Corporate Bond Yield Curve for Determining Present Value; Hearing Cancellation
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Issuing agencies
Abstract
This document cancels a public hearing on proposed regulations specifying the methodology for constructing the corporate bond yield curve that is used to derive the interest rates used in calculating present value and making other calculations under a defined benefit plan, as well as for discounting unpaid losses and estimated salvage recoverable of insurance companies.
Full Text
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<title>Federal Register, Volume 88 Issue 166 (Tuesday, August 29, 2023)</title>
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[Federal Register Volume 88, Number 166 (Tuesday, August 29, 2023)]
[Proposed Rules]
[Page 59482]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-18622]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 1
[REG-124123-22]
RIN 1545-BQ57
Corporate Bond Yield Curve for Determining Present Value; Hearing
Cancellation
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Cancellation of a public hearing on a proposed rulemaking.
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SUMMARY: This document cancels a public hearing on proposed regulations
specifying the methodology for constructing the corporate bond yield
curve that is used to derive the interest rates used in calculating
present value and making other calculations under a defined benefit
plan, as well as for discounting unpaid losses and estimated salvage
recoverable of insurance companies.
DATES: The public hearing scheduled for August 30, 2023, at 10 a.m. ET
is cancelled.
FOR FURTHER INFORMATION CONTACT: Vivian Hayes of the Publications and
Regulations Branch, Associate Chief Counsel (Procedure and
Administration) at (202) 317-6901 (not a toll-free number).
SUPPLEMENTARY INFORMATION: A notice of proposed rulemaking and a notice
of public hearing that appeared in the Federal Register on June 23,
2023 (88 FR 41047) announced that a public hearing being held in person
and by teleconference was scheduled for August 30, 2023, at 10 a.m. ET.
The subject of the public hearing is under 26 CFR part 1.
The public comment period for these regulations expired on August
22, 2023. The notice of proposed rulemaking and notice of public
hearing instructed those interested in testifying at the public hearing
to submit a request to testify and an outline of the topics to be
addressed. We did not receive a request to testify at the Public
Hearing. Therefore, the public hearing scheduled for August 30, 2023,
at 10 a.m. ET is cancelled.
Oluwafunmilayo A. Taylor,
Branch Chief, Publications and Regulations Branch, Associate Chief
Counsel, (Procedure & Administration).
[FR Doc. 2023-18622 Filed 8-28-23; 8:45 am]
BILLING CODE 4830-01-P
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