Proposed Rule2022-17996
Reopening of Comment Period and Hearing Regarding Proposed Amendment to Procedures Governing the Filing and Processing of Prohibited Transaction Exemption Applications
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
August 22, 2022
Issuing agencies
Labor DepartmentEmployee Benefits Security Administration
Abstract
The Department of Labor's Employee Benefits Security Administration (EBSA) will hold a virtual public hearing regarding the proposed amendment to its prohibited transaction exemption filing and processing procedures. EBSA welcomes requests from the general public to testify at the hearing. As discussed in the DATES section below, the Department of Labor (the Department) also is reopening the comment period regarding the proposed amendment to its prohibited transaction exemption filing and processing procedures.
Full Text
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<title>Federal Register, Volume 87 Issue 161 (Monday, August 22, 2022)</title>
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[Federal Register Volume 87, Number 161 (Monday, August 22, 2022)]
[Proposed Rules]
[Pages 51299-51300]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-17996]
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DEPARTMENT OF LABOR
Employee Benefits Security Administration
29 CFR Part 2570
RIN 1210-AC05
Reopening of Comment Period and Hearing Regarding Proposed
Amendment to Procedures Governing the Filing and Processing of
Prohibited Transaction Exemption Applications
AGENCY: Employee Benefits Security Administration.
ACTION: Hearing announcement and reopening of the comment period.
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SUMMARY: The Department of Labor's Employee Benefits Security
Administration (EBSA) will hold a virtual public hearing regarding the
proposed amendment to its prohibited transaction exemption filing and
processing procedures. EBSA welcomes requests from the general public
to testify at the hearing.
As discussed in the DATES section below, the Department of Labor
(the Department) also is reopening the comment period regarding the
proposed amendment to its prohibited transaction exemption filing and
processing procedures.
DATES: The public hearing will be held on September 15, 2022, and (if
necessary) September 16, 2022, via WebEx beginning at 9 a.m. EDT.
Requests to testify at the hearing should be submitted to the
Department on or before September 8, 2022. The Department will reopen
the comment period for the proposed amendment on September 15, 2022.
The Department will publish a Federal Register notice announcing that
the hearing transcript is available on EBSA's web page and when the
reopened comment period closes.
ADDRESSES: Please submit all comments and requests to testify
concerning the proposed rule to the Office of Exemption Determinations
through the Federal eRulemaking Portal at <a href="http://www.regulations.gov">www.regulations.gov</a> using
Docket ID number EBSA-2022-0003. Instructions are provided at the end
of this notice.
FOR FURTHER INFORMATION CONTACT: Brian Shiker, Office of Exemption
Determinations, EBSA, by phone at (202) 693-8552 (not a toll-free
number) or email <a href="/cdn-cgi/l/email-protection#f4879c9d9f9186da96869d959ab4909b98da939b82"><span class="__cf_email__" data-cfemail="d4a7bcbdbfb1a6fab6a6bdb5ba94b0bbb8fab3bba2">[email protected]</span></a>.
SUPPLEMENTARY INFORMATION:
Background
This spring, the Department published a proposed amendment (the
Rule) that would update its existing procedures governing the filing
and processing of applications for administrative exemptions from the
prohibited transaction provisions of the Employee Retirement Income
Security Act, the Internal Revenue Code, and the Federal Employees'
Retirement System Act. The Rule was published in the Federal Register
(87 FR 14722) on March 15, 2022.
The Department received 29 comment letters on the Rule before the
public comment period ended on May 29, 2022. After consideration of the
comments, including a written request for a public hearing, the
Department has decided to hold a virtual public hearing to provide an
opportunity for all interested parties to testify on material factual
information regarding the Rule.
The hearing will be held via WebEx on September 15, 2022, and (if
necessary) September 16, 2022, beginning at 9 a.m. EDT. It will be
transcribed. Registration information to access and view the hearing
will be available on EBSA's website: <a href="http://www.dol.gov/agencies/ebsa">www.dol.gov/agencies/ebsa</a>.
Instructions for Submitting Requests To Testify
Individuals and organizations interested in testifying at the
public hearing must submit a written request to testify and a summary
of their testimony by September 8, 2022. Requests to testify must
include:
(1) the name, title, organization, address, email address, and
telephone number of the individual who would testify;
(2) if applicable, the name of the organization(s) whose views
would be represented;
[[Page 51300]]
(3) the date of the requestor's written comment on the Rule (if
applicable); and
(4) a concise summary of the testimony that would be presented.
Any requestors with disabilities requiring special accommodations
for their testimony should contact Mr. Brian Shiker after submitting
their written request.
The Department will organize the hearing into several moderated
panels. Presenters will be given 10 minutes to testify, and they should
be prepared to answer questions regarding their testimony. EBSA will
post an agenda containing the panel compositions and presentation times
on <a href="http://www.dol.gov/agencies/ebsa">www.dol.gov/agencies/ebsa</a> no later than September 13, 2022.
EBSA may limit the number of presenters based on how many testimony
requests it receives. In that event, EBSA will ensure that the broadest
array of viewpoints on all aspects of the Rule are represented and will
include in the public record all testimony summaries it receives.
Reopening of Comment Period
The Department will reopen the Rule's comment period beginning on
the hearing date (September 15, 2022) until approximately 14 days after
the Department publishes the hearing transcript on EBSA's web page. The
Department will publish a Federal Register notice announcing that the
hearing transcript is available on EBSA web page and when the reopened
comment period closes.
All comments and requests to testify will be available to the
public, without charge, online at <a href="http://www.regulations.gov">www.regulations.gov</a>, at Docket ID
number: EBSA-2022-0003 and <a href="http://www.dol.gov/ebsa">www.dol.gov/ebsa</a>. They also will be
available for public inspection in the Public Disclosure Room of the
Employee Benefits Security Administration, U.S. Department of Labor,
Room N-1513, 200 Constitution Avenue NW, Washington, DC 20210; however,
the Public Disclosure Room may be closed for all or a portion of the
reopened comment period due to circumstances surrounding the COVID-19
pandemic caused by the novel coronavirus.
Warning to Commentors and Requestors: Please DO NOT submit any
personal information you consider to be confidential or protected (such
as your Social Security number or an unlisted phone number) or any
confidential business information you do not want to be publicly
disclosed on your comment, request to testify, and testimony summary.
Please also be aware that the Federal eRulemaking Portal on
<a href="http://Regulations.gov">Regulations.gov</a> is an ``anonymous access'' system, meaning EBSA will
not know your identity or contact information unless you provide it.
Signed at Washington, DC, this 15th day of August, 2022.
Ali Khawar,
Acting Assistant Secretary, Employee Benefits Security Administration,
U.S. Department of Labor.
[FR Doc. 2022-17996 Filed 8-19-22; 8:45 am]
BILLING CODE 4510-29-P
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