Semiannual Agenda, 48324-48328 [2022-14609]
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Federal Register / Vol. 87, No. 151 / Monday, August 8, 2022 / UA: Reg Flex Agenda
DEPARTMENT OF THE TREASURY
31 CFR Subtitles A and B
Semiannual Agenda
Department of the Treasury.
Semiannual regulatory agenda.
AGENCY:
ACTION:
This notice is given pursuant
to the requirements of the Regulatory
Flexibility Act and Executive Order
12866 (‘‘Regulatory Planning and
Review’’), which require the publication
by the Department of a semiannual
agenda of regulations.
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
SUMMARY:
issued or expects to issue and rules
currently in effect that are under
departmental or bureau review.
Beginning with the fall 2007 edition,
the internet has been the primary
medium for disseminating 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 available on the
internet.
The semiannual agenda of the
Department of the Treasury conforms to
the Unified Agenda format developed
by the Regulatory Information Service
Center (RISC).
Michael Briskin,
Deputy Assistant General Counsel for General
Law and Regulation.
FINANCIAL CRIMES ENFORCEMENT NETWORK—PROPOSED RULE STAGE
Regulation
Identifier No.
Sequence No.
Title
171 ....................
Clarification of the Requirement to Collect, Retain, and Transmit Information on Transactions Involving
Convertible Virtual Currencies and Digital Assets With Legal Tender Status.
Section 6403. Corporate Transparency Act ....................................................................................................
Section 6110. Bank Secrecy Act Application to Dealers in Antiquities and Assessment of Bank Secrecy
Act Application to Dealers in Arts.
Section 6101. Establishment of National Exam and Supervision Priorities ....................................................
Real Estate Transaction Reports and Records ...............................................................................................
172 ....................
173 ....................
174 ....................
175 ....................
1506–AB41
1506–AB49
1506–AB50
1506–AB52
1506–AB54
FINANCIAL CRIMES ENFORCEMENT NETWORK—FINAL RULE STAGE
Regulation
Identifier No.
Sequence No.
Title
176 ....................
177 ....................
178 ....................
Amendments of the Definition of Broker or Dealer in Securities (Crowd Funding) ........................................
Requirements for Certain Transactions Involving Convertible Virtual Currency or Digital Assets .................
Section 6212. Pilot Program on Sharing of Information Related to Suspicious Activity Reports Within a Financial Group.
1506–AB36
1506–AB47
1506–AB51
CUSTOMS REVENUE FUNCTION—FINAL RULE STAGE
Regulation
Identifier No.
Sequence No.
Title
179 ....................
Enforcement of Copyrights and the Digital Millennium Copyright Act ............................................................
1515–AE26
INTERNAL REVENUE SERVICE—FINAL RULE STAGE
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180
181
182
183
184
185
186
187
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Regulation
Identifier No.
Title
Guidance on the Elimination of Interbank Offered Rates ................................................................................
Section 42. Low-Income Housing Credit Average Income Test Regulations .................................................
MEPs and the Unified Plan Rule .....................................................................................................................
Requirements Related to Surprise Billing, Part 1 ............................................................................................
Requirements Related to Surprise Billing, Part 2 ............................................................................................
Requirements Related to Surprise Billing, Part 1 (Temporary Regulation) ....................................................
Requirements Related to Surprise Billing, Part 2 (Temporary Regulation) ....................................................
Information Reporting of Health Insurance Coverage and Other Issues Under Sections 6055 and 6056 ....
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1545–BO92
1545–BO97
1545–BQ01
1545–BQ02
1545–BQ04
1545–BQ05
1545–BQ11
Federal Register / Vol. 87, No. 151 / Monday, August 8, 2022 / UA: Reg Flex Agenda
DEPARTMENT OF THE TREASURY
(TREAS)
Financial Crimes Enforcement Network
(FINCEN)
Proposed Rule Stage
171. Clarification of the Requirement
To Collect, Retain, and Transmit
Information on Transactions Involving
Convertible Virtual Currencies and
Digital Assets With Legal Tender Status
[1506–AB41]
Legal Authority: 12 U.S.C. 1829b; 12
U.S.C. 1951 to 1959; 31 U.S.C. 5311 to
5314; 31 U.S.C. 5316 to 5336
Abstract: The Board of Governors of
the Federal Reserve System and FinCEN
(collectively, the ‘‘Agencies’’) intend to
issue a revised proposal to clarify the
meaning of ‘‘money’’ as used in the
rules implementing the Bank Secrecy
Act requiring financial institutions to
collect, retain, and transmit information
on certain funds transfers and
transmittals of funds. The Agencies
intend that the revised proposal will
ensure that the rules apply to domestic
and cross-border transactions involving
convertible virtual currency, which is a
medium of exchange (such as
cryptocurrency) that either has an
equivalent value as currency, or acts as
a substitute for currency, but lacks legal
tender status. The Agencies further
intend that the revised proposal will
clarify that these rules apply to
domestic and cross-border transactions
involving digital assets that have legal
tender status.
Timetable:
Action
Date
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NPRM ..................
NPRM Comment
Period End.
Second NPRM ....
Second NPRM
Comment Period End.
10/27/20
11/27/20
FR Cite
85 FR 68005
12/00/22
02/00/23
Regulatory Flexibility Analysis
Required: Yes.
Agency Contact: FinCEN Regulatory
Support Section, Department of the
Treasury, Financial Crimes Enforcement
Network, P.O. Box 39, Vienna, VA
22183, Phone: 800 767–2825, Email:
frc@fincen.gov.
RIN: 1506–AB41
172. Section 6403. Corporate
Transparency Act [1506–AB49]
Legal Authority: 12 U.S.C. 1829b; 12
U.S.C. 1951 to 1959; 31 U.S.C. 5311 to
5314; 31 U.S.C. 5316 to 5336
Abstract: On December 8, 2021,
FinCEN issued a Notice of Proposed
Rulemaking (NPRM) entitled
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‘‘Beneficial Ownership Information
Reporting Requirements.’’ This related
to one of the subjects of FinCEN’s
Advance Notice of Proposed
Rulemaking (ANPRM) entitled
‘‘Beneficial Ownership Information
Reporting Requirements,’’ issued on
April 5, 2021, which was prompted by
the Corporate Transparency Act
(Sections 6401–6403 of the Anti-Money
Laundering Act of 2020 (the AML Act)).
Section 6403 amends the Bank Secrecy
Act by adding new Section 5336 to title
31 of the United States Code. New
Section 5336 requires FinCEN to issue
rules that: (i) require reporting
companies to submit certain
information about the individuals who
are beneficial owners of those entities
and the individuals who formed or
registered those entities; (ii) establish a
mechanism for issuing FinCEN
identifiers to entities and individuals
that request them; (iii) require FinCEN
to maintain the information in a
confidential, secure non-public
database; and (iv) authorize FinCEN to
disclose the information to certain
government agencies and financial
institutions for purposes specified in the
legislation and subject to protocols to
protect the confidentiality of the
information. Section 5336 requires that
the beneficial ownership information
(BOI) reporting regulation for legal
entities (the ‘‘reporting regulation’’), be
published in final form by January 1,
2022. Section 6403(d) of the Corporate
Transparency Act requires FinCEN also
to revise its customer due diligence
requirements for financial institutions to
account for the changes created by
FinCEN’s compliance with these other
requirements, and requires that these
revisions be finalized within one year
after the effective date of the reporting
regulation. The ANPRM solicited
comments on a wide range of questions
that concerned three rulemaking
actions: (i) the reporting regulation, (ii)
an access regulation focused on
authorizing FinCEN disclosure of BOI
and establishing confidentiality
protections for BOI being accessed, and
(iii) revisions to the CDD requirements.
The NPRM published on December 8,
2021 addressed only the first of these
actions, but the comments FinCEN
received related to all three subjects, as
well as addressing issues that concerned
the interaction of the three regulatory
actions and the shape and functionality
of the database that will be populated
with the information reported under
Section 5336. FinCEN is reviewing these
comments and considering the timing
and sequence of the regulatory actions
it will take to fulfill the requirements of
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Section 5336 in light of the issues of
regulatory interaction that the
comments raise.
Timetable:
Action
ANPRM ...............
ANPRM Comment
Period End.
NPRM ..................
NPRM Comment
Period End.
Analyzing Comments.
Date
FR Cite
04/05/21
05/05/21
86 FR 17557
12/08/21
02/07/22
86 FR 69920
06/00/22
Regulatory Flexibility Analysis
Required: Yes.
Agency Contact: FinCEN Regulatory
Support Section, Department of the
Treasury, Financial Crimes Enforcement
Network, P.O. Box 39, Vienna, VA
22183, Phone: 800 767–2825, Email:
frc@fincen.gov.
RIN: 1506–AB49
173. Section 6110. Bank Secrecy Act
Application to Dealers in Antiquities
and Assessment of Bank Secrecy Act
Application to Dealers in Arts [1506–
AB50]
Legal Authority: 12 U.S.C. 1829b; 12
U.S.C. 1951 to 1959; 31 U.S.C. 5311 to
5314; 31 U.S.C. 5316 to 5336
Abstract: FinCEN intends to issue a
Notice of Proposed Rulemaking in order
to implement Section 6110 of the AntiMoney Laundering Act of 2020 (the
AML Act). This section amends the
Bank Secrecy Act (31 U.S.C. 5312(a)(2))
to include as a financial institution a
person engaged in the trade of
antiquities, including an advisor,
consultant, or any other person who
engages as a business in the solicitation
or the sale of antiquities, subject to
regulations prescribed by the Secretary
of the Treasury. The section further
requires the Secretary of the Treasury to
issue proposed rules to implement the
amendment within 360 days of
enactment of the AML Act.
Timetable:
Action
ANPRM ...............
ANPRM Comment
Period End.
NPRM ..................
NPRM Comment
Period End.
Date
09/24/21
10/25/21
FR Cite
86 FR 53021
01/00/23
03/00/23
Regulatory Flexibility Analysis
Required: Yes.
Agency Contact: FinCEN Regulatory
Support Section, Department of the
Treasury, Financial Crimes Enforcement
Network, P.O. Box 39, Vienna, VA
22183, Phone: 800 767–2825, Email:
frc@fincen.gov.
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RIN: 1506–AB50
Action
174. Section 6101. Establishment of
National Exam and Supervision
Priorities [1506–AB52]
Legal Authority: 12 U.S.C. 1829b; 12
U.S.C. 1951 to 1959; 31 U.S.C. 5311 to
5314; 31 U.S.C. 5316 to 5336
Abstract: FinCEN intends to issue a
Notice of Proposed Rulemaking to
implement Section 6101 of the AntiMoney Laundering Act of 2020 (the
AML Act). That section, among other
things, amends section 5318(h) to title
31 of the United States Code to: (1)
require financial institutions to establish
countering the financing of terrorism
(CFT) in addition to AML programs; (2)
require FinCEN to establish national
AML/CFT priorities and, as appropriate,
promulgate implementing regulations
within 180 days of the issuance of those
priorities; and (3) provide that the duty
to establish, maintain, and enforce a
Bank Secrecy Act AML/CFT program
remains the responsibility of, and must
be performed by, persons in the United
States who are accessible to, and subject
to oversight and supervision by, the
Secretary of the Treasury and the
appropriate Federal functional
regulator. Additionally, FinCEN intends
to propose other changes, including
regulatory amendments to establish that
all financial institutions subject to an
AML/CFT program requirement must
maintain an effective and reasonably
designed AML/CFT program, and that
such a program must include a risk
assessment process.
Timetable:
Action
Date
NPRM ..................
NPRM Comment
Period End.
FR Cite
07/00/22
09/00/22
Regulatory Flexibility Analysis
Required: Yes.
Agency Contact: FinCEN Regulatory
Support Section, Department of the
Treasury, Financial Crimes Enforcement
Network, P.O. Box 39, Vienna, VA
22183, Phone: 800 767–2825, Email:
frc@fincen.gov.
RIN: 1506–AB52
ANPRM ...............
ANPRM Comment
Period End.
NPRM ..................
NPRM Comment
Period End.
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86 FR 69589
11/00/22
01/00/23
DEPARTMENT OF THE TREASURY
(TREAS)
Financial Crimes Enforcement Network
(FINCEN)
Final Rule Stage
176. Amendments of the Definition of
Broker or Dealer in Securities (Crowd
Funding) [1506–AB36]
Legal Authority: 12 U.S.C. 1829b; 12
U.S.C. 1951 to 1959; 31 U.S.C. 5311 to
5314; 31 U.S.C. 5316 to 5332
Abstract: FinCEN is finalizing
amendments to the regulatory
definitions of ‘‘broker or dealer in
securities’’ under the regulations
implementing the Bank Secrecy Act.
The changes are intended to expand the
current scope of the definitions to
include funding portals. In addition,
these amendments would require
funding portals to implement policies
and procedures reasonably designed to
achieve compliance with all of the Bank
Secrecy Act requirements that are
currently applicable to brokers or
dealers in securities. The rule to require
these organizations to comply with the
Bank Secrecy Act regulations is
intended to help prevent money
laundering, terrorist financing, and
other financial crimes.
Note: This is not a new requirement;
it replaces RINs 1506–AB24 and 1506–
AB29.
Timetable:
Action
Legal Authority: 12 U.S.C. 1829b; 12
U.S.C. 1951 to 1959; 31 U.S.C. 5311 to
5314; 31 U.S.C. 5316 to 5336
Abstract: FinCEN will issue a Notice
of Proposed Rulemaking (NPRM) to
propose a rule to address money
laundering threats in the U.S. real estate
sector.
Timetable:
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12/08/21
02/07/22
FR Cite
Regulatory Flexibility Analysis
Required: Yes.
Agency Contact: FinCEN Regulatory
Support Section, Department of the
Treasury, Financial Crimes Enforcement
Network, P.O. Box 39, Vienna, VA
22183, Phone: 800 767–2825, Email:
frc@fincen.gov.
RIN: 1506–AB54
175. Real Estate Transaction Reports
and Records [1506–AB54]
VerDate Sep<11>2014
Date
Date
NPRM ..................
NPRM Comment
Period End.
Final Action .........
04/04/16
06/03/16
FR Cite
81 FR 19086
05/00/23
Regulatory Flexibility Analysis
Required: Yes.
Agency Contact: FinCEN Regulatory
Support Section, Department of the
Treasury, Financial Crimes Enforcement
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Network, P.O. Box 39, Vienna, VA
22183, Phone: 800 767–2825, Email:
frc@fincen.gov.
RIN: 1506–AB36
177. Requirements for Certain
Transactions Involving Convertible
Virtual Currency or Digital Assets
[1506–AB47]
Legal Authority: 12 U.S.C. 1829b; 12
U.S.C. 1951 to 1959; 31 U.S.C. 5311 to
5314; 31 U.S.C. 5316 to 5336
Abstract: FinCEN is amending the
regulations implementing the Bank
Secrecy Act (BSA) to require banks and
money service businesses (MSBs) to
submit reports, keep records, and verify
the identity of customers in relation to
transactions involving convertible
virtual currency (CVC) or digital assets
with legal tender status (‘‘legal tender
digital assets’’ or ‘‘LTDA’’) held in
unhosted wallets, or held in wallets
hosted in a jurisdiction identified by
FinCEN.
Timetable:
Action
NPRM ..................
NPRM Comment
Period End.
Final Action .........
Date
12/23/20
01/04/21
FR Cite
85 FR 83840
03/00/23
Regulatory Flexibility Analysis
Required: Yes.
Agency Contact: FinCEN Regulatory
Support Section, Department of the
Treasury, Financial Crimes Enforcement
Network, P.O. Box 39, Vienna, VA
22183, Phone: 800 767–2825, Email:
frc@fincen.gov.
RIN: 1506–AB47
178. Section 6212. Pilot Program on
Sharing of Information Related to
Suspicious Activity Reports Within a
Financial Group [1506–AB51]
Legal Authority: 12 U.S.C. 1829b; 12
U.S.C. 1951 to 1959; 31 U.S.C. 5311 to
5314; 31 U.S.C. 5316 to 5336
Abstract: FinCEN intends to issue a
Final Rule in order to implement
Section 6212 of the Anti-Money
Laundering Act of 2020 (the AML Act).
This section amends the Bank Secrecy
Act (31 U.S.C. 5318(g)) to establish a
pilot program that permits financial
institutions to share suspicious activity
report (SAR) information with their
foreign branches, subsidiaries, and
affiliates for the purpose of combating
illicit finance risks. The section further
requires the Secretary of the Treasury to
issue rules to implement the
amendment within one year of
enactment of the AML Act.
Timetable:
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Action
Date
NPRM ..................
NPRM Comment
Period End.
Final Rule ............
01/25/22
03/28/22
DEPARTMENT OF THE TREASURY
(TREAS)
FR Cite
87 FR 3719
Final Action .........
Internal Revenue Service (IRS)
Final Rule Stage
12/00/22
Regulatory Flexibility Analysis
Required: Yes.
Agency Contact: FinCEN Regulatory
Support Section, Department of the
Treasury, Financial Crimes Enforcement
Network, P.O. Box 39, Vienna, VA
22183, Phone: 800 767–2825, Email:
frc@fincen.gov
RIN: 1506–AB51
BILLING CODE 4810–02–P
DEPARTMENT OF THE TREASURY
(TREAS)
180. Guidance on the Elimination of
Interbank Offered Rates [1545–BO91]
Legal Authority: 26 U.S.C. 1001b and
7805; 26 U.S.C. 7805
Abstract: The final regulations will
provide guidance on the tax
consequences of the phased elimination
of interbank offered rates (IBORs) that is
underway in the United States and
many foreign countries. Taxpayers have
requested guidance that addresses
whether a modification to a debt
instrument or other financial contract to
accommodate the elimination of the
relevant IBOR will be treated as a
realization event for federal income tax
purposes.
Timetable:
Customs Revenue Function (CUSTOMS)
Action
Final Rule Stage
179. Enforcement of Copyrights and the
Digital Millennium Copyright Act
[1515–AE26]
Legal Authority: Title III of the Trade
Facilitation and Trade Enforcement Act
of 2015 (Pub. L. 114–125); 19 U.S.C.
1595a(c)(2)(G); 19 U.S.C. 1624
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
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NPRM ..................
NPRM Comment
Period End.
Final Rule ............
10/16/19
12/16/19
FR Cite
84 FR 55251
10/00/22
Regulatory Flexibility Analysis
Required: Yes.
Agency Contact: Alaina Van Horn,
Chief, Intellectual Property Enforcement
Branch, Department of the Treasury,
Customs Revenue Function, 1331
Pennsylvania Avenue NW, Washington,
DC 20229, Phone: 202 325–0083, Email:
alaina.vanhorn@cbp.dhs.gov.
RIN: 1515–AE26
BILLING CODE 9111–14–P
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Date
NPRM ..................
NPRM Comment
Period End.
Final Action (TD
9961).
Final Action Effective.
Final Action .........
FR Cite
10/09/19
11/25/19
84 FR 54068
01/04/22
87 FR 166
03/07/22
12/00/22
Regulatory Flexibility Analysis
Required: Yes.
Agency Contact: Caitlin Holzem,
Attorney, Department of the Treasury,
Internal Revenue Service, 1111
Constitution Avenue NW, Room 3547,
Washington, DC 20224, Phone: 202 317–
7036, Fax: 855 574–9023, Email:
caitlin.i.holzem@irscounsel.treas.gov.
RIN: 1545–BO91
181. Section 42 Low-Income Housing
Credit Average Income Test
Regulations [1545–BO92]
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 ..................
NPRM Comment
Period End.
NPRM; Correction
and Notice of
Public Hearing.
Public Hearing .....
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10/30/20
12/29/20
85 FR 68816
02/03/21
86 FR 8271
03/24/21
Fmt 4701
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Action
Date
48327
FR Cite
10/00/22
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:
dillon.j.taylor@irscounsel.treas.gov.
RIN: 1545–BO92
182. MEPs and the Unified Plan Rule
[1545–BO97]
Legal Authority: 26 U.S.C. 7805; 26
U.S.C. 413
Abstract: These proposed regulations
provide guidance relating to the tax
qualification of multiple employer plans
(MEPs) described in section 413(e) of
the Internal Revenue Code (Code). The
proposed regulations would provide an
exception, if certain requirements are
met, to the application of the ‘‘unified
plan rule’’ for section 413(e) MEPs in
the event of a failure by one or more
participating employers to take actions
required of them to satisfy the
requirements of section 401(a) or 408 of
the Code. The regulations affect
participants in MEPs, MEP sponsors and
administrators, and employers
maintaining MEPs.
Timetable:
Action
NPRM ..................
NPRM Comment
Period End.
Second NPRM ....
Second NPRM
Comment Period End.
Final Action .........
Date
FR Cite
07/03/19
10/01/19
84 FR 31777
03/28/22
05/27/22
87 FR 17225
12/00/22
Regulatory Flexibility Analysis
Required: Yes.
Agency Contact: Thomas C. Morgan,
Department of the Treasury, Internal
Revenue Service, 1111 Constitution
Avenue NW, Washington, DC 20224,
Phone: 202 317–6391, Fax: 855 604–
6086, Email: thomas.c.morgan@
irscounsel.treas.gov.
RIN: 1545–BO97
183. Requirements Related to Surprise
Billing, Part 1 [1545–BQ01]
Legal Authority: 26 U.S.C. 7805; Pub.
L. 116–260, Division BB, Title I and
Title II
Abstract: The regulations implement
the protections against surprise medical
bills under the No Surprises Act,
including requirements on group health
plans, issuers offering group or
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individual health insurance coverage,
providers, facilities, and providers of air
ambulance services.
Timetable:
Action
Date
NPRM ..................
NPRM Comment
Period End.
Final Action .........
07/13/21
09/13/21
FR Cite
86 FR 36870
12/00/22
Regulatory Flexibility Analysis
Required: Yes.
Agency Contact: Kari L. DiCecco,
General Attorney (Tax), Department of
the Treasury, Internal Revenue Service,
1111 Constitution Avenue NW, Room
5712, Washington, DC 20224, Phone:
202 317–5500, Email: kari.l.dicecco@
irscounsel.treas.gov.
RIN: 1545–BQ01
184. Requirements Related to Surprise
Billing, Part 2 [1545–BQ02]
Legal Authority: 26 U.S.C. 7805; Pub.
L. 116–260, Division BB, Title I and
Title II
Abstract: The regulations would
implement additional protections
against surprise medical bills under the
No Surprises Act, including provisions
related to the independent dispute
resolution process.
Timetable:
Action
Date
NPRM ..................
NPRM Comment
Period End.
Final Action .........
10/07/21
12/06/21
FR Cite
86 FR 55980
06/00/22
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Regulatory Flexibility Analysis
Required: Yes.
Agency Contact: Kari L. DiCecco,
General Attorney (Tax), Department of
the Treasury, Internal Revenue Service,
1111 Constitution Avenue NW, Room
5712, Washington, DC 20224, Phone:
202 317–5500, Email: kari.l.dicecco@
irscounsel.treas.gov.
RIN: 1545–BQ02
VerDate Sep<11>2014
22:03 Aug 05, 2022
Jkt 256001
185. Requirements Related to Surprise
Billing, Part 1 (Temporary Regulation)
[1545–BQ04]
Legal Authority: 26 U.S.C. 7805; Pub.
L. 116–260, Division BB, Title I and
Title II
Abstract: This temporary regulation
implements the protections against
surprise medical bills under the No
Surprises Act.
Timetable:
Action
Date
Temporary Regulation.
Temporary Regulation Effective.
Final Action .........
07/13/21
FR Cite
86 FR 36872
12/00/22
Regulatory Flexibility Analysis
Required: Yes.
Agency Contact: Kari L. DiCecco,
General Attorney (Tax), Department of
the Treasury, Internal Revenue Service,
1111 Constitution Avenue NW, Room
5712, Washington, DC 20224, Phone:
202 317–5500, Email: kari.l.dicecco@
irscounsel.treas.gov.
RIN: 1545–BQ04
186. Requirements Related to Surprise
Billing, Part 2 (Temporary Regulation)
[1545–BQ05]
Legal Authority: 26 U.S.C. 7805; Pub.
L. 116–260, Division BB, Title I and
Title II
Abstract: This temporary regulation
would implement additional protections
against surprise medical bills under the
No Surprises Act and certain provisions
related to Title II of Division BB of the
Consolidated Appropriations Act.
Timetable:
Date
Temporary Rule ..
Temporary Rule
Effective.
Temporary Rule
Comment Period End.
PO 00000
Frm 00006
10/07/21
10/07/21
FR Cite
86 FR 55980
12/06/21
Fmt 4701
Removal of Temporary Action.
Date
FR Cite
06/00/22
Regulatory Flexibility Analysis
Required: Yes.
Agency Contact: Kari L. DiCecco,
General Attorney (Tax), Department of
the Treasury, Internal Revenue Service,
1111 Constitution Avenue NW, Room
5712, Washington, DC 20224, Phone:
202 317–5500, Email: kari.l.dicecco@
irscounsel.treas.gov.
RIN: 1545–BQ05
187. Information Reporting of Health
Insurance Coverage and Other Issues
Under Sections 6055 and 6056 [1545–
BQ11]
09/13/21
Action
Action
Legal Authority: 26 U.S.C. 7805; 26
U.S.C. 5000A; 26 U.S.C. 6056
Abstract: These regulations revise
notice and filing requirements under
sections 6055 and 6056 of the Internal
Revenue Code. The regulations are
needed to provide health coverage
reporters an extension of time in which
to furnish certain statements and an
alternative manner of allowing certain
health coverage reporters to provide
information to covered individuals.
Timetable:
Action
NPRM ..................
NPRM Comment
Period End.
Final Action .........
Date
12/06/21
02/04/22
FR Cite
86 FR 68939
12/00/22
Regulatory Flexibility Analysis
Required: Yes.
Agency Contact: Gerald Semasek,
Attorney, Department of the Treasury,
Internal Revenue Service, 1111
Constitution Avenue NW, Washington,
DC 20024, Phone: 202 317–7006, Fax:
855 576–2339, Email: gerald.semasek@
irscounsel.treas.gov.
RIN: 1545–BQ11
[FR Doc. 2022–14609 Filed 8–5–22; 8:45 am]
BILLING CODE 4810–01–P
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]]>Agencies
[Federal Register Volume 87, Number 151 (Monday, August 8, 2022)]
[Unknown Section]
[Pages 48324-48328]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-14609]
[[Page 48323]]
Vol. 87
Monday,
No. 151
August 8, 2022
Part XIV
Department of Treasury
-----------------------------------------------------------------------
Semiannual Regulatory Agenda
Federal Register / Vol. 87 , No. 151 / Monday, August 8, 2022 / UA:
Reg Flex Agenda
[[Page 48324]]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
31 CFR Subtitles A and B
Semiannual Agenda
AGENCY: Department of the Treasury.
ACTION: Semiannual regulatory agenda.
-----------------------------------------------------------------------
SUMMARY: This notice is given pursuant to the requirements of the
Regulatory Flexibility Act and Executive Order 12866 (``Regulatory
Planning and Review''), which require the publication by the Department
of a semiannual agenda of regulations.
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.
Beginning with the fall 2007 edition, the internet has been the
primary medium for disseminating 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 available on the internet.
The semiannual agenda of the Department of the Treasury conforms to
the Unified Agenda format developed by the Regulatory Information
Service Center (RISC).
Michael Briskin,
Deputy Assistant General Counsel for General Law and Regulation.
Financial Crimes Enforcement Network--Proposed Rule Stage
------------------------------------------------------------------------
Regulation
Sequence No. Title Identifier No.
------------------------------------------------------------------------
171....................... Clarification of the 1506-AB41
Requirement to Collect,
Retain, and Transmit
Information on
Transactions Involving
Convertible Virtual
Currencies and Digital
Assets With Legal Tender
Status.
172....................... Section 6403. Corporate 1506-AB49
Transparency Act.
173....................... Section 6110. Bank Secrecy 1506-AB50
Act Application to
Dealers in Antiquities
and Assessment of Bank
Secrecy Act Application
to Dealers in Arts.
174....................... Section 6101. 1506-AB52
Establishment of National
Exam and Supervision
Priorities.
175....................... Real Estate Transaction 1506-AB54
Reports and Records.
------------------------------------------------------------------------
Financial Crimes Enforcement Network--Final Rule Stage
------------------------------------------------------------------------
Regulation
Sequence No. Title Identifier No.
------------------------------------------------------------------------
176....................... Amendments of the 1506-AB36
Definition of Broker or
Dealer in Securities
(Crowd Funding).
177....................... Requirements for Certain 1506-AB47
Transactions Involving
Convertible Virtual
Currency or Digital
Assets.
178....................... Section 6212. Pilot 1506-AB51
Program on Sharing of
Information Related to
Suspicious Activity
Reports Within a
Financial Group.
------------------------------------------------------------------------
Customs Revenue Function--Final Rule Stage
------------------------------------------------------------------------
Regulation
Sequence No. Title Identifier No.
------------------------------------------------------------------------
179....................... Enforcement of Copyrights 1515-AE26
and the Digital
Millennium Copyright Act.
------------------------------------------------------------------------
Internal Revenue Service--Final Rule Stage
------------------------------------------------------------------------
Regulation
Sequence No. Title Identifier No.
------------------------------------------------------------------------
180....................... Guidance on the 1545-BO91
Elimination of Interbank
Offered Rates.
181....................... Section 42. Low-Income 1545-BO92
Housing Credit Average
Income Test Regulations.
182....................... MEPs and the Unified Plan 1545-BO97
Rule.
183....................... Requirements Related to 1545-BQ01
Surprise Billing, Part 1.
184....................... Requirements Related to 1545-BQ02
Surprise Billing, Part 2.
185....................... Requirements Related to 1545-BQ04
Surprise Billing, Part 1
(Temporary Regulation).
186....................... Requirements Related to 1545-BQ05
Surprise Billing, Part 2
(Temporary Regulation).
187....................... Information Reporting of 1545-BQ11
Health Insurance Coverage
and Other Issues Under
Sections 6055 and 6056.
------------------------------------------------------------------------
[[Page 48325]]
DEPARTMENT OF THE TREASURY (TREAS)
Financial Crimes Enforcement Network (FINCEN)
Proposed Rule Stage
171. Clarification of the Requirement To Collect, Retain, and Transmit
Information on Transactions Involving Convertible Virtual Currencies
and Digital Assets With Legal Tender Status [1506-AB41]
Legal Authority: 12 U.S.C. 1829b; 12 U.S.C. 1951 to 1959; 31 U.S.C.
5311 to 5314; 31 U.S.C. 5316 to 5336
Abstract: The Board of Governors of the Federal Reserve System and
FinCEN (collectively, the ``Agencies'') intend to issue a revised
proposal to clarify the meaning of ``money'' as used in the rules
implementing the Bank Secrecy Act requiring financial institutions to
collect, retain, and transmit information on certain funds transfers
and transmittals of funds. The Agencies intend that the revised
proposal will ensure that the rules apply to domestic and cross-border
transactions involving convertible virtual currency, which is a medium
of exchange (such as cryptocurrency) that either has an equivalent
value as currency, or acts as a substitute for currency, but lacks
legal tender status. The Agencies further intend that the revised
proposal will clarify that these rules apply to domestic and cross-
border transactions involving digital assets that have legal tender
status.
Timetable:
------------------------------------------------------------------------
Action Date FR Cite
------------------------------------------------------------------------
NPRM................................ 10/27/20 85 FR 68005
NPRM Comment Period End............. 11/27/20
Second NPRM......................... 12/00/22
Second NPRM Comment Period End...... 02/00/23
------------------------------------------------------------------------
Regulatory Flexibility Analysis Required: Yes.
Agency Contact: FinCEN Regulatory Support Section, Department of
the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,
Vienna, VA 22183, Phone: 800 767-2825, Email: [email protected].
RIN: 1506-AB41
172. Section 6403. Corporate Transparency Act [1506-AB49]
Legal Authority: 12 U.S.C. 1829b; 12 U.S.C. 1951 to 1959; 31 U.S.C.
5311 to 5314; 31 U.S.C. 5316 to 5336
Abstract: On December 8, 2021, FinCEN issued a Notice of Proposed
Rulemaking (NPRM) entitled ``Beneficial Ownership Information Reporting
Requirements.'' This related to one of the subjects of FinCEN's Advance
Notice of Proposed Rulemaking (ANPRM) entitled ``Beneficial Ownership
Information Reporting Requirements,'' issued on April 5, 2021, which
was prompted by the Corporate Transparency Act (Sections 6401-6403 of
the Anti-Money Laundering Act of 2020 (the AML Act)). Section 6403
amends the Bank Secrecy Act by adding new Section 5336 to title 31 of
the United States Code. New Section 5336 requires FinCEN to issue rules
that: (i) require reporting companies to submit certain information
about the individuals who are beneficial owners of those entities and
the individuals who formed or registered those entities; (ii) establish
a mechanism for issuing FinCEN identifiers to entities and individuals
that request them; (iii) require FinCEN to maintain the information in
a confidential, secure non-public database; and (iv) authorize FinCEN
to disclose the information to certain government agencies and
financial institutions for purposes specified in the legislation and
subject to protocols to protect the confidentiality of the information.
Section 5336 requires that the beneficial ownership information (BOI)
reporting regulation for legal entities (the ``reporting regulation''),
be published in final form by January 1, 2022. Section 6403(d) of the
Corporate Transparency Act requires FinCEN also to revise its customer
due diligence requirements for financial institutions to account for
the changes created by FinCEN's compliance with these other
requirements, and requires that these revisions be finalized within one
year after the effective date of the reporting regulation. The ANPRM
solicited comments on a wide range of questions that concerned three
rulemaking actions: (i) the reporting regulation, (ii) an access
regulation focused on authorizing FinCEN disclosure of BOI and
establishing confidentiality protections for BOI being accessed, and
(iii) revisions to the CDD requirements. The NPRM published on December
8, 2021 addressed only the first of these actions, but the comments
FinCEN received related to all three subjects, as well as addressing
issues that concerned the interaction of the three regulatory actions
and the shape and functionality of the database that will be populated
with the information reported under Section 5336. FinCEN is reviewing
these comments and considering the timing and sequence of the
regulatory actions it will take to fulfill the requirements of Section
5336 in light of the issues of regulatory interaction that the comments
raise.
Timetable:
------------------------------------------------------------------------
Action Date FR Cite
------------------------------------------------------------------------
ANPRM............................... 04/05/21 86 FR 17557
ANPRM Comment Period End............ 05/05/21
NPRM................................ 12/08/21 86 FR 69920
NPRM Comment Period End............. 02/07/22
Analyzing Comments.................. 06/00/22
------------------------------------------------------------------------
Regulatory Flexibility Analysis Required: Yes.
Agency Contact: FinCEN Regulatory Support Section, Department of
the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,
Vienna, VA 22183, Phone: 800 767-2825, Email: [email protected].
RIN: 1506-AB49
173. Section 6110. Bank Secrecy Act Application to Dealers in
Antiquities and Assessment of Bank Secrecy Act Application to Dealers
in Arts [1506-AB50]
Legal Authority: 12 U.S.C. 1829b; 12 U.S.C. 1951 to 1959; 31 U.S.C.
5311 to 5314; 31 U.S.C. 5316 to 5336
Abstract: FinCEN intends to issue a Notice of Proposed Rulemaking
in order to implement Section 6110 of the Anti-Money Laundering Act of
2020 (the AML Act). This section amends the Bank Secrecy Act (31 U.S.C.
5312(a)(2)) to include as a financial institution a person engaged in
the trade of antiquities, including an advisor, consultant, or any
other person who engages as a business in the solicitation or the sale
of antiquities, subject to regulations prescribed by the Secretary of
the Treasury. The section further requires the Secretary of the
Treasury to issue proposed rules to implement the amendment within 360
days of enactment of the AML Act.
Timetable:
------------------------------------------------------------------------
Action Date FR Cite
------------------------------------------------------------------------
ANPRM............................... 09/24/21 86 FR 53021
ANPRM Comment Period End............ 10/25/21
NPRM................................ 01/00/23
NPRM Comment Period End............. 03/00/23
------------------------------------------------------------------------
Regulatory Flexibility Analysis Required: Yes.
Agency Contact: FinCEN Regulatory Support Section, Department of
the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,
Vienna, VA 22183, Phone: 800 767-2825, Email: [email protected].
[[Page 48326]]
RIN: 1506-AB50
174. Section 6101. Establishment of National Exam and Supervision
Priorities [1506-AB52]
Legal Authority: 12 U.S.C. 1829b; 12 U.S.C. 1951 to 1959; 31 U.S.C.
5311 to 5314; 31 U.S.C. 5316 to 5336
Abstract: FinCEN intends to issue a Notice of Proposed Rulemaking
to implement Section 6101 of the Anti-Money Laundering Act of 2020 (the
AML Act). That section, among other things, amends section 5318(h) to
title 31 of the United States Code to: (1) require financial
institutions to establish countering the financing of terrorism (CFT)
in addition to AML programs; (2) require FinCEN to establish national
AML/CFT priorities and, as appropriate, promulgate implementing
regulations within 180 days of the issuance of those priorities; and
(3) provide that the duty to establish, maintain, and enforce a Bank
Secrecy Act AML/CFT program remains the responsibility of, and must be
performed by, persons in the United States who are accessible to, and
subject to oversight and supervision by, the Secretary of the Treasury
and the appropriate Federal functional regulator. Additionally, FinCEN
intends to propose other changes, including regulatory amendments to
establish that all financial institutions subject to an AML/CFT program
requirement must maintain an effective and reasonably designed AML/CFT
program, and that such a program must include a risk assessment
process.
Timetable:
------------------------------------------------------------------------
Action Date FR Cite
------------------------------------------------------------------------
NPRM................................ 07/00/22
NPRM Comment Period End............. 09/00/22
------------------------------------------------------------------------
Regulatory Flexibility Analysis Required: Yes.
Agency Contact: FinCEN Regulatory Support Section, Department of
the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,
Vienna, VA 22183, Phone: 800 767-2825, Email: [email protected].
RIN: 1506-AB52
175. Real Estate Transaction Reports and Records [1506-AB54]
Legal Authority: 12 U.S.C. 1829b; 12 U.S.C. 1951 to 1959; 31 U.S.C.
5311 to 5314; 31 U.S.C. 5316 to 5336
Abstract: FinCEN will issue a Notice of Proposed Rulemaking (NPRM)
to propose a rule to address money laundering threats in the U.S. real
estate sector.
Timetable:
------------------------------------------------------------------------
Action Date FR Cite
------------------------------------------------------------------------
ANPRM............................... 12/08/21 86 FR 69589
ANPRM Comment Period End............ 02/07/22
NPRM................................ 11/00/22
NPRM Comment Period End............. 01/00/23
------------------------------------------------------------------------
Regulatory Flexibility Analysis Required: Yes.
Agency Contact: FinCEN Regulatory Support Section, Department of
the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,
Vienna, VA 22183, Phone: 800 767-2825, Email: [email protected].
RIN: 1506-AB54
DEPARTMENT OF THE TREASURY (TREAS)
Financial Crimes Enforcement Network (FINCEN)
Final Rule Stage
176. Amendments of the Definition of Broker or Dealer in Securities
(Crowd Funding) [1506-AB36]
Legal Authority: 12 U.S.C. 1829b; 12 U.S.C. 1951 to 1959; 31 U.S.C.
5311 to 5314; 31 U.S.C. 5316 to 5332
Abstract: FinCEN is finalizing amendments to the regulatory
definitions of ``broker or dealer in securities'' under the regulations
implementing the Bank Secrecy Act. The changes are intended to expand
the current scope of the definitions to include funding portals. In
addition, these amendments would require funding portals to implement
policies and procedures reasonably designed to achieve compliance with
all of the Bank Secrecy Act requirements that are currently applicable
to brokers or dealers in securities. The rule to require these
organizations to comply with the Bank Secrecy Act regulations is
intended to help prevent money laundering, terrorist financing, and
other financial crimes.
Note: This is not a new requirement; it replaces RINs 1506-AB24 and
1506-AB29.
Timetable:
------------------------------------------------------------------------
Action Date FR Cite
------------------------------------------------------------------------
NPRM................................ 04/04/16 81 FR 19086
NPRM Comment Period End............. 06/03/16
Final Action........................ 05/00/23
------------------------------------------------------------------------
Regulatory Flexibility Analysis Required: Yes.
Agency Contact: FinCEN Regulatory Support Section, Department of
the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,
Vienna, VA 22183, Phone: 800 767-2825, Email: [email protected].
RIN: 1506-AB36
177. Requirements for Certain Transactions Involving Convertible
Virtual Currency or Digital Assets [1506-AB47]
Legal Authority: 12 U.S.C. 1829b; 12 U.S.C. 1951 to 1959; 31 U.S.C.
5311 to 5314; 31 U.S.C. 5316 to 5336
Abstract: FinCEN is amending the regulations implementing the Bank
Secrecy Act (BSA) to require banks and money service businesses (MSBs)
to submit reports, keep records, and verify the identity of customers
in relation to transactions involving convertible virtual currency
(CVC) or digital assets with legal tender status (``legal tender
digital assets'' or ``LTDA'') held in unhosted wallets, or held in
wallets hosted in a jurisdiction identified by FinCEN.
Timetable:
------------------------------------------------------------------------
Action Date FR Cite
------------------------------------------------------------------------
NPRM................................ 12/23/20 85 FR 83840
NPRM Comment Period End............. 01/04/21
Final Action........................ 03/00/23
------------------------------------------------------------------------
Regulatory Flexibility Analysis Required: Yes.
Agency Contact: FinCEN Regulatory Support Section, Department of
the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,
Vienna, VA 22183, Phone: 800 767-2825, Email: [email protected].
RIN: 1506-AB47
178. Section 6212. Pilot Program on Sharing of Information Related to
Suspicious Activity Reports Within a Financial Group [1506-AB51]
Legal Authority: 12 U.S.C. 1829b; 12 U.S.C. 1951 to 1959; 31 U.S.C.
5311 to 5314; 31 U.S.C. 5316 to 5336
Abstract: FinCEN intends to issue a Final Rule in order to
implement Section 6212 of the Anti-Money Laundering Act of 2020 (the
AML Act). This section amends the Bank Secrecy Act (31 U.S.C. 5318(g))
to establish a pilot program that permits financial institutions to
share suspicious activity report (SAR) information with their foreign
branches, subsidiaries, and affiliates for the purpose of combating
illicit finance risks. The section further requires the Secretary of
the Treasury to issue rules to implement the amendment within one year
of enactment of the AML Act.
Timetable:
[[Page 48327]]
------------------------------------------------------------------------
Action Date FR Cite
------------------------------------------------------------------------
NPRM................................ 01/25/22 87 FR 3719
NPRM Comment Period End............. 03/28/22
Final Rule.......................... 12/00/22
------------------------------------------------------------------------
Regulatory Flexibility Analysis Required: Yes.
Agency Contact: FinCEN Regulatory Support Section, Department of
the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,
Vienna, VA 22183, Phone: 800 767-2825, Email: [email protected]
RIN: 1506-AB51
BILLING CODE 4810-02-P
DEPARTMENT OF THE TREASURY (TREAS)
Customs Revenue Function (CUSTOMS)
Final Rule Stage
179. Enforcement of Copyrights and the Digital Millennium Copyright Act
[1515-AE26]
Legal Authority: Title III of the Trade Facilitation and Trade
Enforcement Act of 2015 (Pub. L. 114-125); 19 U.S.C. 1595a(c)(2)(G); 19
U.S.C. 1624
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................................ 10/16/19 84 FR 55251
NPRM Comment Period End............. 12/16/19
Final Rule.......................... 10/00/22
------------------------------------------------------------------------
Regulatory Flexibility Analysis Required: Yes.
Agency Contact: Alaina Van Horn, Chief, Intellectual Property
Enforcement Branch, Department of the Treasury, Customs Revenue
Function, 1331 Pennsylvania Avenue NW, Washington, DC 20229, Phone: 202
325-0083, Email: [email protected].
RIN: 1515-AE26
BILLING CODE 9111-14-P
DEPARTMENT OF THE TREASURY (TREAS)
Internal Revenue Service (IRS)
Final Rule Stage
180. Guidance on the Elimination of Interbank Offered Rates [1545-BO91]
Legal Authority: 26 U.S.C. 1001b and 7805; 26 U.S.C. 7805
Abstract: The final regulations will provide guidance on the tax
consequences of the phased elimination of interbank offered rates
(IBORs) that is underway in the United States and many foreign
countries. Taxpayers have requested guidance that addresses whether a
modification to a debt instrument or other financial contract to
accommodate the elimination of the relevant IBOR will be treated as a
realization event for federal income tax purposes.
Timetable:
------------------------------------------------------------------------
Action Date FR Cite
------------------------------------------------------------------------
NPRM................................ 10/09/19 84 FR 54068
NPRM Comment Period End............. 11/25/19
Final Action (TD 9961).............. 01/04/22 87 FR 166
Final Action Effective.............. 03/07/22
Final Action........................ 12/00/22
------------------------------------------------------------------------
Regulatory Flexibility Analysis Required: Yes.
Agency Contact: Caitlin Holzem, Attorney, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room
3547, Washington, DC 20224, Phone: 202 317-7036, Fax: 855 574-9023,
Email: [email protected].
RIN: 1545-BO91
181. Section 42 Low-Income Housing Credit Average Income Test
Regulations [1545-BO92]
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................................ 10/30/20 85 FR 68816
NPRM Comment Period End............. 12/29/20
NPRM; Correction and Notice of 02/03/21 86 FR 8271
Public Hearing.
Public Hearing...................... 03/24/21
Final Action........................ 10/00/22
------------------------------------------------------------------------
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
182. MEPs and the Unified Plan Rule [1545-BO97]
Legal Authority: 26 U.S.C. 7805; 26 U.S.C. 413
Abstract: These proposed regulations provide guidance relating to
the tax qualification of multiple employer plans (MEPs) described in
section 413(e) of the Internal Revenue Code (Code). The proposed
regulations would provide an exception, if certain requirements are
met, to the application of the ``unified plan rule'' for section 413(e)
MEPs in the event of a failure by one or more participating employers
to take actions required of them to satisfy the requirements of section
401(a) or 408 of the Code. 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
Second NPRM......................... 03/28/22 87 FR 17225
Second NPRM Comment Period End...... 05/27/22
Final Action........................ 12/00/22
------------------------------------------------------------------------
Regulatory Flexibility Analysis Required: Yes.
Agency Contact: Thomas C. Morgan, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC
20224, Phone: 202 317-6391, Fax: 855 604-6086, Email:
[email protected].
RIN: 1545-BO97
183. Requirements Related to Surprise Billing, Part 1 [1545-BQ01]
Legal Authority: 26 U.S.C. 7805; Pub. L. 116-260, Division BB,
Title I and Title II
Abstract: The regulations implement the protections against
surprise medical bills under the No Surprises Act, including
requirements on group health plans, issuers offering group or
[[Page 48328]]
individual health insurance coverage, providers, facilities, and
providers of air ambulance services.
Timetable:
------------------------------------------------------------------------
Action Date FR Cite
------------------------------------------------------------------------
NPRM................................ 07/13/21 86 FR 36870
NPRM Comment Period End............. 09/13/21
Final Action........................ 12/00/22
------------------------------------------------------------------------
Regulatory Flexibility Analysis Required: Yes.
Agency Contact: Kari L. DiCecco, General Attorney (Tax), Department
of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Room 5712, Washington, DC 20224, Phone: 202 317-5500, Email:
[email protected].
RIN: 1545-BQ01
184. Requirements Related to Surprise Billing, Part 2 [1545-BQ02]
Legal Authority: 26 U.S.C. 7805; Pub. L. 116-260, Division BB,
Title I and Title II
Abstract: The regulations would implement additional protections
against surprise medical bills under the No Surprises Act, including
provisions related to the independent dispute resolution process.
Timetable:
------------------------------------------------------------------------
Action Date FR Cite
------------------------------------------------------------------------
NPRM................................ 10/07/21 86 FR 55980
NPRM Comment Period End............. 12/06/21
Final Action........................ 06/00/22
------------------------------------------------------------------------
Regulatory Flexibility Analysis Required: Yes.
Agency Contact: Kari L. DiCecco, General Attorney (Tax), Department
of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Room 5712, Washington, DC 20224, Phone: 202 317-5500, Email:
[email protected].
RIN: 1545-BQ02
185. Requirements Related to Surprise Billing, Part 1 (Temporary
Regulation) [1545-BQ04]
Legal Authority: 26 U.S.C. 7805; Pub. L. 116-260, Division BB,
Title I and Title II
Abstract: This temporary regulation implements the protections
against surprise medical bills under the No Surprises Act.
Timetable:
------------------------------------------------------------------------
Action Date FR Cite
------------------------------------------------------------------------
Temporary Regulation................ 07/13/21 86 FR 36872
Temporary Regulation Effective...... 09/13/21
Final Action........................ 12/00/22
------------------------------------------------------------------------
Regulatory Flexibility Analysis Required: Yes.
Agency Contact: Kari L. DiCecco, General Attorney (Tax), Department
of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Room 5712, Washington, DC 20224, Phone: 202 317-5500, Email:
[email protected].
RIN: 1545-BQ04
186. Requirements Related to Surprise Billing, Part 2 (Temporary
Regulation) [1545-BQ05]
Legal Authority: 26 U.S.C. 7805; Pub. L. 116-260, Division BB,
Title I and Title II
Abstract: This temporary regulation would implement additional
protections against surprise medical bills under the No Surprises Act
and certain provisions related to Title II of Division BB of the
Consolidated Appropriations Act.
Timetable:
------------------------------------------------------------------------
Action Date FR Cite
------------------------------------------------------------------------
Temporary Rule...................... 10/07/21 86 FR 55980
Temporary Rule Effective............ 10/07/21
Temporary Rule Comment Period End... 12/06/21
Removal of Temporary Action......... 06/00/22
------------------------------------------------------------------------
Regulatory Flexibility Analysis Required: Yes.
Agency Contact: Kari L. DiCecco, General Attorney (Tax), Department
of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Room 5712, Washington, DC 20224, Phone: 202 317-5500, Email:
[email protected].
RIN: 1545-BQ05
187. Information Reporting of Health Insurance Coverage and Other
Issues Under Sections 6055 and 6056 [1545-BQ11]
Legal Authority: 26 U.S.C. 7805; 26 U.S.C. 5000A; 26 U.S.C. 6056
Abstract: These regulations revise notice and filing requirements
under sections 6055 and 6056 of the Internal Revenue Code. The
regulations are needed to provide health coverage reporters an
extension of time in which to furnish certain statements and an
alternative manner of allowing certain health coverage reporters to
provide information to covered individuals.
Timetable:
------------------------------------------------------------------------
Action Date FR Cite
------------------------------------------------------------------------
NPRM................................ 12/06/21 86 FR 68939
NPRM Comment Period End............. 02/04/22
Final Action........................ 12/00/22
------------------------------------------------------------------------
Regulatory Flexibility Analysis Required: Yes.
Agency Contact: Gerald Semasek, Attorney, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20024, Phone: 202 317-7006, Fax: 855 576-2339, Email:
[email protected].
RIN: 1545-BQ11
[FR Doc. 2022-14609 Filed 8-5-22; 8:45 am]
BILLING CODE 4810-01-P
