81 FR 66751 - Submission for OMB Review; Comment Request
DEPARTMENT OF THE TREASURY Federal Register Volume 81, Issue 188 (September 28, 2016)
Federal Register Volume 81, Issue 188 (September 28, 2016)
| Page Range | 66751-66751 | |
| FR Document | 2016-23436 |
[Federal Register Volume 81, Number 188 (Wednesday, September 28, 2016)] [Notices] [Page 66751] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2016-23436] ----------------------------------------------------------------------- DEPARTMENT OF THE TREASURY Submission for OMB Review; Comment Request September 23, 2016. The Department of the Treasury will submit the following information collection request to the Office of Management and Budget (OMB) for review and clearance in accordance with the Paperwork Reduction Act of 1995, Public Law 104-13, on or after the date of publication of this notice. DATES: Comments should be received on or before October 28, 2016 to be assured of consideration. ADDRESSES: Send comments regarding the burden estimates, or any other aspect of the information collection, including suggestions for reducing the burden, to (1) Office of Information and Regulatory Affairs, Office of Management and Budget, Attention: Desk Officer for Treasury, New Executive Office Building, Room 10235, Washington, DC 20503, or email at [email protected] and (2) Treasury PRA Clearance Officer, 1750 Pennsylvania Ave. NW., Suite 8117, Washington, DC 20220, or email at [email protected]. FOR FURTHER INFORMATION CONTACT: Copies of the submission may be obtained by emailing [email protected], calling (202) 622-1295, or viewing the entire information collection request at www.reginfo.gov. Departmental Offices OMB Control Number: 1505-0255. Type of Review: Extension of a currently approved collection. Title: Hizballah Financial Sanctions Regulations. Abstract: The Department of the Treasury's Office of Foreign Assets Control (OFAC) added the Hizballah Financial Sanctions Regulations to 31 CFR chapter V, in order to implement the Hizballah International Financing Prevention Act of 2015, Public Law 114-102 (HIFPA). The Regulations require a U.S. financial institution that maintained a correspondent account or a payable-through account for a foreign financial institution for which the maintaining of such an account has been prohibited to file a report with OFAC that provides full details on the closing of each such account within 30 days of the closure of the account. The report must include complete information on all transactions processed or executed in winding down and closing the account. This collection of information is required by OFAC to monitor compliance with regulatory requirements regarding the closure of correspondent accounts and payable-through accounts maintained by a U.S. financial institution for a foreign financial institution when the maintaining of such accounts for a foreign financial institution has been prohibited pursuant to the Regulations. Affected Public: Businesses or other for-profits: U.S. financial institutions operating correspondent or payable-through accounts for foreign financial institutions. Estimated Total Annual Burden Hours: 2. Brenda Simms, Treasury PRA Clearance Officer. [FR Doc. 2016-23436 Filed 9-27-16; 8:45 am] BILLING CODE 4810-25-P
![Federal Register / Vol. 81, No. 188 / Wednesday, September 28, 2016 / Notices 66751
8117, Washington, DC 20220, or email FOR FURTHER INFORMATION CONTACT: Teamsters Pension Fund), a
at PRA@treasury.gov. Copies of the submission may be multiemployer pension plan, has
FOR FURTHER INFORMATION CONTACT: obtained by emailing PRA@treasury.gov, submitted an application to Treasury to
Copies of the submissions may be calling (202) 622–1295, or viewing the reduce benefits under the plan in
obtained by emailing PRA@treasury.gov, entire information collection request at accordance with the Multiemployer
calling (202) 622–1295, or viewing the www.reginfo.gov. Pension Reform Act of 2014. The
entire information collection request at purpose of this notice is to announce
Departmental Offices that the application submitted by the
www.reginfo.gov.
OMB Control Number: 1505–0255. Board of Trustees of the NYS Teamsters
Internal Revenue Service (IRS) Type of Review: Extension of a Pension Fund has been published on
OMB Control Number: 1545–0117. currently approved collection. the Web site of the Department of the
Type of Review: Revision of a Title: Hizballah Financial Sanctions Treasury (Treasury), and to request
currently approved collection. Regulations. public comments on the application
Title: Form 1099–OID, Original Issue Abstract: The Department of the from interested parties, including
Discount. Treasury’s Office of Foreign Assets participants and beneficiaries, employee
Form: Form 1099–OID. Control (OFAC) added the Hizballah organizations, and contributing
Abstract: This form is filed if the Financial Sanctions Regulations to 31 employers of the NYS Teamsters
original issue discount (OID) includible CFR chapter V, in order to implement Pension Fund.
in gross income is at least $10; or for the Hizballah International Financing DATES: Comments must be received by
any person for whom the taxpayer Prevention Act of 2015, Public Law November 14, 2016.
withheld and paid any foreign tax on 114–102 (HIFPA). The Regulations
ADDRESSES: You may submit comments
OID; or from whom the taxpayer require a U.S. financial institution that
withheld (and did not refund) any electronically through the Federal
maintained a correspondent account or
federal income tax under the backup eRulemaking Portal at http://
a payable-through account for a foreign www.regulations.gov, in accordance
withholding rules even if the amount of financial institution for which the
the OID is less than $10. with the instructions on that site.
maintaining of such an account has Electronic submissions through
Affected Public: Businesses or other been prohibited to file a report with
for-profits. www.regulations.gov are encouraged.
OFAC that provides full details on the Comments may also be mailed to the
Estimated Total Annual Burden closing of each such account within 30
Hours: 452,520. Department of the Treasury, MPRA
days of the closure of the account. The Office, 1500 Pennsylvania Avenue NW.,
Dated: September 23, 2016. report must include complete Room 1224, Washington, DC 20220.
Brenda Simms, information on all transactions Attn: Eric Berger. Comments sent via
Treasury PRA Clearance Officer. processed or executed in winding down facsimile and email will not be
[FR Doc. 2016–23429 Filed 9–27–16; 8:45 am] and closing the account. This collection accepted.
BILLING CODE 4830–01–P of information is required by OFAC to Additional Instructions. All
monitor compliance with regulatory comments received, including
requirements regarding the closure of attachments and other supporting
DEPARTMENT OF THE TREASURY correspondent accounts and payable- materials, will be made available to the
through accounts maintained by a U.S. public. Do not include any personally
Submission for OMB Review; financial institution for a foreign identifiable information (such as Social
Comment Request financial institution when the Security number, name, address, or
September 23, 2016.
maintaining of such accounts for a other contact information) or any other
foreign financial institution has been information in your comment or
The Department of the Treasury will
prohibited pursuant to the Regulations. supporting materials that you do not
submit the following information
Affected Public: Businesses or other want publicly disclosed. Treasury will
collection request to the Office of
for-profits: U.S. financial institutions make comments available for public
Management and Budget (OMB) for
operating correspondent or payable- inspection and copying on
review and clearance in accordance
through accounts for foreign financial www.regulations.gov or upon request.
with the Paperwork Reduction Act of
institutions. Comments posted on the Internet can be
1995, Public Law 104–13, on or after the
Estimated Total Annual Burden retrieved by most Internet search
date of publication of this notice.
Hours: 2. engines.
DATES: Comments should be received on
or before October 28, 2016 to be assured Brenda Simms, FOR FURTHER INFORMATION CONTACT: For
of consideration. Treasury PRA Clearance Officer. information regarding the application
ADDRESSES: Send comments regarding [FR Doc. 2016–23436 Filed 9–27–16; 8:45 am] from the NYS Teamsters Pension Fund,
the burden estimates, or any other BILLING CODE 4810–25–P please contact Treasury at (202) 622–
aspect of the information collection, 1534 (not a toll-free number).
including suggestions for reducing the SUPPLEMENTARY INFORMATION: The
burden, to (1) Office of Information and DEPARTMENT OF THE TREASURY Multiemployer Pension Reform Act of
Regulatory Affairs, Office of 2014 (MPRA) amended the Internal
Management and Budget, Attention: Multiemployer Pension Plan Revenue Code to permit a
Desk Officer for Treasury, New Application To Reduce Benefits multiemployer plan that is projected to
mstockstill on DSK3G9T082PROD with NOTICES
Executive Office Building, Room 10235, AGENCY: Department of the Treasury. have insufficient funds to reduce
Washington, DC 20503, or email at ACTION:Notice of availability; Request pension benefits payable to participants
OIRA_Submission@OMB.EOP.gov and for comments. and beneficiaries if certain conditions
(2) Treasury PRA Clearance Officer, are satisfied. In order to reduce benefits,
1750 Pennsylvania Ave. NW., Suite SUMMARY: The Board of Trustees of the the plan sponsor is required to submit
8117, Washington, DC 20220, or email New York State Teamsters Conference an application to the Secretary of the
at PRA@treasury.gov. Pension and Retirement Fund (NYS Treasury, which Treasury, in
VerDate Sep<11>2014 18:04 Sep 27, 2016 Jkt 238001 PO 00000 Frm 00132 Fmt 4703 Sfmt 4703 E:\FR\FM\28SEN1.SGM 28SEN1](https://thefederalregister.org/doc/81_FR_66939/page/1.svg)
Document Created: 2016-09-28 01:08:39
Document Modified: 2016-09-28 01:08:39
| 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 | Notices | |
| Dates | Comments should be received on or before October 28, 2016 to be assured of consideration. | |
| Contact | Copies of the submission may be obtained by emailing [email protected], calling (202) 622-1295, or viewing the entire information collection request at www.reginfo.gov. | |
| FR Citation | 81 FR 66751 |
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