Search Results for citation:"89 FR 95357"

Found 2 results

Search Results: citation:"89 FR 95357"

💰 Only
Oldest Newest
  • 2024-28119 — Agency Information Collection Activities; Submission for OMB Review; Comment Request; Schedule of Excess Risks
    Type:Notice
    Citation:89 FR 95357
    Reading Time:about a minute or two

    The Department of the Treasury is seeking public comments on its proposed information collection activities. They plan to submit these requests to the Office of Management and Budget (OMB) for review and approval following the requirements of the Paperwork Reduction Act of 1995. Interested individuals have until January 2, 2025, to provide their feedback. The information collection involves the Schedule of Excess Risks under the Bureau of the Fiscal Service, which helps in analyzing the solvency and contractual capabilities of companies certified by the Treasury.

    Simple Explanation

    The government wants to check how safe and strong some companies are by collecting special information from them, and people have until January 2, 2025, to say what they think about this plan. They're making sure the companies are safe, but some parts of the plan, like how they keep the information private or what happens if companies break the rules, aren't very clear yet.

  • 2024-28099 — Agency Information Collection Activities; Submission for OMB Review; Comment Request; Purchases of Bank Checks and Drafts, Cashier's Checks, Money Orders, and Traveler's Checks
    💰
    Type:Notice
    Citation:89 FR 95357
    Reading Time:about 2 minutes

    The Department of the Treasury is seeking public feedback on their information collection requests related to the sale of financial instruments like bank checks and money orders. These rules are part of efforts to comply with the Bank Secrecy Act, which requires record-keeping for transactions involving $3,000 or more to prevent illegal activities. The public is invited to provide comments by January 2, 2025. This collection primarily impacts businesses and aims to track large cash transactions more effectively.

    Simple Explanation

    The Department of the Treasury wants people to comment on their plan to keep track of big cash transactions, like when someone buys a big check or money order. This helps them make sure no one is doing sneaky things with money.