Semiannual Agenda and Regulatory Plan, 71181-71183 [2019-26586]

Download as PDF Vol. 84 Thursday, No. 247 December 26, 2019 Part XII Department of the Treasury khammond on DSKJM1Z7X2PROD with PROPOSALS12 Semiannual Regulatory Agenda VerDate Sep<11>2014 19:06 Dec 23, 2019 Jkt 250001 PO 00000 Frm 00001 Fmt 4717 Sfmt 4717 E:\FR\FM\26DEP12.SGM 26DEP12 71182 Federal Register / Vol. 84, No. 247 / Thursday, December 26, 2019 / UA: Reg Flex Agenda DEPARTMENT OF THE TREASURY 31 CFR Subtitles A and B Semiannual Agenda and Regulatory Plan Department of the Treasury. Semiannual regulatory agenda and annual regulatory plan. AGENCY: ACTION: This notice is given pursuant to the requirements of the Regulatory Flexibility Act and Executive Order (E.O.) 12866 (‘‘Regulatory Planning and Review’’), which require the publication by the Department of a semiannual agenda of regulations. E.O. 12866 also requires the publication by the Department of a regulatory plan for the upcoming fiscal year. The purpose of the agenda is to provide advance information about pending regulatory activities and encourage public participation in the regulatory process. FOR FURTHER INFORMATION CONTACT: The Agency contact identified in the item relating to that regulation. SUPPLEMENTARY INFORMATION: The semiannual regulatory agenda includes regulations that the Department has issued or expects to issue and rules currently in effect that are under departmental or bureau review. For this edition of the regulatory agenda, the most important significant regulatory actions and a Statement of Regulatory SUMMARY: Priorities are included in the Regulatory Plan, which appears in both the online Unified Agenda and in part II of the Federal Register publication that includes the Unified Agenda. The complete Unified Agenda will be available online at www.reginfo.gov and www.regulations.gov in a format that offers users an enhanced ability to obtain information from the Agenda database. Because publication in the Federal Register is mandated for the regulatory flexibility agenda required by the Regulatory Flexibility Act (5 U.S.C. 602), Treasury’s printed agenda entries include only: (1) Rules that are in the regulatory flexibility agenda, in accordance with the Regulatory Flexibility Act, because they are likely to have a significant economic impact on a substantial number of small entities; and (2) Rules that have been identified for periodic review under section 610 of the Regulatory Flexibility Act. Printing of these entries is limited to fields that contain information required by the Regulatory Flexibility Act’s Agenda requirements. Additional information on these entries is available in the Unified Agenda published on the internet. In addition, for fall editions of the Agenda, the entire Regulatory Plan will continue to be printed in the Federal Register, as in past years. The Department has listed in this agenda all regulations and regulatory reviews pending at the time of publication, except for technical, minor, and routine actions. On occasion, a regulatory matter may be inadvertently left off of the agenda or an emergency may arise that requires the Department to initiate a regulatory action not yet on the agenda. There is no legal significance to the omission of an item from this agenda. For most entries, Treasury includes a projected date for the next rulemaking action; however, the date is an estimate and is not a commitment to publish on the projected date. In addition, some agenda entries are marked as ‘‘withdrawn’’ when there has been no publication activity. Withdrawal of a rule from the agenda does not necessarily mean that a rule will not be included in a future agenda but may mean that further consideration is warranted and that the regulatory action is unlikely in the next 12 months. Public participation in the rulemaking process is the foundation of effective regulations. For this reason, the Department invites comments on all regulatory and deregulatory items included in the agenda and invites input on items that should be included in the semiannual agenda. Name: Michael Briskin, Deputy Assistant General Counsel for General Law and Regulation. CUSTOMS REVENUE FUNCTION—PROPOSED RULE STAGE Regulation Identifier No. Sequence No. Title 324 .................... Enforcement of Copyrights and the Digital Millennium Copyright Act ............................................................ 1515–AE26 INTERNAL REVENUE SERVICE—PROPOSED RULE STAGE Title 325 .................... 326 .................... Section 42 Average Income Test .................................................................................................................... MEPs and the Unified Plan Rule ..................................................................................................................... DEPARTMENT OF THE TREASURY (TREAS) Customs Revenue Function (CUSTOMS) Proposed Rule Stage khammond on DSKJM1Z7X2PROD with PROPOSALS12 Regulation Identifier No. Sequence No. 324. Enforcement of Copyrights and the Digital Millennium Copyright Act E.O. 13771 Designation: Not subject to, not significant. Legal Authority: Not Yet Determined Abstract: This rule amends the U.S. Customs and Border Protection (CBP) regulations pertaining to importations of merchandise that violate or are VerDate Sep<11>2014 19:06 Dec 23, 2019 Jkt 250001 suspected of violating the copyright laws in accordance with title III of the Trade Facilitation and Trade Enforcement Act of 2015 (TFTEA) and certain provisions of the Digital Millennium Copyright Act (DMCA). Timetable: Action Date NPRM .................. FR Cite 11/00/19 Branch, Department of the Treasury, Customs Revenue Function, Regulations and Rulings, Office of International Trade, U.S. Customs and Border Protection, 90 K Street NE, 10th Floor, Washington, DC 20229–1177, Phone: 202 325–0093, Fax: 202 325–0120, Email: charles.r.steuart@cbp.dhs.gov. RIN: 1515–AE26 BILLING CODE 9111–14–P Regulatory Flexibility Analysis Required: Yes. Agency Contact: Charles Steuart, Chief, Intellectual Property Rights PO 00000 Frm 00002 Fmt 4701 Sfmt 4702 1545–BO92 1545–BO97 E:\FR\FM\26DEP12.SGM 26DEP12 Federal Register / Vol. 84, No. 247 / Thursday, December 26, 2019 / UA: Reg Flex Agenda DEPARTMENT OF THE TREASURY (TREAS) Internal Revenue Service (IRS) Proposed Rule Stage 325. Section 42 Average Income Test E.O. 13771 Designation: Not subject to, not significant. Legal Authority: 26 U.S.C. 7805; 26 U.S.C. 42 Abstract: The Consolidated Appropriations Act of 2018 added a new applicable minimum set-aside test under section 42(g) of the Internal Revenue Code known as the average income test. This proposed regulation will implement requirements related to the average income test. Timetable: Action Date NPRM .................. FR Cite 07/00/20 khammond on DSKJM1Z7X2PROD with PROPOSALS12 Regulatory Flexibility Analysis Required: Yes. VerDate Sep<11>2014 19:06 Dec 23, 2019 Jkt 250001 Agency Contact: Dillon J. Taylor, Attorney, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room 5107, Washington, DC 20224, Phone: 202 317– 4137, Fax: 855 591–7867, Email: dillon.j.taylor@irscounsel.treas.gov RIN: 1545–BO92 326. MEPS and the Unified Plan Rule E.O. 13771 Designation: Regulatory. Legal Authority: 26 U.S.C. 7805; 26 U.S.C. 413 Abstract: These are final regulations relating to the tax qualification of plans maintained by more than one employer pursuant to section 413(c) of the Internal Revenue Code, often referred to as multiple employer plans or MEPs. The regulations provide limited relief to a defined contribution MEP in the event of a failure by one employer maintaining the plan to satisfy an applicable qualification requirement or to provide information needed to ensure compliance with a qualification PO 00000 Frm 00003 Fmt 4701 Sfmt 9990 71183 requirement. The regulations affect participants in MEPs, MEP sponsors and administrators, and employers maintaining MEPs. Timetable: Action NPRM .................. NPRM Comment Period End. Final Action ......... Date 07/03/19 10/01/19 FR Cite 84 FR 31777 06/00/20 Regulatory Flexibility Analysis Required: Yes. Agency Contact: Jamie Dvoretzky, Attorney, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224, Phone: 202 317–4102, Fax: 855 604–6087, Email: jamie.l.dvoretzky@irscounsel.treas.gov. RIN: 1545–BO97 [FR Doc. 2019–26586 Filed 12–23–19; 8:45 am] BILLING CODE 4810–01–P E:\FR\FM\26DEP12.SGM 26DEP12

Agencies

[Federal Register Volume 84, Number 247 (Thursday, December 26, 2019)]
[Unknown Section]
[Pages 71181-71183]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-26586]



[[Page 71181]]

Vol. 84

Thursday,

No. 247

December 26, 2019

Part XII





Department of the Treasury





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





Semiannual Regulatory Agenda

Federal Register / Vol. 84 , No. 247 / Thursday, December 26, 2019 / 
UA: Reg Flex Agenda

[[Page 71182]]


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

DEPARTMENT OF THE TREASURY

31 CFR Subtitles A and B


Semiannual Agenda and Regulatory Plan

AGENCY: Department of the Treasury.

ACTION: Semiannual regulatory agenda and annual regulatory plan.

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

SUMMARY: This notice is given pursuant to the requirements of the 
Regulatory Flexibility Act and Executive Order (E.O.) 12866 
(``Regulatory Planning and Review''), which require the publication by 
the Department of a semiannual agenda of regulations. E.O. 12866 also 
requires the publication by the Department of a regulatory plan for the 
upcoming fiscal year. The purpose of the agenda is to provide advance 
information about pending regulatory activities and encourage public 
participation in the regulatory process.

FOR FURTHER INFORMATION CONTACT: The Agency contact identified in the 
item relating to that regulation.

SUPPLEMENTARY INFORMATION: The semiannual regulatory agenda includes 
regulations that the Department has issued or expects to issue and 
rules currently in effect that are under departmental or bureau review. 
For this edition of the regulatory agenda, the most important 
significant regulatory actions and a Statement of Regulatory Priorities 
are included in the Regulatory Plan, which appears in both the online 
Unified Agenda and in part II of the Federal Register publication that 
includes the Unified Agenda.
    The complete Unified Agenda will be available online at 
www.reginfo.gov and www.regulations.gov in a format that offers users 
an enhanced ability to obtain information from the Agenda database. 
Because publication in the Federal Register is mandated for the 
regulatory flexibility agenda required by the Regulatory Flexibility 
Act (5 U.S.C. 602), Treasury's printed agenda entries include only:
    (1) Rules that are in the regulatory flexibility agenda, in 
accordance with the Regulatory Flexibility Act, because they are likely 
to have a significant economic impact on a substantial number of small 
entities; and
    (2) Rules that have been identified for periodic review under 
section 610 of the Regulatory Flexibility Act.
    Printing of these entries is limited to fields that contain 
information required by the Regulatory Flexibility Act's Agenda 
requirements. Additional information on these entries is available in 
the Unified Agenda published on the internet. In addition, for fall 
editions of the Agenda, the entire Regulatory Plan will continue to be 
printed in the Federal Register, as in past years.
    The Department has listed in this agenda all regulations and 
regulatory reviews pending at the time of publication, except for 
technical, minor, and routine actions. On occasion, a regulatory matter 
may be inadvertently left off of the agenda or an emergency may arise 
that requires the Department to initiate a regulatory action not yet on 
the agenda. There is no legal significance to the omission of an item 
from this agenda. For most entries, Treasury includes a projected date 
for the next rulemaking action; however, the date is an estimate and is 
not a commitment to publish on the projected date. In addition, some 
agenda entries are marked as ``withdrawn'' when there has been no 
publication activity. Withdrawal of a rule from the agenda does not 
necessarily mean that a rule will not be included in a future agenda 
but may mean that further consideration is warranted and that the 
regulatory action is unlikely in the next 12 months.
    Public participation in the rulemaking process is the foundation of 
effective regulations. For this reason, the Department invites comments 
on all regulatory and deregulatory items included in the agenda and 
invites input on items that should be included in the semiannual 
agenda.

    Name: Michael Briskin,
Deputy Assistant General Counsel for General Law and Regulation.

              Customs Revenue Function--Proposed Rule Stage
------------------------------------------------------------------------
                                                           Regulation
       Sequence No.                    Title             Identifier No.
------------------------------------------------------------------------
324.......................  Enforcement of Copyrights          1515-AE26
                             and the Digital
                             Millennium Copyright Act.
------------------------------------------------------------------------


              Internal Revenue Service--Proposed Rule Stage
------------------------------------------------------------------------
                                                           Regulation
       Sequence No.                    Title             Identifier No.
------------------------------------------------------------------------
325.......................  Section 42 Average Income          1545-BO92
                             Test.
326.......................  MEPs and the Unified Plan          1545-BO97
                             Rule.
------------------------------------------------------------------------

DEPARTMENT OF THE TREASURY (TREAS)

Customs Revenue Function (CUSTOMS)

Proposed Rule Stage

324. Enforcement of Copyrights and the Digital Millennium Copyright Act

    E.O. 13771 Designation: Not subject to, not significant.
    Legal Authority: Not Yet Determined
    Abstract: This rule amends the U.S. Customs and Border Protection 
(CBP) regulations pertaining to importations of merchandise that 
violate or are suspected of violating the copyright laws in accordance 
with title III of the Trade Facilitation and Trade Enforcement Act of 
2015 (TFTEA) and certain provisions of the Digital Millennium Copyright 
Act (DMCA).
    Timetable:

------------------------------------------------------------------------
               Action                    Date            FR Cite
------------------------------------------------------------------------
NPRM................................   11/00/19
------------------------------------------------------------------------

    Regulatory Flexibility Analysis Required: Yes.
    Agency Contact: Charles Steuart, Chief, Intellectual Property 
Rights Branch, Department of the Treasury, Customs Revenue Function, 
Regulations and Rulings, Office of International Trade, U.S. Customs 
and Border Protection, 90 K Street NE, 10th Floor, Washington, DC 
20229-1177, Phone: 202 325-0093, Fax: 202 325-0120, Email: 
[email protected].
    RIN: 1515-AE26

BILLING CODE 9111-14-P


[[Page 71183]]



DEPARTMENT OF THE TREASURY (TREAS)

Internal Revenue Service (IRS)

Proposed Rule Stage

325. Section 42 Average Income Test

    E.O. 13771 Designation: Not subject to, not significant.
    Legal Authority: 26 U.S.C. 7805; 26 U.S.C. 42
    Abstract: The Consolidated Appropriations Act of 2018 added a new 
applicable minimum set-aside test under section 42(g) of the Internal 
Revenue Code known as the average income test. This proposed regulation 
will implement requirements related to the average income test.
    Timetable:

------------------------------------------------------------------------
               Action                    Date            FR Cite
------------------------------------------------------------------------
NPRM................................   07/00/20  .......................
------------------------------------------------------------------------

    Regulatory Flexibility Analysis Required: Yes.
    Agency Contact: Dillon J. Taylor, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room 
5107, Washington, DC 20224, Phone: 202 317-4137, Fax: 855 591-7867, 
Email: [email protected]
    RIN: 1545-BO92

326. MEPS and the Unified Plan Rule

    E.O. 13771 Designation: Regulatory.
    Legal Authority: 26 U.S.C. 7805; 26 U.S.C. 413
    Abstract: These are final regulations relating to the tax 
qualification of plans maintained by more than one employer pursuant to 
section 413(c) of the Internal Revenue Code, often referred to as 
multiple employer plans or MEPs. The regulations provide limited relief 
to a defined contribution MEP in the event of a failure by one employer 
maintaining the plan to satisfy an applicable qualification requirement 
or to provide information needed to ensure compliance with a 
qualification requirement. The regulations affect participants in MEPs, 
MEP sponsors and administrators, and employers maintaining MEPs.
    Timetable:

------------------------------------------------------------------------
               Action                    Date            FR Cite
------------------------------------------------------------------------
NPRM................................   07/03/19  84 FR 31777
NPRM Comment Period End.............   10/01/19  .......................
Final Action........................   06/00/20  .......................
------------------------------------------------------------------------

    Regulatory Flexibility Analysis Required: Yes.
    Agency Contact: Jamie Dvoretzky, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224, Phone: 202 317-4102, Fax: 855 604-6087, Email: 
[email protected].
    RIN: 1545-BO97

[FR Doc. 2019-26586 Filed 12-23-19; 8:45 am]
BILLING CODE 4810-01-P