# Semiannual Agenda > Briefs, arguments, decisions, and more. URL: https://www.frixlaw.com/law-library/documents/fr%3A2020-16761 ## Record - **Collection:** Federal Register - **Document type:** Proposed Rule - **Published:** August 26, 2020 - **Citation:** 85 FR 52755 ## Text DEPARTMENT OF THE TREASURY 31 CFR Subtitles A and B Semiannual Agenda AGENCY: Department of the Treasury. ACTION: Semiannual regulatory agenda. SUMMARY: This notice is given pursuant to the requirements of the Regulatory Flexibility Act and Executive Order 12866 (“Regulatory Planning and Review”), which require the publication by the Department of a semiannual agenda of regulations. 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. 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 available on the internet. The semiannual agenda of the Department of the Treasury conforms to the Unified Agenda format developed by the Regulatory Information Service Center (RISC). Michael Briskin, Deputy Assistant General Counsel for General Law and Regulation. Customs Revenue Function—Final Rule Stage Sequence No. Title Regulation Identifier No. 179 Enforcement of Copyrights and the Digital Millennium Copyright Act 1515-AE26 Internal Revenue Service—Proposed Rule Stage Sequence No. Title Regulation Identifier No. 180 Section 42 Low-Income Housing Credit Average Income Test Regulations 1545-BO92 Internal Revenue Service—Final Rule Stage Sequence No. Title Regulation Identifier No. 181 Guidance on the Elimination of Interbank Offered Rates 1545-BO91 182 MEPs and the Unified Plan Rule 1545-BO97 DEPARTMENT OF THE TREASURY (TREAS) Customs Revenue Function (CUSTOMS) Final Rule Stage 179. Enforcement of Copyrights and the Digital Millennium Copyright Act E.O. 13771 Designation: Not subject to, not significant. Legal Authority: Not Yet Determined Abstract: This rule amends the U.S. Customs and Border Protection (CBP) regulations pertaining to importations of merchandise that violate or are suspected of violating the copyright laws in accordance with title III of the Trade Facilitation and Trade Enforcement Act of 2015 (TFTEA) and certain provisions of the Digital Millennium Copyright Act (DMCA). Timetable: Action Date FR Cite NPRM 10/16/19 84 FR 55251 NPRM Comment Period End 12/16/19 Final Rule 01/00/21 Regulatory Flexibility Analysis Required: Yes. Agency Contact: Charles Steuart, Chief, Intellectual Property Rights Branch, Department of the Treasury, Customs Revenue Function, Regulations and Rulings, Office of International Trade, U.S. Customs and Border Protection, 90 K Street NE, 10th Floor, Washington, DC 20229-1177, Phone: 202 325-0093, Fax: 202 325-0120, Email: charles.r.steuart@cbp.dhs.gov. RIN: 1515-AE26 DEPARTMENT OF THE TREASURY (TREAS) Internal Revenue Service (IRS) Proposed Rule Stage 180. Section 42 Low-Income Housing Credit Average Income Test Regulations E.O. 13771 Designation: Not subject to, not significant. Legal Authority: 26 U.S.C. 7805; 26 U.S.C. 42 Abstract: The Consolidated Appropriations Act of 2018 added a new applicable minimum set-aside test under section 42(g) of the Internal Revenue Code known as the average income test. This proposed regulation will implement requirements related to the average income test. Timetable: Action Date FR Cite NPRM 07/00/20 Regulatory Flexibility Analysis Required: Yes. Agency Contact: Dillon J. Taylor, Attorney, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room 5107, Washington, DC 20224, Phone: 202 317-4137, Fax: 855 591-7867, Email: dillon.j.taylor@irscounsel.treas.gov. RIN: 1545-BO92 DEPARTMENT OF THE TREASURY (TREAS) Internal Revenue Service (IRS) Final Rule Stage 181. Guidance on the Elimination of Interbank Offered Rates E.O. 13771 Designation: Other. Legal Authority: 26 U.S.C. 1001b and 7805 Abstract: The final proposed regulations will provide guidance on the tax consequences of the phased elimination of interbank offered rates (IBORs) that is underway in the United States and many foreign countries. Taxpayers have requested guidance that addresses whether a modification to a debt instrument or other financial contract to accommodate the elimination of the relevant IBOR will be treated as a realization event for federal income tax purposes. Timetable: Action Date FR Cite NPRM 10/09/19 84 FR 54068 NPRM Comment Period End 11/25/19 Final Action 06/00/20 Regulatory Flexibility Analysis Required: Yes. Agency Contact: Caitlin Holzem, Attorney, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room 3547, Washington, DC 20224, Phone: 202 317-7036, Fax: 855 574-9023, Email: caitlin.i.holzem@irscounsel.treas.gov. RIN: 1545-BO91 182. MEPS and the Unified Plan Rule E.O. 13771 Designation: Regulatory. Legal Authority: 26 U.S.C. 7805; 26 U.S.C. 413 Abstract: These are final regulations relating to the tax qualification of plans maintained by more than one employer pursuant to section 413(c) of the Internal Revenue Code, often referred to as multiple employer plans or MEPs. The regulations provide limited relief to a defined contribution MEP in the event of a failure by one employer maintaining the plan to satisfy an applicable qualification requirement or to provide information needed to ensure compliance with a qualification requirement. The regulations affect participants in MEPs, MEP sponsors and administrators, and employers maintaining MEPs. Timetable: Action Date FR Cite NPRM 07/03/19 84 FR 31777 NPRM Comment Period End 10/01/19 Final Action 12/00/20 Regulatory Flexibility Analysis Required: Yes. Agency Contact: Jamie Dvoretzky, Attorney, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224, Phone: 202 317-4102, Fax: 855 604-6087, Email: jamie.l.dvoretzky@irscounsel.treas.gov. RIN: 1545-BO97 [FR Doc. 2020-16761 Filed 8-25-20; 8:45 am] BILLING CODE 9111-14-P; 4810-01-P; 4810-25-P --- Source: Frix Law Library, https://www.frixlaw.com/law-library/documents/fr%3A2020-16761. Public record. Not legal advice.