31620 Federal Register / Vol. 86, No. 113 / Tuesday, June 15, 2021 / Rules and Regulations 

years in the select period (the period 

during which the select rate (the initial 

rate) applies), an increase of 0.31 

percent in the select rate, and an 

increase of 0.55 percent in the ultimate 

rate (the final rate). 

Need for Immediate Guidance 

PBGC has determined that notice of, 

and public comment on, this rule are 

impracticable, unnecessary, and 

contrary to the public interest. PBGC 

routinely updates the interest 

assumptions in appendix B of the asset 

allocation regulation each quarter so 

that they are available to value benefits. 

Accordingly, PBGC finds that the public 

interest is best served by issuing this 

rule expeditiously, without an 

opportunity for notice and comment, 

and that good cause exists for making 

the assumptions set forth in this 

amendment effective less than 30 days 

after publication to allow the use of the 

proper assumptions to estimate the 

value of plan benefits for plans with 

valuation dates early in the third quarter 

of 2021. 

PBGC has determined that this action 

is not a ‘‘significant regulatory action’’ 

under the criteria set forth in Executive 

Order 12866. 

Because no general notice of proposed 

rulemaking is required for this 

amendment, the Regulatory Flexibility 

Act of 1980 does not apply. See 5 U.S.C. 

601(2). 

List of Subjects in 29 CFR Part 4044 

Employee benefit plans, Pension 

insurance, Pensions. 

In consideration of the foregoing, 29 

CFR part 4044 is amended as follows: 

PART 4044—ALLOCATION OF 

ASSETS IN SINGLE–EMPLOYER 

PLANS 

■ 1. The authority citation for part 4044 

continues to read as follows: 

Authority: 29 U.S.C. 1301(a), 1302(b)(3), 

1341, 1344, 1362. 

■ 2. In appendix B to part 4044, an entry 

for ‘‘July–September 2021’’ is added at 

the end of the table to read as follows: 

Appendix B to Part 4044—Interest 

Rates Used to Value Benefits 

* * * * * 

For 

valuation dates 

occurring in the 

month— 

The values of it are: 

it for t = it for t = it for t = 

*******

July–September 2021 ........................................................... 0.0213 1–25 0.0223 >25 N/A N/A 

Issued in Washington, DC. 

Hilary Duke, 

Assistant General Counsel for Regulatory 

Affairs, Pension Benefit Guaranty 

Corporation. 

[FR Doc. 2021–12483 Filed 6–14–21; 8:45 am] 

BILLING CODE 7709–02–P 

DEPARTMENT OF THE TREASURY 

31 CFR Part 50 

Terrorism Risk Insurance Program; 

Updated Regulations in Light of the 

Terrorism Risk Insurance Program 

Reauthorization Act of 2019, and for 

Other Purposes; Correction 

AGENCY: Departmental Offices, 

Department of the Treasury. 

ACTION: Final rule, technical correction. 

SUMMARY: The Department of the 

Treasury (Treasury) is correcting a final 

rule that published on June 9, 2021. The 

final rule implemented changes to the 

Terrorism Risk Insurance Program rules 

in response to the Terrorism Risk 

Insurance Program Reauthorization Act 

of 2019. 

DATES: Effective July 12, 2021. 

FOR FURTHER INFORMATION CONTACT: 

Richard Ifft, Senior Insurance 

Regulatory Policy Analyst, Federal 

Insurance Office, 202–622–2922, 

Lindsey Baldwin, Senior Insurance 

Regulatory Policy Analyst, Federal 

Insurance Office, 202–622–3220, or 

Daniel McKnight, Policy Analyst, 202– 

622–7009. 

SUPPLEMENTARY INFORMATION: In FR Doc. 

2021–12014 appearing on page 30537 in 

the Federal Register of Wednesday, 

June 9, 2021, the following correction is 

made: 

§ 50.4 [Corrected] 

■ 1. On page 30540, in the first column, 

in § 50.4, in amendment 3, the 

instruction ‘‘Amend § 50.4 by revising 

paragraphs (b)(2)(ii) and (n)(3)(iii), 

adding paragraph (n)(3)(iv) and revising 

(w)(1) and (2) to read as follows:’’ is 

corrected to read ‘‘Amend § 50.4 by 

revising paragraphs (b)(2)(ii) and 

(n)(3)(iii), adding paragraph (n)(3)(iv), 

and revising paragraph (w)(1) and 

paragraph (w)(2) introductory text to 

read as follows:’’ 

Steven E. Seitz, 

Director, Federal Insurance Office, 

performing the Delegable Duties of the 

Assistant Secretary for Financial Institutions. 

[FR Doc. 2021–12456 Filed 6–14–21; 8:45 am] 

BILLING CODE 4810–AK–P 

DEPARTMENT OF HOMELAND 

SECURITY 

Coast Guard 

33 CFR Part 165 

[Docket Number USCG–2020–0460] 

RIN 1625–AA00 

Safety Zone; Cocos Lagoon, Merizo, 

GU 

AGENCY: Coast Guard, DHS. 

ACTION: Final rule. 

SUMMARY: The Coast Guard is 

establishing a recurring safety zone for 

navigable waters within Cocos Lagoon. 

This safety zone will encompass the 

designated swim course for the Cocos 

Crossing swim event in the waters of 

Cocos Lagoon, Merizo, Guam. Race 

participants, chase boats, and organizers 

of the event will be exempt from the 

safety zone. Entry of persons or vessels 

into the safety zone is prohibited unless 

authorized by the Captain of the Port 

(COTP) Guam. 

DATES: This rule is effective July 15, 

2021. 

ADDRESSES: To view documents 

mentioned in this preamble as being 

available in the docket, go to https://

www.regulations.gov, type USCG–2020– 

0460 in the ‘‘SEARCH’’ box and click 

‘‘SEARCH.’’ Click on Open Docket 


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