82 FR 40342 - Semiannual Agenda

DEPARTMENT OF THE TREASURY

Federal Register Volume 82, Issue 163 (August 24, 2017)

Page Range		40342-40342
FR Document		2017-17059

This notice is given pursuant to the requirements of the Regulatory Flexibility Act and Executive Order 12866 (``Regulatory Planning and Review''), which require the publication by the Department of a semiannual agenda of regulations.

Federal Register, Volume 82 Issue 163 (Thursday, August 24, 2017)

[Federal Register Volume 82, Number 163 (Thursday, August 24, 2017)]
[Unknown Section]
[Page 40342]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-17059]



[[Page 40341]]

Vol. 82

Thursday,

No. 163

August 24, 2017

Part XIV





Department of the Treasury





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





Semiannual Regulatory Agenda

Federal Register / Vol. 82 , No. 163 / Thursday, August 24, 2017 / 
Unified Agenda

[[Page 40342]]


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

DEPARTMENT OF THE TREASURY

31 CFR Subtitles A and B


Semiannual Agenda

AGENCY: Department of the Treasury.

ACTION: Semiannual regulatory agenda.

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

SUMMARY: This notice is given pursuant to the requirements of the 
Regulatory Flexibility Act and Executive Order 12866 (``Regulatory 
Planning and Review''), which require the publication by the Department 
of a semiannual agenda of regulations.

FOR FURTHER INFORMATION CONTACT: The Agency contact identified in the 
item relating to that regulation.

SUPPLEMENTARY INFORMATION: The semiannual regulatory agenda includes 
regulations that the Department has issued or expects to issue and 
rules currently in effect that are under departmental or bureau review.
    Beginning with the fall 2007 edition, the Internet has been the 
primary medium for disseminating the Unified Agenda. The complete 
Unified Agenda will be available online at www.reginfo.gov and 
www.regulations.gov, in a format that offers users an enhanced ability 
to obtain information from the Agenda database. Because publication in 
the Federal Register is mandated for the regulatory flexibility agenda 
required by the Regulatory Flexibility Act (5 U.S.C. 602), Treasury's 
printed agenda entries include only:
    (1) Rules that are in the regulatory flexibility agenda, in 
accordance with the Regulatory Flexibility Act, because they are likely 
to have a significant economic impact on a substantial number of small 
entities; and
    (2) Rules that have been identified for periodic review under 
section 610 of the Regulatory Flexibility Act.
    Printing of these entries is limited to fields that contain 
information required by the Regulatory Flexibility Act's Agenda 
requirements. Additional information on these entries is available in 
the Unified Agenda available on the Internet.
    The semiannual agenda of the Department of the Treasury conforms to 
the Unified Agenda format developed by the Regulatory Information 
Service Center (RISC).

 Brian J. Sonfield,
Deputy Assistant General Counsel for General Law and Regulation.

               Internal Revenue Service--Long-Term Actions
------------------------------------------------------------------------
                                                           Regulation
       Sequence No.                    Title             Identifier No.
------------------------------------------------------------------------
190.......................  Deemed Distributions Under         1545-BN07
                             Section 305(c) of Stock
                             and Rights to Acquire
                             Stock.
------------------------------------------------------------------------


               Internal Revenue Service--Completed Actions
------------------------------------------------------------------------
                                                           Regulation
       Sequence No.                    Title             Identifier No.
------------------------------------------------------------------------
191.......................  Issue Price Definition for         1545-BM46
                             Tax-Exempt Bonds.
------------------------------------------------------------------------


DEPARTMENT OF THE TREASURY (TREAS)

Internal Revenue Service (IRS)

Long-Term Actions

190. Deemed Distributions Under Section 305(C) of Stock and Rights To 
Acquire Stock

    Legal Authority: 26 U.S.C. 7805
    Abstract: Provide guidance on the amount and timing of 
distributions under section 305(c) and 305(b), and to clarify that 
deemed distributions caused by changes in conversion ratios are 
considered a distribution of additional rights to acquire the 
underlying stock, and not a distribution of the underlying stock 
itself. Guidance is also provided to withholding agents regarding their 
withholding obligations, and on information reporting for such 
distributions under sections 860G, 861, 1441, 1461, 1471, 1473, and 
6045(B).
    Timetable:

------------------------------------------------------------------------
               Action                    Date            FR Cite
------------------------------------------------------------------------
NPRM................................   04/13/16  81 FR 21795
NPRM Comment Period End.............   07/12/16  .......................
Final Action........................   06/00/18  .......................
------------------------------------------------------------------------

    Regulatory Flexibility Analysis Required: Yes.
    Agency Contact: Maurice LaBrie, Phone: 202 317-6848.
    RIN: 1545-BN07

DEPARTMENT OF THE TREASURY (TREAS)

Internal Revenue Service (IRS)

Completed Actions

191. Issue Price Definition for Tax-Exempt Bonds

    Legal Authority: 26 U.S.C. 148(i); 26 U.S.C. 7805
    Abstract: The final regulations define issue price for purposes of 
the arbitrage restrictions under section 148 of the Internal Revenue 
Code applicable to tax-exempt bonds and other tax-advantaged bonds.
    Completed:

------------------------------------------------------------------------
               Reason                    Date            FR Cite
------------------------------------------------------------------------
Final Action: TD 9801...............   12/09/16  81 FR 88999
Final Action Effective..............   12/09/16  .......................
------------------------------------------------------------------------

    Regulatory Flexibility Analysis Required: Yes.
    Agency Contact: Lewis Bell, Phone: 202 317-4565, Fax: 855 574-9028, 
Email: [email protected].
    RIN: 1545-BM46

[FR Doc. 2017-17059 Filed 8-23-17; 8:45 am]
 BILLING CODE 4810-01-P

40342 Federal Register / Vol. 82, No. 163 / Thursday, August 24, 2017 / Unified Agenda

DEPARTMENT OF THE TREASURY issued or expects to issue and rules they are likely to have a significant
currently in effect that are under economic impact on a substantial
31 CFR Subtitles A and B departmental or bureau review. number of small entities; and
Beginning with the fall 2007 edition, (2) Rules that have been identified for
Semiannual Agenda periodic review under section 610 of the
the Internet has been the primary
AGENCY: Department of the Treasury. medium for disseminating the Unified Regulatory Flexibility Act.
ACTION: Semiannual regulatory agenda. Agenda. The complete Unified Agenda Printing of these entries is limited to
will be available online at fields that contain information required
SUMMARY: This notice is given pursuant www.reginfo.gov and by the Regulatory Flexibility Act’s
to the requirements of the Regulatory www.regulations.gov, in a format that Agenda requirements. Additional
Flexibility Act and Executive Order offers users an enhanced ability to information on these entries is available
12866 (‘‘Regulatory Planning and obtain information from the Agenda in the Unified Agenda available on the
Review’’), which require the publication database. Because publication in the Internet.
by the Department of a semiannual Federal Register is mandated for the The semiannual agenda of the
agenda of regulations. regulatory flexibility agenda required by Department of the Treasury conforms to
FOR FURTHER INFORMATION CONTACT: The the Regulatory Flexibility Act (5 U.S.C. the Unified Agenda format developed
Agency contact identified in the item 602), Treasury’s printed agenda entries by the Regulatory Information Service
relating to that regulation. include only: Center (RISC).
SUPPLEMENTARY INFORMATION: The (1) Rules that are in the regulatory Brian J. Sonfield,
semiannual regulatory agenda includes flexibility agenda, in accordance with Deputy Assistant General Counsel for General
regulations that the Department has the Regulatory Flexibility Act, because Law and Regulation.

INTERNAL REVENUE SERVICE—LONG-TERM ACTIONS
Regulation
Sequence No. Title Identifier No.

190 .................... Deemed Distributions Under Section 305(c) of Stock and Rights to Acquire Stock ...................................... 1545–BN07

INTERNAL REVENUE SERVICE—COMPLETED ACTIONS
Regulation
Sequence No. Title Identifier No.

191 .................... Issue Price Definition for Tax-Exempt Bonds .................................................................................................. 1545–BM46

DEPARTMENT OF THE TREASURY Action Date FR Cite Abstract: The final regulations define
(TREAS) issue price for purposes of the arbitrage
NPRM .................. 04/13/16 81 FR 21795 restrictions under section 148 of the
Internal Revenue Service (IRS) NPRM Comment 07/12/16 Internal Revenue Code applicable to tax-
Long-Term Actions Period End. exempt bonds and other tax-advantaged
Final Action ......... 06/00/18 bonds.
190. Deemed Distributions Under
Section 305(C) of Stock and Rights To Regulatory Flexibility Analysis Completed:
Acquire Stock Required: Yes.
Agency Contact: Maurice LaBrie, Reason Date FR Cite
Legal Authority: 26 U.S.C. 7805
Abstract: Provide guidance on the Phone: 202 317–6848. Final Action: TD 12/09/16 81 FR 88999
amount and timing of distributions RIN: 1545–BN07 9801.
under section 305(c) and 305(b), and to Final Action Effec- 12/09/16
clarify that deemed distributions caused tive.
by changes in conversion ratios are DEPARTMENT OF THE TREASURY
considered a distribution of additional (TREAS) Regulatory Flexibility Analysis
rights to acquire the underlying stock, Required: Yes.
and not a distribution of the underlying Internal Revenue Service (IRS)
Agency Contact: Lewis Bell, Phone:
stock itself. Guidance is also provided to Completed Actions 202 317–4565, Fax: 855 574–9028,
withholding agents regarding their Email: lewis.bell@irscounsel.treas.gov.
withholding obligations, and on 191. Issue Price Definition for Tax-
information reporting for such Exempt Bonds RIN: 1545–BM46
distributions under sections 860G, 861, Legal Authority: 26 U.S.C. 148(i); 26 [FR Doc. 2017–17059 Filed 8–23–17; 8:45 am]
mstockstill on DSK30JT082PROD with PROPOSAL14

1441, 1461, 1471, 1473, and 6045(B). U.S.C. 7805 BILLING CODE 4810–01–P
Timetable:

VerDate Sep<11>2014 17:55 Aug 23, 2017 Jkt 241001 PO 00000 Frm 00002 Fmt 4701 Sfmt 9990 E:\FR\FM\24AUP14.SGM 24AUP14

Document Created: 2018-10-24 12:36:39
Document Modified: 2018-10-24 12:36:39

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		Unknown Section
Action		Semiannual regulatory agenda.
Contact		The Agency contact identified in the item relating to that regulation.
FR Citation		82 FR 40342