Federal Register / Vol. 79, No. 106 / Tuesday, June 3, 2014 / Proposed Rules 31893 

■ Par. 2. Section 1.41–9 is amended by 

revising paragraph (b)(2) to read as 

follows: 

§ 1.41–9 Alternative simplified credit. 

* * * * * 

(b) * * * (1) * * * 

(2) [The text of proposed § 1.41– 

9(b)(2) is the same as the text of § 1.41– 

9T(b)(2) published elsewhere in this 

issue of the Federal Register.] 

* * * * * 

John Dalrymple, 

Deputy Commissioner for Services and 

Enforcement. 

[FR Doc. 2014–12758 Filed 6–2–14; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

26 CFR Part 1 

[REG–141036–13] 

RIN 1545–BL91 

Minimum Essential Coverage and 

Other Rules Regarding the Shared 

Responsibility Payment for 

Individuals; Correction 

AGENCY: Internal Revenue Service (IRS), 

Treasury. 

ACTION: Correction to a notice of 

proposed rulemaking and notice of 

public hearing. 

SUMMARY: This document contains 

corrections to a notice of proposed 

notice of proposed and notice of public 

hearing (REG–141036–13) that was 

published in the Federal Register on 

Monday, January 27, 2014 (79 FR 4302). 

The proposed regulations relate to the 

requirement to maintain minimum 

essential coverage enacted by the 

Patient Protection and Affordable Care 

Act and the Health Care and Education 

Reconciliation Act of 2010, as amended 

by the TRICARE Affirmation Act and 

Public Law 111–73. 

DATES: Written or electronic comments 

and requests for a public hearing for the 

notice of proposed rulemaking and 

notice of public hearing published at 79 

FR 4302, January 27, 2014, the comment 

period ended on April 28, 2014. 

FOR FURTHER INFORMATION CONTACT: SueJean Kim or John B. Lovelace at (202) 

317–7006 (not a toll free number). 

SUPPLEMENTARY INFORMATION: 

Background 

The notice of proposed rulemaking 

and notice of public hearing (REG– 

141036–13) that is the subject of these 

corrections is under section 5000A of 

the Internal Revenue Code. 

Need for Correction 

As published, the notice of proposed 

rulemaking and notice of public hearing 

(REG–141036–13) contains errors that 

may prove to be misleading and are in 

need of clarification. 

Correction of Publication 

Accordingly, the notice of proposed 

rulemaking and notice of public hearing 

(REG–141036–13), that was the subject 

of FR Doc. 2014–01439, is corrected as 

follows: 

1. On page 4303, in the preamble, 

second column, under the paragraph 

heading ‘‘Minimum Essential 

Coverage’’, seventeenth line of the 

second paragraph, the language 

‘‘1396a(a)(10)(A)(ii)(XI)); (3) coverage 

of’’ is corrected to read 

‘‘1396a(a)(10)(A)(ii)(XII)); (3) coverage 

of’’. 

2. On page 4304, in the preamble, first 

column, fifth line from the bottom of the 

second paragraph, the language ‘‘need to 

request an exemption from the’’ is 

corrected to read ‘‘need to request an 

exemption certification from the’’. 

3. On page 4304, in the preamble, first 

column, under the paragraph heading 

‘‘Monthly Penalty Amount’’, seventh 

and eighth lines of the second 

paragraph, the language ‘‘return filing 

threshold (as defined in section 

6012(a)(1)).’’ is corrected to read ‘‘filing 

threshold (as defined in § 1.5000A– 

3(f)(2)).’’. 

4. On page 4304, in the preamble, 

third column, seventh and eighth lines 

of the first full paragraph, the language 

‘‘www.irs.gov), (see § 601.601(d)(2)(ii)(b) 

of this chapter), released concurrently’’ 

is corrected to read ‘‘www.irs.gov), see 

§ 601.601(d)(2)(ii)(b) of this chapter, 

released concurrently’’. 

5. On page 4305, in the preamble, first 

column, twelfth and thirteenth lines of 

the first full paragraph, the language ‘‘at 

www.irs.gov), (see § 601.601(d)(2)(ii)(b) 

of this chapter)’’ is corrected to read ‘‘at 

www.irs.gov), see § 601.601(d)(2)(ii)(b) 

of this chapter’’. 

6. On page 4305, in the preamble, 

second column, sixteenth and 

seventeenth lines of the first full 

paragraph, the language ‘‘(available at 

www.irs.gov), (see § 601.601(d)(2)(ii)(b) 

of this chapter) is corrected to read 

‘‘(available at www.irs.gov), see 

§ 601.601(d)(2)(ii)(b) of this chapter’’. 

7. On page 4305, in the preamble, 

second column, third line from the 

bottom of the page, the language ‘‘any 

coverage, whether insurance or’’ is 

corrected to read ‘‘any coverage, 

whether through insurance or’’. 

8. On page 4306, in the preamble, 

third column, sixth line from the bottom 

of the page, the language ‘‘that the 

hardship can be claimed on a’’ is 

corrected to read ‘‘that the hardship 

exemption can be claimed on a’’. 

9. On page 4307, in the preamble, first 

column, fourth line from the top of the 

page, the language ‘‘exemption from an 

Exchange.’’ is corrected to read 

‘‘exemption certification from an 

Exchange.’’. 

§ 1.5000A–3 [Corrected] 

10. On Page 4308, second column, 

paragraph (h)(3)(iii)(B) should read 

‘‘The Secretary issues published 

guidance of general applicability, see 

§ 601.601(d)(2) of this chapter, allowing 

an individual to claim the hardship 

exemption on a return without 

obtaining a hardship exemption 

certification from an Exchange.’’. 

Martin V. Franks, 

Chief, Publications and Regulations Branch, 

Legal Processing Division, Associate Chief 

Counsel (Procedure and Administration). 

[FR Doc. 2014–12754 Filed 6–2–14; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF LABOR 

Employee Benefits Security 

Administration 

29 CFR Part 2550 

RIN 1210–AB38 

Target Date Disclosure 

AGENCY: Employee Benefits Security 

Administration, Labor. 

ACTION: Proposed rule; reopening of 

comment period. 

SUMMARY: The Department of Labor’s 

Employee Benefits Security 

Administration is reopening the period 

for public comment on proposed 

regulatory amendments relating to 

enhanced disclosure concerning target 

date or similar investments, originally 

proposed November 30, 2010, in a 

previously published document in the 

Federal Register. In 2013, the Securities 

and Exchange Commission’s Investor 

Advisory Committee recommended that 

the Commission develop a glide path 

illustration for target date funds that is 

based on a standardized measure of 

fund risk as a replacement for, or 

supplement to, an asset allocation glide 

path illustration. The Department is 

reopening the comment period on its 

2010 proposal, which contained an asset 

allocation glide path illustration 

requirement, to seek public comment on 

this recommendation. 


wreier-aviles on DSK5TPTVN1PROD with PROPOSALS
31894 Federal Register / Vol. 79, No. 106 / Tuesday, June 3, 2014 / Proposed Rules 

1See 75 FR 73987 (Nov. 30, 2010), proposing to 

amend the Department’s qualified default 

investment alternative regulation, 72 FR 60452 (Oct. 

24, 2007), and participant-level fee disclosure 

regulation, 75 FR 64910 (Oct. 20, 2010). 

2See id. 

3Commission Release Nos. 33–9126, 34–62300, 

IC–29301 (June 2010). 

4See 77 FR 20749 (April 6, 2012). 

5See 77 FR 30928 (May 24, 2012). 

6See http://www.dol.gov/ebsa/regs/cmt-1210- 

AB38.html. 

7See ‘‘Target Date Mutual Funds’’ at http://

www.sec.gov/spotlight/investor-advisorycommittee-2012.shtml. Both the Committee’s 

recommendations and a letter from Commission 

Chair White in response to the recommendations 

are available on the Commission’s Web site. 

8http://www.sec.gov/spotlight/investor-advisorycommittee-2012/iac-recommendation-target-datefund.pdf. 

9The Commission’s Notice of request for 

additional comment was made available on the 

Commission’s Web site, at http://www.sec.gov/

rules/proposed/2014/33-9570.pdf, on April 3, 2014, 

and published in the Federal Register, at 79 FR 

19564, on April 9, 2014. 

DATES: Written comments on the 

proposed regulation published at 75 FR 

73987 (Nov. 30, 2010) should be 

received by the Department of Labor no 

later than July 3, 2014. 

ADDRESSES: Written comments may be 

submitted to the addresses specified 

below. All comments will be made 

available to the public. Warning: Do not 

include any personally identifiable 

information (such as name, address, or 

other contact information) or 

confidential business information that 

you do not want publicly disclosed. All 

comments may be posted on the Internet 

and can be retrieved by most Internet 

search engines. Comments may be 

submitted anonymously. Persons 

submitting comments electronically are 

encouraged not to submit paper copies. 

Comments identified by RIN 1210– 

AB38 may be submitted by one of the 

following methods: 

• Federal eRulemaking Portal: http:// 

www.regulations.gov. Follow the 

instructions for submitting comments. 

• Email: e-ORI@dol.gov 

• Mail or Hand Delivery: Office of 

Regulations and Interpretations, 

Employee Benefits Security 

Administration, Room N–5655, U.S. 

Department of Labor, 200 Constitution 

Avenue NW., Washington, DC 20210, 

Attention: RIN 1210–AB38; Target Date 

Disclosure. Comments received by the 

Department of Labor may be posted 

without change to http://

www.regulations.gov and http://

www.dol.gov/ebsa, and will be made 

available for public inspection at the 

Public Disclosure Room, N–1513, 

Employee Benefits Security 

Administration, 200 Constitution 

Avenue NW., Washington, DC 20210. 

FOR FURTHER INFORMATION CONTACT: 

Kristen Zarenko, Office of Regulations 

and Interpretations, Employee Benefits 

Security Administration, (202) 693– 

8500. This is not a toll-free number. 

SUPPLEMENTARY INFORMATION: In 

November 2010, the Department 

published a proposal to amend its 

qualified default investment alternative 

regulation (29 CFR 2550.404c–5) and 

participant-level fee disclosure 

regulation (29 CFR 2550.404a–5).1 The 

proposal includes more specific 

disclosure requirements for target date 

or similar funds (TDFs), based on 

evidence that plan participants and 

beneficiaries would benefit from 

additional information concerning these 

investments. Specifically, the proposal 

would require an explanation of the 

TDF’s asset allocation, how the asset 

allocation will change over time (the 

TDF’s ‘‘glide path’’), and the point in 

time when the TDF will reach its most 

conservative asset allocation; including 

a chart, table, or other graphical 

representation that illustrates such 

change in asset allocation. The proposal 

also would require, among other things, 

information about the relevance of the 

TDF’s ‘‘target date;’’ any assumptions 

about participants’ and beneficiaries’ 

contribution and withdrawal intentions 

following the target date; and a 

statement that TDFs do not guarantee 

adequate retirement income and that 

participants and beneficiaries may lose 

money by investing in the TDF, 

including losses near and following 

retirement. Additional background and 

other information are contained in the 

Supplementary Information published 

with the proposed amendments.2 The 

comment period for the proposal 

originally closed on January 14, 2011. 

Throughout this regulatory initiative, 

the Department has consulted with the 

Securities and Exchange Commission 

(Commission). In the proposal, the 

Department specifically requested 

comment on whether the final rule 

should incorporate any of the elements 

of a rule proposed by the Commission 

to address concerns regarding the 

potential for investor 

misunderstandings about TDFs.3 In 

response, a large number of commenters 

strongly encouraged careful 

coordination with the Commission to 

avoid the potential cost and confusion 

(on the part of plan sponsors and 

participants and beneficiaries) that 

could result if the two agencies were to 

establish inconsistent disclosure 

requirements. Because of the 

relationship between the Department’s 

and the Commission’s regulatory 

proposals, the Department has 

continued to consult with Commission 

staff while working to issue a final rule. 

Accordingly, when the Commission 

reopened the public comment period for 

its proposal in 2012 to solicit feedback 

on research findings from the 

Commission’s investor testing of 

comprehension and communication 

issues relating to TDFs,4 the Department 

similarly reopened the comment period 

for its proposed TDF regulation.5 At that 

time, the Department invited additional 

comments in light of the Commission’s 

research and received ten additional 

public comments, which are available 

for review on the Department’s Web 

site.6 Both agencies then resumed work 

on their respective regulatory initiatives. 

In April 2013, the Commission’s 

Investor Advisory Committee 

(Committee) formally submitted several 

recommendations 7 concerning target 

date mutual funds. These 

recommendations include, for example, 

that the Commission ‘‘develop a glide 

path illustration for target date funds 

that is based on a standardized measure 

of fund risk . . . as either a replacement 

for or supplement to its proposed asset 

allocation glide path illustration.’’ 8 In 

response to the Committee’s 

recommendations, the Commission 

again reopened the public comment 

period for its proposal on April 9, 2014, 

and requested comments on or before 

June 9, 2014.9

Accordingly, the Department has also 

decided to reopen the comment period 

for its regulatory proposal. Although the 

principal purpose of this action is to 

obtain public comments on the 

Committee’s recommendations, 

including the development of a glide 

path illustration based on a 

standardized measure of fund risk, the 

Department also welcomes comments 

on any other matters that may have an 

effect on the Department’s proposal. 

Parties who submit comments 

responding to the Commission’s 

reopened comment period, and which 

are germane to the Department’s 

rulemaking initiative, may send a copy 

to the Department or simply notify the 

Department of such comment and 

request that it be included in the record 

of the Department’s rulemaking as well. 

Accordingly, the Department is 

extending the comment period until 

July 3, 2014. 


wreier-aviles on DSK5TPTVN1PROD with PROPOSALS
Federal Register / Vol. 79, No. 106 / Tuesday, June 3, 2014 / Proposed Rules 31895 

Signed at Washington, DC, this 27th day of 

May, 2014. 

Phyllis C. Borzi, 

Assistant Secretary, Employee Benefits 

Security Administration, Department of 

Labor. 

[FR Doc. 2014–12667 Filed 6–2–14; 8:45 am] 

BILLING CODE 4510–29–P 

DEPARTMENT OF LABOR 

Mine Safety and Health Administration 

30 CFR Parts 7 and 75 

RIN 1219–AB79 

Refuge Alternatives for Underground 

Coal Mines 

AGENCY: Mine Safety and Health 

Administration, Labor. 

ACTION: Request for information; 

extension of comment period. 

SUMMARY: In response to requests from 

interested parties, the Mine Safety and 

Health Administration (MSHA) is 

extending the comment period on the 

Agency’s Request for Information (RFI) 

on Refuge Alternatives for Underground 

Coal Mines. This extension gives 

interested parties additional time to 

review research reports and other 

relevant information. 

DATES: Comments must be received by 

midnight Eastern Daylight Saving Time 

on October 2, 2014. 

ADDRESSES: Submit comments and 

supporting documentation by any of the 

following methods: 

• Federal E-Rulemaking Portal: 

http://www.regulations.gov. Follow the 

on-line instructions for submitting 

comments for Docket Number MSHA– 

2013–0033. 

• Electronic mail: zzMSHAcomments@dol.gov. Include ‘‘RIN 1219– 

AB79’’ in the subject line of the 

message. 

• Mail: Send comments to MSHA, 

Office of Standards, Regulations, and 

Variances, 1100 Wilson Boulevard, 

Room 2350, Arlington, Virginia 22209– 

3939. 

• Hand Delivery or Courier: MSHA, 

Office of Standards, Regulations, and 

Variances, 1100 Wilson Boulevard, 

Room 2350, Arlington, Virginia, 

between 9:00 a.m. and 5:00 p.m. 

Monday through Friday, except Federal 

holidays. Sign in at the receptionist’s 

desk on the 21st floor. 

Instructions: Clearly identify all 

submissions with ‘‘RIN 1219–AB79’’. 

Because comments will not be edited to 

remove any identifying or contact 

information, MSHA cautions the 

commenter against including 

information in the submission that 

should not be publicly disclosed. 

FOR FURTHER INFORMATION CONTACT: 

Sheila A. McConnell, Deputy Director, 

Office of Standards, Regulations, and 

Variances, MSHA, at 

mcconnell.sheila.a@dol.gov (email); 

202–693–9440 (voice); or 202–693–9441 

(facsimile). 

SUPPLEMENTARY INFORMATION: On August 

8, 2013 (78 FR 48593), MSHA published 

a Request for Information on Refuge 

Alternatives for Underground Coal 

Mines. The RFI comment period was 

originally scheduled to close on October 

7, 2013. In response to requests from the 

public, MSHA extended the comment 

period to December 6, 2013 (78 FR 

58264) and again to June 2, 2014 (78 FR 

73471) to allow interested parties time 

to review National Institute for 

Occupational Safety and Health 

(NIOSH) studies that bear on certain 

issues raised in the RFI. 

MSHA received a request for an 

additional 120-day extension of the 

comment period to allow the public to 

consider NIOSH research reports on 

refuge alternatives. In response, MSHA 

is extending the comment period to 

October 2, 2014. 

MSHA also reminds the mining 

community that after April 9, 2015, in 

accordance with 42 CFR 84.301, 

previously NIOSH-approved selfcontained self-rescue devices (SCSRs) 

will no longer be manufactured and sold 

as NIOSH approved. MSHA encourages 

the mining community to submit 

information on how NIOSH’s revised 

requirements for approval of closedcircuit escape respirators (CCER) under 

42 CFR Part 84 would affect their 

responses to the In-Place Shelter and 

Escape Methodology sections in the RFI 

on refuge alternatives. This extension 

provides the mining community 

additional time to submit comments on 

CCERs. 

Dated: May 28, 2014. 

Joseph A. Main, 

Assistant Secretary of Labor for Mine Safety 

and Health. 

[FR Doc. 2014–12749 Filed 6–2–14; 8:45 am] 

BILLING CODE 4510–43–P 

DEPARTMENT OF HOMELAND 

SECURITY 

Coast Guard 

33 CFR Part 165 

[Docket Number USCG–2014–0169] 

RIN 1625–AA00 

Safety Zone; Escape to Miami 

Triathlon, Biscayne Bay; Miami, FL 

AGENCY: Coast Guard, DHS. 

ACTION: Notice of Proposed Rulemaking. 

SUMMARY: The Coast Guard proposes to 

establish a temporary safety zone on the 

waters of Biscayne Bay, east of Margaret 

Pace Park, Miami, Florida during the 

Publix Escape to Miami Triathlon. The 

Publix Escape to Miami Triathlon is 

scheduled to take place on September 

28, 2014. The temporary safety zone is 

necessary to provide for the safety of the 

participants, participant vessels, 

spectators, and the general public 

during the event. The safety zone 

establishes a regulated area that will 

encompass the swim area of the event. 

Non-participant persons and vessels are 

prohibited from entering, transiting 

through, anchoring in, or remaining 

within the safety zone unless authorized 

by the Captain of the Port Miami or a 

designated representative. 

DATES: Comments and related material 

must be received by the Coast Guard on 

or before July 18, 2014. 

Requests for public meetings must be 

received by the Coast Guard on or before 

July 3, 2014. 

ADDRESSES: You may submit comments 

identified by docket number using any 

one of the following methods: 

(1) Federal eRulemaking Portal: 

http://www.regulations.gov. 

(2) Fax: 202–493–2251. 

(3) Mail or Delivery: Docket 

Management Facility (M–30), U.S. 

Department of Transportation, West 

Building Ground Floor, Room W12–140, 

1200 New Jersey Avenue SE., 

Washington, DC 20590–0001. Deliveries 

accepted between 9 a.m. and 5 p.m., 

Monday through Friday, except federal 

holidays. The telephone number is 202– 

366–9329. See the ‘‘Public Participation 

and Request for Comments’’ portion of 

the SUPPLEMENTARY INFORMATION section 

below for further instructions on 

submitting comments. To avoid 

duplication, please use only one of 

these three methods. 

FOR FURTHER INFORMATION CONTACT: If 

you have questions on this rule, call or 

email Petty Officer John K. Jennings, 

Sector Miami Prevention Department, 


wreier-aviles on DSK5TPTVN1PROD with PROPOSALS