Use of TARP Funds and Compliance with Executive Compensation Issues

ICR 200902-1505-001

OMB: 1505-0212

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2009-02-02
Supplementary Document
2009-02-02
IC Document Collections
ICR Details
1505-0212 200902-1505-001
Historical Active
TREAS/DO TARP
Use of TARP Funds and Compliance with Executive Compensation Issues
New collection (Request for a new OMB Control Number)   No
Emergency 02/03/2009
Approved with change 02/03/2009
Retrieve Notice of Action (NOA) 02/02/2009
OMB approves this information collection for six months, with the addition of the Paperwork Reduction Act statement to the instrument.
  Inventory as of this Action Requested Previously Approved
08/31/2009 6 Months From Approved
350 0 0
1,750 0 0
0 0 0

The Emergency Economic Stabilization Act of 2008 (“Act”), Public Law No. 110-343, established the Troubled Asset Relief Program (“TARP”) and created the Office of the Special Inspector General for the Troubled Asset Relief Program (“SIGTARP”). SIGTARP is responsible for coordinating and conducting audits and investigations of any program established by the Secretary of the Treasury under the Act. One of SIGTARP’s primary areas of focus has been ensuring, to the fullest extent possible, transparency in the operation of TARP. Increasingly, members of the Congress, the press, and the public are expressing frustration and raising questions about: (1) the lack of information about how TARP recipients are using or plan to use funding provided by the Federal government under the various TARP programs; and (2) insufficient transparency regarding efforts to restrain excessive executive compensation. The questionnaire is designed to address these questions.
See attached justification in supplementary documents.

PL: Pub.L. 110 - 343 101 Name of Law: Emergency Economic Stabilization Act of 2008
  
PL: Pub.L. 110 - 343 101 Name of Law: Emergency Economic Stabilization Act of 2008

Not associated with rulemaking

No

1
IC Title Form No. Form Name
Use of TARP Funds and Compliance with Executive Compensation Issues

  Total Approved Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 350 0 350 0 0 0
Annual Time Burden (Hours) 1,750 0 1,750 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
This is a new collection.

No
No
Uncollected
Uncollected
Uncollected
Uncollected
Barry Holman 2026224633

  No

On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
 
 
 
 
 
 
 
    (i) Why the information is being collected;
    (ii) Use of information;
    (iii) Burden estimate;
    (iv) Nature of response (voluntary, required for a benefit, or mandatory);
    (v) Nature and extent of confidentiality; and
    (vi) Need to display currently valid OMB control number;
 
 
 
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
02/02/2009


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