Request for Comments of a Previously Approved Information Collection: Application for Construction Reserve Fund and Annual Statements (CRF), 35562-35563 [2021-14323]

Agencies

• Maritime Administration
• DEPARTMENT OF TRANSPORTATION

[Federal Register Volume 86, Number 126 (Tuesday, July 6, 2021)]
[Notices]
[Pages 35562-35563]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-14323]


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DEPARTMENT OF TRANSPORTATION

Maritime Administration

[Docket No. MARAD-2021-0123]


Request for Comments of a Previously Approved Information 
Collection: Application for Construction Reserve Fund and Annual 
Statements (CRF)

AGENCY: Maritime Administration, DOT.

ACTION: Notice and request for comments.

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SUMMARY: In compliance with the Paperwork Reduction Act of 1995, this 
notice announces that the Information Collection Request (ICR) 
abstracted below is being forwarded to the Office of Management and 
Budget (OMB) for review and comments. A Federal Register Notice with a 
60-day comment period soliciting comments on the following information 
collection was published on April 7, 2021.

DATES: Comments must be submitted on or before August 5, 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: Daniel Ladd, 202-366-1859, Office of 
Financial Approvals, Maritime Administration, U.S. Department of 
Transportation, 1200 New Jersey Avenue SE, Washington, DC, 20590.

SUPPLEMENTARY INFORMATION:
    Title: Application for Construction Reserve Fund (CRF) and Annual 
Statements.
    OMB Control Number: 2133-0032.
    Type of Request: Renewal of a previously approved collection.
    Background: The Construction Reserve Fund (CRF), authorized by 46 
U.S.C. chapter 533, is a financial assistance program which provides 
tax deferral benefits to U.S.-flag operators. Eligible parties can 
defer the gain attributable to the sale or loss of a vessel, provided 
the proceeds are used to expand or modernize the U.S. merchant fleet. 
The primary purpose of the CRF is to promote the construction, 
reconstruction, reconditioning, or acquisition of merchant vessels 
which are necessary for national defense and to the development of U.S. 
commerce.
    Respondents: Citizens who own or operate vessels in the U.S. 
foreign or domestic commerce who desire tax benefits under the CRF 
program must respond.
    Affected Public: Owners or operators of vessels in the domestic or 
foreign commerce.
    Estimated Number of Respondents: 17.
    Total Estimated Number of Responses: 17.
    Frequency of Response: Annually.
    Estimated time per Respondent: 9 Hours.
    Total Estimated Number of Annual Burden Hours: 153.

[[Page 35563]]

    Public Comments Invited: Comments are invited on: Whether the 
proposed collection of information is necessary for the proper 
performance of the functions of the Department, including whether the 
information will have practical utility; the accuracy of the 
Department's estimate of the burden of the proposed information 
collection; ways to enhance the quality, utility and clarity of the 
information to be collected; and ways to minimize the burden of the 
collection of information on respondents, including the use of 
automated collection techniques or other forms of information 
technology.

(Authority: The Paperwork Reduction Act of 1995; 44 U.S.C. Chapter 
35, as amended; and 49 CFR 1.93)
* * * * *

    By Order of the Acting Maritime Administrator.
T. Mitchell Hudson, Jr.
Secretary, Maritime Administration.
[FR Doc. 2021-14323 Filed 7-2-21; 8:45 am]
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