Search Results for keywords:"Department of the Treasury"

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Search Results: keywords:"Department of the Treasury"

  • Type:Notice
    Citation:90 FR 14190
    Reading Time:about 14 minutes

    The Department of the Treasury is seeking public comments on several information collection requests related to alcohol and tobacco regulations. These include various compliance activities such as chemist certification programs, special tax registrations, and excise tax returns. The information collected is essential for ensuring that regulations are followed and that taxes are accurately assessed and collected. Interested parties can find and comment on these requests through the government website, with feedback due by April 28, 2025.

    Simple Explanation

    The Treasury Department wants to know what people think about the rules for alcohol and tobacco, like making sure companies pay their taxes correctly. They are asking for feedback from everyone by April 28, 2025.

  • Type:Notice
    Citation:89 FR 95357
    Reading Time:about a minute or two

    The Department of the Treasury is seeking public comments on its proposed information collection activities. They plan to submit these requests to the Office of Management and Budget (OMB) for review and approval following the requirements of the Paperwork Reduction Act of 1995. Interested individuals have until January 2, 2025, to provide their feedback. The information collection involves the Schedule of Excess Risks under the Bureau of the Fiscal Service, which helps in analyzing the solvency and contractual capabilities of companies certified by the Treasury.

    Simple Explanation

    The government wants to check how safe and strong some companies are by collecting special information from them, and people have until January 2, 2025, to say what they think about this plan. They're making sure the companies are safe, but some parts of the plan, like how they keep the information private or what happens if companies break the rules, aren't very clear yet.

  • Type:Notice
    Citation:86 FR 7459
    Reading Time:about 7 minutes

    The Department of the Treasury is seeking public comments on a revised information collection called the Treasury International Capital Form SLT. This form involves reporting data on the buying, selling, and changes in the value of long-term securities by U.S. and foreign residents. The revision aims to improve data accuracy by collecting all information from a single source and reducing the paperwork burden on custodians. The updated form will become effective from February 2022, and the Treasury requests feedback on its necessity, accuracy, and ways to reduce respondent burdens before March 29, 2021.

    Simple Explanation

    The Department of the Treasury wants to make their big money form (called Form SLT) better so they can count all the money-ins and money-outs from both friends nearby and from faraway places. They want to hear what people think about these changes by March 2021.

  • Type:Notice
    Citation:86 FR 6417
    Reading Time:about 2 minutes

    The Board of Trustees of the American Federation of Musicians & Employers Pension Fund has applied to reduce benefits, as per the Multiemployer Pension Reform Act of 2014. This application has been published on the Treasury Department's website. The Department of the Treasury is requesting public comments on the application from interested parties like participants, beneficiaries, and contributing employers. Comments need to be submitted by March 8, 2021, either electronically via the Federal eRulemaking Portal or by mail to the Treasury Department.

    Simple Explanation

    The people in charge of taking care of musicians' retirement money want to change how much money people get. They're asking everyone to say what they think about this change before March 8, 2021.

  • Type:Notice
    Citation:86 FR 7183
    Reading Time:about 3 minutes

    The Department of the Treasury is seeking public comments on their information collection requests, which will be reviewed by the Office of Management and Budget (OMB). These requests relate to the reporting and recordkeeping requirements under the Bank Secrecy Act (BSA) for U.S. persons with foreign financial accounts. The BSA helps combat money laundering and terrorism by requiring financial institutions to keep records and file reports helpful in various matters. The key form related to this is the FinCEN Report 114, also known as the FBAR, which must be filed annually if foreign accounts exceed $10,000 in the previous calendar year. The deadline for public feedback is February 25, 2021.

    Simple Explanation

    The Treasury Department wants to know what people think about a form they have to fill out if they have a lot of money in banks outside the U.S. This form helps the government track illegal activities.

  • Type:Notice
    Citation:86 FR 2492
    Reading Time:about 2 minutes

    The Department of the Treasury has announced that the Board of Trustees of the Roofers Local No. 88 Pension Fund has submitted an application to reduce benefits under their pension plan. This proposal comes under the Multiemployer Pension Reform Act of 2014, which allows certain pension plans projected to run out of money to make such changes. The application is now available on the Treasury's website, and the public is encouraged to submit comments on it by February 26, 2021. Interested parties, such as plan participants, beneficiaries, employee organizations, and contributing employers, are invited to share their feedback.

    Simple Explanation

    Imagine there's a big group piggy bank for people who fix roofs, and the group has decided that they need to give out a bit less money so that the piggy bank doesn't run out too soon. Now, they're asking everyone (like the people who use the piggy bank) to say how they feel about this idea.

  • Type:Notice
    Citation:90 FR 10995
    Reading Time:about 2 minutes

    The Department of the Treasury, specifically the Office of Foreign Assets Control (OFAC), is requesting the Office of Management and Budget (OMB) to review and approve the extension of an existing form related to the Rough Diamonds Control Regulations. According to these regulations, individuals or businesses receiving shipments of rough diamonds must report the receipt to the relevant foreign exporting authority within 15 days of entry into the U.S. This process affects those involved in the international diamond trade, with an estimated total of 73 respondents and about 67 total annual burden hours for reporting. The department is inviting public comments on this collection by March 31, 2025, and details can be submitted through the specified website.

    Simple Explanation

    The Treasury Department needs people who buy lots of diamonds from other countries to fill out a special form and send it back to the country they got the diamonds from. They’re checking with the big boss in charge to make sure this form is okay to keep using, and they want people to tell them if the form is too hard to fill out by the end of March.

  • Type:Notice
    Citation:89 FR 106760
    Reading Time:about 3 minutes

    The Department of the Treasury is inviting public comments on their information collection requests, which will be submitted to the Office of Management and Budget (OMB) as required by the Paperwork Reduction Act of 1995. These requests include forms for claiming non-receipt of U.S. Treasury checks, disclaimers for U.S. Savings Bonds, and applications for insurance companies seeking Treasury certification. The public can comment on these proposals until January 29, 2025, by visiting the provided website. This process is done to ensure the collected information is necessary and not overly burdensome.

    Simple Explanation

    The Department of the Treasury wants to see if the forms they use to collect information are really needed and not too complicated, so they're asking people to tell them what they think before they send these forms to get official approval.

  • Type:Notice
    Citation:89 FR 105687
    Reading Time:about 3 minutes

    The Department of the Treasury is seeking public comments on its proposed information collection activities related to the Office of Foreign Assets Control (OFAC). These activities involve renewing and revising the authority to collect information under various economic sanctions programs administered by OFAC. The Treasury department is consolidating several existing requests and introducing a new form related to economic sanctions on Russia. Comments are requested by January 27, 2025, and further details can be found on the specified government website.

    Simple Explanation

    The Department of Treasury wants to hear what people think about new plans to collect information to make sure rules about not trading with certain countries, like Russia, are followed. They are asking for feedback by January 27, 2025, and are also making some changes to the forms used to gather this information.

  • Type:Notice
    Citation:90 FR 10994
    Reading Time:about 2 minutes

    The Department of the Treasury has announced a request for public comments on information collection related to providing access to U.S. currency for blind and visually impaired individuals. This follows a court order mandating the inclusion of tactile features in currency design to aid the visually impaired. The Bureau of Engraving and Printing (BEP) will obtain feedback from these individuals through meetings and focus groups, employing a methodology previously developed by specialists in tactile acuity. Interested parties can submit their comments online by March 31, 2025.

    Simple Explanation

    The Treasury Department wants to make it easier for blind people to use money by adding special touchy-feely bits, and they are asking people to tell them how best to do this. But it's not clear how they are going to use these suggestions to change the money, and some people might find it hard to tell them their ideas online because the instructions are not so clear.