Agency Information Collection Activities; Proposed Collection; Comment Request; Coronavirus Economic Relief for Transportation Services., 73101-73102 [2021-27869]

Download as PDF Federal Register / Vol. 86, No. 244 / Thursday, December 23, 2021 / Notices amount’’ or ‘‘IMARA’’ to be used for determining whether Treasury must recoup any payments it makes under the Program. Under the Act, if total annual payments by all participating insurers are below the IMARA, then Treasury must recoup all amounts expended by it up to the IMARA threshold. If total annual payments by all participating insurers are above the IMARA, then Treasury has the discretionary authority (but not the obligation) to recoup all of the expended amounts that are above the IMARA threshold.4 TRIA provides for a schedule of defined IMARA values from calendar year 2015 through calendar year 2019.5 For calendar year 2020 and beyond, TRIA states that the IMARA ‘‘shall be revised to be the amount equal to the annual average of the sum of insurer deductibles for all insurers participating in the Program for the prior 3 calendar years,’’ as such sum is determined pursuant to final rules issued by the Secretary.6 On November 15, 2019, Treasury issued a final rule for calculation of the IMARA.7 This rule, which is codified at 31 CFR 50.4(m)(2), provides that the IMARA will be calculated by averaging the annual industry aggregate deductibles over the prior three calendar years, based upon the direct earned premiums (DEP) reported to Treasury by insurers in Treasury’s 73101 annual data calls. Insurer deductibles under the Program are based upon the DEP of individual insurers reported to Treasury in the prior year (e.g., 2020 DEP for 2021 calendar year). Accordingly, for purposes of determining the IMARA for calendar 2022, Treasury has averaged the aggregate insurer deductibles for calendar years 2021, 2020, and 2019 (as reported to Treasury in each of these years), which are based on the reported DEP for calendar years 2020, 2019, and 2018, respectively. For purposes of the 2022 IMARA calculation, those figures are as follows: TRIP-ELIGIBLE DEP BY INSURER CATEGORY 8 2019 TRIP data call 2018 DEP in TRIP-eligible lines 2020 TRIP data call % of total 2019 DEP in TRIP-eligible lines 2021 TRIP data call % of total 2020 DEP in TRIP-eligible lines % of total Alien Surplus Lines Ins .................................. Captive Insurers ............................................. Non-Small Insurers ........................................ Small Insurers ................................................ $7,618,548,358 8,937,119,082 166,188,192,378 22,516,178,612 4 4 81 11 $11,149,972,542 9,083,384,310 172,970,757,331 22,882,139,290 5 4 80 11 $11,043,111,847 10,534,614,720 175,272,463,804 22,156,599,520 5 5 80 10 Total ........................................................ 205,260,038,430 100 216,086,253,473 100 219,006,789,891 100 Source: 2019–2021 TRIP Data Calls. Treasury has used these reported premiums to calculate the IMARA for calendar year 2022. The average annual DEP figure for the combined period of 2018, 2019, and 2020 is $213,451,027,265 [($205,260,038,430 + $216,086,253,473 + $219,006,789,891)/3 = $213,451,027,265]. The average aggregate deductible for the prior three years is 20 percent of $213,451,027,265, which equals $42,690,205,453.9 Accordingly, the IMARA for purposes of calendar year 2022 is $42,690,205,453. Steven E. Seitz, Director, Federal Insurance Office. [FR Doc. 2021–27795 Filed 12–22–21; 8:45 am] BILLING CODE 4810–AK–P Comments must be received on or before January 24, 2022. 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: Title: Coronavirus Economic Relief for Transportation Services. OMB Control Number: 1505–0273. Type of Review: Extension of a currently approved collection. Description: On December 27, 2020, the President signed the Consolidated preceding year. TRIA, sec. 102(7). For example, an insurer’s calendar year 2021 Program deductible is 20 percent of its calendar year 2020 direct earned premium. 7 See 84 FR 62450 (November 15, 2019) (Final Rule). 8 The figures from the 2020 and 2019 TRIP data calls (some figures may not add up on account of rounding) were previously reported in the IMARA calculation for calendar year 2021. See 85 FR 83159 (December 21, 2020). Figures from the 2021 TRIP data call were previously reported in FIO’s June 2020 Small Insurer Study, as available at that time and rounded. FIO, Study on the Competitiveness of Small Insurers in the Terrorism Risk Insurance Marketplace (June 2021), 17 (Figure 1), https:// home.treasury.gov/system/files/311/ 2021TRIPSmallInsurerReportJune2021.pdf. The figures from the 2021 TRIP data call as originally reported in June 2020 have been updated to include data received by FIO after the reporting deadline. 9 See note 7. DEPARTMENT OF THE TREASURY Agency Information Collection Activities; Proposed Collection; Comment Request; Coronavirus Economic Relief for Transportation Services. Departmental Offices, U.S. Department of the Treasury. AGENCY: ACTION: Notice. The Department of the Treasury will submit the following information collection request 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. SUMMARY: jspears on DSK121TN23PROD with NOTICES1 DATES: 4 See TRIA, sec. 103(e)(7); see also 31 CFR part 50, subpart J (Recoupment and Surcharge Procedures). 5 In 2015, the IMARA was $29.5 billion; it increased to $31.5 billion in 2016, $33.5 billion in 2017, $35.5 billion in 2018, and $37.5 billion in 2019. See TRIA, sec. 103(e)(6)(B). 6 TRIA, sec. 103(e)(6)(B)(ii) and (e)(6)(C). An insurer’s deductible under the Program for any particular year is 20 percent of its direct earned premium subject to the Program during the VerDate Sep<11>2014 20:50 Dec 22, 2021 Jkt 256001 PO 00000 Frm 00185 Fmt 4703 Sfmt 4703 ADDRESSES: E:\FR\FM\23DEN1.SGM 23DEN1 Federal Register / Vol. 86, No. 244 / Thursday, December 23, 2021 / Notices Appropriations Act, 2021 (the ‘‘Act’’). Division N, Title IV, Subtitle B, Section 421 of the Act provides $2 billion for the U.S. Department of the Treasury (‘‘Treasury’’) to provide grants to eligible providers of transportation services (‘‘Recipients’’) under the Coronavirus Economic Relief for Transportation Services (‘‘CERTS’’) Program. Recipients include motorcoach companies, school bus companies, passenger vessel companies, and pilotage companies. Under Section 421 of the Act, Recipients must demonstrate significant revenue losses as a result of COVID–19, and must use grant funds for payroll costs and for other eligible operating expenses. Forms: Compliance Reporting Forms. Affected Public: Private Sector. Estimated Number of Respondents: 1,460. Frequency of Response: Once, Quarterly. jspears on DSK121TN23PROD with NOTICES1 The complete 2022 Pricing of Numismatic Gold, Commemorative Gold, Platinum, and Palladium Products Grid will be available at https:// catalog.usmint.gov/on/ demandware.static/-/Sites-USM-Library/ default/dw5a13bbe3/images/PDFs/ 2022-Pricing-Grid-v4.pdf. Pricing can vary weekly dependent upon the London Bullion Market Association gold, platinum, and palladium prices weekly average. The pricing for all United States Mint numismatic gold, platinum, and palladium products is evaluated every Wednesday and modified as necessary. Authority: 31 U.S.C. 5111, 5112, & 9701. Eric Anderson, Executive Secretary, United States Mint. [FR Doc. 2021–27807 Filed 12–22–21; 8:45 am] BILLING CODE P VerDate Sep<11>2014 20:50 Dec 22, 2021 Jkt 256001 Estimated Total Number of Annual Responses: 5,840. Estimated Time per Response: 1.5 hours. Estimated Total Annual Burden Hours: 8,760. Authority: 44 U.S.C. 3501 et seq. Dated: December 20, 2021. Molly Stasko, Treasury PRA Clearance Officer. [FR Doc. 2021–27869 Filed 12–22–21; 8:45 am] BILLING CODE 4810–AK–P DEPARTMENT OF THE TREASURY ACTION: Notice. The United States Mint announces 2022 revisions to include an increase in price for the commemorative gold proof three-coin set within the Numismatic Gold, Commemorative Gold, Platinum, and Palladium Products Grid. SUMMARY: Ann Bailey, Numismatic and Bullion Directorate, United States Mint, 801 9th Street NW, Washington, DC 20220, or call 202–354–7500. FOR FURTHER INFORMATION CONTACT: SUPPLEMENTARY INFORMATION: United States Mint 2022 Pricing of Numismatic Gold, Commemorative Gold, Platinum, and Palladium Products Grid An excerpt of the grid with a recent price range for the commemorative gold proof three-coin set appears below: United States Mint, Department of the Treasury. AGENCY: DEPARTMENT OF VETERANS AFFAIRS [OMB Control No. 2900–0679] Agency Information Collection Activity: Certification of Change or Correction of Name Government Life Insurance Veterans Benefits Administration, Department of Veterans Affairs. ACTION: Notice. AGENCY: Veterans Benefits Administration, Department of Veterans Affairs (VA), is announcing an opportunity for public comment on the proposed collection of certain information by the agency. Under the Paperwork Reduction Act (PRA) of 1995, Federal agencies are required to publish notice in the Federal Register concerning each proposed collection of information, including each proposed extension of a currently approved collection, and allow 60 days for public comment in response to the notice. SUMMARY: PO 00000 Frm 00186 Fmt 4703 Sfmt 4703 Written comments and recommendations on the proposed collection of information should be received on or before February 22, 2022. ADDRESSES: Submit written comments on the collection of information through Federal Docket Management System (FDMS) at www.Regulations.gov or to Nancy J. Kessinger, Veterans Benefits Administration (20M33), Department of Veterans Affairs, 810 Vermont Avenue NW, Washington, DC 20420 or email to nancy.kessinger@va.gov. Please refer to ‘‘OMB Control No. 2900–0679’’ in any correspondence. During the comment period, comments may be viewed online through FDMS. FOR FURTHER INFORMATION CONTACT: Maribel Aponte, Office of Enterprise and Integration, Data Governance Analytics (008), 1717 H Street NW, Washington, DC 20006, (202) 266–4688 or email maribel.aponte@va.gov. Please refer to ‘‘OMB Control No. 2900–0679’’ in any correspondence. SUPPLEMENTARY INFORMATION: Under the PRA of 1995, Federal agencies must DATES: E:\FR\FM\23DEN1.SGM 23DEN1 EN23DE21.002</GPH> 73102

Agencies

[Federal Register Volume 86, Number 244 (Thursday, December 23, 2021)]
[Notices]
[Pages 73101-73102]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-27869]


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DEPARTMENT OF THE TREASURY


Agency Information Collection Activities; Proposed Collection; 
Comment Request; Coronavirus Economic Relief for Transportation 
Services.

AGENCY: Departmental Offices, U.S. Department of the Treasury.

ACTION: Notice.

-----------------------------------------------------------------------

SUMMARY: The Department of the Treasury will submit the following 
information collection request 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 must be received on or before January 24, 2022.

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: 
    Title: Coronavirus Economic Relief for Transportation Services.
    OMB Control Number: 1505-0273.
    Type of Review: Extension of a currently approved collection.
    Description: On December 27, 2020, the President signed the 
Consolidated

[[Page 73102]]

Appropriations Act, 2021 (the ``Act''). Division N, Title IV, Subtitle 
B, Section 421 of the Act provides $2 billion for the U.S. Department 
of the Treasury (``Treasury'') to provide grants to eligible providers 
of transportation services (``Recipients'') under the Coronavirus 
Economic Relief for Transportation Services (``CERTS'') Program. 
Recipients include motorcoach companies, school bus companies, 
passenger vessel companies, and pilotage companies. Under Section 421 
of the Act, Recipients must demonstrate significant revenue losses as a 
result of COVID-19, and must use grant funds for payroll costs and for 
other eligible operating expenses.
    Forms: Compliance Reporting Forms.
    Affected Public: Private Sector.
    Estimated Number of Respondents: 1,460.
    Frequency of Response: Once, Quarterly.
    Estimated Total Number of Annual Responses: 5,840.
    Estimated Time per Response: 1.5 hours.
    Estimated Total Annual Burden Hours: 8,760.
    Authority: 44 U.S.C. 3501 et seq.

    Dated: December 20, 2021.
Molly Stasko,
Treasury PRA Clearance Officer.
[FR Doc. 2021-27869 Filed 12-22-21; 8:45 am]
BILLING CODE 4810-AK-P
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