Uniform Financial Reporting Requirements

Forms and Documents

Document Name	Status
Form MA-172 Uniform Financial Reporting Requirements Form and Instruction	Modified
2133-0005 Uniform Financial Reporting Requirements_MARADs Responses.docx Supporting Statement A	2017-11-16
30-day FRN.pdf Supplementary Document	2017-07-14
60-day FRN.pdf Supplementary Document	2017-07-14

IC Document Collections

IC ID	Document Title	Status
26573	Uniform Financial Reporting Requirements Form and Instruction	Modified

ICR Details

OMB Control No: 2133-0005	ICR Reference No: 201707-2133-001
Status: Active	Previous ICR Reference No: 201407-2133-001
Agency/Subagency: DOT/MARAD	Agency Tracking No: 2133-0005
Title: Uniform Financial Reporting Requirements
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 01/19/2018
	Date Received in OIRA: 08/03/2017
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	01/31/2021	36 Months From Approved	01/31/2018
Responses	100	0	132
Time Burden (Hours)	950	0	1,254
Cost Burden (Dollars)	0	0	0

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Abstract: The Uniform Financial Reporting Requirements collection is required to obtain and/or retain benefits. The Form MA-172, is sent to, and prepared by, companies doing business with MARAD in order to determine compliance with regulatory and contractual requirements. It is used as a basis for preparing and filing semi-annual and annual financial statements with MARAD. Companies are required to provide their financial data to MARAD twice a year. Regulations requiring financial reports to MARAD are authorized by Section 801, Merchant Marine Act, 1936, as amended (46 App. U.S.C. 1211). Financial Reports are also required by regulation of purchasers of ships from MARAD on credit, companies chartering ships from MARAD, and of companies having Title XI guarantee obligations (46 CFR Part 298). The information is used within MARAD, retained for 3-5 years and is not disclosed outside of the agency (it is confidential business information).

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Authorizing Statute(s): US Code: 46 USC 1211 Name of Law: Section 801, Merchant Marine Act, 1936
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	82 FR 18966	04/24/2017
30-day Notice:	Federal Register Citation:	Citation Date:
	82 FR 31389	07/06/2017
Did the Agency receive public comments on this ICR? No

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

IC Title	Form No.	Form Name
Uniform Financial Reporting Requirements	MA-172	Financial Report of Ship Carriers (Part 1)

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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	100	132	0	0	-32	0
Annual Time Burden (Hours)	950	1,254	0	0	-304	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: Since 2014 there has been a decrease in the number of companies participating in the agency programs that require filing of the MA-172 from 66 to 50.

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Annual Cost to Federal Government: $1,218

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

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     Yes

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: 08/03/2017

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