Federal Register / Vol. 74, No. 98 / Friday, May 22, 2009 / Notices 24075 

information collection requirements 

contained within OFAC’s Reporting, 

Procedures and Penalties Regulations 

set forth at 31 CFR part 501. 

DATES: Written comments should be 

received on or before July 21, 2009 to be 

assured of consideration. 

ADDRESSES: Direct all written comments 

to ‘‘Paperwork Reduction Act’’ care of 

the Policy Division, Office of Foreign 

Assets Control, Department of the 

Treasury, 1500 Pennsylvania Avenue, 

NW., Annex—4th Floor, Washington, 

DC 20220. 

FOR FURTHER INFORMATION CONTACT: 

Requests for additional information 

about the filings or procedures should 

be directed to the Policy Division, Office 

of Foreign Assets Control, Department 

of the Treasury, 1500 Pennsylvania 

Avenue, NW., Annex—4th Floor, 

Washington, DC 20220. 

SUPPLEMENTARY INFORMATION: 

Title: Reporting, Procedures and 

Penalties Regulations. 

OMB Number: 1505–0164. 

Agency Form Number: TD–F–90– 

22.50. 

Abstract: The collections of 

information are contained in sections 

501.601 through 501.605, 501.801, and 

501.803 through 501.807 and pertain to 

the operation of various economic 

sanctions programs administered by 

OFAC under 31 CFR Chapter V. Section 

501.601 relates to the maintenance of 

records, and section 501.602 relates to 

OFAC demands for information relative 

to any transaction or property subject to 

the provisions of 31 CFR Chapter V. 

Section 501.603 imposes reporting 

requirements pertaining to blocked 

assets and retained funds transfers. This 

information is required by OFAC to 

monitor compliance with regulatory 

requirements, to support diplomatic 

negotiations concerning the targets of 

sanctions, and to support settlement 

negotiations addressing U.S. claims. 

Section 501.604 requires the filing of 

reports for compliance purposes by U.S. 

financial institutions where a funds 

transfer is not required to be blocked but 

is rejected because the underlying 

transaction is otherwise prohibited. 

Section 501.605 requires reporting of 

information pertaining to litigation, 

arbitration, and other binding 

alternative dispute resolution 

proceedings in the United States to 

prevent the intentional or inadvertent 

transfer through such proceedings of 

blocked property or retained funds. 

Sections 501.801 and 501.803 through 

501.805 relate to license requests; the 

amendment, modification or revocation 

of licenses; rulemaking; and document 

requests. Section 501.806 sets forth the 

procedures to be followed by a person 

seeking to have funds released at a 

financial institution if the person 

believes that the funds were blocked 

due to mistaken identity. Section 

501.807 sets forth the procedures to be 

followed by persons seeking 

administrative reconsideration of their 

designation or the designation of a 

vessel as blocked, or who wish to assert 

that the circumstances resulting in the 

designation are no longer applicable. 

The likely respondents and 

recordkeepers affected by the 

information collections contained in 

part 501 are financial institutions, 

business organizations, individuals, and 

legal representatives. The estimated 

total annual reporting and/or 

recordkeeping burden is approximately 

26,250 hours. The estimated annual 

burden per respondent/record keeper 

varies from 30 minutes to 10 hours, 

depending on individual circumstances, 

with an estimated average of 1.25 hours. 

The estimated number of respondents 

and/or record keepers is 21,000. The 

estimated annual frequency of 

responses: 1–12. 

Current Actions: There are no changes 

being made to the notice at this time. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Financial 

institutions, business organizations, 

individuals, and legal representatives. 

Estimated Number of Respondents: 

21,000. 

Estimated Time per Respondent: 1.25 

hours. 

Estimated Total Annual Burden 

Hours: 26,250. 

The following paragraph applies to all 

of the collections of information covered 

by this notice: 

An agency may not conduct or 

sponsor, and a person is not required to 

respond to, a collection of information 

unless the collection of information 

displays a valid OMB control number. 

Books or records relating to a collection 

of information must be retained for five 

years. 

Request for Comments 

Comments submitted in response to 

this notice will be summarized and/or 

included in the request for OMB 

approval. All comments will become a 

matter of public record. Comments are 

invited on: (a) Whether the collection of 

information is necessary for the proper 

performance of the functions of the 

agency, including whether the 

information has practical utility; (b) the 

accuracy of the agency’s estimate of the 

burden of the collection of information; 

(c) ways to enhance the quality, utility, 

and clarity of the information to be 

collected; (d) ways to minimize the 

burden of the collection of information 

on respondents, including through the 

use of automated collection techniques 

or other forms of information 

technology; and (e) estimates of capital 

or start-up costs and costs of operation, 

maintenance, and purchase of services 

to provide information. 

Approved: May 18, 2009. 

Barbara C. Hammerle, 

Acting Director, Office of Foreign Assets 

Control. 

[FR Doc. E9–12005 Filed 5–21–09; 8:45 am] 

BILLING CODE 4811–45–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

[REG–131478–02] 

Proposed Collection; Comment 

Request for Regulation Project 

AGENCY: Internal Revenue Service (IRS), 

Treasury. 

ACTION: Notice and request for 

comments. 

SUMMARY: The Department of the 

Treasury, as part of its continuing effort 

to reduce paperwork and respondent 

burden, invites the general public and 

other Federal agencies to take this 

opportunity to comment on proposed 

and/or continuing information 

collections, as required by the 

Paperwork Reduction Act of 1995, 

Public Law 104–13 (44 U.S.C. 

3506(c)(2)(A)). Currently, the IRS is 

soliciting comments concerning an 

existing NPRM and Temporary, REG– 

131478–02 Guidance Under Section 

1502; Suspension of Losses on Certain 

Stock Disposition. 

DATES: Written comments should be 

received on or before July 21, 2009 to be 

assured of consideration. 

ADDRESSES: Direct all written comments 

to R. Joseph Durbala, Internal Revenue 

Service, room 6129, 1111 Constitution 

Avenue NW., Washington, DC 20224. 

FOR FURTHER INFORMATION CONTACT: 

Requests for additional information or 

copies of regulations should be directed 

to Carolyn N. Brown, at (202) 622–6688, 

or at Internal Revenue Service, room 

6129, 1111 Constitution Avenue NW., 

Washington, DC 20224, or through the 

Internet, at Carolyn.N.Brown@irs.gov. 

SUPPLEMENTARY INFORMATION: 

Title: Guidance Under Section 1502; 

Suspension of Losses on Certain Stock 

Disposition. 

OMB Number: 1545–1828. 

Regulation Project Number: REG– 

131478–02 (NPRM). 


erowe on PROD1PC63 with NOTICES
24076 Federal Register / Vol. 74, No. 98 / Friday, May 22, 2009 / Notices 

Abstract: The information in 

§ 1.1502–35T(c) is necessary to ensure 

that a consolidated group does not 

obtain more than one tax benefit from 

both the utilization of a loss from the 

disposition of stock and the utilization 

of a loss or deduction with respect to 

another asset that reflects the same 

economic loss; to allow the taxpayer to 

make an election under § 1.1502– 

35T(c)(5) that would benefit the 

taxpayer; the election in § 1.1502–35T(f) 

provides taxpayers the choice in the 

case of a worthless subsidiary to utilize 

a worthless stock deduction or absorb 

the subsidiary’s losses; and § 1.1502– 

35T(g)(3) applies to ensure that 

taxpayers do not circumvent the loss 

suspension rule of § 1.1502–35T(c) by 

deconsolidating a subsidiary and then 

re-importing to the group losses of such 

subsidiary. 

Current Actions: There is no change to 

these existing regulations. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Business or other forprofit organizations. 

Estimated Number of Respondents: 

7,500. 

Estimated Time per Respondent: 2 

hours. 

Estimated Total Annual Burden 

Hours: 15,000. 

The following paragraph applies to all 

of the collections of information covered 

by this notice: 

An agency may not conduct or 

sponsor, and a person is not required to 

respond to, a collection of information 

unless the collection of information 

displays a valid OMB control number. 

Books or records relating to a collection 

of information must be retained as long 

as their contents may become material 

in the administration of any internal 

revenue law. Generally, tax returns and 

tax return information are confidential, 

as required by 26 U.S.C. 6103. 

Request for Comments: Comments 

submitted in response to this notice will 

be summarized and/or included in the 

request for OMB approval. All 

comments will become a matter of 

public record. Comments are invited on: 

(a) Whether the collection of 

information is necessary for the proper 

performance of the functions of the 

agency, including whether the 

information shall have practical utility; 

(b) the accuracy of the agency’s estimate 

of the burden of the collection of 

information; (c) ways to enhance the 

quality, utility, and clarity of the 

information to be collected; (d) ways to 

minimize the burden of the collection of 

information on respondents, including 

through the use of automated collection 

techniques or other forms of information 

technology; and (e) estimates of capital 

or start-up costs and costs of operation, 

maintenance, and purchase of services 

to provide information. 

Approved: May 19, 2009. 

R. Joseph Durbala, 

IRS Reports Clearance Officer. 

[FR Doc. E9–12144 Filed 5–21–09; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF VETERANS 

AFFAIRS 

[OMB Control No. 2900–0648] 

Proposed Information Collection 

(FMP); Comment Request 

AGENCY: Veterans Health 

Administration, Department of Veterans 

Affairs. 

ACTION: Notice. 

SUMMARY: The Veterans Health 

Administration (VHA) is announcing an 

opportunity for public comment on the 

proposed collection of certain 

information by the agency. Under the 

Paperwork Reduction Act (PRA) of 

1995, Federal agencies are required to 

publish notice in the Federal Register 

concerning each proposed collection of 

information, including each proposed 

extension of a currently approved 

collection, and allow 60 days for public 

comment in response to the notice. This 

notice solicits comments on information 

needed to reimburse healthcare 

providers for medical services provided 

to veterans with service-connected 

disabilities living or traveling overseas. 

DATES: Written comments and 

recommendations on the proposed 

collection of information should be 

received on or before July 21, 2009. 

ADDRESSES: Submit written comments 

on the collection of information through 

Federal Docket Management System 

(FDMS) http://www.Regulations.gov; or 

to Mary Stout, Veterans Health 

Administration (193E1), Department of 

Veterans Affairs, 810 Vermont Avenue, 

NW., Washington, DC 20420 or e-mail: 

mary.stout@va.gov. Please refer to 

‘‘OMB Control No. 2900–0648’’ in any 

correspondence. During the comment 

period, comments may be viewed online 

through FDMS. 

FOR FURTHER INFORMATION CONTACT: 

Mary Stout at (202) 461–5867 or FAX 

(202) 273–9381. 

SUPPLEMENTARY INFORMATION: Under the 

PRA of 1995 (Pub. L. 104–13; 44 U.S.C. 

3501—3521), Federal agencies must 

obtain approval from the Office of 

Management and Budget (OMB) for each 

collection of information they conduct 

or sponsor. This request for comment is 

being made pursuant to Section 

3506(c)(2)(A) of the PRA. 

With respect to the following 

collection of information, VHA invites 

comments on: (1) Whether the proposed 

collection of information is necessary 

for the proper performance of VHA’s 

functions, including whether the 

information will have practical utility; 

(2) the accuracy of VHA’s estimate of 

the burden of the proposed collection of 

information; (3) ways to enhance the 

quality, utility, and clarity of the 

information to be collected; and (4) 

ways to minimize the burden of the 

collection of information on 

respondents, including through the use 

of automated collection techniques or 

the use of other forms of information 

technology. 

Titles: 

a. Foreign Medical Program (FMP) 

Registration Form, VA Form 10–7959f– 

1. 

b. Claim Cover Sheet—Foreign 

Medical Program (FMP), VA Form 10– 

7959f–2. 

OMB Control Number: 2900–0648. 

Type of Review: Extension of a 

currently approved collection. 

Abstracts: 

a. Veterans with service connected 

disabilities living or traveling overseas 

complete VA Form 10–7959f–1 to enroll 

in the Foreign Medical Program. 

b. Healthcare providers complete VA 

Form 10–7959f–2 to submit claims for 

payments or reimbursement of expenses 

relating to veterans living or traveling 

overseas (except for the Philippines) 

with service-connected disability. VA 

will accept provider’s generated billing 

statement, Uniform Billing—Forms (UB) 

04, and Medicare Health Insurance 

Claims Form, CMS 1500 for payments or 

reimbursements. 

Affected Public: Individuals or 

households. 

Estimated Total Annual Burden: 

a. Foreign Medical Program, VA Form 

10–7959f–1—110 hours. 

b. Claim Cover Sheet, VA Form 10– 

7959f–2—3,652 hours. 

Estimated Average Burden per 

Respondent: 

a. Foreign Medical Program, VA Form 

10–7959f–1—4 minutes. 

b. Claim Cover Sheet, VA Form 10– 

7959f–2—11 minutes. 

Frequency of Response: On occasion. 

Estimated Number of Respondents: 

a. Foreign Medical Program, VA Form 

10–7959f–1—1,660. 

b. Claim Cover Sheet, VA Form 10– 

7959f–2—19,920. 

Dated: May 18, 2009. 


erowe on PROD1PC63 with NOTICES