Submission for Office of Management and Budget Review: Comment Request, 7333-7334 [2020-02463]
Download as PDF
<![CDATA[
Federal Register / Vol. 85, No. 26 / Friday, February 7, 2020 / Notices
can potentially create. Several news
organizations that participate in the DOL
press lock-up are able to profit from their
presence in the lock-up by selling, to traders,
high speed data feeds of economic data
formatted for computerized algorithmic
trading. Because these news organizations
have pre-release access, they are able to preload the data . . . allowing their clients to get
this information faster than the general
public, which has to wait to download the
data after it gets posted to the Department of
Labor websites.
jbell on DSKJLSW7X2PROD with NOTICES
The aforementioned report further
recommends that BLS and ETA, ‘‘. . .
implement a strategy designed to
eliminate any competitive advantage
that news organizations present in the
lock-up and/or their clients may have;
or, absent a viable solution, consider
discontinuing the use of the press lockup that provides news organizations
pre-release access.’’
It remains DOL’s policy to ensure the
media are given time to prepare
informed summaries and analysis of
economic data for the general public.
However, to protect the integrity of our
data and promote wide dissemination of
key economic data in an equitable,
timely, secure, and cost-effective
manner, as of March 1, 2020, DOL will
eliminate use of all electronic devices in
the lock-up facility. The change to
eliminate use of all electronic devices in
the lock-up facility seeks to minimize
the risk of premature disclosure of the
data and the risk of providing an unfair
monetary advantage over the rest of the
public due to the preparation time
provided by their early access to the
data. Specifically, this change will
minimize the advantage of allowing
lock-up participants to prepare
electronic data tables that may be used
for algorithmic trading ventures. The
BLS and ETA will continue to make
their data available to the general public
immediately upon their 8:30 release
through the Web and other sources.
II. Action
In an effort to protect the integrity of
our data and ensure fairness in the
dissemination of statistical information,
DOL plans to eliminate use of all
electronic devices in the DOL lock-up
facility starting on March 1, 2020. After
that date, credentialed press will
continue to be allowed into the facility
30 minutes prior to release time,
following existing security protocols.
BLS and ETA staff will be present in the
lock-up facility; will provide paper
copies of releases and related material;
and will be available to answer
questions. Credentialed press will be
allowed to take notes on paper. At
release time, credentialed press will be
able to leave the lock-up facility. DOL
VerDate Sep<11>2014
17:42 Feb 06, 2020
Jkt 250001
staff will continue to escort TV press to
their camera stations a few minutes
before release time, following existing
procedures. The purpose of these
changes is to ‘‘ensure that all users have
equitable and timely access to data that
are disseminated to the public’’ as noted
in OMB Statistical Policy Directive No.
4.
BLS and ETA will provide access to
the official news releases at their
scheduled release times on the agency
websites. In addition, the agencies will
continue to announce the releases
through social media channels and send
the news releases to email subscribers.
Agencies will continue to respond to
questions about the data from the public
following the release as well as
questions from the media attending the
lock-ups during and after the lock-up
time period.
III. Necessity of Action
When DOL began providing
embargoed data releases in the mid1980s, media dissemination was an
equitable and timely method to get data
to the public. Today, technology and the
internet permits the public and
interested data users to obtain releases
for themselves. Unlike media
organizations in the lock-up facility,
however, internet users do not have 30
minutes before the official release time
to digest the data, and are disadvantaged
relative to lock-up participants to the
extent that internet postings may lag
slightly behind lock-up transmissions.
Furthermore, developments in highspeed algorithmic trading technology
have also raised concerns about the
possible impact of unequal access to
sensitive economic data. As discussed
above, DOL’s Inspector General has
issued multiple reports with findings
that maintaining the current press lockup ‘‘creates an unfair competitive
advantage for certain news
organizations and their clients.’’
In the time since the OIG
recommendations were issued, BLS and
ETA have devoted significant resources
to introducing improved technologies
that strengthen our infrastructure and
ensure data are posted to the BLS or
DOL websites immediately following
the official release time. With the
introduction of these improved
technologies, DOL is positioned to
eliminate the use of all electronic
devices in the lock-up facility while still
ensuring that all parties, including the
media, commercial entities, and the
general public, will have equitable and
timely access to our most sensitive data.
Continuing use of electronic devices
in the lock-up process also raises
considerations of security and cost-
PO 00000
Frm 00069
Fmt 4703
Sfmt 4703
7333
efficiency. Given the sensitive nature of
DOL’s PFEI and limited non-PFEI data,
we have devoted significant attention
over the years to safeguarding
embargoed data to prevent its release
out of the lock-up facility prematurely.
This has included establishing a secure
technical and physical infrastructure,
monitoring participants’ adherence to
the rules, and continually upgrading
security as cyber threats have evolved.
Despite all these precautions, however,
the risk of a premature data release is
inherent in the nature of lock-ups and
will be present as long as lock-ups exist.
Discontinuing the use of electronic
devices in the lock-up facility will
significantly reduce our risk of
premature release from this source.
IV. Result
The intended result of this notice of
DOL’s planned elimination of the use of
electronic devices in the lock-up facility
as of March 1, 2020, is to protect the
integrity of our data and preserve the
public benefit from the informed
products produced by the media shortly
after release. In addition, it enables DOL
to widely disseminate the DOL PFEI and
non-PFEI news releases in an equitable,
secure, and cost-effective manner so that
all data release information is available
to the public and the media,
simultaneously at the official release
time.
The Commerce Department’s Bureau
of Economic Analysis and U.S. Census
Bureau are also committed to the secure,
timely, and equitable release of all
Principal Federal Economic Indicators.
As such, both Bureaus will continue to
conduct embargoed media lock-ups at
the Department of Labor’s facility and
will align their procedures with the new
process and timeline.
We are advising stakeholders now of
this action planned in 2020 to facilitate
a predictable and orderly process for
stakeholders in the DOL lock-up facility.
Signed at Washington, DC, this 3rd day of
February 2020.
William W. Beach,
Commissioner of Labor Statistics.
[FR Doc. 2020–02383 Filed 2–6–20; 8:45 am]
BILLING CODE 4510–24–P
NATIONAL FOUNDATION ON THE
ARTS AND THE HUMANITIES
National Endowment for the Arts
Submission for Office of Management
and Budget Review: Comment Request
ACTION:
E:\FR\FM\07FEN1.SGM
Notice.
07FEN1
7334
Federal Register / Vol. 85, No. 26 / Friday, February 7, 2020 / Notices
The National Endowment for
the Arts, on behalf of the Federal
Council on the Arts and the Humanities,
will submit the following public
information collection request (ICR) to
the Office of Management and Budget
(OMB) for review and approval in
accordance with the Paperwork
Reduction Act of 1995 (PRA95):
Application for International
Indemnification. Copies of this ICR,
with applicable supporting
documentation, may be obtained at
www.reginfo.gov.
SUMMARY:
Comments should be sent to
Office of Information and Regulatory
Affairs, Attn: OMB Desk Officer for the
National Endowment for the Arts, Office
of Management and Budget, Room
10235, Washington, DC 20503 (202/
395–4718), within thirty days of this
publication in the Federal Register.
Copies of any comments should be
provided to Patricia Loiko (National
Endowment for the Arts, 400 7th Street
SW, Washington, DC 20506–0001, email
loikop@arts.gov, telephone (202/682–
5541—this is not a toll-free number; fax
(202/682–5721).
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
clarity of the information to be
collected; and
—Minimize the burden of the collection
of information on those who are to
respond, including through the use of
appropriate automated, electronic,
mechanical or other technological
collection techniques or other forms
of information technology, e.g.,
permitting electronic submissions of
responses.
DATES:
form. This entry is not subject to 44
U.S.C. 3504(h).
Agency: National Endowment for the
Arts.
Title: Application for International
Indemnification.
OMB Number: 3135–0094.
Frequency: Renewed every three
years.
Affected Public: Non-profit, tax
exempt organizations, and governmental
units.
Number of Respondents: 40 per year.
Estimated Time per Respondent: 45
hours.
Estimate Cost per Respondent: $2,097.
Total Burden Hours: 1800.
Total Annualized Capital/Startup
Costs: 0.
Total Annual Costs (Operating/
Maintaining Systems or Purchasing
Services): $121,200.
Description: This application form is
used by non-profit, tax-exempt
organizations (primarily museums), and
governmental units to apply to the
Federal Council on the Arts and the
Humanities (through the National
Endowment for the Arts) for
indemnification of eligible works of art
and artifacts, borrowed from lenders
abroad for exhibition in the United
States, from within the United States
when the foreign works of art are
integral to the exhibition, or sent from
the United States for exhibition abroad.
The indemnity agreement is backed by
the full faith and credit of the United
States. In the event of loss or damage to
an indemnified object, the Federal
Council on the Arts and the Humanities
certifies the validity of the claim and
requests payment from Congress. 20
U.S.C. 973 et seq. requires such an
application and specifies information
which must be supplied. This statutory
requirement is implemented by
regulation at 45 CFR ll60.4.
Dated: February 4, 2020.
Gregory Gendron,
Director, Administrative Services Office,
National Endowment for the Arts.
Comments should be sent to
Office of Information and Regulatory
Affairs, Attn: OMB Desk Officer for the
National Endowment for the Arts, Office
of Management and Budget, Room
10235, Washington, DC 20503 (202/
395–4718), within thirty days of this
publication in the Federal Register.
Copies of any comments should be
provided to Patricia Loiko (National
Endowment for the Arts, 400 7th Street
SW, Washington, DC 20506–0001, email
loikop@arts.gov, telephone (202/682–
5541—this is not a toll-free number; fax
(202/682–5721).
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
clarity of the information to be
collected; and
—Minimize the burden of the collection
of information on those who are to
respond, including through the use of
appropriate automated, electronic,
mechanical or other technological
collection techniques or other forms
of information technology, e.g.,
permitting electronic submissions of
responses.
[FR Doc. 2020–02463 Filed 2–6–20; 8:45 am]
SUPPLEMENTARY INFORMATION:
BILLING CODE 7537–01–P
jbell on DSKJLSW7X2PROD with NOTICES
SUPPLEMENTARY INFORMATION:
The Endowment requests the review
of its application guidelines. This entry
is issued by the Endowment and
contains the following information: (1)
The title of the form; (2) how often the
required information must be reported;
(3) who will be required or asked to
report; (4) what the form will be used
for; (5) an estimate of the number of
responses; (6) the average burden hours
per response; (7) an estimate of the total
number of hours needed to prepare the
VerDate Sep<11>2014
17:42 Feb 06, 2020
Jkt 250001
will submit the following public
information collection request (ICR) to
the Office of Management and Budget
(OMB) for review and approval in
accordance with the Paperwork
Reduction Act of 1995 (PRA95):
Application for Domestic
Indemnification. Copies of this ICR,
with applicable supporting
documentation, may be obtained at
www.reginfo.gov.
NATIONAL FOUNDATION ON THE
ARTS AND THE HUMANITIES
National Endowment for the Arts
Submission for Office of Management
and Budget Review: Comment Request
ACTION:
Notice.
The National Endowment for
the Arts, on behalf of the Federal
Council on the Arts and the Humanities,
SUMMARY:
PO 00000
Frm 00070
Fmt 4703
Sfmt 4703
DATES:
The
Endowment requests the review of its
application guidelines. This entry is
issued by the Endowment and contains
the following information: (1) The title
of the form; (2) how often the required
information must be reported; (3) who
will be required or asked to report; (4)
what the form will be used for; (5) an
estimate of the number of responses; (6)
the average burden hours per response;
(7) an estimate of the total number of
hours needed to prepare the form. This
entry is not subject to 44 U.S.C. 3504(h).
Agency: National Endowment for the
Arts.
E:\FR\FM\07FEN1.SGM
07FEN1
]]>Agencies
[Federal Register Volume 85, Number 26 (Friday, February 7, 2020)]
[Notices]
[Pages 7333-7334]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-02463]
=======================================================================
-----------------------------------------------------------------------
NATIONAL FOUNDATION ON THE ARTS AND THE HUMANITIES
National Endowment for the Arts
Submission for Office of Management and Budget Review: Comment
Request
ACTION: Notice.
-----------------------------------------------------------------------
[[Page 7334]]
SUMMARY: The National Endowment for the Arts, on behalf of the Federal
Council on the Arts and the Humanities, will submit the following
public information collection request (ICR) to the Office of Management
and Budget (OMB) for review and approval in accordance with the
Paperwork Reduction Act of 1995 (PRA95): Application for International
Indemnification. Copies of this ICR, with applicable supporting
documentation, may be obtained at www.reginfo.gov.
DATES: Comments should be sent to Office of Information and Regulatory
Affairs, Attn: OMB Desk Officer for the National Endowment for the
Arts, Office of Management and Budget, Room 10235, Washington, DC 20503
(202/395-4718), within thirty days of this publication in the Federal
Register. Copies of any comments should be provided to Patricia Loiko
(National Endowment for the Arts, 400 7th Street SW, Washington, DC
20506-0001, email [email protected], telephone (202/682-5541--this is not
a toll-free number; fax (202/682-5721).
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 clarity of the information to be
collected; and
--Minimize the burden of the collection of information on those who are
to respond, including through the use of appropriate automated,
electronic, mechanical or other technological collection techniques or
other forms of information technology, e.g., permitting electronic
submissions of responses.
SUPPLEMENTARY INFORMATION:
The Endowment requests the review of its application guidelines.
This entry is issued by the Endowment and contains the following
information: (1) The title of the form; (2) how often the required
information must be reported; (3) who will be required or asked to
report; (4) what the form will be used for; (5) an estimate of the
number of responses; (6) the average burden hours per response; (7) an
estimate of the total number of hours needed to prepare the form. This
entry is not subject to 44 U.S.C. 3504(h).
Agency: National Endowment for the Arts.
Title: Application for International Indemnification.
OMB Number: 3135-0094.
Frequency: Renewed every three years.
Affected Public: Non-profit, tax exempt organizations, and
governmental units.
Number of Respondents: 40 per year.
Estimated Time per Respondent: 45 hours.
Estimate Cost per Respondent: $2,097.
Total Burden Hours: 1800.
Total Annualized Capital/Startup Costs: 0.
Total Annual Costs (Operating/Maintaining Systems or Purchasing
Services): $121,200.
Description: This application form is used by non-profit, tax-
exempt organizations (primarily museums), and governmental units to
apply to the Federal Council on the Arts and the Humanities (through
the National Endowment for the Arts) for indemnification of eligible
works of art and artifacts, borrowed from lenders abroad for exhibition
in the United States, from within the United States when the foreign
works of art are integral to the exhibition, or sent from the United
States for exhibition abroad. The indemnity agreement is backed by the
full faith and credit of the United States. In the event of loss or
damage to an indemnified object, the Federal Council on the Arts and
the Humanities certifies the validity of the claim and requests payment
from Congress. 20 U.S.C. 973 et seq. requires such an application and
specifies information which must be supplied. This statutory
requirement is implemented by regulation at 45 CFR ll60.4.
Dated: February 4, 2020.
Gregory Gendron,
Director, Administrative Services Office, National Endowment for the
Arts.
[FR Doc. 2020-02463 Filed 2-6-20; 8:45 am]
BILLING CODE 7537-01-P
