Agency Information Collection Activities; Submission for OMB Review; Comment Request, 48081-48085 [2017-22334]
Download as PDF
Federal Register / Vol. 82, No. 198 / Monday, October 16, 2017 / Notices
notice. If any person wishes to comment
concerning the termination of the
receivership, such comment must be
made in writing and sent within thirty
days of the date of this notice to: Federal
Deposit Insurance Corporation, Division
of Resolutions and Receiverships,
Attention: Receivership Oversight
Department 34.6, 1601 Bryan Street,
Dallas, TX 75201.
No comments concerning the
termination of this receivership will be
considered which are not sent within
this time frame.
Dated: October 11, 2017.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2017–22290 Filed 10–13–17; 8:45 am]
BILLING CODE 6714–01–P
FEDERAL RESERVE SYSTEM
ethrower on DSK3G9T082PROD with NOTICES
Change in Bank Control Notices;
Acquisitions of Shares of a Bank or
Bank Holding Company
The notificants listed below have
applied under the Change in Bank
Control Act (12 U.S.C. 1817(j)) and
§ 225.41 of the Board’s Regulation Y (12
CFR 225.41) to acquire shares of a bank
or bank holding company. The factors
that are considered in acting on the
notices are set forth in paragraph 7 of
the Act (12 U.S.C. 1817(j)(7)).
The notices are available for
immediate inspection at the Federal
Reserve Bank indicated. The notices
also will be available for inspection at
the offices of the Board of Governors.
Interested persons may express their
views in writing to the Reserve Bank
indicated for that notice or to the offices
of the Board of Governors. Comments
must be received not later than
November 1, 2017.
A. Federal Reserve Bank of Chicago
(Colette A. Fried, Assistant Vice
President) 230 South LaSalle Street,
Chicago, Illinois 60690–1414:
1. Nathan Halverson, Mason City,
Iowa; individually and as co-trustee of
the Richard A. Halverson Disclaimer
Trust, and as a group acting in concert
with Kelli Halverson, Scottsdale,
Arizona, and the Richard A. Halverson
Disclaimer Trust, Mason City, Iowa, cotrustees Richard A. Halverson and
Nathan Halverson, both of Mason City,
Iowa; to join Richard A. Halverson as
members of the Halverson Family
Control Group; to retain voting shares of
Farmers State Bancshares, Inc., Mason
City, Iowa, and thereby indirectly retain
shares of Farmers State Bank,
Northwood, Iowa.
VerDate Sep<11>2014
16:59 Oct 13, 2017
Jkt 244001
Board of Governors of the Federal Reserve
System, October 11, 2017.
Ann Misback,
Secretary of the Board.
[FR Doc. 2017–22353 Filed 10–13–17; 8:45 am]
BILLING CODE P
FEDERAL RESERVE SYSTEM
Formations of, Acquisitions by, and
Mergers of Bank Holding Companies
The companies listed in this notice
have applied to the Board for approval,
pursuant to the Bank Holding Company
Act of 1956 (12 U.S.C. 1841 et seq.)
(BHC Act), Regulation Y (12 CFR part
225), and all other applicable statutes
and regulations to become a bank
holding company and/or to acquire the
assets or the ownership of, control of, or
the power to vote shares of a bank or
bank holding company and all of the
banks and nonbanking companies
owned by the bank holding company,
including the companies listed below.
The applications listed below, as well
as other related filings required by the
Board, are available for immediate
inspection at the Federal Reserve Bank
indicated. The applications will also be
available for inspection at the offices of
the Board of Governors. Interested
persons may express their views in
writing on the standards enumerated in
the BHC Act (12 U.S.C. 1842(c)). If the
proposal also involves the acquisition of
a nonbanking company, the review also
includes whether the acquisition of the
nonbanking company complies with the
standards in section 4 of the BHC Act
(12 U.S.C. 1843). Unless otherwise
noted, nonbanking activities will be
conducted throughout the United States.
Unless otherwise noted, comments
regarding each of these applications
must be received at the Reserve Bank
indicated or the offices of the Board of
Governors not later than November 13,
2017.
A. Federal Reserve Bank of Richmond
(Adam M. Drimer, Assistant Vice
President) 701 East Byrd Street,
Richmond, Virginia 23261–4528.
Comments can also be sent
electronically to or
Comments.applications@rich.frb.org:
1. Howard Bancorp, Inc., Ellicott City,
Maryland; to acquire voting shares of
First Mariner Bank, Baltimore,
Maryland.
Board of Governors of the Federal Reserve
System, October 11, 2017.
Ann Misback,
Secretary of the Board.
[FR Doc. 2017–22354 Filed 10–13–17; 8:45 am]
BILLING CODE P
PO 00000
Frm 00032
Fmt 4703
Sfmt 4703
48081
FEDERAL RETIREMENT THRIFT
INVESTMENT BOARD
Sunshine Act; Notice of Board Member
Meeting: Federal Retirement Thrift
Investment Board
Agenda
Federal Retirement Thrift Investment
Board Members’ Meeting, October 23,
2017, 8:30 a.m. (In-Person).
Open Session
1. Approval of the Minutes of the
September 18, 2017 Board
Members’ Meeting
2. Investment Manager Annual Service
Review
3. Monthly Reports
(a) Participant Activity Report
(b) Legislative Report
4. Quarterly Reports
(c) Investment Policy
(d) Budget Review
(e) Audit Status
5. Mid-Year Financial Audit
6. ORM Annual Report
7. OEP Annual Report/Survey
8. Blended Retirement Update
9. IT Update
Closed Session
Information covered under 5 U.S.C.
552b(c)(9)(B).
Adjourn
CONTACT PERSON FOR MORE INFORMATION:
Kimberly Weaver, Director, Office of
External Affairs, (202) 942–1640.
Dated: October 12, 2017.
Megan Grumbine,
General Counsel, Federal Retirement Thrift
Investment Board.
[FR Doc. 2017–22487 Filed 10–12–17; 4:15 pm]
BILLING CODE 6760–01–P
FEDERAL TRADE COMMISSION
Agency Information Collection
Activities; Submission for OMB
Review; Comment Request
Federal Trade Commission.
Notice and request for comment.
AGENCY:
ACTION:
In compliance with the
Paperwork Reduction Act (PRA) of
1995, the Federal Trade Commission
(‘‘FTC’’ or ‘‘Commission’’) is seeking
public comments on its request to the
Office of Management and Budget
(‘‘OMB’’) for a three-year extension of
the current PRA clearance for the
information collection requirements
contained in the Gramm-Leach-Bliley
Financial Privacy Rule (GLB Privacy
Rule). That clearance expires on October
31, 2017.
SUMMARY:
E:\FR\FM\16OCN1.SGM
16OCN1
48082
Federal Register / Vol. 82, No. 198 / Monday, October 16, 2017 / Notices
Comments must be received by
November 15, 2017.
ADDRESSES: Interested parties may file a
comment online or on paper by
following the instructions in the
Request for Comments part of the
SUPPLEMENTARY INFORMATION section
below. Write ‘‘Privacy Rule: Paperwork
Comment: FTC File No. P085405’’ on
your comment, and file your comment
online at https://
ftcpublic.commentworks.com/ftc/
glbfinancialrulepra2 by following the
instructions on the web-based form. If
you prefer to file your comment on
paper, mail your comment to the
following address: Federal Trade
Commission, Office of the Secretary,
600 Pennsylvania Avenue NW., Suite
CC–5610 (Annex J), Washington, DC
20580, or deliver your comment to the
following address: Federal Trade
Commission, Office of the Secretary,
Constitution Center, 400 7th Street SW.,
5th Floor, Suite 5610 (Annex J),
Washington, DC 20024.
Comments on the information
collection requirements subject to
review under the PRA should
additionally be submitted to OMB. If
sent by U.S. mail, they should be
addressed to Office of Information and
Regulatory Affairs, Office of
Management and Budget, Attention:
Desk Officer for the Federal Trade
Commission, New Executive Office
Building, Docket Library, Room 10102,
725 17th Street NW., Washington, DC
20503. Comments sent to OMB by U.S.
postal mail-are subject to delays due to
heightened security precautions. Thus,
comments can also be sent via email to
wliberante@omb.eop.gov.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the proposed information
requirements should be addressed to
David Lincicum, Attorney, Division of
Privacy and Identity Protection, Bureau
of Consumer Protection, Federal Trade
Commission, 600 Pennsylvania Ave.
NW., Drop Box 8232, Washington, DC
20580, (202) 326–2773.
SUPPLEMENTARY INFORMATION:
Title: GLB Privacy Rule (officially
titled Privacy of Consumer Financial
Information Rule), 16 CFR part 313.
OMB Control Number: 3084–0121.
Type of Review: Extension of a
currently approved collection.
Abstract: The Privacy Rule is
designed to ensure that customers and
consumers, subject to certain
exceptions, will have access to the
privacy policies of the financial
institutions with which they conduct
business. As mandated by the GrammLeach-Bliley Act (GLBA), 15 U.S.C.
ethrower on DSK3G9T082PROD with NOTICES
DATES:
VerDate Sep<11>2014
16:59 Oct 13, 2017
Jkt 244001
6801–6809, the Rule requires financial
institutions to disclose to consumers: (1)
Initial notice of the financial
institution’s privacy policy when
establishing a customer relationship
with a consumer and/or before sharing
a consumer’s non-public personal
information with certain nonaffiliated
third parties; (2) notice of the
consumer’s right to opt out of
information sharing with such parties;
(3) annual notice of the institution’s
privacy policy to any continuing
customer; 1 and (4) notice of changes in
the institution’s practices on
information sharing. These
requirements are subject to the PRA.
The Rule does not require
recordkeeping. For PRA burden
calculations the FTC has attributed to
itself the burden for all motor vehicle
dealers that do not routinely extend
credit to consumers directly without
assigning the credit to unaffiliated third
parties (hereafter, motor vehicle
dealers), and then shares equally the
remaining PRA burden with the CFPB
for other types of financial institutions
over which both agencies have
enforcement authority. See 12 U.S.C.
5519.
On July 7, 2017, the Commission
sought comment on the Rule’s
information collection requirements.2
The Commission did not receive any
germane comments. As required by
OMB regulations, 5 CFR 1320, the FTC
is providing this second opportunity for
public comment.
Privacy Rule Burden Statement
Estimated annual hours burden:
1,725,600 annual hours (FTC portion).
As noted in previous burden
estimates for the Privacy Rule,
determining the PRA burden of the
Rule’s disclosure requirements is very
difficult because of the highly diverse
group of affected entities, consisting of
financial institutions not regulated by a
1 On December 4, 2015, Congress amended the
GLBA as part of the Fixing America’s Surface
Transportation Act (FAST Act). This amendment,
titled Eliminate Privacy Notice Confusion (FAST
Act, Pub. L. 114094, section 75001) added new
GLBA section 503(f). This subsection provides an
exception under which financial institutions that
meet certain conditions are not required to provide
annual privacy notices to customers. Section 503(f)
requires that to qualify for this exception, a
financial institution must not share nonpublic
personal information about customers except as
described in certain statutory exceptions, under
which sharing does not trigger a customer’s
statutory right to opt out of the sharing. In addition,
section 503(f)(2) requires that the financial
institution must not have changed its policies and
practices with regard to disclosing nonpublic
personal information from those that the institution
disclosed in the most recent privacy notice the
customer received.
2 See FR 31604 (60-Day Federal Register Notice).
PO 00000
Frm 00033
Fmt 4703
Sfmt 4703
Federal financial regulatory agency. See
15 U.S.C. 6805 (committing to the
Commission’s jurisdiction entities that
are not specifically subject to another
agency’s jurisdiction).
The burden estimates represent the
FTC staff’s best assessment, based on its
knowledge and expertise relating to the
financial institutions subject to the
Commission’s jurisdiction under this
law. To derive these estimates, staff
considered the wide variations in
covered entities. In some instances,
covered entities may make the required
disclosures in the ordinary course of
business, apart from the Privacy Rule. In
addition, some entities may use highly
automated means to provide the
required disclosures, while others may
rely on methods requiring more manual
effort. The burden estimates shown
below include the time that may be
necessary to train staff to comply with
the regulations. These figures are
averages based on staff’s best estimate of
the burden incurred over the broad
spectrum of covered entities.
Staff estimates that the number of
entities each year that will address the
Privacy Rule for the first time will be
5,000 and the number of established
entities already familiar with the Rule
will be 100,000. While the number of
established entities familiar with the
Rule would theoretically increase each
year with the addition of new entrants,
staff retains its estimate of established
entities for each successive year given
that a number of the established entities
will close in any given year, and also
given the difficulty of establishing a
more precise estimate.
Staff believes that the usage of the
model privacy form and the availability
of the form builder simplify and
automate much of the work associated
with creating the disclosure documents
for new entrants. Staff thus estimates 1
hour of clerical time and 2 hours of
professional/technical time per new
entrant.
For established entities, staff similarly
believes that the usage of the model
privacy form and the availability of the
Online Form Builder reduces the time
associated with the modification of the
notices. Staff thus estimates 7 hours of
clerical time and 3 hours of
professional/technical time per
respondent. Staff estimates that no more
than 1% of the estimated 100,000
established-entity respondents would
make additional changes to privacy
policies at any time other than the
occasion of the annual notice.
Furthermore, under Section 503(f),
businesses who have not changed their
privacy notice since the last notice sent
and who do not share information with
E:\FR\FM\16OCN1.SGM
16OCN1
48083
Federal Register / Vol. 82, No. 198 / Monday, October 16, 2017 / Notices
non-affiliated third parties outside of
certain statutory exceptions do not have
to issue annual notices to their
customers. Staff estimates that at least
80% of businesses covered by the rule
will, accordingly, not be required to
issue annual notices.
The complete burden estimates for
new entrants and established entities
are detailed in the charts below.
START-UP HOURS AND LABOR COSTS FOR ALL NEW ENTRANTS (TABLE IA)
Event
Hourly wage and labor category *
Reviewing internal policies and developing GLB Act-implementing instructions **.
Creating disclosure document or
electronic disclosure (including initial, annual, and opt-out disclosures).
Disseminating initial disclosure (including opt-out notices).
Total ...........................................
Approximate
number of
respondents
Hours per
respondent
Approximate
total annual
hours
Approximate
total labor
costs
$42.76
Professional/Technical .......
20
5,000
100,000
$4,276,000
$17.91
$42.76
Clerical ...............................
Professional/Technical .......
1
2
5,000
5,000
5,000
10,000
89,550
427,600
$17.91
$42.76
Clerical ...............................
Professional/Technical .......
15
10
5,000
5,000
75,000
50,000
1,343,250
2,138,000
...........................................................
........................
........................
240,000
8,274,400
* Staff calculated labor costs by applying appropriate hourly cost figures to burden hours. The hourly rates used were based on mean wages
for Financial Examiners and for Office and Administrative Support, corresponding to professional/technical time (e.g., compliance evaluation and/
or planning, designing and producing notices, reviewing and updating information systems), and clerical time (e.g., reproduction tasks, filing, and,
where applicable to the given event, typing or mailing) respectively. See BLS Occupational Employment and Wages, May 2016, Table 1 at https://
www.bls.gov/news.release/pdf/ocwage.pdf. Labor cost totals reflect solely that of the commercial entities affected. Staff estimates that the time
required of consumers to respond affirmatively to respondents’ opt-out programs (be it manually or electronically) would be minimal.
** Reviewing instructions includes all efforts performed by or for the respondent to: Determine whether and to what extent the respondent is
covered by an agency collection of information, understand the nature of the request, and determine the appropriate response (including the creation and dissemination of documents and/or electronic disclosures).
Burden for established entities
already familiar with the Rule
predictably would be less than for
startup entities because start-up costs,
such as crafting a privacy policy, are
generally one-time costs and have
already been incurred. Staff’s best
estimate of the average burden for these
entities is as follows:
BURDEN HOURS AND COSTS FOR ALL ESTABLISHED ENTITIES (TABLE IB)
Approximate
number of
respondents **
Hours per
respondent
Approximate
total annual
hrs.
Approximate
total labor
costs
Event
Hourly wage and labor category *
Reviewing GLB Act-implementing
policies and practices.
Disseminating initial notices to new
customers.
Disseminating annual disclosure to
pre-existing customers.
Changes to privacy policies and related disclosures.
$42.76 Professional/Technical .........
4
100,000
400,000
$17,104,000
$17.91 Clerical .................................
15
100,000
1,500,000
26,865,000
$17.91
$42.76
$17.91
$42.76
Clerical .................................
Professional/Technical .........
Clerical .................................
Professional/Technical .........
15
5
7
3
14,000
14,000
1,000
1,000
210,000
70,000
7,000
3,000
3,761,100
2,993,200
125,370
128,280
Total ...........................................
...........................................................
........................
........................
2,190,000
50,976,950
ethrower on DSK3G9T082PROD with NOTICES
* Staff calculated labor costs by applying appropriate hourly cost figures to burden hours. The hourly rates used were based on mean wages
for Financial Examiners and for Office and Administrative Support, corresponding to professional/technical time (e.g., compliance evaluation and/
or planning, designing and producing notices, reviewing and updating information systems), and clerical time (e.g., reproduction tasks, filing, and,
where applicable to the given event, typing or mailing) respectively. See BLS Occupational Employment and Wages, May 2016, Table 1 at https://
www.bls.gov/news.release/pdf/ocwage.pdf. Labor cost totals reflect solely that of the affected commercial entities. Consumers have a continuing
right to opt out, as well as a right to revoke their opt-out at any time. When a respondent changes its information sharing practices, consumers
are again given the opportunity to opt out. Again, staff assumes that the time required of consumers to respond affirmatively to respondents’ optout programs (be it manually or electronically) would be minimal.
** The estimate of respondents which are required to disseminate annual notices is based on the following assumptions: (1) 100,000 established respondents, approximately 70% of whom maintain customer relationships exceeding one year, (2) no more than 20% (14,000) of whom
have made changes to their policies and share nonpublic information outside of the statutory exceptions, and therefore are required to provide
annual notices under GLBA 503(f). See CFPB, Proposed Rule, 81 FR 44801, 44809 (July 11, 2016); (3) and no more than 1% (1,000) of whom
make additional changes to privacy policies at any time other than the occasion of the annual notice; and (4) such changes will occur no more
often than once per year.
As calculated above, the total annual
PRA burden hours and labor costs for all
affected entities in a given year would
VerDate Sep<11>2014
16:59 Oct 13, 2017
Jkt 244001
be 2,430,000 hours and $59,251,350,
respectively.
The FTC now carves out from these
overall figures the burden hours and
labor costs associated with motor
PO 00000
Frm 00034
Fmt 4703
Sfmt 4703
vehicle dealers. This is because the
CFPB does not enforce the Privacy Rule
for those types of entities. We estimate
the following:
E:\FR\FM\16OCN1.SGM
16OCN1
48084
Federal Register / Vol. 82, No. 198 / Monday, October 16, 2017 / Notices
ANNUAL START-UP HOURS AND LABOR COSTS FOR NEW MOTOR VEHICLE DEALER ENTRANTS ONLY (TABLE IIA)
Approximate
number of
respondents
(Table IA
inputs ×
0.57) **
Hours per
respondent
Approximate
total annual
hrs.
Approximate
total labor
costs
Event
Hourly wage and labor category
Reviewing internal policies and developing GLB Act-implementing instructions **.
Creating disclosure document or
electronic disclosure (including initial, annual, and opt -out disclosures).
Disseminating initial disclosure (including opt-out notices).
$42.76 Professional/Technical .........
20
2,100
42,000
$21,795,920
$17.91 Clerical .................................
$42.76 Professional/Technical .........
1
2
2,100
2,100
2,100
4,200
37,611
179,592
$17.91 Clerical .................................
$42.76 Professional/Technical .........
15
10
2,100
2,100
31,500
21,000
564,165
897,960
Total ...........................................
...........................................................
........................
........................
100,800
3,475,248
** Multiply the number of respondents from the comparable table above on all new entrants by the following allocation (43,708/105,000) = 0.42.
The number in the denominator represents the total of the FTC’s existing Privacy Rule estimates for new entrants (5,000) and established entities (100,000). The numerator represents an estimate of motor vehicle respondents. For this category, Commission staff relied on the following
industry estimates: 16,708 new car dealers per National Automobile Dealers Association data (2016) and 12,000 independent/used car dealers
who do not extend credit directly to consumers without routinely assigning the credit to third-parties per National Independent Automobile Dealers
Association data (2012), respectively, in addition to 15,000 dealers of other motor vehicles (motorcycles, boats, other recreational vehicles) per
the 2012 economic census, which are also covered within the definition of ‘‘motor vehicle dealer’’ under section 1029(a) of the Dodd-Frank Act.
ANNUAL BURDEN HOURS AND LABOR COSTS FOR ESTABLISHED MOTOR VEHICLE DEALERS ONLY (TABLE IIB)
Approximate
number of
respondents **
(Table IB
inputs × 0.57)
Hours per
respondent
Approximate
total annual
hrs.
Approximate
total labor
costs
Event
Hourly wage and labor category *
Reviewing GLB Act-implementing
policies and practices.
Disseminating initial notices to new
customers.
Disseminating annual disclosure ......
$42.76 Professional/Technical .........
4
42,000
168,600
$7,209,336
$17.91 Clerical .................................
15
42,000
630,000
11,283,300
$17.91
$42.76
$17.91
$42.76
Clerical .................................
Professional/Technical .........
Clerical .................................
Professional/Technical. ........
15
5
7
3
5,880
5,880
420
420
88,200
29,400
2,940
1,260
1,579,662
1,257,144
52,655
53,878
...........................................................
........................
........................
920,400
21,435,975
Changes to privacy policies and related disclosures.
Total ...........................................
The FTC’s portion of the annual hourly
burden would be 1,021,200 +
((2,430,000¥1,021,200)/2) = 1,725,600
annual hours. The FTC’s portion of the
annual cost burden would be
$24,911,223 +
$((59,251,350¥24,911,223)/2) =
$42,081,287.
ethrower on DSK3G9T082PROD with NOTICES
Estimated Capital/Other Non-Labor
Costs Burden
Staff believes that capital or other
non-labor costs associated with the
document requests are minimal.
Covered entities will already be
equipped to provide written notices
(e.g., computers with word processing
programs, copying machines, mailing
capabilities). Most likely, only entities
that already have online capabilities
will offer consumers the choice to
receive notices via electronic format. As
such, these entities will already be
equipped with the computer equipment
and software necessary to disseminate
VerDate Sep<11>2014
16:59 Oct 13, 2017
Jkt 244001
the required disclosures via electronic
means.
Request for Comment
You can file a comment online or on
paper. For the FTC to consider your
comment, we must receive it on or
before November 15, 2017. Write
‘‘Privacy Rule: Paperwork Comment:
FTC File No. P085405’’ on your
comment. Your comment—including
your name and your state—will be
placed on the public record of this
proceeding, including, to the extent
practicable, on the public Commission
Web site, at https://www.ftc.gov/os/
publiccomments.shtm. As a matter of
discretion, the Commission tries to
remove individuals’ home contact
information from comments before
placing them on the Commission Web
site.
Postal mail addressed to the
Commission is subject to delay due to
heightened security screening. As a
PO 00000
Frm 00035
Fmt 4703
Sfmt 4703
result, we encourage you to submit your
comments online, or to send them to the
Commission by courier or overnight
service. To make sure that the
Commission considers your online
comment, you must file it at https://
ftcpublic.commentworks.com/ftc/
glbfinancialrulepra2 by following the
instructions on the web-based form.
When this Notice appears at https://
www.regulations.gov, you also may file
a comment through that Web site.
If you file your comment on paper,
write ‘‘Privacy Rule: Paperwork
Comment: FTC File No. P085405’’ on
your comment and on the envelope, and
mail it to the following address: Federal
Trade Commission, Office of the
Secretary, 600 Pennsylvania Avenue
NW., Suite CC–5610 (Annex J),
Washington, DC 20580, or deliver your
comment to the following address:
Federal Trade Commission, Office of the
Secretary, Constitution Center, 400 7th
Street SW., 5th Floor, Suite 5610,
E:\FR\FM\16OCN1.SGM
16OCN1
ethrower on DSK3G9T082PROD with NOTICES
Federal Register / Vol. 82, No. 198 / Monday, October 16, 2017 / Notices
Washington, DC 20024. If possible,
submit your paper comment to the
Commission by courier or overnight
service.
Comments on the information
collection requirements subject to
review under the PRA should
additionally be submitted to OMB. If
sent by U.S. mail, they should be
addressed to Office of Information and
Regulatory Affairs, Office of
Management and Budget, Attention:
Desk Officer for the Federal Trade
Commission, New Executive Office
Building, Docket Library, Room 10102,
725 17th Street NW., Washington, DC
20503. Comments sent to OMB by U.S.
postal mail are subject to delays due to
heightened security precautions. Thus,
comments can also be sent via email to
wliberante@omb.eop.gov.
Because your comment will be placed
on the publicly accessible FTC Web site
at https://www.ftc.gov/, you are solely
responsible for making sure that your
comment does not include any sensitive
or confidential information. In
particular, your comment should not
include any sensitive personal
information, such as your or anyone
else’s Social Security number; date of
birth; driver’s license number or other
state identification number, or foreign
country equivalent; passport number;
financial account number; or credit or
debit card number. You are also solely
responsible for making sure that your
comment does not include any sensitive
health information, such as medical
records or other individually
identifiable health information. In
addition, your comment should not
include any ‘‘trade secret or any
commercial or financial information
which . . . is privileged or
confidential’’—as provided by Section
6(f) of the FTC Act, 15 U.S.C. 46(f), and
FTC Rule 4.10(a)(2), 16 CFR 4.10(a)(2)—
including in particular competitively
sensitive information such as costs,
sales statistics, inventories, formulas,
patterns, devices, manufacturing
processes, or customer names.
Comments containing material for
which confidential treatment is
requested must be filed in paper form,
must be clearly labeled ‘‘Confidential,’’
and must comply with FTC Rule 4.9(c).
In particular, the written request for
confidential treatment that accompanies
the comment must include the factual
and legal basis for the request, and must
identify the specific portions of the
comment to be withheld from the public
record. See FTC Rule 4.9(c). Your
comment will be kept confidential only
if the General Counsel grants your
request in accordance with the law and
the public interest. Once your comment
VerDate Sep<11>2014
16:59 Oct 13, 2017
Jkt 244001
has been posted on the public FTC Web
site—as legally required by FTC Rule
4.9(b)—we cannot redact or remove
your comment from the FTC Web site,
unless you submit a confidentiality
request that meets the requirements for
such treatment under FTC Rule 4.9(c),
and the General Counsel grants that
request.
The FTC Act and other laws that the
Commission administers permit the
collection of public comments to
consider and use in this proceeding as
appropriate. The Commission will
consider all timely and responsive
public comments that it receives on or
before November 15, 2017. For
information on the Commission’s
privacy policy, including routine uses
permitted by the Privacy Act, see
https://www.ftc.gov/site-information/
privacy-policy.
Christian S. White,
Acting General Counsel.
[FR Doc. 2017–22334 Filed 10–13–17; 8:45 am]
BILLING CODE 6750–01–P
FEDERAL TRADE COMMISSION
Agency Information Collection
Activities; Proposed Collection;
Comment Request
Federal Trade Commission
(‘‘FTC’’ or ‘‘Commission’’).
ACTION: Notice.
AGENCY:
The information collection
requirements described below will be
submitted to the Office of Management
and Budget (OMB) for review, as
required by the Paperwork Reduction
Act (PRA). The FTC seeks public
comments on its proposal to extend, for
three years, the current PRA clearance
for information collection requirements
contained in its Trade Regulation Rule
entitled Power Output Claims for
Amplifiers Utilized in Home
Entertainment Products (Amplifier Rule
or Rule) (OMB Control Number 3084–
0105). That clearance expires on January
31, 2018.
DATES: Comments must be submitted by
December 15, 2017.
ADDRESSES: Interested parties may file a
comment online or on paper by
following the instructions in the
Request for Comments part of the
SUPPLEMENTARY INFORMATION section
below. Write ‘‘Amplifier Rule: FTC File
No. P974222’’ on your comment, and
file your comment online at https://
ftcpublic.commentworks.com/ftc/
amplifierrulepra1 by following the
instructions on the web-based form. If
you prefer to file your comment on
SUMMARY:
PO 00000
Frm 00036
Fmt 4703
Sfmt 4703
48085
paper, mail your comment to the
following address: Federal Trade
Commission, Office of the Secretary,
600 Pennsylvania Avenue NW., Suite
CC–5610 (Annex J), Washington, DC
20580, or deliver your comment to the
following address: Federal Trade
Commission, Office of the Secretary,
Constitution Center, 400 7th Street SW.,
5th Floor, Suite 5610 (Annex J),
Washington, DC 20024.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information
should be addressed to Jock K. Chung,
Attorney, Division of Enforcement,
Bureau of Consumer Protection, Federal
Trade Commission, Mail Code CC–9528,
600 Pennsylvania Ave. NW.,
Washington, DC 20580, (202) 326–2984.
Under the
PRA, 44 U.S.C. 3501–3521, federal
agencies must obtain approval from
OMB for each collection of information
they conduct or sponsor. ‘‘Collection of
information’’ means agency requests or
requirements that members of the public
submit reports, keep records, or provide
information to a third party. 44 U.S.C.
3502(3); 5 CFR 1320.3(c). As required by
section 3506(c)(2)(A) of the PRA, the
FTC is providing this opportunity for
public comment before requesting that
OMB extend the existing clearance for
the information collection requirements
contained in the Commission’s
Amplifier Rule, 16 CFR part 432 (OMB
Control Number 3084–0105). The FTC
invites comments on: (1) 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; (2) 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; (3)
ways to enhance the quality, utility, and
clarity of the information to be
collected; and (4) ways to 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
submission of responses.
The Amplifier Rule assists consumers
by standardizing the measurement and
disclosure of power output and other
performance characteristics of
amplifiers in stereos and other home
entertainment equipment. The Rule also
specifies the test conditions necessary to
make the disclosures that the Rule
requires.
SUPPLEMENTARY INFORMATION:
E:\FR\FM\16OCN1.SGM
16OCN1
Agencies
[Federal Register Volume 82, Number 198 (Monday, October 16, 2017)]
[Notices]
[Pages 48081-48085]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-22334]
=======================================================================
-----------------------------------------------------------------------
FEDERAL TRADE COMMISSION
Agency Information Collection Activities; Submission for OMB
Review; Comment Request
AGENCY: Federal Trade Commission.
ACTION: Notice and request for comment.
-----------------------------------------------------------------------
SUMMARY: In compliance with the Paperwork Reduction Act (PRA) of 1995,
the Federal Trade Commission (``FTC'' or ``Commission'') is seeking
public comments on its request to the Office of Management and Budget
(``OMB'') for a three-year extension of the current PRA clearance for
the information collection requirements contained in the Gramm-Leach-
Bliley Financial Privacy Rule (GLB Privacy Rule). That clearance
expires on October 31, 2017.
[[Page 48082]]
DATES: Comments must be received by November 15, 2017.
ADDRESSES: Interested parties may file a comment online or on paper by
following the instructions in the Request for Comments part of the
SUPPLEMENTARY INFORMATION section below. Write ``Privacy Rule:
Paperwork Comment: FTC File No. P085405'' on your comment, and file
your comment online at https://ftcpublic.commentworks.com/ftc/glbfinancialrulepra2 by following the instructions on the web-based
form. If you prefer to file your comment on paper, mail your comment to
the following address: Federal Trade Commission, Office of the
Secretary, 600 Pennsylvania Avenue NW., Suite CC-5610 (Annex J),
Washington, DC 20580, or deliver your comment to the following address:
Federal Trade Commission, Office of the Secretary, Constitution Center,
400 7th Street SW., 5th Floor, Suite 5610 (Annex J), Washington, DC
20024.
Comments on the information collection requirements subject to
review under the PRA should additionally be submitted to OMB. If sent
by U.S. mail, they should be addressed to Office of Information and
Regulatory Affairs, Office of Management and Budget, Attention: Desk
Officer for the Federal Trade Commission, New Executive Office
Building, Docket Library, Room 10102, 725 17th Street NW., Washington,
DC 20503. Comments sent to OMB by U.S. postal mail-are subject to
delays due to heightened security precautions. Thus, comments can also
be sent via email to wliberante@omb.eop.gov.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the proposed information requirements should be addressed to
David Lincicum, Attorney, Division of Privacy and Identity Protection,
Bureau of Consumer Protection, Federal Trade Commission, 600
Pennsylvania Ave. NW., Drop Box 8232, Washington, DC 20580, (202) 326-
2773.
SUPPLEMENTARY INFORMATION:
Title: GLB Privacy Rule (officially titled Privacy of Consumer
Financial Information Rule), 16 CFR part 313.
OMB Control Number: 3084-0121.
Type of Review: Extension of a currently approved collection.
Abstract: The Privacy Rule is designed to ensure that customers and
consumers, subject to certain exceptions, will have access to the
privacy policies of the financial institutions with which they conduct
business. As mandated by the Gramm-Leach-Bliley Act (GLBA), 15 U.S.C.
6801-6809, the Rule requires financial institutions to disclose to
consumers: (1) Initial notice of the financial institution's privacy
policy when establishing a customer relationship with a consumer and/or
before sharing a consumer's non-public personal information with
certain nonaffiliated third parties; (2) notice of the consumer's right
to opt out of information sharing with such parties; (3) annual notice
of the institution's privacy policy to any continuing customer; \1\ and
(4) notice of changes in the institution's practices on information
sharing. These requirements are subject to the PRA. The Rule does not
require recordkeeping. For PRA burden calculations the FTC has
attributed to itself the burden for all motor vehicle dealers that do
not routinely extend credit to consumers directly without assigning the
credit to unaffiliated third parties (hereafter, motor vehicle
dealers), and then shares equally the remaining PRA burden with the
CFPB for other types of financial institutions over which both agencies
have enforcement authority. See 12 U.S.C. 5519.
---------------------------------------------------------------------------
\1\ On December 4, 2015, Congress amended the GLBA as part of
the Fixing America's Surface Transportation Act (FAST Act). This
amendment, titled Eliminate Privacy Notice Confusion (FAST Act, Pub.
L. 114094, section 75001) added new GLBA section 503(f). This
subsection provides an exception under which financial institutions
that meet certain conditions are not required to provide annual
privacy notices to customers. Section 503(f) requires that to
qualify for this exception, a financial institution must not share
nonpublic personal information about customers except as described
in certain statutory exceptions, under which sharing does not
trigger a customer's statutory right to opt out of the sharing. In
addition, section 503(f)(2) requires that the financial institution
must not have changed its policies and practices with regard to
disclosing nonpublic personal information from those that the
institution disclosed in the most recent privacy notice the customer
received.
---------------------------------------------------------------------------
On July 7, 2017, the Commission sought comment on the Rule's
information collection requirements.\2\ The Commission did not receive
any germane comments. As required by OMB regulations, 5 CFR 1320, the
FTC is providing this second opportunity for public comment.
---------------------------------------------------------------------------
\2\ See FR 31604 (60-Day Federal Register Notice).
---------------------------------------------------------------------------
Privacy Rule Burden Statement
Estimated annual hours burden: 1,725,600 annual hours (FTC
portion).
As noted in previous burden estimates for the Privacy Rule,
determining the PRA burden of the Rule's disclosure requirements is
very difficult because of the highly diverse group of affected
entities, consisting of financial institutions not regulated by a
Federal financial regulatory agency. See 15 U.S.C. 6805 (committing to
the Commission's jurisdiction entities that are not specifically
subject to another agency's jurisdiction).
The burden estimates represent the FTC staff's best assessment,
based on its knowledge and expertise relating to the financial
institutions subject to the Commission's jurisdiction under this law.
To derive these estimates, staff considered the wide variations in
covered entities. In some instances, covered entities may make the
required disclosures in the ordinary course of business, apart from the
Privacy Rule. In addition, some entities may use highly automated means
to provide the required disclosures, while others may rely on methods
requiring more manual effort. The burden estimates shown below include
the time that may be necessary to train staff to comply with the
regulations. These figures are averages based on staff's best estimate
of the burden incurred over the broad spectrum of covered entities.
Staff estimates that the number of entities each year that will
address the Privacy Rule for the first time will be 5,000 and the
number of established entities already familiar with the Rule will be
100,000. While the number of established entities familiar with the
Rule would theoretically increase each year with the addition of new
entrants, staff retains its estimate of established entities for each
successive year given that a number of the established entities will
close in any given year, and also given the difficulty of establishing
a more precise estimate.
Staff believes that the usage of the model privacy form and the
availability of the form builder simplify and automate much of the work
associated with creating the disclosure documents for new entrants.
Staff thus estimates 1 hour of clerical time and 2 hours of
professional/technical time per new entrant.
For established entities, staff similarly believes that the usage
of the model privacy form and the availability of the Online Form
Builder reduces the time associated with the modification of the
notices. Staff thus estimates 7 hours of clerical time and 3 hours of
professional/technical time per respondent. Staff estimates that no
more than 1% of the estimated 100,000 established-entity respondents
would make additional changes to privacy policies at any time other
than the occasion of the annual notice. Furthermore, under Section
503(f), businesses who have not changed their privacy notice since the
last notice sent and who do not share information with
[[Page 48083]]
non-affiliated third parties outside of certain statutory exceptions do
not have to issue annual notices to their customers. Staff estimates
that at least 80% of businesses covered by the rule will, accordingly,
not be required to issue annual notices.
The complete burden estimates for new entrants and established
entities are detailed in the charts below.
Start-Up Hours and Labor Costs for All New Entrants (Table IA)
----------------------------------------------------------------------------------------------------------------
Approximate Approximate Approximate
Event Hourly wage and Hours per number of total annual total labor
labor category * respondent respondents hours costs
----------------------------------------------------------------------------------------------------------------
Reviewing internal policies $42.76 20 5,000 100,000 $4,276,000
and developing GLB Act- Professional/
implementing instructions **. Technical.
Creating disclosure document $17.91 Clerical. 1 5,000 5,000 89,550
or electronic disclosure $42.76 2 5,000 10,000 427,600
(including initial, annual, Professional/
and opt-out disclosures). Technical.
Disseminating initial $17.91 Clerical. 15 5,000 75,000 1,343,250
disclosure (including opt-out $42.76 10 5,000 50,000 2,138,000
notices). Professional/
Technical.
---------------------------------------------------------------
Total..................... ................ .............. .............. 240,000 8,274,400
----------------------------------------------------------------------------------------------------------------
* Staff calculated labor costs by applying appropriate hourly cost figures to burden hours. The hourly rates
used were based on mean wages for Financial Examiners and for Office and Administrative Support, corresponding
to professional/technical time (e.g., compliance evaluation and/or planning, designing and producing notices,
reviewing and updating information systems), and clerical time (e.g., reproduction tasks, filing, and, where
applicable to the given event, typing or mailing) respectively. See BLS Occupational Employment and Wages, May
2016, Table 1 at https://www.bls.gov/news.release/pdf/ocwage.pdf. Labor cost totals reflect solely that of the
commercial entities affected. Staff estimates that the time required of consumers to respond affirmatively to
respondents' opt-out programs (be it manually or electronically) would be minimal.
** Reviewing instructions includes all efforts performed by or for the respondent to: Determine whether and to
what extent the respondent is covered by an agency collection of information, understand the nature of the
request, and determine the appropriate response (including the creation and dissemination of documents and/or
electronic disclosures).
Burden for established entities already familiar with the Rule
predictably would be less than for startup entities because start-up
costs, such as crafting a privacy policy, are generally one-time costs
and have already been incurred. Staff's best estimate of the average
burden for these entities is as follows:
Burden Hours and Costs for All Established Entities (Table IB)
----------------------------------------------------------------------------------------------------------------
Approximate Approximate Approximate
Event Hourly wage and Hours per number of total annual total labor
labor category * respondent respondents ** hrs. costs
----------------------------------------------------------------------------------------------------------------
Reviewing GLB Act-implementing $42.76 4 100,000 400,000 $17,104,000
policies and practices. Professional/
Technical.
Disseminating initial notices $17.91 Clerical. 15 100,000 1,500,000 26,865,000
to new customers.
Disseminating annual $17.91 Clerical. 15 14,000 210,000 3,761,100
disclosure to pre-existing $42.76 5 14,000 70,000 2,993,200
customers. Professional/
Technical.
Changes to privacy policies $17.91 Clerical. 7 1,000 7,000 125,370
and related disclosures. $42.76 3 1,000 3,000 128,280
Professional/
Technical.
---------------------------------------------------------------
Total..................... ................ .............. .............. 2,190,000 50,976,950
----------------------------------------------------------------------------------------------------------------
* Staff calculated labor costs by applying appropriate hourly cost figures to burden hours. The hourly rates
used were based on mean wages for Financial Examiners and for Office and Administrative Support, corresponding
to professional/technical time (e.g., compliance evaluation and/or planning, designing and producing notices,
reviewing and updating information systems), and clerical time (e.g., reproduction tasks, filing, and, where
applicable to the given event, typing or mailing) respectively. See BLS Occupational Employment and Wages, May
2016, Table 1 at https://www.bls.gov/news.release/pdf/ocwage.pdf. Labor cost totals reflect solely that of the
affected commercial entities. Consumers have a continuing right to opt out, as well as a right to revoke their
opt-out at any time. When a respondent changes its information sharing practices, consumers are again given
the opportunity to opt out. Again, staff assumes that the time required of consumers to respond affirmatively
to respondents' opt-out programs (be it manually or electronically) would be minimal.
** The estimate of respondents which are required to disseminate annual notices is based on the following
assumptions: (1) 100,000 established respondents, approximately 70% of whom maintain customer relationships
exceeding one year, (2) no more than 20% (14,000) of whom have made changes to their policies and share
nonpublic information outside of the statutory exceptions, and therefore are required to provide annual
notices under GLBA 503(f). See CFPB, Proposed Rule, 81 FR 44801, 44809 (July 11, 2016); (3) and no more than
1% (1,000) of whom make additional changes to privacy policies at any time other than the occasion of the
annual notice; and (4) such changes will occur no more often than once per year.
As calculated above, the total annual PRA burden hours and labor costs
for all affected entities in a given year would be 2,430,000 hours and
$59,251,350, respectively.
The FTC now carves out from these overall figures the burden hours
and labor costs associated with motor vehicle dealers. This is because
the CFPB does not enforce the Privacy Rule for those types of entities.
We estimate the following:
[[Page 48084]]
Annual Start-Up Hours and Labor Costs for New Motor Vehicle Dealer Entrants Only (Table IIA)
----------------------------------------------------------------------------------------------------------------
Approximate
number of
Hourly wage and Hours per respondents Approximate Approximate
Event labor category respondent (Table IA total annual total labor
inputs x 0.57) hrs. costs
**
----------------------------------------------------------------------------------------------------------------
Reviewing internal policies $42.76 20 2,100 42,000 $21,795,920
and developing GLB Act- Professional/
implementing instructions **. Technical.
Creating disclosure document $17.91 Clerical. 1 2,100 2,100 37,611
or electronic disclosure $42.76 2 2,100 4,200 179,592
(including initial, annual, Professional/
and opt -out disclosures). Technical.
Disseminating initial $17.91 Clerical. 15 2,100 31,500 564,165
disclosure (including opt-out $42.76 10 2,100 21,000 897,960
notices). Professional/
Technical.
---------------------------------------------------------------
Total..................... ................ .............. .............. 100,800 3,475,248
----------------------------------------------------------------------------------------------------------------
** Multiply the number of respondents from the comparable table above on all new entrants by the following
allocation (43,708/105,000) = 0.42. The number in the denominator represents the total of the FTC's existing
Privacy Rule estimates for new entrants (5,000) and established entities (100,000). The numerator represents
an estimate of motor vehicle respondents. For this category, Commission staff relied on the following industry
estimates: 16,708 new car dealers per National Automobile Dealers Association data (2016) and 12,000
independent/used car dealers who do not extend credit directly to consumers without routinely assigning the
credit to third-parties per National Independent Automobile Dealers Association data (2012), respectively, in
addition to 15,000 dealers of other motor vehicles (motorcycles, boats, other recreational vehicles) per the
2012 economic census, which are also covered within the definition of ``motor vehicle dealer'' under section
1029(a) of the Dodd-Frank Act.
Annual Burden Hours and Labor Costs for Established Motor Vehicle Dealers Only (Table IIB)
----------------------------------------------------------------------------------------------------------------
Approximate
number of Approximate Approximate
Event Hourly wage and Hours per respondents ** total annual total labor
labor category * respondent (Table IB hrs. costs
inputs x 0.57)
----------------------------------------------------------------------------------------------------------------
Reviewing GLB Act-implementing $42.76 4 42,000 168,600 $7,209,336
policies and practices. Professional/
Technical.
Disseminating initial notices $17.91 Clerical. 15 42,000 630,000 11,283,300
to new customers.
Disseminating annual $17.91 Clerical. 15 5,880 88,200 1,579,662
disclosure. $42.76 5 5,880 29,400 1,257,144
Professional/
Technical.
Changes to privacy policies $17.91 Clerical. 7 420 2,940 52,655
and related disclosures. $42.76 3 420 1,260 53,878
Professional/
Technical..
---------------------------------------------------------------
Total..................... ................ .............. .............. 920,400 21,435,975
----------------------------------------------------------------------------------------------------------------
The FTC's portion of the annual hourly burden would be 1,021,200 +
((2,430,000-1,021,200)/2) = 1,725,600 annual hours. The FTC's portion
of the annual cost burden would be $24,911,223 + $((59,251,350-
24,911,223)/2) = $42,081,287.
Estimated Capital/Other Non-Labor Costs Burden
Staff believes that capital or other non-labor costs associated
with the document requests are minimal. Covered entities will already
be equipped to provide written notices (e.g., computers with word
processing programs, copying machines, mailing capabilities). Most
likely, only entities that already have online capabilities will offer
consumers the choice to receive notices via electronic format. As such,
these entities will already be equipped with the computer equipment and
software necessary to disseminate the required disclosures via
electronic means.
Request for Comment
You can file a comment online or on paper. For the FTC to consider
your comment, we must receive it on or before November 15, 2017. Write
``Privacy Rule: Paperwork Comment: FTC File No. P085405'' on your
comment. Your comment--including your name and your state--will be
placed on the public record of this proceeding, including, to the
extent practicable, on the public Commission Web site, at https://www.ftc.gov/os/publiccomments.shtm. As a matter of discretion, the
Commission tries to remove individuals' home contact information from
comments before placing them on the Commission Web site.
Postal mail addressed to the Commission is subject to delay due to
heightened security screening. As a result, we encourage you to submit
your comments online, or to send them to the Commission by courier or
overnight service. To make sure that the Commission considers your
online comment, you must file it at https://ftcpublic.commentworks.com/ftc/glbfinancialrulepra2 by following the instructions on the web-based
form. When this Notice appears at https://www.regulations.gov, you also
may file a comment through that Web site.
If you file your comment on paper, write ``Privacy Rule: Paperwork
Comment: FTC File No. P085405'' on your comment and on the envelope,
and mail it to the following address: Federal Trade Commission, Office
of the Secretary, 600 Pennsylvania Avenue NW., Suite CC-5610 (Annex J),
Washington, DC 20580, or deliver your comment to the following address:
Federal Trade Commission, Office of the Secretary, Constitution Center,
400 7th Street SW., 5th Floor, Suite 5610,
[[Page 48085]]
Washington, DC 20024. If possible, submit your paper comment to the
Commission by courier or overnight service.
Comments on the information collection requirements subject to
review under the PRA should additionally be submitted to OMB. If sent
by U.S. mail, they should be addressed to Office of Information and
Regulatory Affairs, Office of Management and Budget, Attention: Desk
Officer for the Federal Trade Commission, New Executive Office
Building, Docket Library, Room 10102, 725 17th Street NW., Washington,
DC 20503. Comments sent to OMB by U.S. postal mail are subject to
delays due to heightened security precautions. Thus, comments can also
be sent via email to wliberante@omb.eop.gov.
Because your comment will be placed on the publicly accessible FTC
Web site at https://www.ftc.gov/, you are solely responsible for making
sure that your comment does not include any sensitive or confidential
information. In particular, your comment should not include any
sensitive personal information, such as your or anyone else's Social
Security number; date of birth; driver's license number or other state
identification number, or foreign country equivalent; passport number;
financial account number; or credit or debit card number. You are also
solely responsible for making sure that your comment does not include
any sensitive health information, such as medical records or other
individually identifiable health information. In addition, your comment
should not include any ``trade secret or any commercial or financial
information which . . . is privileged or confidential''--as provided by
Section 6(f) of the FTC Act, 15 U.S.C. 46(f), and FTC Rule 4.10(a)(2),
16 CFR 4.10(a)(2)--including in particular competitively sensitive
information such as costs, sales statistics, inventories, formulas,
patterns, devices, manufacturing processes, or customer names.
Comments containing material for which confidential treatment is
requested must be filed in paper form, must be clearly labeled
``Confidential,'' and must comply with FTC Rule 4.9(c). In particular,
the written request for confidential treatment that accompanies the
comment must include the factual and legal basis for the request, and
must identify the specific portions of the comment to be withheld from
the public record. See FTC Rule 4.9(c). Your comment will be kept
confidential only if the General Counsel grants your request in
accordance with the law and the public interest. Once your comment has
been posted on the public FTC Web site--as legally required by FTC Rule
4.9(b)--we cannot redact or remove your comment from the FTC Web site,
unless you submit a confidentiality request that meets the requirements
for such treatment under FTC Rule 4.9(c), and the General Counsel
grants that request.
The FTC Act and other laws that the Commission administers permit
the collection of public comments to consider and use in this
proceeding as appropriate. The Commission will consider all timely and
responsive public comments that it receives on or before November 15,
2017. For information on the Commission's privacy policy, including
routine uses permitted by the Privacy Act, see https://www.ftc.gov/site-information/privacy-policy.
Christian S. White,
Acting General Counsel.
[FR Doc. 2017-22334 Filed 10-13-17; 8:45 am]
BILLING CODE 6750-01-P