80 FR 34053 - Cuban Assets Control Regulations; Terrorism List Governments Sanctions Regulations

DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control

Federal Register Volume 80, Issue 114 (June 15, 2015)

Page Range		34053-34054
FR Document		2015-14459

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is amending the Terrorism List Governments Sanctions Regulations to replace the list of countries designated as supporting international terrorism with information on the availability of state sponsor of terrorism determination and rescission decisions in the Federal Register and the availability of a current list of state sponsors of terrorism maintained on the Web site of the Department of State. A conforming amendment is made to the Cuban Assets Control Regulations.

Federal Register, Volume 80 Issue 114 (Monday, June 15, 2015)

[Federal Register Volume 80, Number 114 (Monday, June 15, 2015)]
[Rules and Regulations]
[Pages 34053-34054]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-14459]


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DEPARTMENT OF THE TREASURY

Office of Foreign Assets Control

31 CFR Parts 515 and 596


Cuban Assets Control Regulations; Terrorism List Governments 
Sanctions Regulations

AGENCY: Office of Foreign Assets Control, Treasury.

ACTION: Final rule.

-----------------------------------------------------------------------

SUMMARY: The Department of the Treasury's Office of Foreign Assets 
Control (OFAC) is amending the Terrorism List Governments Sanctions 
Regulations to replace the list of countries designated as supporting 
international terrorism with information on the availability of state 
sponsor of terrorism determination and rescission decisions in the 
Federal Register and the availability of a current list of state 
sponsors of terrorism maintained on the Web site of the Department of 
State. A conforming amendment is made to the Cuban Assets Control 
Regulations.

DATES: Effective: June 15, 2015.

[[Page 34054]]


FOR FURTHER INFORMATION CONTACT: Assistant Director for Licensing, 
tel.: 202/622-2480, Assistant Director for Policy, tel.: 202/622-6746, 
Assistant Director for Regulatory Affairs, tel.: 202/622-4855, 
Assistant Director for Sanctions Compliance & Evaluation, tel.: 202/
622-2490, Office of Foreign Assets Control, or Chief Counsel (Foreign 
Assets Control), tel.: 202/622-2410, Office of the General Counsel, 
Department of the Treasury (not toll free numbers).

SUPPLEMENTARY INFORMATION: 

Electronic and Facsimile Availability

    This document and additional information concerning OFAC are 
available from OFAC's Web site (www.treasury.gov/ofac). Certain general 
information pertaining to OFAC's sanctions programs also is available 
via facsimile through a 24-hour fax-on-demand service, tel.: 202/622-
0077.

Background

    Section 321 of the Antiterrorism and Effective Death Penalty Act of 
1996, 18 U.S.C. 2332d (the ``Act''), makes it a criminal offense for 
United States persons, except as provided in regulations issued by the 
Secretary of the Treasury, in consultation with the Secretary of State, 
to engage in financial transactions with the governments of countries 
designated under section 6(j) of the Export Administration Act of 1979, 
50 U.S.C. App. 2405(j) (the ``EAA''), as supporting international 
terrorism. To implement section 321 of the Act, OFAC promulgated the 
Terrorism List Governments Sanctions Regulations, 31 CFR part 596 (the 
``Regulations''), effective August 22, 1996. 61 FR 43462 (Aug. 23, 
1996).
    Section 596.201 of the Regulations provides that, except as 
authorized by regulations, orders, directives, rulings, instructions, 
licenses, or otherwise, no United States person, knowing or having 
reasonable cause to know that a country is designated under section 
6(j) of the EAA as a country supporting international terrorism, shall 
engage in a financial transaction with the government of such country. 
Since the promulgation of the Regulations, paragraph (b) of Sec.  
596.201 has listed those countries that are currently designated under 
section 6(j) (``state sponsors of terrorism'').
    Upon a determination that a country should be added to the list of 
state sponsors of terrorism, and also upon a rescission of such a 
determination, the State Department publishes the determination or 
rescission in the Federal Register and updates the list of State 
Sponsors of Terrorism on its Web site at http://www.state.gov/j/ct/list/c14151.htm. On May 28, 2015, the Secretary of State issued a 
Public Notice rescinding the designation of Cuba as a state sponsor of 
terrorism. 80 FR 31945 (June 4, 2015). OFAC is taking this opportunity 
to replace paragraph (b) of Sec.  596.201 with information regarding 
state sponsor of terrorism determinations and rescissions in the 
Federal Register and a reference to the current list of state sponsors 
of terrorism maintained on the Web site of the Department of State. A 
conforming amendment also is made to the authority citation for the 
Cuban Assets Control Regulations, 31 CFR part 515, by removing the 
reference to 18 U.S.C. 2332d.

Public Participation

    Because the Regulations involve a foreign affairs function, the 
provisions of Executive Order 12866 and the Administrative Procedure 
Act (5 U.S.C. 553) requiring notice of proposed rulemaking, opportunity 
for public participation, and delay in effective date are inapplicable. 
Because no notice of proposed rulemaking is required for this rule, the 
Regulatory Flexibility Act (5 U.S.C. 601-612) does not apply.

Paperwork Reduction Act

    The collections of information related to the Regulations are 
contained in 31 CFR part 501 (the ``Reporting, Procedures and Penalties 
Regulations''). Pursuant to the Paperwork Reduction Act of 1995 (44 
U.S.C. 3507), those collections of information have been approved by 
the Office of Management and Budget under control number 1505-0164. 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 control number.

List of Subjects

31 CFR Part 515

    Administrative practice and procedure, Banking, Blocking of assets, 
Cuba, Remittances, Reporting and recordkeeping requirements, Travel 
restrictions.

31 CFR Part 596

    Administrative practice and procedure, Banks, Banking and finance, 
Penalties, Reporting and recordkeeping requirements, Terrorism, 
Transfer of assets.

    For the reasons set forth in the preamble, the Department of the 
Treasury's Office of Foreign Assets Control amends 31 CFR parts 515 and 
596 as set forth below:

PART 515--CUBAN ASSETS CONTROL REGULATIONS

0
1. The authority citation for part 515 is revised to read as follows:

    Authority:  22 U.S.C. 2370(a), 6001-6010, 7201-7211; 31 U.S.C. 
321(b); 50 U.S.C. App 1-44; Pub. L. 101-410, 104 Stat. 890 (28 
U.S.C. 2461 note); Pub. L. 104-114, 110 Stat. 785 (22 U.S.C. 6021-
6091); Pub. L. 105-277, 112 Stat. 2681; Pub. L. 111-8, 123 Stat. 
524; Pub. L. 111-117, 123 Stat. 3034; E.O. 9193, 7 FR 5205, 3 CFR, 
1938-1943 Comp., p. 1174; E.O. 9989, 13 FR 4891, 3 CFR, 1943-1948 
Comp., p. 748; Proc. 3447, 27 FR 1085, 3 CFR, 1959-1963 Comp., p. 
157; E.O. 12854, 58 FR 36587, 3 CFR, 1993 Comp., p. 614.

PART 596--TERRORISM LIST GOVERNMENTS SANCTIONS REGULATIONS

0
2. The authority citation for part 596 continues to read as follows:

    Authority:  18 U.S.C. 2332d; 31 U.S.C. 321(b).

Subpart B--Prohibitions

0
3. Revise Sec.  596.201 to read as follows:


Sec.  596.201  Prohibited financial transactions.

    Except as authorized by regulations, orders, directives, rulings, 
instructions, licenses, or otherwise, no United States person, on or 
after the effective date, knowing or having reasonable cause to know 
that a country is designated under section 6(j) of the Export 
Administration Act, 50 U.S.C. App. 2405, as a country supporting 
international terrorism, shall engage in a financial transaction with 
the government of that country.
    Note to Sec.  596.201: The name of each country that has been 
designated under section 6(j) of the Export Administration Act, 50 
U.S.C. App. 2405, as a country supporting international terrorism is 
published in the Federal Register by the Department of State, and a 
complete list of countries currently so designated can be found via the 
Web site of the Department of State at http://www.state.gov/j/ct/.

John E. Smith,
Acting Director, Office of Foreign Assets Control.
[FR Doc. 2015-14459 Filed 6-12-15; 8:45 am]
 BILLING CODE 4810-AL-P

Federal Register / Vol. 80, No. 114 / Monday, June 15, 2015 / Rules and Regulations 34053

under the criteria set forth in Executive 29 CFR Part 4044 Authority: 29 U.S.C. 1302, 1322, 1322b,
Order 12866. 1341(c)(3)(D), and 1344.
Employee benefit plans, Pension
Because no general notice of proposed
insurance, Pensions. ■ 2. In appendix B to part 4022, Rate Set
rulemaking is required for this
amendment, the Regulatory Flexibility In consideration of the foregoing, 29 261 is added to the table to read as
Act of 1980 does not apply. See 5 U.S.C. CFR parts 4022 and 4044 are amended follows:
601(2). as follows:
Appendix B to Part 4022—Lump Sum
List of Subjects PART 4022—BENEFITS PAYABLE IN Interest Rates for PBGC Payments
TERMINATED SINGLE-EMPLOYER
29 CFR Part 4022 * * * * *
PLANS
Employee benefit plans, Pension
insurance, Pensions, Reporting and ■ 1. The authority citation for part 4022
recordkeeping requirements. continues to read as follows:

For plans with a valuation date Deferred annuities
Immediate (percent)
Rate set annuity rate
On or after Before (percent) i1 i2 i3 n1 n2

* * * * * * *
261 .......................................................................... 7–1–15 8–1–15 1.25 4.00 4.00 4.00 7 8

■ 3. In appendix C to part 4022, Rate Set Appendix C to Part 4022—Lump Sum
261 is added to the table to read as Interest Rates for Private-Sector
follows: Payments
* * * * *

For plans with a valuation date Deferred annuities
Immediate (percent)
Rate set annuity rate
On or after Before (percent) i1 i2 i3 n1 n2

* * * * * * *
261 .......................................................................... 7–1–15 8–1–15 1.25 4.00 4.00 4.00 7 8

PART 4044—ALLOCATION OF Authority: 29 U.S.C. 1301(a), 1302(b)(3), Appendix B to Part 4044—Interest
ASSETS IN SINGLE–EMPLOYER 1341, 1344, 1362. Rates Used To Value Benefits
PLANS * * * * *
■ 5. In appendix B to part 4044, a new
■ 4. The authority citation for part 4044 entry for July–September 2015 is added
continues to read as follows: to the table to read as follows:

The values of it are:
For valuation dates occurring in the
month— it for t = it for t = it for t =

* * * * * * *
July–September 2015 ............................... 0.0232 1–20 0.0237 >20 N/A N/A

Issued in Washington, DC, on this 8th day DEPARTMENT OF THE TREASURY Control (OFAC) is amending the
of June 2015. Terrorism List Governments Sanctions
Judith Starr, Office of Foreign Assets Control Regulations to replace the list of
General Counsel, Pension Benefit Guaranty countries designated as supporting
Corporation. 31 CFR Parts 515 and 596 international terrorism with information
[FR Doc. 2015–14592 Filed 6–12–15; 8:45 am] on the availability of state sponsor of
Cuban Assets Control Regulations;
BILLING CODE 7709–02–P terrorism determination and rescission
Terrorism List Governments Sanctions
wreier-aviles on DSK5TPTVN1PROD with RULES

Regulations decisions in the Federal Register and
the availability of a current list of state
AGENCY: Office of Foreign Assets sponsors of terrorism maintained on the
Control, Treasury. Web site of the Department of State. A
ACTION: Final rule. conforming amendment is made to the
Cuban Assets Control Regulations.
SUMMARY: The Department of the
Treasury’s Office of Foreign Assets DATES: Effective: June 15, 2015.

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34054 Federal Register / Vol. 80, No. 114 / Monday, June 15, 2015 / Rules and Regulations

FOR FURTHER INFORMATION CONTACT: site at http://www.state.gov/j/ct/list/ PART 515—CUBAN ASSETS
Assistant Director for Licensing, tel.: c14151.htm. On May 28, 2015, the CONTROL REGULATIONS
202/622–2480, Assistant Director for Secretary of State issued a Public Notice
Policy, tel.: 202/622–6746, Assistant rescinding the designation of Cuba as a ■ 1. The authority citation for part 515
Director for Regulatory Affairs, tel.: 202/ state sponsor of terrorism. 80 FR 31945 is revised to read as follows:
622–4855, Assistant Director for (June 4, 2015). OFAC is taking this
Sanctions Compliance & Evaluation, opportunity to replace paragraph (b) of Authority: 22 U.S.C. 2370(a), 6001–6010,
tel.: 202/622–2490, Office of Foreign § 596.201 with information regarding 7201–7211; 31 U.S.C. 321(b); 50 U.S.C. App
Assets Control, or Chief Counsel state sponsor of terrorism 1–44; Pub. L. 101–410, 104 Stat. 890 (28
(Foreign Assets Control), tel.: 202/622– determinations and rescissions in the U.S.C. 2461 note); Pub. L. 104–114, 110 Stat.
2410, Office of the General Counsel, Federal Register and a reference to the 785 (22 U.S.C. 6021–6091); Pub. L. 105–277,
Department of the Treasury (not toll free 112 Stat. 2681; Pub. L. 111–8, 123 Stat. 524;
current list of state sponsors of terrorism
numbers). Pub. L. 111–117, 123 Stat. 3034; E.O. 9193,
maintained on the Web site of the
7 FR 5205, 3 CFR, 1938–1943 Comp., p. 1174;
SUPPLEMENTARY INFORMATION: Department of State. A conforming
E.O. 9989, 13 FR 4891, 3 CFR, 1943–1948
amendment also is made to the
Electronic and Facsimile Availability Comp., p. 748; Proc. 3447, 27 FR 1085, 3
authority citation for the Cuban Assets
This document and additional CFR, 1959–1963 Comp., p. 157; E.O. 12854,
Control Regulations, 31 CFR part 515,
information concerning OFAC are 58 FR 36587, 3 CFR, 1993 Comp., p. 614.
by removing the reference to 18 U.S.C.
available from OFAC’s Web site 2332d.
(www.treasury.gov/ofac). Certain general PART 596—TERRORISM LIST
information pertaining to OFAC’s Public Participation GOVERNMENTS SANCTIONS
sanctions programs also is available via REGULATIONS
Because the Regulations involve a
facsimile through a 24-hour fax-on- foreign affairs function, the provisions
demand service, tel.: 202/622–0077. of Executive Order 12866 and the ■ 2. The authority citation for part 596
Administrative Procedure Act (5 U.S.C. continues to read as follows:
Background
553) requiring notice of proposed Authority: 18 U.S.C. 2332d; 31 U.S.C.
Section 321 of the Antiterrorism and rulemaking, opportunity for public 321(b).
Effective Death Penalty Act of 1996, 18 participation, and delay in effective date
U.S.C. 2332d (the ‘‘Act’’), makes it a are inapplicable. Because no notice of Subpart B—Prohibitions
criminal offense for United States proposed rulemaking is required for this
persons, except as provided in rule, the Regulatory Flexibility Act (5 ■ 3. Revise § 596.201 to read as follows:
regulations issued by the Secretary of U.S.C. 601–612) does not apply.
the Treasury, in consultation with the § 596.201 Prohibited financial
Secretary of State, to engage in financial Paperwork Reduction Act transactions.
transactions with the governments of The collections of information related
countries designated under section 6(j) Except as authorized by regulations,
to the Regulations are contained in 31 orders, directives, rulings, instructions,
of the Export Administration Act of CFR part 501 (the ‘‘Reporting,
1979, 50 U.S.C. App. 2405(j) (the licenses, or otherwise, no United States
Procedures and Penalties Regulations’’). person, on or after the effective date,
‘‘EAA’’), as supporting international Pursuant to the Paperwork Reduction
terrorism. To implement section 321 of knowing or having reasonable cause to
Act of 1995 (44 U.S.C. 3507), those
the Act, OFAC promulgated the know that a country is designated under
collections of information have been
Terrorism List Governments Sanctions approved by the Office of Management section 6(j) of the Export Administration
Regulations, 31 CFR part 596 (the and Budget under control number 1505– Act, 50 U.S.C. App. 2405, as a country
‘‘Regulations’’), effective August 22, 0164. An agency may not conduct or supporting international terrorism, shall
1996. 61 FR 43462 (Aug. 23, 1996). sponsor, and a person is not required to engage in a financial transaction with
Section 596.201 of the Regulations the government of that country.
respond to, a collection of information
provides that, except as authorized by
unless the collection of information Note to § 596.201: The name of each
regulations, orders, directives, rulings,
displays a valid control number. country that has been designated under
instructions, licenses, or otherwise, no
United States person, knowing or List of Subjects section 6(j) of the Export Administration
having reasonable cause to know that a Act, 50 U.S.C. App. 2405, as a country
31 CFR Part 515 supporting international terrorism is
country is designated under section 6(j)
of the EAA as a country supporting Administrative practice and published in the Federal Register by the
international terrorism, shall engage in procedure, Banking, Blocking of assets, Department of State, and a complete list
a financial transaction with the Cuba, Remittances, Reporting and of countries currently so designated can
government of such country. Since the recordkeeping requirements, Travel be found via the Web site of the
promulgation of the Regulations, restrictions. Department of State at http://
paragraph (b) of § 596.201 has listed 31 CFR Part 596 www.state.gov/j/ct/.
those countries that are currently
Administrative practice and John E. Smith,
designated under section 6(j) (‘‘state
sponsors of terrorism’’). procedure, Banks, Banking and finance, Acting Director, Office of Foreign Assets
Upon a determination that a country Penalties, Reporting and recordkeeping Control.
wreier-aviles on DSK5TPTVN1PROD with RULES

should be added to the list of state requirements, Terrorism, Transfer of [FR Doc. 2015–14459 Filed 6–12–15; 8:45 am]
sponsors of terrorism, and also upon a assets. BILLING CODE 4810–AL–P
rescission of such a determination, the For the reasons set forth in the
State Department publishes the preamble, the Department of the
determination or rescission in the Treasury’s Office of Foreign Assets
Federal Register and updates the list of Control amends 31 CFR parts 515 and
State Sponsors of Terrorism on its Web 596 as set forth below:

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Document Created: 2015-12-15 15:13:49
Document Modified: 2015-12-15 15:13:49

Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Rules and Regulations
Action		Final rule.
Dates		Effective: June 15, 2015.
Contact		Assistant Director for Licensing, tel.: 202/622-2480, Assistant Director for Policy, tel.: 202/622-6746, Assistant Director for Regulatory Affairs, tel.: 202/622-4855, Assistant Director for Sanctions Compliance & Evaluation, tel.: 202/ 622-2490, Office of Foreign Assets Control, or Chief Counsel (Foreign Assets Control), tel.: 202/622-2410, Office of the General Counsel, Department of the Treasury (not toll free numbers).
FR Citation		80 FR 34053
CFR Citation		31 CFR 515 31 CFR 596
CFR Associated		Administrative Practice and Procedure; Banking; Blocking of Assets; Cuba; Remittances; Reporting and Recordkeeping Requirements; Travel Restrictions; Banks; Banking and Finance; Penalties; Terrorism and Transfer of Assets

80 FR 34053 - Cuban Assets Control Regulations; Terrorism List Governments Sanctions Regulations

DEPARTMENT OF THE TREASURYOffice of Foreign Assets Control

Federal Register Volume 80, Issue 114 (June 15, 2015)

DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control