The form asks for basic information from vendors interested in doing business with the agency. This information allows NCUA to provide Congress with required reports on contracts with minority-owned and women-owned firms.
Section 342 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the Act) requires certain federal regulatory agencies to annually report the contract amounts paid to vendors that are minority-owned and women-owned. NCUA has designed the Vendor Registration Form (VRF) as its sole mechanism to be able to capture the type of information required for compliance with the Act. Since the act is already in force and Congress has already required and received the first Report to Congress from the various regulatory agencies, obtaining emergency approval of this form will enable NCUA to immediately start capturing information from vendors on a consistent basis for the purpose of meeting the requirements of this Congressional mandate.
The Vendor Registration Form (VRF) provides vendors with an efficient, quick and simple vehicle to communicate their business interests to NCUA. The form also significantly reduces a vendor's burden by avoiding a lengthy an unnecessary registration process in the Central Contractor Registration (CCR) and, instead, allows vendors to provide limited, voluntary, readily available vendor information in a quick and simple manner. Most importantly, the VRF is the most efficient mechanism for NCUA to capture vendor information that is essential to responding to Congress in meeting the reporting requirements of Section 342 of the Dodd-Frank Act.
No
No
No
Yes
No
Uncollected
Miguel Polanco 703 518-1650
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.