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Federal Register / Vol. 85, No. 166 / Wednesday, August 26, 2020 / Notices

be summarized and/or included in the
request for OMB approval. Comments
will be of public record. Comments are
invited on: (a) Whether the collection of
information is necessary for the proper
performance of the functions of the
agency, including whether the
information has practical utility; (b) the
accuracy of the agency’s estimate of the
burden of the collection of information;
(c) ways to enhance the quality, utility,
and clarity of the information to be
collected; (d) ways to minimize the
burden of the collection of information
on or other forms of information
technology; and (e) estimates of capital
or start-up costs and costs of operation,
maintenance, and purchase of services
to provide information.
Approved: August 20, 2020.
Martha R. Brinson,
Tax Analyst.
[FR Doc. 2020–18749 Filed 8–25–20; 8:45 am]
BILLING CODE 4830–01–P

DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Certain Transfers of
Domestic Stock or Securities by U.S.
Persons to Foreign Corporations
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:

The Internal Revenue Service,
as part of its continuing effort to reduce
paperwork and respondent burden,
invites the general public and other
Federal agencies to take this
opportunity to comment on continuing
information collections, as required by
the Paperwork Reduction Act of 1995.
The IRS is soliciting comments
concerning certain transfers of domestic
stock or securities by U.S. persons to
foreign corporations.
DATES: Written comments should be
received on or before October 26, 2020
to be assured of consideration.
ADDRESSES: Direct all written comments
to Kinna Brewington, Internal Revenue
Service, Room 6526, 1111 Constitution
Avenue NW, Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the form should be directed to
Kerry Dennis, at (202) 317–5751 or
Internal Revenue Service, Room 6526,
1111 Constitution Avenue NW,
Washington, DC 20224, or through the
internet, at [email protected].
SUPPLEMENTARY INFORMATION:
SUMMARY:

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Title: Certain Transfers of Domestic
Stock or Securities by U.S. Persons to
Foreign Corporations.
OMB Number: 1545–1478.
Regulation Project Number: TD 8702.
Abstract: This regulation relates to
certain transfers of stock or securities of
domestic corporations pursuant to the
corporate organization, reorganization,
or liquidation provisions of the internal
Revenue Code. 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 under Code section 367(a). This
regulation provides that no U.S. person
will qualify for an exception unless the
U.S. target company complies with
certain reporting requirements.
Current Actions: There are no changes
being made to the regulations at this
time.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations.
Estimated Number of Respondents:
100.
Estimated Time per Respondent: 10
minutes.
Estimated Total Annual Burden
Hours: 1,000.
The following paragraph applies to all
the collections of information covered
by this notice.
An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
unless the collection of information
displays a valid OMB control number.
Books or records relating to a collection
of information must be retained if their
contents may become material in the
administration of any internal revenue
law. Generally, tax returns and tax
return information are confidential, as
required by 26 U.S.C. 6103.
Request for Comments: Comments
submitted in response to this notice will
be summarized and/or included in the
request for OMB approval. All
comments will become a matter of
public record. Comments are invited on:
(a) Whether the collection of
information is necessary for the proper
performance of the functions of the
agency, including whether the
information shall have practical utility;
(b) the accuracy of the agency’s estimate
of the burden of the collection of
information; (c) ways to enhance the
quality, utility, and clarity of the
information to be collected; (d) ways to
minimize the burden of the collection of
information on respondents, including
through the use of automated collection
techniques or other forms of information
technology; and (e) estimates of capital

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or start-up costs and costs of operation,
maintenance, and purchase of services
to provide information.
Approved: August 20, 2020.
Chakinna B. Clemons,
Supervisory Tax Analyst.
[FR Doc. 2020–18750 Filed 8–25–20; 8:45 am]
BILLING CODE 4830–01–P

DEPARTMENT OF VETERANS
AFFAIRS
[OMB Control No. 2900–0051]

Agency Information Collection Activity
Under OMB Review: State Approving
Agency Reports and Notices
Veterans Benefits
Administration, Department of Veterans
Affairs.
ACTION: Notice.
AGENCY:

In compliance with the
Paperwork Reduction Act (PRA) of 1995
this notice announces that the Veterans
Benefits Administration (VBA),
Department of Veterans Affairs, will
submit the collection of information
abstracted below to the Office of
Management and Budget (OMB) for
review and comment. The PRA
submission describes the nature of the
information collection and its expected
cost and burden; it includes the actual
data collection instrument.
DATES: Written comments and
recommendations for the proposed
information collection should be sent
within 30 days of publication of this
notice to www.reginfo.gov/public/do/
PRAMain. Find this particular
information collection by selecting
‘‘Currently under 30-day Review—Open
for Public Comments’’ or by using the
search function. Refer to ‘‘OMB Control
No. 2900–0051.
FOR FURTHER INFORMATION CONTACT:
Danny S. Green, Enterprise Records
Service (005R1B), Department of
Veterans Affairs, 810 Vermont Avenue
NW, Washington, DC 20420, (202) 421–
1354 or email [email protected].
Please refer to ‘‘OMB Control No. 2900–
0051’’ in any correspondence.
SUPPLEMENTARY INFORMATION:
Authority: 38 CFR 21.4154,
21.4250(b), 21.4258, 21.4259: 38 CFR
21.4154 which, addresses reporting
SAA activities (38 U.S.C. 3674(c)), 38
CFR 21.4250(b) which addresses notices
of approvals, suspension of approvals,
and disapprovals (38 U.S.C. 3678, 3679),
38 CFR 21.4258 which addresses notices
of approvals, and 38 CFR 21.4259 which
addresses notices of suspension or
disapproval.
SUMMARY:

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Federal Register / Vol. 85, No. 166 / Wednesday, August 26, 2020 / Notices
Title: State Approving Agency Reports
and Notices.
OMB Control Number: 2900–0051.
Type of Review: Revision of a
currently approved collection.
Abstract: Information collected under
38 CFR 21.4154—The SAA reports its
activities to VA quarterly. The SAA
does so electronically by completing a
web-based screen. VA uses the
information in the reports to support the
reimbursement of activities of the SAA.
Information collected under 38 CFR
21.4250(b), 21.4258, and 21.4259—The
SAA prepares notices of approval to
inform educational institutions, training
establishments, and organizations or
entities that their courses, training, or
tests are not approved or the approval
of previously approved courses,
training, or tests is suspended. The SAA
must also send VA a copy of each of
these notices. There are 57 SAAs, each
with its own jurisdiction for approval of
courses, training, or tests. Some States
have more than one SAA because one
internal agency is responsible for
schools, another for workplace training.
Additionally, the District of Columbia,
Puerto Rico and the U.S. Virgin Islands
have authorized SAA jurisdictions.
The SAA approves, disapproves, or
suspends program approval based on
the criteria in 38 U.S.C. chapter 36.
Some of the criteria used in these
determinations include site visits; and
review of course materials, training
programs, instructors’ credentials, or
review of tests for licensure and
certification.
VA uses the approval notice
information (or lack thereof) to
determine if payment of educational
assistance is appropriate. Under 38
U.S.C. 3680, VA may not provide
educational assistance to any eligible
veteran or eligible person if his or her
educational program or training
program does not meet the requirements
of 38 U.S.C. 3670 et seq. Without these
notices, VA would not know which
programs the SAA determined met the
criteria in 38 U.S.C. chapter 36. Without
disapproval notices, or notices of
suspended approval, VA would make
inappropriate payments to Veterans and
their dependents. 38 CFR 21.4258(a)
requires the SAA list individual
programs approved in the notice. This
requirement is needed since not all
courses/programs an educational
institution provides are approvable
under 38 U.S.C. chapter 36. For
example, some schools offer courses
that are recreational in nature. Payment
for recreational courses is prohibited
under 38 U.S.C. 3680A. Listing
approved courses in the notice ensures

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VA pays educational assistance for only
those courses/programs approved.
An agency may not conduct or
sponsor, and a person is not required to
respond to a collection of information
unless it displays a currently valid OMB
control number. The Federal Register
Notice with a 60-day comment period
soliciting comments on this collection
of information was published at 85 FR
80 on April 24, 2020, page 23139.
Affected Public: Individuals or
households.
Estimated Annual Burden: 68,043
hours.
Estimated Average Burden per
Respondent: 15 hours.
Frequency of Response: Once
Quarterly.
Actual Number of Respondents:
4,578.
By direction of the Secretary.
Danny S. Green,
VA Clearance Officer, Office of Quality,
Performance and Risk, Department of
Veterans Affairs.
[FR Doc. 2020–18694 Filed 8–25–20; 8:45 am]
BILLING CODE 8320–01–P

DEPARTMENT OF VETERANS
AFFAIRS
[OMB Control No. 2900–0657]

Agency Information Collection Activity
Under OMB Review: Conflicting
Interests Certification for Proprietary
Schools
Veterans Benefits
Administration, Department of Veterans
Affairs.
ACTION: Notice.
AGENCY:

In compliance with the
Paperwork Reduction Act (PRA) of 1995
this notice announces that the Veterans
Benefits Administration (VBA),
Department of Veterans Affairs, will
submit the collection of information
abstracted below to the Office of
Management and Budget (OMB) for
review and comment. The PRA
submission describes the nature of the
information collection and its expected
cost and burden; it includes the actual
data collection instrument.
DATES: Written comments and
recommendations for the proposed
information collection should be sent
within 30 days of publication of this
notice to www.reginfo.gov/public/do/
PRAMain. Find this particular
information collection by selecting
‘‘Currently under 30-day Review—Open
for Public Comments’’ or by using the
search function. Refer to ‘‘OMB Control
No. 2900–0657.’’
SUMMARY:

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52661

FOR FURTHER INFORMATION CONTACT:

Danny S. Green, Enterprise Records
Service (005R1B), Department of
Veterans Affairs, 810 Vermont Avenue
NW, Washington, DC 20420, (202) 421–
1354 or email [email protected].
Please refer to ‘‘OMB Control No. 2900–
0657’’ in any correspondence.
SUPPLEMENTARY INFORMATION:
Authority: 38 U.S.C. 3683; 38 CFR
21.4200(z); 38 CFR 21.4202(c); 38 CFR
21.5200(c); 38 CFR 21.7122(e)(6); and 38
CFR 21.7622(f)(4)(iv).
Title: Conflicting Interests
Certification for Proprietary Schools.
OMB Control Number: 2900–0657.
Type of Review: Revision of a
currently approved collection.
Abstract: Schools are required to
submit information necessary to
determine if their programs of training
are approved for the payment of VA
educational assistance. This specified
information is submitted either to VA or
to the State Approving Agency (SAA)
having jurisdiction over that school.
Certain schools are considered
‘‘proprietary’’ schools. A proprietary
educational institution, as defined in 38
CFR 21.4200(z), is a private institution
legally authorized to offer a program of
education in the State where the
institution is physically located. Section
3683 of title 38, U.S.C., and sections of
title 38 of the Code of Federal
Regulations (CFR) establish conflict of
interest restrictions related to
proprietary schools. The VA Form 22–
1919 is the instrument VA has
implemented to address these
restrictions.
(a) VA Form 22–1919 is only used to
collect information on two issues:
(i) Section 3683 of title 38, U.S.C.,
prohibits employees of VA and the SAA
from owning any interest in an
educational institution operated forprofit. In addition, the law prohibits VA
or SAA employees from receiving any
wages, salary, dividends, profits, or gifts
from private for-profit schools in which
an eligible person is pursuing a program
of education under an educational
assistance program administered by VA.
In addition, the law prohibits VA
employees from receiving any services
from these schools. These provisions
may be waived if VA determines that no
detriment will result to the government,
or to Veterans or eligible persons
enrolled at that private for-profit school.
Item 1 of VA Form 22–1919 collects the
name and title of affected VA and SAA
employees known by the President (or
Chief Administrative Official) of the
school, as well as a description of these
employees’ association with that school.
(ii) Sections 21.4202(c), 21.5200(c),
21.7122(e)(6), and 21.7622(f)(4)(iv) of

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