Department of the Treasury October 4, 2019 – Federal Register Recent Federal Regulation Documents

Guidance Related to Section 951A (Global Intangible Low-Taxed Income) and Certain Guidance Related to Foreign Tax Credits
Document Number: C2-2019-12437
Type: Rule
Date: 2019-10-04
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
Financial Crimes Enforcement Network; Inflation Adjustment of Civil Monetary Penalties; Correction
Document Number: C1-2019-21156
Type: Rule
Date: 2019-10-04
Agency: Department of the Treasury, Financial Crimes Enforcement Network
Proposed Agency Information Collection Activities; Comment Request
Document Number: 2019-21659
Type: Notice
Date: 2019-10-04
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions, Federal Reserve System, Office of the Comptroller of the Currency, Department of Treasury, Department of the Treasury
In accordance with the requirements of the Paperwork Reduction Act of 1995 (PRA), the OCC, the Board, and the FDIC (the ``agencies'') may not conduct or sponsor, and the respondent is not required to respond to, an information collection unless it displays a currently valid Office of Management and Budget (OMB) control number. The Federal Financial Institutions Examination Council (FFIEC), of which the agencies are members, has approved the agencies' publication for public comment of a proposal to revise and extend the Consolidated Reports of Condition and Income (Call Reports) (FFIEC 031, FFIEC 041, and FFIEC 051) and the Regulatory Capital Reporting for Institutions Subject to the Advanced Capital Adequacy Framework (FFIEC 101), which are currently approved collections of information. The proposed revisions to the Call Reports and the FFIEC 101 would implement various changes to the agencies' capital rule that the agencies have finalized or are considering finalizing. In addition, the agencies are proposing a change in the scope of the FFIEC 031 Call Report as well as an instructional revision for the reporting of operating lease liabilities in the Call Reports, both of which would take effect March 31, 2020, and a Call Report instructional revision for home equity lines of credit that convert from revolving to non-revolving status that would take effect March 31, 2021.
Notice of OFAC Sanctions Actions
Document Number: 2019-21606
Type: Notice
Date: 2019-10-04
Agency: Department of the Treasury, Office of Foreign Assets Control
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing the names of one or more persons, aircraft, and vessel that have been placed on OFAC's Specially Designated Nationals and Blocked Persons List based on OFAC's determination that one or more applicable legal criteria were satisfied. All property and interests in property subject to U.S. jurisdiction of these persons, aircraft, and this vessel are blocked, and U.S. persons are generally prohibited from engaging in transactions with them.
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