Change Requests

Key Information

Previous ICR	201907-3170-001

Federal Register Notices

Authorizing Statutes

Abstract

Under the Dodd-Frank Wall Street Reform and Consumer Protection Act, the Bureau of Consumer Financial Protection (Bureau) is tasked with researching, analyzing, and reporting on topics relating to the Bureau’s mission, including developments in markets for consumer financial products and services, consumer awareness, and consumer behavior. Under this generic information collection plan, the Bureau collects data through controlled trials in field and economic laboratory settings. This research is used for developmental and informative purposes to increase the Bureau’s understanding of consumer credit markets and household financial decision-making. Basic research projects will be submitted under this clearance.

Key Information

Previous ICR	201907-3064-002

Federal Register Notices

Authorizing Statutes

Abstract

The FDIC and other financial institution regulatory agencies, in conjunction with the Conference of State Bank Supervisors, have issued proposed guidance summarizing the principles of sound liquidity risk management issued by the agencies in the past and, where appropriate, bringing those principles in conformance with the Basel Committee's "Principles for Sound Liquidity Risk Management and Supervision."

Key Information

Previous ICR	201907-3064-001

Federal Register Notices

Authorizing Statutes

Abstract

The FDIC’s policy statement on Qualifications for Failed Bank Acquisitions provides guidance to private capital investors interested in acquiring or investing in failed insured depository institutions regarding the terms and conditions for such investments or acquisitions. The information collected pursuant to the policy statement allows the FDIC to evaluate, among other things, whether such investors (and their related interests) could negatively impact the Deposit Insurance Fund, increase resolution costs, or operate in a manner that conflict with statutory safety and soundness principles and compliance requirements.

Key Information

Previous ICR	202203-0578-002CF

Key Information

Previous ICR	201907-0704-005

Federal Register Notices

Authorizing Statutes

Abstract

This is a request for extension for a collection of information necessitated by the Office of Personnel Management (OPM) cybersecurity incident in which approximately 21.5 million security clearance background investigation records containing personally identifying information (PII) were compromised. The information collected will be used only to verify whether or not an individual was impacted by the OPM cybersecurity incident involving background investigation records and to send a letter confirming status as “impacted” or “not impacted” by this incident.

Key Information

Previous ICR	202001-0575-001CF

Key Information

Previous ICR	202211-0584-002

Federal Register Notices

Authorizing Statutes

Abstract

This information collection is necessary to obtain input into the development of nutrition education resources and interventions for population groups served by the Food and Nutrition Service (FNS). FNS will also use this information collection to obtain data that will be used to determine the scope and direction of various types of grants.

Key Information

Previous ICR	201906-2133-001

Federal Register Notices

Authorizing Statutes

Abstract

In accordance with 46 CFR Part 355, shipowners, charterers, equity owners, ship managers, etc., seeking benefits provided by statute are required to provide on an annual basis, an Affidavit of U.S. Citizenship to the Maritime Administration (MARAD) for analysis. The Affidavits of U.S. Citizenship filed with MARAD will be reviewed to determine if the Applicants are eligible to participate in the programs offered by the agency.

Key Information

Previous ICR	202202-0578-001

Federal Register Notices

Abstract

The purpose of the Partnerships for Climate-Smart Commodities is to support the production and marketing of climate-smart commodities through a set of pilot projects that provide voluntary incentives through partners to producers and landowners, including early adopters, to implement climate-smart conservation practices, activities, and systems on working lands; measure and quantify, monitor and verify the carbon and greenhouse gas (GHG) benefits associated with those practices; and develop markets and promote the resulting climate-smart commodities.

Key Information

Previous ICR	201907-3064-004

Federal Register Notices

Authorizing Statutes

Abstract

This guidance outlines for agency-supervised institutions high-level principles related to safe-and-sound leveraged lending activities, including underwriting considerations, assessing and documenting enterprise value, risk management expectations for credits awaiting distribution, stress-testing expectations, pipeline portfolio management, and risk management expectations for exposures held by the institution. This guidance applies to all financial institutions supervised by the OCC, Board, and FDIC that engage in leveraged lending activities. The number of community banks with substantial involvement in leveraged lending is small; therefore, the agencies generally expect community banks to be largely unaffected by this guidance.

Key Information

Previous ICR	202004-0581-003

Federal Register Notices

Authorizing Statutes

Abstract

Reporting Requirements would support the operation and administration of the U.S. Domestic Hemp Production Program

Key Information

Previous ICR	201907-2133-002

Federal Register Notices

Authorizing Statutes

Abstract

The Effective U.S. Control (EUSC)/Parent Company collection consists of an inventory of foreign-registered vessels owned by U.S. citizens. Specifically, the collection consists of responses from vessel owners verifying or correcting vessel ownership data and characteristics found in commercial publications. The information will be used by MARAD's Division of Sealift Operations and Emergency Preparedness for contingency planning for sealift capacity. The collection of information is voluntary.

Key Information

Previous ICR	201903-1625-002

Federal Register Notices

Authorizing Statutes

Abstract

This report is submitted by State reporting authorities to the USCG. Data collected from these reports are used to establish USCG Marine Safety performance measures and publish statistics in accordance with Title 46 USC 6102.

Key Information

Previous ICR	201908-1845-002

Federal Register Notices

Authorizing Statutes

Abstract

This information collection for the Direct Loan (DL) Program regulations is related to regulations for forbearance in §685.205 and reasonable and affordable loan rehabilitation in §685.211. The Department of Education is requesting an extension without change of the current burden calculated for this information collection. Due to the COVID-19 pandemic and loan payment pause, there is not sufficient information to estimate burden changes. These regulations provide additional flexibilities for DL borrowers and permit oral requests for forbearance, as well as allow a borrower to object to the initially established reasonable and affordable loan repayment amount. In addition, if a borrower incurs changes to his or her financial circumstances, the borrower can provide supporting documentation to change the amount of the reasonable and affordable loan monthly repayment amount. There has been no change to the regulatory language.

Key Information

Previous ICR	201903-2900-015

Federal Register Notices

Authorizing Statutes

Abstract

VA Form 21-0845 is used to release information in its custody or control in the following circumstances: where the individual identifies the information and consents to its use; for the purpose for which it was collected or a consistent purpose (i.e., a purpose which the individual might have reasonably expected). By law, VA must have a claimants or beneficiary’s written permission (an "authorization") to use or give out claim or benefit information for any purpose that is not contained in VA’s System of Records, 58VA21/22/28 Compensation, Pension, Education and Veterans Readiness and Employment Records. The claimant or beneficiary may revoke the authorization at any time, except if VA has already acted based on the claimant’s permission.

Key Information

Previous ICR	201909-1557-003

Federal Register Notices

Authorizing Statutes

Abstract

Savings associations are required to produce certain reports and records, which establish prudent management controls. This allows examiners to determine whether savings associations are being operated safely, soundly, and in compliance with regulations.

Key Information

Previous ICR	202009-1557-006

Federal Register Notices

Authorizing Statutes

Abstract

Section 342 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) required the Office of the Comptroller of the Currency (OCC) to "develop and implement standards and procedures to ensure, to the maximum extent possible, the fair inclusion and utilization of minorities, women, and minority-owned, and women-owned businesses in all business and activities of the agency at all levels, including in procurement, insurance, and all types of contracts." 12 U.S.C. § 5452(c)(1). Dodd-Frank also required the OCC to develop standards for "coordinating technical assistance to such businesses." 12 U.S.C. § 5452(b)(2)(B). This collection requires supplier information to be submitted to the agency once through an electronic supplier registration website and updated by the business as information changes or new information develops.

Key Information

Previous ICR	201906-1625-002

Federal Register Notices

Authorizing Statutes

Abstract

The Coast Guard collects, stores, and analyzes vessel data transmitted electronically to enhance maritime domain awareness (MDA). Awareness and threat knowledge are critical for securing the maritime domain and the key to preventing adverse events. Data is also used for marine safety and environmental protection purposes. The statutory authority is 46 U.S.C. 70114 and 70115.

Key Information

Previous ICR	201801-1006-004

Federal Register Notices

Abstract

The United States is required to collect this information by the Supreme Court and requires water users to report this information under water delivery contracts.

Key Information

Previous ICR	201911-1557-003

Federal Register Notices

Authorizing Statutes

Abstract

Section 342 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Act) required the Office of the Comptroller of the Currency (OCC) and other Federal financial regulators (together, Agencies and separately, Agency) each to establish an Office of Minority and Women Inclusion (OMWI) to be responsible for all Agency matters relating to diversity in management, employment, and business activities. The Act also instructed each Agency’s OMWI Director to develop standards for assessing the diversity policies and practices of entities regulated by that Agency. The Agencies worked together to develop joint standards (Joint Standards) and on June 10, 2015, they jointly published the “Final Interagency Policy Statement Establishing Joint Standards for Assessing the Diversity Policies and Practices of Entities Regulated by the Agencies” (Policy Statement). See 80 Fed. Reg. 33016. The Joint Standards contain information collections that fall within the scope of the Paperwork Reduction Act of 1995 (PRA). First, the Joint Standards include “Practices to Promote Transparency of Organizational Diversity and Inclusion,” which contemplate that a regulated entity makes certain information available to the public annually on its Web sites or through other appropriate communications methods, in a manner reflective of the entity’s size and other characteristics. The specific information referenced in these standards is (a) the entity’s diversity and inclusion strategic plan; (b) its policy on its commitment to diversity and inclusion; (c) its progress toward achieving diversity and inclusion in its workforce and procurement activities; and (d) opportunities available at the entity that promote diversity. Second, the Joint Standards address “Entities’ Self-Assessments,” which contemplate that a regulated entity, in a manner reflective of its size and other characteristics, (a) conducts an annual, voluntary self-assessment of its diversity policies and practices; (b) monitors and evaluates its performance under its diversity policies and practices on an ongoing basis; (c) provides information pertaining to its self-assessment to the OMWI Director of its primary federal financial regulator; and (d) publishes information pertaining to its efforts with respect to the Joint Standards. In order to facilitate the self-assessment and information collection described in the “Entities’ Self-Assessment” Joint Standards discussed above, the OCC developed the “Diversity Self-Assessment Template for OCC-Regulated Entities” (Template). This submission moves to a PDF version of the template from an Excel document.

Key Information

Previous ICR	201905-1545-017

Federal Register Notices

Authorizing Statutes

Abstract

Section 7502(a) of the Internal Revenue Code provides that a document received after the due date for filing will be treated as filed on the date of the United States postmark on the envelope containing the document if the postmark date is on or before the date for filing the document and the document is placed in the U.S. mail on or before the due date. Under I.R.C. Sec. 7502, in order for taxpayers to establish the postmark date and prima facie evidence of delivery when using registered or certified mail to file documents with the IRS, taxpayers will need to retain the sender's receipt.

Key Information

Previous ICR	201902-1545-005

Federal Register Notices

Authorizing Statutes

Abstract

This document contains regulations relating to the tax treatment of debt instruments with original issue discount and the imputation of interest on deferred payments under certain contracts for the sale or exchange of property and determining when property is traded on an established market for purposes of determining the issue price of a debt instrument. The regulations provide needed guidance to holders and issuers of debt instruments.

Key Information

Previous ICR	201906-1545-004

Federal Register Notices

Authorizing Statutes

Abstract

These regulations deny a deduction for excess parachute payments. A parachute payment is a payment in the nature of compensation to a disqualified individual that is contingent on a change in ownership or control of a corporation. Certain payments, including payments from a small corporation, are exempt from the definition of parachute payment if certain requirements are met (such as shareholder approval and disclosure requirements).

Key Information

Previous ICR	201910-3064-005

Federal Register Notices

Authorizing Statutes

Abstract

The Federal Deposit Insurance Corporation (FDIC) has issued a rule that revises the FDIC’s requirements for stress testing by FDIC-supervised institutions, consistent with changes made by Section 401 of the Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA). Specifically, the rule amends the FDIC’s existing stress testing regulations at 12 CFR Part 325 to change the minimum threshold for applicability from $10 billion to $250 billion, revises the frequency of required stress tests by FDIC-supervised institutions, and reduces the number of required stress testing scenarios from three to two. The rule also makes certain conforming and technical changes that were previously included in an April 2019 notice of proposed rulemaking that was superseded, in part, by the enactment of EGRRCPA. On May 17, 2012, the OCC, along with the Federal Deposit Insurance Corporation (FDIC) and the Board of Governors of the Federal Reserve (FRB), published guidance on the use of stress testing as a means to better understand the range of a banking organization’s potential risk exposures. The guidance provides an overview of how a banking organization should structure its stress testing activities to ensure they fit into the banking organization’s overall risk management program. The purpose of the guidance is to outline broad principles for a satisfactory stress testing framework and describe the manner in which stress testing should be used, that is as an integral component of risk management applicable at various levels of aggregation within a banking organization as well as a tool for capital and liquidity planning. While the guidance is not intended to provide detailed instructions for conducting stress testing for any particular risk or business area, it does include descriptions of several types of stress testing activities and how they may be most appropriately used by banking organizations. The guidance also does not explicitly address the stress testing requirements imposed upon certain companies by section 165(i) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the Dodd-Frank Act).

Key Information

Previous ICR	201801-2900-004

Federal Register Notices

Authorizing Statutes

Abstract

VA Form 21-0966 is used by claimants and/or their authorized representatives to indicate intent to file a claim for disability benefits to establish an effective date for an award granted in association with a complete claim filed within one year of such form. VA uses this form to identify claimants in its internal business operational systems to record the date of receipt of this document for the purposes of establishing a date of claim for a complete claim that is filed within one year. VA also uses the information to furnish the claimant with the appropriate VA form or application for VA benefits.