Agency Information Collection Activities; Submission for OMB Review; Comment Request; Loans To Plan Participants and Beneficiaries Who Are Parties in Interest With Respect to the Plan Regulation, 30738 [2020-10826]

Download as PDF 30738 Federal Register / Vol. 85, No. 98 / Wednesday, May 20, 2020 / Notices Total Estimated Number of Respondents: 69. Total Estimated Number of Responses: 325. Total Estimated Annual Time Burden: 1 hour. Total Estimated Annual Other Costs Burden: $0. Authority: 44 U.S.C. 3507(a)(1)(D). [FR Doc. 2020–10827 Filed 5–19–20; 8:45 am] BILLING CODE 4510–29–P DEPARTMENT OF LABOR Office of the Secretary Agency Information Collection Activities; Submission for OMB Review; Comment Request; Loans To Plan Participants and Beneficiaries Who Are Parties in Interest With Respect to the Plan Regulation Notice of availability; request for comments. ACTION: The Department of Labor (DOL) is submitting this Employee Benefits Security Administration (EBSA)-sponsored 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 (PRA). Public comments on the ICR are invited. DATES: The OMB will consider all written comments that agency receives on or before June 19, 2020. ADDRESSES: Written comments and recommendations for the proposed information collection should be sent within 30 days of publication of this notice to www.reginfo.gov/public/do/ PRAMain. Find this particular information collection by selecting ‘‘Currently under 30-day Review—Open for Public Comments’’ or by using the search function. Comments are invited on: (1) Whether the collection of information is necessary for the proper performance of the functions of the Department, including whether the information will have practical utility; (2) if the information will be processed and used in a timely manner; (3) the accuracy of the agency’s estimates of the burden and cost of the collection of information, including the validity of the methodology and assumptions used; (4) ways to enhance the quality, utility, and clarity of the information collection; and (5) ways to minimize the burden of the VerDate Sep<11>2014 17:51 May 19, 2020 Jkt 250001 Dated: May 14, 2020. Anthony May, Acting Departmental Clearance Officer. FOR FURTHER INFORMATION CONTACT: BILLING CODE 4510–29–P Anthony May by telephone at 202–693– 4129 (this is not a toll-free number) or by email at DOL_PRA_PUBLIC@dol.gov. This regulation (29 CFR 2550.408b–1) describes the terms, under section 408(b)(1), whereby plans’ loans to participants and beneficiaries are exempt from ERISA’s prohibited transaction rules. Among other things, the regulation describes the specific provisions regarding such loans that must be included in the plan document for the statutory exemption to apply. For additional substantive information about this ICR, see the related notice published in the Federal Register on October 10, 2019 (84 FR 54642). This information collection is subject to the PRA. A Federal agency generally cannot conduct or sponsor a collection of information, and the public is generally not required to respond to an information collection, unless the OMB approves it and displays a currently valid OMB Control Number. In addition, notwithstanding any other provisions of law, no person shall generally be subject to penalty for failing to comply with a collection of information that does not display a valid OMB Control Number. See 5 CFR 1320.5(a) and 1320.6. DOL seeks PRA authorization for this information collection for three (3) years. OMB authorization for an ICR cannot be for more than three (3) years without renewal. The DOL notes that information collection requirements submitted to the OMB for existing ICRs receive a month-to-month extension while they undergo review. Agency: DOL–EBSA. Title of Collection: Loans to Plan Participants and Beneficiaries Who Are Parties in Interest With Respect to the Plan Regulation. OMB Control Number: 1210–0076. Affected Public: Private Sector: businesses or other for-profits, not-forprofit institutions. Total Estimated Number of Respondents: 2,576. Total Estimated Number of Responses: 2,576. Total Estimated Annual Time Burden: 0 hours. Total Estimated Annual Other Costs Burden: $1,069,632. SUPPLEMENTARY INFORMATION: Dated: May 14, 2020. Anthony May, Acting Departmental Clearance Officer. SUMMARY: collection of information on those who are to respond, including the use of automated collection techniques or other forms of information technology. Authority: 44 U.S.C. 3507(a)(1)(D). PO 00000 Frm 00057 Fmt 4703 Sfmt 4703 [FR Doc. 2020–10826 Filed 5–19–20; 8:45 am] DEPARTMENT OF LABOR Occupational Safety and Health Administration [Docket No. OSHA–2010–0042] Gear Certification Standard; Revision of the Office of Management and Budget’s (OMB) Approval of Information Collection (Paperwork) Requirements Occupational Safety and Health Administration (OSHA), Labor. ACTION: Request for public comments. AGENCY: OSHA solicits public comments concerning the proposal to extend the Office of Management and Budget (OMB) approval of the information collection requirements specified in the Gear Certification Standard. SUMMARY: Comments must be submitted (postmarked, sent, or received) by July 20, 2020. ADDRESSES: Electronically: You may submit comments and attachments electronically at https:// www.regulations.gov, which is the Federal eRulemaking Portal. Follow the instructions online for submitting comments. Facsimile: If your comments, including attachments, are not longer than 10 pages you may fax them to the OSHA Docket Office at (202) 693–1648. Mail, hand delivery, express mail, messenger, or courier service: When using this method, you must submit a copy of your comments and attachments to the OSHA Docket Office, Docket No. OSHA–2010–0042, U.S. Department of Labor, Occupational Safety and Health Administration, Room N–3653, 200 Constitution Avenue NW, Washington, DC 20210. Deliveries (hand, express mail, messenger, and courier service) are accepted during the Docket Office’s normal business hours, 10:00 a.m. to 3:00 p.m., ET. Instructions: All submissions must include the agency name and the OSHA docket number (OSHA–2010–0042) for the Information Collection Request (ICR). All comments, including any personal information you provide, such as social security numbers and dates of birth, are placed in the public docket without change, and may be made DATES: E:\FR\FM\20MYN1.SGM 20MYN1

Agencies

[Federal Register Volume 85, Number 98 (Wednesday, May 20, 2020)]
[Notices]
[Page 30738]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-10826]


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DEPARTMENT OF LABOR

Office of the Secretary


Agency Information Collection Activities; Submission for OMB 
Review; Comment Request; Loans To Plan Participants and Beneficiaries 
Who Are Parties in Interest With Respect to the Plan Regulation

ACTION: Notice of availability; request for comments.

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

SUMMARY: The Department of Labor (DOL) is submitting this Employee 
Benefits Security Administration (EBSA)-sponsored 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 (PRA). Public comments on the ICR are invited.

DATES: The OMB will consider all written comments that agency receives 
on or before June 19, 2020.

ADDRESSES: Written comments and recommendations for the proposed 
information collection should be sent within 30 days of publication of 
this notice to www.reginfo.gov/public/do/PRAMain. Find this particular 
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function.
    Comments are invited on: (1) Whether the collection of information 
is necessary for the proper performance of the functions of the 
Department, including whether the information will have practical 
utility; (2) if the information will be processed and used in a timely 
manner; (3) the accuracy of the agency's estimates of the burden and 
cost of the collection of information, including the validity of the 
methodology and assumptions used; (4) ways to enhance the quality, 
utility, and clarity of the information collection; and (5) ways to 
minimize the burden of the collection of information on those who are 
to respond, including the use of automated collection techniques or 
other forms of information technology.

FOR FURTHER INFORMATION CONTACT: Anthony May by telephone at 202-693-
4129 (this is not a toll-free number) or by email at 
[email protected].

SUPPLEMENTARY INFORMATION: This regulation (29 CFR 2550.408b-1) 
describes the terms, under section 408(b)(1), whereby plans' loans to 
participants and beneficiaries are exempt from ERISA's prohibited 
transaction rules. Among other things, the regulation describes the 
specific provisions regarding such loans that must be included in the 
plan document for the statutory exemption to apply. For additional 
substantive information about this ICR, see the related notice 
published in the Federal Register on October 10, 2019 (84 FR 54642).
    This information collection is subject to the PRA. A Federal agency 
generally cannot conduct or sponsor a collection of information, and 
the public is generally not required to respond to an information 
collection, unless the OMB approves it and displays a currently valid 
OMB Control Number. In addition, notwithstanding any other provisions 
of law, no person shall generally be subject to penalty for failing to 
comply with a collection of information that does not display a valid 
OMB Control Number. See 5 CFR 1320.5(a) and 1320.6.
    DOL seeks PRA authorization for this information collection for 
three (3) years. OMB authorization for an ICR cannot be for more than 
three (3) years without renewal. The DOL notes that information 
collection requirements submitted to the OMB for existing ICRs receive 
a month-to-month extension while they undergo review.
    Agency: DOL-EBSA.
    Title of Collection: Loans to Plan Participants and Beneficiaries 
Who Are Parties in Interest With Respect to the Plan Regulation.
    OMB Control Number: 1210-0076.
    Affected Public: Private Sector: businesses or other for-profits, 
not-for-profit institutions.
    Total Estimated Number of Respondents: 2,576.
    Total Estimated Number of Responses: 2,576.
    Total Estimated Annual Time Burden: 0 hours.
    Total Estimated Annual Other Costs Burden: $1,069,632.

    Authority:  44 U.S.C. 3507(a)(1)(D).

    Dated: May 14, 2020.
Anthony May,
Acting Departmental Clearance Officer.
[FR Doc. 2020-10826 Filed 5-19-20; 8:45 am]
 BILLING CODE 4510-29-P


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