Guidance Under Section 7874 Regarding Expatriated Entities and Their Foreign Parents; Hearing Cancellation, 62407 [E6-17811]

Download as PDF Federal Register / Vol. 71, No. 206 / Wednesday, October 25, 2006 / Proposed Rules https://www.gao.gov/new.items/rc00156.pdf. Accessed and printed on September 25, 2006.) 5. International Life Sciences Institute, ‘‘Health Claims on Functional Foods— Proposals on Scientific Substantiation and Regulatory Systems,’’ 2000. 6. Center for Science in the Public Interest, Citizen petition 2002P–0122, Petition for Rulemaking on Functional Foods and Request to Establish an Advisory Committee, 2002. Dated: October 19, 2006. Randall W. Lutter, Associate Commissioner for Policy and Planning. [FR Doc. 06–8895 Filed 10–20–06; 3:48 pm] BILLING CODE 4160–01–S The public comment period for these regulations expired on October 10, 2006. The notice of proposed rulemaking by cross-reference to temporary regulations and notice of public hearing instructed those interested in testifying at the public hearing to submit a request to speak and an outline of the topics to be addressed. As of Wednesday, October 18, 2006, no one has requested to speak. Therefore, the public hearing scheduled for October 31, 2006 is cancelled. LaNita VanDyke, Federal Register Liaison, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel, (Procedure and Administration). [FR Doc. E6–17811 Filed 10–24–06; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Internal Revenue Service DEPARTMENT OF DEFENSE 26 CFR Part 1 Office of the Secretary [REG–112994–06] RIN 1545–BF47 32 CFR Part 161 Guidance Under Section 7874 Regarding Expatriated Entities and Their Foreign Parents; Hearing Cancellation [DoD–2006–OS–0039; 0790–AI04] DLA Procedures for Eligible Purchasers of Munitions List/ Commerce Control List Items Internal Revenue Service, Treasury. ACTION: Cancellation of notice of public hearing on proposed rulemaking. AGENCY: This document cancels a public hearing on proposed regulations under section 7874 of the Internal Revenue Code relating to the determination of whether a foreign entity shall be treated as a surrogate foreign corporation under section 7874(a)(2)(B). DATES: The public hearing, originally scheduled for October 31, 2006, at 10 a.m. is cancelled. FOR FURTHER INFORMATION CONTACT: Kelly Banks of the Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel (Procedure and Administration), at (202) 622–0392 (not a toll-free number). SUPPLEMENTARY INFORMATION: A notice of proposed rulemaking by crossreference to temporary regulations and notice of public hearing that appeared in the Federal Register on Wednesday, August 16, 2006 (71 FR 47158), announced that a public hearing was scheduled for October 31, 2006, at 10 a.m. in the auditorium, Internal Revenue Service, New Carrollton Building, 5000 Ellin Road, Lanham, MD 20706. The subject of the public hearing is under section 7874 of the Internal Revenue Code. mstockstill on PROD1PC61 with PROPOSALS SUMMARY: VerDate Aug<31>2005 11:21 Oct 24, 2006 Jkt 211001 Department of Defense. Proposed rule. AGENCY: ACTION: SUMMARY: This proposed rule identifies the Defense Logistics Agency (DLA) proposed new procedures for determining the eligibility of applicants seeking to obtain excess and surplus United States Munitions List (USML) and Commerce Control List (CCL) items from DLA. These new procedures will provide greater safeguards to protect national security interests before releasing such property into commerce. Applicants who do not meet the standards established herein will not be eligible to receive USML or CCL property. Consideration will be given to all comments received by December 26, 2006. DATES: You may submit comments, identified by docket number and or RIN number and title, by any of the following methods: • Federal eRulemaking Portal: https:// www.regulations.gov. Follow the instructions for submitting comments. • Mail: Federal Docket Management System Office, 1160 Defense Pentagon, Washington, DC 20301–1160. Instructions: All submissions received must include the agency name and docket number or Regulatory Information Number (RIN) for this ADDRESSES: PO 00000 Frm 00011 Fmt 4702 Sfmt 4702 62407 Federal Register document. The general policy for comments and other submissions from members of the public is to make these submissions available for public viewing on the Internet at https://www.regulations.gov as they are received without change, including any personal identifiers or contact information. Mr. Mark Vincent, Defense Logistics Agency Criminal Investigations Activity, 8725 John J. Kingman Road, Suite 2358, Fort Belvoir, VA 22060, (703) 767–2507 or email mark.d.vincent@dla.mil. SUPPLEMENTARY INFORMATION: The use of the Qualified Trading Partner (QTP) is intended to limit transfers of USML/ CCL to those who have been assessed and determined to have the capacity and propensity to properly handle, control, and lawfully dispose of or export USML/CCL. The process is intended to reduce risk without adversely impacting lawful commerce of these items. Use of the QTP application will reduce the likelihood that recipients present a risk to misuse the material and help ensure the applicants have the capability to properly handle such items. Implementation of QTP application criteria will improve the assessment process. Where the QTP Application needs to be done only once each 5 years, continued use of the EUC allows visibility of each transaction and the specific factors associated with just that transaction. FOR FURTHER INFORMATION CONTACT: Executive Order 12866, ‘‘Regulatory Planning and Review’’ It has been determined that 32 CFR part 161 is not a significant regulatory action. The rule does not: (1) Have an annual effect on the economy of $100 million or more or adversely affect in a material way the economy; a section of the economy; productivity; competition; jobs; the environment; public health or safety; or State, local, or tribal governments or communities; (2) Create a serious inconsistency or otherwise interfere with an action taken or planned by another Agency; (3) Materially alter the budgetary impact of entitlements, grants, user fees, or loan programs, or the rights and obligations of recipients thereof; or (4) Raise novel legal or policy issues arising out of legal mandates, the President’s priorities, or the principles set forth in this Executive Order. Unfunded Mandates Reform Act (Sec. 202, Pub. L. 104–4) It has been certified that this rule does not contain a Federal mandate that may E:\FR\FM\25OCP1.SGM 25OCP1

Agencies

[Federal Register Volume 71, Number 206 (Wednesday, October 25, 2006)]
[Proposed Rules]
[Page 62407]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-17811]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-112994-06]
RIN 1545-BF47


Guidance Under Section 7874 Regarding Expatriated Entities and 
Their Foreign Parents; Hearing Cancellation

AGENCY: Internal Revenue Service, Treasury.

ACTION: Cancellation of notice of public hearing on proposed 
rulemaking.

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SUMMARY: This document cancels a public hearing on proposed regulations 
under section 7874 of the Internal Revenue Code relating to the 
determination of whether a foreign entity shall be treated as a 
surrogate foreign corporation under section 7874(a)(2)(B).

DATES: The public hearing, originally scheduled for October 31, 2006, 
at 10 a.m. is cancelled.

FOR FURTHER INFORMATION CONTACT: Kelly Banks of the Publications and 
Regulations Branch, Legal Processing Division, Associate Chief Counsel 
(Procedure and Administration), at (202) 622-0392 (not a toll-free 
number).

SUPPLEMENTARY INFORMATION: A notice of proposed rulemaking by cross-
reference to temporary regulations and notice of public hearing that 
appeared in the Federal Register on Wednesday, August 16, 2006 (71 FR 
47158), announced that a public hearing was scheduled for October 31, 
2006, at 10 a.m. in the auditorium, Internal Revenue Service, New 
Carrollton Building, 5000 Ellin Road, Lanham, MD 20706. The subject of 
the public hearing is under section 7874 of the Internal Revenue Code.
    The public comment period for these regulations expired on October 
10, 2006. The notice of proposed rulemaking by cross-reference to 
temporary regulations and notice of public hearing instructed those 
interested in testifying at the public hearing to submit a request to 
speak and an outline of the topics to be addressed. As of Wednesday, 
October 18, 2006, no one has requested to speak. Therefore, the public 
hearing scheduled for October 31, 2006 is cancelled.

LaNita VanDyke,
Federal Register Liaison, Publications and Regulations Branch, Legal 
Processing Division, Associate Chief Counsel, (Procedure and 
Administration).
[FR Doc. E6-17811 Filed 10-24-06; 8:45 am]
BILLING CODE 4830-01-P
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