Agency Information Collection Activities; Proposed Collection; Comment Request for Reporting, Procedures and Penalties Regulations, 18372-18373 [2021-07260]

Download as PDF khammond on DSKJM1Z7X2PROD with NOTICES 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 VerDate Sep<11>2014 16:53 Apr 07, 2021 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: http:// www.regulations.gov. Follow the instructions on the website for submitting comments. SUMMARY: PO 00000 Frm 00129 Fmt 4703 Sfmt 4703 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 E:\FR\FM\08APN1.SGM 08APN1 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 VerDate Sep<11>2014 16:53 Apr 07, 2021 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 PO 00000 Frm 00130 Fmt 4703 Sfmt 4703 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: E:\FR\FM\08APN1.SGM 08APN1

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]


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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.

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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: http://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