Reporting, Procedures and Penalties Regulations

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Form TD F 90-22.50 Reporting, Procedures and Penalties Regulations	Form and Instruction	Modified	Available
1505-0164_2015_OFAC FINAL 091815.docx	Supporting Statement A	Uploaded 2015-09-18	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
43827	Reporting, Procedures and Penalties Regulations	Form and Instruction	Modified

ICR Details

OMB Control No: 1505-0164	ICR Reference No: 201512-1505-003
Status: Historical Active	Previous ICR Reference No: 201209-1505-003
Agency/Subagency: TREAS/DO	Agency Tracking No:
Title: Reporting, Procedures and Penalties Regulations
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 12/15/2015
	Date Received in OIRA: 12/15/2015
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	12/31/2018	36 Months From Approved	03/31/2016
Responses	44,091	0	42,086
Time Burden (Hours)	47,379	0	45,376
Cost Burden (Dollars)	0	0	453,760

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Abstract: Submissions will provide the U.S. Government with information to be used in enforcing various economic sanctions programs administered by OFAC under 31 CFR Chapter V.

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Authorizing Statute(s): US Code: 50 USC App. 1-44 Name of Law: null
   US Code: 50 USC 1701-1706 Name of Law: null
   US Code: 22 USC 287c Name of Law: null
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
1505-AA00	Final or interim final rulemaking	80 FR 56915	09/21/2015

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Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

table that charts list of burden

IC Title	Form No.	Form Name
Reporting, Procedures and Penalties Regulations	TD F 90-22.50, TD F 93.04, TD F 93.02, TD F 98-22.61, TD F 93.07	Annual Report of Blocked Property ,   Trade Sanctions Reform and Export Enhancement Application ,   Report of Blocked Transactions ,   Report of Rejected Transactions ,   OFAC License Application Cover Letter

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ICR Summary of Burden

table that charts list 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	44,091	42,086	0	2,005	0	0
Annual Time Burden (Hours)	47,379	45,376	0	2,003	0	0
Annual Cost Burden (Dollars)	0	453,760	0	-453,760	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Changing Regulations

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

Burden Reduction Due to:

Short Statement: This submission is being made for revision purposes. Adjustments in the agency estimate were made to reflect recent changes in OFAC's Cuba regulations, 31 CFR part 515, increasing the number of reporting requirements. This adjustment resulted in an increase of 2,005 responses, and an increase of 2,003 burden hours. In addition, a reporting error regarding the nature of the cost burden is being corrected. Previous submissions identified costs associated with labor hours. There are no annualized startup costs, so the cost reported here is corrected to zero.

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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]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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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: 09/18/2015

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