Publication of Russian Harmful Foreign Activities Sanctions Regulations Web General License 73, 76665-76666 [2023-23918]
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Federal Register / Vol. 88, No. 214 / Tuesday, November 7, 2023 / Rules and Regulations
payments described in § 4262.15(b), the
amount described in this paragraph
(g)(2)(ix)(A) is, as of the end of the
determination year—
(1) The total amount of special
financial assistance paid to the plan
under § 4262.12 (as determined under
§ 4262.12(a) or (b), or under § 4262.12(b)
and (c) for plans paid under a
supplemented application, as
applicable), minus the amount paid to
PBGC under § 4262.12(e), as of the end
of the determination year;
(2) Multiplied by a fraction, the
numerator of which is the number of
years determined under paragraph
(g)(2)(x) of this section as of the end of
the determination year and the
denominator of which is the number of
years determined under paragraph
(g)(2)(xi) of this section as of the end of
the determination year.
(B) Plans required to pay make-up
payments. For plans required to pay
make-up payments described in
§ 4262.15(b), the amount described in
this paragraph (g)(2)(ix)(B) is, as of the
end of the determination year—
(1) The total amount of special
financial assistance paid to the plan
under § 4262.12 (as determined under
§ 4262.12(a) or (b), or under § 4262.12(b)
and (c) for plans paid under a
supplemented application, as
applicable), minus the amount paid to
PBGC under § 4262.12(e), and minus the
amount of make-up payments paid by
the plan to participants and
beneficiaries under § 4262.15(b)
whether the payments are made from
SFA assets or non-SFA assets, as of the
end of the determination year;
(2) Multiplied by a fraction, the
numerator of which is the number of
years determined under paragraph
(g)(2)(x) of this section as of the end of
the determination year and the
denominator of which is the number of
years determined under paragraph
(g)(2)(xi) of this section as of the end of
the determination year.
*
*
*
*
*
(xvi) * * *
(D) Example 4. In plan year 2022, Plan
D received an SFA payment amount of
$50,000,000 (not including the amount
paid to PBGC for repayment of
traditional financial assistance) and a
supplemented SFA payment amount of
$30,000,000. A total of $20,000,000 in
lump-sum make-up payments were paid
by Plan D in plan year 2022. An
employer withdraws in 2023. At the end
of the determination year (2022), the
amount of SFA required to be excluded
from assets equals $60,000,000
($50,000,000 + $30,000,000—
$20,000,000). If, instead, the make-up
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payments were paid by Plan D in plan
year 2023, the amount of SFA required
to be excluded from assets at the end of
the determination year (2022) would
equal $80,000,000. Under this scenario,
Plan D’s unfunded vested benefit
liability would be the same at the end
of the determination year because the
additional $20,000,000 of SFA required
to be excluded from assets offsets the
$20,000,000 in SFA that the plan still
holds for make-up payments but has not
yet distributed as of the end of the
determination year. Similarly, if the
employer withdraws in 2024, the makeup payments were paid in 2023, and the
phase-in fraction was 9/10th for 2023,
the amount of SFA excluded from the
assets at the end of the determination
year (2023) would be $54,000,000 (9/
10th × $60,000,000), where the
$60,000,000 is calculated as the total
$80,000,000 in SFA paid to the plan
minus the $20,000,000 in make-up
payments that were disbursed prior to
the end of the determination year.
Issued in Washington, DC.
Gordon Hartogensis,
Director, Pension Benefit Guaranty
Corporation.
[FR Doc. 2023–24268 Filed 11–6–23; 8:45 am]
BILLING CODE 7709–02–P
DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
31 CFR Part 587
Publication of Russian Harmful
Foreign Activities Sanctions
Regulations Web General License 73
Office of Foreign Assets
Control, Treasury.
ACTION: Publication of a Web General
License.
AGENCY:
The Department of the
Treasury’s Office of Foreign Assets
Control (OFAC) is publishing one
general license (GL) issued pursuant to
the Russian Harmful Foreign Activities
Sanctions Regulations: GL 73, which
was previously made available on
OFAC’s website.
DATES: GL 73 was issued on October 12,
2023. See SUPPLEMENTARY INFORMATION
for additional relevant dates.
FOR FURTHER INFORMATION CONTACT:
OFAC: Assistant Director for Licensing,
202–622–2480; Assistant Director for
Regulatory Affairs, 202–622–4855; or
Assistant Director for Compliance, 202–
622–2490.
SUPPLEMENTARY INFORMATION:
SUMMARY:
PO 00000
Frm 00041
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76665
Electronic Availability
This document and additional
information concerning OFAC are
available on OFAC’s website: https://
ofac.treasury.gov.
Background
On October 12, 2023, OFAC issued GL
73 to authorize certain transactions
otherwise prohibited by the Russian
Harmful Foreign Activities Sanctions
Regulations, 31 CFR part 587. GL 73 was
made available on OFAC’s website
(https://ofac.treasury.gov) when it was
issued. The text of this GL is provided
below.
OFFICE OF FOREIGN ASSETS
CONTROL
Russian Harmful Foreign Activities
Sanctions Regulations
31 CFR Part 587
GENERAL LICENSE NO. 73
Authorizing Limited Safety and
Environmental Transactions Involving
Certain Persons or Vessels
(a) Except as provided in paragraph
(c) of this general license, all
transactions prohibited by Executive
Order (E.O.) 14024 that are ordinarily
incident and necessary to one of the
following activities involving the
blocked persons or vessels described in
paragraph (b) are authorized through
12:01 a.m. eastern standard time,
January 8, 2024, provided that any
payment to a blocked person must be
made into a blocked account in
accordance with the Russian Harmful
Foreign Activities Sanctions Regulations
(RuHSR):
(1) The safe docking and anchoring of
any of the blocked vessels listed in
paragraph (b) of this general license
(‘‘blocked vessels’’) in port;
(2) The preservation of the health or
safety of the crew of any of the blocked
vessels; or
(3) Emergency repairs of any of the
blocked vessels or environmental
mitigation or protection activities
relating to any of the blocked vessels.
(b) The authorization in paragraph (a)
of this general license applies to the
following blocked persons and vessels
listed on the Office of Foreign Assets
Control’s Specially Designated
Nationals and Blocked Persons List and
any entity in which any of the following
persons own, directly or indirectly,
individually or in the aggregate, a 50
percent or greater interest:
(1) Ice Pearl Navigation Corp
(registered owner of YASA GOLDEN
BOSPHORUS, IMO 9334038); or
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76666
Federal Register / Vol. 88, No. 214 / Tuesday, November 7, 2023 / Rules and Regulations
(2) Lumber Marine SA (registered
owner of SCF PRIMORYE, IMO
9421960).
(c) This general license does not
authorize:
(1) The entry into any new
commercial contracts involving the
property or interests in property of any
blocked persons, including the blocked
entities and vessels described in
paragraph (b) of this general license,
except as authorized by paragraph (a);
(2) The offloading of any cargo
onboard any of the blocked vessels,
including the offloading of crude oil or
petroleum products of Russian
Federation origin, except for the
offloading of cargo that is ordinarily
incident and necessary to address vessel
emergencies authorized pursuant to
paragraph (a) of this general license;
(3) Any transactions related to the sale
of crude oil or petroleum products of
Russian Federation origin;
(4) Any transactions prohibited by
Directive 2 under E.O. 14024,
Prohibitions Related to Correspondent
or Payable-Through Accounts and
Processing of Transactions Involving
Certain Foreign Financial Institutions;
(5) Any transactions prohibited by
Directive 4 under E.O. 14024,
Prohibitions Related to Transactions
Involving the Central Bank of the
Russian Federation, the National
Wealth Fund of the Russian Federation,
and the Ministry of Finance of the
Russian Federation; or
(6) Any transactions otherwise
prohibited by the RuHSR, including
transactions involving the property or
interests in property of any person
blocked pursuant to the RuHSR, other
than transactions involving the blocked
persons or vessels in paragraph (b) of
this general license, unless separately
authorized.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
Dated: October 12, 2023.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
[FR Doc. 2023–23918 Filed 11–6–23; 8:45 am]
khammond on DSKJM1Z7X2PROD with RULES
BILLING CODE 4810–AL–P
DEPARTMENT OF HOMELAND
SECURITY
U.S.C. United States Code
FEC Florida East Coast
FL Florida
Coast Guard
II. Background and Purpose
On June 23, 2023, we published a
temporary deviation entitled,
‘‘Drawbridge Operation Regulation;
Okeechobee Waterway, Stuart, FL’’ in
the Federal Register (88 FR 37470). The
original comment period closed on
August 4, 2023. Based on the comments
received and other concerns that were
voiced by the public, we rescinded that
test deviation, and published a new one.
On August 11, 2023, we published
second a temporary deviation entitled,
‘‘Drawbridge Operation Regulation;
Okeechobee Waterway, Stuart, FL’’ in
the Federal Register (88 FR 54487). The
second comment period closed on
October 15, 2023. The temporary
deviations are testing a more predictable
operating schedule for the FEC Railroad
Bridge and contains useful background
and analysis related to the temporary
deviation. The public is encouraged to
review the temporary deviation.
We originally set a 60-day comment
period for the temporary deviation and
determined reopening the comment
period until the end of the temporary
deviation is necessary due to the delay
in the start of additional railway service.
Additional railway service was delayed
and did not commence until late
September 2023. We feel the start of
additional railway service so close to
the end of the comment period did not
afford the public adequate opportunity
to provide comments.
This notice to reopen the comment
period ensures notice and opportunity
to comment on the operation of the
drawbridge before determining whether
a permanent change to the schedule is
needed.
The comment period is now open
through November 30, 2023. Any
comments received in the period
between when the initial comment
period closed on October 15, 2023 and
the reopening of the comment period on
November 7, 2023 will also be
considered.
This notice is issued under authority
of 33 U.S.C. 1223 and 5 U.S.C. 552.
33 CFR Part 117
[Docket No. USCG–2022–0222]
RIN 1625–AA09
Drawbridge Operation Regulation;
Okeechobee Waterway, Stuart, FL
Coast Guard, Department of
Homeland Security (DHS).
ACTION: Notification of temporary
deviation from regulations; reopening of
comment period.
AGENCY:
The Coast Guard is reopening
the comment period to solicit additional
comments concerning its notice of
temporary deviation to the regulation
governing the Florida East Coast (FEC)
Railroad Bridge, across the Okeechobee
Waterway (OWW), mile 7.41, at Stuart,
FL. The expected increase in railway
service was delayed and did not
commence until late September 2023.
Due to this delay, it was determined that
we did not afford the public adequate
opportunity to provide comments. We
are reopening the comment period to
allow the public more time to comment.
The comment period is now open until
November 30, 2023.
DATES: The comment period for the
temporary deviation published August
11, 2023 (88 FR 54487) is reopened.
Comments and relate material must
reach the Coast Guard on or before
November 30, 2023.
ADDRESSES: You may submit comments
identified by docket number USCG–
2022–0222 using Federal Decision
Making Portal at https://
www.regulations.gov.
See the ‘‘Public Participation and
Request for Comments’’ portion of the
SUPPLEMENTARY INFORMATION section
below for instructions on submitting
comments.
SUMMARY:
If
you have questions on this temporary
deviation, call, or email Ms. Jennifer
Zercher, Bridge Management Specialist,
Seventh Coast Guard District; telephone
305–415–6740, email
Jennifer.N.Zercher@uscg.mil.
SUPPLEMENTARY INFORMATION:
FOR FURTHER INFORMATION CONTACT:
I. Table of Abbreviations
CFR Code of Federal Regulations
DHS Department of Homeland Security
FR Federal Register
OMB Office of Management and Budget
NPRM Notice of Proposed Rulemaking
(Advance, Supplemental)
§ Section
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III. Public Participation and Request for
Comments
We view public participation as
essential to determining the needs of the
public and will consider all comments
and material received during the
comment period. Your comment can
help shape the outcome of future
actions. If you submit a comment,
please include the docket number for
this test deviation, indicate the specific
E:\FR\FM\07NOR1.SGM
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]]>Agencies
[Federal Register Volume 88, Number 214 (Tuesday, November 7, 2023)]
[Rules and Regulations]
[Pages 76665-76666]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-23918]
=======================================================================
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DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
31 CFR Part 587
Publication of Russian Harmful Foreign Activities Sanctions
Regulations Web General License 73
AGENCY: Office of Foreign Assets Control, Treasury.
ACTION: Publication of a Web General License.
-----------------------------------------------------------------------
SUMMARY: The Department of the Treasury's Office of Foreign Assets
Control (OFAC) is publishing one general license (GL) issued pursuant
to the Russian Harmful Foreign Activities Sanctions Regulations: GL 73,
which was previously made available on OFAC's website.
DATES: GL 73 was issued on October 12, 2023. See SUPPLEMENTARY
INFORMATION for additional relevant dates.
FOR FURTHER INFORMATION CONTACT: OFAC: Assistant Director for
Licensing, 202-622-2480; Assistant Director for Regulatory Affairs,
202-622-4855; or Assistant Director for Compliance, 202-622-2490.
SUPPLEMENTARY INFORMATION:
Electronic Availability
This document and additional information concerning OFAC are
available on OFAC's website: https://ofac.treasury.gov.
Background
On October 12, 2023, OFAC issued GL 73 to authorize certain
transactions otherwise prohibited by the Russian Harmful Foreign
Activities Sanctions Regulations, 31 CFR part 587. GL 73 was made
available on OFAC's website (https://ofac.treasury.gov) when it was
issued. The text of this GL is provided below.
OFFICE OF FOREIGN ASSETS CONTROL
Russian Harmful Foreign Activities Sanctions Regulations
31 CFR Part 587
GENERAL LICENSE NO. 73
Authorizing Limited Safety and Environmental Transactions Involving
Certain Persons or Vessels
(a) Except as provided in paragraph (c) of this general license,
all transactions prohibited by Executive Order (E.O.) 14024 that are
ordinarily incident and necessary to one of the following activities
involving the blocked persons or vessels described in paragraph (b) are
authorized through 12:01 a.m. eastern standard time, January 8, 2024,
provided that any payment to a blocked person must be made into a
blocked account in accordance with the Russian Harmful Foreign
Activities Sanctions Regulations (RuHSR):
(1) The safe docking and anchoring of any of the blocked vessels
listed in paragraph (b) of this general license (``blocked vessels'')
in port;
(2) The preservation of the health or safety of the crew of any of
the blocked vessels; or
(3) Emergency repairs of any of the blocked vessels or
environmental mitigation or protection activities relating to any of
the blocked vessels.
(b) The authorization in paragraph (a) of this general license
applies to the following blocked persons and vessels listed on the
Office of Foreign Assets Control's Specially Designated Nationals and
Blocked Persons List and any entity in which any of the following
persons own, directly or indirectly, individually or in the aggregate,
a 50 percent or greater interest:
(1) Ice Pearl Navigation Corp (registered owner of YASA GOLDEN
BOSPHORUS, IMO 9334038); or
[[Page 76666]]
(2) Lumber Marine SA (registered owner of SCF PRIMORYE, IMO
9421960).
(c) This general license does not authorize:
(1) The entry into any new commercial contracts involving the
property or interests in property of any blocked persons, including the
blocked entities and vessels described in paragraph (b) of this general
license, except as authorized by paragraph (a);
(2) The offloading of any cargo onboard any of the blocked vessels,
including the offloading of crude oil or petroleum products of Russian
Federation origin, except for the offloading of cargo that is
ordinarily incident and necessary to address vessel emergencies
authorized pursuant to paragraph (a) of this general license;
(3) Any transactions related to the sale of crude oil or petroleum
products of Russian Federation origin;
(4) Any transactions prohibited by Directive 2 under E.O. 14024,
Prohibitions Related to Correspondent or Payable-Through Accounts and
Processing of Transactions Involving Certain Foreign Financial
Institutions;
(5) Any transactions prohibited by Directive 4 under E.O. 14024,
Prohibitions Related to Transactions Involving the Central Bank of the
Russian Federation, the National Wealth Fund of the Russian Federation,
and the Ministry of Finance of the Russian Federation; or
(6) Any transactions otherwise prohibited by the RuHSR, including
transactions involving the property or interests in property of any
person blocked pursuant to the RuHSR, other than transactions involving
the blocked persons or vessels in paragraph (b) of this general
license, unless separately authorized.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
Dated: October 12, 2023.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
[FR Doc. 2023-23918 Filed 11-6-23; 8:45 am]
BILLING CODE 4810-AL-P
