Department of Treasury December 28, 2010 – Federal Register Recent Federal Regulation Documents

OTS is revising its rules implementing section 19(e) of the Federal Deposit Insurance Act (FDIA), which prohibits any person who has been convicted of any criminal offense involving dishonesty, breach of trust, or money laundering (or who has agreed to enter into a pretrial diversion or similar program in connection with a prosecution for such an offense) from holding certain positions with respect to a savings and loan holding company (SLHC). Specifically, OTS is reinstituting and extending the expiration date of a temporary exemption granted to persons who held positions with respect to a SLHC as of the date of the enactment of section 19(e). The reinstituted and revised expiration date for the temporary exemption is December 31, 2012.

The Treasury Department's Office of Foreign Assets Control (``OFAC'') is publishing the names of one newly-designated individual whose property and interests in property are blocked pursuant to Executive Order 13469 of July 25, 2008 ``Blocking Property of Additional Persons Undermining Democratic Processes or Institutions in Zimbabwe'' (the ``Order'').

The Treasury Department's Office of Foreign Assets Control (``OFAC'') is publishing the names of 10 newly-designated entities and 5 newly-designated individuals whose property and interests in property are blocked pursuant to Executive Order 13382 of June 28, 2005, ``Blocking Property of Weapons of Mass Destruction Proliferators and Their Supporters.''

This document contains a correction to a notice of proposed rulemaking (REG-132554-08) that was published in the Federal Register on Tuesday, October 19, 2010 (75 FR 64197) providing guidance relating to certain provisions of the Internal Revenue Code that apply to hybrid defined benefit pension plans.