7076 Federal Register / Vol. 80, No. 26 / Monday, February 9, 2015 / Notices 

SUMMARY: Section 107 of the Terrorism 

Risk Insurance Program Reauthorization 

Act of 2015 (Reauthorization Act) 

requires the Secretary of the Treasury 

(Secretary) to conduct a study on the 

certification process in the Terrorism 

Risk Insurance Act of 2002, as amended 

(TRIA). The Secretary also must submit 

a report on the results of its study to 

Congress. To assist the Secretary in 

conducting the study and formulating 

the report, the Federal Insurance Office 

(FIO) is issuing this request for 

comment. 

DATES: Comments must be submitted 

not later than March 6, 2015. 

ADDRESSES: Interested persons may 

submit comments electronically through 

the Federal eRulemaking Portal at 

http://www.regulations.gov, in 

accordance with the instructions on that 

site. In general, the Department will 

post all comments to 

www.regulations.gov without change, 

including any business or personal 

information provided such as names, 

addresses, email addresses, or telephone 

numbers. The Department will also 

make such comments available for 

public inspection and copying in the 

Treasury’s Library, 1500 Pennsylvania 

Avenue NW., Washington, DC 20220, on 

official business days between the hours 

of 10:00 a.m. and 5:00 p.m. Eastern 

Time. You can make an appointment to 

inspect comments by telephoning (202) 

622–0990. All comments, including 

attachments and other supporting 

materials, are part of the public record 

and subject to public disclosure. You 

should submit only information that 

you wish to make available publicly. 

Electronic submissions are 

encouraged. 

Comments may also be mailed to the 

Department of the Treasury, Federal 

Insurance Office, MT 1410, 1500 

Pennsylvania Avenue NW., Washington, 

DC 20220. 

Additional Instructions. Responses 

should also include: (1) The data or 

rationale, including examples, 

supporting any opinions or conclusions; 

(2) approaches and options respecting 

improvement of the certification 

process, if any; and, (3) any specific 

legislative, administrative, or regulatory 

proposals for carrying out such 

approaches or options. 

FOR FURTHER INFORMATION CONTACT: 

Brett D. Hewitt, Policy Advisor, Federal 

Insurance Office, Room 1410, 

Department of the Treasury, 1500 

Pennsylvania Avenue NW., Washington, 

DC 20220, at (202) 622–5892 (this is not 

a toll-free number). Persons who have 

difficulty hearing or speaking may 

access this number via TTY by calling 

the toll-free Federal Relay Service at 

(800) 877–8339. 

SUPPLEMENTARY INFORMATION: 

I. Background 

Section 107(b) of the Reauthorization 

Act (Pub. L. 114–1) requires the 

Secretary to conduct a study on the 

process by which the Secretary 

determines whether to certify an act as 

an ‘‘act of terrorism’’ under section 

102(1) of TRIA (‘‘Certification Study’’). 

Section 107(c) of the Reauthorization 

Act prescribes certain factors that the 

Certification Study must examine. After 

completing the Certification Study, the 

Department of the Treasury (Treasury) 

must submit a report on its results to 

Congress. 

II. Solicitation for Comments 

A. Collecting information and views 

on the factors that must be analyzed in 

the Certification Study will enhance the 

accuracy and value of the study and 

report to Congress. Accordingly, 

comments are sought on: 

1. The establishment of a reasonable 

timeline by which the Secretary must 

make an accurate determination on 

whether to certify an act as an act of 

terrorism; 

2. The impact that the length of any 

timeline proposed to be established may 

have on the insurance industry, 

policyholders, consumers, and 

taxpayers as a whole; 

3. The factors the Secretary would 

evaluate and monitor during the 

certification process, including the 

ability of the Secretary to obtain the 

required information regarding the 

amount of projected and incurred losses 

resulting from an act which the 

Secretary would need in determining 

whether to certify the act as an act of 

terrorism; 

4. The appropriateness, efficiency, 

and effectiveness of the consultation 

process required under section 

102(1)(A) of TRIA and any 

recommendations on changes to the 

consultation process; and 

5. The ability of the Secretary to 

provide guidance and updates to the 

public regarding any act that may 

reasonably be certified as an act of 

terrorism. 

B. In addressing the considerations set 

forth in section 107(c) of the 

Reauthorization Act (as described in 

Paragraph (II)(A) of this notice), 

commenters are invited to submit views 

on: 

1. The manner and extent to which 

the certification timeline and the 

Secretary’s ability to make an accurate 

determination on whether to certify an 

act as an act of terrorism may be 

influenced by domestic or international 

law enforcement processes; and 

2. The implications for insurers or 

policyholders if one or more events are 

certified as acts of terrorism but the 

aggregate, calendar-year insured losses 

do not exceed the amount required for 

Treasury to make payments for insured 

losses. 

Dated: February 4, 2015. 

Michael T. McRaith, 

Director, Federal Insurance Office. 

[FR Doc. 2015–02563 Filed 2–6–15; 8:45 am] 

BILLING CODE 4810–25–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Collection; Comment 

Request for Regulation Project 

AGENCY: Internal Revenue Service (IRS), 

Treasury. 

ACTION: Notice and request for 

comments. 

SUMMARY: The Department of the 

Treasury, 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, 

Public Law 104–13 (44 U.S.C. 

3506(c)(2)(A)). Currently, the IRS is 

soliciting comments concerning 

qualified separate lines of business. 

DATES: Written comments should be 

received on or before April 10, 2015 to 

be assured of consideration. 

ADDRESSES: Direct all written comments 

to Christie Preston, Internal Revenue 

Service, Room 6129, 1111 Constitution 

Avenue NW., Washington, DC 20224. 

FOR FURTHER INFORMATION CONTACT: 

Requests for additional information or 

copies of regulations should be directed 

to Allan Hopkins, at Internal Revenue 

Service, Room 6129, 1111 Constitution 

Avenue NW., Washington, DC 20224, or 

through the Internet, at 

Allan.M.Hopkins@irs.gov. 

SUPPLEMENTARY INFORMATION: 

Title: Qualified Separate Lines of 

Business. 

OMB Number: 1545–1221. Regulation 

Project Number: EE–147–87. 

Abstract: Section 414(r) of the Internal 

Revenue Code requires that employers 

who wish to test their qualified 

retirement plans on a separate line of 

business basis, rather than on a 

controlled group basis, provide notice to 

the IRS that the employer treats itself as 

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Federal Register / Vol. 80, No. 26 / Monday, February 9, 2015 / Notices 7077 

operating qualified separate lines of 

business. Additionally, an employer 

may request an IRS determination that 

such lines satisfy administrative 

scrutiny. This regulation elaborates on 

the notice requirement and the 

determination process. 

Current Actions: There is no change to 

this existing regulation. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Business or other forprofit organizations. 

Estimated Number of Respondents: 

125. 

Estimated Time per Respondent: 3 

hours, 33 minutes. 

Estimated Total Annual Burden 

Hours: 444. 

The following paragraph applies to all 

of 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 as long 

as 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: February 2, 2015. 

Christie Preston, 

IRS Reports Clearance Officer. 

[FR Doc. 2015–02522 Filed 2–6–15; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Collection; Comment 

Request for Notice 99–43 

AGENCY: Internal Revenue Service (IRS), 

Treasury. 

ACTION: Notice and request for 

comments. 

SUMMARY: The Department of the 

Treasury, 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, 

Public Law 104–13 (44 U.S.C. 

3506(c)(2)(A)). Currently, the IRS is 

soliciting comments concerning Notice 

99–43, Nonrecognition Exchanges under 

Section 897. 

DATES: Written comments should be 

received on or before April 10, 2015 to 

be assured of consideration. 

ADDRESSES: Direct all written comments 

to Christie Preston, Internal Revenue 

Service, Room 6129, 1111 Constitution 

Avenue NW., Washington, DC 20224. 

FOR FURTHER INFORMATION CONTACT: 

Requests for additional information or 

copies of this regulation should be 

directed to Allan Hopkins, Internal 

Revenue Service, Room 6129, 1111 

Constitution Avenue NW., Washington, 

DC 20224, or through the Internet at 

Allan.M.Hopkins@irs.gov. 

SUPPLEMENTARY INFORMATION: 

Title: Nonrecognition Exchanges 

under Section 897. 

OMB Number: 1545–1660. 

Notice Number: Notice 99–43. 

Abstract: Notice 99–43 announces 

modification of the current rules under 

Temporary Regulation section 1.897– 

6T(a)(1) regarding transfers, exchanges 

and other dispositions of U.S. real 

property interests in nonrecognition 

transactions occurring after June 18, 

1980. The notice provides that, contrary 

to section 1.897–6T(a)(1), a foreign 

taxpayer will not recognize a gain under 

Code 897(e) for an exchange described 

in Code section 368(a)(1)(E) or (F), 

provided the taxpayer receives 

substantially identical shares of the 

same domestic corporation with the 

same divided rights, voting power, 

liquidation preferences, and 

convertability as the shares exchanged 

without any additional rights or 

features. 

Current Actions: There are no changes 

being made to the notice at this time. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Business or other forprofit organizations, and individuals or 

households. 

Estimated Number of Respondents: 

100. 

Estimated Time per Respondent: 2 

hours. 

Estimated Total Annual Burden 

Hours: 200. 

The following paragraph applies to all 

of 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 as long 

as 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: February 2, 2015. 

Christie Preston, 

IRS Reports Clearance Officer. 

[FR Doc. 2015–02523 Filed 2–6–15; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Collection; Comment 

Request for Form 8850 

AGENCY: Internal Revenue Service (IRS), 

Treasury. 

ACTION: Notice and request for 

comments. 

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