Submission for OMB Review; Comment Request, 28812 [2021-11365]

Agencies

• DEPARTMENT OF DEFENSE
• Office of the Secretary

[Federal Register Volume 86, Number 102 (Friday, May 28, 2021)]
[Notices]
[Page 28812]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-11365]


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DEPARTMENT OF DEFENSE

Office of the Secretary

[Docket ID: DoD-2020-OS-0101]


Submission for OMB Review; Comment Request

AGENCY: Office of the Under Secretary of Defense for Acquisition and 
Sustainment, Department of Defense (DoD).

ACTION: 30-Day information collection notice.

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SUMMARY: The DoD has submitted to OMB for clearance the following 
proposal for collection of information under the provisions of the 
Paperwork Reduction Act.

DATES: Consideration will be given to all comments received June 28, 
2021.

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: Angela Duncan, 571-372-7574, or 
[email protected].

SUPPLEMENTARY INFORMATION: 
    Title; Associated Form; and OMB Number: Trusted Capital Digital 
Marketplace Application; OMB Control Number 0704-0596.
    Type of Request: Extension.
    Number of Respondents: 300.
    Responses per Respondent: 1.
    Annual Responses: 300.
    Average Burden per Response: 90 minutes.
    Annual Burden Hours: 450.
    Needs and Uses: Per the authority vested in the Secretary of 
Defense (SECDEF) by Section 1711 of the National Defense Authorization 
Act of 2018, the Office of the Under Secretary of Defense for 
Acquisition and Sustainment (OUSD(A&S)) has proposed a ``Trusted 
Capital'' initiative in the form of a public-private partnership 
designed to convene trusted sources of private capital with innovative 
companies critical to the defense industrial base (DIB) and national 
security. The initiative includes establishment of a Trusted Capital 
Digital Marketplace (TCDM) to facilitate business relationships between 
eligible investors (``Capital Providers'') and eligible small and 
medium-sized businesses that have been ``down-selected'' by Department 
of Defense (DoD) Components based on relevancy, technical merit, 
business viability, or innovativeness (``Capability Providers''). The 
COVID-19 pandemic highlighted the criticality of the security and 
resiliency of defense supply chains. The Federal emergency enabled DoD 
to accelerate initiatives to identify constraints and risks in our 
supply chains that were initially identified in the Executive Order 
(E.O.) 13806 report, which was published in 2018. One of the risk 
archetypes identified in the report is foreign dependency on capital 
and supply chains. Although DoD will always have a diverse, domestic 
and international supply chain, we recognize that this comes with some 
risk. COVID-19 magnified that risk and the difficulties of offshore 
sources of capital and supply in times of global emergencies. The 
OUSD(A&S) Trusted Capital program offers critical technology companies 
an alternative to adversarial capital. To accomplish this important 
national security mission the Trusted Capital program requires the 
ability to gather data required to conduct national security and supply 
chain due-diligence to prioritize ``trusted'' sources of commercial 
capital to offset direct financial distress in the DIB and support our 
partners affected by the virus with investments and local job creation. 
Information collected will be used in determining an applicant's 
eligibility for TCDM participation. Parties will complete an electronic 
application and be subjected to a due diligence screening process to 
assess for adversarial foreign ownership, influence, or control--as 
well as other national security risks. In the event additional 
information is necessary to process an application, additional 
inquiries may be sent to the applicant. Applicants that receive a 
favorable due diligence screening adjudication by OUSD(A&S) will be 
approved for TCDM participation. In addition to initial application 
requirements, participants will be subject to continuous reporting 
obligations.
    Affected Public: Business or other for-profit.
    Frequency: On occasion.
    Respondent's Obligation: Voluntary.
    OMB Desk Officer: Ms. Jasmeet Seehra.
    You may also submit comments and recommendations, identified by 
Docket ID number and title, by the following method:
     Federal eRulemaking Portal: https://www.regulations.gov. 
Follow the instructions for submitting comments.
    Instructions: All submissions received must include the agency 
name, Docket ID number, and title for this Federal Register document. 
The general policy for comments and other submissions from members of 
the public is to make these submissions available for public viewing on 
the internet at https://www.regulations.gov as they are received without 
change, including any personal identifiers or contact information.
    DOD Clearance Officer: Ms. Angela Duncan.
    Requests for copies of the information collection proposal should 
be sent to Ms. Duncan at [email protected].

    Dated: May 25, 2021.
Kayyonne T. Marston,
Alternate OSD Federal Register Liaison Officer, Department of Defense.
[FR Doc. 2021-11365 Filed 5-27-21; 8:45 am]
BILLING CODE 5001-06-P