5606 Federal Register / Vol. 90, No. 11 / Friday, January 17, 2025 / Rules and Regulations 

Regulatory Flexibility Act 

The Commission certifies that this 

rule will not have a significant 

economic effect on a substantial number 

of small entities under the Regulatory 

Flexibility Act (5 U.S.C. 601 et seq.) 

because the rule makes annual 

adjustments for inflation. 

Small Business Regulatory Enforcement 

Fairness Act 

This final rule is not a major rule 

under 5 U.S.C. 804(2), the Small 

Business Regulatory Enforcement 

Fairness Act. It will not result in the 

expenditure by state, local, or tribal 

governments, in the aggregate, or by the 

private sector of $100 million or more 

in any one year. The rule will not result 

in a major increase in costs or prices for 

consumers, individual industries, 

federal, state, or local government 

agencies, or geographic regions. Nor will 

this rule have significant adverse effects 

on competition, employment, 

investment, productivity, innovation, or 

the ability of the U.S.-based enterprises 

to compete with foreign-based 

enterprises. 

Unfunded Mandates Reform Act 

This final rule does not impose an 

unfunded mandate of more than $100 

million per year on state, local, or tribal 

governments or the private sector. The 

rule also does not have a significant or 

unique effect on state, local, or tribal 

governments or the private sector. 

Therefore, a statement containing the 

information required by the Unfunded 

Mandates Reform Act (2 U.S.C. 1531 et 

seq.) is not required. 

Takings 

Under the criteria in Executive Order 

12630, this final rule does not affect 

individual property rights protected by 

the Fifth Amendment nor does it 

involve a compensable ‘‘taking.’’ Thus, 

a takings implication assessment is not 

required. 

Federalism 

Under the criteria in Executive Order 

13132, this final rule has no substantial 

direct effect on the states, on the 

relationship between the national 

government and the states, or on the 

distribution of power and 

responsibilities among the various 

levels of government. 

Civil Justice Reform 

This final rule complies with the 

requirements of Executive Order 12988. 

Specifically, this rule has been reviewed 

to eliminate errors and ambiguity and 

written to minimize litigation. It is 

written in clear language and contains 

clear legal standards. 

Consultation With Indian Tribes 

In accordance with the President’s 

memorandum of April 29, 1994, 

Government-to-Government Relations 

with Native American Tribal 

Governments, Executive Order 13175 

(59 FR 22951, November 6, 2000), the 

Commission has determined that 

consultations with Indian gaming tribes 

is not practicable, as Congress has 

mandated that annual civil penalty 

adjustments in the Act be implemented 

no later than January 15th of each year. 

Paperwork Reduction Act 

This final rule does not affect any 

information collections under the 

Paperwork Reduction Act. 

National Environmental Policy Act 

This final rule does not constitute a 

major federal action significantly 

affecting the quality of the human 

environment. 

Information Quality Act 

In developing this final rule, the 

Commission did not conduct or use a 

study, experiment, or survey requiring 

peer review under the Information 

Quality Act (Pub. L. 106–554). 

Effects on the Energy Supply 

This final rule is not a significant 

energy action under the definition in 

Executive Order 13211. A Statement of 

Energy Effects is not required. 

Clarity of this Regulation 

The Commission is required by 

Executive Orders 12866 and 12988 and 

by the Presidential Memorandum of 

June 1, 1998, to write all rules in plain 

language. This means that each rule that 

the Commission publishes must: 

(a) be logically organized; 

(b) use the active voice to address 

readers directly; 

(c) use clear language rather than 

jargon; 

(d) be divided into short sections and 

sentences; and 

(e) use lists and tables wherever 

possible. 

Required Determinations Under the 

Administrative Procedure Act 

In accordance with the Act, agencies 

are to annually adjust civil monetary 

penalties without providing an 

opportunity for notice and comment, 

and without a delay in its effective date. 

Therefore, the Commission is not 

required to complete a notice and 

comment process prior to promulgation. 

List of Subjects in 25 CFR Part 575 

Administrative practice and 

procedure, Gaming, Indians-lands, 

Penalties. 

For the reasons set forth in the 

preamble, the Commission amends 25 

CFR part 575 as follows: 

PART 575—CIVIL FINES 

■ 1. The authority citation for part 575 

continues to read as follows: 

Authority: 25 U.S.C. 2705(a), 2706, 2713, 

2715; and Sec. 701, Pub. L. 114–74, 129 Stat. 

599. 

§ 575.4 [Amended] 

■ 2. Amend § 575.4, in the introductory 

text, by removing ‘‘$63,992’’ and adding 

in its place ‘‘$65,655’’. 

Dated: January 13, 2025. 

Sharon M. Avery, 

Chair (Acting). 

Jean C. Hovland, 

Vice Chair. 

[FR Doc. 2025–01060 Filed 1–16–25; 8:45 am] 

BILLING CODE 7565–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

26 CFR Part 1 

[TD 10016] 

RIN 1545–BO07 

Taxable Income or Loss and Currency 

Gain or Loss With Respect to a 

Qualified Business Unit; Correction 

AGENCY: Internal Revenue Service (IRS), 

Treasury. 

ACTION: Final rule; correction and 

correcting amendments. 

SUMMARY: This document includes 

corrections to a final regulation 

(Treasury Decision 10016) published in 

the Federal Register on Wednesday, 

December 11, 2024. Treasury Decision 

10016 contained final regulations 

relating to the determination of taxable 

income or loss and foreign currency 

gain or loss with the respect to a 

qualified business unit. 

DATES: These corrections are effective 

on January 17, 2025. For dates of 

applicability, see § 1.987–15. 

FOR FURTHER INFORMATION CONTACT: 

Concerning the final regulations 

generally, Adam G. Province at (865) 

329–4546; concerning the character and 

source of section 987 gain or loss, Larry 

Pounders at (202) 317–5465; concerning 

consolidated groups, Jeremy Aron-Dine 


KHAMMOND on DSK9W7S144PROD with RULES
Federal Register / Vol. 90, No. 11 / Friday, January 17, 2025 / Rules and Regulations 5607 

at (202) 317–6847 (not toll-free 

numbers). 

SUPPLEMENTARY INFORMATION: 

Background 

The final regulations (TD 10016) that 

are the subject of this correction are 

under sections 861, 985 through 989, 

and 1502 of the Internal Revenue Code. 

Corrections to Publication 

Accordingly, FR Doc. 2024–28372 (TD 

10016) appearing on page 100138 in the 

Federal Register on Wednesday, 

December 11, 2024, is corrected as 

follows: 

1. On page 100155, in the third 

column, under the caption ‘‘A. Loss 

Suspension Rule 1. In General’’, the 

second line of the third full paragraph 

is corrected to read ‘‘proposed § 1.987– 

11(c)’’. 

List of Subjects in 26 CFR Part 1 

Income taxes, Reporting and 

recordkeeping requirements. 

Correction to the Regulations 

Accordingly, 26 CFR part 1 is 

corrected by making the following 

correcting amendments: 

PART 1—INCOME TAXES 

■ Paragraph 1. The authority citation 

for part 1 continues to read in part as 

follows: 

Authority: 26 U.S.C. 7805 * * * 

■ Par. 2. Section 1.987–1 is amended by 

revising the first sentence of paragraph 

(b)(3)(ii)(A) to read as follows: 

§ 1.987–1 Scope, definitions, and special 

rules. 

* * * * * 

(b) * * * 

(3) * * * 

(ii) * * * 

(A) * * * Solely for purposes of 

section 987, an owner may elect to treat 

all section 987 QBUs with the same 

functional currency as a single section 

987 QBU except to the extent provided 

in paragraph (b)(3)(ii)(B) of this section. 

* * * 

* * * * * 

■ Par. 3. Section 1.987–2 is amended by 

revising the second sentence of 

paragraph (c)(10)(xviii)(B)(2) to read as 

follows: 

§ 1.987–2 Attribution of items to eligible 

QBUs; definition of a transfer and related 

rules. 

* * * * * 

(c) * * * 

(10) * * * 

(xviii) * * * 

(B) * * * 

(2) * * * Under § 1.987–5(c)(4) and 

§ 1.987–8(e), a termination of a section 

987 QBU is treated as a remittance of all 

the gross assets of the section 987 QBU 

to the owner on the date of the 

termination. * * * 

* * * * * 

§ 1.1502–13 [Amended] 

■ Par. 4. Section 1.1502–13 is amended 

by redesignating the second occurrence 

of paragraph (j)(10)(vi) as (j)(10)(vii). 

Regina L. Johnson, 

Federal Register Liaison, Publications and 

Regulations Section, Associate Chief Counsel 

(Procedure and Administration). 

[FR Doc. 2025–01248 Filed 1–16–25; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF JUSTICE 

Office of the Attorney General 

28 CFR Part 0 

[Docket No. OAG 172; AG Order No. 6146– 

2025] 

Office of Legal Policy 

AGENCY: Department of Justice. 

ACTION: Final rule. 

SUMMARY: This rule amends the Code of 

Federal Regulations to update the 

organizational description of the Office 

of Legal Policy to reflect current 

practice. 

DATES: This rule is effective January 17, 

2025. 

FOR FURTHER INFORMATION CONTACT: 

Robert Hinchman, Senior Counsel, 

Office of Legal Policy, U.S. Department 

of Justice, RFK Main Justice Building, 

950 Pennsylvania Avenue NW, Room 

4252, Washington, DC 20530. 

Telephone: (202) 514–8059. 

SUPPLEMENTARY INFORMATION: 

I. Background 

In the Department of Justice’s 

organizational regulations, 28 CFR 0.23 

describes the ‘‘General Functions’’ of 

the Office of Legal Policy (‘‘OLP’’), but 

some of those provisions are out of date. 

For that reason, this final rule revises 

§ 0.23 to better reflect OLP’s current 

structure and functions. The final rule 

also removes two other regulatory 

provisions—28 CFR 0.23b and 0.15(f)— 

because they reference a former OLP 

entity that no longer exists. 

II. Administrative Procedure Act 

This rule is a rule of agency 

organization and procedure, and relates 

to the internal management of the 

Department of Justice. It is therefore 

exempt from the requirements of notice 

and comment and a delayed effective 

date. 5 U.S.C. 553(b), (d). 

III. Regulatory Requirements 

A. Regulatory Flexibility Act 

A Regulatory Flexibility Analysis is 

not required to be prepared for this final 

rule since the Department was not 

required to publish a general notice of 

proposed rulemaking for this matter. 

See 5 U.S.C. 604(a). 

B. Executive Orders 12866, 13563, and 

14094: Regulatory Planning and Review 

This final rule has been drafted and 

reviewed in accordance with Executive 

Order 12866 (Regulatory Planning and 

Review), Executive Order 13563 

(Improving Regulation and Regulatory 

Review), and Executive Order 14094 

(Modernizing Regulatory Review). This 

action is limited to agency organization, 

management, and personnel matters and 

therefore is not a ‘‘regulation’’ or ‘‘rule’’ 

under Executive Order 12866, section 

3(d)(3). Accordingly, this action has not 

been reviewed by the Office of 

Management and Budget. 

C. Executive Order 13132: Federalism 

This rule will not have substantial 

direct effects on the States, on the 

relationship between the National 

Government and the States, or on the 

distribution of power and 

responsibilities among the various 

levels of government. Therefore, in 

accordance with section 6 of Executive 

Order 13132, the Department has 

determined that this rule does not have 

federalism implications warranting the 

preparation of a federalism summary 

impact statement. 

D. Executive Order 12988: Civil Justice 

Reform 

This rule meets the applicable 

standards set forth in sections 3(a) and 

3(b)(2) of Executive Order 12988. 

E. Unfunded Mandates Reform Act of 

1995 

This rule will not result in the 

expenditure by State, local, and Tribal 

governments, in the aggregate, or by the 

private sector, of $100,000,000 or more 

in any one year (adjusted for inflation), 

and it does not establish requirements 

that might significantly or uniquely 

affect small governments. Therefore, no 

actions were deemed necessary under 

the provisions of the Unfunded 

Mandates Reform Act of 1995. 

F. Congressional Review Act 

This action pertains to agency 

management, personnel, and 


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