Capital Construction Fund and Exhibits

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Published 30-Day FRN for 2023-0027 4.18.2023.pdf	Supplementary Document	Uploaded 2023-04-19	Repair queued
Public Law 117-263 National Defense Authorization Act for Fiscal Year 2023 12.23.2022.pdf	Supplementary Document	Uploaded 2023-04-19	Repair queued
46 USC Chapter 535-Section 53501 Capital Construction Funds 12.31.2021.pdf	Supplementary Document	Uploaded 2023-04-06	Repair queued
46 CFR 391 Federal Income Tax Aspects of the Capital Contruction Fund 10.1.2021.pdf	Supplementary Document	Uploaded 2023-04-06	Available
46 CFR 390 Capital Contruction Fund 10.1.2021.pdf	Supplementary Document	Uploaded 2023-04-06	Repair queued
Published 60-Day FRN for 2023-0027 2.13.2023.pdf	Supplementary Document	Uploaded 2023-04-06	Repair queued
Supporting Statement A for 2133-0027 4.11.2023.docx	Supporting Statement A	Uploaded 2023-04-19	Repair queued

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
26613	Capital Construction Fund and Exhibits		Modified

ICR Details

OMB Control No: 2133-0027	ICR Reference No: 202304-2133-001
Status: Historical Active	Previous ICR Reference No: 201911-2133-001
Agency/Subagency: DOT/MARAD	Agency Tracking No:
Title: Capital Construction Fund and Exhibits
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: 06/11/2023
Retrieve Notice of Action (NOA)	Date Received in OIRA: 04/20/2023
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	06/30/2026	36 Months From Approved	06/30/2023
Responses	243	0	143
Time Burden (Hours)	3,281	0	1,931
Cost Burden (Dollars)	0	0	0

---

Abstract: This information collection consists of an application for a Capital Construction Fund (CCF) agreement under 46 U.S.C. chapter 535 and annual submissions of appropriate schedules and exhibits. The Capital Construction Fund is a tax-deferred ship construction fund that was created to assist owners and operators of U.S.-flag vessels in accumulating the large amount of capital necessary for the modernization and expansion of the U.S. merchant marine. The program encourages construction, reconstruction, or acquisition of vessels through the deferment of Federal income taxes on certain deposits of money or other property placed into a CCF.

---

Authorizing Statute(s): US Code: 46 USC 53501 Name of Law: Shipping
  

Citations for New Statutory Requirements: None

---

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

---

Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	88 FR 9322	02/13/2023
30-day Notice:	Federal Register Citation:	Citation Date:
	88 FR 23727	04/18/2023
Did the Agency receive public comments on this ICR? No

---

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

table that charts list of burden

IC Title	Form No.	Form Name
Capital Construction Fund and Exhibits

---

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	243	143	0	100	0	0
Annual Time Burden (Hours)	3,281	1,931	0	1,350	0	0
Annual Cost Burden (Dollars)	0	0	0	0	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: On December 23, 2022, the James M. Inhofe National Defense Authorization Act for Fiscal Year 2023 (Public Law 117-263) became law and expanded the range of shipowners that can use the CCF program. MARAD has received numerous inquiries about the expansion and anticipates a near-doubling of participation in the program from shipowners who were previously ineligible for the program. The addition of an estimated 100 new applicants adds significantly to the public burden for this collection. During this renewal the total responses and responses increased from 143 to 243, for a difference of 100 since the last renewal in 2020. Consequently, the total burden hours have also risen from 1,931 to 3,281 since the last renewal, for a difference of 1,350 hours.

---

Annual Cost to Federal Government: $297,837

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.     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? No

---

Common Form ICR:  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:

(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: 04/20/2023

---