Agency Information Collection Activities; Proposed Collection; Comment Request; Electronic License Application Form, 12036 [2019-06084]

Agencies

• DEPARTMENT OF THE TREASURY
• Office of Foreign Assets Control

[Federal Register Volume 84, Number 61 (Friday, March 29, 2019)]
[Notices]
[Page 12036]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-06084]


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DEPARTMENT OF THE TREASURY

Office of Foreign Assets Control


Agency Information Collection Activities; Proposed Collection; 
Comment Request; Electronic License Application Form

AGENCY: Office of Foreign Assets Control, Treasury.

ACTION: Notice and request for comments.

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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 comment on proposed or continuing 
information collections, as required by the Paperwork Reduction Act of 
1995. Currently, the Office of Foreign Assets Control (OFAC) within the 
Department of the Treasury is soliciting comments concerning OFAC's 
Electronic License Application Form TD-F 90-22.54, which is referred to 
throughout this Notice as the ``OFAC Application for the Release of 
Blocked Funds.''

DATES: Written comments must be submitted on or before May 28, 2019 to 
be assured of consideration.

ADDRESSES: You may submit comments by any of the following methods:
    Federal eRulemaking Portal: www.regulations.gov. Follow the 
instructions on the website for submitting comments. Refer to Docket 
Number OFAC-2019-0001 and the Office of Management and Budget (OMB) 
control number 1505-0170.
    Fax: Attn: Request for Comments (OFAC Application for the Release 
of Blocked Funds) 202-622-1759. Refer to Docket Number OFAC-2019-0001 
and the OMB control number 1505-0170.
    Mail: Attn: Request for Comments (OFAC Application for the Release 
of Blocked Funds), Office of Foreign Assets Control, Department of the 
Treasury, 1500 Pennsylvania Avenue NW, Washington, DC 20220. Refer to 
Docket Number OFAC-2019-0001 and the OMB control number 1505-0170.
    Instructions: All submissions received must include the agency name 
and the Federal Register Doc. number that appears at the end of this 
document. Comments received will be made available to the public via 
regulations.gov or upon request, without change and including any 
personal information provided.

FOR FURTHER INFORMATION CONTACT: OFAC: Assistant Director for 
Licensing, tel.: 202-622-2480; Assistant Director for Regulatory 
Affairs, tel.: 202-622-4855; Assistant Director for Sanctions 
Compliance & Evaluation, tel.: 202-622-2490; or the Department of the 
Treasury's Office of the Chief Counsel (Foreign Assets Control), Office 
of the General Counsel, tel.: 202-622-2410.

SUPPLEMENTARY INFORMATION:
    Title: OFAC Application for the Release of Blocked Funds.
    OMB Number: 1505-0170.
    Abstract: Transactions prohibited pursuant to the Trading With the 
Enemy Act, 50 U.S.C. 4301 et seq., the International Emergency Economic 
Powers Act, 50 U.S.C. 1701 et seq., and other authorities may be 
authorized by means of specific licenses issued by OFAC. Such licenses 
are issued in response to applications submitted by persons whose 
property and interests in property have been blocked or who wish to 
engage in transactions that would otherwise be prohibited. The OFAC 
Application for the Release of Blocked Funds, which provides a 
standardized method of application for all applicants seeking the 
unblocking of funds, is available in electronic format on OFAC's 
website. By obviating the need for applicants to write lengthy letters 
to OFAC, this form reduces the overall burden of the application 
process. Since February 2000, use of the OFAC Application for the 
Release of Blocked Funds to apply for the unblocking of funds has been 
mandatory pursuant to a revision in OFAC's regulations at 31 CFR 
501.801. See 65 FR 10707 (February 29, 2000). Applications to OFAC for 
the release of blocked funds can also be made via the electronic 
licensing portal here: https://www.treasury.gov/resource-center/sanctions/Pages/licensing.aspx
    Type of Review: Extension of a currently approved collection.
    Affected Public: Individuals/businesses, other for-profit 
institutions, and non-governmental organizations. The likely 
respondents and record-keepers affected by this collection of 
information are U.S. financial institutions.
    Estimated Number of Respondents: 3,000.
    Estimated Time per Respondent: 30 minutes.
    Estimated Total Annual Burden Hours: 1,500.

Request for Comments

    Comments submitted in response to this notice will be summarized 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 has 
practical utility; (b) the accuracy of the agency's estimate of the 
burden of the collection of information, including the validity of the 
methodology and assumptions used; (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.

    Authority: 44 U.S.C. 3501 et seq.

    Approved: March 25, 2019.
Andrea Gacki,
Director, Office of Foreign Assets Control.
[FR Doc. 2019-06084 Filed 3-28-19; 8:45 am]
BILLING CODE 4810-AL-P