Actuarial Advisory Committee With Respect to the Railroad Retirement Account; Notice of Public Meeting, 14533 [2024-04016]
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Federal Register / Vol. 89, No. 39 / Tuesday, February 27, 2024 / Notices
CONTESTING RECORD PROCEDURES:
RAILROAD RETIREMENT BOARD
An individual requesting amendment
of their records should send a written
request to the applicable System
Manager or the Privacy Act Officer as
identified above. DOI instructions for
submitting a request for amendment of
records are available on the DOI Privacy
Act Requests website at https://
www.doi.gov/privacy/privacy-actrequests. The request must clearly
identify the records for which
amendment is being sought, the reasons
for requesting the amendment, and the
proposed amendment to the record. The
request must include the requester’s full
name, current address, and sufficient
identifying information such as date of
birth or other information required for
verification of the requestor’s identity.
The request must be signed and dated
and be either notarized or submitted
under penalty of perjury in accordance
with 28 U.S.C. 1746. Requests submitted
by mail must be clearly marked
‘‘PRIVACY ACT REQUEST FOR
AMENDMENT’’ on both the envelope
and letter. A request to contest or amend
records must meet the requirements of
36 CFR 1008 and 36 CFR 1008.18
(https://www.ecfr.gov/current/title-36/
section-1008.18)–.19, .22, .24.
NOTIFICATION PROCEDURES:
Notice is hereby given in accordance
with Public Law 92–463 that the
Actuarial Advisory Committee will hold
a virtual meeting on April 3, 2024, at 9
a.m. (central standard time) on the
conduct of the 29th Actuarial Valuation
of the Railroad Retirement System. The
agenda for this meeting will include a
discussion of the assumptions to be
used in the 29th Actuarial Valuation. A
report containing recommended
assumptions and the experience on
which the recommendations are based
will have been sent by the Chief Actuary
to the Committee in advance of the
meeting.
The meeting will be open to the
public. Persons wishing to submit
written statements, make oral
presentations, or attend the meeting
should address their communications or
notices to Patricia Pruitt
(Patricia.Pruitt@rrb.gov) so that
information on how to join the virtual
meeting can be provided.
Dated: February 22, 2024.
Stephanie Hillyard,
Secretary to the Board.
[FR Doc. 2024–04016 Filed 2–26–24; 8:45 am]
An individual requesting notification
of the existence of records about them
should send a written inquiry to the
applicable System Manager as or the
Privacy Act Officer identified above. A
Privacy Act request must meet the
requirements of 36 CFR 1008 (https://
www.ecfr.gov/current/title-36/chapterX/part-1008). The request must include
a general description of the records and
the requester’s full name, current
address, and sufficient identifying
information such as date of birth or
other information required for
verification of the requestor’s identity.
The request must be signed and dated
and be either notarized or submitted
under penalty of perjury in accordance
with 28 U.S.C. 1746. Requests submitted
by mail must be clearly marked
‘‘PRIVACY ACT INQUIRY’’ on both the
envelope and letter.
EXEMPTIONS PROMULGATED FOR THE SYSTEM:
None.
lotter on DSK11XQN23PROD with NOTICES1
Actuarial Advisory Committee With
Respect to the Railroad Retirement
Account; Notice of Public Meeting
HISTORY:
None.
Luke Donohue,
Director of Administration.
BILLING CODE 7905–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Securities Act of 1933 Release No. 11273/
February 22, 2024; Securities Exchange Act
of 1934 Release No. 99583/February 22,
2024]
Order Regarding Review of Financial
Accounting Standards Board (FASB)
Accounting Support Fee for 2024
Under Section 109 of the SarbanesOxley Act of 2002
The Sarbanes-Oxley Act of 2002
(‘‘SOX’’ or the ‘‘Act’’) provides that the
Securities and Exchange Commission
(the ‘‘Commission’’) may recognize, as
generally accepted for purposes of the
securities laws, any accounting
principles established by a standardsetting body that meets certain criteria.1
Section 109 of SOX provides that all of
the budget of such a standard-setting
body shall be payable from an annual
accounting support fee assessed and
collected against each issuer, as may be
necessary or appropriate to pay for the
budget and provide for the expenses of
the standard-setting body, and to
[FR Doc. 2024–04006 Filed 2–26–24; 8:45 am]
1 See
BILLING CODE 4310–4R–P
VerDate Sep<11>2014
16:53 Feb 26, 2024
Jkt 262001
PO 00000
provide for an independent, stable
source of funding, subject to review by
the Commission. Under Section 109(f)
of the Act, the amount of fees collected
for a fiscal year shall not exceed the
‘‘recoverable budget expenses’’ of the
standard-setting body. Section 109(i) of
SOX amends Section 13(b)(2) of the
Securities Exchange Act of 1934 to
require issuers to pay the allocable share
of a reasonable annual accounting
support fee or fees, determined in
accordance with Section 109 of the Act.
On April 25, 2003, the Commission
issued a policy statement concluding
that the Financial Accounting Standards
Board (‘‘FASB’’) and its parent
organization, the Financial Accounting
Foundation (‘‘FAF’’), satisfied the
criteria for an accounting standardsetting body under the Act, and
recognizing the FASB’s financial
accounting and reporting standards as
‘‘generally accepted’’ under Section 108
of the Act.2 Accordingly, the
Commission undertook a review of the
FASB’s accounting support fee for
calendar year 2024.3 In connection with
its review, the Commission also
reviewed the budget for the FAF and the
FASB for calendar year 2024.
Section 109 of SOX provides that, in
addition to the accounting support fee,
the standard-setting body can have
additional sources of revenue for its
activities, such as earnings from sales of
publications, provided that each
additional source of revenue shall not
jeopardize, in the judgment of the
Commission, the actual or perceived
independence of the standard setter. In
this regard, the Commission also
considered the interrelation of the
operating budgets of the FAF, the FASB,
and the Governmental Accounting
Standards Board (‘‘GASB’’), the FASB’s
sister organization, which sets
accounting standards used by state and
local government entities. The
Commission has been advised by the
FAF that neither the FAF, the FASB, nor
the GASB accept contributions from the
accounting profession.
The Commission understands that the
Office of Management and Budget
(‘‘OMB’’) has determined the FASB’s
spending of the 2024 accounting
support fee is sequestrable under the
Budget Control Act of 2011.4 So long as
2 See Commission Statement of Policy
Reaffirming the Status of the FASB as a Designated
Private-Sector Standard Setter, Release No. 33–8221
(Apr. 25, 2003) [68 FR 23333 (May 1, 2003)].
3 The Financial Accounting Foundation’s Board
of Trustees approved the FASB’s budget on Oct. 30,
2023. The FAF submitted the approved budget to
the Commission on Nov. 1, 2023.
4 See OMB Report to the Congress on the
BBEDCA 251A Sequestration for Fiscal Year 2024,
15 U.S.C. 7201 et seq.
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[Federal Register Volume 89, Number 39 (Tuesday, February 27, 2024)]
[Notices]
[Page 14533]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-04016]
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RAILROAD RETIREMENT BOARD
Actuarial Advisory Committee With Respect to the Railroad
Retirement Account; Notice of Public Meeting
Notice is hereby given in accordance with Public Law 92-463 that
the Actuarial Advisory Committee will hold a virtual meeting on April
3, 2024, at 9 a.m. (central standard time) on the conduct of the 29th
Actuarial Valuation of the Railroad Retirement System. The agenda for
this meeting will include a discussion of the assumptions to be used in
the 29th Actuarial Valuation. A report containing recommended
assumptions and the experience on which the recommendations are based
will have been sent by the Chief Actuary to the Committee in advance of
the meeting.
The meeting will be open to the public. Persons wishing to submit
written statements, make oral presentations, or attend the meeting
should address their communications or notices to Patricia Pruitt
([email protected]) so that information on how to join the
virtual meeting can be provided.
Dated: February 22, 2024.
Stephanie Hillyard,
Secretary to the Board.
[FR Doc. 2024-04016 Filed 2-26-24; 8:45 am]
BILLING CODE 7905-01-P
