Orders of Compliance, Cease and Desist Orders, Order of Denial, and Other Orders, 61761 [2014-24566]

Download as PDF 61761 Rules and Regulations Federal Register Vol. 79, No. 199 Wednesday, October 15, 2014 This section of the FEDERAL REGISTER contains regulatory documents having general applicability and legal effect, most of which are keyed to and codified in the Code of Federal Regulations, which is published under 50 titles pursuant to 44 U.S.C. 1510. The Code of Federal Regulations is sold by the Superintendent of Documents. Prices of new books are listed in the first FEDERAL REGISTER issue of each week. DEPARTMENT OF TRANSPORTATION Federal Aviation Administration 14 CFR Part 13 [Docket No.: FAA–2014–0505; Amdt. No. 13–36 A] RIN 2120–AK43 Orders of Compliance, Cease and Desist Orders, Order of Denial, and Other Orders Federal Aviation Administration (FAA), DOT. ACTION: Final rule; confirmation of effective date; disposition of comments. AGENCY: On August 12, 2014, the FAA published an immediate final rule (79 FR 46964) entitled ‘‘Orders of Compliance, Cease and Desist Orders, Orders of Denial, and Other Orders.’’ This action confirms the effective date of the immediate final rule and responds to the comments received on that immediate final rule. DATES: The immediate final rule published August 12, 2014 (79 FR 46964) will become effective on October 14, 2014. ADDRESSES: You may review the public docket for this rulemaking (Docket No. FAA–2014–0505) at the Docket Management Facility in Room W12–140 of the West Building Ground Floor at 1200 New Jersey Avenue SE., Washington, DC 20590–0001 between 9 a.m. and 5 p.m., Monday through Friday, except Federal holidays. You may also review the public docket on the Internet at https:// www.regulations.gov. wreier-aviles on DSK5TPTVN1PROD with RULES SUMMARY: For technical or legal questions concerning this action, contact Edmund Averman, Office of the Chief Counsel (AGC–210), Federal Aviation Administration, 800 Independence Avenue SW., FOR FURTHER INFORMATION CONTACT: VerDate Sep<11>2014 15:21 Oct 14, 2014 Jkt 235001 Washington, DC 20591; telephone (202) 267–3147; email Ed.Averman@faa.gov. SUPPLEMENTARY INFORMATION: Background On August 12, 2014, the FAA published an immediate final rule entitled ‘‘Orders of Compliance, Cease and Desist Orders, Orders of Denial, and Other Orders’’ (79 FR 46964). That rulemaking provides the opportunity for an informal conference with an FAA attorney before an order is issued under 14 CFR 13.20, the FAA’s regulation covering orders other than certificate action and civil penalty orders. The change is necessary to provide additional fairness and process to those persons who are subject to such an order, and is consistent with the process available in other enforcement actions. These conferences may result in either a resolution of the matter or a narrowing of the issues, thereby conserving resources for respondents and the FAA. Discussion of Comments The FAA received one comment on the immediate final rule. The National Business Aviation Association (NBAA) welcomed the FAA’s amendment to § 13.20. The NBAA recognized this change provides additional fairness to those subject to an order. The NBAA acknowledged this rule as a positive change for the industry. Conclusion After consideration of the comments submitted in response to the immediate final rule, the FAA has determined that no revisions to the rule are warranted based on the comments received. Issued under authority provided by 49 U.S.C. 106(f), 44701(a), and 44707 in Washington, DC, on October 9, 2014. Lirio Liu, Director, Office of Rulemaking. [FR Doc. 2014–24566 Filed 10–14–14; 8:45 am] BILLING CODE 4910–13–P PENSION BENEFIT GUARANTY CORPORATION 29 CFR Part 4022 Benefits Payable in Terminated SingleEmployer Plans; Interest Assumptions for Paying Benefits Pension Benefit Guaranty Corporation. AGENCY: PO 00000 Frm 00001 Fmt 4700 Sfmt 4700 ACTION: Final rule. This final rule amends the Pension Benefit Guaranty Corporation’s regulation on Benefits Payable in Terminated Single-Employer Plans to prescribe interest assumptions under the regulation for valuation dates in November 2014. The interest assumptions are used for paying benefits under terminating singleemployer plans covered by the pension insurance system administered by PBGC. DATES: Effective November 1, 2014. FOR FURTHER INFORMATION CONTACT: Catherine B. Klion (Klion.Catherine@pbgc.gov), Assistant General Counsel for Regulatory Affairs, Pension Benefit Guaranty Corporation, 1200 K Street NW., Washington, DC 20005, 202–326–4024. (TTY/TDD users may call the Federal relay service tollfree at 1–800–877–8339 and ask to be connected to 202–326–4024.) SUPPLEMENTARY INFORMATION: PBGC’s regulation on Benefits Payable in Terminated Single-Employer Plans (29 CFR part 4022) prescribes actuarial assumptions—including interest assumptions—for paying plan benefits under terminating single-employer plans covered by title IV of the Employee Retirement Income Security Act of 1974. The interest assumptions in the regulation are also published on PBGC’s Web site (https://www.pbgc.gov). PBGC uses the interest assumptions in Appendix B to Part 4022 to determine whether a benefit is payable as a lump sum and to determine the amount to pay. Appendix C to Part 4022 contains interest assumptions for private-sector pension practitioners to refer to if they wish to use lump-sum interest rates determined using PBGC’s historical methodology. Currently, the rates in Appendices B and C of the benefit payment regulation are the same. The interest assumptions are intended to reflect current conditions in the financial and annuity markets. Assumptions under the benefit payments regulation are updated monthly. This final rule updates the benefit payments interest assumptions for November 2014.1 SUMMARY: 1 Appendix B to PBGC’s regulation on Allocation of Assets in Single-Employer Plans (29 CFR part 4044) prescribes interest assumptions for valuing benefits under terminating covered single-employer E:\FR\FM\15OCR1.SGM Continued 15OCR1

Agencies

[Federal Register Volume 79, Number 199 (Wednesday, October 15, 2014)]
[Rules and Regulations]
[Page 61761]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-24566]



========================================================================
Rules and Regulations
                                                Federal Register
________________________________________________________________________

This section of the FEDERAL REGISTER contains regulatory documents 
having general applicability and legal effect, most of which are keyed 
to and codified in the Code of Federal Regulations, which is published 
under 50 titles pursuant to 44 U.S.C. 1510.

The Code of Federal Regulations is sold by the Superintendent of Documents. 
Prices of new books are listed in the first FEDERAL REGISTER issue of each 
week.

========================================================================


Federal Register / Vol. 79, No. 199 / Wednesday, October 15, 2014 / 
Rules and Regulations

[[Page 61761]]



DEPARTMENT OF TRANSPORTATION

Federal Aviation Administration

14 CFR Part 13

[Docket No.: FAA-2014-0505; Amdt. No. 13-36 A]
RIN 2120-AK43


Orders of Compliance, Cease and Desist Orders, Order of Denial, 
and Other Orders

AGENCY: Federal Aviation Administration (FAA), DOT.

ACTION: Final rule; confirmation of effective date; disposition of 
comments.

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

SUMMARY: On August 12, 2014, the FAA published an immediate final rule 
(79 FR 46964) entitled ``Orders of Compliance, Cease and Desist Orders, 
Orders of Denial, and Other Orders.'' This action confirms the 
effective date of the immediate final rule and responds to the comments 
received on that immediate final rule.

DATES: The immediate final rule published August 12, 2014 (79 FR 46964) 
will become effective on October 14, 2014.

ADDRESSES: You may review the public docket for this rulemaking (Docket 
No. FAA-2014-0505) at the Docket Management Facility in Room W12-140 of 
the West Building Ground Floor at 1200 New Jersey Avenue SE., 
Washington, DC 20590-0001 between 9 a.m. and 5 p.m., Monday through 
Friday, except Federal holidays. You may also review the public docket 
on the Internet at https://www.regulations.gov.

FOR FURTHER INFORMATION CONTACT: For technical or legal questions 
concerning this action, contact Edmund Averman, Office of the Chief 
Counsel (AGC-210), Federal Aviation Administration, 800 Independence 
Avenue SW., Washington, DC 20591; telephone (202) 267-3147; email 
Ed.Averman@faa.gov.

SUPPLEMENTARY INFORMATION:

Background

    On August 12, 2014, the FAA published an immediate final rule 
entitled ``Orders of Compliance, Cease and Desist Orders, Orders of 
Denial, and Other Orders'' (79 FR 46964). That rulemaking provides the 
opportunity for an informal conference with an FAA attorney before an 
order is issued under 14 CFR 13.20, the FAA's regulation covering 
orders other than certificate action and civil penalty orders. The 
change is necessary to provide additional fairness and process to those 
persons who are subject to such an order, and is consistent with the 
process available in other enforcement actions. These conferences may 
result in either a resolution of the matter or a narrowing of the 
issues, thereby conserving resources for respondents and the FAA.

Discussion of Comments

    The FAA received one comment on the immediate final rule. The 
National Business Aviation Association (NBAA) welcomed the FAA's 
amendment to Sec.  13.20. The NBAA recognized this change provides 
additional fairness to those subject to an order. The NBAA acknowledged 
this rule as a positive change for the industry.

Conclusion

    After consideration of the comments submitted in response to the 
immediate final rule, the FAA has determined that no revisions to the 
rule are warranted based on the comments received.

    Issued under authority provided by 49 U.S.C. 106(f), 44701(a), 
and 44707 in Washington, DC, on October 9, 2014.
Lirio Liu,
Director, Office of Rulemaking.
[FR Doc. 2014-24566 Filed 10-14-14; 8:45 am]
BILLING CODE 4910-13-P