Agency Information Collection Activities; Submission for OMB Review; Comment Request; Provisions Pertaining to Certain Investments in the United States by Foreign Persons and Provisions Pertaining to Certain Transactions by Foreign Persons Involving Real Estate in the United States, 53905-53906 [2020-19147]

Download as PDF Federal Register / Vol. 85, No. 169 / Monday, August 31, 2020 / Notices Requests for reasonable accommodations under Section 504 of the Rehabilitation Act should be directed to Mariam G. Harvey, Office of Civil Rights and Diversity, Department of the Treasury at (202) 622–0316, or mariam.harvey@do.treas.gov. FOR FURTHER INFORMATION CONTACT: Lindsey Baldwin, Senior Insurance Regulatory Policy Analyst, Federal Insurance Office, U.S. Department of the Treasury, 1500 Pennsylvania Ave. NW, Room 1410 MT, Washington, DC 20220, at (202) 622–3220 (this is not a toll-free number). Persons who have difficulty hearing or speaking may access this number via TTY by calling the toll-free Federal Relay Service at (800) 877–8339. SUPPLEMENTARY INFORMATION: Notice of this meeting is provided in accordance with the Federal Advisory Committee Act, 5 U.S.C. App. 10(a)(2), through implementing regulations at 41 CFR 102–3.150. Public Comment: Members of the public wishing to comment on the business of the Federal Advisory Committee on Insurance are invited to submit written statements by any of the following methods: khammond on DSKJM1Z7X2PROD with NOTICES Electronic Statements • Send electronic comments to faci@ treasury.gov. Paper Statements • Send paper statements in triplicate to the Federal Advisory Committee on Insurance, U.S. Department of the Treasury, 1500 Pennsylvania Ave. NW, Room 1410 MT, Washington, DC 20220. In general, the Department of the Treasury will post all statements on its website at https://home.treasury.gov/ policy-issues/financial-marketsfinancial-institutions-and-fiscal-service/ federal-insurance-office/federaladvisory-committee-on-insurance-faci without change, including any business or personal information provided such as names, addresses, email addresses, or telephone numbers. The Department of the Treasury will also make such statements available for public inspection and copying in the Department of the Treasury’s Library, 720 Madison Place NW, Room 1020, Washington, DC 20220, on official business days between the hours of 10:00 a.m. and 5:00 p.m. Eastern Time. You can make an appointment to inspect statements by telephoning (202) 622–2000. All statements received, including attachments and other supporting materials, are part of the public record and subject to public disclosure. You should submit only information that you wish to make available publicly. VerDate Sep<11>2014 19:30 Aug 28, 2020 Jkt 250001 Tentative Agenda/Topics for Discussion: This will be the third Committee meeting of 2020. In this meeting, the Committee will receive updates from its four subcommittees, which include the COVID–19 subcommittee, Availability of Insurance Products subcommittee, FIO’s International Work subcommittee, and Addressing the Protection Gap Through Public-Private Partnerships and Other Mechanisms subcommittee. The COVID–19 subcommittee consists of two workstreams on ‘‘Protection’’ and ‘‘Preparedness,’’ each of which will discuss their ongoing work related to the insurance sector’s preparation for future pandemics and other emergencies. The subcommittee on the Availability of Insurance Products will hold a discussion on its ongoing work. The subcommittee on FIO’s International Work and the subcommittee on Addressing the Protection Gap Through Public-Private Partnerships and Other Mechanisms will each provide an update on its ongoing work. The Committee will also receive an update from FIO staff on FIO’s activities and consider any new business. Dated: August 25, 2020. Steven Seitz, Director, Federal Insurance Office. [FR Doc. 2020–19055 Filed 8–28–20; 8:45 am] BILLING CODE 4810–25–P DEPARTMENT OF THE TREASURY Agency Information Collection Activities; Submission for OMB Review; Comment Request; Provisions Pertaining to Certain Investments in the United States by Foreign Persons and Provisions Pertaining to Certain Transactions by Foreign Persons Involving Real Estate in the United States Departmental Offices, U.S. Department of the Treasury. AGENCY: ACTION: Notice. The Department of the Treasury will submit the following information collection requests to the Office of Management and Budget (OMB) for review and clearance in accordance with the Paperwork Reduction Act of 1995, on or after the date of publication of this notice. The public is invited to submit comments on these requests. SUMMARY: Comments should be received on or before September 30, 2020 to be assured of consideration. DATES: PO 00000 Frm 00120 Fmt 4703 Sfmt 4703 53905 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. FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be obtained from Spencer W. Clark by emailing PRA@treasury.gov, calling (202) 927–5331, or viewing the entire information collection request at www.reginfo.gov. ADDRESSES: SUPPLEMENTARY INFORMATION: Title: Provisions Pertaining to Certain Investments in the United States by Foreign Persons and Provisions Pertaining to Certain Transactions by Foreign Persons Involving Real Estate in the United States. OMB Control Number: 1505–0121. Type of Review: Extension without change of currently approved collection. Description: Section 721 of the Defense Production Act of 1950, as amended (section 721), provides the President, acting through the Committee on Foreign Investment in the United States (CFIUS or the Committee), authority to review certain foreign investments in the United States in order to determine the effects of those transactions on the national security of the United States. In August 2018, section 721 was amended by the Foreign Investment Risk Review Modernization Act of 2018 (FIRRMA), Subtitle A of Title XVII, Public Law 115–232, 132 Stat. 2173 (Aug. 13, 2018). FIRRMA maintains CFIUS’s jurisdiction over any merger, acquisition, or takeover that could result in foreign control of any U.S. business, and broadens the authorities of the President and CFIUS under section 721 to review and take action to address any national security concerns arising from certain noncontrolling investments and certain real estate transactions involving foreign persons. Executive Order 13456, 73 FR 4677 (Jan. 23, 2008), directs the Secretary of the Treasury to issue regulations implementing section 721. Most recently, on January 17, 2020, the Department of the Treasury issued final regulations (85 FR 3112 and 85 FR 3158) implementing FIRRMA, including information collections related to notices and declarations filed with or submitted to the Committee regarding transactions that could result in foreign control of a U.S. business, certain noncontrolling investments and certain E:\FR\FM\31AUN1.SGM 31AUN1 53906 Federal Register / Vol. 85, No. 169 / Monday, August 31, 2020 / Notices real estate transactions involving foreign persons. In May 2020, the Department of the Treasury launched a new CFIUS Case Management System, featuring an online public portal for external parties to submit declarations and file notices with CFIUS in a standard form. As of June 1, 2020 use of this online system is now mandatory for all CFIUS submissions and filings. The only substantive change related to the information required in order for CFIUS to review a declaration or notice is the requirement that parties use the new online public portal to submit declarations and file notices, instead of by email. Form: None. Affected Public: Individuals and entities. Estimated Number of Respondents: 1,100. Frequency of Response: On occasion. Estimated Total Number of Annual Responses: 1,100. Estimated Time per Response: Varies from 15–20 hours per declaration and 116–130 hours per notice. Estimated Total Annual Burden Hours: 57,400 hours. (Authority: 44 U.S.C. 3501 et seq.) Dated: August 26, 2020. Spencer W. Clark, Treasury PRA Clearance Officer. [FR Doc. 2020–19147 Filed 8–28–20; 8:45 am] BILLING CODE 4810–25–P DEPARTMENT OF THE TREASURY Agency Information Collection Activities; Submission for OMB Review; Comment Request; Multiple Internal Revenue Service Information Collection Requests Departmental Offices, U.S. Department of the Treasury. ACTION: Notice. AGENCY: The Department of the Treasury will submit the following information collection requests to the Office of Management and Budget (OMB) for review and clearance in accordance with the Paperwork Reduction Act of 1995, on or after the date of publication of this notice. The public is invited to submit comments on these requests. DATES: Comments should be received on or before September 30, 2020 to be assured of consideration. ADDRESSES: Written comments and recommendations for the proposed information collection should be sent within 30 days of publication of this khammond on DSKJM1Z7X2PROD with NOTICES SUMMARY: VerDate Sep<11>2014 19:30 Aug 28, 2020 Jkt 250001 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. FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be obtained from Molly Stasko by emailing PRA@treasury.gov, calling (202) 622– 8922, or viewing the entire information collection request at www.reginfo.gov. SUPPLEMENTARY INFORMATION: Internal Revenue Service (IRS) 1. Title: Escrow Funds and Other Similar Funds. OMB Control Number: 1545–1631. Type of Review: Extension without change of a currently approved collection. Description: Section 468B(g) of the Internal Revenue Code requires that escrow accounts, settlement funds, and similar funds be subject to current taxation either as grantor trusts or otherwise. The final regulations relate to the taxation and reporting of income earned on qualified settlement funds and certain other escrow accounts, trusts, and funds, and other related rules. The final regulations affect qualified settlement funds, escrow accounts established in connection with sales of property, disputed ownership funds, and the parties to these escrow accounts, trusts, and funds. An election statement is filed for a qualified settlement fund (QSF) that the QSF has elected grantor trust treatment for the QSF and a statement is required from a transferor with respect to the transfer of cash or property to a disputed ownership fund. Regulation Project Number: TD 9249. Affected Public: Businesses and other for-profit organizations, Individuals or Households, Not-For-Profit Institutions, and Federal, State, Local, or Tribal governments. Estimated Number of Respondents: 9,300. Frequency of Response: On occasion. Estimated Total Number of Annual Responses: 9,300. Estimated Time per Response: 24 minutes. Estimated Total Annual Burden Hours: 3,720 hours. 2. Title: Recommendation for Juvenile Employment with the Internal Revenue Service. OMB Control Number: 1545–1746. Type of Review: Extension without change of a currently approved collection. Description: The Form ‘‘Recommendation for Juvenile PO 00000 Frm 00121 Fmt 4703 Sfmt 4703 Employment with the Internal Revenue Service’’, is used by 13 Delegated Examining Units and 16 Area Personnel Offices throughout the IRS as a mechanism to screen out questionable applicants when considering juveniles for employment in taxpayers remittance and submission processing functions. Form: Form 13094. Affected Public: Individuals or Households. Estimated Number of Respondents: 2,500. Frequency of Response: On occasion. Estimated Total Number of Annual Responses: 2,500. Estimated Time per Response: 5 minutes. Estimated Total Annual Burden Hours: 208 hours. 3. Title: Contract Coverage Under Title II of the Social Security Act. OMB Control Number: 1545–0137. Type of Review: Extension without change of a currently approved collection. Description: U.S. citizens and resident aliens employed abroad by foreign affiliates of American employers are exempt from social security taxes. Under Internal Revenue Code section 3121(1), American employers may file an agreement on Form 2032 to waive this exemption and obtain social security coverage for U.S. citizens and resident aliens employed abroad by their foreign affiliates. The American employers can later file Form 2032 to cover additional foreign affiliates as an amendment to their original agreement. Form: IRS Form 2032. Affected Public: Businesses and other for-profit organizations, and Individuals or Households. Estimated Number of Respondents: 26. Frequency of Response: On occasion. Estimated Total Number of Annual Responses: 26. Estimated Time per Response: 6 hours, 4 minutes. Estimated Total Annual Burden Hours: 158 hours. Authority: 44 U.S.C. 3501 et seq. Dated: August 26, 2020. Spencer W. Clark, Treasury PRA Clearance Officer. [FR Doc. 2020–19146 Filed 8–28–20; 8:45 am] BILLING CODE 4830–01–P U.S.-CHINA ECONOMIC AND SECURITY REVIEW COMMISSION Notice of Open Public Hearing U.S.-China Economic and Security Review Commission. AGENCY: E:\FR\FM\31AUN1.SGM 31AUN1

Agencies

[Federal Register Volume 85, Number 169 (Monday, August 31, 2020)]
[Notices]
[Pages 53905-53906]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-19147]


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

DEPARTMENT OF THE TREASURY


Agency Information Collection Activities; Submission for OMB 
Review; Comment Request; Provisions Pertaining to Certain Investments 
in the United States by Foreign Persons and Provisions Pertaining to 
Certain Transactions by Foreign Persons Involving Real Estate in the 
United States

AGENCY: Departmental Offices, U.S. Department of the Treasury.

ACTION: Notice.

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

SUMMARY: The Department of the Treasury will submit the following 
information collection requests to the Office of Management and Budget 
(OMB) for review and clearance in accordance with the Paperwork 
Reduction Act of 1995, on or after the date of publication of this 
notice. The public is invited to submit comments on these requests.

DATES: Comments should be received on or before September 30, 2020 to 
be assured of consideration.

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.

FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be 
obtained from Spencer W. Clark by emailing [email protected], calling 
(202) 927-5331, or viewing the entire information collection request at 
www.reginfo.gov.

SUPPLEMENTARY INFORMATION: 
    Title: Provisions Pertaining to Certain Investments in the United 
States by Foreign Persons and Provisions Pertaining to Certain 
Transactions by Foreign Persons Involving Real Estate in the United 
States.
    OMB Control Number: 1505-0121.
    Type of Review: Extension without change of currently approved 
collection.
    Description: Section 721 of the Defense Production Act of 1950, as 
amended (section 721), provides the President, acting through the 
Committee on Foreign Investment in the United
    States (CFIUS or the Committee), authority to review certain 
foreign investments in the United States in order to determine the 
effects of those transactions on the national security of the United 
States. In August 2018, section 721 was amended by the Foreign 
Investment Risk Review Modernization Act of 2018 (FIRRMA), Subtitle A 
of Title XVII, Public Law 115-232, 132 Stat. 2173 (Aug. 13, 2018). 
FIRRMA maintains CFIUS's jurisdiction over any merger, acquisition, or 
takeover that could result in foreign control of any U.S. business, and 
broadens the authorities of the President and CFIUS under section 721 
to review and take action to address any national security concerns 
arising from certain noncontrolling investments and certain real estate 
transactions involving foreign persons.
    Executive Order 13456, 73 FR 4677 (Jan. 23, 2008), directs the 
Secretary of the Treasury to issue regulations implementing section 
721. Most recently, on January 17, 2020, the Department of the Treasury 
issued final regulations (85 FR 3112 and 85 FR 3158) implementing 
FIRRMA, including information collections related to notices and 
declarations filed with or submitted to the Committee regarding 
transactions that could result in foreign control of a U.S. business, 
certain noncontrolling investments and certain

[[Page 53906]]

real estate transactions involving foreign persons.
    In May 2020, the Department of the Treasury launched a new CFIUS 
Case Management System, featuring an online public portal for external 
parties to submit declarations and file notices with CFIUS in a 
standard form. As of June 1, 2020 use of this online system is now 
mandatory for all CFIUS submissions and filings. The only substantive 
change related to the information required in order for CFIUS to review 
a declaration or notice is the requirement that parties use the new 
online public portal to submit declarations and file notices, instead 
of by email.
    Form: None.
    Affected Public: Individuals and entities.
    Estimated Number of Respondents: 1,100.
    Frequency of Response: On occasion.
    Estimated Total Number of Annual Responses: 1,100.
    Estimated Time per Response: Varies from 15-20 hours per 
declaration and 116-130 hours per notice.
    Estimated Total Annual Burden Hours: 57,400 hours.

    (Authority: 44 U.S.C. 3501 et seq.)

    Dated: August 26, 2020.
Spencer W. Clark,
Treasury PRA Clearance Officer.
[FR Doc. 2020-19147 Filed 8-28-20; 8:45 am]
BILLING CODE 4810-25-P
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.