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TREAS/IRS RIN: 1545-BK22 Publication ID: Fall 2011 
Title: ●Revision of the Definition of a Notional Principal Contract Fall Within the Meaning of Swaps and Similar Agreements 
Abstract: These proposed regulations describe swaps and similar agreements that fall within the meaning of section 1256(b)(2)(B) of the Internal Revenue Code. The proposed regulations revise the definition of a notional principal contract under section 1.446-3 of the income tax regulations. 
Agency: Department of the Treasury(TREAS)  Priority: Substantive, Nonsignificant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: No  Unfunded Mandates: Undetermined 
CFR Citation: 26 CFR 1.446-3(c) (revision)    26 CFR 1.1256(b)-1 (new)    26 CFR 1.1256(g)-1 (new)   
Legal Authority: 26 USC 1256    26 USC 7805   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  12/00/2011    
Additional Information: REG-111283-11 Drafting attorney: K. Scott Brown (202) 622-7454 Reviewing attorney: Christina A. Morrison (202) 622-8424 Treasury attorney: Karl Walli (202) 622-5721 CC: FIP
Regulatory Flexibility Analysis Required: Undetermined  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
K. Scott Brown
Attorney
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue NW., Room 3535,
Washington, DC 20224
Phone:202 622-7454
Fax:202 622-4437
Email: k.scott.brown@irscounsel.treas.gov