The American Indian Trust Reform Act of 1994 directs the Secretary of the Interior to establish guidelines to carry out the fiduciary duties owed to tribes and individual Indians to administer trust funds held exclusively for their benefit.
US Code:
25 USC 4001 et seq.
Name of Law: American Indian Trust Fund Management Reform Act of 1994
The primary reason for a decrease in the burden hours of this information collection is the previous estimation was based on all individual IIM account holders responding every year. OST has updated their estimate to reflect that approximately one third of the individual IIM account holders respond per year.
A secondary reason is that several non-form information collections in the previous approval have now been recognized as improperly identified as information collections and have been dropped from this request.
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.