Suspension of Benefits Under the Multiemployer Pension Reform Act of 2014; Correction, 46795 [2015-19364]
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Federal Register / Vol. 80, No. 151 / Thursday, August 6, 2015 / Rules and Regulations
determinations in which the complete
initial questionnaire has not been issued
as of August 6, 2015.
The second part of Section 505
amends Section 773(c)(5) of the Tariff
Act of 1930, 19 U.S.C. 1673b(c)(5), to
permit the Department to disregard
price or cost values without further
investigation if it has determined that
certain subsidies have existed with
respect to those values, or if those price
or cost values were subject to an AD
order. This amendment clarifies the
Department’s authority for its existing
practice, and does not impose any new
requirements on the parties to AD
proceedings that would require them to
submit additional information or
argument. Accordingly, we will apply
this provision to determinations made
on or after August 6, 2015.
Section 506 of the Act amends
Section 782(a) of the Tariff Act of 1930,
19 U.S.C. 1677m(a), to identify the
factors that the Department may take
into account in determining whether
accepting voluntary responses would be
unduly burdensome. This amendment
compliments the Department’s
voluntary respondent analysis and does
not require parties to AD and CVD
proceedings to submit additional
information or argument. Accordingly,
we will apply this provision to
determinations made on or after August
6, 2015.
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Classification
Pursuant to 5 U.S.C. 553(b)(A), notice
and comment are not required for this
rule because its intent is to interpret the
Trade Preferences Extension Act to
apply as explained above and to provide
notice to the public. This interpretation
is meant to lend clarity to the statutory
terms and will reduce or eliminate any
possible confusion about the application
of the Act without creating any new
law, rights or duties. See General Motors
Corp. v. Ruckelshaus, 742 F.2d 1561,
1565 (D.C. Cir. 1984) (en banc) (finding
that EPA’s rule was interpretive because
‘‘the agency regarded its rule as
interpretive’’; ‘‘[its] entire justification
for the rule is comprised of reasoned
statutory interpretation, with reference
to the language, purpose and legislative
history of the [provision]’’; and ‘‘most
importantly, the rule did not create any
new rights or duties . . .’’). Because
notice and an opportunity for comment
are not required, no regulatory
flexibility analysis is required and none
has been prepared. The rule has been
determined to be not significant for
purposes of Executive Order 12866.
VerDate Sep<11>2014
16:05 Aug 05, 2015
Jkt 235001
Dated: July 31, 2015.
Ronald K. Lorentzen
Acting Assistant Secretary for Enforcement
and Compliance.
[FR Doc. 2015–19353 Filed 8–5–15; 8:45 am]
46795
PART 1—INCOME TAXES
Paragraph 1. The authority citation
for part 1 continues to read in part as
follows:
■
BILLING CODE 3510–DS–P
Authority: 26 U.S.C. 7805 * * *
Par. 2. Section 1.432(e)(9)–1T is
amended by revising the first sentence
of paragraph (g)(1)(v) to read as follows:
■
DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 1
§ 1.432(e)(9)–1T Benefit suspensions for
multiemployer plans in critical and
declining status (temporary).
*
[TD 9723]
RIN 1545–BM73
Suspension of Benefits Under the
Multiemployer Pension Reform Act of
2014; Correction
Internal Revenue Service (IRS),
Treasury.
ACTION: Correcting amendment.
AGENCY:
This document contains
corrections to temporary regulations (TD
9723) that were published in the
Federal Register on Friday, June 19,
2015 (80 FR 35207). The temporary
regulations relate to multiemployer
pension plans that are projected to have
insufficient funds, at some point in the
future, to pay the full benefits to which
individuals will be entitled under the
plans (referred to as plans in ‘‘critical
and declining status’’).
DATES: This correction is effective
August 6, 2015 and applicable June 19,
2015.
FOR FURTHER INFORMATION CONTACT:
Department of the Treasury MPRA
guidance information line at (202) 622–
1559 (not a toll-free number).
SUPPLEMENTARY INFORMATION:
SUMMARY:
Background
The temporary regulations (TD 9723)
that are the subject of this correction are
under section 432(e)(9) of the Internal
Revenue Code.
Need for Correction
As published, the temporary
regulations (TD 9723) contain an error
that may prove to be misleading and are
in need of clarification.
List of Subjects in 26 CFR Part 1
Income taxes, Reporting and
recordkeeping requirements.
Correction of Publication
Accordingly, 26 CFR part 1 is
amended by making the following
correcting amendments:
PO 00000
Frm 00007
Fmt 4700
Sfmt 4700
*
*
*
*
(g) * * *
(1) * * *
(v) * * * An application for
suspension that is not submitted in
combination with an application to
PBGC for a plan partition under section
4233 of ERISA generally will not be
accepted unless the proposed effective
date of the suspension is at least nine
months from the date on which the
application is submitted. * * *
Martin V. Franks,
Chief, Publications and Regulations Branch,
Legal Processing Division, Associate Chief
Counsel (Procedure and Administration).
[FR Doc. 2015–19364 Filed 8–5–15; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Parts 1 and 602
[TD 9723]
RIN 1545–BM73
Suspension of Benefits Under the
Multiemployer Pension Reform Act of
2014; Correction
Internal Revenue Service (IRS),
Treasury.
ACTION: Temporary regulations;
correction.
AGENCY:
This document contains
corrections to temporary regulations (TD
9723) that were published in the
Federal Register on Friday, June 19,
2015 (80 FR 35207). The temporary
regulations relate to multiemployer
pension plans that are projected to have
insufficient funds, at some point in the
future, to pay the full benefits to which
individuals will be entitled under the
plans (referred to as plans in ‘‘critical
and declining status’’).
DATES: This correction is effective
August 6, 2015 and applicable June 19,
2015.
FOR FURTHER INFORMATION CONTACT:
Department of the Treasury MPRA
SUMMARY:
E:\FR\FM\06AUR1.SGM
06AUR1
]]>Agencies
[Federal Register Volume 80, Number 151 (Thursday, August 6, 2015)]
[Rules and Regulations]
[Page 46795]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-19364]
=======================================================================
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 1
[TD 9723]
RIN 1545-BM73
Suspension of Benefits Under the Multiemployer Pension Reform Act
of 2014; Correction
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Correcting amendment.
-----------------------------------------------------------------------
SUMMARY: This document contains corrections to temporary regulations
(TD 9723) that were published in the Federal Register on Friday, June
19, 2015 (80 FR 35207). The temporary regulations relate to
multiemployer pension plans that are projected to have insufficient
funds, at some point in the future, to pay the full benefits to which
individuals will be entitled under the plans (referred to as plans in
``critical and declining status'').
DATES: This correction is effective August 6, 2015 and applicable June
19, 2015.
FOR FURTHER INFORMATION CONTACT: Department of the Treasury MPRA
guidance information line at (202) 622-1559 (not a toll-free number).
SUPPLEMENTARY INFORMATION:
Background
The temporary regulations (TD 9723) that are the subject of this
correction are under section 432(e)(9) of the Internal Revenue Code.
Need for Correction
As published, the temporary regulations (TD 9723) contain an error
that may prove to be misleading and are in need of clarification.
List of Subjects in 26 CFR Part 1
Income taxes, Reporting and recordkeeping requirements.
Correction of Publication
Accordingly, 26 CFR part 1 is amended by making the following
correcting amendments:
PART 1--INCOME TAXES
0
Paragraph 1. The authority citation for part 1 continues to read in
part as follows:
Authority: 26 U.S.C. 7805 * * *
0
Par. 2. Section 1.432(e)(9)-1T is amended by revising the first
sentence of paragraph (g)(1)(v) to read as follows:
Sec. 1.432(e)(9)-1T Benefit suspensions for multiemployer plans in
critical and declining status (temporary).
* * * * *
(g) * * *
(1) * * *
(v) * * * An application for suspension that is not submitted in
combination with an application to PBGC for a plan partition under
section 4233 of ERISA generally will not be accepted unless the
proposed effective date of the suspension is at least nine months from
the date on which the application is submitted. * * *
Martin V. Franks,
Chief, Publications and Regulations Branch, Legal Processing Division,
Associate Chief Counsel (Procedure and Administration).
[FR Doc. 2015-19364 Filed 8-5-15; 8:45 am]
BILLING CODE 4830-01-P
