Department of Treasury April 14, 2010 – Federal Register Recent Federal Regulation Documents

Medical Loss Ratios; Request for Comments Regarding Section 2718 of the Public Health Service Act
Document Number: 2010-8599
Type: Proposed Rule
Date: 2010-04-14
Agency: Employee Benefits Security Administration, Department of Labor, Department of Health and Human Services, Internal Revenue Service, Department of Treasury, Office of the Secretary, Department of the Treasury
This document is a request for comments regarding Section 2718 of the Public Health Service Act (PHS Act), which was added by Sections 1001 and 10101 of the Patient Protection and Affordable Care Act (PPACA), Public Law 111-148, enacted on March 23, 2010. Section 2718 of the PHS Act, among other provisions, requires health insurance issuers offering individual or group coverage to submit annual reports to the Secretary on the percentages of premiums that the coverage spends on reimbursement for clinical services and activities that improve health care quality, and to provide rebates to enrollees if this spending does not meet minimum standards for a given plan year. Section 1562 of PPACA also added section 715 of the Employee Retirement Income Security Act of 1974 (ERISA) and section 9815 of the Internal Revenue Code of 1986 (the Code). These two sections effectively incorporate by reference section 2718 and other amendments to title XXVII of the PHS Act. The Departments of Health and Human Services (HHS), Labor, and the Treasury (collectively, the Departments) invite public comments in advance of future rulemaking.
Financial Crimes Enforcement Network; Amendment to the Bank Secrecy Act Regulations; Defining Mutual Funds as Financial Institutions.
Document Number: 2010-8500
Type: Rule
Date: 2010-04-14
Agency: Department of the Treasury, Department of Treasury
FinCEN is issuing this final rule to include mutual funds within the general definition of ``financial institution'' in regulations implementing the Bank Secrecy Act (``BSA''). The final rule subjects mutual funds to rules under the BSA on the filing of Currency Transaction Reports (``CTRs'') and on the creation, retention, and transmittal of records or information for transmittals of funds. Additionally, the final rule amends the definition of mutual fund in the rule requiring mutual funds to establish anti-money laundering (``AML'') programs. The amendment harmonizes the definition of mutual fund in the AML program rule with the definitions found in the other BSA rules to which mutual funds are subject. Finally, the final rule amends the rule that delegates authority to examine institutions for compliance with the BSA. The amendment makes it clear that FinCEN has not delegated to the Internal Revenue Service the authority to examine mutual funds for compliance with the BSA, but rather to the U.S. Securities and Exchange Commission (``SEC'') as the federal functional regulator of mutual funds.
Procedures for Monitoring Bank Secrecy Act Compliance
Document Number: 2010-8471
Type: Notice
Date: 2010-04-14
Agency: Department of the Treasury, Office of Thrift Supervision, Thrift Supervision Office, Department of Treasury
The proposed information collection request (ICR) described below has been submitted to the Office of Management and Budget (OMB) for review and approval, as required by the Paperwork Reduction Act of 1995. OTS is soliciting public comments on the proposal.
Interagency Guidance on Response Programs for Unauthorized Access to Customer Information and Customer Notice
Document Number: 2010-8470
Type: Notice
Date: 2010-04-14
Agency: Department of the Treasury, Office of Thrift Supervision, Thrift Supervision Office, Department of Treasury
The proposed information collection request (ICR) described below has been submitted to the Office of Management and Budget (OMB) for review and approval, as required by the Paperwork Reduction Act of 1995. OTS is soliciting public comments on the proposal.
Art Advisory Panel-Notice of Closed Meeting
Document Number: 2010-8323
Type: Notice
Date: 2010-04-14
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
Closed meeting of the Art Advisory Panel will be held in Washington, DC.