Agency Information Collection Activities; Proposed Collection; Comment Request; Provisions Pertaining to Certain Investments in the United States by Foreign Persons and Provisions Pertaining to Certain Transactions by Foreign Persons Involving Real Estate in the United States, 72592-72593 [2022-25707]
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72592
Federal Register / Vol. 87, No. 226 / Friday, November 25, 2022 / Notices
substitute agent, pursuant to Treas. Reg.
§ 1.1502–77. The Commissioner will
use the information to determine
whether to approve the designation of
the substitute agent (if approval is
required) and to change the IRS’s
records to reflect the information about
the substitute agent.
Current Actions: There are no changes
to the paperwork burden previously
approved by OMB.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations.
Estimated Number of Responses: 200.
Estimated Time per Response: 2
hours.
Estimated Total Annual Burden
Hours: 400.
7. Title: Golden Parachute Payments.
OMB Number: 1545–1851.
Form Number: T.D. 9083.
Abstract: These regulations deny a
deduction for excess parachute
payments. A parachute payment is
payment compensation to a disqualified
individual that is contingent on a
change in ownership or control of a
corporation. Certain payments,
including payments from a small
corporation, are exempt from the
definition of parachute payment if
certain requirements are met (such as
shareholder approval and disclosure
requirements).
Current Actions: There is no change to
the paperwork burden previously
approved by OMB.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations.
Estimated Number of Respondents:
800.
Estimated Time per Respondent: 15
hours.
Estimated Total Annual Burden
Hours: 12,000 hours.
8. Title: Timely Mailing Treated as
Timely Filing.
OMB Number: 1545–1899.
Form Number: T.D. 9543 and Revenue
Procedure 97–19.
Abstract: This information collection
contains regulations that provide
guidance as to the only ways to
establish prima facie evidence of
delivery of documents that have a filing
deadline prescribed by the internal
revenue laws, absent direct proof of
actual delivery. The regulations are
necessary to provide greater certainty on
this issue and to provide specific
guidance. The regulations affect
taxpayers who mail Federal tax
documents to the Internal Revenue
Service or the United States Tax Court.
Revenue Procedure 97–19 provides the
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18:43 Nov 23, 2022
Jkt 259001
criteria that will be used by the IRS to
determine whether a private delivery
service qualifies as a designated Private
Delivery Service under section 7502 of
the Internal Revenue Code.
Current Actions: There is no change to
the paperwork burden previously
approved by OMB.
Type of Review: Extension of a
currently approved collection.
Affected Public: Individuals or
households, business or other for-profit
organizations, not-for-profit institutions,
farms, Federal Government, and State,
local, or Tribal government.
The estimated burden related to
Revenue Procedure 97–19:
Estimated Number of Responses: 14.
Estimated Time per Response: 60
hours, 54 minutes.
Estimated Total Annual Burden
Hours: 853.
The estimated related to T.D. 9543:
Estimated Number of Responses:
10,847,647.
Estimated Time per Response: 6
minutes.
Estimated Total Annual Burden
Hours: 1,084,765.
Total Estimated Number of
Respondents: 10,847,661.
Total Estimated Total Annual Burden
Hours: 1,085,618 hours.
Authority: 44 U.S.C. 3501 et seq.
Melody Braswell,
Treasury PRA Clearance Officer.
[FR Doc. 2022–25705 Filed 11–23–22; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Agency Information Collection
Activities; Proposed Collection;
Comment Request; Provisions
Pertaining to Certain Investments in
the United States by Foreign Persons
and Provisions Pertaining to Certain
Transactions by Foreign Persons
Involving Real Estate in the United
States
Departmental Offices,
Department of the Treasury.
ACTION: Notice of information collection;
request for comment.
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
the proposed information collections
listed below, in accordance with the
Paperwork Reduction Act of 1995.
DATES: Comments should be received on
or before December 27, 2022 to be
assured of consideration.
SUMMARY:
PO 00000
Frm 00151
Fmt 4703
Sfmt 4703
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.
Copies of the submissions may be
obtained from Melody Braswell by
emailing PRA@treasury.gov, calling
(202) 622–1035, or viewing the entire
information collection request at
www.reginfo.gov.
ADDRESSES:
SUPPLEMENTARY INFORMATION:
Title: Provisions Pertaining to Certain
Investments in the United States by
Foreign Persons and Provisions
Pertaining to Certain Transactions by
Foreign Persons Involving Real Estate in
the United States.
OMB Control Number: 1505–0121.
Type of Review: Extension without
change of a currently approved
collection.
Description: Section 721 of the
Defense Production Act of 1950, as
amended (section 721), provides the
President, acting through the Committee
on Foreign Investment in the United
States (CFIUS or the Committee),
authority to review certain foreign
investments in the United States in
order to determine the effects of those
transactions on the national security of
the United States. In August 2018,
section 721 was amended by the Foreign
Investment Risk Review Modernization
Act of 2018 (FIRRMA), Subtitle A of
Title XVII, Public Law 115–232, 132
Stat. 2173 (Aug. 13, 2018). FIRRMA
maintains CFIUS’s jurisdiction over any
merger, acquisition, or takeover that
could result in foreign control of any
U.S. business, and broadens the
authorities of the President and CFIUS
under section 721 to review and take
action to address any national security
concerns arising from certain noncontrolling investments and certain real
estate transactions involving foreign
persons.
Executive Order 13456, 73 FR 4677
(Jan. 23, 2008), directs the Secretary of
the Treasury to issue regulations
implementing section 721. The
Department of the Treasury issued final
regulations (85 FR 3112 and 85 FR 3158)
on January 17, 2020, and subsequent
amendments to the final regulations in
2020 and 2022 (85 FR 8747, 85 FR
45311, 85 FR 57124, and 87 FR 731),
implementing FIRRMA, including
information collections related to
notices and declarations filed with or
submitted to the Committee regarding
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Federal Register / Vol. 87, No. 226 / Friday, November 25, 2022 / Notices
transactions that could result in foreign
control of a U.S. business, certain noncontrolling investments and certain real
estate transactions involving foreign
persons.
The Department of the Treasury
maintains a CFIUS Case Management
System, featuring an online public
portal for external parties to submit
declarations and file notices with CFIUS
in a standard form. Use of this online
system is mandatory for all CFIUS
submissions and filings.
Form Number: None.
Affected Public: Individuals and
entities.
Estimated Number of Respondents:
1,100.
Frequency of Response: On occasion.
Estimated Total Number of Annual
Responses: 1,100.
Estimated Time per Response: Varies
from 15–20 hours per declaration and
116–130 hours per notice.
Estimated Total Annual Burden
Hours: 57,400.
Request for Comments: Comments
submitted in response to this notice will
be summarized and included in the
request for Office of Management and
Budget 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 shall have
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 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.
Melody Braswell,
Treasury PRA Clearance Officer.
[FR Doc. 2022–25707 Filed 11–23–22; 8:45 am]
BILLING CODE 4810–AK–P
khammond on DSKJM1Z7X2PROD with NOTICES
DEPARTMENT OF THE TREASURY
Agency Information Collection
Activities; Submission for OMB
Review; Comment Request;
Departmental Offices Information
Collection Requests
Departmental Offices, U.S.
Department of the Treasury.
ACTION: Notice.
AGENCY:
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18:43 Nov 23, 2022
Jkt 259001
The Department of the
Treasury will submit the following
information collection requests 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 should be received on
or before December 27, 2022 to be
assured of consideration.
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.
Copies of the submissions may be
obtained from Melody Braswell by
emailing PRA@treasury.gov, calling
(202) 622–1035, or viewing the entire
information collection request at
www.reginfo.gov.
SUPPLEMENTARY INFORMATION:
Title: Emergency Capital Investment
Program Initial Supplemental Report
and Quarterly Supplemental Report.
OMB Control Number: 1505–0275.
Type of Review: Revision of a
currently approved collection.
Description: Authorized by the
Consolidated Appropriations Act, 2021,
the Emergency Capital Investment
Program (ECIP) was created to
encourage low- and moderate-income
community financial institutions to
augment their efforts to support small
businesses and consumers in their
communities.
Under the program, Treasury will
provide approximately $8.75 billion in
capital directly to depository
institutions that are certified
Community Development Financial
Institutions (CDFIs) or minority
depository institutions (MDIs) to, among
other things, provide loans, grants, and
forbearance for small businesses,
minority-owned businesses, and
consumers, especially in low-income
and underserved communities, that may
be disproportionately impacted by the
economic effects of the COVID–19
pandemic.
ECIP capital is eligible for a reduction
in the dividend or interest rate payable
on the instruments depending on the
increase in lending by the recipients of
the capital (Recipients) within minority,
rural, and urban low-income and
underserved communities and to lowand moderate-income borrowers over a
SUMMARY:
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Fmt 4703
Sfmt 4703
72593
baseline amount of lending. Recipients
are required to submit an Initial
Supplemental Report and quarterly
reports to determine their increase in
lending to the specified targeted
communities over the baseline and
therefore their qualification for rate
reductions on the dividend or interest
rates payable on the ECIP instruments.
In addition, these reports will collect
data necessary for Treasury and other
oversight bodies to evaluate program
outcomes over time.
Treasury uses the Initial
Supplemental Report to establish a
baseline amount of qualified lending.
Treasury proposes to continue use of
this form to collect additional or
restated data on a Recipient’s amount of
baseline lending, such as in connection
with mergers, acquisitions, or other
business combinations. Instructions
may be modified from time to time to
accommodate these uses.
Treasury proposes to use the
Quarterly Supplemental Report to
collect the information required to
establish a Recipient’s increase in
lending. The Quarterly Supplemental
Report has two components: (1)
schedules which must be completed
each quarter that collect data on activity
for the preceding quarter and (2)
schedules that collect data on the
preceding four quarters of activity that
are submitted annually. There are
separate schedules and instructions for
insured depository institutions, bank
holding companies, and savings and
loan holding companies; and credit
unions.
Quarterly Report Schedules:
Recipients of ECIP investments will be
required to submit two schedules on a
quarterly basis. Schedule A—Summary
Qualified Lending is used to collect the
Qualified Lending and Deep Impact
Lending, as defined in the Glossary in
the Instructions to the Quarterly
Supplemental Report, of a Recipient for
a given quarter. Schedule A is therefore
used to establish the growth in a
Recipient’s Qualified Lending over its
baseline Qualified Lending for the
purposes of calculating the payment rate
on the ECIP preferred shares or
subordinated debt issued by the
Recipient. Schedule B—Disaggregated
Qualified Lending is used to present
further detail on the composition of the
Participant’s Qualified and Deep Impact
Lending.
Annual Report Schedules: Annually,
Recipients will report on up to ten (10)
additional schedules, depending on the
origination activity that took place
during the prior year. Schedule C—
Additional Demographic Data on
Qualified Lending collects additional
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]]>Agencies
[Federal Register Volume 87, Number 226 (Friday, November 25, 2022)]
[Notices]
[Pages 72592-72593]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-25707]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Agency Information Collection Activities; Proposed Collection;
Comment Request; Provisions Pertaining to Certain Investments in the
United States by Foreign Persons and Provisions Pertaining to Certain
Transactions by Foreign Persons Involving Real Estate in the United
States
AGENCY: Departmental Offices, Department of the Treasury.
ACTION: Notice of information collection; request for comment.
-----------------------------------------------------------------------
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 the proposed
information collections listed below, in accordance with the Paperwork
Reduction Act of 1995.
DATES: Comments should be received on or before December 27, 2022 to be
assured of consideration.
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.
Copies of the submissions may be obtained from Melody Braswell by
emailing [email protected], calling (202) 622-1035, or viewing the
entire information collection request at www.reginfo.gov.
SUPPLEMENTARY INFORMATION:
Title: Provisions Pertaining to Certain Investments in the United
States by Foreign Persons and Provisions Pertaining to Certain
Transactions by Foreign Persons Involving Real Estate in the United
States.
OMB Control Number: 1505-0121.
Type of Review: Extension without change of a currently approved
collection.
Description: Section 721 of the Defense Production Act of 1950, as
amended (section 721), provides the President, acting through the
Committee on Foreign Investment in the United States (CFIUS or the
Committee), authority to review certain foreign investments in the
United States in order to determine the effects of those transactions
on the national security of the United States. In August 2018, section
721 was amended by the Foreign Investment Risk Review Modernization Act
of 2018 (FIRRMA), Subtitle A of Title XVII, Public Law 115-232, 132
Stat. 2173 (Aug. 13, 2018). FIRRMA maintains CFIUS's jurisdiction over
any merger, acquisition, or takeover that could result in foreign
control of any U.S. business, and broadens the authorities of the
President and CFIUS under section 721 to review and take action to
address any national security concerns arising from certain non-
controlling investments and certain real estate transactions involving
foreign persons.
Executive Order 13456, 73 FR 4677 (Jan. 23, 2008), directs the
Secretary of the Treasury to issue regulations implementing section
721. The Department of the Treasury issued final regulations (85 FR
3112 and 85 FR 3158) on January 17, 2020, and subsequent amendments to
the final regulations in 2020 and 2022 (85 FR 8747, 85 FR 45311, 85 FR
57124, and 87 FR 731), implementing FIRRMA, including information
collections related to notices and declarations filed with or submitted
to the Committee regarding
[[Page 72593]]
transactions that could result in foreign control of a U.S. business,
certain non-controlling investments and certain real estate
transactions involving foreign persons.
The Department of the Treasury maintains a CFIUS Case Management
System, featuring an online public portal for external parties to
submit declarations and file notices with CFIUS in a standard form. Use
of this online system is mandatory for all CFIUS submissions and
filings.
Form Number: None.
Affected Public: Individuals and entities.
Estimated Number of Respondents: 1,100.
Frequency of Response: On occasion.
Estimated Total Number of Annual Responses: 1,100.
Estimated Time per Response: Varies from 15-20 hours per
declaration and 116-130 hours per notice.
Estimated Total Annual Burden Hours: 57,400.
Request for Comments: Comments submitted in response to this notice
will be summarized and included in the request for Office of Management
and Budget 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 shall have 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 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.
Melody Braswell,
Treasury PRA Clearance Officer.
[FR Doc. 2022-25707 Filed 11-23-22; 8:45 am]
BILLING CODE 4810-AK-P
