Technical Updates to Applicability of the Supplemental Security Income (SSI) Reduced Benefit Rate for Individuals Residing in Medical Treatment Facilities, 54349-54350 [E7-18815]

Download as PDF Federal Register / Vol. 72, No. 185 / Tuesday, September 25, 2007 / Rules and Regulations examination cycle based on the interim rules, for an increase of 31 offices.10 The FDI Act and the IBA set the outside limits within which an on-site safety and soundness examination of an institution or foreign bank office must commence, and permit the appropriate Agency for an institution or foreign bank to conduct an on-site examination more frequently than required. The Agencies’ rules continue to expressly recognize that the appropriate Agency may examine an institution or foreign bank office as frequently as the Agency deems necessary. Regulatory Flexibility Act The final rules do not impose any new obligations, restrictions or burdens on banking organizations, including small banking organizations, and, indeed, reduce regulatory burden associated with on-site examinations for qualifying small institutions and foreign bank offices. For these reasons, the Agencies certify that the final rules will not have a significant impact on a substantial number of small entities, as defined in the Regulatory Flexibility Act, 5 U.S.C. 601 et seq., and therefore a regulatory flexibility analysis is not required. The objective and legal basis for the rules are discussed in the Supplementary Information. Paperwork Reduction Act In accordance with the Paperwork Reduction Act of 1995,11 the Agencies have determined that no collections of information pursuant to the Paperwork Reduction Act are contained in these final rules. OCC and OTS Unfunded Mandates Act of 1995 Statement Section 202 of the Unfunded Mandates Reform Act of 1995 12 requires that an agency prepare a budgetary impact statement before promulgating a rule that includes a Federal mandate that may result in the expenditure by State, local, and tribal governments, in the aggregate, or by the private sector, of $100 million or more in any one year. If a budgetary impact statement is required, section 205 of the Unfunded Mandates Act also requires an agency to identify and consider a reasonable number of regulatory alternatives before promulgating a rule. Because the OCC and the OTS have each independently determined that the rules will not result in expenditures by State, local, and tribal governments, in the aggregate, or by the private sector, of more than $100 million in any one year, the OCC and the OTS have not prepared a budgetary impact statement or specifically addressed the regulatory alternatives considered. Nevertheless, as discussed in the preamble, the rules will have the effect of reducing regulatory burden on certain institutions and foreign bank offices. Plain Language Section 722 of the Gramm-LeachBliley Act (12 U.S.C. 4809) requires the Agencies to use ‘‘plain language’’ in all proposed and final rules published in the Federal Register. The Agencies believe the final rules are presented in a clear and straightforward manner and received no comments on how to make the rules easier to understand. List of Subjects 54349 12 CFR Part 211 Exports, Federal Reserve System, Foreign banking, Holding companies, Investments, Reporting and recordkeeping requirements. 12 CFR Part 337 Banks, banking, Reporting and recordkeeping requirements, Securities. 12 CFR Part 347 Authority delegations (Government agencies), Bank deposit insurance, Banks, Banking, Credit, Foreign banking, Investments, Reporting and recordkeeping requirements, United States investments abroad. 12 CFR Part 563 Accounting, Advertising, Crime, Currency, Investments, Reporting and recordkeeping requirements, Savings associations, Securities, Surety bonds. Authority and Issuance For the reasons set forth in the joint preamble, the interim rules amending 12 CFR parts 4, 208, 211, 337, 347, and 563 which were published at 72 FR 17798 on April 10, 2007, are adopted as final rules without change. I Dated: September 17, 2007. John C. Dugan, Comptroller of the Currency, Office of the Comptroller of the Currency. Board of Governors of the Federal Reserve System, September 19, 2007. Jennifer J. Johnson, Secretary of the Board. Dated at Washington, DC, this 11th day of September, 2007. Federal Deposit Insurance Corporation. Robert E. Feldman, Executive Secretary. Administrative Procedure Act 12 CFR Part 4 The Agencies conclude that because the interim rules are in effect and recognize an exemption, and the Agencies have made no changes in the final rules, the rules are exempt from the delayed effective date requirement of the Administrative Procedure Act. 5 U.S.C. 553(d). Administrative practice and procedure, Availability and release of information, Confidential business information, Contracting outreach program, Freedom of information, National banks, Organization and functions (government agencies), Reporting and recordkeeping requirements, Women and minority businesses. Dated: September 13, 2007. By the Office of Thrift Supervision. John M. Reich, Director. [FR Doc. 07–4716 Filed 9–24–07; 8:45 am] 12 CFR Part 208 20 CFR Part 416 Accounting, Agriculture, Banks, Banking, Confidential business information, Crime, Currency, Federal Reserve System, Flood insurance, Mortgages, Reporting and recordkeeping requirements, Safety and soundness, Securities. [Docket No. SSA–2006–0103] OCC and OTS Executive Order 12866 Statement yshivers on PROD1PC62 with RULES The OCC and OTS have each independently determined that the final rules are not significant regulatory actions under Executive Order 12866. 10 Data are as of June 30, 2006, and reflect the number of institutions and foreign bank offices with total assets of less than $500 million. 11 44 U.S.C. 3506; 5 CFR 1320, Appendix A.1. VerDate Aug<31>2005 15:17 Sep 24, 2007 Jkt 211001 12 Pub. L. 104–4, 109 Stat. 48 (March 22, 1995) (Unfunded Mandates Act). PO 00000 Frm 00009 Fmt 4700 Sfmt 4700 BILLING CODE 4810–33–P; 6210–01–P; 6714–01–P; 6720–01–P SOCIAL SECURITY ADMINISTRATION RIN 0960–AF99 Technical Updates to Applicability of the Supplemental Security Income (SSI) Reduced Benefit Rate for Individuals Residing in Medical Treatment Facilities AGENCY: E:\FR\FM\25SER1.SGM Social Security Administration. 25SER1 54350 Federal Register / Vol. 72, No. 185 / Tuesday, September 25, 2007 / Rules and Regulations Final rule; correcting amendment. ACTION: This document contains a correction to the final rules that were published in the Federal Register on September 5, 2007 (72 FR 50871). The final rules amended our regulations to reflect two provisions of the Balanced Budget Act of 1997 that affect the payment of benefits under title XVI of the Social Security Act (the Act). One of the provisions extended temporary institutionalization benefits to children receiving SSI benefits who enter private medical treatment facilities and who otherwise would be ineligible for temporary institutionalization benefits because of private insurance coverage. The other provision replaced obsolete terminology in the Act that referred to particular kinds of medical facilities and substituted a broader, more descriptive term. DATES: Effective on October 5, 2007. FOR FURTHER INFORMATION CONTACT: Lois Berg, Social Insurance Specialist, Office of the Commissioner, Social Security Administration, 922 Altmeyer Building, 6401 Security Boulevard, Baltimore, MD 21235–6401, (410) 965–1713, for information about this notice. For information on eligibility or filing for benefits, call our national toll-free number, 1–800–772–1213 or TTY 1– 800–325–0778, or visit our Internet site, Social Security Online, at http:// www.socialsecurity.gov. SUPPLEMENTARY INFORMATION: The final rule published on September 5, 2007 and effective October 5, 2007 included changes in terminology in § 416.414(a)(1), (2) and (3). These changes were inadvertently removed from the final rule published on September 5, 2007. This correction now shows that the terminology should be changed in those three subordinate paragraphs. SUMMARY: Authority: Secs. 702(a)(5), 1611(a), (b), (c), and (e), 1612, 1617, and 1631 of the Social Security Act (42 U.S.C. 902(a)(5), 1382(a), (b), (c), and (e), 1382a, 1382f, and 1383). § 416.414 [Amended] 2. In § 416.414(a)(1), (2) and (3), remove the words ‘‘medical facility’’ and ‘‘medical care facility’’ wherever they appear and add in their place the words ‘‘medical treatment facility’’. I Dated: September 18, 2007. Paul Kryglik, Acting Social Security Regulations Officer. [FR Doc. E7–18815 Filed 9–24–07; 8:45 am] DEPARTMENT OF THE TREASURY Internal Revenue Service RIN 1545–AY22 Corporate Estimated Tax; Correction Internal Revenue Service (IRS), Treasury. ACTION: Correcting amendment. AGENCY: yshivers on PROD1PC62 with RULES * * (g) * * * (2) * * * * * Example. * * * For the first installment period in 2008, ABC is permitted to recognize a deduction under section 199 of $3,000 ($50,000 × .06 = $3,000) subject to the wage limitation of $5,000 (50 percent of $10,000 of W–2 wages incurred during the first installment period). * * * * * * * BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY SUMMARY: This document contains a correction to final regulations (TD 9347) that were published in the Federal Register on Tuesday, August 7, 2007 (72 FR 44338) providing guidance to corporations with respect to estimated tax requirements. DATES: The correction is effective September 25, 2007. FOR FURTHER INFORMATION CONTACT: Timothy Sheppard at (202) 622–4910 (not a toll-free number). SUPPLEMENTARY INFORMATION: Internal Revenue Service Background SUMMARY: This document contains corrections to final regulations (TD 9340) that were published in the Federal Register on Thursday, July 26, 2007 (72 FR 41128) providing updated guidance on section 403(b) contracts of public schools and tax-exempt organizations described in section 501(c)(3). These regulations will affect sponsors of section 403(b) contracts, administrators, participants, and beneficiaries. DATES: The correction is effective September 25, 2007. FOR FURTHER INFORMATION CONTACT: Concerning the regulations, John Tolleris at (202) 622–6060; concerning the regulations as applied to churchrelated entities, Robert Architect at (202) 283–9634 (not toll-free numbers). As published, final regulations (TD 9347) contain an error that may prove to be misleading and is in need of clarification. List of Subjects in 26 CFR Part 1 Correction of Publication Accordingly, 26 CFR part 1 is corrected by making the following amendments: I Jkt 211001 * Annualized income installment LaNita Van Dyke, Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel (Procedure and Administration). [FR Doc. E7–18807 Filed 9–24–07; 8:45 am] Income taxes, Reporting and recordkeeping requirements. 15:17 Sep 24, 2007 § 1.6655–2 method. [TD 9347] PART 416—SUPPLEMENTAL SECURITY INCOME FOR THE AGED, BLIND, AND DISABLED VerDate Aug<31>2005 I Par. 2. Section 1.6655–2 is amended by revising the fifth sentence of paragraph (g)(2) Example. to read as follows: * Need for Correction 1. The authority citation for subpart D of part 416 continues to read as follows: Authority: 26 U.S.C. 7805 * * * 26 CFR Part 1 The final regulations that are the subject of this correction are under sections 6425 and 6655 of the Internal Revenue Code. I Paragraph 1. The authority citation for part 1 continues to read, in part, as follows: BILLING CODE 4191–02–P List of Subjects in 20 CFR Part 416 Administrative practice and procedure, Aged, Blind, Disability benefits, Public assistance programs, Reporting and recordkeeping requirements, Supplemental Security Income (SSI). I Accordingly, 20 CFR part 416 is corrected by making the following correcting amendment: Subpart D—[Amended] PART 1—INCOME TAXES I PO 00000 Frm 00010 Fmt 4700 Sfmt 4700 26 CFR Part 1 [TD 9340] RIN 1545–BB64 Revised Regulations Concerning Section 403(b) Tax-Sheltered Annuity Contracts; Correction Internal Revenue Service (IRS), Treasury. ACTION: Correction to final regulations. AGENCY: E:\FR\FM\25SER1.SGM 25SER1

Agencies

[Federal Register Volume 72, Number 185 (Tuesday, September 25, 2007)]
[Rules and Regulations]
[Pages 54349-54350]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-18815]


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SOCIAL SECURITY ADMINISTRATION

20 CFR Part 416

[Docket No. SSA-2006-0103]
RIN 0960-AF99


Technical Updates to Applicability of the Supplemental Security 
Income (SSI) Reduced Benefit Rate for Individuals Residing in Medical 
Treatment Facilities

AGENCY: Social Security Administration.

[[Page 54350]]


ACTION: Final rule; correcting amendment.

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

SUMMARY: This document contains a correction to the final rules that 
were published in the Federal Register on September 5, 2007 (72 FR 
50871). The final rules amended our regulations to reflect two 
provisions of the Balanced Budget Act of 1997 that affect the payment 
of benefits under title XVI of the Social Security Act (the Act). One 
of the provisions extended temporary institutionalization benefits to 
children receiving SSI benefits who enter private medical treatment 
facilities and who otherwise would be ineligible for temporary 
institutionalization benefits because of private insurance coverage. 
The other provision replaced obsolete terminology in the Act that 
referred to particular kinds of medical facilities and substituted a 
broader, more descriptive term.

DATES: Effective on October 5, 2007.

FOR FURTHER INFORMATION CONTACT: Lois Berg, Social Insurance 
Specialist, Office of the Commissioner, Social Security Administration, 
922 Altmeyer Building, 6401 Security Boulevard, Baltimore, MD 21235-
6401, (410) 965-1713, for information about this notice. For 
information on eligibility or filing for benefits, call our national 
toll-free number, 1-800-772-1213 or TTY 1-800-325-0778, or visit our 
Internet site, Social Security Online, at http://
www.socialsecurity.gov.

SUPPLEMENTARY INFORMATION: The final rule published on September 5, 
2007 and effective October 5, 2007 included changes in terminology in 
Sec.  416.414(a)(1), (2) and (3). These changes were inadvertently 
removed from the final rule published on September 5, 2007. This 
correction now shows that the terminology should be changed in those 
three subordinate paragraphs.

List of Subjects in 20 CFR Part 416

    Administrative practice and procedure, Aged, Blind, Disability 
benefits, Public assistance programs, Reporting and recordkeeping 
requirements, Supplemental Security Income (SSI).

0
Accordingly, 20 CFR part 416 is corrected by making the following 
correcting amendment:

PART 416--SUPPLEMENTAL SECURITY INCOME FOR THE AGED, BLIND, AND 
DISABLED

Subpart D--[Amended]

0
1. The authority citation for subpart D of part 416 continues to read 
as follows:

    Authority: Secs. 702(a)(5), 1611(a), (b), (c), and (e), 1612, 
1617, and 1631 of the Social Security Act (42 U.S.C. 902(a)(5), 
1382(a), (b), (c), and (e), 1382a, 1382f, and 1383).


Sec.  416.414  [Amended]

0
2. In Sec.  416.414(a)(1), (2) and (3), remove the words ``medical 
facility'' and ``medical care facility'' wherever they appear and add 
in their place the words ``medical treatment facility''.

    Dated: September 18, 2007.
Paul Kryglik,
Acting Social Security Regulations Officer.
[FR Doc. E7-18815 Filed 9-24-07; 8:45 am]
BILLING CODE 4191-02-P