63380 Federal Register / Vol. 75, No. 199 / Friday, October 15, 2010 / Rules and Regulations 

Executive Order 13132 (Federalism) 

The Department has reviewed this 

proposed rule in accordance with 

Executive Order 13132 regarding 

federalism, and has determined that it 

does not have ‘‘federalism implications.’’ 

The 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.’’ 

Executive Order 12988 (Civil Justice 

Reform) 

This rule meets the applicable 

standards in sections 3(a) and 3(b)(2) of 

Executive Order 12988, Civil Justice 

Reform, to minimize litigation, 

eliminate ambiguity, and reduce 

burden. 

List of Subjects in 20 CFR Part 701 

Longshore and harbor workers, 

Organization and functions (government 

agencies), Workers’ compensation. 

■ Based on the authority and reasons set 

forth in the preamble, 20 CFR chapter VI 

is amended to read as follows: 

CHAPTER VI—OFFICE OF WORKERS’ 

COMPENSATION PROGRAMS, 

DEPARTMENT OF LABOR 

■ 1. Revise the chapter heading of 20 

CFR chapter VI to read as shown above. 

PART 701—GENERAL; 

ADMINISTERING AGENCY; 

DEFINITIONS AND USE OF TERMS 

■ 2. The authority citation for part 701 

is revised to read as follows: 

Authority: 5 U.S.C. 301 and 8171 et seq.; 

33 U.S.C. 939; 36 D.C. Code 501 et seq.; 42 

U.S.C. 1651 et seq.; 43 U.S.C. 1331; 

Reorganization Plan No. 6 of 1950, 15 FR 

3174, 3 CFR, 1949–1953 Comp., p. 1004, 64 

Stat. 1263; Secretary’s Order 10–2009, 74 FR 

58834 (Nov. 13, 2009). 

■ 3. Revise § 701.201 to read as follows: 

§ 701.201 Office of Workers’ 

Compensation Programs. 

The Office of Workers’ Compensation 

Programs is responsible for 

administering the LHWCA and its 

extensions. 

Signed at Washington, DC, this 5th day of 

October 2010. 

Seth D. Harris, 

Deputy Secretary. 

[FR Doc. 2010–25521 Filed 10–14–10; 8:45 am] 

BILLING CODE 4510–23–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

26 CFR Part 1 

[TD 9502] 

RIN 1545–BF90 

Exclusions From Gross Income of 

Foreign Corporations; Correction 

AGENCY: Internal Revenue Service (IRS), 

Treasury. 

ACTION: Correcting amendment. 

SUMMARY: This document contains 

corrections to final regulations (TD 

9502) that were published in the 

Federal Register on Friday, September 

17, 2010 (75 FR 56858) under section 

883(a) and (c) of the Internal Revenue 

Code, concerning the exclusion from 

gross income of income derived by 

certain foreign corporations from the 

international operation of ships or 

aircraft. 

DATES: This correction is effective on 

October 15, 2010, and is applicable on 

September 17, 2010. 

FOR FURTHER INFORMATION CONTACT: 

Patricia A. Bray, (202) 622–3880 (not a 

toll-free number). 

SUPPLEMENTARY INFORMATION: 

Background 

The final regulations (TD 9502) that 

are the subject of this document are 

under section 883 of the Internal 

Revenue Code. 

Need for Correction 

As published, the final regulations 

(TD 9502) contain errors that may prove 

to be misleading and are in need of 

clarification. 

List of Subjects in 26 CFR Part 1 

Income taxes, Reporting and 

recordkeeping requirements. 

Correction of Publication 

■ 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 1.883–2 is amended by 

revising paragraph (f)(4)(ii)(C) to read as 

follows: 

§ 1.883–2 Treatment of publicly-traded 

corporations. 

* * * * * 

(f) * * * 

(4) * * * 

(ii) * * * 

(C) The number of days during the 

taxable year of the foreign corporation 

that such qualified shareholders owned, 

directly or indirectly, their shares in the 

closely held block of stock. 

* * * * * 

■ Par. 3. Section 1.883–5 is amended by 

revising the heading of paragraph (d) to 

read as follows: 

§ 1.883–5 Effective/applicability dates. 

* * * * * 

(d) Effective/applicability dates. 

* * * 

LaNita Van Dyke, 

Chief, Publications and Regulations Branch, 

Legal Processing Division, Associate Chief 

Counsel (Procedure and Administration). 

[FR Doc. 2010–25950 Filed 10–14–10; 8:45 am] 

BILLING CODE 4830–01–P 

PENSION BENEFIT GUARANTY 

CORPORATION 

29 CFR Part 4022 

Benefits Payable in Terminated SingleEmployer Plans; Interest Assumptions 

for Paying Benefits 

AGENCY: Pension Benefit Guaranty 

Corporation. 

ACTION: Final rule. 

SUMMARY: This final rule amends 

Pension Benefit Guaranty Corporation’s 

regulation on Benefits Payable in 

Terminated Single-Employer Plans to 

prescribe interest assumptions under 

the regulation for valuation dates in 

November 2010. Interest assumptions 

are also published on PBGC’s Web site 

(http://www.pbgc.gov). 

DATES: Effective November 1, 2010. 

FOR FURTHER INFORMATION CONTACT: 

Catherine B. Klion, Manager, Regulatory 

and Policy Division, Legislative and 

Regulatory Department, Pension Benefit 

Guaranty Corporation, 1200 K Street, 

NW., Washington, DC 20005, 202–326– 

4024. (TTY/TDD users may call the 

Federal relay service toll-free at 1–800– 

877–8339 and ask to be connected to 

202–326–4024.) 

SUPPLEMENTARY INFORMATION: PBGC’s 

regulation on Benefits Payable in 

Terminated Single-Employer Plans (29 

CFR part 4022) prescribes actuarial 

assumptions—including interest 

assumptions—for paying plan benefits 

under terminating single-employer 

plans covered by title IV of the 

Employee Retirement Income Security 

Act of 1974. 

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