Agency Information Collection Activities; Proposed Collection; Comment Request for Reporting, Procedures and Penalties Regulations, 18372-18373 [2021-07260]
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18372
Federal Register / Vol. 86, No. 66 / Thursday, April 8, 2021 / Notices
for approval. To comply with this
requirement, the OCC is publishing
notice of the proposed collection of
information set forth in this document.
Title: Release of Non-Public
Information.
OMB Control No.: 1557–0200.
Abstract: The information collection
requirements require individuals who
are requesting non-public OCC
information to provide the OCC with
information regarding the legal grounds
for the request. The release of nonpublic OCC information to a requester
without sufficient legal grounds to
obtain the information would inhibit
open consultation between a bank and
the OCC, thereby impairing the OCC’s
supervisory and regulatory mission. The
OCC is entitled, under statute and case
law, to require requesters to
demonstrate that they have sufficient
legal grounds for the OCC to release
non-public OCC information. The OCC
needs to identify the requester’s legal
grounds to determine if it should release
the requested non-public OCC
information.
The information requirements in 12
CFR part 4, subpart C, are as follows:
• 12 CFR 4.33: Request for non-public
OCC records or testimony;
• 12 CFR 4.35(b)(3): Third parties
requesting testimony;
• 12 CFR 4.37(a)(2): OCC former
employee notifying OCC of subpoena;
• 12 CFR 4.37(a) and (b): Prohibition
on dissemination of released
information;
• 12 CFR 4.38(a) and (b): Restrictions
on dissemination of released
information; and
• 12 CFR 4.39(d): Request for
authenticated records or certificate of
nonexistence of records.
The OCC uses the information to
process requests for non-public OCC
information and to determine if
sufficient grounds exist for the OCC to
release the requested information or
provide testimony that would include a
discussion of non-public information.
This information collection facilitates
the processing of requests and expedites
the OCC’s release of non-public
information and testimony to the
requester, as appropriate.
Type of Review: Extension, without
change, of a currently approved
collection.
Affected Public: Businesses or other
for-profit; individuals.
Number of Respondents: 2.
Frequency of Response: On occasion.
Total Annual Burden: 6 hours.
Comments submitted in response to
this notice will be summarized and
included in the request for OMB
approval. All comments will become a
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Jkt 253001
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 has 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 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.
Theodore J. Dowd,
Deputy Chief Counsel, Office of the
Comptroller of the Currency.
[FR Doc. 2021–07256 Filed 4–7–21; 8:45 am]
BILLING CODE 4810–33–P
DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
[Docket No.: OFAC–2021–0001]
Agency Information Collection
Activities; Proposed Collection;
Comment Request for Reporting,
Procedures and Penalties Regulations
Office of Foreign Assets
Control, Treasury.
ACTION: Notice and request for
comments.
AGENCY:
The Department of the
Treasury, as part of its continuing effort
to reduce paperwork and respondent
burden, invites the general public and
other Federal agencies to comment on
proposed or continuing information
collections, as required by the
Paperwork Reduction Act of 1995.
Currently, the Office of Foreign Assets
Control (OFAC) within the Department
of the Treasury is soliciting comments
concerning OFAC’s information
collection requirements contained
within OFAC’s Reporting, Procedures
and Penalties Regulations.
DATES: Written comments must be
submitted on or before June 7, 2021 to
be assured of consideration.
ADDRESSES: You may submit comments
by either of the following methods:
Federal eRulemaking Portal: https://
www.regulations.gov. Follow the
instructions on the website for
submitting comments.
SUMMARY:
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Email: OFACreport@treasury.gov with
Attn: Request for Comments (Reporting,
Procedures and Penalties Regulations).
Instructions: All submissions received
must include the agency name and refer
to Docket Number OFAC–2021–0001
and the Office of Management and
Budget (OMB) control number 1505–
0164. Comments received will be made
available to the public via https://
www.regulations.gov or upon request,
without change and including any
personal information provided.
FOR FURTHER INFORMATION CONTACT:
OFAC: Assistant Director for Licensing,
202–622–2480; Assistant Director for
Regulatory Affairs, 202–622–4855; or
Assistant Director for Sanctions
Compliance & Evaluation, 202–622–
2490.
SUPPLEMENTARY INFORMATION:
Title: Reporting, Procedures and
Penalties Regulations.
OMB Number: 1505–0164.
Type of Review: Extension without
change of a currently approved
collection.
Description: The collections of
information are contained in sections
501.601 through 501.605, 501.801, and
501.805 through 501.807 of OFAC’s
Reporting, Procedures and Penalties
Regulations (the ‘‘Regulations’’), and
certain other parts, and pertain to the
operation of various economic sanctions
programs administered by OFAC under
31 CFR chapter V. Section 501.601
addresses the maintenance of records
and § 501.602 relates to OFAC demands
for information relative to any
transaction or property subject to the
provisions of 31 CFR chapter V. Section
501.603 imposes reporting requirements
pertaining to blocked property and
retained funds, as well as property that
is released from blocked status
(unblocked property). This information
is required by OFAC to monitor
compliance with regulatory
requirements, to support diplomatic
negotiations concerning the targets of
sanctions, and to support settlement
negotiations addressing U.S. claims.
Section 501.604 requires the filing of
reports for compliance purposes by U.S.
persons where a transaction is not
required to be blocked but where
processing or otherwise engaging in the
transaction would nonetheless violate,
or facilitate a transaction that is
prohibited under, other provisions in 31
CFR chapter V. Section 501.605 requires
reporting of information pertaining to
litigation, arbitration, and other binding
alternative dispute resolution
proceedings in the United States to
prevent the intentional or inadvertent
transfer through such proceedings of
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khammond on DSKJM1Z7X2PROD with NOTICES
Federal Register / Vol. 86, No. 66 / Thursday, April 8, 2021 / Notices
blocked property or retained funds.
Sections 501.801 and 501.805 relate,
respectively, to license requests and
records requests. Section 501.806 sets
forth the procedures to be followed by
a person seeking to have funds
unblocked at a financial institution if
the person believes that the funds were
blocked due to mistaken identity.
Section 501.807 sets forth the
procedures to be followed by a person
seeking administrative reconsideration
of a designation or of a vessel as
blocked, or who wishes to assert that the
circumstances resulting in the
designation or blocking no longer apply.
The reports covered by this
information collection will be reviewed
by the U.S. Department of the Treasury
and may be used for compliance, civil
penalty, and enforcement purposes by
the agency.
Forms: OFAC requires the submission
of the Annual Report of Blocked
Property (ARBP) through approved
form: TD–F 90–22.50. OFAC also
maintains voluntary forms for
submission of certain other information
required as a part of the information
collections covered by this notice
including the following approved forms:
Report on Blocked Property—Financial,
TD–F 93.02; Report on Blocked
Property—Tangible/Real/Other NonFinancial Property, TD–F 93.08; Report
on Rejected Transaction, TD–F 93.07;
TSRA License Application, TD–F 93.04;
and Licensing Cover Sheet, TD–F 98–
22.61. Any other information collections
covered by this notice do not have
mandatory or voluntary forms.
Affected Public: Financial
institutions, business organizations,
individuals, and legal representatives.
Estimated Number of Respondents:
OFAC’s estimate for the number of
unique reporting respondents is
approximately 5,600. The significant
decrease in the number of unique
respondents since OFAC’s last
information collection submission
regarding the Regulations in 2019 is due
to OFAC’s increased use of technology,
which has enabled it to consolidate
multiple filers within a single
institution under one unique
identification number assigned to the
institution for all reports submitted to
OFAC. Previously, OFAC did not have
the ability to easily ascertain the
number of unique respondents due to
different identification numbers being
selected for reports filed by different
individuals within the same institution,
or different branches or offices of the
same institution. This inability to
uniquely identify all reports associated
with one institution led to counting
numerous filers that were all associated
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Jkt 253001
with the same institution instead of
counting the institutions themselves as
unique respondents, resulting in an
inflated number of respondents in past
information collection submissions.
OFAC is now adjusting its number of
unique reporting respondents based on
its more accurate data set.
Frequency of Response: The estimated
annual frequency of responses is
between 1 and 4,641, varying greatly by
entity depending on the size, nature,
and scope of business activities of each
respondent, with the majority of filers
providing a small number of responses
and a small number of filers submitting
a higher number of responses.
Estimated Total Number of Annual
Responses: The estimated total number
of responses per year is approximately
30,051.
Estimated Time per Response: OFAC
assesses that there is an average time
estimate for reports associated with
forms ranging from 15 minutes to 2
hours and for reports associated with
general licenses and other
miscellaneous reports ranging from 15
minutes to 5 hours.
Estimated Total Annual Burden
Hours: The estimated total annual
reporting burden is approximately
14,752 hours.
Request for Comments
Comments submitted in response to
this notice will be summarized and
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 has 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
required to provide information.
Authority: 44 U.S.C. 3501 et seq.
Dated: April 5, 2021.
Andrea Gacki,
Director, Office of Foreign Assets Control.
[FR Doc. 2021–07260 Filed 4–7–21; 8:45 am]
BILLING CODE 4810–AL–P
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18373
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Regulation Project
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 continuing
information collections, as required by
the Paperwork Reduction Act of 1995.
The IRS is soliciting comments
concerning health insurance costs of
eligible individuals.
DATES: Written comments should be
received on or before June 7, 2021 to be
assured of consideration.
ADDRESSES: Direct all written comments
to Kinna Brewington, 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 should be directed to
Kerry Dennis, at (202) 317–5751 or
Internal Revenue Service, Room 6526,
1111 Constitution Avenue NW,
Washington, DC 20224, or through the
internet, at Kerry.Dennis@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Health Insurance Costs of
Eligible Individuals.
OMB Number: 1545–1875.
Regulation Project Number: Rev. Proc.
2004–12.
Abstract: Revenue Procedure 2004–12
informs states how to elect a health
program to be qualified health insurance
for purposes of the health coverage tax
credit (HCTC) under section 35 of the
Internal Revenue Code. The collection
of information is voluntary. However, if
a state does not make an election,
eligible residents of the state may be
impeded in their efforts to claim the
HCTC.
Current Actions: There is no change to
the revenue procedure, or the
paperwork burden previously approved
by OMB.
Type of Review: Extension of a
currently approved collection.
Affected Public: States, Local, or
Tribal Government.
Estimated Number of Respondents:
51.
Estimated Average Time per
Respondent: 30 minutes.
Estimated Total Annual Burden
Hours: 36.
SUMMARY:
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]]>Agencies
[Federal Register Volume 86, Number 66 (Thursday, April 8, 2021)]
[Notices]
[Pages 18372-18373]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-07260]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
[Docket No.: OFAC-2021-0001]
Agency Information Collection Activities; Proposed Collection;
Comment Request for Reporting, Procedures and Penalties Regulations
AGENCY: Office of Foreign Assets Control, Treasury.
ACTION: Notice and request for comments.
-----------------------------------------------------------------------
SUMMARY: The Department of the Treasury, as part of its continuing
effort to reduce paperwork and respondent burden, invites the general
public and other Federal agencies to comment on proposed or continuing
information collections, as required by the Paperwork Reduction Act of
1995. Currently, the Office of Foreign Assets Control (OFAC) within the
Department of the Treasury is soliciting comments concerning OFAC's
information collection requirements contained within OFAC's Reporting,
Procedures and Penalties Regulations.
DATES: Written comments must be submitted on or before June 7, 2021 to
be assured of consideration.
ADDRESSES: You may submit comments by either of the following methods:
Federal eRulemaking Portal: https://www.regulations.gov. Follow the
instructions on the website for submitting comments.
Email: [email protected] with Attn: Request for Comments
(Reporting, Procedures and Penalties Regulations).
Instructions: All submissions received must include the agency name
and refer to Docket Number OFAC-2021-0001 and the Office of Management
and Budget (OMB) control number 1505-0164. Comments received will be
made available to the public via https://www.regulations.gov or upon
request, without change and including any personal information
provided.
FOR FURTHER INFORMATION CONTACT: OFAC: Assistant Director for
Licensing, 202-622-2480; Assistant Director for Regulatory Affairs,
202-622-4855; or Assistant Director for Sanctions Compliance &
Evaluation, 202-622-2490.
SUPPLEMENTARY INFORMATION:
Title: Reporting, Procedures and Penalties Regulations.
OMB Number: 1505-0164.
Type of Review: Extension without change of a currently approved
collection.
Description: The collections of information are contained in
sections 501.601 through 501.605, 501.801, and 501.805 through 501.807
of OFAC's Reporting, Procedures and Penalties Regulations (the
``Regulations''), and certain other parts, and pertain to the operation
of various economic sanctions programs administered by OFAC under 31
CFR chapter V. Section 501.601 addresses the maintenance of records and
Sec. 501.602 relates to OFAC demands for information relative to any
transaction or property subject to the provisions of 31 CFR chapter V.
Section 501.603 imposes reporting requirements pertaining to blocked
property and retained funds, as well as property that is released from
blocked status (unblocked property). This information is required by
OFAC to monitor compliance with regulatory requirements, to support
diplomatic negotiations concerning the targets of sanctions, and to
support settlement negotiations addressing U.S. claims. Section 501.604
requires the filing of reports for compliance purposes by U.S. persons
where a transaction is not required to be blocked but where processing
or otherwise engaging in the transaction would nonetheless violate, or
facilitate a transaction that is prohibited under, other provisions in
31 CFR chapter V. Section 501.605 requires reporting of information
pertaining to litigation, arbitration, and other binding alternative
dispute resolution proceedings in the United States to prevent the
intentional or inadvertent transfer through such proceedings of
[[Page 18373]]
blocked property or retained funds. Sections 501.801 and 501.805
relate, respectively, to license requests and records requests. Section
501.806 sets forth the procedures to be followed by a person seeking to
have funds unblocked at a financial institution if the person believes
that the funds were blocked due to mistaken identity. Section 501.807
sets forth the procedures to be followed by a person seeking
administrative reconsideration of a designation or of a vessel as
blocked, or who wishes to assert that the circumstances resulting in
the designation or blocking no longer apply.
The reports covered by this information collection will be reviewed
by the U.S. Department of the Treasury and may be used for compliance,
civil penalty, and enforcement purposes by the agency.
Forms: OFAC requires the submission of the Annual Report of Blocked
Property (ARBP) through approved form: TD-F 90-22.50. OFAC also
maintains voluntary forms for submission of certain other information
required as a part of the information collections covered by this
notice including the following approved forms: Report on Blocked
Property--Financial, TD-F 93.02; Report on Blocked Property--Tangible/
Real/Other Non-Financial Property, TD-F 93.08; Report on Rejected
Transaction, TD-F 93.07; TSRA License Application, TD-F 93.04; and
Licensing Cover Sheet, TD-F 98-22.61. Any other information collections
covered by this notice do not have mandatory or voluntary forms.
Affected Public: Financial institutions, business organizations,
individuals, and legal representatives.
Estimated Number of Respondents: OFAC's estimate for the number of
unique reporting respondents is approximately 5,600. The significant
decrease in the number of unique respondents since OFAC's last
information collection submission regarding the Regulations in 2019 is
due to OFAC's increased use of technology, which has enabled it to
consolidate multiple filers within a single institution under one
unique identification number assigned to the institution for all
reports submitted to OFAC. Previously, OFAC did not have the ability to
easily ascertain the number of unique respondents due to different
identification numbers being selected for reports filed by different
individuals within the same institution, or different branches or
offices of the same institution. This inability to uniquely identify
all reports associated with one institution led to counting numerous
filers that were all associated with the same institution instead of
counting the institutions themselves as unique respondents, resulting
in an inflated number of respondents in past information collection
submissions. OFAC is now adjusting its number of unique reporting
respondents based on its more accurate data set.
Frequency of Response: The estimated annual frequency of responses
is between 1 and 4,641, varying greatly by entity depending on the
size, nature, and scope of business activities of each respondent, with
the majority of filers providing a small number of responses and a
small number of filers submitting a higher number of responses.
Estimated Total Number of Annual Responses: The estimated total
number of responses per year is approximately 30,051.
Estimated Time per Response: OFAC assesses that there is an average
time estimate for reports associated with forms ranging from 15 minutes
to 2 hours and for reports associated with general licenses and other
miscellaneous reports ranging from 15 minutes to 5 hours.
Estimated Total Annual Burden Hours: The estimated total annual
reporting burden is approximately 14,752 hours.
Request for Comments
Comments submitted in response to this notice will be summarized
and 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 has
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 required to provide information.
Authority: 44 U.S.C. 3501 et seq.
Dated: April 5, 2021.
Andrea Gacki,
Director, Office of Foreign Assets Control.
[FR Doc. 2021-07260 Filed 4-7-21; 8:45 am]
BILLING CODE 4810-AL-P
