Proposed Extension of Information Collection Request Submitted for Public Comment and Recommendations; PTE 86-128, 21987-21988 [E8-8701]

Download as PDF Federal Register / Vol. 73, No. 79 / Wednesday, April 23, 2008 / Notices mstockstill on PROD1PC66 with NOTICES State for inclusion in [the] trafficking in persons report required by section 110(b) of the Trafficking Victims Protection Act of 2000 (22 U.S.C. 7107(b)); (C) Develop and make available to the public a list of goods from countries that the Bureau of International Labor Affairs has reason to believe are produced by forced labor or child labor in violation of international standards; (D) Work with persons who are involved in the production of goods on the list described in subparagraph (C) to create a standard set of practices that will reduce the likelihood that such persons will produce goods using the labor described in such subparagraph; and (E) Consult with other departments and agencies of the United States Government to reduce forced labor and child labor internationally and ensure that products made by forced labor and child labor in violation of international standards are not imported into the United States. The Office carries out the DOL mandates in the TVPRA. The Guidelines provide the framework for ILAB’s implementation of the TVPRA mandate, and establish procedures for the submission and review of information and the process for developing and maintaining the List. In addition to the Office’s efforts under the TVPRA, the Office conducts and publishes research on child labor and forced labor worldwide. The Office consults such sources as DOL’s Findings on the Worst Forms of Child Labor; the Department of State’s annual Country Reports on Human Rights Practices and Trafficking in Persons Report; reports by governmental, non-governmental, and international organizations; and reports by academic and research institutions and other sources. The Office will evaluate all information received according to the processes outlined in the published Guidelines, 72 FR 73374 (December 27, 2007). Goods that meet the criteria outlined in the Guidelines will be placed on an initial List, and published in the Federal Register and on the DOL Web site. DOL intends to maintain and update the List over time, through its own research, interagency consultations, and additional public submissions of information. Signed at Washington, DC, this 17th day of April, 2008. Charlotte M. Ponticelli, Deputy Under Secretary for International Affairs. [FR Doc. E8–8709 Filed 4–22–08; 8:45 am] BILLING CODE 4510–28–P VerDate Aug<31>2005 16:58 Apr 22, 2008 Jkt 214001 DEPARTMENT OF LABOR Employee Benefits Security Administration Proposed Extension of Information Collection Request Submitted for Public Comment and Recommendations; PTE 86–128 ACTION: Notice. SUMMARY: The Department of Labor (Department), as part of its continuing effort to reduce paperwork and respondent burden, conducts a preclearance consultation program to provide the general public and Federal agencies with an opportunity to comment on proposed and continuing collections of information in accordance with the Paperwork Reduction Act of 1995 (PRA 95). This program helps to ensure that requested data can be provided in the desired format, reporting burden (time and financial resources) is minimized, collection instruments are clearly understood, and the impact of collection requirements on respondents can be properly assessed. Currently, the Employee Benefits Security Administration is soliciting comments concerning the proposed extension of a currently approved collection of information, Prohibited Transaction Class Exemption 86–128 for certain transactions involving employee benefit plans and securities brokerdealers. A copy of the proposed information collection request (ICR) can be obtained by contacting the office listed below in the addresses section of this notice. DATES: Written comments must be submitted to the office listed in the addresses section below on or before June 23, 2008. ADDRESSES: Interested parties are invited to submit written comments regarding the collection of information. Send comments to Mr. G. Christopher Cosby, Office of Policy and Research, U.S. Department of Labor, Employee Benefits Security Administration, 200 Constitution Avenue, NW., Room N– 5718, Washington, DC 20210. Telephone: (202) 693–8410 Fax: (202) 219–4745 (These are not toll-free numbers). SUPPLEMENTARY INFORMATION: I. Background Prohibited Transaction Class Exemption 86–128 permits persons who serve as fiduciaries for employee benefit plans to effect or execute securities transactions on behalf of employee benefit plans. The exemption also allows sponsors of pooled separate PO 00000 Frm 00088 Fmt 4703 Sfmt 4703 21987 accounts and other pooled investment funds to use their affiliates to effect or execute securities transactions for such accounts in order to recapture brokerage commissions for benefit of employee benefit plans whose assets are maintained in pooled separate accounts managed by the insurance companies. This exemption provides relief from certain prohibitions in section 406(b) of the Employee Retirement Income Security Act of 1974 (ERISA) and from the taxes imposed by section 4975(a) and (b) of the Internal Revenue Code of 1986 (the Code) by reason of Code section 4975(c)(1)(E) or (F). In order to insure that the exemption is not abused, that the rights of participants and beneficiaries are protected, and that the exemption’s conditions are being complied with, the Department has included in the exemption five information collection requirements. The first requirement is written authorization executed in advance by an independent fiduciary of the plan whose assets are involved in the transaction with the brokerfiduciary. The second requirement is, within three months of the authorization, the broker-fiduciary furnish the independent fiduciary with any reasonably available information necessary for the independent fiduciary to determine whether an authorization should be made. The information must include a copy of the exemption, a form for termination, and a description of the broker-fiduciary’s brokerage placement practices. The third requirement is that the broker-fiduciary must provide a termination form to the independent fiduciary annually so that the independent fiduciary may terminate the authorization without penalty to the plan; failure to return the form constitutes continuing authorization. The fourth requirement is for the brokerfiduciary to report all transactions to the independent fiduciary, either by confirmation slips or through quarterly reports. The fifth requirement calls for the broker-fiduciary to provide an annual summary of the transactions. The annual summary must contain all security transaction-related charges incurred by the plan, the brokerage placement practices, and a portfolio turnover ratio. II. Review Focus The Department is particularly interested in comments that: • Evaluate whether the proposed collection of information is necessary for the proper performance of the functions of the agency, including whether the information will have practical utility; E:\FR\FM\23APN1.SGM 23APN1 21988 Federal Register / Vol. 73, No. 79 / Wednesday, April 23, 2008 / Notices • Evaluate the accuracy of the agency’s estimate of the burden of 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 through the use of appropriate automated, electronic, mechanical, or other technological collection techniques or other forms of information technology, e.g., permitting electronic submissions of responses. III. Current Actions The Department is requesting an extension of the currently approved ICR pertaining to Prohibited Transaction Class Exemption 86–128 for certain transactions involving employee benefit plans and securities broker-dealers. The Department is not proposing or implementing changes to the existing ICR at this time. Agency: Department of Labor, Employee Benefits Security Administration. Title: PTE 86–128 for Certain Transactions Involving Employee Benefit Plans and Securities BrokerDealers. Type of Review: Extension of a currently approved collection. OMB Numbers: 1210–0059. Affected Public: Individuals or households; Business or other for-profit; Not-for-profit institutions. Total Respondents: 4,200. Total Responses: 284,000. Frequency of Response: Quarterly; Annually. Total Annual Burden: 93,530 hours. Total Annual Cost (Operating & Maintenance): $183,550. Comments submitted in response to this request will be summarized and/or included in the request for Office of Management and Budget approval of the information collection request; they will also become a matter of public record. DEPARTMENT OF LABOR DEPARTMENT OF LABOR Employment and Training Administration Employment and Training Administration [TA–W–62,858] Investigations Regarding Certifications of Eligibility To Apply for Worker Adjustment Assistance and Alternative Trade Adjustment Assistance Household Utilities, Inc., Kiel, WI; Notice of Affirmative Determination Regarding Application for Reconsideration By application dated April 7, 2008, a petitioner requested administrative reconsideration of the negative determination regarding workers’ eligibility to apply for Trade Adjustment Assistance (TAA) and Alternative Trade Adjustment Assistance (ATAA) applicable to workers and former workers of the subject firm. The determination was issued on March 5, 2008. The Notice of determination was published in the Federal Register on March 21, 2008 (73 FR 15218). The determination was based on the Department’s findings that sales and production of industrial parts, medical carts and medical cabinets increased in 2007 as compared to 2006 and no shift in production to a foreign source occurred. The request for reconsideration alleges that sales and production decreased in January, 2008 and customers of the subject firm shifted production abroad. The Department has carefully reviewed the request for reconsideration and will investigate the period of time as defined by the petitioner which is under the relevant period of the investigation. Conclusion After careful review of the application, I conclude that the claim is of sufficient weight to justify reconsideration of the U.S. Department of Labor’s prior decision. The application is, therefore, granted. Dated: April 16, 2008. Joseph S. Piacentini, Director, Office of Policy and Research, Employee Benefits Security Administration. [FR Doc. E8–8701 Filed 4–22–08; 8:45 am] Signed at Washington, DC, this 17th day of April 2008. Elliott S. Kushner, Certifying Officer, Division of Trade Adjustment Assistance. [FR Doc. E8–8781 Filed 4–22–08; 8:45 am] BILLING CODE 4510–29–P BILLING CODE 4510–FN–P Petitions have been filed with the Secretary of Labor under section 221(a) of the Trade Act of 1974 (‘‘the Act’’) and are identified in the Appendix to this notice. Upon receipt of these petitions, the Director of the Division of Trade Adjustment Assistance, Employment and Training Administration, has instituted investigations pursuant to section 221(a) of the Act. The purpose of each of the investigations is to determine whether the workers are eligible to apply for adjustment assistance under Title II, Chapter 2, of the Act. The investigations will further relate, as appropriate, to the determination of the date on which total or partial separations began or threatened to begin and the subdivision of the firm involved. The petitioners or any other persons showing a substantial interest in the subject matter of the investigations may request a public hearing, provided such request is filed in writing with the Director, Division of Trade Adjustment Assistance, at the address shown below, not later than May 5, 2008. Interested persons are invited to submit written comments regarding the subject matter of the investigations to the Director, Division of Trade Adjustment Assistance, at the address shown below, not later than May 5, 2008. The petitions filed in this case are available for inspection at the Office of the Director, Division of Trade Adjustment Assistance, Employment and Training Administration, U.S. Department of Labor, Room C–5311, 200 Constitution Avenue, NW., Washington, DC 20210. Signed at Washington, DC, this 16th day of April 2008. Erin FitzGerald, Acting Director, Division of Trade Adjustment Assistance. mstockstill on PROD1PC66 with NOTICES APPENDIX [TAA PETITIONS INSTITUTED BETWEEN 4/7/08 and 4/11/08] TA–W Subject firm (petitioners) Location 63139 ........... Valspar—Furniture Sales Group & Int’l Color Design Center (Comp). IntriCon Tibbetts Corporation (Comp) ...................................... High Point, NC ........................ 04/07/08 04/04/08 Camden, ME ........................... 04/07/08 04/01/08 63140 ........... VerDate Aug<31>2005 16:58 Apr 22, 2008 Jkt 214001 PO 00000 Frm 00089 Fmt 4703 Sfmt 4703 E:\FR\FM\23APN1.SGM Date of institution 23APN1 Date of petition

Agencies

[Federal Register Volume 73, Number 79 (Wednesday, April 23, 2008)]
[Notices]
[Pages 21987-21988]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-8701]


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DEPARTMENT OF LABOR

Employee Benefits Security Administration


Proposed Extension of Information Collection Request Submitted 
for Public Comment and Recommendations; PTE 86-128

ACTION: Notice.

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SUMMARY: The Department of Labor (Department), as part of its 
continuing effort to reduce paperwork and respondent burden, conducts a 
preclearance consultation program to provide the general public and 
Federal agencies with an opportunity to comment on proposed and 
continuing collections of information in accordance with the Paperwork 
Reduction Act of 1995 (PRA 95). This program helps to ensure that 
requested data can be provided in the desired format, reporting burden 
(time and financial resources) is minimized, collection instruments are 
clearly understood, and the impact of collection requirements on 
respondents can be properly assessed. Currently, the Employee Benefits 
Security Administration is soliciting comments concerning the proposed 
extension of a currently approved collection of information, Prohibited 
Transaction Class Exemption 86-128 for certain transactions involving 
employee benefit plans and securities broker-dealers.
    A copy of the proposed information collection request (ICR) can be 
obtained by contacting the office listed below in the addresses section 
of this notice.

DATES: Written comments must be submitted to the office listed in the 
addresses section below on or before June 23, 2008.

ADDRESSES: Interested parties are invited to submit written comments 
regarding the collection of information. Send comments to Mr. G. 
Christopher Cosby, Office of Policy and Research, U.S. Department of 
Labor, Employee Benefits Security Administration, 200 Constitution 
Avenue, NW., Room N-5718, Washington, DC 20210. Telephone: (202) 693-
8410 Fax: (202) 219-4745 (These are not toll-free numbers).

SUPPLEMENTARY INFORMATION:

I. Background

    Prohibited Transaction Class Exemption 86-128 permits persons who 
serve as fiduciaries for employee benefit plans to effect or execute 
securities transactions on behalf of employee benefit plans. The 
exemption also allows sponsors of pooled separate accounts and other 
pooled investment funds to use their affiliates to effect or execute 
securities transactions for such accounts in order to recapture 
brokerage commissions for benefit of employee benefit plans whose 
assets are maintained in pooled separate accounts managed by the 
insurance companies. This exemption provides relief from certain 
prohibitions in section 406(b) of the Employee Retirement Income 
Security Act of 1974 (ERISA) and from the taxes imposed by section 
4975(a) and (b) of the Internal Revenue Code of 1986 (the Code) by 
reason of Code section 4975(c)(1)(E) or (F).
    In order to insure that the exemption is not abused, that the 
rights of participants and beneficiaries are protected, and that the 
exemption's conditions are being complied with, the Department has 
included in the exemption five information collection requirements. The 
first requirement is written authorization executed in advance by an 
independent fiduciary of the plan whose assets are involved in the 
transaction with the broker-fiduciary. The second requirement is, 
within three months of the authorization, the broker-fiduciary furnish 
the independent fiduciary with any reasonably available information 
necessary for the independent fiduciary to determine whether an 
authorization should be made. The information must include a copy of 
the exemption, a form for termination, and a description of the broker-
fiduciary's brokerage placement practices. The third requirement is 
that the broker-fiduciary must provide a termination form to the 
independent fiduciary annually so that the independent fiduciary may 
terminate the authorization without penalty to the plan; failure to 
return the form constitutes continuing authorization. The fourth 
requirement is for the broker-fiduciary to report all transactions to 
the independent fiduciary, either by confirmation slips or through 
quarterly reports. The fifth requirement calls for the broker-fiduciary 
to provide an annual summary of the transactions. The annual summary 
must contain all security transaction-related charges incurred by the 
plan, the brokerage placement practices, and a portfolio turnover 
ratio.

II. Review Focus

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

[[Page 21988]]

     Evaluate the accuracy of the agency's estimate of the 
burden of 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 through the use of appropriate 
automated, electronic, mechanical, or other technological collection 
techniques or other forms of information technology, e.g., permitting 
electronic submissions of responses.

III. Current Actions

    The Department is requesting an extension of the currently approved 
ICR pertaining to Prohibited Transaction Class Exemption 86-128 for 
certain transactions involving employee benefit plans and securities 
broker-dealers. The Department is not proposing or implementing changes 
to the existing ICR at this time.
    Agency: Department of Labor, Employee Benefits Security 
Administration.
    Title: PTE 86-128 for Certain Transactions Involving Employee 
Benefit Plans and Securities Broker-Dealers.
    Type of Review: Extension of a currently approved collection.
    OMB Numbers: 1210-0059.
    Affected Public: Individuals or households; Business or other for-
profit; Not-for-profit institutions.
    Total Respondents: 4,200.
    Total Responses: 284,000.
    Frequency of Response: Quarterly; Annually.
    Total Annual Burden: 93,530 hours.
    Total Annual Cost (Operating & Maintenance): $183,550.
    Comments submitted in response to this request will be summarized 
and/or included in the request for Office of Management and Budget 
approval of the information collection request; they will also become a 
matter of public record.

    Dated: April 16, 2008.
Joseph S. Piacentini,
Director, Office of Policy and Research, Employee Benefits Security 
Administration.
[FR Doc. E8-8701 Filed 4-22-08; 8:45 am]
BILLING CODE 4510-29-P