Agency Information Collection Activities: Comment Request, 13967-13969 [2020-04807]
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Federal Register / Vol. 85, No. 47 / Tuesday, March 10, 2020 / Notices
SECURITIES AND EXCHANGE
COMMISSION
Proposed Collection; Comment
Request
Upon Written Request, Copies Available
From: Securities and Exchange
Commission, Office of FOIA
Services,100 F Street NE, Washington,
DC 20549–2736.
Extension:
Rule 203A–2(e), SEC File No. 270–501,
OMB Control No. 3235–0559
Notice is hereby given that, pursuant
to the Paperwork Reduction Act of 1995
(44 U.S.C. 3501 et seq.) (‘‘PRA’’), the
Securities and Exchange Commission
(‘‘Commission’’) is soliciting comments
on the collections of information
summarized below. The Commission
plans to submit this existing collection
of information to the Office of
Management and Budget for extension
and approval.
Rule 203A–2(e),1 which is entitled
‘‘internet Investment Advisers,’’
exempts from the prohibition on
Commission registration an internet
investment adviser who provides
investment advice to all of its clients
exclusively through computer softwarebased models or applications, termed
under the rule as ‘‘interactive
websites.’’ 2 These advisers generally
would not meet the statutory thresholds
currently set out in section 203A of the
Advisers Act 3—they do not manage $25
million or more in assets and do not
advise registered investment companies,
or they manage between $25 million
and $100 million in assets, do not
advise registered investment companies
or business development companies,
and are required to be registered as
investment advisers with the states in
which they maintain their principal
offices and places of business and are
subject to examination as an adviser by
such states.4 Eligibility under rule
203A–2(e) is conditioned on an adviser
maintaining in an easily accessible
place, for a period of not less than five
years from the filing of Form ADV,5 a
1 17
CFR 275.203A–2(e).
in rule 203A–2(e) is a limited
exception to the interactive website requirement
which allows these advisers to provide investment
advice to fewer than 15 clients through other means
on an annual basis. 17 CFR 275.203A–2(e)(1)(i). The
rule also precludes advisers in a control
relationship with an SEC-registered internet adviser
from registering with the Commission under the
common control exemption provided by rule 203A–
2(b) (17 CFR 275.203A–2(b)). 17 CFR 275.203A–
2(e)(1)(iii).
3 15 U.S.C. 80b–3a(a).
4 Id.
5 The five-year record retention period is a similar
recordkeeping retention period as imposed on all
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2 Included
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17:20 Mar 09, 2020
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record demonstrating that the adviser’s
advisory business has been conducted
through an interactive website in
accordance with the rule.6
This record maintenance requirement
is a ‘‘collection of information’’ for PRA
purposes. The Commission believes that
approximately 181 advisers are
registered with the Commission under
rule 203A–2(e), which involves a
recordkeeping requirement of
approximately four burden hours per
year per adviser and results in an
estimated 724 of total burden hours (4
× 181) for all advisers.
This collection of information is
mandatory, as it is used by Commission
staff in its examination and oversight
program in order to determine
continued Commission registration
eligibility for advisers registered under
this rule. Responses generally are kept
confidential pursuant to section 210(b)
of the Advisers Act.7 Written comments
are invited on: (a) Whether the
collection of information is necessary
for the proper performance of the
functions of the Commission, including
whether the information has practical
utility; (b) The accuracy of the
Commission’s estimate of the burden of
the collection of information; (c) Ways
to enhance the quality, utility, and
clarity of the information collected; and
(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.
Consideration will be given to
comments and suggestions submitted in
writing within 60 days of this
publication. An agency may not conduct
or sponsor a collection of information
unless it displays a currently valid OMB
control number. No person shall be
subject to any penalty for failing to
comply with a collection of information
subject to the PRA that does not display
a valid OMB control number.
Please direct your written comments
to David Bottom, Director/Chief
Information Officer, Securities and
Exchange Commission, C/O Cynthia
Roscoe, 100 F Street NE, Washington,
DC 20549; or send an email to: PRA_
Mailbox@sec.gov.
Dated: March 5, 2020.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020–04875 Filed 3–9–20; 8:45 am]
BILLING CODE 8011–01–P
advisers under rule 204–2 of the Advisers Act. See
rule 204–2 (17 CFR 275.204–2).
6 17 CFR 275.203A–2(e)(1)(ii).
7 15 U.S.C. 80b–10(a).
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13967
SOCIAL SECURITY ADMINISTRATION
[Docket No. SSA–2020–0011]
Agency Information Collection
Activities: Comment Request
The Social Security Administration
(SSA) publishes a list of information
collection packages requiring clearance
by the Office of Management and
Budget (OMB) in compliance with
Public Law 104–13, the Paperwork
Reduction Act of 1995, effective October
1, 1995. This notice includes one new
collection.
SSA is soliciting comments on the
accuracy of the agency’s burden
estimate; the need for the information;
its practical utility; ways to enhance its
quality, utility, and clarity; and ways to
minimize burden on respondents,
including the use of automated
collection techniques or other forms of
information technology. Mail, email, or
fax your comments and
recommendations on the information
collection(s) to the OMB Desk Officer
and SSA Reports Clearance Officer at
the following addresses or fax numbers.
(OMB), Office of Management and
Budget, Attn: Desk Officer for SSA,
Fax: 202–395–6974, Email address:
OIRA_Submission@omb.eop.gov
(SSA), Social Security Administration,
OLCA, Attn: Reports Clearance
Director, 3100 West High Rise, 6401
Security Blvd., Baltimore, MD 21235,
Fax: 410–966–2830, Email address:
OR.Reports.Clearance@ssa.gov
Or you may submit your comments
online through www.regulations.gov,
referencing Docket ID Number [SSA–
2020–0011].
SSA submitted the information
collection below to OMB for clearance.
Your comments regarding this
information collection would be most
useful if OMB and SSA receive them 30
days from the date of this publication.
To be sure we consider your comments,
we must receive them no later than
April 9, 2020. Individuals can obtain
copies of the OMB clearance package by
writing to OR.Reports.Clearance@
ssa.gov.
Electronic Consent Based Social
Security Number Verification—20 CFR
400.100—0960–NEW. The electronic
Consent Based Social Security Number
Verification (eCBSV) is a fee-based
Social Security Number (SSN)
verification service that will allow
permitted entities (a financial
institution or service provider,
subsidiary, affiliate, agent,
subcontractor, or assignee of a financial
institution as defined by Section 509 of
the Gramm-Leach-Bliley Act, 42
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13968
Federal Register / Vol. 85, No. 47 / Tuesday, March 10, 2020 / Notices
U.S.C.A. 405b(b)(4), Pub. L. 115–174,
Title II, 215(b)(4)) to verify an
individual’s SSN based on the SSN
holder’s signed consent in connection
with a credit transaction or any
circumstance described in section 604
of the Fair Credit Reporting Act (15
U.S.C. 1681b).
Background
We are creating this system due to
section 215 of the Economic Growth,
Regulatory Relief, and Consumer
Protection Act of 2018 (Banking Bill),
Public Law 115–174. Permitted entities
will be able to submit an SSN, name,
and date of birth (DOB) to SSA for
verification via an application
programming interface. The purpose of
the information collection is for SSA to
verify for the permitted entity that the
submitted name, DOB, and SSN
matches, or does not match, the data
contained in our records. After
completing the enrollment process,
paying for services, and obtaining SSN
holder consent, the permitted entity
submits the names, DOBs, and SSNs of
number holders who gave valid
consents to the eCBSV service. SSA
matches the information against our
Master File, using SSN, name, and DOB.
The eCBSV Service will respond in real
time with a match/no match indicator
(and an indicator if our records show
that the SSN Holder died). SSA does not
provide specific information on what
data elements did not match, nor does
SSA provide any SSNs or other
Consent Requirements
Under eCBSV, the permitted entity
does not submit the number holder’s
consent documents to SSA. SSA
requires each permitted entity to retain
a valid consent for each SSN
verification request for a period of five
years from the date of receipt of the
consent form. The Banking Bill permits
a Financial Institution’s service
provider, subsidiary, affiliate, agent,
subcontractor, or assignee to seek
verification of the SSN Holder’s SSN on
behalf of a financial institution pursuant
to the terms of the SSN Holder’s
consent. In this case, the permitted
entity shall ensure that the Financial
Institution use the verification only for
the purposes stated in the consent, and
make no further use or disclosure of the
verified SSN. The relationship will be
subject to the contractual obligations as
specified in the User Agreement with
which the permitted entity must concur.
Compliance Review
SSA requires each permitted entity to
undergo compliance reviews to ensure
the permitted entities obtained valid
consent from number holders. An SSA
approved certified public accountant
(CPA) firm will conduct the compliance
reviews. The reviews will ensure the
permitted entities meet all terms and
Number of
respondents
Requirement
(a) Complete eCBSV enrollment
process *** ................................
(a) Configure customer system
for ability to send in verification
requests ....................................
(a) People whose SSNs SSA will
verify—Reading and Signing ....
(a) Sending in the verification request, calling our system, getting a response .........................
(b) Follow SSA requirements to
configure application program
interface ....................................
(c) CPA Compliance Review and
Report **** .................................
khammond on DSKJM1Z7X2PROD with NOTICES
identifying information. In addition, the
verification does not authenticate the
identity of individuals or conclusively
prove the individuals we verify are who
they claim to be.
Totals ....................................
Average
burden per
response
(minutes)
Frequency of
response
conditions of the User Agreement. The
eCBSV fee will include all compliance
review costs. In general, all eCBSV users
will be subject to an audit within the
first three years after they begin using
the system, with subsequent additional
reviews to be conducted periodically
afterward. The CPA follows review
standards established by the American
Institute of Certified Public Accountants
and contained in the Generally
Accepted Government Audit Standards
(GAGAS). At any time, SSA may
conduct onsite inspections of the
requester’s site, including a systems
review, to ensure they adhered to the
applicable requirements associated with
collection and maintenance of consent
forms, and to assess systems security
overall.
The respondents to the eCBSV
collection are the permitted entities;
members of the public who consent to
the SSN verification; and CPAs who
provide compliance review services.
Type of Request: Request for a new
information collection.
Note: Anyone who wishes to see revised
versions of the draft ICR collection
instruments, an explanation of the changes
SSA made to these draft instruments, and all
other ICR documents (including the
Supporting Statement and summary of public
comments) may do so at https://
www.ssa.gov/dataexchange/eCBSV/
index.html beginning from the morning of
publication of this notice.
Time Burden
Estimated total
annual burden
(hours)
Average
theoretical
hourly cost
amount
(dollars) *
Total annual
Opportunity
cost
(dollars) **
10
1
120
20
* $36.98
** $740
10
1
2,400
400
* 36.98
** 14,792
307,000,000
1
3
15,350,000
* 10.22
** 156,877,000
307,000,000
1
1
5,116,667
* 36.98
** 189,214,346
10
1
4,800
800
* 36.98
** 29,584
10
1
4,800
800
* 33.89
** 27,112
614,000,040
........................
........................
20,468,687
..............................
** 346,163,574
* We based these figures on average Business and Financial operations occupations and Certified Public Accountants’ hourly salaries, as reported by Bureau of Labor Statistics data, and per average Disability Insurance (DI) payments, as reported in SSA’s DI payment data.
** This figure does not represent actual costs that SSA is imposing on recipients of Social Security payments to complete this application; rather, these are theoretical opportunity costs for the additional time respondents will spend to complete the application. There is no actual charge to
respondents to complete the application.
*** The enrollment process entails reviewing and completing eCBSV User Agreement and financial requirements package; visiting the Department of the Treasury’s Pay.gov to make payment for services; and submitting a permitted entity certification via email.
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Federal Register / Vol. 85, No. 47 / Tuesday, March 10, 2020 / Notices
13969
**** There will be one CPA firm respondent (an SSA-approved contractor) to conduct compliance reviews and prepare written reports of findings on the 10 permitted entities.
Cost Burden
The public cost burden is dependent
upon the number of permitted entities
and annual transaction volume. In FY
2019, 10 companies enrolled out of 123
applications received to participate in
eCBSV. We based the cost estimates
below on 10 participating permitted
entities in FY 2020 submitting an
anticipated volume of 307,000,000
transactions. The Banking Bill requires
that we collect at least 50 percent of the
ECBSV
start-up costs (i.e., that we collect $9.2
million) before we may begin
development of the eCBSV verification
system. SSA will recover the remaining
development costs over three years
using the following tier fee schedule:
TIER FEE SCHEDULE
Tier
(1
(2
(3
(4
(5
Volume threshold
........................................................................................................................................................
........................................................................................................................................................
........................................................................................................................................................
........................................................................................................................................................
........................................................................................................................................................
Each enrolled permitted entity will be
required to remit the above tier based
subscription fee for the 365-day
agreement period and the appropriate
administrative fee. We will charge
newly enrolled entities a startup
administrative fee of $3,693. After the
initial year, we will charge the entities
a renewal administrative fee of $1,691
each time the agreement is renewed or
amended. We calculated the fees based
on forecasted systems and operational
expenses; agency oversight, overhead
and CPA audit contract costs.
In addition, SSA will periodically
recalculate costs to provide eCBSV
services and adjust the fees charged as
needed. We will notify companies of a
fee adjustment at the renewal of the
eCBSV User Agreement and via notice
in the Federal Register; companies have
the opportunity to cancel the agreement
or continue service using the new fee.
Dated: March 5, 2020.
Faye I. Lipsky,
Director, Office of Regulations and Reports,
Clearance, Social Security Administration.
[FR Doc. 2020–04807 Filed 3–9–20; 8:45 am]
BILLING CODE 4191–02–P
Hamidawi, also known as Ahmed
Kadhim Raheem Al-Saedi, also known
as Ahmad Kazim Rahim Al-Sa’idi, also
known as Abu Husayn, is a leader of
Kata’ib Hizballah, a group whose
property and interests in property are
blocked pursuant to a determination by
the Secretary of State pursuant to
Executive Order 13224.
Consistent with the determination in
section 10 of Executive Order 13224 that
prior notice to persons determined to be
subject to the Order who might have a
constitutional presence in the United
States would render ineffectual the
blocking and other measures authorized
in the Order because of the ability to
transfer funds instantaneously, I
determine that no prior notice needs to
be provided to any person subject to this
determination who might have a
constitutional presence in the United
States, because to do so would render
ineffectual the measures authorized in
the Order.
This notice shall be published in the
Federal Register.
Dated: February 14, 2020.
Michael R. Pompeo,
Secretary of State.
DEPARTMENT OF STATE
[FR Doc. 2020–04864 Filed 3–9–20; 8:45 am]
[Public Notice 11067]
BILLING CODE 4710–AD–P
khammond on DSKJM1Z7X2PROD with NOTICES
Designation of Ahmad al-Hamidawi as
a Specially Designated Global Terrorist
Acting under the authority of and in
accordance with sections 1(a)(ii)(B) of
Executive Order 13224 of September 23,
2001, as amended by Executive Order
13268 of July 2, 2002, Executive Order
13284 of January 23, 2003, and
Executive Order 13886 of September 9,
2019, I hereby determine that the person
known as Ahmad al-Hamidawi, also
known as Ahmad Muhsin Faraj al-
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17:20 Mar 09, 2020
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1–1,000
1,001–10,000
10,001–200,000
200,001–50 million
50,000,001–2 billion
Annual fee
$400
3,030
14,300
276,500
860,000
DEPARTMENT OF STATE
[Public Notice 11066]
30-Day Notice of Proposed Information
Collection: State Assistance
Management System Domestic Results
Performance Monitoring Module for
the Bureau of Educational and Cultural
Affairs (ECA)
Notice of request for public
comment and submission to OMB of
proposed collection of information.
ACTION:
The Department of State has
submitted the information collection
described below to the Office of
Management and Budget (OMB) for
approval. In accordance with the
Paperwork Reduction Act of 1995 we
are requesting comments on this
collection from all interested
individuals and organizations. The
purpose of this Notice is to allow 30
days for public comment.
DATES: Submit comments directly to the
Office of Management and Budget
(OMB) up to April 9, 2020.
ADDRESSES: Direct comments to the
Department of State Desk Officer in the
Office of Information and Regulatory
Affairs at the Office of Management and
Budget (OMB). You may submit
comments by the following methods:
• Email: oira_submission@
omb.eop.gov. You must include the DS
form number, information collection
title, and the OMB control number in
the subject line of your message.
• Fax: 202–395–5806. Attention: Desk
Officer for Department of State.
FOR FURTHER INFORMATION CONTACT:
Direct requests for additional
information regarding the collection
listed in this notice, including requests
for copies of the proposed collection
instrument and supporting documents,
SUMMARY:
E:\FR\FM\10MRN1.SGM
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]]>Agencies
[Federal Register Volume 85, Number 47 (Tuesday, March 10, 2020)]
[Notices]
[Pages 13967-13969]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-04807]
=======================================================================
-----------------------------------------------------------------------
SOCIAL SECURITY ADMINISTRATION
[Docket No. SSA-2020-0011]
Agency Information Collection Activities: Comment Request
The Social Security Administration (SSA) publishes a list of
information collection packages requiring clearance by the Office of
Management and Budget (OMB) in compliance with Public Law 104-13, the
Paperwork Reduction Act of 1995, effective October 1, 1995. This notice
includes one new collection.
SSA is soliciting comments on the accuracy of the agency's burden
estimate; the need for the information; its practical utility; ways to
enhance its quality, utility, and clarity; and ways to minimize burden
on respondents, including the use of automated collection techniques or
other forms of information technology. Mail, email, or fax your
comments and recommendations on the information collection(s) to the
OMB Desk Officer and SSA Reports Clearance Officer at the following
addresses or fax numbers.
(OMB), Office of Management and Budget, Attn: Desk Officer for SSA,
Fax: 202-395-6974, Email address: [email protected]
(SSA), Social Security Administration, OLCA, Attn: Reports Clearance
Director, 3100 West High Rise, 6401 Security Blvd., Baltimore, MD
21235, Fax: 410-966-2830, Email address: [email protected]
Or you may submit your comments online through www.regulations.gov,
referencing Docket ID Number [SSA-2020-0011].
SSA submitted the information collection below to OMB for
clearance. Your comments regarding this information collection would be
most useful if OMB and SSA receive them 30 days from the date of this
publication. To be sure we consider your comments, we must receive them
no later than April 9, 2020. Individuals can obtain copies of the OMB
clearance package by writing to [email protected].
Electronic Consent Based Social Security Number Verification--20
CFR 400.100--0960-NEW. The electronic Consent Based Social Security
Number Verification (eCBSV) is a fee-based Social Security Number (SSN)
verification service that will allow permitted entities (a financial
institution or service provider, subsidiary, affiliate, agent,
subcontractor, or assignee of a financial institution as defined by
Section 509 of the Gramm-Leach-Bliley Act, 42
[[Page 13968]]
U.S.C.A. 405b(b)(4), Pub. L. 115-174, Title II, 215(b)(4)) to verify an
individual's SSN based on the SSN holder's signed consent in connection
with a credit transaction or any circumstance described in section 604
of the Fair Credit Reporting Act (15 U.S.C. 1681b).
Background
We are creating this system due to section 215 of the Economic
Growth, Regulatory Relief, and Consumer Protection Act of 2018 (Banking
Bill), Public Law 115-174. Permitted entities will be able to submit an
SSN, name, and date of birth (DOB) to SSA for verification via an
application programming interface. The purpose of the information
collection is for SSA to verify for the permitted entity that the
submitted name, DOB, and SSN matches, or does not match, the data
contained in our records. After completing the enrollment process,
paying for services, and obtaining SSN holder consent, the permitted
entity submits the names, DOBs, and SSNs of number holders who gave
valid consents to the eCBSV service. SSA matches the information
against our Master File, using SSN, name, and DOB. The eCBSV Service
will respond in real time with a match/no match indicator (and an
indicator if our records show that the SSN Holder died). SSA does not
provide specific information on what data elements did not match, nor
does SSA provide any SSNs or other identifying information. In
addition, the verification does not authenticate the identity of
individuals or conclusively prove the individuals we verify are who
they claim to be.
Consent Requirements
Under eCBSV, the permitted entity does not submit the number
holder's consent documents to SSA. SSA requires each permitted entity
to retain a valid consent for each SSN verification request for a
period of five years from the date of receipt of the consent form. The
Banking Bill permits a Financial Institution's service provider,
subsidiary, affiliate, agent, subcontractor, or assignee to seek
verification of the SSN Holder's SSN on behalf of a financial
institution pursuant to the terms of the SSN Holder's consent. In this
case, the permitted entity shall ensure that the Financial Institution
use the verification only for the purposes stated in the consent, and
make no further use or disclosure of the verified SSN. The relationship
will be subject to the contractual obligations as specified in the User
Agreement with which the permitted entity must concur.
Compliance Review
SSA requires each permitted entity to undergo compliance reviews to
ensure the permitted entities obtained valid consent from number
holders. An SSA approved certified public accountant (CPA) firm will
conduct the compliance reviews. The reviews will ensure the permitted
entities meet all terms and conditions of the User Agreement. The eCBSV
fee will include all compliance review costs. In general, all eCBSV
users will be subject to an audit within the first three years after
they begin using the system, with subsequent additional reviews to be
conducted periodically afterward. The CPA follows review standards
established by the American Institute of Certified Public Accountants
and contained in the Generally Accepted Government Audit Standards
(GAGAS). At any time, SSA may conduct onsite inspections of the
requester's site, including a systems review, to ensure they adhered to
the applicable requirements associated with collection and maintenance
of consent forms, and to assess systems security overall.
The respondents to the eCBSV collection are the permitted entities;
members of the public who consent to the SSN verification; and CPAs who
provide compliance review services.
Type of Request: Request for a new information collection.
Note: Anyone who wishes to see revised versions of the draft ICR
collection instruments, an explanation of the changes SSA made to
these draft instruments, and all other ICR documents (including the
Supporting Statement and summary of public comments) may do so at
https://www.ssa.gov/dataexchange/eCBSV/ beginning from the
morning of publication of this notice.
Time Burden
--------------------------------------------------------------------------------------------------------------------------------------------------------
Average
Average burden Estimated theoretical Total annual
Requirement Number of Frequency of per response total annual hourly cost Opportunity cost
respondents response (minutes) burden (hours) amount (dollars) (dollars) **
*
--------------------------------------------------------------------------------------------------------------------------------------------------------
(a) Complete eCBSV enrollment process ***......... 10 1 120 20 * $36.98 ** $740
(a) Configure customer system for ability to send 10 1 2,400 400 * 36.98 ** 14,792
in verification requests.........................
(a) People whose SSNs SSA will verify--Reading and 307,000,000 1 3 15,350,000 * 10.22 ** 156,877,000
Signing..........................................
(a) Sending in the verification request, calling 307,000,000 1 1 5,116,667 * 36.98 ** 189,214,346
our system, getting a response...................
(b) Follow SSA requirements to configure 10 1 4,800 800 * 36.98 ** 29,584
application program interface....................
(c) CPA Compliance Review and Report ****......... 10 1 4,800 800 * 33.89 ** 27,112
-----------------------------------------------------------------------------------------------------
Totals........................................ 614,000,040 .............. .............. 20,468,687 ................. ** 346,163,574
--------------------------------------------------------------------------------------------------------------------------------------------------------
* We based these figures on average Business and Financial operations occupations and Certified Public Accountants' hourly salaries, as reported by
Bureau of Labor Statistics data, and per average Disability Insurance (DI) payments, as reported in SSA's DI payment data.
** This figure does not represent actual costs that SSA is imposing on recipients of Social Security payments to complete this application; rather,
these are theoretical opportunity costs for the additional time respondents will spend to complete the application. There is no actual charge to
respondents to complete the application.
*** The enrollment process entails reviewing and completing eCBSV User Agreement and financial requirements package; visiting the Department of the
Treasury's Pay.gov to make payment for services; and submitting a permitted entity certification via email.
[[Page 13969]]
**** There will be one CPA firm respondent (an SSA-approved contractor) to conduct compliance reviews and prepare written reports of findings on the 10
permitted entities.
Cost Burden
The public cost burden is dependent upon the number of permitted
entities and annual transaction volume. In FY 2019, 10 companies
enrolled out of 123 applications received to participate in eCBSV. We
based the cost estimates below on 10 participating permitted entities
in FY 2020 submitting an anticipated volume of 307,000,000
transactions. The Banking Bill requires that we collect at least 50
percent of the start-up costs (i.e., that we collect $9.2 million)
before we may begin development of the eCBSV verification system. SSA
will recover the remaining development costs over three years using the
following tier fee schedule:
eCBSV Tier Fee Schedule
------------------------------------------------------------------------
Tier Volume threshold Annual fee
------------------------------------------------------------------------
(1........................... 1-1,000 $400
(2........................... 1,001-10,000 3,030
(3........................... 10,001-200,000 14,300
(4........................... 200,001-50 million 276,500
(5........................... 50,000,001-2 billion 860,000
------------------------------------------------------------------------
Each enrolled permitted entity will be required to remit the above
tier based subscription fee for the 365-day agreement period and the
appropriate administrative fee. We will charge newly enrolled entities
a startup administrative fee of $3,693. After the initial year, we will
charge the entities a renewal administrative fee of $1,691 each time
the agreement is renewed or amended. We calculated the fees based on
forecasted systems and operational expenses; agency oversight, overhead
and CPA audit contract costs.
In addition, SSA will periodically recalculate costs to provide
eCBSV services and adjust the fees charged as needed. We will notify
companies of a fee adjustment at the renewal of the eCBSV User
Agreement and via notice in the Federal Register; companies have the
opportunity to cancel the agreement or continue service using the new
fee.
Dated: March 5, 2020.
Faye I. Lipsky,
Director, Office of Regulations and Reports, Clearance, Social Security
Administration.
[FR Doc. 2020-04807 Filed 3-9-20; 8:45 am]
BILLING CODE 4191-02-P
