Application and Renewal Fees Imposed on Surety Companies and Reinsuring Companies; New Fee Categories Added, 65716 [2024-17884]

Download as PDF 65716 Federal Register / Vol. 89, No. 155 / Monday, August 12, 2024 / Notices SPECIAL PERMITS DATA Application No. Applicant 21812–N ...... PolyPetroChem, LLC ..... 172.203(a), 178.345–1, 180.413. 21813–N ...... Norsk, Inc ...................... 172.200 .......................... 21814–N ...... Bren-Tronics, Inc ........... 172.101(j) ...................... 21820–N ...... Reynolds Systems, Inc .. 172.320, 173.54, 173.56, 173.57, 173.58. 21821–N ...... Sandvik, Inc ................... 172.101(j) ...................... Regulation(s) Affected [FR Doc. 2024–17920 Filed 8–9–24; 8:45 am] BILLING CODE P DEPARTMENT OF THE TREASURY Bureau of the Fiscal Service Application and Renewal Fees Imposed on Surety Companies and Reinsuring Companies; New Fee Categories Added 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 updating the schedule of fees it imposes on and collects from surety companies and reinsuring companies, effective August 9, 2024. 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 khammond on DSKJM1Z7X2PROD with NOTICES SUMMARY: VerDate Sep<11>2014 17:30 Aug 09, 2024 Jkt 262001 Nature of the Special Permits thereof To authorize the manufacture, mark, sale, and use of manway assemblies constructed from stabilized polyethylene for installation on certain DOT specification cargo tank motor vehicles used in transporting certain hazardous materials. (mode 1) To authorize the transportation in commerce of lithium batteries exceeding 300 Wh by motor vehicle without shipping papers. (mode 1) To authorize the transportation in commerce of lithium batteries exceeding 35 kg by cargo-only aircraft. (mode 4) To authorize the shipment of new detonators without an EX-approval in a 4-inch x 14-inch schedule 80 seamless steel pipe closed at both ends with 3,000-psi forged steel end caps per ASTM 105 or in a 6-inch x 14inch schedule 80 seamless steel pipe closed at both ends with iron end caps with a minimum strength of 250 psi. (modes 1, 4) To authorize the transportation in commerce of lithium-ion batteries exceeding 35 kg by cargo-only aircraft. (mode 4) 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 adding application processing fees for two new categories of reinsuring companies to the corporate federal surety bond program. The fees in the other categories are unchanged from the notice published in the Federal Register December 8, 2023. 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: $12,400. (2) Determination of a company’s continued qualification for annual renewal of its Certificate of Authority: $8,000. (3) Examination of a company’s application for recognition as an Admitted Reinsurer: $4,500. (4) Determination of a company’s continued qualification for annual renewal of its authority as an Admitted Reinsurer: $3,200. (5) Examination of a company’s application for recognition as an Alien Reinsurer: $4,500. (6) Examination of a company’s application for recognition as a Complementary Reinsurer: $4,500. 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 PO 00000 Frm 00136 Fmt 4703 Sfmt 4703 Industrial Drive, Parkersburg, WV 26106, Telephone (304) 480–6635. Timothy E. Gribben, Commissioner, Bureau of the Fiscal Service. [FR Doc. 2024–17884 Filed 8–9–24; 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. AGENCY: ACTION: Notice. 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 Specially Designated Nationals and Blocked Persons List (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. SUMMARY: See SUPPLEMENTARY INFORMATION section for applicable date(s). DATES: FOR FURTHER INFORMATION CONTACT: OFAC: Bradley T. Smith, 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 Associate Director for Sanctions Enforcement, Compliance & Analysis, tel.: 202–622–2490. SUPPLEMENTARY INFORMATION: E:\FR\FM\12AUN1.SGM 12AUN1

Agencies

DEPARTMENT OF THE TREASURY
Bureau of the Fiscal Service

[Federal Register Volume 89, Number 155 (Monday, August 12, 2024)]
[Notices]
[Page 65716]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-17884]


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DEPARTMENT OF THE TREASURY

Bureau of the Fiscal Service


Application and Renewal Fees Imposed on Surety Companies and 
Reinsuring Companies; New Fee Categories Added

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 updating the schedule of fees it imposes on and collects from surety 
companies and reinsuring companies, effective August 9, 2024.

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 adding application processing fees for two new 
categories of reinsuring companies to the corporate federal surety bond 
program. The fees in the other categories are unchanged from the notice 
published in the Federal Register December 8, 2023.
    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: $12,400.
    (2) Determination of a company's continued qualification for annual 
renewal of its Certificate of Authority: $8,000.
    (3) Examination of a company's application for recognition as an 
Admitted Reinsurer: $4,500.
    (4) Determination of a company's continued qualification for annual 
renewal of its authority as an Admitted Reinsurer: $3,200.
    (5) Examination of a company's application for recognition as an 
Alien Reinsurer: $4,500.
    (6) Examination of a company's application for recognition as a 
Complementary Reinsurer: $4,500.
    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. 2024-17884 Filed 8-9-24; 8:45 am]
BILLING CODE 4810-AS-P

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