Proposed Collection of Information: Automatic Enrollment Individual Retirement Accounts (Auto-IRAs), 23981 [2017-10639]

Download as PDF Federal Register / Vol. 82, No. 99 / Wednesday, May 24, 2017 / Notices DEPARTMENT OF THE TREASURY Bureau of the Fiscal Service Proposed Collection of Information: Automatic Enrollment Individual Retirement Accounts (Auto-IRAs) Notice and request for comments. asabaliauskas on DSK3SPTVN1PROD with NOTICES ACTION: SUMMARY: The Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995. Currently the Bureau of the Fiscal Service within the Department of the Treasury is soliciting comments concerning Automatic Enrollment Individual Retirement Accounts (AutoIRAs). DATES: Written comments should be received on or before July 24, 2017 to be assured of consideration. ADDRESSES: Direct all written comments and requests for additional information to Bureau of the Fiscal Service, Bruce A. Sharp, 200 Third Street A4–A, Parkersburg, WV 26106–1328, or bruce.sharp@fiscal.treasury.gov. SUPPLEMENTARY INFORMATION: Title: Automatic Enrollment Individual Retirement Accounts (AutoIRAs). OMB Number: 1530–0068. Abstract: Approximately one-third of private-sector employees in the United States lack access to retirement savings plans through their employers. To fill this gap, several states (or their political subdivisions) are establishing or considering programs that will encourage employees to save for their retirement, including through automatic enrollment individual retirement accounts and other approaches (collectively referred to here as AutoIRAs). Under an Auto-IRA program, employee contributions are deposited into an IRA and invested in accordance with the design of the Auto-IRA program and the wishes of the participant. In order to assist states in offering risk-averse savers a principalprotected investment, the Department of the Treasury, Fiscal Service (Fiscal Service) will offer retirement savings bonds to certain state Auto-IRA retirement savings programs. To help the Fiscal Service determine whether it should offer or continue to offer the bonds for a given state Auto-IRA program, that program must provide documentation to Fiscal Service VerDate Sep<11>2014 19:43 May 23, 2017 Jkt 241001 annually, in a form and manner acceptable to Fiscal Service, addressing topics such as administration; account monitoring; ability to transfer; withdrawals; consumer protection; consumer education; costs of administration borne by consumers; oversight; pooling; and any proposed use of the bond as a default investment. Current Actions: Extension of a currently approved collection. Type of Review: Regular. Affected Public: State, Local, and Tribal Governments. Estimated Number of Respondents: 5. Estimated Time per Respondent: 8 hours. Estimated Total Annual Burden Hours: 40. Request For Comments: Comments submitted in response to this notice will be summarized and/or included in the request for OMB approval. All comments will become a matter of public record. Comments are invited on: (a) Whether the collection of information is necessary for the proper performance of the functions of the agency, including whether the information shall have practical utility; (b) the accuracy of the agency’s estimate of the burden of the collection of information; (c) ways to enhance the quality, utility, and clarity of the information to be collected; (d) ways to minimize the burden of the collection of information on respondents, including through the use of automated collection techniques or other forms of information technology; and (e) estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services to provide information. Dated: May 19, 2017. Bruce A. Sharp, Bureau Clearance Officer. [FR Doc. 2017–10639 Filed 5–23–17; 8:45 am] BILLING CODE 4810–AS–P DEPARTMENT OF THE TREASURY Office of Foreign Assets Control Sanctions Actions Pursuant to Executive Order of September 23, 2001, ‘‘Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten To Commit, or Support Terrorism Office of Foreign Assets Control, Treasury. ACTION: Notice. AGENCY: SUMMARY: The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is publishing the names of 2 individuals whose property and PO 00000 Frm 00210 Fmt 4703 Sfmt 9990 23981 interests in property are blocked pursuant to executive order of September 23, 2001, ‘‘Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten To Commit, or Support Terrorism.’’ DATES: OFAC’s actions described in this notice were effective on May 19, 2017. FOR FURTHER INFORMATION CONTACT: Associate Director for Global Targeting, tel.: 202/622–2420, Assistant Director for Sanctions Compliance & Evaluation, tel.: 202/622–2490, Assistant Director for Licensing, tel.: 202/622–2480, Office of Foreign Assets Control, or Chief Counsel (Foreign Assets Control), tel.: 202/622–2410, Office of the General Counsel, Department of the Treasury (not toll free numbers). SUPPLEMENTARY INFORMATION: Electronic Availability The SDN List and additional information concerning OFAC sanctions programs are available from OFAC’s Web site (www.treas.gov/ofac). Notice of OFAC Actions On May 19, 2017, OFAC blocked the property and interests in property of the following 2 individuals pursuant to E.O. 13224, ‘‘Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten To Commit, or Support Terrorism’’: Individuals 1. AL–ARADAH, Khalid Ali Mabkhut (a.k.a. AL–ARADAH, Khalid Ali; a.k.a. AL– ARADEH, Khalid; a.k.a. AL–ARRADAH, Khalid; a.k.a. ARADA, Khalid), Marib, Marib Governorate, Yemen; DOB 01 Jan 1965; alt. DOB 01 Aug 1957; alt. DOB 01 Jan 1957; nationality Yemen; Gender Male (individual) [SDGT] (Linked To: AL–QA’IDA IN THE ARABIAN PENINSULA). 2. AL–HAMID, Hashim Muhsin Aydarus (a.k.a. AL HAMID, Hashim; a.k.a. AL– AIDAROOS, Hashim Mohsen; a.k.a. ALHAMAD, Hashem Mohssein Idroos; a.k.a. ALHAMED, Hossin Mohsen; a.k.a. ALHAMID, Hashim; a.k.a. AL–HAMID, Mohsan; a.k.a. AL–HAMSHI, Hashim alHamid; a.k.a. ALHMAID, Housin Mohsein; a.k.a. IDAROOS, Hashim Mohsen; a.k.a. ‘‘ABU TAHIR’’), Al Ghaydah, al-Mahrah Governorate, Yemen; Shabwah Governorate, Yemen; Mansoura, Aden, Yemen; Mukalla, Hadramawt Governorate, Yemen; Abyan Governorate, Yemen; Marib Governorate, Yemen; DOB 12 Dec 1985; POB Yemen; nationality Yemen; Gender Male; National ID No. 16010003042 (Yemen) (individual) [SDGT] (Linked To: AL–QA’IDA IN THE ARABIAN PENINSULA). Dated: May 19, 2017. Andrea Gacki, Acting Director, Office of Foreign Assets Control. [FR Doc. 2017–10635 Filed 5–23–17; 8:45 am] BILLING CODE 4811–AL–P E:\FR\FM\24MYN1.SGM 24MYN1

Agencies

[Federal Register Volume 82, Number 99 (Wednesday, May 24, 2017)]
[Notices]
[Page 23981]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-10639]



[[Page 23981]]

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DEPARTMENT OF THE TREASURY

Bureau of the Fiscal Service


Proposed Collection of Information: Automatic Enrollment 
Individual Retirement Accounts (Auto-IRAs)

ACTION: Notice and request for comments.

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

SUMMARY: The Department of the Treasury, as part of its continuing 
effort to reduce paperwork and respondent burden, invites the general 
public and other Federal agencies to take this opportunity to comment 
on proposed and/or continuing information collections, as required by 
the Paperwork Reduction Act of 1995. Currently the Bureau of the Fiscal 
Service within the Department of the Treasury is soliciting comments 
concerning Automatic Enrollment Individual Retirement Accounts (Auto-
IRAs).

DATES: Written comments should be received on or before July 24, 2017 
to be assured of consideration.

ADDRESSES: Direct all written comments and requests for additional 
information to Bureau of the Fiscal Service, Bruce A. Sharp, 200 Third 
Street A4-A, Parkersburg, WV 26106-1328, or 
bruce.sharp@fiscal.treasury.gov.

SUPPLEMENTARY INFORMATION:
    Title: Automatic Enrollment Individual Retirement Accounts (Auto-
IRAs).
    OMB Number: 1530-0068.
    Abstract: Approximately one-third of private-sector employees in 
the United States lack access to retirement savings plans through their 
employers. To fill this gap, several states (or their political 
subdivisions) are establishing or considering programs that will 
encourage employees to save for their retirement, including through 
automatic enrollment individual retirement accounts and other 
approaches (collectively referred to here as Auto-IRAs). Under an Auto-
IRA program, employee contributions are deposited into an IRA and 
invested in accordance with the design of the Auto-IRA program and the 
wishes of the participant. In order to assist states in offering risk-
averse savers a principal-protected investment, the Department of the 
Treasury, Fiscal Service (Fiscal Service) will offer retirement savings 
bonds to certain state Auto-IRA retirement savings programs. To help 
the Fiscal Service determine whether it should offer or continue to 
offer the bonds for a given state Auto-IRA program, that program must 
provide documentation to Fiscal Service annually, in a form and manner 
acceptable to Fiscal Service, addressing topics such as administration; 
account monitoring; ability to transfer; withdrawals; consumer 
protection; consumer education; costs of administration borne by 
consumers; oversight; pooling; and any proposed use of the bond as a 
default investment.
    Current Actions: Extension of a currently approved collection.
    Type of Review: Regular.
    Affected Public: State, Local, and Tribal Governments.
    Estimated Number of Respondents: 5.
    Estimated Time per Respondent: 8 hours.
    Estimated Total Annual Burden Hours: 40.
    Request For Comments: Comments submitted in response to this notice 
will be summarized and/or included in the request for OMB approval. All 
comments will become a matter of public record. Comments are invited 
on: (a) Whether the collection of information is necessary for the 
proper performance of the functions of the agency, including whether 
the information shall have practical utility; (b) the accuracy of the 
agency's estimate of the burden of the collection of information; (c) 
ways to enhance the quality, utility, and clarity of the information to 
be collected; (d) ways to minimize the burden of the collection of 
information on respondents, including through the use of automated 
collection techniques or other forms of information technology; and (e) 
estimates of capital or start-up costs and costs of operation, 
maintenance, and purchase of services to provide information.

    Dated: May 19, 2017.
Bruce A. Sharp,
Bureau Clearance Officer.
[FR Doc. 2017-10639 Filed 5-23-17; 8:45 am]
BILLING CODE 4810-AS-P
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