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DHS/USICE RIN: 1653-AA66 Publication ID: 2012 
Title: ●New Treasury Determination of Interest Rate for Cash Deposits to Secure Immigration Bonds 
Abstract: The Department proposes to amend its regulations at 8 CFR part 293 addressing the payment of interest on cash bond deposits to reflect a recent determination made by the Department of the Treasury (Treasury) to change the interest rate. The proposed rule would change the interest rate paid on cash deposited to secure immigration bonds from a fixed rate of 3 percent per annum to a fluctuating "T-Bill rate," as determined each quarter by Treasury, but not exceeding 3 percent per annum. The rule would better reflect market conditions for interest payments and reduce the amount of interest paid by the Government on cash bond deposits. By statute, Treasury is authorized to set the interest rate paid on immigration bond cash deposits provided that the rate does not exceed 3 percent per annum. 8 U.S.C. 1363. 
Agency: Department of Homeland Security(DHS)  Priority: Other Significant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: Undetermined  Unfunded Mandates: No 
CFR Citation: 8 CFR 293   
Legal Authority: 8 USC 1363   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  04/00/2013 
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:
Beth Cook
Deputy Chief, Office of the Principal Legal Advisor
Department of Homeland Security
U.S. Immigration and Customs Enforcement
Suite 200, 166 Sycamore Street,
Williston, VT 05495
Phone:802 288-7742
Email: beth.e.cook@ice.dhs.gov