Public Input on Reform of the Housing Finance System, 21146-21147 [2010-9309]

Download as PDF 21146 Federal Register / Vol. 75, No. 77 / Thursday, April 22, 2010 / Notices and Construction. The regulations implementing Executive Order 12372 regarding intergovernmental consultation on Federal programs and activities apply to this program.) Issued on: April 16, 2010. Cindy Vigue, Director, State Programs, Federal Highway Administration, Sacramento, California. [FR Doc. 2010–9290 Filed 4–21–10; 8:45 am] BILLING CODE 4910–22–P DEPARTMENT OF TRANSPORTATION Surface Transportation Board Decided: April 19, 2010. By the Board, Rachel D. Campbell, Director, Office of Proceedings. Kulunie L. Cannon, Clearance Clerk. [Docket No. FD 35344] srobinson on DSKHWCL6B1PROD with NOTICES Union Pacific Railroad Company— Trackage Rights Exemption—BNSF Railway Company Pursuant to a written trackage rights agreement dated December 16, 2009, BNSF Railway Company (BNSF) has agreed to grant overhead trackage rights to Union Pacific Railroad Company (UP) over a BNSF line of railroad known as the Thayer Subdivision extending between BNSF milepost 483.8 (Kentucky Street) and BNSF milepost 486.0 (KC Junction) in Memphis, Tenn., a distance of approximately 2.2 miles. The transaction is scheduled to be consummated on May 6, 2010, the effective date of the exemption (30 days after the exemption is filed). The purpose of the trackage rights agreement is to allow UP to interchange railcars with Canadian National Railway Company (CN) at CN’s Johnson Yard in Memphis. As a condition to this exemption, any employees affected by the trackage rights will be protected by the conditions imposed in Norfolk and Western Ry.—Trackage Rights— Burlington N., Inc., 354 I.C.C. 605 (1978), as modified in Mendocino Coast Ry.—Lease and Operate—Cal. W. R.R., 360 I.C.C. 653 (1980), and any employees affected by the discontinuance of those trackage rights will be protected by the conditions set out in Or. Short Line R.R.—Aban. Portion—Goshen Branch Between Firth and Ammon, in Bingham and Bonneville Counties, Idaho, 360 I.C.C. 91 (1979). This notice is filed under 49 CFR 1180.2(d)(7). If the notice contains false or misleading information, the exemption is void ab initio. Petitions to revoke the exemption under 49 U.S.C. 10502(d) may be filed at any time. The filing of a petition to revoke will not automatically stay the effectiveness of the exemption. Stay petitions must be filed by April 29, 2010 (at least 7 days VerDate Nov<24>2008 18:25 Apr 21, 2010 Jkt 220001 before the exemption becomes effective). An original and 10 copies of all pleadings, referring to Docket No. FD 35344, must be filed with the Surface Transportation Board, 395 E Street, SW., Washington, DC 20423–0001. In addition, a copy of each pleading must be served on Mack H. Shumate, Jr., Senior General Attorney, Union Pacific Railroad Company, 101 North Wacker Drive, Room #1920, Chicago, IL 60606. Board decisions and notices are available on our Web site at ‘‘https:// www.stb.dot.gov.’’ [FR Doc. 2010–9305 Filed 4–21–10; 8:45 am] BILLING CODE 4915–01–P DEPARTMENT OF THE TREASURY DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT [eDocket Number: TREAS–DO–2010–0001; eDocket Number: HUD–2010–0029] Public Input on Reform of the Housing Finance System AGENCIES: Office of the Undersecretary for Domestic Finance, Department of the Treasury; Office of the Assistant Secretary for Policy Development and Research, HUD. ACTION: Notice and Request for Information. SUMMARY: Consistent with the Obama Administration’s commitment to openness and transparency and the President’s Open Government Initiative, the Department of the Treasury (Treasury) and the Department of Housing and Urban Development (HUD) seek public input on establishing a more stable and sound housing finance system. DATES: Comment Due Date: July 21, 2010. Interested persons are invited to submit comments regarding this notice according to the instructions for ‘‘Electronic Submission of Comments’’ below. All submissions must refer to the document title and one of the above docket numbers. Treasury and HUD encourage the early submission of comments. Electronic Submission of Comments. Interested persons must submit comments electronically through the Federal eRulemaking Portal at https:// ADDRESSES: PO 00000 Frm 00170 Fmt 4703 Sfmt 4703 www.regulations.gov. Electronic submission of comments allows the commenter maximum time to prepare and submit a comment, ensures timely receipt, and enables Treasury or HUD to make them available to the public. Comments submitted electronically through the https://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. Note: To receive consideration as public comments, comments must be submitted through the method specified above. Again, all submissions must refer to the docket number and title of the notice. No Facsimile Comments. Facsimile (FAX) comments are not acceptable. Public Inspection of Public Comments. All properly submitted comments will be available for inspection and downloading at https:// www.regulations.gov. Additional Instructions. Please note the number of the question to which you are responding at the top of each response. Though the responses will be screened for obscenities and appropriateness, in general comments received, including attachments and other supporting materials, are part of the public record and are immediately 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: For general inquiries, submission process questions or any additional information, please call 202–622–7653. All responses to this Notice and Request for Information should be submitted via https://www.regulations.gov to ensure consideration. SUPPLEMENTARY INFORMATION: Treasury and HUD seek public comment on the following questions: 1. How should federal housing finance objectives be prioritized in the context of the broader objectives of housing policy? Commentary could address: Policy for sustainable homeownership; rental policy; balancing rental and ownership; how to account for regional differences; and affordability goals. 2. What role should the federal government play in supporting a stable, well-functioning housing finance system and what risks, if any, should the federal government bear in meeting its housing finance objectives? Commentary could address: Level of government involvement and type of support provided; role of government E:\FR\FM\22APN1.SGM 22APN1 srobinson on DSKHWCL6B1PROD with NOTICES Federal Register / Vol. 75, No. 77 / Thursday, April 22, 2010 / Notices agencies; role of private vs. public capital; role of any explicit government guarantees; role of direct subsidies and other fiscal support and mechanisms to convey such support; monitoring and management of risks including how to balance the retention and distribution of risk; incentives to encourage appropriate alignment of risk bearing in the private sector; mechanisms for dealing with episodes of market stress; and how to promote market discipline. 3. Should the government approach differ across different segments of the market, and if so, how? Commentary could address: Differentiation of approach based on mortgage size or other characteristics; rationale for integration or separation of functions related to the single-family and multifamily market; whether there should be an emphasis on supporting the production of subsidized multifamily housing; differentiation in mechanism to convey subsidies, if any. 4. How should the current organization of the housing finance system be improved? Commentary could address: What aspects should be preserved, changed, eliminated or added; regulatory considerations; optimal general organizational design and market structure; capital market functions; sources of funding; mortgage origination, distribution and servicing; the role of the existing governmentsponsored enterprises; and the challenges of transitioning from the current system to a desired future system. 5. How should the housing finance system support sound market practices? Commentary could address: Underwriting standards; how best to balance risk and access; and extent to which housing finance systems that reference certain standards and mortgage products contribute to this objective. 6. What is the best way for the housing finance system to help ensure consumers are protected from unfair, abusive or deceptive practices? Commentary could address: Level of consumer protections and limitation; supervising agencies; specific restrictions; and role of consumer education. 7. Do housing finance systems in other countries offer insights that can help inform U.S. reform choices? VerDate Nov<24>2008 18:25 Apr 21, 2010 Jkt 220001 Dated: April 16, 2010. Alastair Fitzpayne, Acting Executive Secretary, Department of the Treasury. James Parrott, Counselor to the Secretary, Department of Housing and Urban Development. [FR Doc. 2010–9309 Filed 4–21–10; 8:45 am] BILLING CODE 4810–25–P; 4210–67–P DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request for Revenue Procedure 2001– 20 AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Notice and request for comments. SUMMARY: The Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995, Public Law 104–13 (44 U.S.C. 3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning Revenue Procedure 2001–20, Voluntary Compliance on Alien Withholding Program (‘‘VCAP’’). DATES: Written comments should be received on or before June 21, 2010 to be assured of consideration. ADDRESSES: Direct all written comments to Steve Bronson, Internal Revenue Service, room 6129, 1111 Constitution Avenue, NW., Washington, DC 20224. FOR FURTHER INFORMATION CONTACT: Requests for additional information or copies of the revenue procedure should be directed to Allan Hopkins at Internal Revenue Service, room 6129, 1111 Constitution Avenue NW., Washington, DC 20224, or at (202) 622–6665, or through the internet at Allan.M.Hopkins@irs.gov. SUPPLEMENTARY INFORMATION: Title: Voluntary Compliance on Alien Withholding Program (‘‘VCAP’’). OMB Number: 1545–1735. Revenue Procedure Number: Revenue Procedure 2001–20. Abstract: The revenue procedure will improve voluntary compliance of colleges and universities in connection with their obligations to report, withhold and pay taxes due on compensation paid to foreign students and scholars (nonresident aliens). The PO 00000 Frm 00171 Fmt 4703 Sfmt 9990 21147 revenue procedure provides an optional opportunity for colleges and universities which have not fully complied with their tax obligations concerning nonresident aliens to self-audit and come into compliance with applicable reporting and payment requirements. Current Actions: There are no changes being made to the revenue procedure at this time. Type of Review: Extension of a currently approved collection. Affected Public: Not-for-profit institutions, and state, local or tribal governments. Estimated Number of Respondents: 495. Estimated Time per Respondent: 700 hours. Estimated Total Annual Burden Hours: 346,500. The following paragraph applies to all of the collections of information covered by this notice: An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless the collection of information displays a valid OMB control number. Books or records relating to a collection of information must be retained as long as their contents may become material in the administration of any internal revenue law. Generally, tax returns and tax return information are confidential, as required by 26 U.S.C. 6103. Request for Comments: Comments submitted in response to this notice will be summarized and/or included in the request for OMB approval. All comments will become a matter of public record. Comments are invited on: (a) Whether the collection of information is necessary for the proper performance of the functions of the agency, including whether the information shall have practical utility; (b) the accuracy of the agency’s estimate of the burden of the collection of information; (c) ways to enhance the quality, utility, and clarity of the information to be collected; (d) ways to minimize the burden of the collection of information on respondents, including through the use of automated collection techniques or other forms of information technology; and (e) estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services to provide information. Approved: April 13, 2010. Allan Hopkins, Tax Analyst. [FR Doc. 2010–9220 Filed 4–21–10; 8:45 am] BILLING CODE 4830–01–P E:\FR\FM\22APN1.SGM 22APN1

Agencies

[Federal Register Volume 75, Number 77 (Thursday, April 22, 2010)]
[Notices]
[Pages 21146-21147]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-9309]


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DEPARTMENT OF THE TREASURY

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[eDocket Number: TREAS-DO-2010-0001; eDocket Number: HUD-2010-0029]


Public Input on Reform of the Housing Finance System

AGENCIES: Office of the Undersecretary for Domestic Finance, Department 
of the Treasury; Office of the Assistant Secretary for Policy 
Development and Research, HUD.

ACTION: Notice and Request for Information.

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

SUMMARY: Consistent with the Obama Administration's commitment to 
openness and transparency and the President's Open Government 
Initiative, the Department of the Treasury (Treasury) and the 
Department of Housing and Urban Development (HUD) seek public input on 
establishing a more stable and sound housing finance system.

DATES: Comment Due Date: July 21, 2010.

ADDRESSES: Interested persons are invited to submit comments regarding 
this notice according to the instructions for ``Electronic Submission 
of Comments'' below. All submissions must refer to the document title 
and one of the above docket numbers. Treasury and HUD encourage the 
early submission of comments.
    Electronic Submission of Comments. Interested persons must submit 
comments electronically through the Federal eRulemaking Portal at 
https://www.regulations.gov. Electronic submission of comments allows 
the commenter maximum time to prepare and submit a comment, ensures 
timely receipt, and enables Treasury or HUD to make them available to 
the public. Comments submitted electronically through the https://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.

    Note:  To receive consideration as public comments, comments 
must be submitted through the method specified above. Again, all 
submissions must refer to the docket number and title of the notice.

    No Facsimile Comments. Facsimile (FAX) comments are not acceptable.
    Public Inspection of Public Comments. All properly submitted 
comments will be available for inspection and downloading at https://www.regulations.gov.
    Additional Instructions. Please note the number of the question to 
which you are responding at the top of each response. Though the 
responses will be screened for obscenities and appropriateness, in 
general comments received, including attachments and other supporting 
materials, are part of the public record and are immediately 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: For general inquiries, submission 
process questions or any additional information, please call 202-622-
7653. All responses to this Notice and Request for Information should 
be submitted via https://www.regulations.gov to ensure consideration.

SUPPLEMENTARY INFORMATION: Treasury and HUD seek public comment on the 
following questions:
    1. How should federal housing finance objectives be prioritized in 
the context of the broader objectives of housing policy? Commentary 
could address: Policy for sustainable homeownership; rental policy; 
balancing rental and ownership; how to account for regional 
differences; and affordability goals.
    2. What role should the federal government play in supporting a 
stable, well-functioning housing finance system and what risks, if any, 
should the federal government bear in meeting its housing finance 
objectives? Commentary could address: Level of government involvement 
and type of support provided; role of government

[[Page 21147]]

agencies; role of private vs. public capital; role of any explicit 
government guarantees; role of direct subsidies and other fiscal 
support and mechanisms to convey such support; monitoring and 
management of risks including how to balance the retention and 
distribution of risk; incentives to encourage appropriate alignment of 
risk bearing in the private sector; mechanisms for dealing with 
episodes of market stress; and how to promote market discipline.
    3. Should the government approach differ across different segments 
of the market, and if so, how? Commentary could address: 
Differentiation of approach based on mortgage size or other 
characteristics; rationale for integration or separation of functions 
related to the single-family and multi-family market; whether there 
should be an emphasis on supporting the production of subsidized 
multifamily housing; differentiation in mechanism to convey subsidies, 
if any.
    4. How should the current organization of the housing finance 
system be improved? Commentary could address: What aspects should be 
preserved, changed, eliminated or added; regulatory considerations; 
optimal general organizational design and market structure; capital 
market functions; sources of funding; mortgage origination, 
distribution and servicing; the role of the existing government-
sponsored enterprises; and the challenges of transitioning from the 
current system to a desired future system.
    5. How should the housing finance system support sound market 
practices? Commentary could address: Underwriting standards; how best 
to balance risk and access; and extent to which housing finance systems 
that reference certain standards and mortgage products contribute to 
this objective.
    6. What is the best way for the housing finance system to help 
ensure consumers are protected from unfair, abusive or deceptive 
practices? Commentary could address: Level of consumer protections and 
limitation; supervising agencies; specific restrictions; and role of 
consumer education.
    7. Do housing finance systems in other countries offer insights 
that can help inform U.S. reform choices?

    Dated: April 16, 2010.
Alastair Fitzpayne,
Acting Executive Secretary, Department of the Treasury.
James Parrott,
Counselor to the Secretary, Department of Housing and Urban 
Development.
[FR Doc. 2010-9309 Filed 4-21-10; 8:45 am]
BILLING CODE 4810-25-P; 4210-67-P

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