Notice of Subscription Tier Structure Change for Our Electronic Consent Based Social Security Number Verification Service, 27472-27473 [2024-08152]
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Federal Register / Vol. 89, No. 75 / Wednesday, April 17, 2024 / Notices
has represented that it has an adequate
surveillance program in place to detect
manipulative trading in Tuesday IWM
Expirations and Thursday IWM
Expirations.17 The Exchange further
states that it has the necessary systems
capacity to support the new options
series.18 The Exchange also states that it
has not experienced any market
disruptions nor issues with capacity
with trading Short Term Option Series
that expire on Tuesdays and Thursdays
for SPY and QQQ.19
Accordingly, the Commission finds
that the proposed rule change is
consistent with Section 6(b)(5) of the
Act 20 and the rules and regulations
thereunder applicable to a national
securities exchange.
IV. Conclusion
It is therefore ordered, pursuant to
Section 19(b)(2) of the Act,21 that the
proposed rule change (SR–ISE–2024–06)
be, and hereby is, approved.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.22
Vanessa A. Countryman,
Secretary.
[FR Doc. 2024–08092 Filed 4–16–24; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[SEC File No. 270–613, OMB Control No.
3235–0712]
lotter on DSK11XQN23PROD with NOTICES1
Proposed Collection; Comment
Request; Extension: Credit Risk
Retention—Regulation RR
Upon Written Request Copies Available
From: Securities and Exchange
Commission, Office of FOIA Services,
100 F Street NE, Washington, DC
20549–2736
Notice is hereby given that, pursuant
to the Paperwork Reduction Act of 1995
(44 U.S.C. 3501 et seq.), the Securities
and Exchange Commission
(‘‘Commission’’) is soliciting comments
on the collection of information
summarized below. The Commission
plans to submit this existing collection
of information to the Office of
Management and Budget for extension
and approval.
Credit Risk Retention (‘‘Regulation
RR’’) (17 CFR 246.1 through 246.22)
recordkeeping and disclosure
17 See
Notice, supra note 3 at 15239.
id.
19 See Notice, supra note 3 at 15237.
20 15 U.S.C. 78f(b)(5).
21 15 U.S.C. 78s(b)(2).
22 17 CFR 200.30–3(a)(12).
18 See
VerDate Sep<11>2014
17:10 Apr 16, 2024
Jkt 262001
requirements implement Section 15G of
the Securities Exchange Act of 1934 (15
U.S.C. 78o–11) Section 15G clarifies the
scope and application of Section 306(a)
of the Sarbanes-Oxley Act of 2002 (15
U.S.C. 7244(a)). Section 306(a) of the
Sarbanes-Oxley Act requires, among
other things, an issuer to provide timely
notice to its directors and executive
officers and to the Commission of the
imposition of a blackout period that
would trigger a trading prohibition
under Section 306(a)(1) of the SarbanesOxley Act. Section 306(a)(1) prohibits
any director or executive officer of an
issuer of any equity security, from
directly or indirectly, purchasing,
selling, or otherwise acquiring or
transferring any equity security of that
issuer during the blackout period with
respect to such equity security if the
director or executive officer acquired
the equity security in connection with
his or her service or employment.
Approximately 1,647 issuers file using
Regulation RR responses and it takes
approximately 14.389 hours per
response. We estimate that 75% of the
14.389 hours per response (10.792 per
response hours) is prepared by the
registrant for a total annual reporting
burden of 17,774 hours (10.792 hours
per response × 1,647 responses).
Written comments are invited on: (a)
whether this proposed collection of
information is necessary for the proper
performance of the functions of the
agency, including whether the
information will have practical utility;
(b) the accuracy of the agency’s estimate
of the burden imposed by the collection
of information; (c) ways to enhance the
quality, utility, and clarity of the
information collected; and (d) ways to
minimize the burden of the collection of
information on respondents, including
through the use of automated collection
techniques or other forms of information
technology. Consideration will be given
to comments and suggestions submitted
in writing within 60 days of this
publication by June 17, 2024.
An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
unless it displays a currently valid
control number.
Please direct your written comment to
David Bottom, Director/Chief
Information Officer, Securities and
Exchange Commission, c/o John
Pezzullo, 100 F Street NE, Washington,
DC 20549 or send an email to: PRA_
Mailbox@sec.gov.
PO 00000
Frm 00067
Fmt 4703
Sfmt 4703
Dated: April 11, 2024.
Vanessa A. Countryman,
Secretary.
[FR Doc. 2024–08097 Filed 4–16–24; 8:45 am]
BILLING CODE 8011–01–P
SOCIAL SECURITY ADMINISTRATION
[Docket No. SSA 2024–0008]
Notice of Subscription Tier Structure
Change for Our Electronic Consent
Based Social Security Number
Verification Service
Social Security Administration.
Notice of subscription tier
structure change.
AGENCY:
ACTION:
The Social Security
Administration (SSA) is announcing a
revision in the upper transactions limit
to the upper subscription tier for the
electronic Consent Based Social
Security Number (SSN) Verification
(eCBSV) service. In accordance with
statutory requirements, a permitted
entity (PE) is required to provide
payment to reimburse SSA for the
development and support of the eCBSV
system.
DATES: Applicability date for
subscription tier structure change: The
revised subscription tier structure will
go into effect for subscription payments
made on or after April 22, 2024.
SUPPLEMENTARY INFORMATION: Section
215 of the Economic Growth, Regulatory
Relief, and Consumer Protection Act 1
(the Banking Bill) directed SSA to
modify or develop a database for
accepting and comparing fraud
protection data 2 provided electronically
by a PE.3 In response to this statutory
directive, SSA created eCBSV, a feebased SSN verification service. eCBSV
allows PEs to submit, based on the
number holder’s consent,4 the SSN,
SUMMARY:
1 Public
Law 115–174, codified at 42 U.S.C. 405b.
Banking Bill defines ‘‘Fraud Protection
Data’’ to mean a combination of an individual’s
name (including the first name and any family
forename or surname), SSN, and date of birth
(including month, day, and year). Public Law 115–
174, title II, 215(b)(3), codified at 42 U.S.C.
405b(b)(3).
3 The Banking Bill defines a ‘‘permitted entity’’ to
mean a financial institution or service provider,
subsidiary, affiliate, agent, subcontractor, or
assignee of a financial institution. Public Law 115–
174, title II, 215(b)(4), codified at 42 U.S.C.
405b(b)(4). They must possess an Employer
Identification Number and a Dun and Bradstreet
number.
4 Under the eCBSV User Agreement, valid Written
Consent must meet the requirements of applicable
Federal law, SSA’s regulations, and section IV of
the eCBSV User Agreement. Valid Written consent
must include a wet or electronic signature. Section
IV A.1. eCBSV User Agreement. Electronic
signatures must meet the definition in section 106
2 The
E:\FR\FM\17APN1.SGM
17APN1
Federal Register / Vol. 89, No. 75 / Wednesday, April 17, 2024 / Notices
name, and date of birth of the number
holder in connection with a credit
transaction or a circumstance described
in section 604 of the Fair Credit
Reporting Act to SSA for verification via
an application programming interface.
Each PE must submit a certification
statement 5 that the PE is in compliance
with the Banking Bill as part of their
application to SSA.
SSA revised the subscription tier
structure for eCBSV in 2023.6 Based on
feedback from PEs, we are increasing
the upper limit on Tier 10 transactions
from 75 million to 200 million
transactions. All fees and other
subscription tiers remain unchanged.
Fees
The public cost burden is dependent
upon the number of PEs using the
service and the annual transaction
volume. We based the revised tier fee
schedule below on 20 participating PEs
in fiscal year (FY) 2024 submitting an
27473
anticipated volume of 52 million
transactions. The total cost for
developing and operating the service is
$62 million through FY 2023. Of this
amount, $37 million remains
unrecovered/unreimbursed. The
subscription tier structure and
associated fees are intended to recover
these costs over a four-year period,
assuming projected enrollments and
transaction volumes meet these
projections.
eCBSV TIER FEE SCHEDULE
Tier
1 .................
2 .................
3 .................
4 .................
5 .................
6 .................
7 .................
8 .................
9 .................
10 ...............
Annual volume threshold
Up
Up
Up
Up
Up
Up
Up
Up
Up
Up
to
to
to
to
to
to
to
to
to
to
10,000 (1–10,000) .............................................................................................................................................
200,000 (10,001–200,000) ................................................................................................................................
1 million (200,001–1 million) .............................................................................................................................
2.5 million (1,000,001–2.5 million) ....................................................................................................................
5 million (2,500,001–5 million) ..........................................................................................................................
10 million (5,000,001–10 million) ......................................................................................................................
15 million (10,000,001–15 million) ....................................................................................................................
20 million (15,000,001–20 million) ....................................................................................................................
25 million (20,000,001–25 million) ....................................................................................................................
200 million (25,000,001–200 million) ................................................................................................................
lotter on DSK11XQN23PROD with NOTICES1
Each enrolled PE will be required to
remit the above tier-based subscription
fee for the 365-day agreement period
starting on or after April 22, 2024.
Fees are calculated based on
forecasted systems and operational
expenses, agency oversight, overhead,
and Certified Public Accountant audit
contract costs.
Section 215(h)(1)(B) of the Banking
Bill, 42 U.S.C. 405b(h), requires that the
Commissioner shall ‘‘periodically
adjust’’ the price paid by users to ensure
that amounts collected are sufficient to
fully offset the costs of administering
the eCBSV system. On at least an annual
basis, SSA will monitor costs incurred
to provide eCBSV services and will
revise the tier fee schedule accordingly.
We will notify PEs of the tier fee
schedule in effect at the renewal of
eCBSV user agreements, when a PE
begins a new 365-day agreement period,
and via notice in the Federal Register.
PE renewals will be governed by the tier
in effect at the time of renewal.
For further information contact
Christopher David, Office of Data
Exchange, Policy Publications, and
International Negotiations, Social
Security Administration, 6401 Security
Boulevard, Baltimore, Maryland 21235–
of the Electronic Signatures in Global and National
Commerce Act (15 U.S.C. 7006). 42 U.S.C.
405b(f)(2); section IV. E. eCBSV User Agreement.
The written consent must clearly specify to whom
the information may be disclosed, the information
you want us to disclose (e.g., SSN verification) and,
where applicable, during which timeframe the
information may be disclosed (e.g., whenever the
VerDate Sep<11>2014
Annual fee
17:10 Apr 16, 2024
Jkt 262001
6401, (866) 395–8801, email eCBSV@
ssa.gov. For information on eligibility or
filing for benefits, call SSA’s national
toll-free number, 1–800–772–1213 or
TTY 1–800–325–0778, or visit SSA’s
internet site, Social Security Online, at
https://www.socialsecurity.gov.
Chad Poist,
Deputy Commissioner, Office of Budget,
Finance, and Management, Social Security
Administration.
[FR Doc. 2024–08152 Filed 4–16–24; 8:45 am]
$7,000
130,000
630,000
1,500,000
3,000,000
4,500,000
5,000,000
6,250,000
7,250,000
8,250,000
authorization to return to Earth unless
the reentry vehicle operator has
obtained the appropriate reentry
authorization.
DATES:
Applicable April 17, 2024.
Mr.
Stephen Earle, Manager, Space Policy
and Outreach Branch, (202) 267–8379.
SUPPLEMENTARY INFORMATION:
FOR FURTHER INFORMATION CONTACT:
I. Background
This action provides notice
that in general, the FAA will not
authorize launch of a reentry vehicle as
a payload that will require a reentry
The Commercial Space Launch Act of
1984, as codified and amended at 51
U.S.C.—Commercial Space
Transportation, chapter 509,
Commercial Space Launch Activities, 51
U.S.C. 50901–50923 (the Act),
authorizes the DOT and the FAA,
through delegations, to oversee, license,
and regulate commercial launch and
reentry activities, and the operation of
launch and reentry sites as carried out
by United States (U.S.) citizens or
within the U.S. Consistent with the
authority conferred under 51 U.S.C.
chapter 509, the FAA reviews payloads
to be launched or reentered under an
FAA license to determine the effect of
the payload’s launch or reentry on
public health and safety, safety of
property, U.S. national security or
subject individual is receiving specific services). 20
CFR 401.100.
5 The permitted entity must certify that (1) the
entity is a permitted entity; (2) the entity is in
compliance with section 215; (3) the entity is, and
will remain, in compliance with its privacy and
data security requirements in title V of 15 U.S.C.
6801, et seq., with respect to the information the
entity receives from the Commissioner of Social
Security pursuant to this section; and (4) the entity
will retain sufficient records to demonstrate its
compliance with its certification and section 215 for
a period of not less than 2 years. 42 U.S.C.
405b(e)(1)–(3).
6 88 FR 29959 (May 9, 2023).
BILLING CODE 4191–02–P
DEPARTMENT OF TRANSPORTATION
Federal Aviation Administration
Launch of a Reentry Vehicle as a
Payload That Requires a Reentry
Authorization To Return to Earth
Federal Aviation
Administration (FAA), Department of
Transportation (DOT).
ACTION: Notice.
AGENCY:
SUMMARY:
PO 00000
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17APN1
]]>Agencies
[Federal Register Volume 89, Number 75 (Wednesday, April 17, 2024)]
[Notices]
[Pages 27472-27473]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-08152]
=======================================================================
-----------------------------------------------------------------------
SOCIAL SECURITY ADMINISTRATION
[Docket No. SSA 2024-0008]
Notice of Subscription Tier Structure Change for Our Electronic
Consent Based Social Security Number Verification Service
AGENCY: Social Security Administration.
ACTION: Notice of subscription tier structure change.
-----------------------------------------------------------------------
SUMMARY: The Social Security Administration (SSA) is announcing a
revision in the upper transactions limit to the upper subscription tier
for the electronic Consent Based Social Security Number (SSN)
Verification (eCBSV) service. In accordance with statutory
requirements, a permitted entity (PE) is required to provide payment to
reimburse SSA for the development and support of the eCBSV system.
DATES: Applicability date for subscription tier structure change: The
revised subscription tier structure will go into effect for
subscription payments made on or after April 22, 2024.
SUPPLEMENTARY INFORMATION: Section 215 of the Economic Growth,
Regulatory Relief, and Consumer Protection Act \1\ (the Banking Bill)
directed SSA to modify or develop a database for accepting and
comparing fraud protection data \2\ provided electronically by a PE.\3\
In response to this statutory directive, SSA created eCBSV, a fee-based
SSN verification service. eCBSV allows PEs to submit, based on the
number holder's consent,\4\ the SSN,
[[Page 27473]]
name, and date of birth of the number holder in connection with a
credit transaction or a circumstance described in section 604 of the
Fair Credit Reporting Act to SSA for verification via an application
programming interface. Each PE must submit a certification statement
\5\ that the PE is in compliance with the Banking Bill as part of their
application to SSA.
---------------------------------------------------------------------------
\1\ Public Law 115-174, codified at 42 U.S.C. 405b.
\2\ The Banking Bill defines ``Fraud Protection Data'' to mean a
combination of an individual's name (including the first name and
any family forename or surname), SSN, and date of birth (including
month, day, and year). Public Law 115-174, title II, 215(b)(3),
codified at 42 U.S.C. 405b(b)(3).
\3\ The Banking Bill defines a ``permitted entity'' to mean a
financial institution or service provider, subsidiary, affiliate,
agent, subcontractor, or assignee of a financial institution. Public
Law 115-174, title II, 215(b)(4), codified at 42 U.S.C. 405b(b)(4).
They must possess an Employer Identification Number and a Dun and
Bradstreet number.
\4\ Under the eCBSV User Agreement, valid Written Consent must
meet the requirements of applicable Federal law, SSA's regulations,
and section IV of the eCBSV User Agreement. Valid Written consent
must include a wet or electronic signature. Section IV A.1. eCBSV
User Agreement. Electronic signatures must meet the definition in
section 106 of the Electronic Signatures in Global and National
Commerce Act (15 U.S.C. 7006). 42 U.S.C. 405b(f)(2); section IV. E.
eCBSV User Agreement. The written consent must clearly specify to
whom the information may be disclosed, the information you want us
to disclose (e.g., SSN verification) and, where applicable, during
which timeframe the information may be disclosed (e.g., whenever the
subject individual is receiving specific services). 20 CFR 401.100.
\5\ The permitted entity must certify that (1) the entity is a
permitted entity; (2) the entity is in compliance with section 215;
(3) the entity is, and will remain, in compliance with its privacy
and data security requirements in title V of 15 U.S.C. 6801, et
seq., with respect to the information the entity receives from the
Commissioner of Social Security pursuant to this section; and (4)
the entity will retain sufficient records to demonstrate its
compliance with its certification and section 215 for a period of
not less than 2 years. 42 U.S.C. 405b(e)(1)-(3).
---------------------------------------------------------------------------
SSA revised the subscription tier structure for eCBSV in 2023.\6\
Based on feedback from PEs, we are increasing the upper limit on Tier
10 transactions from 75 million to 200 million transactions. All fees
and other subscription tiers remain unchanged.
---------------------------------------------------------------------------
\6\ 88 FR 29959 (May 9, 2023).
---------------------------------------------------------------------------
Fees
The public cost burden is dependent upon the number of PEs using
the service and the annual transaction volume. We based the revised
tier fee schedule below on 20 participating PEs in fiscal year (FY)
2024 submitting an anticipated volume of 52 million transactions. The
total cost for developing and operating the service is $62 million
through FY 2023. Of this amount, $37 million remains unrecovered/
unreimbursed. The subscription tier structure and associated fees are
intended to recover these costs over a four-year period, assuming
projected enrollments and transaction volumes meet these projections.
eCBSV Tier Fee Schedule
------------------------------------------------------------------------
Tier Annual volume threshold Annual fee
------------------------------------------------------------------------
1.............................. Up to 10,000 (1-10,000) $7,000
2.............................. Up to 200,000 (10,001- 130,000
200,000).
3.............................. Up to 1 million 630,000
(200,001-1 million).
4.............................. Up to 2.5 million 1,500,000
(1,000,001-2.5
million).
5.............................. Up to 5 million 3,000,000
(2,500,001-5 million).
6.............................. Up to 10 million 4,500,000
(5,000,001-10 million).
7.............................. Up to 15 million 5,000,000
(10,000,001-15
million).
8.............................. Up to 20 million 6,250,000
(15,000,001-20
million).
9.............................. Up to 25 million 7,250,000
(20,000,001-25
million).
10............................. Up to 200 million 8,250,000
(25,000,001-200
million).
------------------------------------------------------------------------
Each enrolled PE will be required to remit the above tier-based
subscription fee for the 365-day agreement period starting on or after
April 22, 2024.
Fees are calculated based on forecasted systems and operational
expenses, agency oversight, overhead, and Certified Public Accountant
audit contract costs.
Section 215(h)(1)(B) of the Banking Bill, 42 U.S.C. 405b(h),
requires that the Commissioner shall ``periodically adjust'' the price
paid by users to ensure that amounts collected are sufficient to fully
offset the costs of administering the eCBSV system. On at least an
annual basis, SSA will monitor costs incurred to provide eCBSV services
and will revise the tier fee schedule accordingly. We will notify PEs
of the tier fee schedule in effect at the renewal of eCBSV user
agreements, when a PE begins a new 365-day agreement period, and via
notice in the Federal Register. PE renewals will be governed by the
tier in effect at the time of renewal.
For further information contact Christopher David, Office of Data
Exchange, Policy Publications, and International Negotiations, Social
Security Administration, 6401 Security Boulevard, Baltimore, Maryland
21235-6401, (866) 395-8801, email [email protected]. For information on
eligibility or filing for benefits, call SSA's national toll-free
number, 1-800-772-1213 or TTY 1-800-325-0778, or visit SSA's internet
site, Social Security Online, at https://www.socialsecurity.gov.
Chad Poist,
Deputy Commissioner, Office of Budget, Finance, and Management, Social
Security Administration.
[FR Doc. 2024-08152 Filed 4-16-24; 8:45 am]
BILLING CODE 4191-02-P
