Department of the Treasury March 12, 2024 – Federal Register Recent Federal Regulation Documents
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Proposed Collection; Comment Request for Electronic Filing of Form W-4
The Internal Revenue Service, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on continuing information collections, as required by the Paperwork Reduction Act of 1995. The IRS is soliciting comments concerning electronic filing of Form W-4.
Global Magnitsky Sanctions Regulations
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is adopting a final rule amending the Global Magnitsky Sanctions Regulations and reissuing them in their entirety to further implement the Global Magnitsky Human Rights Accountability Act and a December 20, 2017 Executive Order related to human rights and corruption. This final rule replaces the regulations that were published in abbreviated form on June 29, 2018, with a more comprehensive set of regulations that includes additional interpretive guidance and definitions, general licenses, and other regulatory provisions that will provide further guidance to the public. Due to the number of regulatory sections being updated or added, OFAC is reissuing the Global Magnitsky Sanctions Regulations in their entirety.
Extension of Import Restrictions Imposed on Archaeological and Ecclesiastical Ethnological Material From Honduras
This document amends the U.S. Customs and Border Protection (CBP) regulations to extend import restrictions on certain archaeological and ecclesiastical ethnological material from Honduras. The Assistant Secretary for Educational and Cultural Affairs, United States Department of State, has made the requisite determinations for extending the import restrictions, which were originally imposed by CBP Decision (CBP Dec.) 04-08 and last extended by CBP Dec. 19-03. The United States and Honduras have also agreed to extend the restrictions for an additional five-year period. Accordingly, these import restrictions will remain in effect for an additional five years, and the CBP regulations are being amended to reflect this further extension through March 12, 2029.
Open Meeting of the Financial Research Advisory Committee
The Financial Research Advisory Committee for the Treasury's Office of Financial Research (OFR) is convening for its 22nd meeting on Thursday, March 28, 2024, in the Cash Room, Main Treasury, 1500 Pennsylvania Avenue NW, Washington, DC, beginning at 10:00 a.m. EST. The meeting will be open to the public and limited seating will be available.
Temporary Exceptions to FIRREA Appraisal Requirements in Maui County as Affected by Hawaii Wildfires
The Depository Institutions Disaster Relief Act of 1992 (DIDRA) authorizes the agencies to make exceptions to statutory and regulatory appraisal requirements under Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) relating to transactions involving real property located within an area in a state or territory declared to be a major disaster by the President. In this statement and order, the agencies exercise their authority to grant temporary exceptions to the FIRREA appraisal requirements for real estate-related financial transactions, provided certain criteria are met, in an area in the State of Hawaii following the major disaster declared by President Biden as a result of wildfires. The expiration date for the exceptions is August 10, 2026, which is three years after the date the President declared the major disaster.
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