2024 60-Day FRN 3038-0021

2024 60-Day FRN 3038-0021 (89 FR 51315).pdf

Regulations Governing Bankruptcies of Commodity Brokers

2024 60-Day FRN 3038-0021

OMB: 3038-0021

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Federal Register / Vol. 89, No. 117 / Monday, June 17, 2024 / Notices
IV. Request for Comments
The USPTO is soliciting public
comments to:
(a) Evaluate whether the collection of
information is necessary for the proper
performance of the functions of the
Agency, including whether the
information will have practical utility;
(b) Evaluate the accuracy of the
Agency’s estimate of the burden of the
collection of information, including the
validity of the methodology and
assumptions used;
(c) Enhance the quality, utility, and
clarity of the information to be
collected; and
(d) Minimize the burden of the
collection of information on those who
are to respond, including through the
use of appropriate automated,
electronic, mechanical, or other
technological collection techniques or
other forms of information technology,
e.g., permitting electronic submission of
responses.
All comments submitted in response
to this notice are a matter of public
record. The USPTO will include or
summarize each comment in the request
to OMB to approve this information
collection. Before including an address,
phone number, email address, or other
personally identifiable information (PII)
in a comment, be aware that the entire
comment—including PII—may be made
publicly available at any time. While
you may ask in your comment to
withhold PII from public view, the
USPTO cannot guarantee that it will be
able to do so.
Justin Isaac,
Information Collections Officer, Office of the
Chief Administrative Officer, United States
Patent and Trademark Office.
[FR Doc. 2024–13275 Filed 6–14–24; 8:45 am]
BILLING CODE 3510–16–P

COMMODITY FUTURES TRADING
COMMISSION
Agency Information Collection
Activities: Notice of Intent To Extend
Collection 3038–0021, Regulations
Governing Bankruptcies of Commodity
Brokers
Commodity Futures Trading
Commission.
ACTION: Notice.

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AGENCY:

The Commodity Futures
Trading Commission (CFTC or
Commission) is announcing an
opportunity for public comment on the
proposed extension of the collection of
certain information by the agency.
Under the Paperwork Reduction Act

SUMMARY:

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(PRA), Federal agencies are required to
publish notice in the Federal Register
concerning each proposed collection of
information, including each proposed
extension of an existing collection, and
to allow 60 days for public comment.
This notice solicits comments on the
collection of information provided for
by the Commission’s regulations
governing bankruptcies of commodity
brokers.
DATES: Comments must be submitted on
or before August 16, 2024.
ADDRESSES: You may submit comments,
identified by OMB Control No. 3038–
0021, by any of the following methods:
• The agency’s website, at https://
www.cftc.gov. Follow the instructions
for submitting comments through the
website.
• Mail: Christopher Kirkpatrick,
Secretary of the Commission,
Commodity Futures Trading
Commission, Three Lafayette Centre,
1155 21st Street NW, Washington, DC
20581.
• Hand Delivery/Courier: Same as
Mail, above.
Please submit your comments using
only one of these methods. All
comments must be submitted in
English, or if not, accompanied by an
English translation. Comments will be
posted as received to https://
www.cftc.gov.
FOR FURTHER INFORMATION CONTACT:
Robert B. Wasserman, Chief Counsel
and Senior Advisor, Division of Clearing
and Risk, Commodity Futures Trading
Commission, (202) 418–5092; email:
[email protected].
SUPPLEMENTARY INFORMATION: Under the
PRA, Federal agencies must obtain
approval from the Office of Management
and Budget (OMB) for each collection of
information they conduct or sponsor.
‘‘Collection of Information’’ is defined
in 44 U.S.C. 3502(3) and 5 CFR 1320.3
and includes agency requests or
requirements that members of the public
submit reports, keep records, or provide
information to a third party. An agency
may not conduct or sponsor, and a
person is not required to respond to, a
collection of information unless it
displays a valid OMB control number.
Section 3506(c)(2)(A) of the PRA, 44
U.S.C. 3506(c)(2)(A), requires Federal
agencies to provide a 60-day notice in
the Federal Register concerning each
proposed collection of information
before submitting the collection to OMB
for approval. To comply with this
requirement, the CFTC is publishing
notice of the proposed extension of the
collection of information listed below.
Title: Regulations Governing
Bankruptcies of Commodity Brokers

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51315

(OMB Control No. 3038–0021). This is
a request for an extension of a currently
approved information collection.1
Abstract: This collection of
information involves the reporting,
recordkeeping, and third party
disclosure requirements set forth in the
CFTC’s bankruptcy regulations for
commodity broker liquidations, 17 CFR
part 190. These regulations apply to
commodity broker liquidations under
Chapter 7, Subchapter IV of the
Bankruptcy Code.2 The reporting
requirements include, for example,
notices to the Commission regarding the
filing of petitions for bankruptcy and
notices to the Commission regarding the
intention to transfer open commodity
contracts in a commodity broker
liquidation. The recordkeeping
requirements include, for example, the
statements of customer accounts that a
trustee appointed for the purposes of a
commodity broker liquidation (Trustee)
must generate and adjust as set forth in
the regulations. The third party
disclosure requirements include, for
example, the disclosure statement that a
commodity broker must provide to its
customers containing information
regarding the manner in which
customer property is treated under part
190 of the Commission’s regulations in
the event of a bankruptcy and, in the
event of a commodity broker
liquidation, certain notices that a
Trustee must provide to customers and
to the persons to whom commodity
contracts and specifically identifiable
customer property have been or will be
transferred. The information collection
requirements are necessary, and will be
used, to facilitate the effective, efficient,
and fair conduct of liquidation
proceedings for commodity brokers and
to protect the interests of customers in
these proceedings both directly and by
facilitating the participation of the CFTC
in such proceedings. With respect to the
collections of information, the CFTC
invites comments on:
• Whether the proposed collection of
information is necessary for the proper
1 There are two information collections associated
with OMB Control No. 3038–0021. The first
includes the reporting, recordkeeping, and third
party disclosure requirements applicable to a single
respondent in a commodity broker liquidation (e.g.,
a single commodity broker or a single trustee)
within the relevant time period provided for in
Commission regulations 190.02(b)(1), 190.02(b)(2),
190.02(c)(1), 190.02(c)(2), 190.02(c)(4), 190.05(b),
190.05(d), 190.07(b)(5), 190.12(a)(2), 190.12(b)(1),
190.12(b)(2), 190.12(c)(1), 190.12(c)(2), and
190.14(a), and 190.14(d). The second information
collection includes third party disclosure
requirements that are applicable on a regular basis
to multiple respondents (i.e., multiple FCMs)
provided for in Commission regulations 1.41, 1.43
and 1.55(p).
2 11 U.S.C. 761 et seq.

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51316

Federal Register / Vol. 89, No. 117 / Monday, June 17, 2024 / Notices

performance of the functions of the
Commission, including whether the
information will have a practical use;
• The accuracy of the Commission’s
estimate of the burden of the proposed
collection of information, including the
validity of the methodology and
assumptions used;
• Ways to enhance the quality,
usefulness, and clarity of the
information to be collected; and
• Ways to minimize the burden of the
collection of information on those who
are to respond, including through the
use of appropriate automated electronic,
mechanical, or other technological
collection techniques or other forms of
information technology; e.g., permitting
electronic submission of responses.
You should submit only information
that you wish to make available
publicly. If you wish the Commission to
consider information that you believe is
exempt from disclosure under the
Freedom of Information Act (FOIA), a
petition for confidential treatment of the
exempt information may be submitted
according to the procedures established
in § 145.9 of the Commission’s
regulations.3
The Commission reserves the right,
but shall have no obligation, to review,
pre-screen, filter, redact, refuse or
remove any or all of your submission
from https://www.cftc.gov that it may
deem to be inappropriate for
publication, such as obscene language.
All submissions that have been redacted
or removed that contain comments on
the merits of the information collection
requirements will be retained in the
public comment file and will be
considered as required under the
Administrative Procedure Act and other
applicable laws, and may be accessible
under the FOIA.
Burden Statement: The Commission
notes that commodity broker
liquidations occur at unpredictable and
irregular intervals when particular
commodity brokers become insolvent.
While a commodity broker liquidation
has not occurred in the past three years,
the Commission took the conservative
approach of maintaining the
assumptions contained in the previous
renewal of this information collection
that, on average, a Futures Commission
Merchant (‘‘FCM’’) commodity broker
liquidation would occur every three
years and that a Derivatives Clearing
Organization (‘‘DCO’’) commodity
broker liquidation would occur every
fifty years. The Commission generally
has retained the burden hour estimates
set forth in the previous information
collection as there have been no interim
3 17

CFR 145.9.

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experiences nor are there currently
apparent circumstances that would
warrant altering those estimates. The
Commission further notes, however,
that the information collection burden
will vary in particular commodity
broker liquidations depending on the
size of the commodity broker, the extent
to which accounts are able to be quickly
transferred, and other factors specific to
the circumstances of the liquidation.
The respondent burden for this
information collection is estimated to be
as follows: 4
• Reporting—FCMs 5
Estimated Number of Respondents: 1.
Estimated Annual Number of
Responses per Respondent: 1.
Estimated Total Annual Number of
Responses: 1.
Estimated Annual Number of Burden
Hours per Respondent: 1.
Estimated Total Annual Burden
Hours: 1.
Type of Respondents: FCM
commodity brokers who have filed a
petition in bankruptcy, Trustees.
Frequency of Collection: On occasion.
• Recordkeeping—FCMs 6
Estimated Number of Respondents: 1.
Estimated Annual Number of
Responses per Respondent: 26,666.67.
Estimated Total Annual Number of
Responses: 26,666.67.
Estimated Annual Number of Burden
Hours per Respondent: 266.67.
Estimated Total Annual Burden
Hours: 266.67.
Type of Respondents: Trustees.
Frequency of Collection: Only during
the pendency of an FCM bankruptcy:
daily and on occasion.
• Third Party Disclosures Applicable to
a Single Respondent—FCMs 7
Estimated Number of Respondents: 1.
Estimated Annual Number of
Responses per Respondent: 10,003.32.
Estimated Total Annual Number of
Responses: 10,003.32.
Estimated Annual Number of Burden
Hours per Respondent: 1,336.66.
Estimated Total Annual Burden
Hours: 1,336.66.
4 Because an FCM commodity broker liquidation
is estimated to occur only once every three years,
this information collection expresses such burdens
in terms of those that would be imposed on one
respondent during the three-year period.
5 The reporting requirements for FCMs are
contained in Commission regulations 190.03(b)(1)
and 190.03(b)(2).
6 The recordkeeping requirements for FCMs are
contained in Commission regulations 190.05(b) and
190.05(d).
7 These third party disclosure requirements are
contained in Commission regulations 190.03(c)(1),
190.03(c)(2), 190.02(c)(4), and 190.07(b)(5).

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Type of Respondents: Trustees.
Frequency of Collection: On occasion.
• Reporting—DCOs 8
Estimated Number of Respondents: 9
1.
Estimated Annual Number of
Responses per Respondent: 1.
Estimated Total Annual Number of
Responses: 1.
Estimated Annual Number of Burden
Hours per Respondent: 2.98.
Estimated Total Annual Burden
Hours: 0.61.
Type of Respondents: DCO
commodity brokers who have filed a
petition in bankruptcy, Trustees.
Frequency of Collection: On occasion.
• Recordkeeping—DCOs 10
Estimated Number of Respondents: 1.
Estimated Annual Number of
Responses per Respondent: 9.
Estimated Total Annual Number of
Responses: 9.
Estimated Annual Number of Burden
Hours per Respondent: 0.9.
Estimated Total Annual Burden
Hours: 0.9.
Type of Respondents: Trustees.
Frequency of Collection: Only during
the pendency of a DCO bankruptcy:
daily.
• Third Party Disclosures Applicable to
a Single Respondent—DCOs 11
Estimated Number of Respondents: 1.
Estimated Annual Number of
Responses per Respondent: 0.9.
Estimated Total Annual Number of
Responses: 0.9.
Estimated Annual Number of Burden
Hours per Respondent: 0.18.
Estimated Total Annual Burden
Hours: 0.18.
Type of Respondents: Trustees.
Frequency of Collection: On occasion.
• Third Party Disclosures Applicable to
Multiple Respondents During Business
as Usual 12
Estimated Number of Respondents:
125.
8 The reporting requirements for DCOs are
contained in Commission regulations 190.12(a)(2),
190.12(b)(1), 190.12(b)(2), 190.12(c)(1), and
190.12(c)(2).
9 Because a DCO commodity broker liquidation is
estimated to occur only once every fifty years, this
information collection expresses such burdens in
terms of those that would be imposed on one
respondent during the fifty-year period.
10 The recordkeeping requirements for DCOs are
contained in Commission regulation 190.14(d).
11 The third-party disclosure requirements for
DCOs are contained in Commission regulation
190.14(a).
12 The third-party disclosure requirements that
are applicable on a regular basis to multiple
respondents (i.e., multiple FCMs) are contained in
Commission regulations 1.41, 1.43 and 1.55(p).

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Federal Register / Vol. 89, No. 117 / Monday, June 17, 2024 / Notices
Estimated Annual Number of
Responses per Respondent: 3,000.
Estimated Total Annual Number of
Responses: 375,000.
Estimated Annual Number of Burden
Hours per Respondent: 60.
Estimated Total Annual Burden
Hours: 7,500.
Type of Respondents: FCMs.
Frequency of Collection: On occasion.
There are no new capital or start-up
or operations costs associated with this
information collection, nor are there any
maintenance costs associated with this
information collection.
Authority: 44 U.S.C. 3501 et seq.
Dated: June 12, 2024.
Robert Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2024–13254 Filed 6–14–24; 8:45 am]
BILLING CODE 6351–01–P

DEPARTMENT OF EDUCATION
Applications for New Awards; From
Seedlings to Scale Grant Program and
Research Networks Focused on
Critical Problems of Education Policy
and Practice
Institute of Education Sciences,
Department of Education.
ACTION: Notice.
AGENCY:

The Department of Education
(Department) is issuing a notice inviting
applications for new awards for fiscal
year (FY) 2025 for the Education
Research Grant Programs.
DATES:
Application Packages Available: June
20, 2024.
Deadline for Transmittal of
Applications: August 15, 2024.
ADDRESSES: For the addresses for
obtaining and submitting an
application, please refer to our Common
Instructions for Applicants to
Department of Education Discretionary
Grant Programs, published in the
Federal Register on December 7, 2022
(87 FR 75045) and available at
www.federalregister.gov/documents/
2022/12/07/2022-26554/commoninstructions-for-applicants-todepartment-of-education-discretionarygrant-programs.
FOR FURTHER INFORMATION CONTACT: Erin
Higgins. Telephone: 202–987–1531.
Email: [email protected].
If you are deaf, hard of hearing, or
have a speech disability and wish to
access telecommunications relay
services, please dial 7–1–1.
SUPPLEMENTARY INFORMATION:

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SUMMARY:

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Full Text of Announcement
I. Funding Opportunity Description
Purpose of Program: In awarding
research grants, the Institute of
Education Sciences (IES) intends to
provide national leadership in
expanding knowledge and
understanding of (1) education
outcomes for all learners from early
childhood education through
postsecondary and adult education, and
(2) employment and wage outcomes
when relevant (such as for those
engaged in career and technical,
postsecondary, or adult education). The
IES research grant programs are
designed to provide interested
individuals and the general public with
reliable and valid information about
education practices that support
learning and improve academic
achievement and access to education
opportunities for all learners. These
interested individuals include parents,
educators, learners, researchers, and
policymakers. In carrying out its grant
programs, IES provides support for
programs of research in areas of
demonstrated national need.
Assistance Listing Numbers: 84.305I
and 84.305N.
OMB Control Number: 4040–0001.
Competitions in This Notice:
The IES National Center for Education
Research (NCER) is announcing two
competitions: From Seedlings to Scale
and Research Networks Focused on
Critical Problems of Education Policy
and Practice. We published a request for
information in the Federal Register on
October 12, 2023 (88 FR 70652)
describing the purpose and goals for the
From Seedlings to Scale program.
From Seedlings to Scale (ALN
84.305I). Through this program, IES will
invest in innovative products, policies,
and processes within an identified focus
area through three phases of increasing
funding and time duration to support
ideas as they grow from seedlings to
scalable solutions. In this notice, IES is
inviting applications to Phase One.
During this initial phase, teams will
clarify their understanding of the
problem, refine their solution—which
could be a product, policy, or process—
through engagement with relevant
stakeholders, and build out a detailed
plan for further research and
development (R&D). Phase One teams
will apply for Phase Two funding and
will need to provide a compelling
rationale generated from the Phase One
work that the idea is worth further
investment and a detailed R&D plan for
how they will develop their idea into a
scalable solution and generate evidence
of impact. Teams that move onto Phase

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Two will develop their concept into a
fully functioning initial version of the
solution. IES may, at its discretion,
support additional work in Phase Three.
This third phase would focus on
evaluating the impact of the solution
across multiple settings and contexts
and laying the foundation to scale the
solution to users. Additional
information about the phased nature of
this competition is provided in the
request for applications (RFA). Projects
will incorporate high-quality research,
solution development, and attention to
sustainability and scaling throughout all
phases. For the FY 2025 competition,
NCER will consider only applications
that address the following topic:
Æ Phase One projects for the Seamless
Personalized Education Experiences
Delivered at Scale (SPEED at Scale)
focus area. The SPEED at Scale focus
area aims to develop innovative
solutions that allow teachers to
seamlessly provide personalized
instruction for PreK–12 grade students.
Research Networks Focused on
Critical Problems of Education Policy
and Practice (ALN 84.305N). For the FY
2025 competition, NCER will only
consider applications that address the
following topic:
Æ Accelerate, Transform, Scale (ATS)
Initiative Hub. The ATS Initiative
supports education R&D to create
scalable solutions to improve education
outcomes for all learners and eliminate
persistent achievement and attainment
gaps. The ATS Initiative Hub will
support the establishment of new ATS
Initiative programs and provide highlevel support to IES in coordinating
existing programs that fall under this
new initiative.
Multiple Submissions: You may
submit applications to more than one of
the FY 2025 research grant programs
offered through the Department,
including those offered through IES as
well as those offered through other
offices and programs within the
Department. You may submit multiple
applications to each IES grant program
announced here as long as they address
different key issues, programs, or
policies. However, you may submit a
given application only once for the IES
FY 2025 grant competitions, meaning
you may not submit the same
application or similar applications to
multiple grant programs within IES, to
multiple topics within a grant
competition, or multiple times within
the same topic. If you submit multiple
similar applications, IES will determine
whether and which applications will be
accepted for review and/or will be
eligible for funding. In addition, if you
submit the same or similar application

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