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The Department of Labor has issued a notice to request public comments on an information collection related to foreign currency transactions involving employee benefit plans. This is conducted under a class exemption that allows certain financial institutions to engage in such transactions with the plans, provided certain conditions are met. The public can submit comments or feedback until April 14, 2025, and the Department aims to ensure the transaction processes protect the interests of plan participants. The collection seeks to gather input on the necessity, accuracy, and impact of the information collection, which is subject to approval by the Office of Management and Budget.

The Department of the Treasury is seeking feedback from the public and other agencies on a proposed extension of its current data collection requirements related to international capital and foreign currency transactions. These recordkeeping requirements help the Treasury to manage U.S. claims and liabilities involving foreigners, securities transactions with foreigners, and foreign currency transactions of U.S. businesses. The department is requesting comments on various aspects of these requirements, including their necessity, accuracy, and ways to reduce the paperwork burden on businesses. Written comments should be submitted by April 28, 2025.