Amendment to the Bank Secrecy Act Regulations-Definitions and Other Regulations Relating to Prepaid Access, 41788-41789 [2010-17505]

Download as PDF 41788 Federal Register / Vol. 75, No. 137 / Monday, July 19, 2010 / Proposed Rules mstockstill on DSKH9S0YB1PROD with PROPOSALS temporary regulations under the provisions of the Patient Protection and Affordable Care Act (the Affordable Care Act) regarding preventive health services. The IRS is issuing the temporary regulations at the same time that the Employee Benefits Security Administration of the U.S. Department of Labor and the Office of Consumer Information and Insurance Oversight of the U.S. Department of Health and Human Services are issuing substantially similar interim final regulations with respect to group health plans and health insurance coverage offered in connection with a group health plan under the Employee Retirement Income Security Act of 1974 and the Public Health Service Act. The temporary regulations provide guidance to employers, group health plans, and health insurance issuers providing group health insurance coverage. The text of those temporary regulations also serves as the text of these proposed regulations. DATES: Written or electronic comments and requests for a public hearing must be received by October 18, 2010. ADDRESSES: Send submissions to: CC:PA:LPD:PR (REG–120391–10), Room 5205, Internal Revenue Service, P.O. Box 7604, Ben Franklin Station, Washington, DC 20044. Submissions may be hand-delivered to: CC:PA:LPD:PR (REG–120391–10), Courier’s Desk, Internal Revenue Service, 1111 Constitution Avenue, NW., Washington, DC 20224. Alternatively, taxpayers may submit comments electronically via the Federal eRulemaking Portal at http:// www.regulations.gov (IRS REG–120391– 10). FOR FURTHER INFORMATION CONTACT: Concerning the regulations, Karen Levin at 202–622–6080; concerning submissions of comments, Richard A. Hurst at Richard.A.Hurst@irscounsel.treas.gov. SUPPLEMENTARY INFORMATION: Background and Explanation of Provisions The temporary regulations published elsewhere in this issue of the Federal Register add § 54.9815–2713T to the Miscellaneous Excise Tax Regulations. The proposed and temporary regulations are being published as part of a joint rulemaking with the Department of Labor and the Department of Health and Human Services (the joint rulemaking). The text of those temporary regulations also serves as the text of these proposed regulations. The preamble to the temporary regulations explains the VerDate Mar<15>2010 17:28 Jul 16, 2010 Jkt 220001 temporary regulations and these proposed regulations. Special Analyses It has been determined that this notice of proposed rulemaking is not a significant regulatory action as defined in Executive Order 12866. Therefore, a regulatory assessment is not required. It has also been determined that section 553(b) of the Administrative Procedure Act (5 U.S.C. chapter 5) does not apply to these regulations, and because the regulation does not impose a collection of information requirement on small entities, the Regulatory Flexibility Act (5 U.S.C. chapter 6) does not apply. Pursuant to section 7805(f) of the Internal Revenue Code, this regulation has been submitted to the Chief Counsel for Advocacy of the Small Business Administration for comment on its impact on small business. PART 54—PENSION EXCISE TAXES Paragraph 1. The authority citation for part 54 is amended by adding an entry in numerical order to read in part as follows: Authority: 26 U.S.C. 7805 * * * Section 54.9815–2713 also issued under 26 U.S.C. 9833. * * * Par. 2. Section 54.9815–2713 is added to read as follows: § 54.9815–2713 Coverage of preventive health services. [The text of proposed § 54.9815–2713 is the same as the text of paragraphs (a) through (c) of § 54.9815–2713T published elsewhere in this issue of the Federal Register]. Steven Miller Deputy Commissioner for Services and Enforcement. [FR Doc. 2010–17243 Filed 7–14–10; 11:15 am] BILLING CODE 4830–01–P Comments and Requests for a Public Hearing Before these proposed regulations are adopted as final regulations, consideration will be given to any written comments (a signed original and eight (8) copies) or electronic comments that are submitted timely to the IRS. Comments are specifically requested on the clarity of the proposed regulations and how they may be made easier to understand. All comments will be available for public inspection and copying. A public hearing may be scheduled if requested in writing by a person that timely submits written comments. If a public hearing is scheduled, notice of the date, time, and place for the hearing will be published in the Federal Register. Drafting Information The principal author of these proposed regulations is Karen Levin, Office of the Division Counsel/Associate Chief Counsel (Tax Exempt and Government Entities), IRS. The proposed regulations, as well as the temporary regulations, have been developed in coordination with personnel from the U.S. Department of Labor and the U.S. Department of Health and Human Services. List of Subjects in 26 CFR Part 54 Excise taxes, Health care, Health insurance, Pensions, Reporting and recordkeeping requirements. Proposed Amendments to the Regulations Accordingly, 26 CFR part 54 is proposed to be amended as follows: PO 00000 Frm 00017 Fmt 4702 Sfmt 4702 DEPARTMENT OF THE TREASURY Financial Crimes Enforcement Network 31 CFR Part 103 RIN 1506–AB07 Amendment to the Bank Secrecy Act Regulations—Definitions and Other Regulations Relating to Prepaid Access AGENCY: Financial Crimes Enforcement Network (‘‘FinCEN’’), Treasury. ACTION: Notice of proposed rulemaking; extension of comment period. SUMMARY: FinCEN is extending the comment period for the referenced notice of proposed rulemaking, published June 28, 2010, for an additional thirty (30) days. The original comment period would have expired on July 28, 2010. The new extended comment period will expire on August 27, 2010. DATES: The comment period for the proposed rule published June 28, 2010, at 75 FR 36589 is extended. Comments must be submitted on or before August 27, 2010. ADDRESSES: You may submit comments, identified by RIN 1506–AB07, by any of the following methods: • Federal E–Rulemaking Portal: http://www.regulations.gov. Follow the instructions for submitting comments. Refer to Docket number TREAS– FinCEN–2009–0007. • Mail: FinCEN, P.O. Box 39, Vienna, VA 22183. Include RIN 1506–AB07 in the body of the text. E:\FR\FM\19JYP1.SGM 19JYP1 Federal Register / Vol. 75, No. 137 / Monday, July 19, 2010 / Proposed Rules Inspection of Comments: Public comments received electronically or through the U.S. Postal Service sent in response to a ‘‘Notice and Request for Comment’’ will be made available for public review as soon as possible on http://www.regulations.gov. Comments received may be physically inspected in the FinCEN reading room located in Vienna, Virginia. Reading room appointments are available weekdays (excluding holidays) between 10 a.m. and 3 p.m., by calling the Disclosure Officer at (703) 905–5034 (not a toll free call). FOR FURTHER INFORMATION CONTACT: Regulatory Policy and Programs Division, FinCEN on (800) 949–2732 and select option 1. FinCEN issued a notice of proposed rulemaking (75 FR 36589) on June 28, 2010 proposing to revise the Bank Secrecy Act (‘‘BSA’’) regulations applicable to Money Services Businesses with regard to stored value or prepaid access. More specifically, the proposed changes include the following: renaming ‘‘stored value’’ as ‘‘prepaid access’’ and defining that term; deleting the terms ‘‘issuer and redeemer’’ of stored value; imposing suspicious activity reporting, customer information and transaction information recordkeeping requirements on both providers and sellers of prepaid access and, additionally, imposing a registration requirement on providers only; and exempting certain categories of prepaid access products and services posing lower risks of money laundering and terrorist financing from certain requirements. We have received a number of comments to date, including a request to extend the deadline for comments in order to allow interested parties more time in which to comment on the proposals in the notice. In light of the fact that an extension of time will not impede any imminent rulemaking and will allow additional interested parties to respond to the issues raised in the advance notice, we have determined that it is appropriate to extend the comment period until August 27, 2010. mstockstill on DSKH9S0YB1PROD with PROPOSALS SUPPLEMENTARY INFORMATION: Dated: July 13, 2010. Charles M. Steele, Deputy Director, Financial Crimes Enforcement Network. [FR Doc. 2010–17505 Filed 7–16–10; 8:45 am] BILLING CODE 4810–02–P VerDate Mar<15>2010 17:28 Jul 16, 2010 Jkt 220001 DEPARTMENT OF HOMELAND SECURITY Coast Guard 33 CFR Part 100 [Docket No. USCG–2010–0383] RIN 1625–AA08 Special Local Regulations for Marine Events; Patuxent River, Solomons, MD Coast Guard, DHS. Supplemental notice of proposed rulemaking. AGENCY: ACTION: SUMMARY: This action is a supplemental notice of proposed rulemaking (SNPRM) to the Coast Guard’s June 10, 2010, notice of proposed rulemaking (NPRM) that proposed special local regulations for the ‘‘Chesapeake Challenge’’ power boat races, a marine event to be held on the waters of the Patuxent River, near Solomons, MD on October 1, 2010. This supplemental proposal adds an additional date to the ‘‘Chesapeake Challenge’’ power boat racing on October 3, 2010. These special local regulations are necessary to provide for the safety of life on navigable waters during the event. This action is intended to temporarily restrict vessel traffic in a portion of the Patuxent River during the event. DATES: Comments and related material must either be submitted on or before August 18, 2010 or reach the Docket Management Facility by that date. ADDRESSES: You may submit comments identified by docket number USCG– 2010–0383 using any one of the following methods: (1) Federal eRulemaking Portal: http://www.regulations.gov. (2) Fax: 202–493–2251. (3) Mail: Docket Management Facility (M–30), U.S. Department of Transportation, West Building Ground Floor, Room W12–140, 1200 New Jersey Avenue, SE., Washington, DC 20590– 0001. (4) Hand delivery: Same as mail address above, between 9 a.m. and 5 p.m., Monday through Friday, except Federal holidays. The telephone number is 202–366–9329. To avoid duplication, please use only one of these four methods. See the ‘‘Public Participation and Request for Comments’’ portion of the SUPPLEMENTARY INFORMATION section below for instructions on submitting comments. FOR FURTHER INFORMATION CONTACT: If you have questions on this notice, call or e-mail Mr. Ronald Houck, U.S. Coast PO 00000 Frm 00018 Fmt 4702 Sfmt 4702 41789 Guard Sector Baltimore, MD; telephone 410–576–2674, e-mail Ronald.L.Houck@uscg.mil. If you have questions on viewing or submitting material to the docket, call Renee V. Wright, Program Manager, Docket Operations, telephone 202–366–9826. SUPPLEMENTARY INFORMATION: Public Participation and Request for Comments We encourage you to respond to this notice by submitting comments and related materials. All comments received will be posted without change to http://www.regulations.gov and will include any personal information you have provided. Submitting Comments If you submit a comment, please include the docket number for this notice (USCG–2010–0383), indicate the specific section of this document to which each comment applies, and provide a reason for each suggestion or recommendation. You may submit your comments and material online (via http://www.regulations.gov) or by fax, mail, or hand delivery, but please use only one of these means. If you submit a comment online via http:// www.regulations.gov, it will be considered received by the Coast Guard when you successfully transmit the comment. If you fax, hand deliver, or mail your comment, it will be considered as having been received by the Coast Guard when it is received at the Docket Management Facility. We recommend that you include your name and a mailing address, an e-mail address, or a telephone number in the body of your document so that we can contact you if we have questions regarding your submission. To submit your comment online, go to http://www.regulations.gov, inserting USCG–2010–0383 in the ‘‘Keyword’’ box, and then clicking ‘‘Search.’’ If you submit your comments by mail or hand delivery, submit them in an unbound format, no larger than 81⁄2 by 11 inches, suitable for copying and electronic filing. If you submit comments by mail and would like to know that they reached the Facility, please enclose a stamped, self-addressed postcard or envelope. We will consider all comments and material received during the comment period. Viewing Comments and Documents To view comments, as well as documents mentioned in this preamble as being available in the docket, go to http://www.regulations.gov, inserting USCG–2010–0383 in the ‘‘Keyword’’ box, and then clicking ‘‘Search.’’ You E:\FR\FM\19JYP1.SGM 19JYP1

Agencies

[Federal Register Volume 75, Number 137 (Monday, July 19, 2010)]
[Proposed Rules]
[Pages 41788-41789]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-17505]


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DEPARTMENT OF THE TREASURY

Financial Crimes Enforcement Network

31 CFR Part 103

RIN 1506-AB07


Amendment to the Bank Secrecy Act Regulations--Definitions and 
Other Regulations Relating to Prepaid Access

AGENCY: Financial Crimes Enforcement Network (``FinCEN''), Treasury.

ACTION: Notice of proposed rulemaking; extension of comment period.

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

SUMMARY: FinCEN is extending the comment period for the referenced 
notice of proposed rulemaking, published June 28, 2010, for an 
additional thirty (30) days. The original comment period would have 
expired on July 28, 2010. The new extended comment period will expire 
on August 27, 2010.

DATES: The comment period for the proposed rule published June 28, 
2010, at 75 FR 36589 is extended. Comments must be submitted on or 
before August 27, 2010.

ADDRESSES: You may submit comments, identified by RIN 1506-AB07, by any 
of the following methods:
     Federal E-Rulemaking Portal: http://www.regulations.gov. 
Follow the instructions for submitting comments. Refer to Docket number 
TREAS-FinCEN-2009-0007.
     Mail: FinCEN, P.O. Box 39, Vienna, VA 22183. Include RIN 
1506-AB07 in the body of the text.

[[Page 41789]]

    Inspection of Comments: Public comments received electronically or 
through the U.S. Postal Service sent in response to a ``Notice and 
Request for Comment'' will be made available for public review as soon 
as possible on http://www.regulations.gov. Comments received may be 
physically inspected in the FinCEN reading room located in Vienna, 
Virginia. Reading room appointments are available weekdays (excluding 
holidays) between 10 a.m. and 3 p.m., by calling the Disclosure Officer 
at (703) 905-5034 (not a toll free call).

FOR FURTHER INFORMATION CONTACT: Regulatory Policy and Programs 
Division, FinCEN on (800) 949-2732 and select option 1.

SUPPLEMENTARY INFORMATION: FinCEN issued a notice of proposed 
rulemaking (75 FR 36589) on June 28, 2010 proposing to revise the Bank 
Secrecy Act (``BSA'') regulations applicable to Money Services 
Businesses with regard to stored value or prepaid access. More 
specifically, the proposed changes include the following: renaming 
``stored value'' as ``prepaid access'' and defining that term; deleting 
the terms ``issuer and redeemer'' of stored value; imposing suspicious 
activity reporting, customer information and transaction information 
recordkeeping requirements on both providers and sellers of prepaid 
access and, additionally, imposing a registration requirement on 
providers only; and exempting certain categories of prepaid access 
products and services posing lower risks of money laundering and 
terrorist financing from certain requirements.
    We have received a number of comments to date, including a request 
to extend the deadline for comments in order to allow interested 
parties more time in which to comment on the proposals in the notice.
    In light of the fact that an extension of time will not impede any 
imminent rulemaking and will allow additional interested parties to 
respond to the issues raised in the advance notice, we have determined 
that it is appropriate to extend the comment period until August 27, 
2010.

    Dated: July 13, 2010.
Charles M. Steele,
Deputy Director, Financial Crimes Enforcement Network.
[FR Doc. 2010-17505 Filed 7-16-10; 8:45 am]
BILLING CODE 4810-02-P