81_FR_76755 81 FR 76542 - Retrospective Analysis of Existing Rules; Notice of Staff Memorandum

81 FR 76542 - Retrospective Analysis of Existing Rules; Notice of Staff Memorandum

DEPARTMENT OF ENERGY
Federal Energy Regulatory Commission

Federal Register Volume 81, Issue 213 (November 3, 2016)

Page Range76542-76542
FR Document2016-26539

Federal Register, Volume 81 Issue 213 (Thursday, November 3, 2016)
[Federal Register Volume 81, Number 213 (Thursday, November 3, 2016)]
[Proposed Rules]
[Page 76542]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-26539]


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DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission

18 CFR Parts 33, 40, 45, 153, 157, 340-347, 380

[Docket No. AD12-6-002]


Retrospective Analysis of Existing Rules; Notice of Staff 
Memorandum

    Take notice that the Commission staff is issuing a memorandum 
setting forth certain proposed revisions to the Commission's 
regulations affecting interlocking directorates, seismic data 
requirements for liquefied natural gas facilities, and oil pipeline 
rates. The memorandum is being issued pursuant to the November 8, 2011 
Plan for Retrospective Analysis of Existing Rules prepared in response 
to Executive Order 13579, which requested independent regulatory 
agencies issue plans for periodic retrospective analysis of their 
existing regulations.
    The Staff Memorandum is being placed in the record in the above-
referenced administrative docket. The Staff Memorandum will also be 
available on the Commission's Web site at http://www.ferc.gov.
    Comments on the Staff Memorandum should be filed within 30 days of 
the issuance of this Notice. The Commission encourages electronic 
submission of comments in lieu of paper using the ``eFiling'' link at 
http://www.ferc.gov. Persons unable to file electronically should 
submit an original of the comment to the Federal Energy Regulatory 
Commission, 888 First Street NE., Washington, DC 20426.
    All filings in this docket are accessible on-line at http://www.ferc.gov, using the ``eLibrary'' link. There is an 
``eSubscription'' link on the Web site that enables subscribers to 
receive email notification when a document is added to a subscribed 
docket. For assistance with any FERC Online service, please email 
[email protected], or call (866) 208-3676 (toll free). For 
TTY, call (202) 502-8659.
    Questions regarding this Notice should be directed to: Kenneth Yu, 
Office of the General Counsel, Federal Energy Regulatory Commission, 
888 First Street NE., Washington, DC 20426, 202-502-8482, 
[email protected].

    Dated: October 28, 2016.
Nathaniel J. Davis, Sr.,
Deputy Secretary.
[FR Doc. 2016-26539 Filed 11-2-16; 8:45 am]
 BILLING CODE 6717-01-P



                                                    76542                Federal Register / Vol. 81, No. 213 / Thursday, November 3, 2016 / Proposed Rules

                                                    subsequent maintenance does not constitute              electronically should submit an original              Washington, DC, or sent electronically
                                                    an engine shop visit.                                   of the comment to the Federal Energy                  via the Federal eRulemaking Portal at
                                                      (2) Separation of engine flanges solely for           Regulatory Commission, 888 First Street               http://www.regulations.gov (IRS REG–
                                                    the purpose of replacing the fan or propulsor
                                                                                                            NE., Washington, DC 20426.                            114734–16).
                                                    without subsequent maintenance does not
                                                    constitute an engine shop visit.
                                                                                                              All filings in this docket are
                                                                                                                                                                  FOR FURTHER INFORMATION CONTACT:
                                                                                                            accessible on-line at http://
                                                    (h) Alternative Methods of Compliance                   www.ferc.gov, using the ‘‘eLibrary’’ link.            Concerning the proposed regulations,
                                                    (AMOCs)                                                 There is an ‘‘eSubscription’’ link on the             Rose E. Jenkins, (202) 317–6934;
                                                      The Manager, Engine Certification Office,             Web site that enables subscribers to                  concerning submissions of comments or
                                                    FAA, may approve AMOCs for this AD. Use                 receive email notification when a                     requests for a public hearing, Regina
                                                    the procedures found in 14 CFR 39.19 to                 document is added to a subscribed                     Johnson, (202) 317–6901 (not toll-free
                                                    make your request. You may email your
                                                                                                            docket. For assistance with any FERC                  numbers).
                                                    request to: ANE-AD-AMOC@faa.gov.
                                                                                                            Online service, please email                          SUPPLEMENTARY INFORMATION:
                                                    (i) Related Information                                 FERCOnlineSupport@ferc.gov, or call
                                                       For more information about this AD,                  (866) 208–3676 (toll free). For TTY, call             Background
                                                    contact Christopher McGuire, Aerospace                  (202) 502–8659.
                                                    Engineer, Engine Certification Office, FAA,                                                                      In the Rules and Regulations section
                                                                                                              Questions regarding this Notice
                                                    Engine & Propeller Directorate, 1200 District                                                                 of this issue of the Federal Register, the
                                                                                                            should be directed to: Kenneth Yu,
                                                    Avenue, Burlington, MA 01803; phone: 781–                                                                     Department of Treasury (Treasury
                                                                                                            Office of the General Counsel, Federal
                                                    238–7120; fax: 781–238–7199; email:                                                                           Department) and the IRS are issuing
                                                    chris.mcguire@faa.gov.
                                                                                                            Energy Regulatory Commission, 888
                                                                                                                                                                  final regulations that amend the Income
                                                                                                            First Street NE., Washington, DC 20426,
                                                      Issued in Burlington, Massachusetts, on                                                                     Tax Regulations (26 CFR part 1) relating
                                                                                                            202–502–8482, Kenneth.Yu@ferc.gov.
                                                    October 24, 2016.                                                                                             to sections 954 and 956. Under § 1.956–
                                                                                                              Dated: October 28, 2016.                            4(b), a CFC that is a partner in a
                                                    Colleen M. D’Alessandro,
                                                                                                            Nathaniel J. Davis, Sr.,                              partnership determines its share of
                                                    Manager, Engine & Propeller Directorate,
                                                    Aircraft Certification Service.                         Deputy Secretary.                                     United States property held by the
                                                    [FR Doc. 2016–26011 Filed 11–2–16; 8:45 am]             [FR Doc. 2016–26539 Filed 11–2–16; 8:45 am]           partnership in accordance with the
                                                    BILLING CODE 4910–13–P                                  BILLING CODE 6717–01–P                                CFC’s liquidation value percentage in
                                                                                                                                                                  the partnership, or, when relevant,
                                                                                                                                                                  based on a special allocation of income
                                                    DEPARTMENT OF ENERGY                                    DEPARTMENT OF THE TREASURY                            (or, where appropriate, gain) from the
                                                                                                                                                                  property. This document proposes to
                                                    Federal Energy Regulatory                               Internal Revenue Service                              amend § 1.956–4(b) so that a CFC that is
                                                    Commission                                                                                                    a partner in a controlled partnership
                                                                                                            26 CFR Part 1                                         determines its share of United States
                                                    18 CFR Parts 33, 40, 45, 153, 157, 340–                                                                       property held by the partnership under
                                                                                                            [REG–114734–16]
                                                    347, 380                                                                                                      the liquidation value percentage
                                                    [Docket No. AD12–6–002]
                                                                                                            RIN 1545–BN51                                         method, regardless of the existence of
                                                                                                                                                                  any special allocation of income or gain
                                                                                                            United States Property Held by                        from the property.
                                                    Retrospective Analysis of Existing
                                                                                                            Controlled Foreign Corporations
                                                    Rules; Notice of Staff Memorandum                                                                             Explanation of Provisions
                                                                                                            Through Partnerships With Special
                                                       Take notice that the Commission staff                Allocations
                                                                                                                                                                     Section 956 determines the amount
                                                    is issuing a memorandum setting forth
                                                                                                            AGENCY: Internal Revenue Service (IRS),               that a United States shareholder (as
                                                    certain proposed revisions to the
                                                                                                            Treasury.                                             defined in section 951(b)) of a CFC must
                                                    Commission’s regulations affecting
                                                                                                            ACTION: Notice of proposed rulemaking.                include in gross income with respect to
                                                    interlocking directorates, seismic data
                                                                                                                                                                  the CFC under section 951(a)(1)(B). This
                                                    requirements for liquefied natural gas                  SUMMARY:   This document contains                     amount is determined, in part, based on
                                                    facilities, and oil pipeline rates. The                 proposed regulations that provide rules               the average of the amounts of United
                                                    memorandum is being issued pursuant                     regarding the determination of the                    States property held, directly or
                                                    to the November 8, 2011 Plan for                        amount of United States property                      indirectly, by the CFC at the close of
                                                    Retrospective Analysis of Existing Rules                treated as held by a controlled foreign               each quarter during its taxable year. For
                                                    prepared in response to Executive Order                 corporation (CFC) through a                           this purpose, in general, the amount
                                                    13579, which requested independent                      partnership. The proposed regulations                 taken into account with respect to any
                                                    regulatory agencies issue plans for                     affect United States shareholders of                  United States property is the adjusted
                                                    periodic retrospective analysis of their                CFCs.                                                 basis of the property, reduced by any
                                                    existing regulations.
                                                       The Staff Memorandum is being                        DATES: Written or electronic comments                 liability to which the property is
                                                    placed in the record in the above-                      and requests for a public hearing must                subject. See section 956(a) and § 1.956–
                                                    referenced administrative docket. The                   be received by February 1, 2017.                      1(e). Section 956(e) grants the Secretary
                                                    Staff Memorandum will also be                           ADDRESSES: Send submissions to:                       authority to prescribe such regulations
                                                    available on the Commission’s Web site                  CC:PA:LPD:PR (REG–114734–16), Room                    as may be necessary to carry out the
mstockstill on DSK3G9T082PROD with PROPOSALS




                                                    at http://www.ferc.gov.                                 5203, Internal Revenue Service, P.O.                  purposes of section 956, including
                                                       Comments on the Staff Memorandum                     Box 7604, Ben Franklin Station,                       regulations to prevent the avoidance of
                                                    should be filed within 30 days of the                   Washington, DC 20044. Submissions                     section 956 through reorganizations or
                                                    issuance of this Notice. The                            may be hand-delivered Monday through                  otherwise.
                                                    Commission encourages electronic                        Friday between the hours of 8 a.m. and                   Under § 1.956–4(b), a CFC that is a
                                                    submission of comments in lieu of                       4 p.m. to CC:PA:LPD:PR (REG–114734–                   partner in a partnership generally is
                                                    paper using the ‘‘eFiling’’ link at http://             16), Courier’s Desk, Internal Revenue                 treated as holding its share of United
                                                    www.ferc.gov. Persons unable to file                    Service, 1111 Constitution Avenue NW.,                States property held by the partnership


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Document Created: 2016-11-03 03:24:24
Document Modified: 2016-11-03 03:24:24
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionProposed Rules
FR Citation81 FR 76542 
CFR Citation18 CFR 153
18 CFR 157
18 CFR 33
18 CFR 340-347
18 CFR 380
18 CFR 40
18 CFR 45

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