Proposed Extension of Information Collection Request Submitted for Public Comment; Final Rule on Plan Loans to Participants and Beneficiaries, 33536-33537 [E7-11668]

Download as PDF jlentini on PROD1PC65 with NOTICES 33536 Federal Register / Vol. 72, No. 116 / Monday, June 18, 2007 / Notices community organizations to effect program practices and grant writing, research to better understand the role nonprofits can play in social services, and other innovative projects. The Task Force for Faith-Based and Community Initiatives (TFFBCI) of the U.S. Department of Justice (DOJ) provides assistance to faith-based and community organizations in identifying funding opportunities within the Federal government for which they are eligible to apply. DOJ administers programs to provide assistance to victims of crime, prisoners and exoffenders, and women who suffer domestic violence. In addition, DOJ has initiatives to target gang violence and atrisk youth. Time and Place: The meeting will be held from on November 27–28, 2007 in Los Angeles, CA. Submission of Papers: All paper concepts submitted will be reviewed by a panel of DOL and DOJ experts in the prisoner reentry arena and presenters will be notified if their papers are selected. Papers selected for the conference will be published as part of our White House National Summit on Prison Reentry Paper Series. If interested, please submit your paper concept in hard copy and diskette/CD (Word Perfect or Word) by September 30, 2007. Paper concepts should be doubled-spaced and single sided. You will be notified by October 26, 2007 if your paper is selected; you will have to confirm your attendance by November 9, 2007. Please send your paper concept to: Christopher Stio, U.S. Department of Labor, Center for Faith-Based & Community Initiatives, 200 Constitution Avenue, NW., Room S–2235, Washington, DC 20210. Christopher Stio may be reached at (202) 693–6450. We also encourage submitting abstracts for papers that have not yet been completed, but will be completed before the deadline for submission of papers. All papers submitted, including abstracts, must be the original work of the author(s) submitting such materials. Each author whose paper is selected for publication will be required to verify in writing that his/her submission(s) is an original work of authorship. In addition, the author of each submission grants to the U.S. Government a royalty-free, irrevocable license to reproduce, distribute, create derivative works from, and publicly perform and display such work in any form or medium, including print or electronic, without geographic limitation. Public Participation: This Conference is open to the public; there is no registration fee. VerDate Aug<31>2005 18:19 Jun 15, 2007 Jkt 211001 Signed at Washington, DC, this 12th day of June, 2007. Rhett Butler, Director, U.S. Department of Labor, Center for Faith-Based and Community Initiatives. [FR Doc. 07–2959 Filed 6–15–07; 8:45 am] BILLING CODE 4510–23–P DEPARTMENT OF LABOR Employee Benefits Security Administration Proposed Extension of Information Collection Request Submitted for Public Comment; Final Rule on Plan Loans to Participants and Beneficiaries Employee Benefits Security Administration, Department of Labor. ACTION: Notice. AGENCY: The Department of Labor (the Department), in accordance with the Paperwork Reduction Act of 1995 (PRA 95) (44 U.S.C. 3506(c)(2)(A)), provides the general public and Federal agencies with an opportunity to comment on proposed and continuing collections of information. This helps the Department assess the impact of its information collection requirements and minimize the public’s reporting burden. It also helps the public understand the Department’s information collection requirements and provide the requested data in the desired format. The Employee Benefits Security Administration is soliciting comments on the proposed extension of the information collection provisions of its regulation relating to loans to plan participants and beneficiaries who are parties in interest with respect to the plan (29 CFR 2550.408b-1). A copy of the information collection request (ICR) may be obtained by contacting the office listed in the ADDRESSES section of this notice. ICRs also are available at reginfo.gov (https://www.reginfo.gov/ public/do/PRAMain). DATES: Written comments must be submitted to the office shown in the ADDRESSES section on or before August 17, 2007. ADDRESSES: Joseph S. Piacentini, Department of Labor, Employee Benefits Security Administration, 200 Constitution Avenue, NW., Washington, DC 20210, (202) 693–8410, FAX (202) 693–4745 (these are not toll-free numbers). SUPPLEMENTARY INFORMATION: SUMMARY: I. Background The Employee Retirement Income Security Act of 1974 (ERISA) prohibits PO 00000 Frm 00092 Fmt 4703 Sfmt 4703 a plan fiduciary from causing the plan to engage in a transaction if he knows or should know that such transaction constitutes direct or indirect loan or extension of credit between the plan and a party in interest. ERISA section 408(b)(1) exempts from this prohibition loans from a plan to parties in interest who are participants and beneficiaries of the plan, provided that certain requirements are satisfied. In final regulations published in the Federal Register on July 20, 1989 (54 FR 30520), the Department provided additional guidance on section 408(b)(1)(C), which requires that loans be made in accordance with specific provisions in the plan. This ICR therefore relates to the provisions plan documents must include in order that a plan may make loans to participants. II. Current Actions This notice requests public comment on the Department’s request for extension of OMB approval of the information collection contained in its final rule at 29 CFR 2550.408b–1. After considering all the responses to this notice, the Department intends to submit an ICR to OMB for continuing approval. The Department is not proposing any changes to the existing ICR at this time. An agency may not conduct or sponsor, and a person is not required to respond to, an information collection unless it displays a valid OMB control number. A summary of the ICR and the current burden estimates follows: Agency: Employee Benefits Security Administration, Department of Labor. Title: Regulation Relating to Loans to Plan Participants and Beneficiaries who are Parties in Interest with Respect to the Plan. Type of Review: Extension of a currently approved collection of information. OMB Number: 1210–0076. Affected Public: Individuals or households; businesses or other forprofit entities; not-for-profit institutions. Total Respondents: 1,700. Frequency of Responses: On occasion. Responses: 1,700. Estimated Total Burden Hours: 0. Estimated Total Burden Cost (Operating and Maintenance): $428,000. III. Desired Focus of Comments The Department of Labor (Department) is particularly interested in comments that: • Evaluate whether the proposed collection of information is necessary for the proper performance of the agency, including whether the information will have practical utility; E:\FR\FM\18JNN1.SGM 18JNN1 Federal Register / Vol. 72, No. 116 / Monday, June 18, 2007 / Notices • Evaluate the accuracy of the agency’s burden estimate in the proposed collection of information, including the validity of the methodology and assumptions used; • Enhance the quality, utility, and clarity of the information to be collected; and • Minimize the burden of the collection of information on those who are to respond, including suggestions for appropriate automated, electronic, mechanical, or other technological collection techniques or other forms of information technology, e.g., by permitting responses to be submitted electronically. Comments submitted in response to this notice will be summarized and possibly included in the ICR for OMB approval of the extension of the information collection; they will also become a matter of public record. Dated: June 8, 2007. Joseph S. Piacentini, Director, Office of Policy and Research, Employee Benefits Security Administration. [FR Doc. E7–11668 Filed 6–15–07; 8:45 am] BILLING CODE 4510–29–P DEPARTMENT OF LABOR Occupational Safety and Health Administration [Docket No. OSHA–2007–0051] The Hydrostatic Testing Provision of the Standard on Portable Fire Extinguishers; Extension of the Office of Management and Budget’s (OMB) Approval of Information Collection (Paperwork) Requirements Occupational Safety and Health Administration (OSHA), Labor. ACTION: Request for public comment. jlentini on PROD1PC65 with NOTICES AGENCY: SUMMARY: OSHA solicits public comment concerning its proposal to extend OMB approval of the information collection requirements specified in the Hydrostatic Testing Provision of the Standard on Portable Fire Extinguishers (29 CFR 1910.157(f)(16)). The hydrostatic testing provision requires employers to certify that portable fire extinguishers have been hydrostatically tested as prescribed by the Standard by preparing a certification record upon completion of the test. The record must be maintained on file and made available to OSHA compliance staff. DATES: Comments must be submitted (postmarked, sent, or received) by August 17, 2007. ADDRESSES: VerDate Aug<31>2005 18:19 Jun 15, 2007 Jkt 211001 Electronically: You may submit comments and attachments electronically at https:// www.regulations.gov, which is the Federal eRulemaking Portal. Follow the instructions online for submitting comments. Facsimile: If your comments, including attachments, are not longer than 10 pages, you may fax them to the OSHA Docket Office at (202) 693–1648. Mail, hand delivery, express mail, messenger, or courier service: When using this method, you must submit three copies of your comments and attachments to the OSHA Docket Office, Docket No. OSHA–2007–0051, U.S. Department of Labor, Occupational Safety and Health Administration, Room N–2625, 200 Constitution Avenue, NW., Washington, DC 20210. Deliveries (hand, express mail, messenger, and courier service) are accepted during the Department of Labor’s and Docket Office’s normal business hours, 8:15 a.m. to 4:45 p.m., e.t. Instructions: All submissions must include the Agency name and OSHA docket number for the ICR (OSHA– 2007–0051). All comments, including any personal information you provide, are placed in the public docket without change, and may be made available online at https://www.regulations.gov. For further information on submitting comments see the ‘‘Public Participation’’ heading in the section of this notice titled ‘‘Supplementary Information.’’ Docket: To read or download comments or other material in the docket, go to https://www.regulations.gov or the OSHA Docket Office at the address above. All documents in the docket (including this Federal Register notice) are listed in the www.regulations.gov index; however, some information (e.g., copyrighted material) is not publicly available to read or download through the Web site. All submissions, including copyrighted material, are available for inspection and copying at the OSHA Docket Office. You may also contact Theda Kenney at the address below to obtain a copy of the ICR. FOR FURTHER INFORMATION CONTACT: Theda Kenney or Todd Owen, Directorate of Standards and Guidance, OSHA, U.S. Department of Labor, Room N–3609, 200 Constitution Avenue, NW., Washington, DC 20210; telephone (202) 693–2222. SUPPLEMENTARY INFORMATION: I. Background The Department of Labor, as part of its continuing effort to reduce paperwork PO 00000 Frm 00093 Fmt 4703 Sfmt 4703 33537 and respondent (i.e., employer) burden, conducts a preclearance consultation program to provide the public with an opportunity to comment on proposed and continuing information collection requirements in accordance with the Paperwork Reduction Act of 1995 (44 U.S.C. 3506(c)(2)(A)). This program ensures that information is in the desired format, reporting burden (time and costs) is minimal, collection instruments are clearly understood, and OSHA’s estimate of the information collection burden is accurate. The Occupational Safety and Health Act of 1970 (the OSH Act) (29 U.S.C. 651 et seq.) authorizes information collection by employers as necessary or appropriate for enforcement of the Act or for developing information regarding the causes and prevention of occupational injuries, illnesses, and accidents (29 U.S.C. 657). The OSH Act also requires that OSHA obtain such information with minimum burden upon employers, especially those operating small businesses, and to reduce to the maximum extent feasible unnecessary duplication of efforts in obtaining information (29 U.S.C. 657). The following section describes who uses the information in the certification record, as well as how they use it. The purpose of the requirement is to reduce employees’ risk of death or serious injury by ensuring that portable fire extinguishers are in safe operating condition. Test Records (§ 1910.157(f)(16)) Paragraph (f)(16) requires employers to develop and maintain a certification record of hydrostatic testing of portable fire extinguishers. The certification record must include the date of inspection, the signature of the person who performed the test, and the serial number (or other identifier) of the fire extinguisher that was tested. Disclosure of Test Certification Records The certification record must be made available to the Assistant Secretary or his/her representative upon request. The certification record provides assurance to employers, employees, and OSHA compliance officers that the fire extinguishers have been hydrostatically tested in accordance with and at the intervals specified in § 1910.157(f)(16), thereby, ensuring that they will operate properly in the event employees need to use them. Additionally, these records provide the most efficient means for the compliance officers to determine that an employer is complying with the hydrostatic testing provision. E:\FR\FM\18JNN1.SGM 18JNN1

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[Federal Register Volume 72, Number 116 (Monday, June 18, 2007)]
[Notices]
[Pages 33536-33537]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-11668]


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DEPARTMENT OF LABOR

Employee Benefits Security Administration


Proposed Extension of Information Collection Request Submitted 
for Public Comment; Final Rule on Plan Loans to Participants and 
Beneficiaries

AGENCY: Employee Benefits Security Administration, Department of Labor.

ACTION: Notice.

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

SUMMARY: The Department of Labor (the Department), in accordance with 
the Paperwork Reduction Act of 1995 (PRA 95) (44 U.S.C. 3506(c)(2)(A)), 
provides the general public and Federal agencies with an opportunity to 
comment on proposed and continuing collections of information. This 
helps the Department assess the impact of its information collection 
requirements and minimize the public's reporting burden. It also helps 
the public understand the Department's information collection 
requirements and provide the requested data in the desired format. The 
Employee Benefits Security Administration is soliciting comments on the 
proposed extension of the information collection provisions of its 
regulation relating to loans to plan participants and beneficiaries who 
are parties in interest with respect to the plan (29 CFR 2550.408b-1). 
A copy of the information collection request (ICR) may be obtained by 
contacting the office listed in the ADDRESSES section of this notice. 
ICRs also are available at reginfo.gov (https://www.reginfo.gov/public/
do/PRAMain).

DATES: Written comments must be submitted to the office shown in the 
ADDRESSES section on or before August 17, 2007.

ADDRESSES: Joseph S. Piacentini, Department of Labor, Employee Benefits 
Security Administration, 200 Constitution Avenue, NW., Washington, DC 
20210, (202) 693-8410, FAX (202) 693-4745 (these are not toll-free 
numbers).

SUPPLEMENTARY INFORMATION:

I. Background

    The Employee Retirement Income Security Act of 1974 (ERISA) 
prohibits a plan fiduciary from causing the plan to engage in a 
transaction if he knows or should know that such transaction 
constitutes direct or indirect loan or extension of credit between the 
plan and a party in interest. ERISA section 408(b)(1) exempts from this 
prohibition loans from a plan to parties in interest who are 
participants and beneficiaries of the plan, provided that certain 
requirements are satisfied. In final regulations published in the 
Federal Register on July 20, 1989 (54 FR 30520), the Department 
provided additional guidance on section 408(b)(1)(C), which requires 
that loans be made in accordance with specific provisions in the plan. 
This ICR therefore relates to the provisions plan documents must 
include in order that a plan may make loans to participants.

II. Current Actions

    This notice requests public comment on the Department's request for 
extension of OMB approval of the information collection contained in 
its final rule at 29 CFR 2550.408b-1. After considering all the 
responses to this notice, the Department intends to submit an ICR to 
OMB for continuing approval. The Department is not proposing any 
changes to the existing ICR at this time. An agency may not conduct or 
sponsor, and a person is not required to respond to, an information 
collection unless it displays a valid OMB control number. A summary of 
the ICR and the current burden estimates follows:
    Agency: Employee Benefits Security Administration, Department of 
Labor.
    Title: Regulation Relating to Loans to Plan Participants and 
Beneficiaries who are Parties in Interest with Respect to the Plan.
    Type of Review: Extension of a currently approved collection of 
information.
    OMB Number: 1210-0076.
    Affected Public: Individuals or households; businesses or other 
for-profit entities; not-for-profit institutions.
    Total Respondents: 1,700.
    Frequency of Responses: On occasion.
    Responses: 1,700.
    Estimated Total Burden Hours: 0.
    Estimated Total Burden Cost (Operating and Maintenance): $428,000.

III. Desired Focus of Comments

    The Department of Labor (Department) is particularly interested in 
comments that:
     Evaluate whether the proposed collection of information is 
necessary for the proper performance of the agency, including whether 
the information will have practical utility;

[[Page 33537]]

     Evaluate the accuracy of the agency's burden estimate in 
the proposed collection of information, including the validity of the 
methodology and assumptions used;
     Enhance the quality, utility, and clarity of the 
information to be collected; and
     Minimize the burden of the collection of information on 
those who are to respond, including suggestions for appropriate 
automated, electronic, mechanical, or other technological collection 
techniques or other forms of information technology, e.g., by 
permitting responses to be submitted electronically.
    Comments submitted in response to this notice will be summarized 
and possibly included in the ICR for OMB approval of the extension of 
the information collection; they will also become a matter of public 
record.

    Dated: June 8, 2007.
Joseph S. Piacentini,
Director, Office of Policy and Research, Employee Benefits Security 
Administration.
[FR Doc. E7-11668 Filed 6-15-07; 8:45 am]
BILLING CODE 4510-29-P