Application and Renewal Fees Imposed on Surety Companies and Reinsuring Companies; Increase in Fees Imposed, 75136 [2022-26608]

Download as PDF ddrumheller on DSK6VXHR33PROD with NOTICES 75136 Federal Register / Vol. 87, No. 234 / Wednesday, December 7, 2022 / Notices IV. Rule Requirements: Paragraph S6.2 of FMVSS No. 205 includes the requirements relevant to this petition. A prime glazing manufacturer marks its glazing with the AS number required by section 7 of ANSI/SAE Z26.1–1996 (incorporated by reference, see § 571.5). V. Summary of Navistar’s Petition: The following views and arguments presented in this section, ‘‘V. Summary of Navistar’s Petition,’’ are the views and arguments provided by Navistar. They have not been evaluated by the Agency and do not reflect the views of the Agency. Navistar describes the subject noncompliance and contends that the noncompliance is inconsequential as it relates to motor vehicle safety. Navistar explains that there is ‘‘no potential safety consequence’’ because the side window glass supplied by Custom Glass Solutions (CGS) in the subject vehicles meets the AS1 requirements as specified by FMVSS No. 205 even though it was incorrectly marked as AS2. Navistar says that other than the incorrect marking, ‘‘the material itself is fully compliant to the standard.’’ Navistar included with its petition the test report confirming that the glazing material itself is actually meeting the requirements of AS1 glazing, and that just the labeling was incorrect. Navistar says that despite the incorrect marking, ‘‘the correct part was sold and shipped to Navistar for use as windshields.’’ According to Navistar, the subject noncompliance ‘‘could not result in the wrong replacement part ordered’’ because the part is ordered using ‘‘its unique part number and not the ‘M number’ (which corresponds to the glass construction from which the part is fabricated.’’ Navistar concludes by stating its belief that the subject noncompliance is inconsequential as it relates to motor vehicle safety and its petition to be exempted from providing notification of the noncompliance, as required by 49 U.S.C. 30118, and a remedy for the noncompliance, as required by 49 U.S.C. 30120, should be granted. NHTSA notes that the statutory provisions (49 U.S.C. 30118(d) and 30120(h)) that permit manufacturers to file petitions for a determination of inconsequentiality allow NHTSA to exempt manufacturers only from the duties found in sections 30118 and 30120, respectively, to notify owners, purchasers, and dealers of a defect or noncompliance and to remedy the defect or noncompliance. Therefore, any decision on this petition only applies to the subject vehicles that Navistar no longer controlled at the time it VerDate Sep<11>2014 19:54 Dec 06, 2022 Jkt 259001 determined that the noncompliance existed. However, any decision on this petition does not relieve vehicle distributors and dealers of the prohibitions on the sale, offer for sale, or introduction or delivery for introduction into interstate commerce of the noncompliant vehicles under their control. (Authority: 49 U.S.C. 30118, 30120: delegations of authority at 49 CFR 1.95 and 501.8) Otto G. Matheke III, Director, Office of Vehicle Safety Compliance. [FR Doc. 2022–26507 Filed 12–6–22; 8:45 am] BILLING CODE 4910–59–P DEPARTMENT OF THE TREASURY Bureau of the Fiscal Service Application and Renewal Fees Imposed on Surety Companies and Reinsuring Companies; Increase in Fees Imposed Bureau of the Fiscal Service, Treasury. ACTION: Notice of fees imposed on Surety Companies and Reinsuring Companies. AGENCY: The Department of the Treasury, Bureau of the Fiscal Service, is increasing the fees it imposes on and collects from surety companies and reinsuring companies, effective January 1, 2023. FOR FURTHER INFORMATION CONTACT: Melvin Saunders, at (304) 480–5108 or melvin.saunders@fiscal.treasury.gov; or Bobbi McDonald, at (304) 480–7098 or bobbi.mcdonald@fiscal.treasury.gov. SUPPLEMENTARY INFORMATION: The Independent Offices Appropriations Act of 1952 (IOAA), codified at 31 U.S.C. 9701, authorizes Federal agencies to establish fees for a service or thing of value provided by the agency to members of the public. Office of Management and Budget Circular A–25 allows agencies to impose user fees for services that confer a special benefit to identifiable recipients beyond those accruing to the general public. Pursuant to 31 CFR 223.22, Treasury imposes fees on surety companies and reinsuring companies seeking to obtain or renew certification or recognition from Treasury. The fees imposed and collected cover the costs incurred by the Government for services performed reviewing, analyzing, and evaluating the companies’ applications, financial statements, and other information. Treasury determines the amount of fees in accordance with the IOAA and the SUMMARY: PO 00000 Frm 00115 Fmt 4703 Sfmt 4703 Office of Management and Budget Circular A–25, as amended. The change in fees is the result of a thorough analysis of costs associated with the corporate federal surety bond program. The new fee rate schedule is as follows: (1) Examination of a company’s application for a Certificate of Authority as an acceptable surety or as an acceptable reinsuring company on Federal bonds: $11,300. (2) Determination of a company’s continued qualification for annual renewal of its Certificate of Authority: $ 7,000. (3) Examination of a company’s application for recognition as an Admitted Reinsurer: $4,100. (4) Determination of a company’s continued qualification for annual renewal of its authority as an Admitted Reinsurer: $2,900. Questions concerning this notice should be directed to the Surety Bond Branch, Special Assets and Liabilities Division, Bureau of the Fiscal Service, Surety Bonds (A–1G), 257 Bosley Industrial Drive, Parkersburg, WV 26106, Telephone (304) 480–6635. Timothy E. Gribben, Commissioner, Bureau of the Fiscal Service. [FR Doc. 2022–26608 Filed 12–6–22; 8:45 am] BILLING CODE 4810–AS–P DEPARTMENT OF THE TREASURY Office of Foreign Assets Control Notice of OFAC Sanctions Actions Office of Foreign Assets Control, Treasury. ACTION: Notice. AGENCY: The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is publishing the names of one or more persons that have been placed on OFAC’s List of Specially Designated Nationals and Blocked Persons (SDN List) based on OFAC’s determination that one or more applicable legal criteria were satisfied. All property and interests in property subject to U.S. jurisdiction of these persons are blocked, and U.S. persons are generally prohibited from engaging in transactions with them. FOR FURTHER INFORMATION CONTACT: OFAC: Andrea Gacki, Director, tel.: 202–622–2490; Associate Director for Global Targeting, tel.: 202–622–2420; Assistant Director for Licensing, tel.: 202–622–2480; Assistant Director for Regulatory Affairs, tel.: 202–622–4855; or the Assistant Director for Sanctions SUMMARY: E:\FR\FM\07DEN1.SGM 07DEN1

Agencies

[Federal Register Volume 87, Number 234 (Wednesday, December 7, 2022)]
[Notices]
[Page 75136]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-26608]


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DEPARTMENT OF THE TREASURY

Bureau of the Fiscal Service


Application and Renewal Fees Imposed on Surety Companies and 
Reinsuring Companies; Increase in Fees Imposed

AGENCY: Bureau of the Fiscal Service, Treasury.

ACTION: Notice of fees imposed on Surety Companies and Reinsuring 
Companies.

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SUMMARY: The Department of the Treasury, Bureau of the Fiscal Service, 
is increasing the fees it imposes on and collects from surety companies 
and reinsuring companies, effective January 1, 2023.

FOR FURTHER INFORMATION CONTACT: Melvin Saunders, at (304) 480-5108 or 
[email protected]; or Bobbi McDonald, at (304) 480-
7098 or [email protected].

SUPPLEMENTARY INFORMATION: The Independent Offices Appropriations Act 
of 1952 (IOAA), codified at 31 U.S.C. 9701, authorizes Federal agencies 
to establish fees for a service or thing of value provided by the 
agency to members of the public. Office of Management and Budget 
Circular A-25 allows agencies to impose user fees for services that 
confer a special benefit to identifiable recipients beyond those 
accruing to the general public. Pursuant to 31 CFR 223.22, Treasury 
imposes fees on surety companies and reinsuring companies seeking to 
obtain or renew certification or recognition from Treasury. The fees 
imposed and collected cover the costs incurred by the Government for 
services performed reviewing, analyzing, and evaluating the companies' 
applications, financial statements, and other information. Treasury 
determines the amount of fees in accordance with the IOAA and the 
Office of Management and Budget Circular A-25, as amended. The change 
in fees is the result of a thorough analysis of costs associated with 
the corporate federal surety bond program.
    The new fee rate schedule is as follows:
    (1) Examination of a company's application for a Certificate of 
Authority as an acceptable surety or as an acceptable reinsuring 
company on Federal bonds: $11,300.
    (2) Determination of a company's continued qualification for annual 
renewal of its Certificate of Authority: $ 7,000.
    (3) Examination of a company's application for recognition as an 
Admitted Reinsurer: $4,100.
    (4) Determination of a company's continued qualification for annual 
renewal of its authority as an Admitted Reinsurer: $2,900.
    Questions concerning this notice should be directed to the Surety 
Bond Branch, Special Assets and Liabilities Division, Bureau of the 
Fiscal Service, Surety Bonds (A-1G), 257 Bosley Industrial Drive, 
Parkersburg, WV 26106, Telephone (304) 480-6635.

Timothy E. Gribben,
Commissioner, Bureau of the Fiscal Service.
[FR Doc. 2022-26608 Filed 12-6-22; 8:45 am]
BILLING CODE 4810-AS-P
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