OMB’s Office of Information and Regulatory Affairs (OIRA) acknowledged receipt of the following Treasury regulatory projects with respect to provisions under the U.S. tax law (Pub. L. No. 115-97) enacted in December 2017—the law that is at times referred to as the “Tax Cuts and Jobs Act” (TCJA).
Treasury regulations that are identified as “major” regulations are subject to review by OMB’s OIRA before issuance, pursuant to Executive Order 13771. Read TaxNewsFlash
With the addition of these two guidance projects, there are currently six Treasury regulatory guidance projects pending OIRA review, as of March 22, 2019 (according to the OIRA website) including:
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