Agency Forms Submitted for OMB Review, Request for Comments, 39602-39603 [2020-14109]

Download as PDF 39602 Federal Register / Vol. 85, No. 127 / Wednesday, July 1, 2020 / Notices International & First-Class Package International Service with Reseller Contract 5 to Competitive Product List. Documents are available at www.prc.gov, Docket Nos. MC2020–174 and CP2020–198. Brittany M. Johnson, Attorney, Federal Compliance. [FR Doc. 2020–14150 Filed 6–30–20; 8:45 am] POSTAL SERVICE International Product Change— International Priority Airmail, Commercial ePacket, Priority Mail Express International, Priority Mail International & First-Class Package International Service Agreement: Postal ServiceTM ACTION: BILLING CODE 7710–12–P Notice. The Postal Service gives notice of filing a request with the Postal Regulatory Commission to add an International Priority Airmail, Commercial ePacket, Priority Mail Express International, Priority Mail International & First-Class Package International Service contract to the list of Negotiated Service Agreements in the Competitive Product List in the Mail Classification Schedule. DATES: Date of notice: July 1, 2020. FOR FURTHER INFORMATION CONTACT: Christopher C. Meyerson, (202) 268– 7820. SUMMARY: POSTAL SERVICE International Product Change— International Priority Airmail, Commercial ePacket, Priority Mail Express International, Priority Mail International & First-Class Package International Service Agreement: Postal ServiceTM ACTION: Notice. The Postal Service gives notice of filing a request with the Postal Regulatory Commission to add an International Priority Airmail, Commercial ePacket, Priority Mail Express International, Priority Mail International & First-Class Package International Service contract to the list of Negotiated Service Agreements in the Competitive Product List in the Mail Classification Schedule. SUMMARY: DATES: Date of notice: July 1, 2020. FOR FURTHER INFORMATION CONTACT: Christopher C. Meyerson, (202) 268– 7820. The United States Postal Service® hereby gives notice that, pursuant to 39 U.S.C. 3642 and 3632(b)(3), on June 15, 2020, it filed with the Postal Regulatory Commission a USPS Request to Add International Priority Airmail, Commercial ePacket, Priority Mail Express International, Priority Mail International & First-Class Package International Service Contract 8 to Competitive Product List. Documents are available at www.prc.gov, Docket Nos. MC2020–171 and CP2020–194. SUPPLEMENTARY INFORMATION: Brittany M. Johnson, Attorney, Federal Compliance. [FR Doc. 2020–14146 Filed 6–30–20; 8:45 am] BILLING CODE 7710–12–P VerDate Sep<11>2014 01:53 Jul 01, 2020 Jkt 250001 The United States Postal Service® hereby gives notice that, pursuant to 39 U.S.C. 3642 and 3632(b)(3), on June 15, 2020, it filed with the Postal Regulatory Commission a USPS Request to Add International Priority Airmail, Commercial ePacket, Priority Mail Express International, Priority Mail International & First-Class Package International Service Contract 6 to Competitive Product List. Documents are available at www.prc.gov, Docket Nos. MC2020–167 and CP2020–190. SUPPLEMENTARY INFORMATION: Brittany M. Johnson, Attorney, Federal Compliance. [FR Doc. 2020–14145 Filed 6–30–20; 8:45 am] BILLING CODE 7710–12–P RAILROAD RETIREMENT BOARD Agency Forms Submitted for OMB Review, Request for Comments SUMMARY: In accordance with the Paperwork Reduction Act of 1995, the Railroad Retirement Board (RRB) is forwarding an Information Collection Request (ICR) to the Office of Information and Regulatory Affairs (OIRA), Office of Management and Budget (OMB). Our ICR describes the information we seek to collect from the public. Review and approval by OIRA ensures that we impose appropriate paperwork burdens. The RRB invites comments on the proposed collection of information to determine (1) the practical utility of the collection; (2) the accuracy of the PO 00000 Frm 00084 Fmt 4703 Sfmt 4703 estimated burden of the collection; (3) ways to enhance the quality, utility, and clarity of the information that is the subject of collection; and (4) ways to minimize the burden of collections on respondents, including the use of automated collection techniques or other forms of information technology. Comments to the RRB or OIRA must contain the OMB control number of the ICR. For proper consideration of your comments, it is best if the RRB and OIRA receive them within 30 days of the publication date. The Railroad Retirement Board (RRB) is directed by 45 U.S.C. 231f(c)(2) to establish a financial interchange (FI) between the railroad retirement and social security systems to place the Social Security Old-Age and Survivors Insurance (OASI) and Disability Insurance (DI) Trust Funds and the Centers for Medicare and Medicaid Services (CMS) Hospital Insurance (HI) Trust Fund in the same condition they would have been had railroad employment been covered by the Social Security Act and Federal Insurance Contributions Act (FICA). Each year, the RRB estimates the benefits and expenses that would have been paid by these trust funds, as well as the payroll taxes and income taxes that would have been received by them. To make these estimates, the RRB requires information on all earnings data that are not taxable under the Railroad Retirement Tax Act (RRTA), but would be taxable under FICA. A recent court ruling, Wisconsin Central Ltd. v. U.S., determined that non-qualified stock options (NQSOs) are not taxable under Section 3231 of RRTA but would be taxable under FICA. Additionally, in Union Pacific Railroad Co. v. U.S., the Eight Circuit Court of Appeals determined whether certain ratification payments were taxable under the RRTA. The RRB requires railroad employer to provide information on the value of NQSOs and any ratification payments from the railroad employer separately from a railroad worker’s reported RRTA compensation to determine the payroll taxes due to the Social Security Administration (SSA) and CMS and administer transfer of funds between the RRB, SSA and CMS accordingly. The payroll information collected from the BA–15 is essential for the calculation of payroll taxes and benefits used by the FI. Failure to collect NQSOs and ratification payment information will result in understating the payroll taxes that should have been collected and the benefit amounts that would have been payable under the Social Security Act for FI purposes. Accurate E:\FR\FM\01JYN1.SGM 01JYN1 39603 Federal Register / Vol. 85, No. 127 / Wednesday, July 1, 2020 / Notices compensation file tabulations are also an integral part of the data needed to estimate future tax revenues and corresponding FI amounts. Without information on NQSOs and ratification payments, the amount of funds to be transferred between the RRB, SSA and CMS cannot be determined. Previous Requests for Comments: The RRB has already published the initial 60-day notice (81 FR 14510 on March 12, 2020) required by 44 U.S.C. 3506(c)(2). That request elicited no comments. Information Collection Request (ICR)— NEW Title: Report of Stock Options and Other Payments. OMB Control Number: 3220–NEW. Form(s) submitted: BA–15. Type of request: New Collection (Request for a new OMB Control Number). Affected public: Private Sector; Businesses or other for-profits. Abstract: Section 7(b)(6) of the Railroad Retirement Act (45 U.S.C. 231f(c)(2)) requires a financial interchange between the SSA, CMS, and the RRB trust funds. The collection obtains non-qualified stock options and ratification payments for railroad employees. The information is used to calculate the correct payroll taxes and benefits that would have been paid to place the OASIDI and CMS trust funds in the same condition they would have been had railroad employment been covered by the SS and FIC acts. Changes proposed: The RRB proposes no changes to Form BA–15, as it is a new form. The burden estimate for the ICR is as follows: ESTIMATE OF ANNUAL RESPONDENT BURDEN Annual responses Form No. Time (minutes) Burden (hours) BA–15 (by secure Email, FTP, or CD–ROM)—Positive ............................................................. BA–15 ( by secure Email, FTP, or CD–ROM)—Negative .......................................................... 50 550 300 15 250 137.5 Total ...................................................................................................................................... 600 ........................ 387.5 Additional Information or Comments: Copies of the forms and supporting documents can be obtained from Kennisha Tucker at (312) 469–2591 or Kennisha.Tucker@rrb.gov. Comments regarding the information collection should be addressed to Brian Foster, Railroad Retirement Board, 844 North Rush Street, Chicago, Illinois 60611– 1275 or Brian.Foster@rrb.gov. 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. Brian Foster, Clearance Officer. [FR Doc. 2020–14109 Filed 6–30–20; 8:45 am] BILLING CODE 7905–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–89158; File No. SR–ISE– 2020–24] Self-Regulatory Organizations; Nasdaq ISE, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Options 3, Section 3 To Conform the Rule to Section 3.1 of the Plan for the Purpose of Developing and Implementing Procedures Designed To Facilitate the Listing and Trading of Standardized Options June 25, 2020. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (the ‘‘Act’’),1 and Rule 19b–4 thereunder,2 notice is hereby given that on June 23, 2020, Nasdaq ISE, LLC (the ‘‘Exchange’’) filed with the Securities and Exchange Commission (the ‘‘Commission’’) the proposed rule change as described in Items I and II below, which Items have been prepared by the Exchange. The Exchange filed the proposal as a ‘‘noncontroversial’’ proposed rule change pursuant to Section 19(b)(3)(A)(iii) of the Act 3 and Rule 19b–4(f)(6) thereunder.4 The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons. 1 15 U.S.C. 78s(b)(1). CFR 240.19b–4. 3 15 U.S.C. 78s(b)(3)(A)(iii). 4 17 CFR 240.19b–4(f)(6). 2 17 VerDate Sep<11>2014 01:53 Jul 01, 2020 Jkt 250001 PO 00000 Frm 00085 Fmt 4703 Sfmt 4703 I. Self-Regulatory Organization’s Statement of the Terms of Substance of the Proposed Rule Change The Exchange proposes to amend Options 3, Section 3 to conform the rule to Section 3.1 of the Plan for the Purpose of Developing and Implementing Procedures Designed to Facilitate the Listing and Trading of Standardized Options (the ‘‘OLPP’’). The text of the proposed rule change is available on the Exchange’s website at http://ise.cchwallstreet.com/, at the principal office of the Exchange, and at the Commission’s Public Reference Room. II. Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change In its filing with the Commission, the Exchange included statements concerning the purpose of and basis for the proposed rule change and discussed any comments it received on the proposed rule change. The text of these statements may be examined at the places specified in Item IV below. The Exchange has prepared summaries, set forth in sections A, B, and C below, of the most significant aspects of such statements. A. Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change 1. Purpose The purpose of this rule change is to amend Options 3, Section 3 (Minimum Trading Increments) to align the rule E:\FR\FM\01JYN1.SGM 01JYN1

Agencies

[Federal Register Volume 85, Number 127 (Wednesday, July 1, 2020)]
[Notices]
[Pages 39602-39603]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-14109]


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RAILROAD RETIREMENT BOARD


Agency Forms Submitted for OMB Review, Request for Comments

SUMMARY:
     In accordance with the Paperwork Reduction Act of 1995, the 
Railroad Retirement Board (RRB) is forwarding an Information Collection 
Request (ICR) to the Office of Information and Regulatory Affairs 
(OIRA), Office of Management and Budget (OMB). Our ICR describes the 
information we seek to collect from the public. Review and approval by 
OIRA ensures that we impose appropriate paperwork burdens.
    The RRB invites comments on the proposed collection of information 
to determine (1) the practical utility of the collection; (2) the 
accuracy of the estimated burden of the collection; (3) ways to enhance 
the quality, utility, and clarity of the information that is the 
subject of collection; and (4) ways to minimize the burden of 
collections on respondents, including the use of automated collection 
techniques or other forms of information technology. Comments to the 
RRB or OIRA must contain the OMB control number of the ICR. For proper 
consideration of your comments, it is best if the RRB and OIRA receive 
them within 30 days of the publication date.
    The Railroad Retirement Board (RRB) is directed by 45 U.S.C. 
231f(c)(2) to establish a financial interchange (FI) between the 
railroad retirement and social security systems to place the Social 
Security Old-Age and Survivors Insurance (OASI) and Disability 
Insurance (DI) Trust Funds and the Centers for Medicare and Medicaid 
Services (CMS) Hospital Insurance (HI) Trust Fund in the same condition 
they would have been had railroad employment been covered by the Social 
Security Act and Federal Insurance Contributions Act (FICA). Each year, 
the RRB estimates the benefits and expenses that would have been paid 
by these trust funds, as well as the payroll taxes and income taxes 
that would have been received by them. To make these estimates, the RRB 
requires information on all earnings data that are not taxable under 
the Railroad Retirement Tax Act (RRTA), but would be taxable under 
FICA.
    A recent court ruling, Wisconsin Central Ltd. v. U.S., determined 
that non-qualified stock options (NQSOs) are not taxable under Section 
3231 of RRTA but would be taxable under FICA. Additionally, in Union 
Pacific Railroad Co. v. U.S., the Eight Circuit Court of Appeals 
determined whether certain ratification payments were taxable under the 
RRTA. The RRB requires railroad employer to provide information on the 
value of NQSOs and any ratification payments from the railroad employer 
separately from a railroad worker's reported RRTA compensation to 
determine the payroll taxes due to the Social Security Administration 
(SSA) and CMS and administer transfer of funds between the RRB, SSA and 
CMS accordingly.
    The payroll information collected from the BA-15 is essential for 
the calculation of payroll taxes and benefits used by the FI. Failure 
to collect NQSOs and ratification payment information will result in 
understating the payroll taxes that should have been collected and the 
benefit amounts that would have been payable under the Social Security 
Act for FI purposes. Accurate

[[Page 39603]]

compensation file tabulations are also an integral part of the data 
needed to estimate future tax revenues and corresponding FI amounts. 
Without information on NQSOs and ratification payments, the amount of 
funds to be transferred between the RRB, SSA and CMS cannot be 
determined.
    Previous Requests for Comments: The RRB has already published the 
initial 60-day notice (81 FR 14510 on March 12, 2020) required by 44 
U.S.C. 3506(c)(2). That request elicited no comments.

Information Collection Request (ICR)--NEW

    Title: Report of Stock Options and Other Payments.
    OMB Control Number: 3220-NEW.
    Form(s) submitted: BA-15.
    Type of request: New Collection (Request for a new OMB Control 
Number).
    Affected public: Private Sector; Businesses or other for-profits.
    Abstract: Section 7(b)(6) of the Railroad Retirement Act (45 U.S.C. 
231f(c)(2)) requires a financial interchange between the SSA, CMS, and 
the RRB trust funds. The collection obtains non-qualified stock options 
and ratification payments for railroad employees. The information is 
used to calculate the correct payroll taxes and benefits that would 
have been paid to place the OASIDI and CMS trust funds in the same 
condition they would have been had railroad employment been covered by 
the SS and FIC acts.
    Changes proposed: The RRB proposes no changes to Form BA-15, as it 
is a new form.
    The burden estimate for the ICR is as follows:

                                      Estimate of Annual Respondent Burden
----------------------------------------------------------------------------------------------------------------
                                                                      Annual
                            Form No.                                 responses    Time (minutes)  Burden (hours)
----------------------------------------------------------------------------------------------------------------
BA-15 (by secure Email, FTP, or CD-ROM)--Positive...............              50             300             250
BA-15 ( by secure Email, FTP, or CD-ROM)--Negative..............             550              15           137.5
                                                                 -----------------------------------------------
    Total.......................................................             600  ..............           387.5
----------------------------------------------------------------------------------------------------------------

    Additional Information or Comments: Copies of the forms and 
supporting documents can be obtained from Kennisha Tucker at (312) 469-
2591 or [email protected]. Comments regarding the information 
collection should be addressed to Brian Foster, Railroad Retirement 
Board, 844 North Rush Street, Chicago, Illinois 60611-1275 or 
[email protected].
    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.

Brian Foster,
Clearance Officer.
[FR Doc. 2020-14109 Filed 6-30-20; 8:45 am]
BILLING CODE 7905-01-P