Internal Revenue Service May 20, 2015 – Federal Register Recent Federal Regulation Documents

This document contains proposed regulations under section 597 of the Internal Revenue Code (the ``Code''). The proposed regulations, which will apply to banks and domestic building and loan associations (and related parties) that receive Federal financial assistance (``FFA''), will modify and clarify the treatment of transactions in which FFA is provided to such institutions. This document also invites comments from the public and requests for a public hearing regarding these proposed regulations.