Agency Information Collection Activities: Proposed Collection; Comment Request, 42879-42880 [2024-10771]
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Federal Register / Vol. 89, No. 96 / Thursday, May 16, 2024 / Notices
ground that the proposed acquisition of
Pioneer Natural Resources Company
(‘‘Pioneer’’) would violate section 7 of
the Clayton Act.1 The principal ground
on which the Commission proceeds is
that the merger may substantially lessen
competition because of the prospect that
Exxon’s shareholders may elect Scott
Sheffield—Pioneer’s founder, former
CEO, and current board member—to
Exxon’s board of directors. The
Complaint alleges that Mr. Sheffield has
made ‘‘previous efforts to organize tacit
(and potentially express) coordination
of capital investment discipline and oil
production levels.’’ 2 Mr. Sheffield
allegedly used both public statements
threatening to punish companies that
expand output and private
conversations and messages with OPEC
representatives where he implemented
his ‘‘long-running strategy to coordinate
output reductions.’’ 3 These accusations
are extremely troubling and warrant
close scrutiny under the antitrust laws.
To its credit, Exxon intends to exclude
Mr. Sheffield from serving on the board
of directors—a wise decision consistent
with sound policy given the severity of
the allegations against him.
But Exxon’s consent to the entry of
this order and its decision to exclude
Mr. Sheffield from its board does not
answer the ultimate question the
Commission must answer before issuing
a complaint: Whether the Commission
has reason to believe this transaction
itself violates section 7. The
Commission’s Complaint does not
provide us reason to believe that it does.
The Complaint fails to articulate how
the ‘‘effect of [the] transaction may be
substantially to lessen competition.’’ 4
We fear instead that the Commission is
leveraging its merger enforcement
authority to extract a consent from
Exxon rather than addressing the
conduct of one misbehaving executive.
We therefore respectfully dissent.
Antitrust enforcers have long
recognized that a transaction which
increases the risk of coordination also
increases the risk of a substantial
diminution of competition. Until
recently, we considered three factors in
assessing the risk of increased
coordination: whether the transaction
created ‘‘(1) a significant increase in
concentration, leading to a moderately
or highly concentrated market’’;
whether the transaction involved ‘‘(2) a
market vulnerable to coordinated
conduct’’; and whether we had ‘‘(3) a
credible basis for concluding the
1 15.
U.S.C. 18.
¶ 22.
3 Compl. ¶ 6.
4 15. U.S.C. 18.
2 Compl.
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transaction will enhance that
vulnerability.’’ 5 The recently adopted
2023 Guidelines propose three ‘‘primary
factors’’ for assessing the increased risk
of coordination—(1) the existence of a
highly concentrated market, (2) prior
actual or attempted attempts to
coordinate, and (3) elimination of a
maverick.6 No court to date has
endorsed these new factors. Even
assuming they accurately summarize the
state of the law, they are not satisfied
here.
The Complaint is unclear on which of
the three factors are present here, but it
focuses most on ‘‘actual or attempted
attempts to coordinate.’’ It alleges that
‘‘Mr. Sheffield’s history of attempting to
coordinate with other oil industry
participants suggests that the market
here is susceptible to anticompetitive
coordination.’’ 7 We do not agree.
The 2023 Guidelines provide that
‘‘attempts to coordinate’’ are relevant to
the risk-of-coordination inquiry where
‘‘firms representing a substantial share
in the relevant market appear to have
previously engaged in express or tacit
coordination . . . .’’ 8 The Complaint
alleges only that a combined OPEC and
OPEC+ ‘‘account for over 50% of global
crude oil production.’’ 9 Importantly, it
does not allege the merging parties’
market shares at all. As such, it fails to
allege that either Exxon or Pioneer
represents part of any ‘‘substantial
share’’ of the market, and for good
reason: the post-merger firm’s share in
the alleged market will not be
substantial. The concentration in this
market, and thus, the likelihood of
successful coordination post-merger, are
virtually unchanged by the proposed
acquisition.10
5 U.S.
Dept. of Just. & Fed. Trade Comm’n,
Horizontal Merger Guidelines § 7.1 (2010); see Fed.
Trade Comm’n v. RAG-Stiftung, 436 F.Supp.3d 278,
313 (2020) (citing and quoting from section 7.1 of
the 2010 Horizontal Merger Guidelines); New York
v. Deutsche Telekom AG, 439 F. Supp. 3d 179, 234
(S.D.N.Y. 2020) (similar).
6 2023 Guidelines § 2.3.A, at 8–9. The Guidelines
also propose six ‘‘secondary factors,’’ id. § 2.3.B, at
9–10, but the Complaint does not appear to rely on
them.
7 Compl. ¶ 19.
8 2023 Guidelines § 2.3.A, at 9.
9 Compl. ¶ 21.
10 To be clear, we do not contend that every
individual oil producer is a meaningful constraint
on coordination. The Commission’s Complaint is
silent, however, on the existence or sufficiency of
any other firm to constrain the coordination the
consent purports to prevent with this remedy. For
us, this omission precludes reason to believe the
proposed transaction may substantially lessen
competition. See Fed. Trade Comm’n v. PPG Indus.,
Inc., 798 F.2d 1500, 1503 (D.C. Cir 1986) (‘‘[W]here
rivals are few, firms will be able to coordinate their
behavior, either by overt collusion or implicit
understanding, in order to restrict output and
achieve profits above competitive levels.’’); see also
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42879
The Complaint also focuses on the
fact that the merger would give Mr.
Sheffield ‘‘a larger platform from which
to advocate for greater industry-wide
coordination as well as decision-making
input.’’ 11 Mr. Sheffield’s alleged prior
conduct certainly raises serious concern
and warrants antitrust scrutiny. But the
merger does not place Mr. Sheffield on
the board.12 That decision belongs to
Exxon’s shareholders. The Commission
acts today based only on the risk that
the shareholders might elect him to the
board, and that his election might give
him a ‘‘larger platform’’ to coordinate—
if indeed this market is susceptible to
coordination. We do not believe this
alleged risk presents a section 7
problem. Further, we are especially
concerned with the Complaint’s focus
on Sheffield’s past conduct at Pioneer as
an indicator of Exxon’s future actions,
without any discussion of whether
Exxon has incentives to engage in the
same behavior. Focusing on individuals’
conduct divorced from a firm’s
incentives could have troubling
ramifications for future enforcement
actions.
The alleged conduct by Mr. Sheffield
warrants scrutiny, but that does not
mean we have reason to believe the
transaction violates section 7. The
Commission should not leverage its
merger enforcement authority—or any
authority—the way it does today. We
respectfully dissent.
[FR Doc. 2024–10731 Filed 5–15–24; 8:45 am]
BILLING CODE 6750–01–P
DEPARTMENT OF HEALTH AND
HUMAN SERVICES
Centers for Medicare & Medicaid
Services
[Document Identifiers: CMS–R–263]
Agency Information Collection
Activities: Proposed Collection;
Comment Request
Centers for Medicare &
Medicaid Services, Health and Human
Services (HHS).
ACTION: Notice.
AGENCY:
The Centers for Medicare &
Medicaid Services (CMS) is announcing
an opportunity for the public to
comment on CMS’ intention to collect
information from the public. Under the
SUMMARY:
Fed. Trade Comm’n v. H.J. Heinz Co., 246 F.3d 708,
715 (2001).
11 Compl. ¶ 44.
12 The agreement instead requires Exxon to
propose Mr. Sheffield for election to its board if he
meets certain legal, regulatory, and corporate
governance criteria.
E:\FR\FM\16MYN1.SGM
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ddrumheller on DSK120RN23PROD with NOTICES1
42880
Federal Register / Vol. 89, No. 96 / Thursday, May 16, 2024 / Notices
Paperwork Reduction Act of 1995
(PRA), Federal agencies are required to
publish notice in the Federal Register
concerning each proposed collection of
information (including each proposed
extension or reinstatement of an existing
collection of information) and to allow
60 days for public comment on the
proposed action. Interested persons are
invited to send comments regarding our
burden estimates or any other aspect of
this collection of information, including
the necessity and utility of the proposed
information collection for the proper
performance of the agency’s functions,
the accuracy of the estimated burden,
ways to enhance the quality, utility, and
clarity of the information to be
collected, and the use of automated
collection techniques or other forms of
information technology to minimize the
information collection burden.
DATES: Comments must be received by
July 15, 2024.
ADDRESSES: When commenting, please
reference the document identifier or
OMB control number. To be assured
consideration, comments and
recommendations must be submitted in
any one of the following ways:
1. Electronically. You may send your
comments electronically to https://
www.regulations.gov. Follow the
instructions for ‘‘Comment or
Submission’’ or ‘‘More Search Options’’
to find the information collection
document(s) that are accepting
comments.
2. By regular mail. You may mail
written comments to the following
address:
CMS, Office of Strategic Operations
and Regulatory Affairs, Division of
Regulations Development, Attention:
Document Identifier/OMB Control
Number:llRoom C4–26–05, 500
Security Boulevard, Baltimore,
Maryland 21244–1850.
To obtain copies of a supporting
statement and any related forms for the
proposed collection(s) summarized in
this notice, please access the CMS PRA
website by copying and pasting the
following web address into your web
browser: https://www.cms.gov/
Regulations-and-Guidance/Legislation/
PaperworkReductionActof1995/PRAListing
FOR FURTHER INFORMATION CONTACT:
William N. Parham at (410) 786–4669.
SUPPLEMENTARY INFORMATION:
Contents
This notice sets out a summary of the
use and burden associated with the
following information collections. More
detailed information can be found in
each collection’s supporting statement
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17:50 May 15, 2024
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and associated materials (see
ADDRESSES).
CMS–R–263 On-Site Inspection for
Durable Medical Equipment (DME)
Supplier Location and Supporting
Regulations in 42 CFR, Section 424.57
Under the PRA (44 U.S.C. 3501–
3520), Federal agencies must obtain
approval from the Office of Management
and Budget (OMB) for each collection of
information they conduct or sponsor.
The term ‘‘collection of information’’ is
defined in 44 U.S.C. 3502(3) and 5 CFR
1320.3(c) and includes agency requests
or requirements that members of the
public submit reports, keep records, or
provide information to a third party.
Section 3506(c)(2)(A) of the PRA
requires Federal agencies to publish a
60-day notice in the Federal Register
concerning each proposed collection of
information, including each proposed
extension or reinstatement of an existing
collection of information, before
submitting the collection to OMB for
approval. To comply with this
requirement, CMS is publishing this
notice.
Information Collection
1. Type of Information Collection
Request: Revision of a currently
approved collection; Title of
Information Collection: On-Site
Inspection for Durable Medical
Equipment (DME) Supplier Location
and Supporting Regulations in 42 CFR,
Section 424.57; Use: CMS is mandated
to identify and implement measures to
prevent fraud and abuse in the Medicare
program. To meet this challenge, CMS
has moved forward to improve the
quality of the process for enrolling
suppliers into the Medicare program by
establishing a uniform application for
enumerating suppliers of durable
medical equipment, prosthetics,
orthotics, and supplies (DMEPOS).
Implementation of enhanced procedures
for verifying the enrollment information
has also improved the enrollment
process. As part of this process,
verification of compliance with supplier
standards is necessary. The site
investigation form has been used in the
past to aid the Medicare contractor (the
National Supplier Clearinghouse and/or
its subcontractors) in verifying
compliance with the required supplier
standards found in 42 CFR 424.57(c).
The primary function of the site
investigation form is to provide a
standardized, uniform tool to gather
information from a DMEPOS supplier
that tells us whether it meets certain
qualifications to be a DMEPOS supplier
(as found in 42 CFR 424.57(c)) and
where it practices or renders its
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services. Form Number: CMS–R–263
(OMB control number: 0938–0749);
Frequency: Yearly; Affected Public:
Private sector, Business or other forprofits; Number of Respondents: 48,087;
Number of Responses: 1; Total Annual
Hours: 48,087. (For policy questions
regarding this collection contact Alisha
Sanders at 410–786–0671.)
William N. Parham, III,
Director, Division of Information Collections
and Regulatory Impacts, Office of Strategic
Operations and Regulatory Affairs.
[FR Doc. 2024–10771 Filed 5–15–24; 8:45 am]
BILLING CODE 4120–01–P
DEPARTMENT OF HEALTH AND
HUMAN SERVICES
Centers for Medicare & Medicaid
Services
[Document Identifiers: CMS–10711]
Agency Information Collection
Activities: Submission for OMB
Review; Comment Request
Centers for Medicare &
Medicaid Services, Health and Human
Services (HHS).
ACTION: Notice.
AGENCY:
The Centers for Medicare &
Medicaid Services (CMS) is announcing
an opportunity for the public to
comment on CMS’ intention to collect
information from the public. Under the
Paperwork Reduction Act of 1995
(PRA), Federal agencies are required to
publish notice in the Federal Register
concerning each proposed collection of
information, including each proposed
extension or reinstatement of an existing
collection of information, and to allow
a second opportunity for public
comment on the notice. Interested
persons are invited to send comments
regarding the burden estimate or any
other aspect of this collection of
information, including the necessity and
utility of the proposed information
collection for the proper performance of
the agency’s functions, the accuracy of
the estimated burden, ways to enhance
the quality, utility, and clarity of the
information to be collected, and the use
of automated collection techniques or
other forms of information technology to
minimize the information collection
burden.
DATES: Comments on the collection(s) of
information must be received by the
OMB desk officer by June 17, 2024.
ADDRESSES: Written comments and
recommendations for the proposed
information collection should be sent
within 30 days of publication of this
SUMMARY:
E:\FR\FM\16MYN1.SGM
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Agencies
[Federal Register Volume 89, Number 96 (Thursday, May 16, 2024)]
[Notices]
[Pages 42879-42880]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-10771]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF HEALTH AND HUMAN SERVICES
Centers for Medicare & Medicaid Services
[Document Identifiers: CMS-R-263]
Agency Information Collection Activities: Proposed Collection;
Comment Request
AGENCY: Centers for Medicare & Medicaid Services, Health and Human
Services (HHS).
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: The Centers for Medicare & Medicaid Services (CMS) is
announcing an opportunity for the public to comment on CMS' intention
to collect information from the public. Under the
[[Page 42880]]
Paperwork Reduction Act of 1995 (PRA), Federal agencies are required to
publish notice in the Federal Register concerning each proposed
collection of information (including each proposed extension or
reinstatement of an existing collection of information) and to allow 60
days for public comment on the proposed action. Interested persons are
invited to send comments regarding our burden estimates or any other
aspect of this collection of information, including the necessity and
utility of the proposed information collection for the proper
performance of the agency's functions, the accuracy of the estimated
burden, ways to enhance the quality, utility, and clarity of the
information to be collected, and the use of automated collection
techniques or other forms of information technology to minimize the
information collection burden.
DATES: Comments must be received by July 15, 2024.
ADDRESSES: When commenting, please reference the document identifier or
OMB control number. To be assured consideration, comments and
recommendations must be submitted in any one of the following ways:
1. Electronically. You may send your comments electronically to
https://www.regulations.gov. Follow the instructions for ``Comment or
Submission'' or ``More Search Options'' to find the information
collection document(s) that are accepting comments.
2. By regular mail. You may mail written comments to the following
address:
CMS, Office of Strategic Operations and Regulatory Affairs,
Division of Regulations Development, Attention: Document Identifier/OMB
Control Number:__Room C4-26-05, 500 Security Boulevard, Baltimore,
Maryland 21244-1850.
To obtain copies of a supporting statement and any related forms
for the proposed collection(s) summarized in this notice, please access
the CMS PRA website by copying and pasting the following web address
into your web browser: https://www.cms.gov/Regulations-and-Guidance/Legislation/PaperworkReductionActof1995/PRA-Listing
FOR FURTHER INFORMATION CONTACT: William N. Parham at (410) 786-4669.
SUPPLEMENTARY INFORMATION:
Contents
This notice sets out a summary of the use and burden associated
with the following information collections. More detailed information
can be found in each collection's supporting statement and associated
materials (see ADDRESSES).
CMS-R-263 On-Site Inspection for Durable Medical Equipment (DME)
Supplier Location and Supporting Regulations in 42 CFR, Section 424.57
Under the PRA (44 U.S.C. 3501-3520), Federal agencies must obtain
approval from the Office of Management and Budget (OMB) for each
collection of information they conduct or sponsor. The term
``collection of information'' is defined in 44 U.S.C. 3502(3) and 5 CFR
1320.3(c) and includes agency requests or requirements that members of
the public submit reports, keep records, or provide information to a
third party. Section 3506(c)(2)(A) of the PRA requires Federal agencies
to publish a 60-day notice in the Federal Register concerning each
proposed collection of information, including each proposed extension
or reinstatement of an existing collection of information, before
submitting the collection to OMB for approval. To comply with this
requirement, CMS is publishing this notice.
Information Collection
1. Type of Information Collection Request: Revision of a currently
approved collection; Title of Information Collection: On-Site
Inspection for Durable Medical Equipment (DME) Supplier Location and
Supporting Regulations in 42 CFR, Section 424.57; Use: CMS is mandated
to identify and implement measures to prevent fraud and abuse in the
Medicare program. To meet this challenge, CMS has moved forward to
improve the quality of the process for enrolling suppliers into the
Medicare program by establishing a uniform application for enumerating
suppliers of durable medical equipment, prosthetics, orthotics, and
supplies (DMEPOS). Implementation of enhanced procedures for verifying
the enrollment information has also improved the enrollment process. As
part of this process, verification of compliance with supplier
standards is necessary. The site investigation form has been used in
the past to aid the Medicare contractor (the National Supplier
Clearinghouse and/or its subcontractors) in verifying compliance with
the required supplier standards found in 42 CFR 424.57(c). The primary
function of the site investigation form is to provide a standardized,
uniform tool to gather information from a DMEPOS supplier that tells us
whether it meets certain qualifications to be a DMEPOS supplier (as
found in 42 CFR 424.57(c)) and where it practices or renders its
services. Form Number: CMS-R-263 (OMB control number: 0938-0749);
Frequency: Yearly; Affected Public: Private sector, Business or other
for-profits; Number of Respondents: 48,087; Number of Responses: 1;
Total Annual Hours: 48,087. (For policy questions regarding this
collection contact Alisha Sanders at 410-786-0671.)
William N. Parham, III,
Director, Division of Information Collections and Regulatory Impacts,
Office of Strategic Operations and Regulatory Affairs.
[FR Doc. 2024-10771 Filed 5-15-24; 8:45 am]
BILLING CODE 4120-01-P