Submissions will provide the U.S.
Government with information to be used in enforcing various
economic sanctions programs administered by OFAC under 31 CFR
Chapter V.
US Code:
50 USC 1701-1706 Name of Law: International Emergency Economic
Powers Act
US Code: 22
USC 287c Name of Law: United Nations Participation Act of
1945
US Code: 50
USC 4301 Name of Law: Trading with the Enemy Act
The estimated responses
represent a significant increase from the 137,084 responses in the
previously emergency approval request for this authority (see
reference tables in supporting statement). First, OFAC is
consolidating several information collection requests into this
submission, which accounts for a significant portion of the
increase in number of responses. In particular, the new estimate of
1,800,000 responses for certifications required in relation to Cuba
remittance services (1505-0167), 565,000 responses for
certifications required in relation to Cuba travel services
(1505-0168), and two responses for reports associated with closing
correspondent accounts (1505-0243 and 1505-0255), which were
previously included in separate information collection requests.
The increase in responses will be effectively offset when the OMB
Control Numbers for the historical ICRs are discontinued. The
consolidation of collection 1505-0170, Application for the Release
of Blocked Funds (TD-F 90-22.54), did not result in an increase in
number of responses because the estimated number of responses,
9,700, was previously included in the estimated responses for the
number of Licensing Cover Sheets (TD-F- 90-22.61) in the emergency
approval request for this authority. However, because the estimated
burden for an Application for the Release of Blocked Funds is
higher than the estimated burden for a Licensing Cover Sheet, the
changes in burden and estimated cost are included in this ICR. The
burden of the recordkeeping requirements imposed pursuant to 31 CFR
§ 515.572 with respect to Cuba-related travel and remittances is
assessed to be negligible (one minute or less) as the certification
that is collected and stored for each relevant transaction may be
in any form (as determined by the authorized remittances or travel
services providers). Numerous factors are relevant with respect to
calculating the estimated burden associated with the information
collection and recordkeeping requirements associated with this
collection. Of necessity, OFAC utilizes historical burden data in
forecasting future burden hours. In future years, OFAC expects that
new sanctions programs may be created, or additional prohibitions
imposed under existing programs, and other programs or prohibitions
may be terminated, which may slightly increase or decrease the
burden associated with this collection authority. The creation of
new programs or prohibitions, or the elimination of programs or
prohibitions, are difficult to estimate as these changes are often
responding to specific and unforeseeable foreign policy
developments and considerations. However, these changes may have an
impact on the time and cost estimates under this collection
authority. At the same time, OFAC has been working to streamline
the reporting process, and to update its technologies to assist
submitters in the reporting process with a view toward reduction of
the overall burden on submitters of required reports. For example,
the ORS electronic reporting system, which was recently mandated
for certain reports, continues to reduce the burden of submitting
certain required reports for many submitters, including many large,
higher-volume filers. OFAC expects this small burden reduction
trend to continue as more submitters utilize ORS and reporting of
additional forms and information becomes available via ORS in the
future. In addition, OFAC continues to finetune its methodology for
calculating burden in an effort to be more precise and accurate in
its burden estimates and calculations.
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.
Form TD F 90-22.50 Reporting, Procedures and Penalties Regulations
RPPR PRA Supporting Statement Renewal (12.16.2024 Final).docx
Reporting, Procedures and Penalties Regulations