Federal Register / Vol. 87, No. 108 / Monday, June 6, 2022 / Proposed Rules 34223 

(a) Comments Due Date 

The FAA must receive comments on this 

airworthiness directive (AD) by July 21, 2022. 

(b) Affected ADs 

None. 

(c) Applicability 

This AD applies to CFM International, S.A. 

(CFM) LEAP–1B21, LEAP–1B23, LEAP– 

1B25, LEAP–1B27, LEAP–1B28, LEAP– 

1B28B1, LEAP–1B28B2, LEAP–1B28B2C, 

LEAP–1B28B3, LEAP–1B28BBJ1, and LEAP– 

1B28BBJ2 model turbofan engines with an 

installed inner radial drive shaft (RDS) with 

a serial number listed in Additional 

Information, paragraph 6.A., Table 1, of CFM 

Service Bulletin (SB) LEAP–1B–72–00–0365– 

01A–930A–D, Issue 003–00, dated April 26, 

2022 (CFM LEAP–1B–72–00–0365–01A– 

930A–D). 

(d) Subject 

Joint Aircraft System Component (JASC) 

Code 7260, Turbine Engine Accessory Drive. 

(e) Unsafe Condition 

This AD was prompted by multiple 

commanded in-flight shutdowns (IFSDs) due 

to inner RDS failure. The FAA is issuing this 

AD to prevent failure of the inner RDS and 

subsequent IFSDs. The unsafe condition, if 

not addressed, could result in failure of one 

or more engines, loss of thrust control, and 

loss of the airplane. 

(f) Compliance 

Comply with this AD within the 

compliance times specified, unless already 

done. 

(g) Required Actions 

(1) Before exceeding 50 flight hours (FHs) 

after the effective date of this AD, and 

thereafter at intervals not to exceed 50 FHs 

from the previous inspection, inspect the 

transfer gearbox (TGB) TGB1 and TGB2 

scavenge screens in accordance with the 

Accomplishment Instructions, paragraph 

5.A.(1), of CFM LEAP–1B–72–00–0365–01A– 

930A–D. 

(2) If, during any inspection required by 

paragraph (g)(1) of this AD, any metallic 

particles are found, before further flight, 

perform the actions in the Accomplishment 

Instructions, paragraphs 5.A.(2) and (3), of 

CFM LEAP–1B–72–00–0365–01A–930A–D. 

Where paragraph 5.A.(3)(b) of CFM LEAP– 

1B–72–00–0365–01A–930A–D specifies to 

remove the engine, this AD instead requires 

replacement or rework of the inner RDS in 

accordance with the Accomplishment 

Instructions, paragraph 5.A., of CFM SB 

LEAP–1B–72–00–0258–01A–930A–C Issue 

002, dated September 15, 2020 (CFM SB 

LEAP–1B–72–00–0258–01A–930A–C). 

(h) Mandatory Terminating Action 

As a mandatory terminating action to the 

initial and repetitive inspections of the TGB1 

and TGB2 scavenge screens required by 

paragraph (g)(1) of this AD, at the next piecepart exposure after the effective date of this 

AD, replace or rework the inner RDS in 

accordance with the Accomplishment 

Instructions, paragraph 5.A., of CFM SB 

LEAP–1B–72–00–0258–01A–930A–C. 

(i) Installation Prohibition 

After the effective date of this AD, do not 

install an engine with an affected inner RDS 

onto an airplane that already has one engine 

with an affected inner RDS installed. 

(j) Definitions 

For the purpose of this AD, ‘‘piece-part 

exposure’’ is when the fan frame shroud is 

separated from the fan hub. 

(k) Alternative Methods of Compliance 

(AMOCs) 

(1) The Manager, ECO Branch, FAA, has 

the authority to approve AMOCs for this AD, 

if requested using the procedures found in 14 

CFR 39.19. In accordance with 14 CFR 39.19, 

send your request to your principal inspector 

or local Flight Standards District Office, as 

appropriate. If sending information directly 

to the manager of the certification office, 

send it to the attention of the person 

identified in paragraph (l)(1) of this AD and 

email to: ANE-AD-AMOC@faa.gov. 

(2) Before using any approved AMOC, 

notify your appropriate principal inspector, 

or lacking a principal inspector, the manager 

of the local flight standards district office/ 

certificate holding district office. 

(l) Related Information 

(1) For more information about this AD, 

contact Mehdi Lamnyi, Aviation Safety 

Engineer, ECO Branch, FAA, 1200 District 

Avenue, Burlington, MA 01803; phone: (781) 

238–7743; email: Mehdi.Lamnyi@faa.gov. 

(2) For service information identified in 

this AD, contact CFM International, S.A., 

Aviation Operations Center, 1 Neumann 

Way, M/D Room 285, Cincinnati, OH 45125; 

phone: (877) 432–3272; email: fleetsupport@

ge.com. You may view this referenced service 

information at the FAA, Airworthiness 

Products Section, Operational Safety Branch, 

1200 District Avenue, Burlington, MA 01803. 

For information on the availability of this 

material at the FAA, call (817) 222–5110. 

Issued on May 5, 2022. 

Lance T. Gant, 

Director, Compliance & Airworthiness 

Division, Aircraft Certification Service. 

[FR Doc. 2022–11897 Filed 6–3–22; 8:45 am] 

BILLING CODE 4910–13–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

26 CFR Part 1 

[REG–122770–18] 

RIN 1545–BP00 

Use of Actuarial Tables in Valuing 

Annuities, Interests for Life or a Term 

of Years, and Remainder or 

Reversionary Interests; Correction 

AGENCY: Internal Revenue Service (IRS), 

Treasury. 

ACTION: Correction to a notice of 

proposed rulemaking. 

SUMMARY: This document contains 

corrections to a notice of proposed 

rulemaking (REG–122770–18) that was 

published in the Federal Register on 

Thursday, May 5, 2022. The proposed 

rulemaking proposed regulations 

relating to the use of actuarial tables in 

valuing annuities, interests for life or a 

term of years, and remainder or 

reversionary interests. 

DATES: Written or electronic comments 

and requests for a public hearing are 

still being accepted and must be 

received by July 5, 2022. 

ADDRESSES: Commenters are strongly 

encouraged to submit public comments 

electronically. Submit electronic 

submissions via the Federal 

eRulemaking Portal at 

www.regulations.gov (indicate IRS and 

REG–122770–18) by following the 

online instructions for submitting 

comments. Once submitted to the 

Federal eRulemaking Portal, comments 

cannot be edited or withdrawn. The IRS 

expects to have limited personnel 

available to process public comments 

that are submitted on paper through 

mail. Until further notice, any 

comments submitted on paper will be 

considered to the extent practicable. 

The Department of the Treasury 

(Treasury Department) and the IRS will 

publish for public availability any 

comment submitted electronically, and 

to the extent practicable on paper, to its 

public docket. Send paper submissions 

to: CC:PA:LPD:PR (REG–122770–18), 

Room 5203, Internal Revenue Service, 

P.O. Box 7604, Ben Franklin Station, 

Washington, DC 20044. 

FOR FURTHER INFORMATION CONTACT: 

Concerning the proposed regulations, 

Mayer R. Samuels of the Office of 

Associate Chief Counsel (Passthroughs 

and Special Industries), (202) 317–6859; 

concerning the submission of comments 

or requests for a public hearing, Regina 

L. Johnson, (202) 317–5177, (not tollfree numbers). 

SUPPLEMENTARY INFORMATION: 

Background 

The notice of proposed rulemaking 

that is the subject of this document is 

under section 7520 of the Internal 

Revenue Code. 

Need for Correction 

As published, the notice of proposed 

rulemaking (REG–122770–18) contains 

errors that need to be corrected. 

Correction of Publication 

Accordingly, the notice of proposed 

rulemaking (REG–122770–18), which 

was the subject of FR Doc. 2022–02303, 


lotter on DSK11XQN23PROD with PROPOSALS1
34224 Federal Register / Vol. 87, No. 108 / Monday, June 6, 2022 / Proposed Rules 

1The AML Act was enacted as Division F, 

sections 6001–6511, of the William M. (Mac) 

Thornberry National Defense Authorization Act for 

Fiscal Year 2021, Public Law 116–283 (2021). 

2Section 6003(3) of the AML Act provides that 

the term ‘‘Federal functional regulator’’ (A) ‘‘has the 

meaning given the term in section 509 of the 

Gramm-Leach-Bliley Act (15 U.S.C. 6809)’’ and (B) 

‘‘includes any Federal regulator that examines a 

financial institution for compliance with the Bank 

Secrecy Act.’’ Under the relevant provision of the 

Gramm-Leach-Bliley Act, the term ‘‘Federal 

functional regulator’’ refers to ‘‘(A) the Board of 

Governors of the Federal Reserve System; (B) the 

Office of the Comptroller of the Currency; (C) the 

Board of Directors of the Federal Deposit Insurance 

Corporation; (D) the Director of the Office of Thrift 

Supervision; (E) the National Credit Union 

Administration Board; and (F) the Securities and 

Exchange Commission.’’ 15 U.S.C. 6809(2). 

3AML Act section 6305(a)(1). 

4 Id. section 6305(b). 

5See FinCEN, A Report to Congress: Assessment 

of No-Action Letters in Accordance with Section 

6305 of the Anti-Money Laundering Act of 2020 

(June 28, 2021), https://www.fincen.gov/sites/ 

default/files/shared/No-Action%20

Letter%20Report%20to%20Congress%20per%20

AMLA%20for%20ExecSec%20

Clearance%20508.pdf. 

6Section 6003(1) of the AML Act defines the 

Bank Secrecy Act as comprising Section 21 of the 

Federal Deposit Insurance Act (12 U.S.C. 1829b), 

Chapter 2 of Title I of Public Law 91–508 (12 U.S.C. 

1951 et seq.), and Subchapter II of Chapter 53 of 

Title 31 of the United States Code. 

7 31 U.S.C. 5311(1), (5). 

8Treasury Order 180–01 (Jan. 14, 2020). 

published May 5, 2022, at 87 FR 26806, 

is corrected as follows: 

1. On page 26809, in the first column, 

the third and fourth lines from the 

bottom of the partial paragraph of (b)(2), 

the language, ‘‘in the in the’’ is corrected 

to read ‘‘in the’’. 

2. On page 26811, in the third 

column, the fifth line from the bottom 

of paragraph (e)(1), the language, ‘‘in the 

in the’’ is corrected to read ‘‘in the’’. 

3. On page 26812, in the first column, 

the second line of paragraph (e)(3)(i), 

the language, ‘‘lx’’ is corrected to read 

‘‘lx’’. 

4. On page 26815, in the first column, 

the third line of paragraph (a)(1), the 

language, ‘‘lx’’ is corrected to read ‘‘lx’’. 

Oluwafunmilayo A. Taylor, 

Branch Chief, Publications and Regulations 

Branch, Legal Processing Division, Associate 

Chief Counsel, (Procedure and 

Administration). 

[FR Doc. 2022–12105 Filed 6–3–22; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Financial Crimes Enforcement Network 

31 CFR Part 1010 

RIN 1506–AB55 

No-Action Letter Process 

AGENCY: Financial Crimes Enforcement 

Network (FinCEN), Treasury. 

ACTION: Advance notice of proposed 

rulemaking. 

SUMMARY: FinCEN is issuing this 

advance notice of proposed rulemaking 

(ANPRM) to solicit public comment on 

questions relating to the implementation 

of a no-action letter process at FinCEN. 

Given that the addition of a no-action 

letter process at FinCEN may affect or 

overlap with other forms of regulatory 

guidance and relief that FinCEN already 

offers, including administrative rulings 

and exceptive or exemptive relief, this 

ANPRM, among other things, seeks 

public input on whether a no-action 

letter process should be implemented 

and, if so, how the no-action letter 

process should interact with those other 

forms of relief. 

DATES: Written comments on this 

ANPRM must be received on or before 

August 5, 2022. 

ADDRESSES: Comments may be 

submitted by any of the following 

methods: 

• Federal E-rulemaking Portal: http:// 

www.regulations.gov. Follow the 

instructions for submitting comments. 

Refer to Docket Number FINCEN–2022– 

0007 and RIN 1506–AB55. 

• Mail: Financial Crimes Enforcement 

Network, Enforcement and Compliance 

Division, P.O. Box 39, Vienna, VA 

22183. Refer to Docket Number 

FINCEN–2022–0007 and RIN 1506– 

AB55. 

FOR FURTHER INFORMATION CONTACT: The 

FinCEN Regulatory Support Section at 

1–800–767–2825 or electronically at 

https://www.fincen.gov/contact. 

SUPPLEMENTARY INFORMATION: 

I. Scope of ANPRM 

This ANPRM seeks comment on the 

possibility of FinCEN establishing a noaction letter process. Section 6305(a) of 

the Anti-Money Laundering Act of 2020 

(the AML Act) 1 requires the Director of 

FinCEN, in consultation with the 

Attorney General, the Federal functional 

regulators,2 State bank supervisors, 

State credit union supervisors, and 

other Federal agencies, as appropriate 

(the ‘‘Consulting Parties’’), to conduct 

an assessment of whether to establish a 

process for FinCEN to issue no-action 

letters in response to inquiries 

concerning whether and how antimoney laundering or countering the 

financing of terrorism laws and 

regulations apply to specific conduct 

(the ‘‘Assessment’’).3 Section 6305(b) of 

the AML Act requires the Secretary of 

the Treasury (the ‘‘Secretary’’), ‘‘in 

coordination with the Director of the 

Federal Bureau of Investigation, the 

Attorney General, the Secretary of 

Homeland Security, and the Federal 

functional regulators’’ (the 

‘‘Coordinating Parties’’), to submit to the 

Committee on Banking, Housing, and 

Urban Affairs of the Senate and the 

Committee on Financial Services of the 

House of Representatives a report with 

findings and determinations from the 

Assessment (the ‘‘Report’’), as well as to 

propose rulemakings, if appropriate, to 

implement the findings and 

determinations.4

On June 28, 2021, FinCEN submitted 

the Report to Congress. The Report 

concluded that FinCEN should 

undertake a rulemaking to establish a 

no-action letter process to supplement 

the existing forms of regulatory 

guidance and relief that third parties 

may request from FinCEN.5 Consistent 

with that conclusion, this ANPRM seeks 

initial public input on the need for a noaction letter process and potential 

procedures and rules regarding its 

implementation. 

Because the adoption of a no-action 

letter process may affect existing forms 

of regulatory guidance and relief offered 

by FinCEN, this ANPRM also seeks 

public input on how a no-action letter 

process should interact with those 

mechanisms and whether the addition 

of a no-action letter process is 

appropriate. 

II. Background 

A. The Bank Secrecy Act 

Enacted in 1970 and amended most 

recently by the AML Act, the Bank 

Secrecy Act (BSA) aids in the 

prevention of money laundering, 

terrorism financing, and other illicit 

financial activity.6 One stated purpose 

of the BSA is to ‘‘require certain reports 

or records that are highly useful in—(A) 

criminal, tax, or regulatory 

investigations, risk assessments, or 

proceedings; or (B) intelligence or 

counterintelligence activities, including 

analysis, to protect against terrorism.’’ 

Another purpose of the BSA is to 

‘‘establish appropriate frameworks for 

information sharing’’ among financial 

institutions and government 

authorities.7

Congress has authorized the Secretary 

to administer the BSA. The Secretary 

has delegated to the Director of FinCEN 

(the ‘‘Director’’) the authority to 

implement, administer, and enforce 

compliance with the BSA and 

associated regulations.8 FinCEN is 

authorized to require financial 

institutions or nonfinancial trades or 

businesses to maintain procedures to 

ensure compliance with the BSA and 


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