96-2991. Public Information Collection Requirements Submitted to OMB for Review

[Federal Register Volume 61, Number 29 (Monday, February 12, 1996)]
[Notices]
[Page 5440]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-2991]



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DEPARTMENT OF THE TREASURY

Public Information Collection Requirements Submitted to OMB for 
Review

February 6, 1996.
    The Department of Treasury has submitted the following public 
information collection requirement(s) to OMB for review and clearance 
under the Paperwork Reduction Act of 1980, Public Law 96-511. Copies of 
the submission(s) may be obtained by calling the Treasury Bureau 
Clearance Officer listed. Comments regarding this information 
collection should be addressed to the OMB reviewer listed and to the 
Treasury Department Clearance Officer, Department of the Treasury, Room 
2110, 1425 New York Avenue, NW., Washington, DC 20220.

Internal Revenue Service (IRS)

    OMB Number: 1545-1477.
    Regulation ID Number: EE-34-95 NPRM and Temporary.
    Type of Review: Extension.
    Title: Notice of Significant Reduction in the Rate of Future 
Benefit Accrual.
    Description: In order to protect the rights of participants in 
qualified pension plans, plan administrators must provide notice to 
plan participants and other parties, if the plan is amended in a 
particular manner. No government agency receives the information.
    Respondents: Business or other for-profit.
    Estimated Number of Respondents: 3,000.
    Estimated Burden Hours Per Respondent: 5 hours.
    Frequency of Response: Other (once).
    Estimated Total Reporting Burden: 15,000 hours.

    OMB Number: 1545-1478.
    Regulation ID Number: INTL-9-95 NPRM and Temporary.
    Type of Review: Extension.
    Title: Certain Transfers of Domestic Stock or Securities by U.S. 
Persons to Foreign Corporations.
    Description: Transfers of stock or securities by U.S. persons in 
tax-free transactions are treated as taxable transactions when the 
acquirer is a foreign corporation, unless an exception applies (section 
367(a)). Under the new regulations, no U.S. person will qualify for an 
exception unless the U.S. target company complies with certain 
reporting requirements.
    Respondents: Business or other for-profit.
    Estimated Number of Respondents: 100.
    Estimated Burden Hours Per Respondent: 10 hours.
    Frequency of Response: Other (once).
    Estimated Total Reporting Burden: 1,000 hours.
    Clearance Officer: Garrick Shear [phone], Internal Revenue 
Service, Room 5571, 1111 Constitution Avenue, N.W., Washington, DC 
20224.
    OMB Reviewer: Milo Sunderhauf [phone], Office of Management 
and Budget, Room 10226, New Executive Office Building, Washington, DC 
20503.
Lois K. Holland,
Departmental Reports Management Officer.
[FR Doc. 96-2991 Filed 2-9-96; 8:45 am]
BILLING CODE 4830-01-P