Federal Management Regulation; Motor Vehicle Management, 31545-31546 [2011-13215]
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sroberts on DSK5SPTVN1PROD with PROPOSALS
Federal Register / Vol. 76, No. 105 / Wednesday, June 1, 2011 / Proposed Rules
covered service providers to furnish
information requested by a responsible
plan fiduciary or plan administrator in
order to comply with ERISA’s reporting
and disclosure requirements,3 which
would include relevant information
required to comply with the participantlevel disclosure regulation. It would
facilitate compliance with the
participant-level disclosure regulation,
they argue, if contracts and
arrangements were brought into
compliance with the 408(b)(2)
regulation, so that this reporting and
disclosure provision is in effect, prior to
the applicability of the participant-level
disclosure regulation.
The Department agrees that aligning
the application of these two regulations
would assist plan fiduciaries and plan
administrators in obtaining information
required to comply with the participantlevel disclosure regulation. Further, the
Department believes that, similar to the
408(b)(2) regulation, a limited extension
is in the best interests of covered
individual account plans and their
participants and beneficiaries. Delayed
application will better afford plans
sufficient time to ensure an efficient and
effective implementation of the
participant-level disclosure regulation.
To accomplish this end, the Department
does not believe it is necessary to
extend the regulation’s effective date or
its general application to plan years
beginning on or after November 1, 2011.
However, the Department proposes to
extend the transition rule in paragraph
(j)(3)(i), which specifies the date by
which initial disclosures must actually
be provided. Under this proposal, a plan
would have 120 days (rather than 60)
after its applicability date to furnish the
initial disclosures that are otherwise
required to be furnished before the date
on which a participant or beneficiary
can first direct his or her investments.
Thus, a calendar year plan would have
to furnish the initial disclosures no later
than April 30, 2012, and the disclosures
required by paragraphs (c)(2)(ii) and
(c)(3)(ii) (e.g., quarterly statement of
fees/expenses actually deducted) would
have to be furnished no later than May
15, 2012. Under the proposed transition
rule, the initial disclosures must be
provided to all participants and
beneficiaries who have the right to
direct their investments when such
disclosures are furnished, not just to
those individuals who had the right to
direct their investments on the
applicability date. This is to ensure that
individuals who become plan
participants in between the applicability
date and the end of the 120-day period
3 29
CFR 2550.408b–2(c)(1)(vi).
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19:26 May 31, 2011
Jkt 223001
receive the important information
required under the regulation. To the
extent the plan also has contracts or
arrangements with covered service
providers, as defined by the 408(b)(2)
regulation, those contracts or
arrangements must be in compliance
with the 408(b)(2) regulation as of
January 1, 2012, in advance of the
required initial disclosures under the
participant-level disclosure regulation.
The Department has not been
persuaded to extend the application of
the participant-level disclosure
regulation, or the 408(b)(2) regulation,
beyond these dates. Although the
Department believes it is appropriate to
provide some relief to help ensure a
timely, efficient, and coordinated
implementation of the two rules, the
Department also believes that it is
critical for responsible plan fiduciaries,
plan administrators, and plan
participants and beneficiaries to benefit
from the increased transparency
provided by the rules as soon as
possible.
At this time, the Department solicits
comments on this proposal to formally
extend the effective date of the 408(b)(2)
regulation and the transitional rule for
application of the participant-level
disclosure regulation.
List of Subjects in 29 CFR Part 2550
Employee benefit plans, Exemptions,
Fiduciaries, Investments, Pensions,
Prohibited transactions, Real estate,
Securities, Surety bonds, Trusts and
Trustees.
31545
§ 2550.404a–5 Fiduciary requirements for
disclosure in participant-directed individual
account plans.
*
*
*
*
*
(j) * * *
(3) Transitional rules.
(i) Notwithstanding paragraphs (b), (c)
and (d) of this section, the initial
disclosures required on or before the
date on which a participant or
beneficiary can first direct his or her
investments must be furnished no later
than 120 days after such applicability
date.
*
*
*
*
*
3. Section 2550.408b–2 is amended,
in paragraph (c)(1)(xii), by removing the
date ‘‘July 16, 2011’’ and adding in its
place ‘‘January 1, 2012’’.
Signed at Washington, DC, this 26th day of
May, 2011.
Phyllis C. Borzi,
Assistant Secretary, Employee Benefits
Security Administration, Department of
Labor.
[FR Doc. 2011–13516 Filed 5–31–11; 8:45 am]
BILLING CODE 4510–29–P
GENERAL SERVICES
ADMINISTRATION
41 CFR Part 102–34
[FMR Case 2011–102–2; Docket 2011–0011;
Sequence 1]
RIN 3090–AJ14
Federal Management Regulation;
Motor Vehicle Management
Office of Governmentwide
Policy, General Services Administration
(GSA).
ACTION: Proposed rule.
For the reasons set forth in the
preamble, the Department of Labor
proposes to amend 29 CFR part 2550 as
follows:
AGENCY:
PART 2550—RULES AND
REGULATIONS FOR FIDUCIARY
RESPONSIBILITY
SUMMARY:
1. The authority citation for part 2550
continues to read as follows:
Authority: 29 U.S.C. 1135, sec. 102,
Reorganization Plan No. 4 of 1978, 5 U.S.C.
App. 1 and Secretary of Labor’s Order No. 6–
2009, 74 FR 21524 (May 7, 2009). Sec.
2550.401c–1 also issued under 29 U.S.C.
1101. Sec. 2550.404a–2 also issued under
sec. 657, Pub. L. 107–16, 115 Stat. 38.
Sections 2550.404c–1 and 2550.404c–5 also
issued under 29 U.S.C. 1104. Sec. 2550.408b–
1 also issued under 29 U.S.C. 1108(b)(1). Sec.
2550.408b–19 also issued under sec. 611,
Pub. L. 109–280, 120 Stat. 780, 972. Sec.
2550.412–1 also issued under 29 U.S.C. 1112.
2. Section 2550.404a–5 is amended by
revising paragraph (j)(3)(i) to read as
follows:
PO 00000
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Fmt 4702
Sfmt 4702
The General Services
Administration is proposing to amend
the Federal Management Regulation
(FMR) by revising current policy on the
definitions relating to the rental versus
the lease of motor vehicles. The
proposed rule would increase the less
than 60 continuous day rental
timeframe to less than 120 continuous
days and adjust the definition of the
term ‘‘commercial lease or lease
commercially’’ accordingly to allow for
the instances when agencies have a
valid temporary mission requirement for
a motor vehicle of 60 continuous days
or more in duration but of significantly
fewer days in duration than is typically
available under commercial leases,
which commonly require a minimum
lease period of one year.
DATES: Interested parties should submit
comments in writing on or before
E:\FR\FM\01JNP1.SGM
01JNP1
31546
Federal Register / Vol. 76, No. 105 / Wednesday, June 1, 2011 / Proposed Rules
August 1, 2011 to be considered in the
formulation of a final rule.
ADDRESSES: Submit comments
identified by FMR Case 2011–102–2 by
any of the following methods:
• Regulations.gov: https://
www.regulations.gov. Submit comments
via the Federal eRulemaking portal by
inputting ‘‘FMR Case 2011–102–2’’
under the heading ‘‘Enter Keyword or
ID’’ and selecting ‘‘Search.’’ Select the
link ‘‘Submit a Comment’’ that
corresponds with ‘‘FMR Case 2011–102–
2.’’ Follow the instructions provided at
the ‘‘Submit a Comment’’ screen. Please
include your name, company name (if
any), and ‘‘FMR Case 2011–102–2’’ on
your attached document.
• Fax: 202–501–4067.
• Mail: General Services
Administration, Regulatory Secretariat
(MVCB), 1275 First Street, NE., Rm.
783E, ATTN: Hada Flowers,
Washington, DC 20417.
Instructions: Please submit comments
only and cite FMR Case 2011–102–2, in
all correspondence related to this case.
All comments received will be posted
without change to https://
www.regulations.gov, including any
personal and/or business confidential
information provided.
FOR FURTHER INFORMATION CONTACT: For
clarification of content, contact Mr.
James Vogelsinger at (202) 501–1764 or
e-mail at james.vogelsinger@gsa.gov. For
information pertaining to status or
publication schedules, contact the
Regulatory Secretariat at (202) 501–
4755. Please cite FMR Case 2011–102–
2.
SUPPLEMENTARY INFORMATION:
sroberts on DSK5SPTVN1PROD with PROPOSALS
A. Background
Currently, as provided in 41 CFR 102–
34.35, a motor vehicle rental is limited
to less than 60 continuous days. If an
agency obtains a motor vehicle for 60
continuous days or more, then it is a
commercial lease under current
regulations. Agencies, however, often
have a valid temporary mission
requirement for a motor vehicle of 60
continuous days or more in duration but
of significantly fewer days in duration
than is typically available under
commercial leases, which commonly
require a minimum lease period of one
year. Also, some agencies have
requirements from time to time for
additional vehicles for relatively short
periods of time. As a result, agencies are
turning to short-term rentals to meet
these motor vehicle needs but have
encountered impediments when those
needs meet or exceed 60 continuous
days but are less than a year (for which
commercial leases are commonly
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19:26 May 31, 2011
Jkt 223001
available). In order to address these
issues, GSA is proposing to amend
section 102–34.35 of the FMR (41 CFR
102–34.35) to redefine the term ‘‘motor
vehicle rental’’ to increase the less than
60 continuous day rental timeframe to
less than 120 continuous days and
adjust the definition of the term
‘‘commercial lease or lease
commercially’’ accordingly. GSA is
cognizant of the impact of such a
proposed policy change on motor
vehicle identification in that the
identification requirements attach to
Government motor vehicles only, a term
that does not encompass motor vehicle
rentals.
This proposed regulatory amendment
would provide greater flexibility to
Federal agencies in meeting their motor
vehicle needs.
B. Executive Order 12866 and Executive
Order 13563
Executive Orders 12866 and 13563
direct agencies to assess all costs and
benefits of available regulatory
alternatives and, if regulation is
necessary, to select regulatory
approaches that maximize net benefits
(including potential economic,
environmental, public health and safety
effects, distributive impacts, and
equity). Executive Order 13563
emphasizes the importance of
quantifying both costs and benefits, of
reducing costs, of harmonizing rules,
and of promoting flexibility. This is not
a significant regulatory action and,
therefore, was not subject to review
under Section 6(b) of Executive Order
12866, Regulatory Planning and Review,
dated September 30, 1993. This rule is
not a major rule under 5 U.S.C. 804.
C. Regulatory Flexibility Act
This proposed rule would not have a
significant economic impact on a
substantial number of small entities
within the meaning of the Regulatory
Flexibility Act, 5 U.S.C. 601, et seq. This
proposed rule is also exempt from the
Regulatory Flexibility Act per 5 U.S.C.
553(a)(2) because it applies to agency
management. However, this proposed
rule is being published to provide
transparency in the promulgation of
Federal policies.
D. Paperwork Reduction Act
The Paperwork Reduction Act does
not apply because the proposed changes
to the FMR do not impose information
collection requirements that require the
approval of the Office of Management
and Budget under 44 U.S.C. 3501, et
seq.
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Frm 00052
Fmt 4702
Sfmt 4702
E. Small Business Regulatory
Enforcement Fairness Act
This proposed rule is exempt from
Congressional review under 5 U.S.C.
801 since it relates solely to agency
management and personnel.
List of Subjects in 41 CFR Part 102–34
Energy conservation, Government
property management, Motor Vehicle
Management, Reporting and
recordkeeping requirements.
Dated: March 14, 2011.
Kathleen M. Turco,
Associate Administrator.
For the reasons set forth in the
preamble, GSA proposes to amend 41
CFR part 102–34 as set forth below:
PART 102–34—MOTOR VEHICLE
MANAGEMENT
1. The authority citation for 41 CFR
part 102–34 continues to read as
follows:
Authority: 40 U.S.C. 121(c); 40 U.S.C.
17503; 31 U.S.C. 1344; 49 U.S.C. 32917; E.O.
12375.
2. In § 102–34.35, revise the
definitions of the terms ‘‘Commercial
lease or lease commercially’’ and ‘‘Motor
vehicle rental’’ to read as follows:
§ 102–34.35
part?
What definitions apply to this
*
*
*
*
*
Commercial lease or lease
commercially means obtaining a motor
vehicle by contract or other arrangement
from a commercial source for 120
continuous days or more. (Procedures
for purchasing and leasing motor
vehicles through GSA can be found in
41 CFR subpart 101–26.5).
*
*
*
*
*
Motor vehicle rental means obtaining
a motor vehicle by contract or other
arrangement from a commercial source
for less than 120 continuous days.
*
*
*
*
*
[FR Doc. 2011–13215 Filed 5–31–11; 8:45 am]
BILLING CODE 6820–14–P
DEPARTMENT OF HEALTH AND
HUMAN SERVICES
42 CFR Part 5
Negotiated Rulemaking Committee on
Designation of Medically Underserved
Populations and Health Professional
Shortage Areas; Notice of Meeting
Health Resources and Services
Administration, HHS.
ACTION: Negotiated Rulemaking
Committee meeting.
AGENCY:
E:\FR\FM\01JNP1.SGM
01JNP1
Agencies
[Federal Register Volume 76, Number 105 (Wednesday, June 1, 2011)]
[Proposed Rules]
[Pages 31545-31546]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-13215]
=======================================================================
-----------------------------------------------------------------------
GENERAL SERVICES ADMINISTRATION
41 CFR Part 102-34
[FMR Case 2011-102-2; Docket 2011-0011; Sequence 1]
RIN 3090-AJ14
Federal Management Regulation; Motor Vehicle Management
AGENCY: Office of Governmentwide Policy, General Services
Administration (GSA).
ACTION: Proposed rule.
-----------------------------------------------------------------------
SUMMARY: The General Services Administration is proposing to amend the
Federal Management Regulation (FMR) by revising current policy on the
definitions relating to the rental versus the lease of motor vehicles.
The proposed rule would increase the less than 60 continuous day rental
timeframe to less than 120 continuous days and adjust the definition of
the term ``commercial lease or lease commercially'' accordingly to
allow for the instances when agencies have a valid temporary mission
requirement for a motor vehicle of 60 continuous days or more in
duration but of significantly fewer days in duration than is typically
available under commercial leases, which commonly require a minimum
lease period of one year.
DATES: Interested parties should submit comments in writing on or
before
[[Page 31546]]
August 1, 2011 to be considered in the formulation of a final rule.
ADDRESSES: Submit comments identified by FMR Case 2011-102-2 by any of
the following methods:
Regulations.gov: https://www.regulations.gov. Submit
comments via the Federal eRulemaking portal by inputting ``FMR Case
2011-102-2'' under the heading ``Enter Keyword or ID'' and selecting
``Search.'' Select the link ``Submit a Comment'' that corresponds with
``FMR Case 2011-102-2.'' Follow the instructions provided at the
``Submit a Comment'' screen. Please include your name, company name (if
any), and ``FMR Case 2011-102-2'' on your attached document.
Fax: 202-501-4067.
Mail: General Services Administration, Regulatory
Secretariat (MVCB), 1275 First Street, NE., Rm. 783E, ATTN: Hada
Flowers, Washington, DC 20417.
Instructions: Please submit comments only and cite FMR Case 2011-
102-2, in all correspondence related to this case. All comments
received will be posted without change to https://www.regulations.gov,
including any personal and/or business confidential information
provided.
FOR FURTHER INFORMATION CONTACT: For clarification of content, contact
Mr. James Vogelsinger at (202) 501-1764 or e-mail at
james.vogelsinger@gsa.gov. For information pertaining to status or
publication schedules, contact the Regulatory Secretariat at (202) 501-
4755. Please cite FMR Case 2011-102-2.
SUPPLEMENTARY INFORMATION:
A. Background
Currently, as provided in 41 CFR 102-34.35, a motor vehicle rental
is limited to less than 60 continuous days. If an agency obtains a
motor vehicle for 60 continuous days or more, then it is a commercial
lease under current regulations. Agencies, however, often have a valid
temporary mission requirement for a motor vehicle of 60 continuous days
or more in duration but of significantly fewer days in duration than is
typically available under commercial leases, which commonly require a
minimum lease period of one year. Also, some agencies have requirements
from time to time for additional vehicles for relatively short periods
of time. As a result, agencies are turning to short-term rentals to
meet these motor vehicle needs but have encountered impediments when
those needs meet or exceed 60 continuous days but are less than a year
(for which commercial leases are commonly available). In order to
address these issues, GSA is proposing to amend section 102-34.35 of
the FMR (41 CFR 102-34.35) to redefine the term ``motor vehicle
rental'' to increase the less than 60 continuous day rental timeframe
to less than 120 continuous days and adjust the definition of the term
``commercial lease or lease commercially'' accordingly. GSA is
cognizant of the impact of such a proposed policy change on motor
vehicle identification in that the identification requirements attach
to Government motor vehicles only, a term that does not encompass motor
vehicle rentals.
This proposed regulatory amendment would provide greater
flexibility to Federal agencies in meeting their motor vehicle needs.
B. Executive Order 12866 and Executive Order 13563
Executive Orders 12866 and 13563 direct agencies to assess all
costs and benefits of available regulatory alternatives and, if
regulation is necessary, to select regulatory approaches that maximize
net benefits (including potential economic, environmental, public
health and safety effects, distributive impacts, and equity). Executive
Order 13563 emphasizes the importance of quantifying both costs and
benefits, of reducing costs, of harmonizing rules, and of promoting
flexibility. This is not a significant regulatory action and,
therefore, was not subject to review under Section 6(b) of Executive
Order 12866, Regulatory Planning and Review, dated September 30, 1993.
This rule is not a major rule under 5 U.S.C. 804.
C. Regulatory Flexibility Act
This proposed rule would not have a significant economic impact on
a substantial number of small entities within the meaning of the
Regulatory Flexibility Act, 5 U.S.C. 601, et seq. This proposed rule is
also exempt from the Regulatory Flexibility Act per 5 U.S.C. 553(a)(2)
because it applies to agency management. However, this proposed rule is
being published to provide transparency in the promulgation of Federal
policies.
D. Paperwork Reduction Act
The Paperwork Reduction Act does not apply because the proposed
changes to the FMR do not impose information collection requirements
that require the approval of the Office of Management and Budget under
44 U.S.C. 3501, et seq.
E. Small Business Regulatory Enforcement Fairness Act
This proposed rule is exempt from Congressional review under 5
U.S.C. 801 since it relates solely to agency management and personnel.
List of Subjects in 41 CFR Part 102-34
Energy conservation, Government property management, Motor Vehicle
Management, Reporting and recordkeeping requirements.
Dated: March 14, 2011.
Kathleen M. Turco,
Associate Administrator.
For the reasons set forth in the preamble, GSA proposes to amend 41
CFR part 102-34 as set forth below:
PART 102-34--MOTOR VEHICLE MANAGEMENT
1. The authority citation for 41 CFR part 102-34 continues to read
as follows:
Authority: 40 U.S.C. 121(c); 40 U.S.C. 17503; 31 U.S.C. 1344;
49 U.S.C. 32917; E.O. 12375.
2. In Sec. 102-34.35, revise the definitions of the terms
``Commercial lease or lease commercially'' and ``Motor vehicle rental''
to read as follows:
Sec. 102-34.35 What definitions apply to this part?
* * * * *
Commercial lease or lease commercially means obtaining a motor
vehicle by contract or other arrangement from a commercial source for
120 continuous days or more. (Procedures for purchasing and leasing
motor vehicles through GSA can be found in 41 CFR subpart 101-26.5).
* * * * *
Motor vehicle rental means obtaining a motor vehicle by contract or
other arrangement from a commercial source for less than 120 continuous
days.
* * * * *
[FR Doc. 2011-13215 Filed 5-31-11; 8:45 am]
BILLING CODE 6820-14-P