[Federal Register Volume 62, Number 234 (Friday, December 5, 1997)]
[Rules and Regulations]
[Pages 64273-64274]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-31905]
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RAILROAD RETIREMENT BOARD
20 CFR Part 340
RIN 3220-AB32
Recovery of Benefits
AGENCY: Railroad Retirement Board.
ACTION: Final rule.
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SUMMARY: In an interim rule published August 1, 1997, the Railroad
Retirement Board (Board) amended part 340 of its regulations to reflect
its authority to compromise debts provided that the amount recoverable
does not exceed $100,000 exclusive of interest. The amendment conformed
the Board's regulations to present law. This document adopts the
interim rule as final without change.
DATES: Effective Date: This regulation is effective August 1, 1997.
ADDRESSES: Secretary to the Board, Railroad Retirement Board, 844 North
Rush Street, Chicago, Illinois 60611.
FOR FURTHER INFORMATION CONTACT: Thomas W. Sadler, Senior Attorney,
Railroad Retirement Board, 844 North Rush Street, Chicago, Illinois
60611, (312) 751-4513, TDD (312) 751-4701.
[[Page 64274]]
SUPPLEMENTARY INFORMATION: Section 8(b) of Public Law 101-552, enacted
November 15, 1990, amended section 3711 of title 31 of the United
States Code to increase from $20,000 to $100,000 (or a higher amount if
so prescribed by the Attorney General) the amount of a claim that an
agency is authorized to compromise. Consistent with the change in the
law, the Board is amending Sec. 340.13 of its regulations under the
Railroad Unemployment Insurance Act to reflect this change in law.
The Board, with the concurrence of the Office of Management and
Budget, has determined that this is not a major rule for the purposes
of Executive Order 12866. Therefore, no regulatory analysis is
required. This rule does not involve any information collection
requirements.
The Board published this rule as an interim final rule on August 1,
1997 (62 FR 41270), and comments were invited by September 30, 1997. No
comments were received. Accordingly, the interim final rule is adopted
as a final rule without change.
Dated: November 25, 1997.
By Authority of the Board.
Beatrice Ezerski,
Secretary to the Board.
[FR Doc. 97-31905 Filed 12-4-97; 8:45 am]
BILLING CODE 7905-01-P
