Pursuant to 5
CFR 1320.11(c), OMB files this comment on this information
collection request (ICR. The agency shall examine public comment in
response to the NPRM and will describe in the supporting statement
of its next collection any public comments received regarding the
collection as well as why (or why it did not) incorporate the
commenter’s recommendation. The next submission to OMB must include
the draft final rule.
Inventory as of this Action
Requested
Previously Approved
06/30/2019
36 Months From Approved
06/30/2019
864
0
864
311,437
0
311,437
41,523,840
0
41,523,840
Form SD is filed by resource
extraction issuers to provide disclosures regarding the source and
chain of custody of conflict minerals in their products.
As explained in further detail
in Items 12 and 13 above, the increase in burden for Form SD
corresponds to new disclosure requirements for resource extraction
issuers. These disclosure requirements implement Section 13(q) by
requiring resource extraction issuers to include in an annual
report information about certain payments made to foreign
governments and the U.S. federal government. As discussed above,
the approximately 1,481 issuers required to file on Form SD
annually would increase the current paperwork burden under Form SD
from 311,437 hours to 601,315.2 hours, an increase of 289,878
hours. There would be a corresponding increase of $71,487,820 in
cost burden.
$50,000
No
No
No
Yes
No
Uncollected
Shehzad Niazi 202
551-3121
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.