[Federal Register Volume 79, Number 4 (Tuesday, January 7, 2014)]
[Proposed Rules]
[Pages 1210-1213]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-29638]
[[Page 1209]]
Vol. 79
Tuesday,
No. 4
January 7, 2014
Part XIV
Department of the Treasury
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Semiannual Regulatory Agenda
Federal Register / Vol. 79 , No. 4 / Tuesday, January 7, 2014 /
Unified Agenda
[[Page 1210]]
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DEPARTMENT OF THE TREASURY
31 CFR Subtitles A and B
Semiannual Agenda and Fiscal Year 2014 Regulatory Plan
AGENCY: Department of the Treasury.
ACTION: Semiannual regulatory agenda and annual regulatory plan.
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SUMMARY: This notice is given pursuant to the requirements of the
Regulatory Flexibility Act and Executive Order (EO) 12866 (``Regulatory
Planning and Review''), which require the publication by the Department
of a semiannual agenda of regulations. EO 12866 also requires the
publication by the Department of a regulatory plan for the upcoming
fiscal year.
FOR FURTHER INFORMATION CONTACT: The Agency contact identified in the
item relating to that regulation.
SUPPLEMENTARY INFORMATION: The semiannual regulatory agenda includes
regulations that the Department has issued or expects to issue and
rules currently in effect that are under departmental or bureau review.
For this edition of the regulatory agenda, the most important
significant regulatory actions and a Statement of Regulatory Priorities
are included in the Regulatory Plan, which appears in both the online
Unified Agenda and in part II of the Federal Register publication that
includes the Unified Agenda.
Beginning with the fall 2007 edition, the Internet has been the
primary medium for disseminating the Unified Agenda. The complete
Unified Agenda will be available online at www.reginfo.gov and
www.regulations.gov, in a format that offers users an enhanced ability
to obtain information from the Agenda database. Because publication in
the Federal Register is mandated for the regulatory flexibility agenda
required by the Regulatory Flexibility Act (5 U.S.C. 602), Treasury's
printed agenda entries include only:
(1) Rules that are in the regulatory flexibility agenda, in
accordance with the Regulatory Flexibility Act, because they are likely
to have a significant economic impact on a substantial number of small
entities; and
(2) Rules that have been identified for periodic review under
section 610 of the Regulatory Flexibility Act.
Printing of these entries is limited to fields that contain
information required by the Regulatory Flexibility Act's Agenda
requirements. Additional information on these entries is available in
the Unified Agenda published on the Internet. In addition, for fall
editions of the Agenda, the entire Regulatory Plan will continue to be
printed in the Federal Register, as in past years.
The semiannual agenda and The Regulatory Plan of the Department of
the Treasury conform to the Unified Agenda format developed by the
Regulatory Information Service Center (RISC).
Dated: August 27, 2013.
Brian J. Sonfield,
Deputy Assistant General Counsel for General Law and Regulation.
Comptroller of the Currency--Completed Actions
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Regulation
Sequence No. Title Identifier No.
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381....................... Strengthening Tier 1 1557-AD46
Capital Other Capital
Enhancements,
Standardized Approach
(Basel III).
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Internal Revenue Service--Proposed Rule Stage
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Regulation
Sequence No. Title Identifier No.
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382....................... Reporting and Notice 1545-BL26
Requirements Under
Section 6056.
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DEPARTMENT OF THE TREASURY (TREAS)
Comptroller of the Currency (OCC)
Completed Actions
381. Strengthening Tier 1 Capital Other Capital Enhancements,
Standardized Approach (Basel III)
Legal Authority: 12 U.S.C. 1 et seq.; 12 U.S.C. 24a; 12 U.S.C. 93a;
12 U.S.C. 161; 12 U.S.C. 215a-2; 12 U.S.C. 215a-3; 12 U.S.C. 481; 12
U.S.C. 1462 to 1462a; 12 U.S.C. 1463 to 1464; 12 U.S.C. 1467a; 12
U.S.C. 1818; 12 U.S.C. 1828 note; 12 U.S.C. 1828(n); 12 U.S.C. 1831n
note; 12 U.S.C. 1831o; 12 U.S.C. 1835; 12 U.S.C. 3907; 12 U.S.C. 3909;
12 U.S.C. 5412(b)(2)(B)
Abstract: Regulatory Capital Rules--Basel III (12 CFR parts 3, 5,
6, 165, 167). The banking agencies (OCC and Board of Governors of the
Federal Reserve System (Federal Reserve) have issued a final rule that
revises their risk-based and leverage capital requirements for banking
organizations. (The Federal Deposit Insurance Corporation (FDIC)
separately issued an interim final rule that is substantively the same
as the OCC and Federal Reserve final rule.) The final rule consolidates
three separate proposed rules that the banking agencies published on
August 30, 2012 (77 FR 52792, 52888, 52978), into one final rule. The
final rule implements a revised definition of regulatory capital, a new
common equity tier 1 minimum capital requirement, a higher minimum tier
1 capital requirement, and, for banking organizations subject to the
advanced approaches risk-based capital rules, a supplementary leverage
ratio that incorporates a broader set of exposures in the denominator.
The final rule incorporates new requirements into the banking agencies'
prompt corrective action framework and establishes limits on a banking
organization's capital distributions and certain discretionary bonus
payments if the banking organization does not hold a specified amount
of common equity tier 1 capital in addition to the amount necessary to
meet its minimum risk-based capital requirements. The final rule amends
the methodologies for determining risk-weighted assets for all banking
organizations, and introduces disclosure requirements that would apply
to top-tier banking organizations domiciled in the United States with
$50 billion or more in total assets. The final rule also adopts changes
required by the Dodd-Frank Wall Street Reform and Consumer Protection
Act of 2010 (Pub. L. 111-203) to implement more stringent capital and
leverage requirements and to replace regulatory references to credit
ratings with new creditworthiness measures. In addition, the OCC has
amended the market risk capital rule to apply to Federal savings
associations. The final rule was published on October 11, 2013. 78 FR
62018.
[[Page 1211]]
Completed:
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Reason Date FR Cite
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Final Action........................ 10/11/13 78 FR 62018
Final Action Effective.............. 01/01/14
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Regulatory Flexibility Analysis Required: Yes.
Agency Contact: Carl Kaminski, Phone: 202 649-6294, Email:
[email protected].
RIN: 1557-AD46
DEPARTMENT OF THE TREASURY (TREAS)
Internal Revenue Service (IRS)
Proposed Rule Stage
382. Reporting and Notice Requirements Under Section 6056
Legal Authority: 26 U.S.C. 7805; 26 U.S.C. 6056
Abstract: Proposed regulations under section 6056 of the Internal
Revenue Code, as enacted by the Affordable Care Act, to provide
guidance on rules that require applicable large employers to file
certain information with the Internal Revenue Service on coverage under
an eligible employer-sponsored health plan and furnish to individuals
statements that set forth the information required to be reported to
the Internal Revenue Service.
Timetable:
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Action Date FR Cite
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NPRM................................ 12/00/13 .......................
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Regulatory Flexibility Analysis Required: Yes.
Agency Contact: Ligeia M. Donis, General Attorney, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Room 4312, Washington, DC 20224, Phone: 202 622-0047, Fax: 202 622-
5697, Email: [email protected].
R. Lisa Mojiri-Azad, Senior Technician Reviewer, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224, Phone: 202 622-6060, Email: [email protected].
RIN: 1545-BL26
[FR Doc. 2013-29638 Filed 1-6-14; 8:45 am]
BILLING CODE 4810-25-P