Regulations Pertaining to Mergers, Acquisitions and Takeovers by Foreign Persons

ICR 202001-1505-002

OMB: 1505-0121

Federal Form Document

ICR Details
1505-0121 202001-1505-002
Historical Active 201810-1505-001
TREAS/DO
Regulations Pertaining to Mergers, Acquisitions and Takeovers by Foreign Persons
Revision of a currently approved collection   No
Regular
Approved without change 01/28/2020
Retrieve Notice of Action (NOA) 01/28/2020
  Inventory as of this Action Requested Previously Approved
01/31/2023 36 Months From Approved 11/30/2021
1,100 0 380
57,400 0 20,080
0 0 0

Treasury disseminates to other agencies that are members of the Committee on Foreign Investment in the United States information collected under the regulations from parties involved in a foreign acquisition of a U.S. company in order to do a national security analysis of the acquisition.

PL: Pub.L. 100 - 49 721 Name of Law: Foreign Investment and National Security Act of 2007
   PL: Pub.L. 115 - 232 Subtitle A Name of Law: Foreign Investment Risk Review Modernization Act of 2018
  
PL: Pub.L. 115 - 232 Subtitle A Name of Law: the Foreign Investment Risk Review Modernization Act of 2018

1505-AC64 Final or interim final rulemaking 85 FR 3112 01/17/2020

No

  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 1,100 380 720 0 0 0
Annual Time Burden (Hours) 57,400 20,080 37,320 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
Due to the uncertainty in how many more notices and declarations will be submitted as a result of these proposed rules, the Department of the Treasury is estimating that the number of respondents will increase from the previously-approved information collections for notices under part 800 and from the estimated number of declarations for the Pilot Program Interim Rule. The estimated number of burden hours increased by 37,320 hours, primarily due to the addition of covered investments and covered real estate transactions, which were not subject to CFIUS jurisdiction previously. The Department of the Treasury also estimates an increase in the cost to the Federal Government in Item 14, due to the expected increase in the number of FTEs working on CFIUS matters.

$25,900,000
No
    Yes
    No
No
No
No
Uncollected
Benjamin Joseloff 202 622-9741 [email protected]

  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.
09/25/2019


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