Proposed Extension of Information Collection; Comment Request; Prohibited Transaction Class Exemption 88-59, Residential Mortgage Financing Arrangements, 69363-69364 [E9-30997]
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Federal Register / Vol. 74, No. 250 / Thursday, December 31, 2009 / Notices
DEPARTMENT OF LABOR
Office of the Secretary
Submission for OMB Emergency
Review: Comment Request
erowe on DSK5CLS3C1PROD with NOTICES
December 24, 2009.
The Department of Labor has
submitted the following information
collection request (ICR), utilizing
emergency review procedures, to the
Office of Management and Budget
(OMB) for review and clearance in
accordance with the Paperwork
Reduction Act of 1995 (Pub. L. 104–13,
44 U.S.C. Chapter 35) and 5 CFR
1320.13. OMB approval has been
requested by December 31, 2009. A copy
of this ICR, with applicable supporting
documentation; including among other
things a description of the likely
respondents, proposed frequency of
response, and estimated total burden
may be obtained from the RegInfo.gov
Web site at https://www.reginfo.gov/
public/do/PRAMain or by contacting
Darrin King on 202–693–4129 (this is
not a toll-free number)/e-mail:
DOL_PRA_PUBLIC@dol.gov. Interested
parties are encouraged to send
comments to the Office of Information
and Regulatory Affairs, Attn: OMB Desk
Officer for the Department of Labor—
EBSA, Office of Management and
Budget, Room 10235, Washington, DC
20503, Telephone: 202–395–7316/Fax:
202–395–6974 (these are not toll-free
numbers), E-mail:
OIRA_submission@omb.eop.gov.
Comments and questions about the ICR
listed below should be received 5 days
prior to the requested OMB approval
date.
The OMB is particularly interested in
comments which:
• 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;
• 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
clarify 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.
VerDate Nov<24>2008
15:06 Dec 30, 2009
Jkt 220001
Agency: Employee Benefits Security
Administration.
Title of Collection: Notice
Requirements of the Health Care
Continuation Coverage—American
Recovery and Reinvestment Act of 2009
Revision.
OMB Control Number: 1210–0123.
Frequency of Collection: On occasion.
Affected Public: Individuals or
households; Business or other for-profit;
Not-for-profit institutions.
Total Estimated Number of
Respondents: 2.7 million.
Total Estimated Number of
Responses: 8.5 million
Total Estimated Annual Burden
Hours: 0.
Total Net Estimated Annual Costs
Burden (other than hourly costs): $6.8
million.
Description: On December 19, 2009,
President Obama signed the Department
of Defense Appropriations Act of 2010
(Pub. L. 111–118), which extends the
availability of the health care
continuation coverage premium
reduction provided for COBRA and
other health care continuation coverage
as required by the American Recovery
and Reinvestment Act (ARRA) of 2009
(Pub. L. 111–5). Assistance eligible
individuals now can be eligible for the
subsidy if they incur an involuntary
termination of employment triggering a
COBRA election opportunity by
February 28, 2010. Before the extension,
Assistance Eligible Individuals had to
experience an involuntary termination
of employment by December 31, 2009.
The length of the premium assistance
period also is extended from 9 months
to 15 months.
ARRA, as amended, retained the
requirement that the Secretary of Labor
(the Secretary), in consultation with the
Secretaries of the Treasury and Health
and Human Services, develop model
notices. These models are for use by
group health plans and other entities
that, pursuant to ARRA, as amended,
must provide notices of the availability
of premium reductions and additional
election periods for health care
continuation coverage. The ICR relates
to the issuance of the model notices.
Why are we requesting Emergency
Processing? If the Department were
required to comply with standard PRA
clearance procedures, it would not be
able to publish the model notices on a
timely basis.
Dated: December 24, 2009.
Joseph S. Piacentini,
Acting PRA Clearance Officer.
[FR Doc. E9–30995 Filed 12–30–09; 8:45 am]
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69363
DEPARTMENT OF LABOR
Employee Benefits Security
Administration
Proposed Extension of Information
Collection; Comment Request;
Prohibited Transaction Class
Exemption 88–59, Residential
Mortgage Financing Arrangements
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)
(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 reporting burden on the public and
helps the public understand the
Department’s information collection
requirements and provide the requested
data in the desired format. Currently,
the Employee Benefits Security
Administration is soliciting comments
on the proposed extension of the
information collection provisions of
Prohibited Transaction Class Exemption
(PTE) 88–59. A copy of the information
collection request (ICR) may be obtained
by contacting the office listed in the
ADDRESSES section of this notice or at
https://www.RegInfo.gov.
DATES: Written comments must be
submitted on or before March 1, 2010.
ADDRESSES: Direct all written comments
to G. Christopher Cosby, Office of Policy
and Research, Employee Benefits
Security Administration, U.S.
Department of Labor, 200 Constitution
Avenue, NW., Room N–5647,
Washington, DC 20210. Telephone:
(202) 693–8410; Fax: (202) 219–4745.
These are not toll-free numbers.
Comments may also be submitted
electronically to the following Internet
e-mail address: ebsa.opr@dol.gov.
SUPPLEMENTARY INFORMATION:
I. Background
PTE 88–59 provides an exemption
from certain prohibited transaction
provisions of the Employment
Retirement Income Security Act of 1974
(ERISA) and from certain taxes imposed
by the Internal Revenue Code of 1986
(Code) for transactions in which an
employee benefit plan provides
mortgage financing to purchasers of
residential dwelling units, provided
specified conditions are met. Among
other conditions, PTE 88–59 requires
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31DEN1
69364
Federal Register / Vol. 74, No. 250 / Thursday, December 31, 2009 / Notices
that adequate records pertaining to
exempted transactions be maintained
for the duration of the pertinent loan.
This recordkeeping requirement
constitutes an information collection
within the meaning of the PRA, for
which the Department has obtained
approval from the Office of Management
and Budget (OMB) under OMB Control
No. 1210–0095. The OMB approval is
currently scheduled to expire on April
30, 2010.
II. Current Actions
This notice requests public comment
pertaining to the Department’s request
for extension of OMB approval of the
information collection contained in PTE
88–59. After considering comments
received in response to this notice, the
Department intends to submit an ICR to
OMB for continuing approval of the
information collection contained in PTE
88–59. No change to the existing ICR is
proposed or made 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: Prohibited Transaction Class
Exemption 88–59; Residential Mortgage
Financing Arrangements.
Type of Review: Extension of a
currently approved collection of
information.
OMB Number: 1210–0095.
Affected Public: Business or other forprofit; Not-for-profit institutions.
Respondents: 1,785.
Responses: 1,785.
Estimated Total Burden Hours: 744.
erowe on DSK5CLS3C1PROD with NOTICES
III. 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
functions of the agency, including
whether the information will have
practical utility;
• 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
VerDate Nov<24>2008
15:06 Dec 30, 2009
Jkt 220001
technological collection techniques or
other forms of information technology,
e.g., by permitting electronic
submissions of responses.
Comments submitted in response to
this notice will be summarized and/or
included in the ICR for OMB approval
of the extension of the information
collection; they will also become a
matter of public record.
Dated: December 24, 2009.
Joseph A. Piacentini,
Director, Office of Policy and Research,
Employee Benefits Security Administration.
[FR Doc. E9–30997 Filed 12–30–09; 8:45 am]
BILLING CODE 4510–29–P
DEPARTMENT OF LABOR
Employee Benefits Security
Administration
Proposed Extension of Information
Collection; Comment Request; HDCI 2
Survey of Group Health Plans
ACTION:
Notice.
SUMMARY: The Department of Labor (the
Department), in accordance with the
Paperwork Reduction Act of 1995 (PRA)
(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 program helps the
Department assess the impact of its
information collection requirements and
minimize the reporting burden on the
public and helps the public understand
the Department’s information collection
requirements and provide the requested
data in the desired format. Currently,
the Employee Benefits Security
Administration is soliciting comments
on a proposed extension of an
information collection entitled the
Health Disclosure and Claims Issues
Project Survey (HDCI 2 Survey). A copy
of the 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 on or before March 1, 2010.
ADDRESSES: Direct all written comments
to G. Christopher Cosby, Office of Policy
and Research, Employee Benefits
Security Administration, U.S.
Department of Labor, 200 Constitution
Avenue, NW., Room N–5716,
Washington, DC 20210. Telephone:
(202) 693–8410; Fax: (202) 219–4745.
These are not toll-free numbers.
Comments may also be submitted
electronically to the following Internet
e-mail address: ebsa.opr@dol.gov.
SUPPLEMENTARY INFORMATION:
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I. Background
In 1999, the Department conducted a
pilot project under which
approximately 200 group health plans
were investigated for compliance with
Part 7 of the Employee Retirement
Income Security Act of 1974 (ERISA). In
2001, the Department initiated the
Health Disclosure and Claims Issues:
Fiscal Year 2001 Compliance Project,
which sought to increase compliance
through investigations and improve the
Department’s ability to provide effective
compliance assistance by assessing
more comprehensively the extent and
nature of compliance with Part 7 of
ERISA among group health plans. As a
result of that project, the Department
broadened its compliance assistance
efforts through a combination of
publications, outreach, self-audit
materials, and other compliance tools.
As a follow-up to the Fiscal Year 2001
Compliance Project, the Department
proposed to conduct a second project,
the HDCI 2 Survey, which was intended
to measure changes in compliance with
Part 7 of ERISA and to improve the
effectiveness of future compliance
assistance efforts. As part of the HDCI 2
Survey, the Department proposed to
conduct a narrow scope telephone
survey for the sole purpose of
identifying an appropriate sample of
ERISA-covered single-employer group
health plans in two categories: (1) Plans
sponsored by firms with 3–99
employees, and (2) plans sponsored by
firms with 100 or more employees. OMB
approved the HDCI 2 Survey on April
27, 2007, under OMB Control Number
1210–0129, which currently is
scheduled to expire on April 30, 2010.
II. Current Actions
This notice requests comments on an
extension of OMB’s approval of the
information collections included in the
HDCI 2 Survey. The Department is not
proposing or implementing changes to
the existing ICR at this time. A summary
of the ICR and the current burden
estimates follows:
Type of Review: Extension of a
currently approved collection of
information.
Agency: Employee Benefits Security
Administration.
Title: HDCI 2 Survey of Group Health
Plans.
OMB Number: 1210–0129.
Affected Public: Business or other forprofit; not-for-profit organizations.
Total Respondents: 5,000.
Total Responses: 5,000.
Frequency: Once.
Average Time per Response: 5
minutes.
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]]>Agencies
[Federal Register Volume 74, Number 250 (Thursday, December 31, 2009)]
[Notices]
[Pages 69363-69364]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-30997]
-----------------------------------------------------------------------
DEPARTMENT OF LABOR
Employee Benefits Security Administration
Proposed Extension of Information Collection; Comment Request;
Prohibited Transaction Class Exemption 88-59, Residential Mortgage
Financing Arrangements
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) (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 reporting burden on the public and helps
the public understand the Department's information collection
requirements and provide the requested data in the desired format.
Currently, the Employee Benefits Security Administration is soliciting
comments on the proposed extension of the information collection
provisions of Prohibited Transaction Class Exemption (PTE) 88-59. A
copy of the information collection request (ICR) may be obtained by
contacting the office listed in the ADDRESSES section of this notice or
at https://www.RegInfo.gov.
DATES: Written comments must be submitted on or before March 1, 2010.
ADDRESSES: Direct all written comments to G. Christopher Cosby, Office
of Policy and Research, Employee Benefits Security Administration, U.S.
Department of Labor, 200 Constitution Avenue, NW., Room N-5647,
Washington, DC 20210. Telephone: (202) 693-8410; Fax: (202) 219-4745.
These are not toll-free numbers. Comments may also be submitted
electronically to the following Internet e-mail address:
ebsa.opr@dol.gov.
SUPPLEMENTARY INFORMATION:
I. Background
PTE 88-59 provides an exemption from certain prohibited transaction
provisions of the Employment Retirement Income Security Act of 1974
(ERISA) and from certain taxes imposed by the Internal Revenue Code of
1986 (Code) for transactions in which an employee benefit plan provides
mortgage financing to purchasers of residential dwelling units,
provided specified conditions are met. Among other conditions, PTE 88-
59 requires
[[Page 69364]]
that adequate records pertaining to exempted transactions be maintained
for the duration of the pertinent loan. This recordkeeping requirement
constitutes an information collection within the meaning of the PRA,
for which the Department has obtained approval from the Office of
Management and Budget (OMB) under OMB Control No. 1210-0095. The OMB
approval is currently scheduled to expire on April 30, 2010.
II. Current Actions
This notice requests public comment pertaining to the Department's
request for extension of OMB approval of the information collection
contained in PTE 88-59. After considering comments received in response
to this notice, the Department intends to submit an ICR to OMB for
continuing approval of the information collection contained in PTE 88-
59. No change to the existing ICR is proposed or made 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: Prohibited Transaction Class Exemption 88-59; Residential
Mortgage Financing Arrangements.
Type of Review: Extension of a currently approved collection of
information.
OMB Number: 1210-0095.
Affected Public: Business or other for-profit; Not-for-profit
institutions.
Respondents: 1,785.
Responses: 1,785.
Estimated Total Burden Hours: 744.
III. 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 functions of the agency,
including whether the information will have practical utility;
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., by
permitting electronic submissions of responses.
Comments submitted in response to this notice will be summarized
and/or included in the ICR for OMB approval of the extension of the
information collection; they will also become a matter of public
record.
Dated: December 24, 2009.
Joseph A. Piacentini,
Director, Office of Policy and Research, Employee Benefits Security
Administration.
[FR Doc. E9-30997 Filed 12-30-09; 8:45 am]
BILLING CODE 4510-29-P
