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TREAS/FISCAL RIN: 1530-AA25 Publication ID: Fall 2021 
Title: U.S. Treasury Securities--State and Local Government Securities 
Abstract:

The Department of the Treasury, Bureau of the Fiscal Service (Fiscal Service) plans to publish a notice of proposed rulemaking to amend regulation 31 CFR part 344 to make modest reductions in the current flexibilities available under the State and Local Government Series (SLGS) regulations.  In particular, the proposed regulations would eliminate certain practices that tax-exempt issuers may have used to create cost-free options in violation of the SLGS regulations.  Additionally, the program would be expanded to include issuers of other tax-advantaged securities and amended to make technical corrections.  Fiscal Service will request public comment on all aspects of the proposed rule, including the costs and difficulties posed to such issuers.

 
Agency: Department of the Treasury(TREAS)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 31 CFR 344   
Legal Authority: 26 U.S.C. 141 note    31 U.S.C. 3102, 3103, 3104 and 3121   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  07/00/2022 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Lisa Spears
Senior Attorney
Department of the Treasury
Bureau of the Fiscal Service
401 - 14th Street SW,
Washington, DC 20227
Phone:202 874-6680

Brian Metz
Attorney
Department of the Treasury
Bureau of the Fiscal Service
401 - 14th Street SW,
Washington, DC 20227
Phone:202 874-6680