by establishing Class E 

airspace extending upward from 700 

feet above the surface within a 6.5-mile 

radius of Dry Creek Airport, Cypress, 

TX, to accommodate new standard 

instrument approach procedures. 

Controlled airspace is needed for the 

safety and management of IFR 

operations at the airport. 

Class E airspace areas are published 

in Paragraph 6005 of FAA Order 

7400.9Y, dated August 6, 2014 and 

effective September 15, 2014, which is 

incorporated by reference in 14 CFR 

71.1. The Class E airspace designation 

listed in this document will be 

published subsequently in the Order. 

The FAA has determined that this 

proposed regulation only involves an 

established body of technical 

regulations for which frequent and 

routine amendments are necessary to 

keep them operationally current. It, 

therefore, (1) is not a ‘‘significant 

regulatory action’’ under Executive 

Order 12866; (2) is not a ‘‘significant 

rule’’ under DOT Regulatory Policies 

and Procedures (44 FR 11034; February 

26, 1979); and (3) does not warrant 

preparation of a Regulatory Evaluation 

as the anticipated impact is so minimal. 

Since this is a routine matter that will 

only affect air traffic procedures and air 

navigation, it is certified that this rule, 

when promulgated, will not have a 

significant economic impact on a 

substantial number of small entities 

under the criteria of the Regulatory 

Flexibility Act. 

The FAA’s authority to issue rules 

regarding aviation safety is found in 

Title 49 of the U.S. Code. Subtitle 1, 

Section 106 describes the authority of 

the FAA Administrator. Subtitle VII, 

Aviation Programs, describes in more 

detail the scope of the agency’s 

authority. This rulemaking is 

promulgated under the authority 

described in Subtitle VII, Part A, 

Subpart I, Section 40103. Under that 

section, the FAA is charged with 

prescribing regulations to assign the use 

of airspace necessary to ensure the 

safety of aircraft and the efficient use of 

airspace. This regulation is within the 

scope of that authority as it would 


sroberts on DSK5SPTVN1PROD with PROPOSALS
Federal Register / Vol. 79, No. 199 / Wednesday, October 15, 2014 / Proposed Rules 61791 

establish controlled airspace at Dry 

Creek Airport, Cypress, TX. 

Environmental Review 

This proposal will be subject to an 

environmental analysis in accordance 

with FAA Order 1050.1E, 

‘‘Environmental Impacts: Policies and 

Procedures’’ prior to any FAA final 

regulatory action. 

List of Subjects in 14 CFR Part 71 

Airspace, Incorporation by reference, 

Navigation (Air). 

The Proposed Amendment 

In consideration of the foregoing, the 

Federal Aviation Administration 

proposes to amend 14 CFR Part 71 as 

follows: 

PART 71—DESIGNATION OF CLASS A, 

B, C, D, AND E AIRSPACE AREAS; AIR 

TRAFFIC SERVICE ROUTES; AND 

REPORTING POINTS 

■ 1. The authority citation for part 71 

continues to read as follows: 

Authority: 49 U.S.C. 106(g); 40103, 40113, 

40120; E.O. 10854, 24 FR 9565, 3 CFR, 1959– 

1963 Comp., p. 389. 

§ 71.1 [Amended] 

■ 2. The incorporation by reference in 

14 CFR 71.1 of FAA Order 7400.9Y, 

Airspace Designations and Reporting 

Points, dated August 6, 2014 and 

effective September 15, 2014, is 

amended as follows: 

Paragraph 6005 Class E Airspace areas 

extending upward from 700 feet or more 

above the surface of the earth. 

* * * * * 

ASW TX E5 Cypress, TX [New] 

Dry Creek Airport, TX 

(Lat. 29°59′11′′ N., long. 95°41′08′′ W.) 

That airspace extending upward from 700 

feet above the surface within a 6.5-mile 

radius of Dry Creek Airport. 

Issued in Fort Worth, TX, on October 4, 

2014. 

Robert W. Beck, 

Manager, Operations Support Group, ATO 

Central Service Center. 

[FR Doc. 2014–24450 Filed 10–14–14; 8:45 am] 

BILLING CODE 4901–14–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

26 CFR Part 1 

[REG–136676–13] 

RIN 1545–BM01 

Removal of the 36-Month Non-Payment 

Testing Period Rule 

AGENCY: Internal Revenue Service (IRS), 

Treasury. 

ACTION: Notice of proposed rulemaking. 

SUMMARY: This document contains 

proposed regulations that will remove a 

rule that a deemed discharge of 

indebtedness for which a Form 1099–C, 

‘‘Cancellation of Debt,’’ must be filed 

occurs at the expiration of a 36-month 

non-payment testing period. The 

Department of the Treasury and the IRS 

are concerned that the rule creates 

confusion for taxpayers and does not 

increase tax compliance by debtors or 

provide the IRS with valuable thirdparty information that may be used to 

ensure taxpayer compliance. The 

proposed regulations will affect certain 

financial institutions and governmental 

entities. 

DATES: Comments and requests for a 

public hearing must be received by 

January 13, 2015. 

ADDRESSES: Send submissions to: 

CC:PA:LPD:PR (REG–136676–13), Room 

5203, Internal Revenue Service, P.O. 

Box 7604, Ben Franklin Station, 

Washington, DC 20044. Submissions 

may be hand-delivered Monday through 

Friday between the hours of 8:00 a.m. 

and 4:00 p.m. to CC:PA:LPD:PR (REG– 

136676–13), Courier’s Desk, Internal 

Revenue Service, 1111 Constitution 

Avenue NW., Washington, DC 20224. 

Alternatively, taxpayers may submit 

comments electronically via the Federal 

eRulemaking Portal at 

www.regulations.gov (IRS REG–136676– 

13). 

FOR FURTHER INFORMATION CONTACT: 

Concerning the proposed regulations, 

Hollie Marx, (202) 317–6844; 

concerning the submission of comments 

and requests for a public hearing, 

Oluwafunmilayo Taylor, (202) 317–6901 

(not toll-free calls). 

SUPPLEMENTARY INFORMATION: 

Background 

This document contains proposed 

regulations to amend certain Income 

Tax Regulations (26 CFR Part 1) issued 

under section 6050P of the Internal 

Revenue Code (Code), which provide 

that the 36-month non-payment testing 

period is an identifiable event triggering 

an information reporting obligation for 

discharge of indebtedness by certain 

entities. The proposed regulations 

would remove the 36-month nonpayment testing period as an 

identifiable event. 

Statutory Provisions 

Section 61(a)(12) provides that 

income from discharge of indebtedness 

is includible in gross income. Section 

6050P was added to the Code by section 

13252 of the Omnibus Budget 

Reconciliation Act of 1993, Public Law 

103–66 (107 Stat. 312, 531–532 (1993)). 

Section 6050P was enacted in part ‘‘to 

encourage taxpayer compliance with 

respect to discharged indebtedness’’ and 

to ‘‘enhance the ability of the IRS to 

enforce the discharge of indebtedness 

rules.’’ H.R. Rep. No. 103–111, at 758 

(1993). As originally enacted, section 

6050P generally required applicable 

financial entities (generally financial 

institutions, credit unions, and Federal 

executive agencies) that discharge (in 

whole or in part) indebtedness of $600 

or more during a calendar year to file 

information returns with the IRS and to 

furnish information statements to the 

persons whose debt is discharged. In 

addition to other information prescribed 

by regulations, an applicable financial 

entity is required to include on the 

information return the debtor’s name, 

taxpayer identification number, the date 

of the discharge, and the amount 

discharged. See 26 U.S.C. 6050P(a) 

(1994). 

The Debt Collection Improvement Act 

of 1996 (1996 Act), Public Law 104–134 

(110 Stat. 1321, 1321–368 through 

1321–369 (1996)) was enacted on April 

26, 1996. Section 31001(m)(2)(B)(i) and 

(ii) of the 1996 Act amended section 

6050P to expand the reporting 

requirement to cover ‘‘applicable 

entities,’’ which includes any executive, 

judicial, or legislative agency, not just 

federal executive agencies, and any 

previously covered applicable financial 

entity. Effective for discharges of 

indebtedness occurring after December 

31, 1999, section 533(a) of the Ticket to 

Work and Work Incentives 

Improvement Act of 1999 (1999 Act), 

Public Law 106–170 (113 Stat. 1860, 

1931 (1999)), added subparagraph 

(c)(2)(D) to section 6050P, to further 

expand entities covered by the reporting 

requirements to include any 

organization the ‘‘significant trade or 

business of which is the lending of 

money.’’ 

On April 4, 2000, the IRS released 

Notice 2000–22 (2000–1 CB 902) to 

provide penalty relief to organizations 

that were newly made subject to section 

6050P by the 1999 Act (organizations 


sroberts on DSK5SPTVN1PROD with PROPOSALS