Agency Information Collection Activities; Submission for OMB Review; Comment Request; Multiple Department of Treasury Information Collection Requests, 59373-59375 [2020-20707]
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Federal Register / Vol. 85, No. 183 / Monday, September 21, 2020 / Notices
Dated: September 16, 2020.
Andrea M. Gacki,
Director, Office of Foreign Assets Control,
U.S. Department of the Treasury.
[FR Doc. 2020–20793 Filed 9–18–20; 8:45 am]
BILLING CODE 4810–AL–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Application for Approval
of Prototype Simplified Employee
Pension (SEP) or Savings Incentive
Match Plan for Employees of Small
Employers (SIMPLE IRA Plan)
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
The Internal Revenue Service,
as part of its continuing effort to reduce
paperwork and respondent burden,
invites the general public and other
Federal agencies to take this
opportunity to comment on information
collections, as required by the
Paperwork Reduction Act of 1995. The
IRS is soliciting comments concerning
Form 5306–A, Application for Approval
of Prototype Simplified Employee
Pension (SEP) or Savings Incentive
Match Plan for Employees of Small
Employers (SIMPLE IRA Plan).
DATES: Written comments should be
received on or before November 20,
2020 to be assured of consideration.
ADDRESSES: Direct all written comments
to Paul Adams, Internal Revenue
Service, room 6526, 1111 Constitution
Avenue NW, Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the form and instructions
should be directed to Sara Covington
(737) 800–6149 or Internal Revenue
Service, Room 6526, 1111 Constitution
Avenue NW, Washington, DC 20224, or
through the internet, at
Sara.L.Covington@irs.gov.
SUPPLEMENTARY INFORMATION: Title:
Application for Approval of Prototype
Simplified Employee Pension (SEP) or
Savings Incentive Match Plan for
Employees of Small Employers (SIMPLE
IRA Plan).
OMB Number: 1545–0199.
Form Number: 5306–A.
Abstract: This form is used by banks,
credit unions, insurance companies, and
trade or professional associations to
apply for approval of a simplified
employee pension plan or a Savings
Incentive Match Plan to be used by
more than one employer. The data
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collected is used to determine if the
prototype plan submitted is an
approved plan.
Current Actions: There are no changes
being made to the form at this time.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations.
Estimated Number of Respondents: 6.
Estimated Time Per Respondent: 19
hours, 22 minutes.
Estimated Total Annual Burden
Hours: 117.
The following paragraph applies to all
of the collections of information covered
by this notice:
An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
unless the collection of information
displays a valid OMB control number.
Books or records relating to a
collection of information must be
retained as long as their contents may
become material in the administration
of any internal revenue law. Generally,
tax returns and tax return information
are confidential, as required by 26
U.S.C. 6103.
Request for Comments: Comments
submitted in response to this notice will
be summarized and/or included in the
request for OMB approval. All
comments will become a matter of
public record. Comments are invited on:
(a) Whether the collection of
information is necessary for the proper
performance of the functions of the
agency, including whether the
information shall have practical utility;
(b) the accuracy of the agency’s estimate
of the burden of the collection of
information; (c) ways to enhance the
quality, utility, and clarity of the
information to be collected; (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; and (e) estimates of capital
or start-up costs and costs of operation,
maintenance, and purchase of services
to provide information.
Approved: September 14, 2020.
Sara L. Covington,
IRS Tax Analyst.
[FR Doc. 2020–20605 Filed 9–18–20; 8:45 am]
BILLING CODE 4830–01–P
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59373
DEPARTMENT OF THE TREASURY
Agency Information Collection
Activities; Submission for OMB
Review; Comment Request; Multiple
Department of Treasury 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 October 21, 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 Molly Stasko by emailing
PRA@treasury.gov, calling (202) 622–
8922, or viewing the entire information
collection request at www.reginfo.gov.
SUPPLEMENTARY INFORMATION:
SUMMARY:
Departmental Offices
1. Title: Terrorism Risk Insurance
Program Claim and Program Forms.
OMB Control Number: 1505–0200.
Type of Review: Revision of a
currently approved collection.
Description: The Terrorism Risk
Insurance Act of 2002, as amended
(TRIA), established the Terrorism Risk
Insurance Program (TRIP or Program).
The Act establishes a temporary federal
program of shared public and private
compensation for insured commercial
property and casualty losses resulting
from an ‘‘act of terrorism,’’ as defined by
TRIA. In order for the Program to make
payments, the losses from an event must
exceed certain thresholds and be in
excess of participating insurer
deductibles. Only ‘‘acts of terrorism’’
that have been certified as such by the
Secretary (in consultation with the
Attorney General and the Secretary of
Homeland Security) are subject to the
compensation provisions of the
Program. In the event Treasury does
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Federal Register / Vol. 85, No. 183 / Monday, September 21, 2020 / Notices
make payments under the Program, it
may be required, through surcharges
imposed upon all commercial
policyholders, to recoup some or all of
any amounts expended. Since the
inception of the Program in 2002,
Treasury has sought and obtained from
the Office of Management and Budget
(OMB) approvals for certain information
collections that will be necessary if
Treasury needs to process claims for the
Federal share of compensation, and
potentially recoup amounts expended as
required under TRIA. Most of these
information collections are managed
through forms that have been developed
by Treasury to permit participating
insurers to demonstrate that they are
entitled to payments for the Federal
share of compensation. In some cases,
the information collection is not subject
to a specific form, but is based upon
circumstances that may develop in the
future, in the event the Program is
triggered, or might be triggered, by the
Secretary’s certification of an act of
terrorism.
In December 2019, the Terrorism Risk
Insurance Program Reauthorization Act
of 2019 extended the Program until
December 31, 2027. The recent
reauthorization of the Program did not
incorporate any changes that require
revisions to current Program forms and
collections, and Treasury seeks to
extend these previously approved
collections without change. No
additional burdens are imposed by the
renewal of the existing forms or
collections, or in the reinstatement of
the lapsed information collection, either
in terms of the estimates of the number
of insurers affected or time burdens for
compliance. None of the identified
information will need to be reported
unless there is a certified act of
terrorism (including the information
that an insurer seeking payment of the
Federal share of compensation needs to
provide), or in some cases where
Treasury is considering certification of
an act of terrorism. Treasury has
designed the forms to identify elements
that insurers already regularly collect in
their ordinary course of business when
handling insurance claims, which will
minimize any burden associated with
their completion.
Forms: Treasury Form TRIP 01,
Treasury Form TRIP 02, Treasury Form
TRIP 02A, Treasury Form TRIP 02B,
Treasury Form TRIP 02C, Treasury
Form TRIP 03, Treasury Form TRIP
04A, Treasury Form TRIP 04B, Treasury
Form TRIP 05, Treasury Form TRIP 06,
Treasury Form TRIP 07.
Affected Public: Businesses and other
for profit institutions.
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Estimated Number of Respondents:
8,431.
Frequency of Response: On occasion.
Estimated Total Number of Annual
Responses: 42,931.
Estimated Time per Response: Varies
from 5 minutes–40 hours.
Estimated Total Annual Burden
Hours: 223,877 hours.
2. Title: Collection of Data from
Property and Casualty Insurers for
Reports Concerning the Terrorism Risk
Insurance Program.
OMB Control Number: 1505–0257.
Type of Review: Extension without
change of a currently approved
collection.
Description: The Terrorism Risk
Insurance Act of 2002, as amended
(TRIA), established the Terrorism Risk
Insurance Program (TRIP or Program).
Reauthorized through 2027, the Act
establishes a temporary federal program
of shared public and private
compensation for insured commercial
property and casualty losses resulting
from an ‘‘act of terrorism,’’ as defined by
TRIA. The Act requires the Secretary to
perform periodic analyses of certain
matters concerning the Program. In
order to assist the Secretary with this
process, TRIA requires insurers to
submit on an annual basis certain
insurance data and information
regarding their participation in the
Program.
Treasury began collecting data from
insurers in 2016 on a voluntary basis,
and on a mandatory basis beginning in
2017. In 2018, Treasury and state
insurance regulators (which also collect
information on terrorism risk insurance
in separate data calls) agreed on joint
reporting templates substantially similar
to those used by Treasury in prior years.
The forms that are currently approved
for use, and which were utilized during
the 2020 TRIP data call, expire effective
September 30, 2020. Treasury seeks to
continue to use the same forms for the
next three-year period, without changes
except for non-material modifications
each year relating to the dates for which
data is sought and the incorporation of
relevant Program thresholds, and
changes to the modeled loss question
that is posed each year to estimate the
potential impact upon the Program from
hypothetical terrorism loss events.
Pursuant to TRIA, Treasury has
evaluated whether publicly available
sources can supply the information
needed in the annual data call.
Information relating to workers’
compensation exposures is available
from the workers’ compensation rating
bureaus, and Treasury will continue to
coordinate with those entities to provide
that information on behalf of
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participating insurers. Treasury has
determined, however, that all other data
components remain unavailable from
other sources. Accordingly, Treasury
will continue to request this remaining
data and information directly from
insurers. By continuing to collect
information on a consolidated basis
with state regulators, however, a
significant reduction in overall data
collection burdens for participating
insurers is achieved.
Affected Public: Businesses and other
for profits institutions.
Estimated Number of Respondents:
900.
Frequency of Response: Annually.
Estimated Total Number of Annual
Responses: 900.
Estimated Time per Response: Varies
from 28 hours–82 hours.
Estimated Total Annual Burden
Hours: 44,400 hours.
3. Title: CARES Act Loan and Payroll
Support Programs.
OMB Control Number: 1505–0263.
Type of Review: Extension without
change of a currently approved
collection.
Description: On March 27, 2020, the
President signed the ‘‘Coronavirus Aid,
Relief, and Economic Security Act’’ or
the ‘‘CARES Act,’’ (Pub. L. 116–136)
which provides emergency assistance
and health care response for
individuals, families and businesses
affected by the COVID–19 pandemic,
and provides emergency appropriations
to support executive branch agency
operations during the COVID–19
pandemic. The Act authorizes the
Secretary of the Treasury to make loans,
loan guarantees, and other investments
that do not exceed $500 billion in the
aggregate to provide liquidity to eligible
businesses, States, and municipalities
related to losses incurred as a result of
coronavirus. Section 4003(b)(1)–(3)
authorizes the Secretary to make loans
and loan guarantees available to
passenger air carriers and cargo air
carriers, as well as certain related
businesses, and businesses critical to
maintaining national security. As part of
the loan and payroll support
agreements, applicants will need to
maintain records for a period of 2, 5, or
10 years, depending on the loan type, as
well as submit compliance reports
quarterly to ensure funding is used in
accordance with the agreements and aid
statutory reporting requirements.
Forms: Payroll Support and Loan
Application Forms and Agreements,
Quarterly and Annual Compliance and
Reporting Collection.
Affected Public: Businesses and other
for profits institutions.
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Federal Register / Vol. 85, No. 183 / Monday, September 21, 2020 / Notices
Estimated Number of Respondents:
1,000 for applications, 1,100 for
reporting.
Frequency of Response: Once for
applications, Quarterly for reporting.
Estimated Total Number of Annual
Responses: 1,000 for applications, 4,400
for reporting.
Estimated Time per Response: 2 hours
for applications, 4 hours for reporting.
Estimated Total Annual Burden
Hours: 2,000 for applications, 17,600 for
reporting.
Authority: 44 U.S.C. 3501 et seq.
Dated: September 15, 2020.
Spencer W. Clark,
Treasury PRA Clearance Officer.
ACTION:
Notice.
DEPARTMENT OF THE TREASURY
The United States Mint is
announcing pricing for recurring and
new United States Mint numismatic
products in accordance with the table
shown in SUPPLEMENTARY INFORMATION
below:
United States Mint
FOR FURTHER INFORMATION CONTACT:
SUMMARY:
[FR Doc. 2020–20707 Filed 9–18–20; 8:45 am]
BILLING CODE 4810–25–P
Establish Pricing for 2020 United
States Mint Numismatic Products
United States Mint, Department
of the Treasury.
AGENCY:
Angela Hicks, Marketing Specialist,
Sales and Marketing; United States
Mint; 801 9th Street NW,; Washington,
DC 20220; or call 202–354–7750.
SUPPLEMENTARY INFORMATION:
2020
retail price
Product
American InnovationTM $1 Coin Roll—P mint mark (Connecticut) .....................................................................................................
American Innovation $1 Coin Roll—D mint mark (Connecticut) .........................................................................................................
American Innovation $1 Coin—100-Coin Bag—P mint mark (Connecticut) .......................................................................................
American Innovation $1 Coin—100-Coin Bag—D mint mark (Connecticut) ......................................................................................
American Innovation $1 Coin Roll—P mint mark (Massachusetts) ....................................................................................................
American Innovation $1 Coin Roll—D mint mark (Massachusetts) ....................................................................................................
American Innovation $1 Coin—100-Coin Bag—P mint mark (Massachusetts) ..................................................................................
American Innovation $1 Coin—100-Coin Bag—D mint mark (Massachusetts) .................................................................................
American Innovation $1 Coin Roll—P mint mark (Maryland) .............................................................................................................
American Innovation $1 Coin Roll—D mint mark (Maryland) .............................................................................................................
American Innovation $1 Coin—100-Coin Bag—P mint mark (Maryland) ...........................................................................................
American Innovation $1 Coin—100-Coin Bag—D mint mark (Maryland) ...........................................................................................
American Innovation $1 Coin Roll—P mint mark (South Carolina) ....................................................................................................
American Innovation $1 Coin Roll—D mint mark (South Carolina) ....................................................................................................
American Innovation $1 Coin—100-Coin Bag—P mint mark (South Carolina) ..................................................................................
American Innovation $1 Coin—100-Coin Bag—D mint mark (South Carolina) .................................................................................
George H.W. Bush Presidential $1 Coin Roll—P mint mark ..............................................................................................................
George H.W. Bush Presidential $1 Coin Roll—D mint mark ..............................................................................................................
George H.W. Bush Presidential $1 Coin 100-Coin Bag—P mint mark ..............................................................................................
George H.W. Bush Presidential $1 Coin 100-Coin Bag—D mint mark ..............................................................................................
George H.W. Bush Presidential $1 Coin 250-Coin Box—P mint mark ..............................................................................................
George H.W. Bush Presidential $1 Coin 250-Coin Box—D mint mark ..............................................................................................
Authority: 31 U.S.C. 5111, 5112, 5132 &
9701.
Eric Anderson,
Executive Secretary, United States Mint.
[FR Doc. 2020–20775 Filed 9–18–20; 8:45 am]
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$34.50
$34.50
$117.50
$117.50
$34.50
$34.50
$117.50
$117.50
$34.50
$34.50
$117.50
$117.50
$34.50
$34.50
$117.50
$117.50
$34.50
$34.50
$117.50
$117.50
$289.75
$289.75
]]>Agencies
[Federal Register Volume 85, Number 183 (Monday, September 21, 2020)]
[Notices]
[Pages 59373-59375]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-20707]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Agency Information Collection Activities; Submission for OMB
Review; Comment Request; Multiple Department of Treasury Information
Collection Requests
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 October 21, 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 Molly Stasko by emailing [email protected], calling (202)
622-8922, or viewing the entire information collection request at
www.reginfo.gov.
SUPPLEMENTARY INFORMATION:
Departmental Offices
1. Title: Terrorism Risk Insurance Program Claim and Program Forms.
OMB Control Number: 1505-0200.
Type of Review: Revision of a currently approved collection.
Description: The Terrorism Risk Insurance Act of 2002, as amended
(TRIA), established the Terrorism Risk Insurance Program (TRIP or
Program). The Act establishes a temporary federal program of shared
public and private compensation for insured commercial property and
casualty losses resulting from an ``act of terrorism,'' as defined by
TRIA. In order for the Program to make payments, the losses from an
event must exceed certain thresholds and be in excess of participating
insurer deductibles. Only ``acts of terrorism'' that have been
certified as such by the Secretary (in consultation with the Attorney
General and the Secretary of Homeland Security) are subject to the
compensation provisions of the Program. In the event Treasury does
[[Page 59374]]
make payments under the Program, it may be required, through surcharges
imposed upon all commercial policyholders, to recoup some or all of any
amounts expended. Since the inception of the Program in 2002, Treasury
has sought and obtained from the Office of Management and Budget (OMB)
approvals for certain information collections that will be necessary if
Treasury needs to process claims for the Federal share of compensation,
and potentially recoup amounts expended as required under TRIA. Most of
these information collections are managed through forms that have been
developed by Treasury to permit participating insurers to demonstrate
that they are entitled to payments for the Federal share of
compensation. In some cases, the information collection is not subject
to a specific form, but is based upon circumstances that may develop in
the future, in the event the Program is triggered, or might be
triggered, by the Secretary's certification of an act of terrorism.
In December 2019, the Terrorism Risk Insurance Program
Reauthorization Act of 2019 extended the Program until December 31,
2027. The recent reauthorization of the Program did not incorporate any
changes that require revisions to current Program forms and
collections, and Treasury seeks to extend these previously approved
collections without change. No additional burdens are imposed by the
renewal of the existing forms or collections, or in the reinstatement
of the lapsed information collection, either in terms of the estimates
of the number of insurers affected or time burdens for compliance. None
of the identified information will need to be reported unless there is
a certified act of terrorism (including the information that an insurer
seeking payment of the Federal share of compensation needs to provide),
or in some cases where Treasury is considering certification of an act
of terrorism. Treasury has designed the forms to identify elements that
insurers already regularly collect in their ordinary course of business
when handling insurance claims, which will minimize any burden
associated with their completion.
Forms: Treasury Form TRIP 01, Treasury Form TRIP 02, Treasury Form
TRIP 02A, Treasury Form TRIP 02B, Treasury Form TRIP 02C, Treasury Form
TRIP 03, Treasury Form TRIP 04A, Treasury Form TRIP 04B, Treasury Form
TRIP 05, Treasury Form TRIP 06, Treasury Form TRIP 07.
Affected Public: Businesses and other for profit institutions.
Estimated Number of Respondents: 8,431.
Frequency of Response: On occasion.
Estimated Total Number of Annual Responses: 42,931.
Estimated Time per Response: Varies from 5 minutes-40 hours.
Estimated Total Annual Burden Hours: 223,877 hours.
2. Title: Collection of Data from Property and Casualty Insurers
for Reports Concerning the Terrorism Risk Insurance Program.
OMB Control Number: 1505-0257.
Type of Review: Extension without change of a currently approved
collection.
Description: The Terrorism Risk Insurance Act of 2002, as amended
(TRIA), established the Terrorism Risk Insurance Program (TRIP or
Program). Reauthorized through 2027, the Act establishes a temporary
federal program of shared public and private compensation for insured
commercial property and casualty losses resulting from an ``act of
terrorism,'' as defined by TRIA. The Act requires the Secretary to
perform periodic analyses of certain matters concerning the Program. In
order to assist the Secretary with this process, TRIA requires insurers
to submit on an annual basis certain insurance data and information
regarding their participation in the Program.
Treasury began collecting data from insurers in 2016 on a voluntary
basis, and on a mandatory basis beginning in 2017. In 2018, Treasury
and state insurance regulators (which also collect information on
terrorism risk insurance in separate data calls) agreed on joint
reporting templates substantially similar to those used by Treasury in
prior years. The forms that are currently approved for use, and which
were utilized during the 2020 TRIP data call, expire effective
September 30, 2020. Treasury seeks to continue to use the same forms
for the next three-year period, without changes except for non-material
modifications each year relating to the dates for which data is sought
and the incorporation of relevant Program thresholds, and changes to
the modeled loss question that is posed each year to estimate the
potential impact upon the Program from hypothetical terrorism loss
events.
Pursuant to TRIA, Treasury has evaluated whether publicly available
sources can supply the information needed in the annual data call.
Information relating to workers' compensation exposures is available
from the workers' compensation rating bureaus, and Treasury will
continue to coordinate with those entities to provide that information
on behalf of participating insurers. Treasury has determined, however,
that all other data components remain unavailable from other sources.
Accordingly, Treasury will continue to request this remaining data and
information directly from insurers. By continuing to collect
information on a consolidated basis with state regulators, however, a
significant reduction in overall data collection burdens for
participating insurers is achieved.
Affected Public: Businesses and other for profits institutions.
Estimated Number of Respondents: 900.
Frequency of Response: Annually.
Estimated Total Number of Annual Responses: 900.
Estimated Time per Response: Varies from 28 hours-82 hours.
Estimated Total Annual Burden Hours: 44,400 hours.
3. Title: CARES Act Loan and Payroll Support Programs.
OMB Control Number: 1505-0263.
Type of Review: Extension without change of a currently approved
collection.
Description: On March 27, 2020, the President signed the
``Coronavirus Aid, Relief, and Economic Security Act'' or the ``CARES
Act,'' (Pub. L. 116-136) which provides emergency assistance and health
care response for individuals, families and businesses affected by the
COVID-19 pandemic, and provides emergency appropriations to support
executive branch agency operations during the COVID-19 pandemic. The
Act authorizes the Secretary of the Treasury to make loans, loan
guarantees, and other investments that do not exceed $500 billion in
the aggregate to provide liquidity to eligible businesses, States, and
municipalities related to losses incurred as a result of coronavirus.
Section 4003(b)(1)-(3) authorizes the Secretary to make loans and loan
guarantees available to passenger air carriers and cargo air carriers,
as well as certain related businesses, and businesses critical to
maintaining national security. As part of the loan and payroll support
agreements, applicants will need to maintain records for a period of 2,
5, or 10 years, depending on the loan type, as well as submit
compliance reports quarterly to ensure funding is used in accordance
with the agreements and aid statutory reporting requirements.
Forms: Payroll Support and Loan Application Forms and Agreements,
Quarterly and Annual Compliance and Reporting Collection.
Affected Public: Businesses and other for profits institutions.
[[Page 59375]]
Estimated Number of Respondents: 1,000 for applications, 1,100 for
reporting.
Frequency of Response: Once for applications, Quarterly for
reporting.
Estimated Total Number of Annual Responses: 1,000 for applications,
4,400 for reporting.
Estimated Time per Response: 2 hours for applications, 4 hours for
reporting.
Estimated Total Annual Burden Hours: 2,000 for applications, 17,600
for reporting.
Authority: 44 U.S.C. 3501 et seq.
Dated: September 15, 2020.
Spencer W. Clark,
Treasury PRA Clearance Officer.
[FR Doc. 2020-20707 Filed 9-18-20; 8:45 am]
BILLING CODE 4810-25-P
