82 FR 27217 - Review of Regulations

DEPARTMENT OF THE TREASURY

Federal Register Volume 82, Issue 113 (June 14, 2017)

On January 30, 2017, the President signed Executive Order 13771, Reducing Regulation and Controlling Regulatory Costs, to direct agencies to eliminate two regulations for each new regulation issued and to limit costs for this fiscal year to zero. On February 24, 2017, the President issued Executive Order 13777, Enforcing the Regulatory Reform Agenda, which requires agencies to convene a regulatory reform task force to assist in the implementation of Executive Order 13771. In furtherance of those Executive Orders, this notice invites members of the public to submit views and recommendations for Treasury Department regulations that can be eliminated, modified, or streamlined in order to reduce burdens.

[Federal Register Volume 82, Number 113 (Wednesday, June 14, 2017)]
[Proposed Rules]
[Pages 27217-27218]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-12319]


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Proposed Rules
                                                Federal Register
________________________________________________________________________

This section of the FEDERAL REGISTER contains notices to the public of 
the proposed issuance of rules and regulations. The purpose of these 
notices is to give interested persons an opportunity to participate in 
the rule making prior to the adoption of the final rules.

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Federal Register / Vol. 82, No. 113 / Wednesday, June 14, 2017 / 
Proposed Rules

[[Page 27217]]



DEPARTMENT OF THE TREASURY

5 CFR Chapter XXI

12 CFR Chapters I, V, XV, and XVIII

17 CFR Chapter IV

19 CFR Chapter I

26 CFR Chapter I

27 CFR Chapter I

31 CFR Subtitle A and Chapters I, II, IV Through VIII, IX, and X

48 CFR Chapter 10


Review of Regulations

AGENCY: Department of the Treasury.

ACTION: Request for information.

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SUMMARY: On January 30, 2017, the President signed Executive Order 
13771, Reducing Regulation and Controlling Regulatory Costs, to direct 
agencies to eliminate two regulations for each new regulation issued 
and to limit costs for this fiscal year to zero. On February 24, 2017, 
the President issued Executive Order 13777, Enforcing the Regulatory 
Reform Agenda, which requires agencies to convene a regulatory reform 
task force to assist in the implementation of Executive Order 13771. In 
furtherance of those Executive Orders, this notice invites members of 
the public to submit views and recommendations for Treasury Department 
regulations that can be eliminated, modified, or streamlined in order 
to reduce burdens.

DATES: Comment due date: July 31, 2017.

ADDRESSES: Interested persons are invited to submit comments in 
response to this notice according to the instructions below. All 
submissions must refer to the document title. Treasury encourages the 
early submission of comments.
    Electronic Submission of Comments. Interested persons must submit 
comments electronically through the Federal eRulemaking Portal at 
http://www.regulations.gov. Electronic submission of comments allows 
the commenter maximum time to prepare and submit a comment, ensures 
timely receipt, and enables the Department to make comments available 
to the public. Comments submitted electronically through the http://www.regulations.gov Web site can be viewed by other commenters and 
interested members of the public. Commenters should follow the 
instructions provided on that site to submit comments electronically.
    Public Inspection of Comments. In general, all properly submitted 
comments will be available for inspection and downloading at http://www.regulations.gov.
    Additional Instructions. In general, comments received, including 
attachments and other supporting materials, are part of the public 
record and are made available to the public. Do not enclose any 
information in your comment or supporting materials that you consider 
confidential or inappropriate for public disclosure.

FOR FURTHER INFORMATION CONTACT: Heidi Cohen, Office of the General 
Counsel (General Law, Ethics, and Regulation), 202-622-1142.

SUPPLEMENTARY INFORMATION: Executive Order 13777, Enforcing the 
Regulatory Reform Agenda, requires agencies to convene a regulatory 
reform task force to assist in the implementation of Executive Order 
13771 as well as Executive Orders 12866 and 13563.
    The Department is forming such a task force, which will evaluate 
existing regulations and make recommendations to the Secretary to 
prioritize their possible repeal, replacement, or modification, 
consistent with applicable law. The Executive Order 13777 requires the 
task force to attempt to identify for repeal, replacement or 
modification regulations that eliminate jobs or inhibit job creation; 
are outdated, unnecessary, or ineffective; impose costs that exceed 
benefits; create a serious inconsistency or otherwise interfere with 
regulatory reform initiatives and policies; are inconsistent with the 
requirements of the Information Quality Act (44 U.S.C. 3516 note), or 
the guidance issued pursuant to that provision; or derive from or 
implement Executive Orders or other Presidential directives that have 
been subsequently rescinded or substantially modified.
    Executive Order 13777 encourages agencies to seek input from small 
businesses, state and local governments, trade associations, and other 
stakeholders significantly affected by regulations. Accordingly, this 
notice invites interested members of the public to provide input on 
those Treasury regulations and guidance that should be modified or 
eliminated in order to reduce burdens. Commenters should identify the 
regulation by title and citation to the Code of Federal Regulations and 
should explain how the regulations could be modified, if appropriate, 
or explain why the regulation should be eliminated. To the extent 
available, commenters should provide available data and an explanation 
of regulatory costs and compliance burdens.
    In particular, the Department invites comments on regulations, 
forms, and guidance documents issued or promulgated by the Internal 
Revenue Service, the Alcohol and Tobacco Tax and Trade Bureau, the 
Bureau of the Fiscal Service, Departmental Offices (Office of the 
Secretary), the Financial Crimes Enforcement Network, the Community 
Development Financial Institutions Fund, the Office of Foreign Assets 
Control, and Treasury regulations and guidance issued under the 
Department's Customs Revenue Function (19 CFR chapter 1).
    In its Notice 2017-28, Treasury and IRS invited public comment on 
recommendations for the 2017-2018 Priority Guidance Plan for tax 
guidance. That notice included a similar request for input pursuant to 
Executive Orders 13771 and 13777. Today's request for comments is 
intended to support and not duplicate those efforts. If commenters have 
already submitted comments in response to Notice 2017-28, those 
comments will be shared with and may be used by the Department's task 
force as it evaluates regulations.
    The Department advises that this notice and request for comments is 
issued for information and policy development purposes. Although the 
Department encourages responses to this notice, such comments do not 
bind the Department to taking any further actions related to the 
submission.


[[Page 27218]]


    Dated: June 8, 2017.
Brian Callanan,
Acting General Counsel.
[FR Doc. 2017-12319 Filed 6-13-17; 8:45 am]
 BILLING CODE 4810-25-P