The Internal Revenue Service wants to publish a final regulation in June 2006 that could affect recomputation of certain life insurance company reserves, and it could release a formal notice at any time about efforts to prevent discrimination in health savings account contributions.[@@]
Those are some of the items included in federal agencies’ latest regulatory agenda.
The U.S. Treasury Department, the parent of the IRS, and other arms of the federal government, such as the U.S. Department of Labor, have published their latest rulemaking agenda and regulatory plans today in the Federal Register.
The agenda will help guide the efforts of insurance industry lobbyists, benefits specialists and others who want to help shape future regulations, or simply to find out what is happening.
In December, for example, the Treasury Department’s Financial Crimes Enforcement Network is supposed to put out a final rule governing insurance companies’ efforts to detect and prevent money laundering.