[Federal Register Volume 84, Number 231 (Monday, December 2, 2019)]
[Proposed Rules]
[Pages 65937-65938]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-25955]


=======================================================================
-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-105474-18]
RIN 1545-BO59, 1545-BM69


Guidance on Passive Foreign Investment Companies; Hearing 
Cancellation

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Cancellation of notice of public hearing on proposed 
rulemaking.

-----------------------------------------------------------------------

SUMMARY: This document cancels a public hearing on proposed regulations 
under sections 1291, 1297, and 1298 of the Internal Revenue Code 
(``Code'') regarding the determination of ownership in a passive 
foreign investment company within the meaning of section 1297(a) 
(``PFIC'') and

[[Page 65938]]

the treatment of certain income received or accrued by a foreign 
corporation and assets held by a foreign corporation for purposes of 
section 1297.

DATES: The public hearing, originally scheduled for December 9, 2019 at 
10:00 a.m. is cancelled.

ADDRESSES: The cancelled hearing was originally scheduled to be held at 
the Internal Revenue Service Building, 1111 Constitution Avenue NW, 
Washington, DC 20224.

FOR FURTHER INFORMATION CONTACT: Regina Johnson, Publications and 
Regulations Specialist at (202) 317-6901 (not a toll-free number).

SUPPLEMENTARY INFORMATION: A notice of public hearing that appeared in 
the Federal Register on Thursday, October 3, 2019 (84 FR 52835) 
announced that a public hearing was scheduled December 9, 2019 at 10:00 
a.m. in the IRS Auditorium, Internal Revenue Service Building, 1111 
Constitution Avenue NW, Washington, DC. The subject of the public 
hearing is under sections 1291, 1297, and 1298 of the Internal Revenue 
Code.
    The public comment period for these regulations expired on 
September 9, 2019. The notice of hearing instructed those interested in 
testifying at the public hearing to submit an outline of the topics to 
be discussed. The outline of topics to be discussed was due by November 
22, 2019. As of November 22, 2019, no one has requested to speak. 
Therefore, the public hearing scheduled for December 9, 2019 at 10:00 
a.m. is cancelled.

Martin V. Franks,
Branch Chief, Publications and Regulations Branch, Legal Processing 
Division, Associate Chief Counsel.
[FR Doc. 2019-25955 Filed 11-29-19; 8:45 am]
BILLING CODE 4830-01-P