Agencies and Commissions December 17, 2007 – Federal Register Recent Federal Regulation Documents
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Premium Rates; Payment of Premiums; Flat Premium Rates, Variable-Rate Premium Cap, and Termination Premium; Deficit Reduction Act of 2005; Pension Protection Act of 2006
This is a final rule to amend PBGC's regulations on Premium Rates and Payment of Premiums to implement certain provisions of the Deficit Reduction Act of 2005 (Pub. L. 109-171) and the Pension Protection Act of 2006 (Pub. L. 109-280) that are effective beginning in 2006 or 2007. The provisions implemented by this rule change the flat premium rate, cap the variable-rate premium in some cases, and create a new ``termination premium'' that is payable in connection with certain distress and involuntary plan terminations. This rule does not address other provisions of the Pension Protection Act of 2006 that deal with PBGC premiums.
Privacy Act of 1974, as Amended; Alterations to Existing System of Records, Including New Routine Use
In accordance with the Privacy Act (5 U.S.C. 552a(e)(4) and (e)(11)), we are issuing public notice of our intent to alter an existing system of records entitled, the Visitor Intake Process/ Customer Service Record (VIP/CSR) System, 60-0350. The proposed alterations will result in the following changes to the VIP/CSR System: (1) Expansion of the categories of individuals covered by the VIP/ CSR System; (2) Expansion of the categories of records maintained in the VIP/ CSR System; (3) Expansion of the purposes for which we use the VIP/CSR System; and (4) Amendment of the record source categories covered by the VIP/ CSR System. We are also establishing a new routine use for disclosure of information maintained in the VIP/CSR System. The proposed alterations and new routine use are discussed in the SUPPLEMENTARY INFORMATION section below. We invite public comment on this proposal.
Extension of Period of Determination for Textile and Apparel Safeguard Action on Imports from Honduras of Cotton, Wool and Man-Made Fiber Socks
The Committee is extending through January 18, 2008 the period for making a determination on whether to request consultations with Honduras regarding imports of cotton, wool and man-made fiber socks (merged Category 332/432 and 632 part).
Notice of Availability of the Draft Environmental Assessment and Wetland Involvement for the Transformation of Facilities and Infrastructure for the Non-Nuclear Production Activities Conducted at the National Nuclear Security Administration's Kansas City Plant at Kansas City, MO
GSA published a notice in the Federal Register at 72 FR 69690 on Monday, December 10, 2007, concerning the National Nuclear Security Administration's Kansas City Plant at Kansas City, MO. The document contained an incorrect state abbreviation and date format.
Extensions of Credit by Federal Reserve Banks
The Board of Governors of the Federal Reserve System (Board) is amending its Regulation A, effective December 12, 2007, to allow the Board to authorize a temporary Term Auction Facility (TAF) under section 10B of the Federal Reserve Act. A TAF is a credit facility that allows a depository institution to obtain an advance from its local Federal Reserve Bank at an interest rate that is determined as the result of an auction. A TAF is expected to permit depository institutions to obtain credit on a secured basis from the Federal Reserve at rates that meet the market demand for credit of relatively short terms. The Board is also announcing the immediate authorization of a TAF, subject to the terms and conditions specified herein.
Filing Dates for the Illinois Special Election in the 14th Congressional District
Illinois has scheduled elections on February 5, 2008, and March 8, 2008, to fill the U.S. House of Representatives seat in the Fourteenth Congressional District vacated by Representative J. Dennis Hastert. Committees required to file reports in connection with the Special Primary Election on February 5, 2008, shall file a 12-day Pre-Primary Report. Committees required to file reports in connection with both the Special Primary and Special General Election on March 8, 2008, shall file a 12-day Pre-Primary Report, a 12-day Pre-General Report, and a 30-day Post-General Report.
Caribbean Region: Review of Economic Growth and Development
Following receipt of a request on November 7, 2007, from the Committee on Ways and Means of the U.S. House of Representatives pursuant to section 332(g) of the Tariff Act of 1930 (19 U.S.C. 1332(g)), the Commission instituted investigation No. 332-496, Caribbean Region: Review of Economic Growth and Development.
PPL Susquehanna, LLC; Susquehanna Steam Electric Station, Units 1 and 2 Final Environmental Assessment and Finding of No Significant Impact Related to the Proposed License Amendment To Increase the Maximum Reactor Power Level; Correction
This document corrects an Environmental Assessment appearing in the Federal Register on December 5, 2007 (72 FR 68598). This action is necessary to correctly declare the Environmental Assessment as a final document (in lieu of a draft) with no action for noticing for public comment. The corrected Environmental Assessment is provided as follows: The NRC has prepared a final Environmental Assessment as part of its evaluation of a request by PPL Susquehanna, LLC for a license amendment to increase the maximum thermal power at Susquehanna Steam Electric Station, Units 1 and 2 (SSES 1 and 2), from 3,489 megawatts- thermal (MWt) to 3,952 MWt at each unit. This represents a power increase of approximately 13 percent thermal power. As stated in the NRC staff's position paper dated February 8, 1996, on the Boiling-Water Reactor Extended Power Uprate (EPU) Program, the NRC staff (the staff) will prepare an environmental impact statement if it believes a power uprate would have a significant impact on the human environment. The staff did not identify any significant impact from the information provided in the licensee's EPU application for Susquehanna Steam Electric Station, Units 1 and 2, or the staff's independent review; therefore, the staff is documenting its environmental review in an Environmental Assessment. Also, in accordance with the position paper, the final Environmental Assessment and Finding of No Significant Impact is being published in the Federal Register. The NRC published a draft Environmental Assessment and finding of no significant impact on the proposed action for public comment in the Federal Register on August 21, 2007 (72 FR 46670). One set of comments were received on the draft Environmental Assessment from PPL Susquehanna, LLC by letter dated September 19, 2007 (Agencywide Documents Access and Management System (ADAMS) Accession No. ML072820283). These comments were clarifications and editorial corrections to the draft Environmental Assessment. Based on these comments, the NRC staff revised the appropriate sections of the final Environmental Assessment.
Revisions to Rules 144 and 145
Rule 144 under the Securities Act of 1933 creates a safe harbor for the sale of securities under the exemption set forth in Section 4(1) of the Securities Act. We are shortening the holding period requirement under Rule 144 for ``restricted securities'' of issuers that are subject to the reporting requirements of the Securities Exchange Act of 1934 to six months. Restricted securities of issuers that are not subject to the Exchange Act reporting requirements will continue to be subject to a one-year holding period prior to any public resale. The amendments also substantially reduce the restrictions applicable to the resale of securities by non-affiliates. In addition, the amendments simplify the Preliminary Note to Rule 144, amend the manner of sale requirements and eliminate them with respect to debt securities, amend the volume limitations for debt securities, increase the Form 144 filing thresholds, and codify several staff interpretive positions that relate to Rule 144. Finally, we are eliminating the presumptive underwriter provision in Securities Act Rule 145, except for transactions involving a shell company, and revising the resale requirements in Rule 145(d). We believe that the amendments will increase the liquidity of privately sold securities and decrease the cost of capital for all issuers without compromising investor protection.
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