Agency Information Collection Activities; Proposed Collection; Comment Request; Extension, 3657-3658 [2024-01002]

Download as PDF Federal Register / Vol. 89, No. 13 / Friday, January 19, 2024 / Notices legal basis for the request and must identify the specific portions of the comment to be withheld from the public record. See FTC Rule 4.9(c). Your comment will be kept confidential only if the General Counsel grants your request in accordance with the law and the public interest. Once your comment has been posted publicly at www.regulations.gov, we cannot redact or remove your comment unless you submit a confidentiality request that meets the requirements for such treatment under FTC Rule 4.9(c), and the General Counsel grants that request. The FTC Act and other laws that the Commission administers permit the collection of public comments to consider and use in this proceeding as appropriate. The Commission will consider all timely and responsive public comments that it receives on or before March 19, 2024. For information on the Commission’s privacy policy, including routine uses permitted by the Privacy Act, see https://www.ftc.gov/ site-information/privacy-policy. Josephine Liu, Assistant General Counsel for Legal Counsel. [FR Doc. 2024–01005 Filed 1–18–24; 8:45 am] BILLING CODE 6750–01–P FEDERAL TRADE COMMISSION Agency Information Collection Activities; Proposed Collection; Comment Request; Extension Federal Trade Commission. Notice. AGENCY: ACTION: In accordance with the Paperwork Reduction Act of 1995 (PRA), the Federal Trade Commission (FTC or Commission) is seeking public comment on its proposal to extend for an additional three years the current Paperwork Reduction Act (PRA) clearance for its information collection requirements in the Privacy of Consumer Financial Information Rule (Privacy Rule or Rule). The current clearance expires on January 31, 2024. DATES: Comments must be filed by February 20, 2024. ADDRESSES: Interested parties may file a comment online or on paper, by following the instructions in the Request for Comment part of the SUPPLEMENTARY INFORMATION section below. 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 ddrumheller on DSK120RN23PROD with NOTICES1 SUMMARY: VerDate Sep<11>2014 18:42 Jan 18, 2024 Jkt 262001 ‘‘Currently under 30-day Review—Open for Public Comments’’ or by using the search function. The reginfo.gov web link is a United States Government website produced by the Office of Management and Budget (OMB) and the General Services Administration (GSA). Under PRA requirements, OMB’s Office of Information and Regulatory Affairs (OIRA) reviews Federal information collections. FOR FURTHER INFORMATION CONTACT: Jennifer Rimm, Attorney, Division of Privacy and Identity Protection, Bureau of Consumer Protection, Federal Trade Commission, (202) 326–2277, jrimm@ ftc.gov. Title: Privacy of Consumer Financial Information (Gramm-Leach-Bliley Act Privacy Rule), 16 CFR part 313. OMB Control Number: 3084–0121. Type of Review: Extension without change of currently approved collection. Affected Public: Private Sector: Businesses and other for-profit entities. Abstract: The Privacy Rule is designed to ensure that customers and consumers, subject to certain exceptions, will have access to the privacy policies of the covered financial institutions with which they conduct business—namely, motor vehicle dealers that do not routinely extend credit to consumers directly without assigning the credit to unaffiliated third parties (hereafter, ‘‘motor vehicle dealers’’). As mandated by the Gramm-Leach-Bliley Act (‘‘GLBA’’), 15 U.S.C. 6801–6809, the Rule requires motor vehicle dealers to disclose to consumers: (1) initial notice of the financial institution’s privacy policy when establishing a customer relationship with a consumer and/or before sharing a consumer’s nonpublic personal information with certain nonaffiliated third parties; (2) notice of the consumer’s right to opt out of information sharing with such parties; (3) annual notice of the institution’s privacy policy to any continuing customer; 1 and (4) notice of changes in SUPPLEMENTARY INFORMATION: 1 On December 4, 2015, Congress amended the GLBA as part of the Fixing America’s Surface Transportation Act (‘‘FAST Act’’). This amendment, titled Eliminate Privacy Notice Confusion (FAST Act, Pub. L. 114–94, section 75001) added new GLBA section 503(f). This subsection provides an exception under which financial institutions that meet certain conditions are not required to provide annual privacy notices to customers. Section 503(f) requires that to qualify for this exception, a financial institution must not share nonpublic personal information about customers except as described in certain statutory exceptions, under which sharing does not trigger a customer’s statutory right to opt out of the sharing. In addition, section 503(f)(2) requires that the financial institution must not have changed its policies and PO 00000 Frm 00027 Fmt 4703 Sfmt 4703 3657 the institution’s practices on information sharing. These requirements are subject to the PRA. The Rule does not require recordkeeping. For PRA burden calculations, the FTC shares the PRA burden with the Consumer Financial Protection Bureau (CFPB) for financial institutions over which both agencies have enforcement authority under the CFPB’s regulation corresponding to the Privacy Rule, titled Privacy of Consumer Financial Information (Regulation P), 12 CFR part 1016, and attributes to itself the burden for all motor vehicle dealers. See 12 U.S.C. 5519. Estimated Annual Burden Hours: 1,454,850. Estimated Annual Labor Costs: $35,820,366. Request for Comment On October 18, 2023, the FTC sought public comment on the information collection requirements associated with the Rule. 88 FR 71861. No germane comments were received. Pursuant to the OMB regulations, 5 CFR part 1320, that implement the PRA, 44 U.S.C. 3501 et seq., the FTC is providing this second opportunity for public comment while seeking OMB approval to renew the preexisting clearance for the Rule. Your comment—including your name and your state—will be placed on the public record of this proceeding. Because your comment will be made public, you are solely responsible for making sure that your comment does not include any sensitive personal information, such as anyone’s Social Security number; date of birth; driver’s license number or other state identification number, or foreign country equivalent; passport number; financial account number; or credit or debit card number. You are also solely responsible for making sure that your comment does not include any sensitive health information, such as medical records or other individually identifiable health information. In addition, your comment should not include any ‘‘trade secret or any commercial or financial information which . . . is privileged or confidential’’ —as provided by section 6(f) of the FTC Act, 15 U.S.C. 46(f), and FTC Rule 4.10(a)(2), 16 CFR 4.10(a)(2)— including in particular competitively sensitive information such as costs, practices with regard to disclosing nonpublic personal information from those that the institution disclosed in the most recent privacy notice the customer received. On December 9, 2021, the Privacy Rule was amended at 16 CFR 313.5(e) to incorporate this exception. The amendments were effective January 10, 2022. 86 FR 70020 (Dec. 9, 2021). E:\FR\FM\19JAN1.SGM 19JAN1 3658 Federal Register / Vol. 89, No. 13 / Friday, January 19, 2024 / Notices sales statistics, inventories, formulas, patterns, devices, manufacturing processes, or customer names. Josephine Liu, Assistant General Counsel for Legal Counsel. [FR Doc. 2024–01002 Filed 1–18–24; 8:45 am] BILLING CODE 6750–01–P FEDERAL TRADE COMMISSION Agency Information Collection Activities; Proposed Collection; Comment Request; Extension Federal Trade Commission. Notice. AGENCY: ACTION: In accordance with the Paperwork Reduction Act of 1995 (‘‘PRA’’), the Federal Trade Commission (‘‘FTC’’ or ‘‘Commission’’) is seeking public comment on its proposal to extend for an additional three years the Office of Management and Budget clearance for information collection requirements in the Trade Regulation Rule entitled Power Output Claims for Amplifiers Utilized in Home Entertainment Products (‘‘Amplifier Rule’’ or ‘‘Rule’’). This clearance expires on April 30, 2024. DATES: Comments must be filed by March 19, 2024. ADDRESSES: Interested parties may file a comment online or on paper, by following the instructions in the Request for Comment part of the SUPPLEMENTARY INFORMATION section below. Write ‘‘Amplifier Rule, PRA Comment, P085405,’’ on your comment, and file your comment online at https:// www.regulations.gov by following the instructions on the web-based form. If you prefer to file your comment on paper, mail your comment to the following address: Federal Trade Commission, Office of the Secretary, 600 Pennsylvania Avenue NW, Suite CC–5610 (Annex J), Washington, DC 20580. SUMMARY: ddrumheller on DSK120RN23PROD with NOTICES1 FOR FURTHER INFORMATION CONTACT: Hong Park, Attorney, Division of Enforcement, Bureau of Consumer Protection, Federal Trade Commission, (202) 326–2158, hpark@ftc.gov. SUPPLEMENTARY INFORMATION: Title: Amplifier Rule, 16 CFR part 432. OMB Control Number: 3084–0105. Type of Review: Extension of a currently approved collection. Estimated Annual Hours of Burden: 462 hours (308 testing hours; 154 disclosure hours). Likely Respondents and Estimated Burden: VerDate Sep<11>2014 18:42 Jan 18, 2024 Jkt 262001 (a) Testing—High fidelity manufacturers—308 new products/year × 1 hour each = 308 hours; and (b) Disclosures—High fidelity manufacturers—[(308 new products/ year × 1 specification sheet) + (308 new products/year × 1 brochure)] × 15 minutes per specification sheet or brochure = 154 hours. Frequency of Response: Periodic. Estimated Annual Labor Cost: $28,019 per year ($17,131 for testing + $10,888 for disclosures). Abstract: The Amplifier Rule assists consumers by standardizing the measurement and disclosure of power output and related performance characteristics of amplifiers in stereos and other home entertainment equipment. The Rule also specifies the test conditions necessary to make the disclosures that the Rule requires. As required by section 3506(c)(2)(A) of the PRA, 44 U.S.C. 3506(c)(2)(A), the FTC is providing this opportunity for public comment before requesting that OMB extend the existing clearance for the information collection requirements contained in the Rule. Burden Estimates: Estimated annual hours of burden: 462 hours (308 testing hours; 154 disclosure hours). The Rule’s provisions require manufacturers making certain amplifier power output-related claims to test the power output in accordance with a specified FTC protocol. The Commission staff estimates that approximately 308 new models of covered products 1 (i.e., amplifiers, receivers, and amplifier-integrated devices typically marketed to consumers with amplifier power outputrelated claims) come on the market each year. High fidelity manufacturers routinely conduct performance tests on these new models prior to sale. Because manufacturers conduct such tests, the Rule imposes no additional costs except to the extent that the FTC protocol is more time-consuming than alternative testing procedures. In this regard, a warm-up period that the Rule requires before measurements are taken may add approximately one hour to the time testing would otherwise entail. Thus, staff estimates that the Rule imposes 1 Staff estimates 2,500 models of amplifiers or amplifier-integrated devices are sold in the U.S. each year and that approximately 2,050 models are marketed with amplifier power output-related claims that would subject them to the Rule’s requirements. Of these 2,050 models, staff estimates approximately 80% or 1,640 of the models have nominally new model numbers but only 15% or 308 of the models require new testing and disclosures because the products are either entirely new or have significant changes from their prior iteration. PO 00000 Frm 00028 Fmt 4703 Sfmt 4703 approximately 308 hours (1 hour × 308 new models) of added testing burden annually. In addition, the Rule requires disclosures if a seller makes a triggering power output-related claim for a covered product in an advertisement, specification sheet, or product brochure. This requirement does not impose any additional costs on sellers because, absent the Rule, media advertisements, as well as manufacturer specification sheets and product brochures, would contain a power specification obtained using an alternative to the Rule-required testing protocol. The Rule, however, also requires disclosure of harmonic distortion, power bandwidth, and impedance ratings in manufacturer specification sheets and product brochures that might not otherwise be included. Staff assumes that manufacturers produce one specification sheet and one brochure each year for each new model. The burden of disclosing the harmonic distortion, bandwidth, and impedance information on the specification sheets and brochures is limited to the time needed to draft and review the language pertaining to the aforementioned specifications. Staff estimates the time involved for this task to be a maximum of fifteen minutes (or 0.25 hours) for each new specification sheet or brochure for a total of 154 hours (derived from [(308 new models × 1 specification sheet) + (308 new models × 1 brochure)] × 0.25 hours for each specification sheet or brochure). The total annual burden imposed by the Rule, therefore, is approximately 462 burden hours for testing and disclosures. Estimated annual labor cost burden: $28,019. Generally, electronics engineers perform the testing of amplifiers. Staff estimates a labor cost of $17,131 for such testing (308 hours for testing × $55.62 mean hourly wages). Staff assumes advertising or promotions managers prepare the disclosures contained in product brochures and manufacturer specification sheet and estimates a labor cost of $10,888 (154 hours for disclosures × $70.70 mean hourly wages). Accordingly, staff estimates the total labor costs associated with the Rule to be approximately $28,019 per year ($17,131 for testing + $10,888 for disclosures).2 The Rule imposes no capital or other non-labor costs because its requirements 2 The wage rates for electronics engineers and advertising and promotions managers are based on recent data from the Bureau of Labor Statistics Occupational Employment Statistics Survey at https://www.bls.gov/news.release/ocwage.htm. E:\FR\FM\19JAN1.SGM 19JAN1

Agencies

[Federal Register Volume 89, Number 13 (Friday, January 19, 2024)]
[Notices]
[Pages 3657-3658]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-01002]


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

FEDERAL TRADE COMMISSION


Agency Information Collection Activities; Proposed Collection; 
Comment Request; Extension

AGENCY: Federal Trade Commission.

ACTION: Notice.

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

SUMMARY: In accordance with the Paperwork Reduction Act of 1995 (PRA), 
the Federal Trade Commission (FTC or Commission) is seeking public 
comment on its proposal to extend for an additional three years the 
current Paperwork Reduction Act (PRA) clearance for its information 
collection requirements in the Privacy of Consumer Financial 
Information Rule (Privacy Rule or Rule). The current clearance expires 
on January 31, 2024.

DATES: Comments must be filed by February 20, 2024.

ADDRESSES: Interested parties may file a comment online or on paper, by 
following the instructions in the Request for Comment part of the 
SUPPLEMENTARY INFORMATION section below. 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. The reginfo.gov web link is a United States 
Government website produced by the Office of Management and Budget 
(OMB) and the General Services Administration (GSA). Under PRA 
requirements, OMB's Office of Information and Regulatory Affairs (OIRA) 
reviews Federal information collections.

FOR FURTHER INFORMATION CONTACT: Jennifer Rimm, Attorney, Division of 
Privacy and Identity Protection, Bureau of Consumer Protection, Federal 
Trade Commission, (202) 326-2277, [email protected].

SUPPLEMENTARY INFORMATION: Title: Privacy of Consumer Financial 
Information (Gramm-Leach-Bliley Act Privacy Rule), 16 CFR part 313.
    OMB Control Number: 3084-0121.
    Type of Review: Extension without change of currently approved 
collection.
    Affected Public: Private Sector: Businesses and other for-profit 
entities.
    Abstract:
    The Privacy Rule is designed to ensure that customers and 
consumers, subject to certain exceptions, will have access to the 
privacy policies of the covered financial institutions with which they 
conduct business--namely, motor vehicle dealers that do not routinely 
extend credit to consumers directly without assigning the credit to 
unaffiliated third parties (hereafter, ``motor vehicle dealers''). As 
mandated by the Gramm-Leach-Bliley Act (``GLBA''), 15 U.S.C. 6801-6809, 
the Rule requires motor vehicle dealers to disclose to consumers: (1) 
initial notice of the financial institution's privacy policy when 
establishing a customer relationship with a consumer and/or before 
sharing a consumer's nonpublic personal information with certain 
nonaffiliated third parties; (2) notice of the consumer's right to opt 
out of information sharing with such parties; (3) annual notice of the 
institution's privacy policy to any continuing customer; \1\ and (4) 
notice of changes in the institution's practices on information 
sharing. These requirements are subject to the PRA. The Rule does not 
require recordkeeping. For PRA burden calculations, the FTC shares the 
PRA burden with the Consumer Financial Protection Bureau (CFPB) for 
financial institutions over which both agencies have enforcement 
authority under the CFPB's regulation corresponding to the Privacy 
Rule, titled Privacy of Consumer Financial Information (Regulation P), 
12 CFR part 1016, and attributes to itself the burden for all motor 
vehicle dealers. See 12 U.S.C. 5519.
---------------------------------------------------------------------------

    \1\ On December 4, 2015, Congress amended the GLBA as part of 
the Fixing America's Surface Transportation Act (``FAST Act''). This 
amendment, titled Eliminate Privacy Notice Confusion (FAST Act, Pub. 
L. 114-94, section 75001) added new GLBA section 503(f). This 
subsection provides an exception under which financial institutions 
that meet certain conditions are not required to provide annual 
privacy notices to customers. Section 503(f) requires that to 
qualify for this exception, a financial institution must not share 
nonpublic personal information about customers except as described 
in certain statutory exceptions, under which sharing does not 
trigger a customer's statutory right to opt out of the sharing. In 
addition, section 503(f)(2) requires that the financial institution 
must not have changed its policies and practices with regard to 
disclosing nonpublic personal information from those that the 
institution disclosed in the most recent privacy notice the customer 
received. On December 9, 2021, the Privacy Rule was amended at 16 
CFR 313.5(e) to incorporate this exception. The amendments were 
effective January 10, 2022. 86 FR 70020 (Dec. 9, 2021).
---------------------------------------------------------------------------

    Estimated Annual Burden Hours: 1,454,850.
    Estimated Annual Labor Costs: $35,820,366.

Request for Comment

    On October 18, 2023, the FTC sought public comment on the 
information collection requirements associated with the Rule. 88 FR 
71861. No germane comments were received. Pursuant to the OMB 
regulations, 5 CFR part 1320, that implement the PRA, 44 U.S.C. 3501 et 
seq., the FTC is providing this second opportunity for public comment 
while seeking OMB approval to renew the pre-existing clearance for the 
Rule.
    Your comment--including your name and your state--will be placed on 
the public record of this proceeding. Because your comment will be made 
public, you are solely responsible for making sure that your comment 
does not include any sensitive personal information, such as anyone's 
Social Security number; date of birth; driver's license number or other 
state identification number, or foreign country equivalent; passport 
number; financial account number; or credit or debit card number. You 
are also solely responsible for making sure that your comment does not 
include any sensitive health information, such as medical records or 
other individually identifiable health information. In addition, your 
comment should not include any ``trade secret or any commercial or 
financial information which . . . is privileged or confidential'' --as 
provided by section 6(f) of the FTC Act, 15 U.S.C. 46(f), and FTC Rule 
4.10(a)(2), 16 CFR 4.10(a)(2)--including in particular competitively 
sensitive information such as costs,

[[Page 3658]]

sales statistics, inventories, formulas, patterns, devices, 
manufacturing processes, or customer names.

Josephine Liu,
Assistant General Counsel for Legal Counsel.
[FR Doc. 2024-01002 Filed 1-18-24; 8:45 am]
BILLING CODE 6750-01-P
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.