Agency Information Collection Activities; Comment Requested; Renewal Without Change to the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 (“CISADA”) Reporting Requirements Under Section 104(e), 41360-41361 [2014-16624]
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41360
Federal Register / Vol. 79, No. 135 / Tuesday, July 15, 2014 / Notices
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(refund) of the taxes paid. This export
drawback allows the manufacturer to
recover the amount of the tax paid to the
government. This recordkeeping
requirement assists TTB in preventing
diversions to the domestic market of
untaxed distilled spirits, beer, and wine.
This recordkeeping requirement makes
it possible to trace alcohol beverages
using audit techniques, thus enabling
TTB officers to verify the amount of
spirits, beer, and wine eligible for
exportation without payment of tax or
exportation subject to drawback. The
retention requirement for this
information collection is 2 years.
Current Actions: TTB is submitting
this information collection for extension
purposes only. The information
collection, estimated number of
respondents, and estimated total annual
burden hours remain unchanged.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit.
Estimated Number of Respondents:
120.
Estimated Total Annual Burden
Hours: 7,200.
Title: Administrative Remedies—
Closing Agreements.
OMB Number: 1513–0099.
TTB Form or REC Number: None.
Abstract: This is a written agreement
between TTB and regulated taxpayers
used to finalize and resolve certain taxrelated issues. Once an agreement is
approved, it will not be reopened except
upon a showing of fraud or malfeasance,
or misrepresentation of a material fact.
Current Actions: TTB is submitting
this information collection for extension
purposes only. The information
collection, estimated number of
respondents, and estimated total annual
burden hours remain unchanged.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit.
Estimated Number of Respondents:
One (1).
Estimated Total Annual Burden
Hours: One (1).
Dated: July 9, 2014.
Rochelle E. Stern,
Director, Regulations and Rulings Division.
[FR Doc. 2014–16522 Filed 7–14–14; 8:45 am]
BILLING CODE 4810–31–P
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17:46 Jul 14, 2014
Jkt 232001
DEPARTMENT OF THE TREASURY
Financial Crimes Enforcement Network
Agency Information Collection
Activities; Comment Requested;
Renewal Without Change to the
Comprehensive Iran Sanctions,
Accountability, and Divestment Act of
2010 (‘‘CISADA’’) Reporting
Requirements Under Section 104(e)
Financial Crimes Enforcement
Network (‘‘FinCEN’’), U.S. Department
of the Treasury.
ACTION: Notice and request for
comments.
AGENCY:
FinCEN, a bureau of the U.S.
Department of the Treasury
(‘‘Treasury’’), invites all interested
parties to comment on the Bank Secrecy
Act (‘‘BSA’’) regulations implemented
pursuant to section 104(e) of the
Comprehensive Iran Sanctions,
Accountability, and Divestment Act of
2010 (‘‘CISADA’’) and consistent with
its statutory mission under 31 U.S.C.
310. FinCEN is proposing to renew this
information collection without change.
The rule requires a U.S. bank that
maintains a correspondent account for a
foreign bank to inquire of the foreign
bank, and report to FinCEN, certain
information with respect to transactions
or other financial services provided by
that foreign bank. Under the rule, U.S.
banks are required to report this
information to FinCEN upon receiving a
specific written request from FinCEN.
DATES: Written comments should be
received on or before September 15,
2014 to be assured of consideration.
ADDRESSES: Written comments should
be submitted to: Policy Division,
Financial Crimes Enforcement Network,
P.O. Box 39, Vienna, VA 22183.
Attention: PRA Comments—CISADA,
OMB Control Number 1506–0066.
Comments also may be submitted by
electronic mail to the following Internet
address: regcomments@fincen.gov with
the caption in the body of the text,
‘‘Attention: PRA Comments—CISADA,
OMB Control Number 1506–0066.’’
Instructions. It is preferable for
comments to be submitted by electronic
mail. Please submit comments by one
method only. All submissions received
must include the agency name and the
specific OMB control number or
CISADA Reporting Requirements for
this notice.
Inspection of comments. Comments
may be inspected, between 10 a.m. and
4 p.m., in the FinCEN reading room in
Vienna, VA. Persons wishing to inspect
the comments submitted must request
an appointment with the Disclosure
SUMMARY:
PO 00000
Frm 00115
Fmt 4703
Sfmt 4703
Officer by telephoning (703) 905–5034
(not a toll free call).
FOR FURTHER INFORMATION CONTACT: The
FinCEN Resource Center at 800–767–
2825.
SUPPLEMENTARY INFORMATION: The BSA,
Titles I and II of Public Law 91–508, as
amended, codified at 12 U.S.C. 1829(b),
12 U.S.C. 1951–1959, and 31 U.S.C. et
seq., authorizes the Secretary of the
Treasury (‘‘the Secretary’’), inter alia, to
issue regulations requiring records and
reports that are determined to have a
high degree of usefulness in criminal,
tax, and regulatory matters. Title III of
the USA PATRIOT Act of 2001, Pub. L.
107–56, included certain amendments
to the anti-money laundering provisions
of Title II of the BSA, 31 U.S.C. 5311 et
seq., which are intended to aid in the
prevention, detection, and prosecution
of international money laundering and
terrorist financing. Regulations
implementing Title II of the BSA appear
at 31 CFR Chapter X. The authority of
the Secretary of the Treasury to
administer Title II of the BSA has been
delegated to the Director of FinCEN. The
information collected and retained
under the regulation addressed in this
notice assist Federal, state, and local
law enforcement as well as regulatory
authorities in the identification,
investigation, and prosecution of money
laundering and other matters.
Title: CISADA Reporting
Requirements.
OMB Number: 1506–0066.
Current Action: Renewal without
change to the existing regulations.
Type of Review: Extension of
currently approved reporting
requirements.
Affected Public: Banks as defined in
31 CFR 1010.100(d)
Frequency: As required.
Estimated Number of Respondents:
There are approximately 350
respondents. It is estimated that 250 of
these respondents will respond
indicating they maintain no accounts
subject to reporting pursuant to the
CISADA requirements.
Estimated Time per Respondent:
Response by the 250 banks is estimated
to require 30 minutes per response for
a total of 125 hours. It is estimated that
the remaining 100 banks will provide
approximately 900 responses, each
response requiring 3 hours for a total of
2700 hours.
Estimated Total Annual Burden
Hours: 2,825 hours.1
The following paragraph applies to
the recordkeeping requirements
1 Please note that U.S. banks are only required to
report this information to FinCEN upon receiving
a specific written request from FinCEN.
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Federal Register / Vol. 79, No. 135 / Tuesday, July 15, 2014 / Notices
addressed in 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. Records required to be
retained under the BSA must be
retained for five years. Generally,
information collected pursuant to the
BSA is confidential, but may be shared
as provided by law with regulatory and
law enforcement authorities.
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.
Dated: July 8, 2014.
Jennifer Shasky Calvery,
Director, Financial Crimes Enforcement
Network.
[FR Doc. 2014–16624 Filed 7–14–14; 8:45 am]
BILLING CODE 4810–02–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Regulation Project
Internal Revenue Service (IRS),
Treasury.
AGENCY:
Notice and request for
comments.
ACTION:
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
mstockstill on DSK4VPTVN1PROD with NOTICES
SUMMARY:
VerDate Mar<15>2010
17:46 Jul 14, 2014
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suspension or reduction of safe harbor
nonelective contributions.
DATES: Written comments should be
received on or before September 15,
2014 to be assured of consideration.
ADDRESSES: Direct all written comments
to R. Joseph Durbala, Internal Revenue
Service, Room 6129, 1111 Constitution
Avenue NW., Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the regulation should be
directed to Kerry Dennis at Internal
Revenue Service, Room 6129, 1111
Constitution Avenue NW., Washington,
DC 20224, or through the internet at
Kerry.Dennis@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Suspension or Reduction of Safe
Harbor Nonelective Contributions.
OMB Number: 1545–2191
Form Number: TD 9641.
Abstract: The final regulation allows
a 401(k) plan using the safe harbor
provisions of section 401(k)(12) to
suspend or reduce nonelective
safeharbor contributions if the employer
is operating at an economic loss
described in section 412(2)(A). The final
regulations permit an employer to
reduce or suspend safe harbor
nonelective contributions without
regard to the financial condition of the
employer if notice is provided to
participants before the beginning of the
plan year which discloses the
possibility that the contributions might
be reduced or suspended midyear. The
final regulations also permit matching
contributions to be reduced or
suspended under a mid-year
amendment if the notice provided to
participants before the beginning of the
plan year discloses that the
contributions might be reduced or
suspended mid-year. These notices
must also provide that a supplemental
notice will be provided to plan
participants if a reduction or suspension
does occur and that the reduction or
suspension will not apply until at least
30 days after the supplemental notice is
provided.
Current Actions: There is no change
in the paperwork burden previously
approved by OMB.
Type of Review: Extension of a
currently approved collection.
Affected Public: Individuals and
households, businesses and other forprofit organizations.
Estimated Number of Respondents:
5,000.
Estimated Time per Respondent: 2
hours.
Estimated Total Annual Burden
Hours: 10,000.
PO 00000
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41361
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: July 3, 2014.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. 2014–16578 Filed 7–14–14; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 843
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
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
SUMMARY:
E:\FR\FM\15JYN1.SGM
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]]>Agencies
[Federal Register Volume 79, Number 135 (Tuesday, July 15, 2014)]
[Notices]
[Pages 41360-41361]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-16624]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Financial Crimes Enforcement Network
Agency Information Collection Activities; Comment Requested;
Renewal Without Change to the Comprehensive Iran Sanctions,
Accountability, and Divestment Act of 2010 (``CISADA'') Reporting
Requirements Under Section 104(e)
AGENCY: Financial Crimes Enforcement Network (``FinCEN''), U.S.
Department of the Treasury.
ACTION: Notice and request for comments.
-----------------------------------------------------------------------
SUMMARY: FinCEN, a bureau of the U.S. Department of the Treasury
(``Treasury''), invites all interested parties to comment on the Bank
Secrecy Act (``BSA'') regulations implemented pursuant to section
104(e) of the Comprehensive Iran Sanctions, Accountability, and
Divestment Act of 2010 (``CISADA'') and consistent with its statutory
mission under 31 U.S.C. 310. FinCEN is proposing to renew this
information collection without change. The rule requires a U.S. bank
that maintains a correspondent account for a foreign bank to inquire of
the foreign bank, and report to FinCEN, certain information with
respect to transactions or other financial services provided by that
foreign bank. Under the rule, U.S. banks are required to report this
information to FinCEN upon receiving a specific written request from
FinCEN.
DATES: Written comments should be received on or before September 15,
2014 to be assured of consideration.
ADDRESSES: Written comments should be submitted to: Policy Division,
Financial Crimes Enforcement Network, P.O. Box 39, Vienna, VA 22183.
Attention: PRA Comments--CISADA, OMB Control Number 1506-0066. Comments
also may be submitted by electronic mail to the following Internet
address: regcomments@fincen.gov with the caption in the body of the
text, ``Attention: PRA Comments--CISADA, OMB Control Number 1506-
0066.''
Instructions. It is preferable for comments to be submitted by
electronic mail. Please submit comments by one method only. All
submissions received must include the agency name and the specific OMB
control number or CISADA Reporting Requirements for this notice.
Inspection of comments. Comments may be inspected, between 10 a.m.
and 4 p.m., in the FinCEN reading room in Vienna, VA. Persons wishing
to inspect the comments submitted must request an appointment with the
Disclosure Officer by telephoning (703) 905-5034 (not a toll free
call).
FOR FURTHER INFORMATION CONTACT: The FinCEN Resource Center at 800-767-
2825.
SUPPLEMENTARY INFORMATION: The BSA, Titles I and II of Public Law 91-
508, as amended, codified at 12 U.S.C. 1829(b), 12 U.S.C. 1951-1959,
and 31 U.S.C. et seq., authorizes the Secretary of the Treasury (``the
Secretary''), inter alia, to issue regulations requiring records and
reports that are determined to have a high degree of usefulness in
criminal, tax, and regulatory matters. Title III of the USA PATRIOT Act
of 2001, Pub. L. 107-56, included certain amendments to the anti-money
laundering provisions of Title II of the BSA, 31 U.S.C. 5311 et seq.,
which are intended to aid in the prevention, detection, and prosecution
of international money laundering and terrorist financing. Regulations
implementing Title II of the BSA appear at 31 CFR Chapter X. The
authority of the Secretary of the Treasury to administer Title II of
the BSA has been delegated to the Director of FinCEN. The information
collected and retained under the regulation addressed in this notice
assist Federal, state, and local law enforcement as well as regulatory
authorities in the identification, investigation, and prosecution of
money laundering and other matters.
Title: CISADA Reporting Requirements.
OMB Number: 1506-0066.
Current Action: Renewal without change to the existing regulations.
Type of Review: Extension of currently approved reporting
requirements.
Affected Public: Banks as defined in 31 CFR 1010.100(d)
Frequency: As required.
Estimated Number of Respondents: There are approximately 350
respondents. It is estimated that 250 of these respondents will respond
indicating they maintain no accounts subject to reporting pursuant to
the CISADA requirements.
Estimated Time per Respondent: Response by the 250 banks is
estimated to require 30 minutes per response for a total of 125 hours.
It is estimated that the remaining 100 banks will provide approximately
900 responses, each response requiring 3 hours for a total of 2700
hours.
Estimated Total Annual Burden Hours: 2,825 hours.\1\
---------------------------------------------------------------------------
\1\ Please note that U.S. banks are only required to report this
information to FinCEN upon receiving a specific written request from
FinCEN.
---------------------------------------------------------------------------
The following paragraph applies to the recordkeeping requirements
[[Page 41361]]
addressed in 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. Records required to be retained under the BSA must be retained
for five years. Generally, information collected pursuant to the BSA is
confidential, but may be shared as provided by law with regulatory and
law enforcement authorities.
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.
Dated: July 8, 2014.
Jennifer Shasky Calvery,
Director, Financial Crimes Enforcement Network.
[FR Doc. 2014-16624 Filed 7-14-14; 8:45 am]
BILLING CODE 4810-02-P
