Debt Management Advisory Committee Meeting, 43944 [2020-15578]

Download as PDF 43944 Federal Register / Vol. 85, No. 139 / Monday, July 20, 2020 / Notices 2601. The IRS uses the information on the form to enforce the estate and GST tax provisions of the Code and to verify that the taxes have been properly computed. Schedule R–1 (Form 706) serves as a payment voucher for the Generation-Skipping Transfer (GST)tax imposed on a direct skip from a trust, which the trustee of the trust, must pay. Current Actions: Prior to this revision, Schedule R–1 and its instructions were embedded in Form 706. However, Schedule R–1 and its instructions were removed, to create a separate hybrid form for Schedule R–1 and its instructions. There are changes in the paperwork burden previously approved by OMB, due to the reduction in filers based on the most recent filing data. Type of Review: Revision of a currently approved collection. Affected Public: Individuals or households and business or other forprofit organizations. Estimated Number of Responses: 30,729. Estimated Time per Respondents: 36.50. Estimated Total Annual Burden Hours: 1,121,903. 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. VerDate Sep<11>2014 18:30 Jul 17, 2020 Jkt 250001 Approved: July 14, 2020. Sara L. Covington, IRS Tax Analyst. [FR Doc. 2020–15584 Filed 7–17–20; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Office of The Secretary List of Countries Requiring Cooperation With an International Boycott In accordance with section 999(a)(3) of the Internal Revenue Code of 1986, the Department of the Treasury is publishing a current list of countries which require or may require participation in, or cooperation with, an international boycott (within the meaning of section 999(b)(3) of the Internal Revenue Code of 1986). On the basis of the best information currently available to the Department of the Treasury, the following countries require or may require participation in, or cooperation with, an international boycott (within the meaning of section 999(b)(3) of the Internal Revenue Code of 1986). Iraq Kuwait Lebanon Libya Qatar Saudi Arabia Syria United Arab Emirates Yemen Douglas Poms, International Tax Counsel, Tax Policy. [FR Doc. 2020–15621 Filed 7–17–20; 8:45 am] BILLING CODE 4810–25–P DEPARTMENT OF THE TREASURY Debt Management Advisory Committee Meeting Notice is hereby given, pursuant to 5 U.S.C. App. 2, § 10(a)(2), that a meeting will take place via conference call on Tuesday, August 4, 2020 at 12:00 p.m. of the following debt management advisory committee: Treasury Borrowing Advisory Committee of the Securities Industry and Financial Markets Association. At this meeting, the Treasury is seeking advice from the Committee on topics related to the economy, financial markets, Treasury financing, and debt management. Following the working session, the Committee will present a written report of its recommendations. The meeting will be closed to the PO 00000 Frm 00139 Fmt 4703 Sfmt 9990 public, pursuant to 5 U.S.C. App. 2, § 10(d) and Public Law 103–202, 202(c)(1)(B) (31 U.S.C. 3121 note). This notice shall constitute my determination, pursuant to the authority placed in heads of agencies by 5 U.S.C. App. 2, 10(d) and vested in me by Treasury Department Order No. 101–05, that the meeting will consist of discussions and debates of the issues presented to the Committee by the Secretary of the Treasury and the making of recommendations of the Committee to the Secretary, pursuant to Public Law 103–202, 202(c)(1)(B). Thus, this information is exempt from disclosure under that provision and 5 U.S.C. 552b(c)(3)(B). In addition, the meeting is concerned with information that is exempt from disclosure under 5 U.S.C. 552b(c)(9)(A). The public interest requires that such meetings be closed to the public because the Treasury Department requires frank and full advice from representatives of the financial community prior to making its final decisions on major financing operations. Historically, this advice has been offered by debt management advisory committees established by the several major segments of the financial community. When so utilized, such a committee is recognized to be an advisory committee under 5 U.S.C. App. 2, § 3. Although the Treasury’s final announcement of financing plans may not reflect the recommendations provided in reports of the Committee, premature disclosure of the Committee’s deliberations and reports would be likely to lead to significant financial speculation in the securities market. Thus, this meeting falls within the exemption covered by 5 U.S.C. 552b(c)(9)(A). The Office of Debt Management is responsible for maintaining records of debt management advisory committee meetings and for providing annual reports setting forth a summary of Committee activities and such other matters as may be informative to the public consistent with the policy of 5 U.S.C. 552(b). The Designated Federal Officer or other responsible agency official who may be contacted for additional information is Fred Pietrangeli, Director for Office of Debt Management (202) 622–1876. Dated: July 14, 2020. Frederick E. Pietrangeli, Director (for Office of Debt Management). [FR Doc. 2020–15578 Filed 7–17–20; 8:45 am] BILLING CODE 4810–25–P E:\FR\FM\20JYN1.SGM 20JYN1

Agencies

[Federal Register Volume 85, Number 139 (Monday, July 20, 2020)]
[Notices]
[Page 43944]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-15578]


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DEPARTMENT OF THE TREASURY


Debt Management Advisory Committee Meeting

    Notice is hereby given, pursuant to 5 U.S.C. App. 2, Sec.  
10(a)(2), that a meeting will take place via conference call on 
Tuesday, August 4, 2020 at 12:00 p.m. of the following debt management 
advisory committee: Treasury Borrowing Advisory Committee of the 
Securities Industry and Financial Markets Association.
    At this meeting, the Treasury is seeking advice from the Committee 
on topics related to the economy, financial markets, Treasury 
financing, and debt management. Following the working session, the 
Committee will present a written report of its recommendations. The 
meeting will be closed to the public, pursuant to 5 U.S.C. App. 2, 
Sec.  10(d) and Public Law 103-202, 202(c)(1)(B) (31 U.S.C. 3121 note).
    This notice shall constitute my determination, pursuant to the 
authority placed in heads of agencies by 5 U.S.C. App. 2, 10(d) and 
vested in me by Treasury Department Order No. 101-05, that the meeting 
will consist of discussions and debates of the issues presented to the 
Committee by the Secretary of the Treasury and the making of 
recommendations of the Committee to the Secretary, pursuant to Public 
Law 103-202, 202(c)(1)(B).
    Thus, this information is exempt from disclosure under that 
provision and 5 U.S.C. 552b(c)(3)(B). In addition, the meeting is 
concerned with information that is exempt from disclosure under 5 
U.S.C. 552b(c)(9)(A). The public interest requires that such meetings 
be closed to the public because the Treasury Department requires frank 
and full advice from representatives of the financial community prior 
to making its final decisions on major financing operations. 
Historically, this advice has been offered by debt management advisory 
committees established by the several major segments of the financial 
community. When so utilized, such a committee is recognized to be an 
advisory committee under 5 U.S.C. App. 2, Sec.  3.
    Although the Treasury's final announcement of financing plans may 
not reflect the recommendations provided in reports of the Committee, 
premature disclosure of the Committee's deliberations and reports would 
be likely to lead to significant financial speculation in the 
securities market. Thus, this meeting falls within the exemption 
covered by 5 U.S.C. 552b(c)(9)(A).
    The Office of Debt Management is responsible for maintaining 
records of debt management advisory committee meetings and for 
providing annual reports setting forth a summary of Committee 
activities and such other matters as may be informative to the public 
consistent with the policy of 5 U.S.C. 552(b). The Designated Federal 
Officer or other responsible agency official who may be contacted for 
additional information is Fred Pietrangeli, Director for Office of Debt 
Management (202) 622-1876.

    Dated: July 14, 2020.
Frederick E. Pietrangeli,
Director (for Office of Debt Management).

[FR Doc. 2020-15578 Filed 7-17-20; 8:45 am]
BILLING CODE 4810-25-P
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