Troubled Asset Relief Program – Conflicts of Interest

Forms and Documents

Document Name	Status
SS_#1505-0209_Conflict Interest.doc Supporting Statement A	2010-03-16

IC Document Collections

IC ID	Document Title	Status
187759	Nondisclosure Agreement	Unchanged
187422	Certification of communications with Treasury employees	Unchanged
187421	Limitations on concurrent activities – Waivers	Unchanged
187420	General standards for retained entity activities – disclosure to SIG	Unchanged
187419	Personal Conflicts of Interest	Unchanged
187418	Organizational conflicts of interest	Unchanged

ICR Details

OMB Control No: 1505-0209	ICR Reference No: 201003-1505-002
Status: Historical Active	Previous ICR Reference No: 200812-1505-001
Agency/Subagency: TREAS/DO	Agency Tracking No: TARP
Title: Troubled Asset Relief Program – Conflicts of Interest
Type of Information Collection: New collection (Request for a new OMB Control Number)	Common Form ICR:  No
Type of Review Request: Emergency	Approval Requested By: 03/19/2010
OIRA Conclusion Action: Approved without change	Conclusion Date: 03/17/2010
	Date Received in OIRA: 03/16/2010
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	09/30/2010	6 Months From Approved
Responses	166	0	0
Time Burden (Hours)	1,424	0	0
Cost Burden (Dollars)	0	0	0

---

Abstract: The interim rule sets forth the process for reviewing and addressing actual or potential conflicts of interest among any individuals or entities seeking or having a contract or financial agency agreement with the Treasury for services under EESA. Section 108 of the EESA requires Treasury to develop guidelines for addressing conflicts of interest as soon as practicable after enactment of the law. The procedures set forth in this interim rule are effective immediately.

Emergency Justfication: The Department of the Treasury (Treasury) respectfully requests emergency processing and approval of the collection of information contained in the interim rule to establish conflicts of interest requirements for contractors and financial agency arrangements under the Troubled Asset Relief Program (TARP). The collection of information is needed to fulfill Treasury’s responsibilities under the Emergency Economic Stabilization Act (EESA) of 2008 (Public Law 110-343; approved October 3, 2008). OMB granted a pre-approved based on anticipated final rule actions by Treasury. The pre-approval period has now lapsed and to provide full compliance under the PRA, Treasury is initiating this new request.

---

Authorizing Statute(s): PL: Pub.L. 110 - 303 108 Name of Law: Emergency Economic Stabilization Act of 2008
  

Citations for New Statutory Requirements: PL: Pub.L. 110 - 303 108 Name of Law: Emergency Economic Stabilization Act of 2008

---

Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
1505-AC05	Final or interim final rulemaking	74 FR 3431	01/21/2009

---

Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? No

---

Number of Information Collection (IC) in this ICR: 6

IC Title	Form No.	Form Name
Personal Conflicts of Interest
Limitations on concurrent activities – Waivers
Certification of communications with Treasury employees
Organizational conflicts of interest
General standards for retained entity activities – disclosure to SIG
Nondisclosure Agreement

---

ICR Summary of Burden

	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	166	0	166	0	0	0
Annual Time Burden (Hours)	1,424	0	1,424	0	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: This is a request for an emergency clearance on a new information collection. The addition of 1,424 hours is due to new statue requirement.

---

Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? Yes

Is this ICR related to the Pandemic Response? Uncollected

---

Common Form ICR:  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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 03/16/2010

---