Hearing on Improving Investment Advice for Workers & Retirees, 52292-52294 [2020-18716]

Download as PDF 52292 Federal Register / Vol. 85, No. 165 / Tuesday, August 25, 2020 / Proposed Rules radial from the Fort Riley VOR extending from the 3.9-mile radius of Marshall AAF to 4.7 miles southwest of Marshall AAF, and within 1 mile each side of the 220° bearing from Marshall AAF extending from the 3.9 mile radius of Marshall AAF to 4 miles southwest of Marshall AAF excluding that airspace within Restricted Area R–3602B and excluding that airspace within a 1-mile radius of Freeman Field. This Class D airspace area is effective during the specific dates and times established in advance by a Notice to Airmen. The effective date and time will thereafter be continuously published in the Chart Supplement. * * * * * ACE KS D Manhattan, KS [Amended] Manhattan Regional Airport, KS (Lat. 39°08′28″ N, long. 96°40′19″ W) That airspace extending upward from the surface to and including 3,600 feet MSL within a 4.3-mile radius of Manhattan Regional Airport excluding that airspace within the Fort Riley, KS, Class D airspace and Class E surface airspace areas and excluding that airspace within Restricted Area R–3602B. This Class D airspace area is effective during the specific dates and times established in advanced by a Notice to Airmen. The effective date and time will thereafter be continuously published in the Chart Supplement. Paragraph 6002 Class E Airspace Areas Designated as a Surface Area. * * * * * ACE KS E2 Fort Riley, KS [Amended] Marshall AAF, KS (Lat. 39°03′10″ N, long. 96°45′52″ W) Freeman Field, KS (Lat. 39°02′36″ N, long. 96°50′36″ W) Fort Riley VOR (Lat. 38°58′13″ N, long. 96°15′40″ W) That airspace extending upward from the surface within a 3.9-mile radius of the Marshall AAF, and within 1.1 miles each side of the 216° radial from the Fort Riley VOR extending from the 3.9-mile radius of Marshall AAF to 4.7 miles southwest of Marshall AAF, and within 1 mile each side of the 220° bearing from Marshall AAF extending from the 3.9 mile radius of Marshall AAF to 4 miles southwest of Marshall AAF excluding that airspace within Restricted Area R–3602B and excluding that airspace within a 1-mile radius of Freeman Field. This Class E airspace area is effective during the specific dates and times established in advance by a Notice to Airmen. The effective date and time will thereafter be continuously published in the Chart Supplement. khammond on DSKJM1Z7X2PROD with PROPOSALS * * * * * ACE KS E2 Manhattan, KS [Amended] Manhattan Regional Airport, KS (Lat. 39°08′28″ N, long. 96°40′19″ W) That airspace extending upward from the surface within a 4.3-mile radius of Manhattan Regional Airport excluding that airspace within the Fort Riley, KS, Class D airspace and Class E surface airspace areas and excluding that airspace within Restricted VerDate Sep<11>2014 16:29 Aug 24, 2020 Jkt 250001 Area R–3602B. This Class E airspace area is effective during the specific dates and times established in advanced by a Notice to Airmen. The effective date and time will thereafter be continuously published in the Chart Supplement. Paragraph 6004 Class E Airspace Areas Designated as an Extension to a Class D or Class E Surface Area. * * * * * ACE KS E4 Manhattan, KS [Amended] Manhattan Regional Airport, KS (Lat. 39°08′28″ N, long. 96°40′19″ W) Manhattan VOR/DME (Lat. 39°08′44″ N, long. 96°40′07″ W) Manhattan Regional: RWY 03–LOC (Lat. 39°08′55″ N, long. 96°39′43″ W) That airspace extending upward from the surface within 1 mile each side of the 040° bearing from the Manhattan Regional Airport extending from the 4.3-mile radius of the airport to 4.4-miles northeast of the airport, and within 1.3 miles each side of the 042° radial from the Manhattan VOR/DME extending from the 4.3-mile radius of the Manhattan Regional Airport to 5.3 miles northeast of the airport; and within 2.4 miles each side of the 211° radial from the Manhattan VOR/DME extending from the 4.3-mile radius of the Manhattan Regional Airport to 7 miles southwest of the Manhattan VOR/DME; and within 1 mile each side of the 220° bearing from the Manhattan Regional: RWY 03–LOC extending from the 4.3-mile radius of the Manhattan Regional Airport to 4.5 miles southwest of the airport excluding that airspace within Restricted Area R–3602B. Paragraph 6005 Class E Airspace Areas Extending Upward From 700 Feet or More Above the Surface of the Earth. * * * * * ACE IA E5 Fort Riley, KS [Establish] Marshall AAF, KS (Lat. 39°03′10″ N, long. 96°45′52″ W) Freeman Field, KS (Lat. 39°02′36″ N, long. 96°50′36″ W) Fort Riley VOR (Lat. 38°58′13″ N, long. 96°15′40″ W) That airspace extending upward from 700 feet above the surface within a 6.4-mile radius of Marshall AAF, and within 1.1 miles each side of the 216° radial from the Fort Riley VOR extending from the 6.4-mile radius of the Marshall AAF to 6.5 miles southwest of Marshall AAF, and within A 6.4-mile radius of Freeman Field excluding that airspace within Restricted Areas R– 3602A and R–3602B. * * * * * ACE KS E5 Manhattan, KS [Amended] Manhattan Regional Airport, KS (Lat. 39°08′28″ N, long. 96°40′19″ W) Manhattan VOR/DME (Lat. 39°08′44″ N, long. 96°40′07″ W) That airspace extending upward from 700 feet above the surface within a 6.8-mile radius of the Manhattan Regional Airport, and within 4 miles each side of the 040° bearing from the Manhattan Regional Airport extending from the 6.8-mile radius of the PO 00000 Frm 00015 Fmt 4702 Sfmt 4702 airport to 10.6 miles northeast of the airport, and within 3.2 miles each side of the 042° radial from the Manhattan VOR/DME extending from the 6.8-mile radius of the Manhattan Regional Airport to 7 miles northeast of the Manhattan VOR/DME, and within 2.4 miles each side of the 211° radial from the Manhattan VOR/DME extending from the 6.8-mile radius of the Manhattan Regional Airport to 7 miles southwest of the Manhattan VOR/DME excluding that airspace within Restricted Areas R–3602A and R– 3602B. Issued in Fort Worth, Texas, on August 20, 2020. Martin A. Skinner, Acting Manager, Operations Support Group, ATO Central Service Center. [FR Doc. 2020–18601 Filed 8–24–20; 8:45 am] BILLING CODE 4910–13–P DEPARTMENT OF LABOR Employee Benefits Security Administration 29 CFR Part 2550 RIN 1210–ZA29 Hearing on Improving Investment Advice for Workers & Retirees Employee Benefits Security Administration, Labor. ACTION: Announcement of hearing. AGENCY: Notice is hereby given that the Employee Benefits Security Administration (EBSA) will hold a public hearing to consider issues attendant to adopting a proposed prohibited transaction exemption on Improving Investment Advice for Workers and Retirees. Testimony will be limited to individuals or parties who submitted, in accordance with the instructions included in the proposed prohibited transaction exemption, a comment or hearing request on the proposed exemption before the close of the comment period. Due to the COVID– 19 pandemic, the hearing will be held virtually and there will be no in-person testimony. DATES: The hearing will be held on September 3 and (if necessary) September 4, 2020, beginning at 9 a.m. EDT. Requests to testify at the hearing on the proposed exemption should be submitted to the Department on or before August 28, 2020. ADDRESSES: Requests to testify, including an outline of the issues you propose to address in your testimony, must be submitted through the Federal eRulemaking Portal: www.regulations.gov at Docket ID number: EBSA–2020–0003. Follow instructions for submitting comments. SUMMARY: E:\FR\FM\25AUP1.SGM 25AUP1 Federal Register / Vol. 85, No. 165 / Tuesday, August 25, 2020 / Proposed Rules FOR FURTHER INFORMATION CONTACT: khammond on DSKJM1Z7X2PROD with PROPOSALS Mark Connor, (202) 693–8337, Employee Benefits Security Administration (EBSA). This is not a toll-free number. SUPPLEMENTARY INFORMATION: Instructions for Submitting Requests To Testify In light of the current circumstances surrounding the COVID–19 pandemic caused by the novel coronavirus which may result in disruption to the receipt of requests to testify by U.S. Mail or hand delivery/courier, persons are encouraged to submit all requests to testify electronically and not to follow with paper copies. Requests to testify, including outlines, will be available for public inspection in the Public Disclosure Room of the Employee Benefits Security Administration, U.S. Department of Labor, Room N–1513, 200 Constitution Avenue NW, Washington, DC 20210; however, the Public Disclosure Room may be closed due to circumstances surrounding the COVID–19 pandemic caused by the novel coronavirus. Requests to testify, including outlines, will also be available online at www.regulations.gov, at Docket ID number: EBSA–2020–0003 and www.dol.gov/agencies/ebsa, at no charge. Warning: All submissions received will be included in the public record without change and will be made available online at www.regulations.gov and www.dol.gov/agencies/ebsa, including any personal information provided, unless the submission includes information claimed to be confidential or other information whose disclosure is restricted by statute. If you submit a request to testify, you should include your name and other contact information, but DO NOT submit information that you consider to be confidential, or otherwise protected (such as Social Security number or an unlisted phone number), or confidential business information that you do not want publicly disclosed. However, if EBSA cannot read your submission due to technical difficulties and cannot contact you for clarification, EBSA might not be able to consider your request. Additionally, the www.regulations.gov website is an ‘‘anonymous access’’ system, which means EBSA will not know your identity or contact information unless you provide it. Background On July 7, 2020, the Department published in the Federal Register a proposed prohibited transaction exemption for investment advice VerDate Sep<11>2014 16:29 Aug 24, 2020 Jkt 250001 fiduciaries that would provide relief that is broader and more flexible than the Department’s existing exemptions. The proposed exemption would also provide regulatory certainty and streamline regulatory requirements as investment advice fiduciaries could comply with one exemption for a variety of different types of transactions. Since publication in the Federal Register, there has been considerable interest expressed regarding the proposed prohibited transaction exemption, as well as several public comments requesting a hearing. The Department has decided to hold a public hearing on this proposed prohibited transaction exemption to provide commenters an opportunity to present material factual issues that cannot be fully explored through written submission. The hearing will be held on September 3 and (if necessary) September 4, 2020, beginning each day at 9 a.m. EDT, via WebEx. The hearing will be transcribed. Persons interested in presenting testimony and answering questions at this public hearing must submit, by 11:59 p.m. EDT, August 28, 2020, a written request to testify and an outline of the issues they would like to address at the hearing. Testimony will be limited to individuals or parties who submitted, in accordance with the instructions included with the proposed exemption, a comment or hearing request on the proposed exemption before the close of the comment period. Outlines should present material factual issues and demonstrate that the proposed testimony is both germane to factual issues needing exploration at the hearing that could not have been submitted in writing, and not duplicative of arguments and factual material previously included in the requestor’s comment letter. In addition to the outline, all requests to testify must clearly identify: (1) The name of the person desiring to serve as a witness; (2) the organization or organizations represented, if any; (3) contact information (address, telephone, and email); and (4) the date of the comment letter or hearing request submitted by the person or organization concerning the proposed exemption. Any individuals with disabilities who need special accommodations in order to testify should contact EBSA after submitting their written request concerning the scheduling of their testimony. The hearing will be open for viewing to the general public, and registration information for those who wish to view the hearing will be available at www.dol.gov/agencies/ebsa. Depending upon the number and nature of the requests to testify, and in PO 00000 Frm 00016 Fmt 4702 Sfmt 4702 52293 light of the limited time available for the public hearing, EBSA may need to further limit the number of those testifying in order to provide an opportunity for the presentation of the broadest array of points of view on all aspects of the proposed exemption during the period allotted for the hearing and to curtail testimony that is only cumulative or not germane to the factual issues being explored. The Department expects to organize the hearing into panels of witnesses with several witnesses on each panel. The Department will assign panel slots only to those persons or organizations whose outline indicates that they will present material factual issues that cannot be fully explored through written submission. The Department will not assign panel slots to those persons or organizations whose outlines identify only issues of law. The Department will also give preference, to the extent feasible, to parties with similar interests who select a common representative to testify on their behalf, and to parties who requested a hearing (or to participate in a hearing if held) in their written submissions during the comment period. EBSA will prepare an agenda indicating the order of presentation of oral testimony. In the absence of special circumstances, each presenter will be allotted a minimum of ten minutes in which to complete his or her presentation. Those individuals who make oral comments and present testimony at the hearing should be prepared to answer clarifying questions, if necessary, regarding their information and comments. Those requesting to testify also should be prepared to participate as part of a panel. Information about the agenda for the hearing and further directions for hearing participants will be posted on www.regulations.gov and www.dol.gov/ agencies/ebsa no later than August 31, 2020. Notice of Public Hearing Notice is hereby given that a public hearing will be held on September 3 and (if necessary) September 4, 2020 concerning the proposed prohibited transaction exemption on Improving Investment Advice for Workers and Retirees published in the Federal Register on July 7, 2020 (85 FR 40834). The hearing will be held beginning at 9 a.m. EDT and will be held virtually. Registration information for those who wish to view the hearing will be available at www.dol.gov/agencies/ebsa. All requests to testify and outlines of testimony will be available to the public, without charge, online at E:\FR\FM\25AUP1.SGM 25AUP1 52294 Federal Register / Vol. 85, No. 165 / Tuesday, August 25, 2020 / Proposed Rules www.regulations.gov and www.dol.gov/ agencies/ebsa or at the Public Disclosure Room, N–1513, Employee Benefits Security Administration, U.S. Department of Labor, 200 Constitution Avenue NW, Washington, DC 20210. Warning: Do not include any personally identifiable information (such as Social Security Number or an unlisted phone number) or confidential business information that you do not want publicly disclosed. All requests to testify and outlines of testimony may be posted on the internet and can be retrieved by most internet search engines. Signed at Washington, DC, this 21st day of August, 2020. Jeanne Klinefelter Wilson, Acting Assistant Secretary, Employee Benefits Security Administration, U.S. Department of Labor. [FR Doc. 2020–18716 Filed 8–21–20; 4:15 pm] BILLING CODE 4510–29–P ENVIRONMENTAL PROTECTION AGENCY 40 CFR Part 721 [EPA–HQ–OPPT–2020–0304; FRL–10013– 07] RIN 2070–AB27 Significant New Use Rules on Certain Chemical Substances (20–8.B) Environmental Protection Agency (EPA). ACTION: Proposed rule. AGENCY: EPA is proposing significant new use rules (SNURs) under the Toxic Substances Control Act (TSCA) for chemical substances which are the subject of premanufacture notices (PMNs). This action would require persons to notify EPA at least 90 days before commencing manufacture (defined by statute to include import) or processing of any of these chemical substances for an activity that is designated as a significant new use by this proposed rule. This action would further require that persons not commence manufacture or processing for the significant new use until they have submitted a Significant New Use Notice (SNUN), and EPA has conducted a review of the notice, made an appropriate determination on the notice, and has taken any risk management actions as are required as a result of that determination. DATES: Comments must be received on or before September 24, 2020. ADDRESSES: Submit your comments, identified by docket identification (ID) khammond on DSKJM1Z7X2PROD with PROPOSALS SUMMARY: VerDate Sep<11>2014 16:29 Aug 24, 2020 Jkt 250001 number EPA–HQ–OPPT–2020–0304, by one of the following methods: • Federal eRulemaking Portal: http:// www.regulations.gov. Follow the online instructions for submitting comments. Do not submit electronically any information you consider to be Confidential Business Information (CBI) or other information whose disclosure is restricted by statute. • Mail: Document Control Office (7407M), Office of Pollution Prevention and Toxics (OPPT), Environmental Protection Agency, 1200 Pennsylvania Ave., NW, Washington, DC 20460–0001. • Hand Delivery: To make special arrangements for hand delivery or delivery of boxed information, please follow the instructions at http:// www.epa.gov/dockets/contacts.html. Due to the public health concerns related to COVID–19, the EPA Docket Center (EPA/DC) and Reading Room is closed to visitors with limited exceptions. The staff continues to provide remote customer service via email, phone, and webform. For the latest status information on EPA/DC services and docket access, visit https:// www.epa.gov/dockets. FOR FURTHER INFORMATION CONTACT: For technical information contact: Kenneth Moss, Chemical Control Division (7405M), Office of Pollution Prevention and Toxics, Environmental Protection Agency, 1200 Pennsylvania Ave. NW, Washington, DC 20460–0001; telephone number: (202) 564–9232; email address: moss.kenneth@epa.gov. For general information contact: The TSCA-Hotline, ABVI-Goodwill, 422 South Clinton Ave., Rochester, NY 14620; telephone number: (202) 554– 1404; email address: TSCA-Hotline@ epa.gov. SUPPLEMENTARY INFORMATION: I. General Information A. Does this action apply to me? You may be potentially affected by this action if you manufacture, process, or use the chemical substances contained in this proposed rule. The following list of North American Industrial Classification System (NAICS) codes is not intended to be exhaustive, but rather provides a guide to help readers determine whether this document applies to them. Potentially affected entities may include: • Manufacturers or processors of one or more subject chemical substances (NAICS codes 325 and 324110), e.g., chemical manufacturing and petroleum refineries. This action may also affect certain entities through pre-existing import certification and export notification PO 00000 Frm 00017 Fmt 4702 Sfmt 4702 rules under TSCA. Chemical importers are subject to the TSCA section 13 (15 U.S.C. 2612) import provisions. This action may also affect certain entities through pre-existing import certification and export notification rules under TSCA, which would include the SNUR requirements should these proposed rules be finalized. The EPA policy in support of import certification appears at 40 CFR part 707, subpart B. In addition, pursuant to 40 CFR 721.20, any persons who export or intend to export a chemical substance that is the subject of this proposed rule on or after September 24, 2020 are subject to the export notification provisions of TSCA section 12(b) (15 U.S.C. 2611(b)) and must comply with the export notification requirements in 40 CFR part 707, subpart D. B. What should I consider as I prepare my comments for EPA? 1. Submitting CBI. Do not submit CBI to EPA through regulations.gov or email. Clearly mark the part or all of the information that you claim to be CBI. For CBI information in a disk or CD– ROM that you mail to EPA, mark the outside of the disk or CD–ROM as CBI and then identify electronically within the disk or CD–ROM the specific information that is claimed as CBI. In addition to one complete version of the comment that includes information claimed as CBI, a copy of the comment that does not contain the information claimed as CBI must be submitted for inclusion in the public docket. Information so marked will not be disclosed except in accordance with procedures set forth in 40 CFR part 2. 2. Tips for preparing your comments. When preparing and submitting your comments, see the commenting tips at http://www.epa.gov/dockets/ comments.html. II. Background A. What action is the Agency taking? EPA is proposing these SNURs under TSCA section 5(a)(2) for chemical substances which are the subjects of PMNs P–18–399, P–18–400, and P–20– 68. These proposed SNURs would require persons who intend to manufacture or process any of these chemical substances for an activity that is designated as a significant new use to notify EPA at least 90 days before commencing that activity. The record for these proposed SNURs, identified as docket ID number EPA– HQ–OPPT–2020–0304, includes information considered by the Agency in developing these proposed SNURs. E:\FR\FM\25AUP1.SGM 25AUP1

Agencies

[Federal Register Volume 85, Number 165 (Tuesday, August 25, 2020)]
[Proposed Rules]
[Pages 52292-52294]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-18716]


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DEPARTMENT OF LABOR

Employee Benefits Security Administration

29 CFR Part 2550

RIN 1210-ZA29


Hearing on Improving Investment Advice for Workers & Retirees

AGENCY: Employee Benefits Security Administration, Labor.

ACTION: Announcement of hearing.

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

SUMMARY: Notice is hereby given that the Employee Benefits Security 
Administration (EBSA) will hold a public hearing to consider issues 
attendant to adopting a proposed prohibited transaction exemption on 
Improving Investment Advice for Workers and Retirees. Testimony will be 
limited to individuals or parties who submitted, in accordance with the 
instructions included in the proposed prohibited transaction exemption, 
a comment or hearing request on the proposed exemption before the close 
of the comment period. Due to the COVID-19 pandemic, the hearing will 
be held virtually and there will be no in-person testimony.

DATES: The hearing will be held on September 3 and (if necessary) 
September 4, 2020, beginning at 9 a.m. EDT. Requests to testify at the 
hearing on the proposed exemption should be submitted to the Department 
on or before August 28, 2020.

ADDRESSES: Requests to testify, including an outline of the issues you 
propose to address in your testimony, must be submitted through the 
Federal eRulemaking Portal: www.regulations.gov at Docket ID number: 
EBSA-2020-0003. Follow instructions for submitting comments.

[[Page 52293]]


FOR FURTHER INFORMATION CONTACT: Mark Connor, (202) 693-8337, Employee 
Benefits Security Administration (EBSA). This is not a toll-free 
number.

SUPPLEMENTARY INFORMATION:

Instructions for Submitting Requests To Testify

    In light of the current circumstances surrounding the COVID-19 
pandemic caused by the novel coronavirus which may result in disruption 
to the receipt of requests to testify by U.S. Mail or hand delivery/
courier, persons are encouraged to submit all requests to testify 
electronically and not to follow with paper copies. Requests to 
testify, including outlines, will be available for public inspection in 
the Public Disclosure Room of the Employee Benefits Security 
Administration, U.S. Department of Labor, Room N-1513, 200 Constitution 
Avenue NW, Washington, DC 20210; however, the Public Disclosure Room 
may be closed due to circumstances surrounding the COVID-19 pandemic 
caused by the novel coronavirus. Requests to testify, including 
outlines, will also be available online at www.regulations.gov, at 
Docket ID number: EBSA-2020-0003 and www.dol.gov/agencies/ebsa, at no 
charge.
    Warning: All submissions received will be included in the public 
record without change and will be made available online at 
www.regulations.gov and www.dol.gov/agencies/ebsa, including any 
personal information provided, unless the submission includes 
information claimed to be confidential or other information whose 
disclosure is restricted by statute. If you submit a request to 
testify, you should include your name and other contact information, 
but DO NOT submit information that you consider to be confidential, or 
otherwise protected (such as Social Security number or an unlisted 
phone number), or confidential business information that you do not 
want publicly disclosed. However, if EBSA cannot read your submission 
due to technical difficulties and cannot contact you for clarification, 
EBSA might not be able to consider your request. Additionally, the 
www.regulations.gov website is an ``anonymous access'' system, which 
means EBSA will not know your identity or contact information unless 
you provide it.

Background

    On July 7, 2020, the Department published in the Federal Register a 
proposed prohibited transaction exemption for investment advice 
fiduciaries that would provide relief that is broader and more flexible 
than the Department's existing exemptions. The proposed exemption would 
also provide regulatory certainty and streamline regulatory 
requirements as investment advice fiduciaries could comply with one 
exemption for a variety of different types of transactions.
    Since publication in the Federal Register, there has been 
considerable interest expressed regarding the proposed prohibited 
transaction exemption, as well as several public comments requesting a 
hearing. The Department has decided to hold a public hearing on this 
proposed prohibited transaction exemption to provide commenters an 
opportunity to present material factual issues that cannot be fully 
explored through written submission. The hearing will be held on 
September 3 and (if necessary) September 4, 2020, beginning each day at 
9 a.m. EDT, via WebEx. The hearing will be transcribed. Persons 
interested in presenting testimony and answering questions at this 
public hearing must submit, by 11:59 p.m. EDT, August 28, 2020, a 
written request to testify and an outline of the issues they would like 
to address at the hearing. Testimony will be limited to individuals or 
parties who submitted, in accordance with the instructions included 
with the proposed exemption, a comment or hearing request on the 
proposed exemption before the close of the comment period.
    Outlines should present material factual issues and demonstrate 
that the proposed testimony is both germane to factual issues needing 
exploration at the hearing that could not have been submitted in 
writing, and not duplicative of arguments and factual material 
previously included in the requestor's comment letter. In addition to 
the outline, all requests to testify must clearly identify: (1) The 
name of the person desiring to serve as a witness; (2) the organization 
or organizations represented, if any; (3) contact information (address, 
telephone, and email); and (4) the date of the comment letter or 
hearing request submitted by the person or organization concerning the 
proposed exemption. Any individuals with disabilities who need special 
accommodations in order to testify should contact EBSA after submitting 
their written request concerning the scheduling of their testimony. The 
hearing will be open for viewing to the general public, and 
registration information for those who wish to view the hearing will be 
available at www.dol.gov/agencies/ebsa.
    Depending upon the number and nature of the requests to testify, 
and in light of the limited time available for the public hearing, EBSA 
may need to further limit the number of those testifying in order to 
provide an opportunity for the presentation of the broadest array of 
points of view on all aspects of the proposed exemption during the 
period allotted for the hearing and to curtail testimony that is only 
cumulative or not germane to the factual issues being explored. The 
Department expects to organize the hearing into panels of witnesses 
with several witnesses on each panel. The Department will assign panel 
slots only to those persons or organizations whose outline indicates 
that they will present material factual issues that cannot be fully 
explored through written submission. The Department will not assign 
panel slots to those persons or organizations whose outlines identify 
only issues of law. The Department will also give preference, to the 
extent feasible, to parties with similar interests who select a common 
representative to testify on their behalf, and to parties who requested 
a hearing (or to participate in a hearing if held) in their written 
submissions during the comment period.
    EBSA will prepare an agenda indicating the order of presentation of 
oral testimony. In the absence of special circumstances, each presenter 
will be allotted a minimum of ten minutes in which to complete his or 
her presentation. Those individuals who make oral comments and present 
testimony at the hearing should be prepared to answer clarifying 
questions, if necessary, regarding their information and comments. 
Those requesting to testify also should be prepared to participate as 
part of a panel. Information about the agenda for the hearing and 
further directions for hearing participants will be posted on 
www.regulations.gov and www.dol.gov/agencies/ebsa no later than August 
31, 2020.

Notice of Public Hearing

    Notice is hereby given that a public hearing will be held on 
September 3 and (if necessary) September 4, 2020 concerning the 
proposed prohibited transaction exemption on Improving Investment 
Advice for Workers and Retirees published in the Federal Register on 
July 7, 2020 (85 FR 40834). The hearing will be held beginning at 9 
a.m. EDT and will be held virtually. Registration information for those 
who wish to view the hearing will be available at www.dol.gov/agencies/ebsa.
    All requests to testify and outlines of testimony will be available 
to the public, without charge, online at

[[Page 52294]]

www.regulations.gov and www.dol.gov/agencies/ebsa or at the Public 
Disclosure Room, N-1513, Employee Benefits Security Administration, 
U.S. Department of Labor, 200 Constitution Avenue NW, Washington, DC 
20210. Warning: Do not include any personally identifiable information 
(such as Social Security Number or an unlisted phone number) or 
confidential business information that you do not want publicly 
disclosed. All requests to testify and outlines of testimony may be 
posted on the internet and can be retrieved by most internet search 
engines.

    Signed at Washington, DC, this 21st day of August, 2020.
Jeanne Klinefelter Wilson,
Acting Assistant Secretary, Employee Benefits Security Administration, 
U.S. Department of Labor.
[FR Doc. 2020-18716 Filed 8-21-20; 4:15 pm]
BILLING CODE 4510-29-P