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.