Notice of Reporting Instructions Under the Rebuilding Economic Prosperity and Opportunity for Ukrainians Act

60568 Federal Register / Vol. 89, No. 144 / Friday, July 26, 2024 / Rules and Regulations specialist at one of the public passport agency/center counters located within the United States as an alternative to requiring a notarized statement, when an application is pending at a passport agency/center. List of Subjects in 22 CFR Part 51 Passports. Accordingly, for the reasons set forth in the preamble, 22 CFR part 51 is amended as follows: PART 51—PASSPORTS ■ 1. The authority citation for part 51 continues to read as follows: Authority: 8 U.S.C. 1104; 8 U.S.C. 1185; 8 U.S.C. 1185n (text of Pub. L. 108–458, 118 Stat. 3638, 3823 (Dec. 17, 2004)); 8 U.S.C. 1504; 8 U.S.C. 1714;; 22 U.S.C. 211a, 212, 212a, 212b, 213, 213n (Pub. L. 106–113 Div. B, Sec. 1000(a)(7) [Div. A, Title II, Sec. 236], 113 Stat. 1536, 1501A–430); 214, 214a, 217a, 218, 2651a, 2671(d)(3), 2705, 2714, 2714a, 2721, and 3926; 26 U.S.C. 6039E; 26 CFR 301.6039E–1; 31 U.S.C. 9701; 34 U.S.C. 21501–21510; 42 U.S.C. 652(k) ; E.O. 11295, Aug. 5, 1966, 31 FR 10603, 3 CFR, 1966–1970 Comp., p. 570; Pub. L. 114–119, 130 Stat. 15. ■ 2. In § 51.28, revise paragraphs (a)(3)(i), and (a)(4)(i) and (ii) to read as follows: § 51.28 Minors. (a) * * * (3) * * * (i) A written statement or affidavit from the non-applying parent or legal guardian, if applicable, consenting to the issuance of the passport, and signed before a notary public or, when authorized by the Department, a passport specialist at a public passport agency/center counter operated by the Department of State.

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(4) * * * (i) A person may apply in loco parentis on behalf of a minor under age 16 by submitting a written statement or affidavit from all parents or each legal guardian, if any, specifically authorizing the application, and signed before a notary public or, when authorized by the Department, a passport specialist at a public passport agency/center counter operated by the Department of State. (ii) If only one parent or legal guardian provides the written statement or affidavit, the applicant must provide documentary evidence that an application may be made by one parent or legal guardian, consistent with this regulation.

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Donald Jacobson, Acting Deputy Assistant Secretary, Bureau of Consular Affairs, Department of State. [FR Doc. 2024–16363 Filed 7–25–24; 8:45 am] BILLING CODE 4710–13–P DEPARTMENT OF THE TREASURY Office of Foreign Assets Control 31 CFR Chapter V Notice of Reporting Instructions Under the Rebuilding Economic Prosperity and Opportunity for Ukrainians Act AGENCY: Office of Foreign Assets Control, Treasury. ACTION: Notification of reporting instructions under the Rebuilding Economic Prosperity and Opportunity for Ukrainians Act. SUMMARY: The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is publishing reporting instructions in the Federal Register. The reporting instructions, issued pursuant to the Rebuilding Economic Prosperity and Opportunity for Ukrainians Act were published on the OFAC website on July 23, 2024. DATES: Reporting Instructions under the Rebuilding Economic Prosperity and Opportunity for Ukrainians Act, Public Law 118–50, Division F, were issued on July 23, 2024. FOR FURTHER INFORMATION CONTACT: OFAC: Associate Director for Global Targeting, tel.: 202–622–2420; Assistant Director for Licensing, tel.: 202–622– 2480; Assistant Director for Regulatory Affairs, tel.: 202–622–4855; or Assistant Director for Compliance, tel.: 202–622– 2490. SUPPLEMENTARY INFORMATION: Electronic Availability This document and additional information concerning OFAC are available on OFAC’s website: https:// ofac.treasury.gov/. Background The Rebuilding Economic Prosperity and Opportunity for Ukrainians Act, Public Law 118–50, Division F (the ‘‘REPO for Ukrainians Act’’ or the ‘‘Act’’), was enacted on April 24, 2024. Section 104(a)(1) of the Act provides that ‘‘the President shall, by means of such instructions or regulations as the President may prescribe, require any financial institution at which Russian sovereign assets are located, and that knows or should know of such assets, to provide notice of such assets, including relevant information required under section 501.603(b)(ii) [sic] of title 31, Code of Federal Regulations (or successor regulations), to the Secretary of the Treasury not later than 10 days after detection of such assets.’’ On July 22, 2024, the President delegated the functions and authorities in section 104(a)(1) of the Act to the Secretary of the Treasury. On July 23, 2024, OFAC issued Reporting Instructions under the Act. Paperwork Reduction Act Pursuant to the Paperwork Reduction Act of 1995 (44 U.S.C. 3507), the collections of information related to the Reporting, Procedures and Penalties Regulations, 31 CFR part 501 (the ‘‘Regulations’’), have been previously approved by the Office of Management and Budget (OMB) under OMB control number 1505–0164 Reporting, Procedures and Penalties Regulation. These reporting instructions, issued pursuant to the REPO for Ukrainians Act, and the form used to collect that information, are substantially similar to the collections of information issued pursuant to the Regulations. Specifically, these reporting instructions require financial institutions to report on Russian sovereign assets that they hold that have not already been reported pursuant to § 501.603 of the Regulations or Directive 4 under Executive Order 14024, both of which are included within the existing collections of information related to the Regulations that have been previously approved by OMB. These instructions, and the form available to report such information, have been submitted to OMB for review and approval under OMB control number 1505–0164 Reporting, Procedures and Penalties Regulation. The likely respondents and record￾keepers affected by these reporting instructions are financial institutions. OFAC has reviewed its existing data on reports of blocked or immobilized property, as well as data on the number of financial institutions likely to be holding Russian sovereign assets, to estimate the reporting burden, as set forth below. Title: Reporting, Procedures and Penalties Regulations. OMB Control Number: 1505–0164. Form Name: REPO For Ukrainians Act Report Form. Form Number: TD–F 93.09. Type of Review: Revision. Affected Public: Private Sector— Financial Institutions. VerDate Sep<11>2014 16:03 Jul 25, 2024 Jkt 262001 PO 00000 Frm 00020 Fmt 4700 Sfmt 4700 E:\FR\FM\26JYR1.SGM 26JYR1 ddrumheller on DSK120RN23PROD with RULES1

Federal Register / Vol. 89, No. 144 / Friday, July 26, 2024 / Rules and Regulations 60569 Estimated Number of Financial Institution Respondents: 300. Frequency of Response: On occasion. Estimated Total Number of Annual Responses: 300. Estimated Time per Response: 30 minutes. Estimated Total Annual Burden Hours: 150 hours. The text of the reporting instructions is provided below. OFFICE OF FOREIGN ASSETS CONTROL Reporting Instructions Under the Rebuilding Economic Prosperity and Opportunity for Ukrainians Act Pursuant to section 104(a) of the Rebuilding Economic Prosperity and Opportunity for Ukrainians Act, Public Law 118–50, Division F (the ‘‘REPO for Ukrainians Act,’’ or the ‘‘Act’’), all financial institutions at which Russian sovereign assets are located, and that know or should know of such assets, are required to provide notice of such assets to the Office of Foreign Assets Control (OFAC) no later than August 2, 2024 or within 10 days of the detection of such assets. Financial institutions that maintain correspondent or payable￾through accounts on behalf of foreign financial institutions should exercise reasonable due diligence to report any Russian sovereign assets held in such accounts. Financial institutions may rely on reports regarding Russian sovereign assets located at the financial institution that are filed pursuant to Directive 4 under Executive Order (E.O.) 14024 or in reports of blocked property filed pursuant to 31 CFR 501.603(b) to fulfill their obligations under section 104(a) of the Act with respect to those assets and should not re-report to OFAC any such assets under this instruction. Reports provided under this instruction shall identify Russian sovereign assets not otherwise reported to OFAC pursuant to Directive 4 under E.O. 14024 or in reports of blocked property filed pursuant to 31 CFR 501.603(b). (a) Reports. Reports of Russian sovereign assets shall include the following: (1) The name and address of the person in possession or control of the property; (2) The date the property came into the possession or control of such person; (3) The person that owns the account or property; (4) A description of the property and its location in the United States or otherwise, including any relevant account types, account numbers, reference numbers, dates, or other information necessary to identify the property; (5) The actual, or if unknown, estimated value of the property in U.S. dollars. Foreign currencies must be reported in U.S. dollars with the foreign currency amount and notional exchange rate in the narrative; and (6) A copy of the most recent relevant account statement or other documentation to support the estimated value of the property. Reports under this instruction should be submitted using the REPO for Ukrainians Act Report Form, which is available on OFAC’s website (https:// ofac.treasury.gov/). Financial institutions with responsive information should email completed forms to ofacreport@treasury.gov with the subject line, ‘‘[Name of Financial Institution] REPO for Ukrainians Act Report.’’ (b) Definitions. Pursuant to section 2 of the Act and for purposes of these instructions: (1) The term ‘‘financial institution’’ means a financial institution specified in subparagraph (A), (B), (C), (D), (E), (F), (G), (H), (I), (J), (M), or (Z) of section 5312(a)(2) of title 31 United States Code. (2) The term ‘‘Russian sovereign asset’’ means any of the following, regardless of whether such asset is blocked or effectively immobilized by the Department of the Treasury: (A) Funds and other property of (i) the Central Bank of the Russian Federation, (ii) the Russian National Wealth Fund, or (iii) the Ministry of Finance of the Russian Federation; or (B) any other funds or other property that are owned by the Government of the Russian Federation, including by any subdivision, agency, or instrumentality of that government. Bradley T. Smith, Director, Office of Foreign Assets Control. [FR Doc. 2024–16479 Filed 7–25–24; 8:45 am] BILLING CODE 4810–AL–P DEPARTMENT OF HOMELAND SECURITY Coast Guard 33 CFR Part 100 [Docket Number USCG–2024–0359] RIN 1625–AA08 Special Local Regulation; San Jacinto River, Houston, TX AGENCY: Coast Guard, DHS. ACTION: Final rule. SUMMARY: The Coast Guard is establishing a special local regulation to provide for the safety of life on certain waters of the San Jacinto River, in Houston, TX. This regulation will be enforced during a high-speed boat race every third weekend in July. This regulation prohibits persons and vessels from being in the regulated areas unless authorized by the Captain of the Port Houston-Galveston or designated Coast Guard Patrol Commander. DATES: This rule is effective without actual notice from July 26, 2024. For the purposes of enforcement, actual notice will be used from July 20, 2024, until July 26, 2024. ADDRESSES: To view documents mentioned in this preamble as being available in the docket, go to https:// www.regulations.gov, type USCG–2024– 0359 in the search box and click ‘‘Search.’’ Next, in the Document Type column, select ‘‘Supporting & Related Material.’’ FOR FURTHER INFORMATION CONTACT: If you have questions about this rulemaking, call or email Lieutenant Rudy Ortega, Sector Houston-Galveston Waterways Management Division, U.S. Coast Guard; telephone 713–398–5823, email houstonwwm@uscg.mil. SUPPLEMENTARY INFORMATION: I. Table of Abbreviations CFR Code of Federal Regulations COTP Captain of the Port Houston￾Galveston DHS Department of Homeland Security FR Federal Register NPRM Notice of proposed rulemaking § Section U.S.C. United States Code II. Background Information and Regulatory History On April 18, 2024, an organization notified the Coast Guard that it will be conducting an annual high speed boat race every third weekend in July in the navigable waters of San Jacinto River, Houston, TX. The Captain of the Port Houston-Galveston (COTP) has determined that potential hazards associated with the power boat race will be a safety concern for anyone within the Pre-Stage Zone, Approach Zone, Course Run Zone, and Shut-Down Zone before, during, and after the scheduled event. In response, on June 3, 2024, the Coast Guard published a notice of proposed rulemaking (NPRM) titled Special Local regulation; San Jacinto River, Houston, TX (89 FR 55131). There we stated why we issued the NPRM and invited comments on our proposed regulatory action related to this boat race. During the comment VerDate Sep<11>2014 16:03 Jul 25, 2024 Jkt 262001 PO 00000 Frm 00021 Fmt 4700 Sfmt 4700 E:\FR\FM\26JYR1.SGM 26JYR1 ddrumheller on DSK120RN23PROD with RULES1