Study on Improving the Certification Process for the Terrorism Risk Insurance Program, 7075-7076 [2015-02563]
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Federal Register / Vol. 80, No. 26 / Monday, February 9, 2015 / Notices
that, especially in recent years, include
many safety technologies. Using
NHTSA’s published effectiveness
estimates, the model estimates how
many people would have died if the
vehicles had not been equipped with
any of the safety technologies. In
addition to equipment compliant with
specific FMVSS in effect at that time,
the model tallies lives saved by
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improvements, such as pretensioners
and load limiters for seat belts. FARS
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an extension of the model allows
estimates of lives saved in 1960 to 1974.
A previous NHTSA study (70 FR
3975) using the same methods estimated
that vehicle safety technologies had
saved 328,551 lives from 1960 through
2002. The agency now estimates
613,501 lives saved from 1960 through
2012. The annual number of lives saved
grew from 115 in 1960, when a small
number of people used lap belts, to
27,621 in 2012, when most cars and
LTVs were equipped with numerous
modern safety technologies and belt use
on the road achieved 86 percent.
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VerDate Sep<11>2014
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Sfmt 4703
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Authority: 49 U.S.C. 30111, 30181–83
delegation of authority at 49 CFR 1.95 and
501.8.
Issued in Washington, DC, on February 4,
2015.
Terry Shelton,
Associate Administrator for the National
Center for Statistics and Analysis.
[FR Doc. 2015–02547 Filed 2–6–15; 8:45 am]
BILLING CODE 4910–59–P
DEPARTMENT OF THE TREASURY
In our response, we will consider all
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possible, we will also consider
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PO 00000
7075
Study on Improving the Certification
Process for the Terrorism Risk
Insurance Program
Departmental Offices, U.S.
Department of the Treasury.
ACTION: Notice and request for comment.
AGENCY:
E:\FR\FM\09FEN1.SGM
09FEN1
7076
Federal Register / Vol. 80, No. 26 / Monday, February 9, 2015 / Notices
Section 107 of the Terrorism
Risk Insurance Program Reauthorization
Act of 2015 (Reauthorization Act)
requires the Secretary of the Treasury
(Secretary) to conduct a study on the
certification process in the Terrorism
Risk Insurance Act of 2002, as amended
(TRIA). The Secretary also must submit
a report on the results of its study to
Congress. To assist the Secretary in
conducting the study and formulating
the report, the Federal Insurance Office
(FIO) is issuing this request for
comment.
DATES: Comments must be submitted
not later than March 6, 2015.
ADDRESSES: Interested persons may
submit comments electronically through
the Federal eRulemaking Portal at
https://www.regulations.gov, in
accordance with the instructions on that
site. In general, the Department will
post all comments to
www.regulations.gov without change,
including any business or personal
information provided such as names,
addresses, email addresses, or telephone
numbers. The Department will also
make such comments available for
public inspection and copying in the
Treasury’s Library, 1500 Pennsylvania
Avenue NW., Washington, DC 20220, on
official business days between the hours
of 10:00 a.m. and 5:00 p.m. Eastern
Time. You can make an appointment to
inspect comments by telephoning (202)
622–0990. All comments, including
attachments and other supporting
materials, are part of the public record
and subject to public disclosure. You
should submit only information that
you wish to make available publicly.
Electronic submissions are
encouraged.
Comments may also be mailed to the
Department of the Treasury, Federal
Insurance Office, MT 1410, 1500
Pennsylvania Avenue NW., Washington,
DC 20220.
Additional Instructions. Responses
should also include: (1) The data or
rationale, including examples,
supporting any opinions or conclusions;
(2) approaches and options respecting
improvement of the certification
process, if any; and, (3) any specific
legislative, administrative, or regulatory
proposals for carrying out such
approaches or options.
FOR FURTHER INFORMATION CONTACT:
Brett D. Hewitt, Policy Advisor, Federal
Insurance Office, Room 1410,
Department of the Treasury, 1500
Pennsylvania Avenue NW., Washington,
DC 20220, at (202) 622–5892 (this is not
a toll-free number). Persons who have
difficulty hearing or speaking may
access this number via TTY by calling
mstockstill on DSK4VPTVN1PROD with NOTICES
SUMMARY:
VerDate Sep<11>2014
17:39 Feb 06, 2015
Jkt 235001
the toll-free Federal Relay Service at
(800) 877–8339.
SUPPLEMENTARY INFORMATION:
I. Background
Section 107(b) of the Reauthorization
Act (Pub. L. 114–1) requires the
Secretary to conduct a study on the
process by which the Secretary
determines whether to certify an act as
an ‘‘act of terrorism’’ under section
102(1) of TRIA (‘‘Certification Study’’).
Section 107(c) of the Reauthorization
Act prescribes certain factors that the
Certification Study must examine. After
completing the Certification Study, the
Department of the Treasury (Treasury)
must submit a report on its results to
Congress.
II. Solicitation for Comments
A. Collecting information and views
on the factors that must be analyzed in
the Certification Study will enhance the
accuracy and value of the study and
report to Congress. Accordingly,
comments are sought on:
1. The establishment of a reasonable
timeline by which the Secretary must
make an accurate determination on
whether to certify an act as an act of
terrorism;
2. The impact that the length of any
timeline proposed to be established may
have on the insurance industry,
policyholders, consumers, and
taxpayers as a whole;
3. The factors the Secretary would
evaluate and monitor during the
certification process, including the
ability of the Secretary to obtain the
required information regarding the
amount of projected and incurred losses
resulting from an act which the
Secretary would need in determining
whether to certify the act as an act of
terrorism;
4. The appropriateness, efficiency,
and effectiveness of the consultation
process required under section
102(1)(A) of TRIA and any
recommendations on changes to the
consultation process; and
5. The ability of the Secretary to
provide guidance and updates to the
public regarding any act that may
reasonably be certified as an act of
terrorism.
B. In addressing the considerations set
forth in section 107(c) of the
Reauthorization Act (as described in
Paragraph (II)(A) of this notice),
commenters are invited to submit views
on:
1. The manner and extent to which
the certification timeline and the
Secretary’s ability to make an accurate
determination on whether to certify an
act as an act of terrorism may be
PO 00000
Frm 00132
Fmt 4703
Sfmt 4703
influenced by domestic or international
law enforcement processes; and
2. The implications for insurers or
policyholders if one or more events are
certified as acts of terrorism but the
aggregate, calendar-year insured losses
do not exceed the amount required for
Treasury to make payments for insured
losses.
Dated: February 4, 2015.
Michael T. McRaith,
Director, Federal Insurance Office.
[FR Doc. 2015–02563 Filed 2–6–15; 8:45 am]
BILLING CODE 4810–25–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Regulation Project
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
soliciting comments concerning
qualified separate lines of business.
DATES: Written comments should be
received on or before April 10, 2015 to
be assured of consideration.
ADDRESSES: Direct all written comments
to Christie Preston, Internal Revenue
Service, Room 6129, 1111 Constitution
Avenue NW., Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of regulations should be directed
to Allan Hopkins, at Internal Revenue
Service, Room 6129, 1111 Constitution
Avenue NW., Washington, DC 20224, or
through the Internet, at
Allan.M.Hopkins@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Qualified Separate Lines of
Business.
OMB Number: 1545–1221. Regulation
Project Number: EE–147–87.
Abstract: Section 414(r) of the Internal
Revenue Code requires that employers
who wish to test their qualified
retirement plans on a separate line of
business basis, rather than on a
controlled group basis, provide notice to
the IRS that the employer treats itself as
SUMMARY:
E:\FR\FM\09FEN1.SGM
09FEN1
]]>Agencies
[Federal Register Volume 80, Number 26 (Monday, February 9, 2015)]
[Notices]
[Pages 7075-7076]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2015-02563]
=======================================================================
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DEPARTMENT OF THE TREASURY
Study on Improving the Certification Process for the Terrorism
Risk Insurance Program
AGENCY: Departmental Offices, U.S. Department of the Treasury.
ACTION: Notice and request for comment.
-----------------------------------------------------------------------
[[Page 7076]]
SUMMARY: Section 107 of the Terrorism Risk Insurance Program
Reauthorization Act of 2015 (Reauthorization Act) requires the
Secretary of the Treasury (Secretary) to conduct a study on the
certification process in the Terrorism Risk Insurance Act of 2002, as
amended (TRIA). The Secretary also must submit a report on the results
of its study to Congress. To assist the Secretary in conducting the
study and formulating the report, the Federal Insurance Office (FIO) is
issuing this request for comment.
DATES: Comments must be submitted not later than March 6, 2015.
ADDRESSES: Interested persons may submit comments electronically
through the Federal eRulemaking Portal at https://www.regulations.gov,
in accordance with the instructions on that site. In general, the
Department will post all comments to www.regulations.gov without
change, including any business or personal information provided such as
names, addresses, email addresses, or telephone numbers. The Department
will also make such comments available for public inspection and
copying in the Treasury's Library, 1500 Pennsylvania Avenue NW.,
Washington, DC 20220, on official business days between the hours of
10:00 a.m. and 5:00 p.m. Eastern Time. You can make an appointment to
inspect comments by telephoning (202) 622-0990. All comments, including
attachments and other supporting materials, are part of the public
record and subject to public disclosure. You should submit only
information that you wish to make available publicly.
Electronic submissions are encouraged.
Comments may also be mailed to the Department of the Treasury,
Federal Insurance Office, MT 1410, 1500 Pennsylvania Avenue NW.,
Washington, DC 20220.
Additional Instructions. Responses should also include: (1) The
data or rationale, including examples, supporting any opinions or
conclusions; (2) approaches and options respecting improvement of the
certification process, if any; and, (3) any specific legislative,
administrative, or regulatory proposals for carrying out such
approaches or options.
FOR FURTHER INFORMATION CONTACT: Brett D. Hewitt, Policy Advisor,
Federal Insurance Office, Room 1410, Department of the Treasury, 1500
Pennsylvania Avenue NW., Washington, DC 20220, at (202) 622-5892 (this
is not a toll-free number). Persons who have difficulty hearing or
speaking may access this number via TTY by calling the toll-free
Federal Relay Service at (800) 877-8339.
SUPPLEMENTARY INFORMATION:
I. Background
Section 107(b) of the Reauthorization Act (Pub. L. 114-1) requires
the Secretary to conduct a study on the process by which the Secretary
determines whether to certify an act as an ``act of terrorism'' under
section 102(1) of TRIA (``Certification Study''). Section 107(c) of the
Reauthorization Act prescribes certain factors that the Certification
Study must examine. After completing the Certification Study, the
Department of the Treasury (Treasury) must submit a report on its
results to Congress.
II. Solicitation for Comments
A. Collecting information and views on the factors that must be
analyzed in the Certification Study will enhance the accuracy and value
of the study and report to Congress. Accordingly, comments are sought
on:
1. The establishment of a reasonable timeline by which the
Secretary must make an accurate determination on whether to certify an
act as an act of terrorism;
2. The impact that the length of any timeline proposed to be
established may have on the insurance industry, policyholders,
consumers, and taxpayers as a whole;
3. The factors the Secretary would evaluate and monitor during the
certification process, including the ability of the Secretary to obtain
the required information regarding the amount of projected and incurred
losses resulting from an act which the Secretary would need in
determining whether to certify the act as an act of terrorism;
4. The appropriateness, efficiency, and effectiveness of the
consultation process required under section 102(1)(A) of TRIA and any
recommendations on changes to the consultation process; and
5. The ability of the Secretary to provide guidance and updates to
the public regarding any act that may reasonably be certified as an act
of terrorism.
B. In addressing the considerations set forth in section 107(c) of
the Reauthorization Act (as described in Paragraph (II)(A) of this
notice), commenters are invited to submit views on:
1. The manner and extent to which the certification timeline and
the Secretary's ability to make an accurate determination on whether to
certify an act as an act of terrorism may be influenced by domestic or
international law enforcement processes; and
2. The implications for insurers or policyholders if one or more
events are certified as acts of terrorism but the aggregate, calendar-
year insured losses do not exceed the amount required for Treasury to
make payments for insured losses.
Dated: February 4, 2015.
Michael T. McRaith,
Director, Federal Insurance Office.
[FR Doc. 2015-02563 Filed 2-6-15; 8:45 am]
BILLING CODE 4810-25-P
