Search Results for keywords:"recordkeeping requirements"

The Agricultural Marketing Service is seeking public comments on an extension and revision of an existing information collection under the Packers and Stockyards Act. This information helps monitor the livestock, meat packing, and poultry industries and ensures entities are complying with financial and trade practices. Comments are being accepted until January 31, 2025, and the public can provide input on the necessity, utility, and methods of this data collection. The agency estimates that participating in this collection will require an average of 1.73 hours per response from various stakeholders like livestock auction markets and meat packers.

The Department of Labor submitted an information collection request to the Office of Management and Budget for approval under the Paperwork Reduction Act. This request is focused on collecting data related to the safety and health measures for refuse piles and impoundment structures in mining operations, which are critical for preventing accidents and injuries. Public comments are invited on whether the information collection is necessary and how it might be improved, with all feedback due by February 18, 2021. The Department aims to minimize the burden on businesses by using efficient data collection methods.

The Veterans Health Administration within the Department of Veterans Affairs is collecting comments on a proposed information gathering activity under the Paperwork Reduction Act. This initiative concerns recordkeeping, incident reporting, and applications for the Community Residential Care (CRC) Program, including Medical Foster Homes (MFHs). CRC facilities must maintain and provide resident records and report any incidents of mistreatment or neglect. The notice details the forms used for CRC and MFH applications, noting the estimated burden hours and response numbers for these tasks.

The Transportation Security Administration (TSA) is seeking public feedback on an information collection request related to aircraft repair station security. This request, which has been approved before, needs an extension from the Office of Management and Budget. TSA requires aircraft repair stations with FAA certification to follow specific security measures, such as having a TSA contact and ensuring that aircraft are not left unattended. Owners and operators of these stations must keep accurate records and can appeal if TSA finds security issues that might lead to certificate suspension. There are over 4,000 such stations in the U.S. and more than 900 abroad, and complying with these rules is expected to take 412 hours collectively each year.

The Centers for Medicare & Medicaid Services (CMS) has announced a chance for the public to comment on their plan to collect information under the Paperwork Reduction Act of 1995. The public has until February 18, 2025, to share their thoughts about the need and usefulness of the information being collected, as well as suggestions for minimizing the burden of this process. Specifically, CMS is focusing on maintaining records for grandfathered health plans under the Affordable Care Act, which are plans that have specific exemptions from newer rules. CMS is seeking feedback to enhance these processes while ensuring transparency and compliance with the law.

The Office of the Comptroller of the Currency (OCC), a part of the Treasury Department, has announced a request for public comments on a revised information collection about Appraisal Management Companies as required by the Paperwork Reduction Act of 1995. This collection involves recordkeeping requirements for managing appraisal companies, as directed by the Dodd-Frank Act. The deadline for submitting comments is January 21, 2025. The OCC has reduced the estimated annual paperwork burden from 2,455 hours in 2021 to 1,991 hours due to fewer respondents.

The Federal Deposit Insurance Corporation (FDIC) has announced that it is granting temporary relief to certain financial institutions. These institutions, which manage mortgage servicing accounts, are being given until March 31, 2022, to meet specific technology and recordkeeping requirements necessary for calculating deposit insurance. This relief period is intended to allow these institutions more time to improve their systems and processing capabilities. The FDIC will continue to monitor the situation and may change or withdraw the relief if needed.

The Federal Railroad Administration (FRA), part of the Department of Transportation, is requesting public comments on its proposed Information Collection Request (ICR) under the Paperwork Reduction Act of 1995. This ICR is about Railroad Workplace Safety, which involves collecting data to ensure railroads have proper safety programs for roadway workers. The FRA seeks comments specifically on the necessity and accuracy of these information collection activities and ways to reduce the burden on the public. The estimated paperwork burden has increased due to new recordkeeping requirements, and the FRA invites feedback by May 27, 2025.

The Commodity Futures Trading Commission (CFTC) is seeking public comments on its plan to renew the information collection requirements related to risk management for clearing members involving Futures Commission Merchants (FCMs), Swap Dealers (SDs), and Major Swap Participants (MSPs). The agency regulations mandate these members to maintain risk management systems, conduct stress tests, and keep records to manage financial risks effectively and support the efficient operation of trading venues. Individuals can submit comments by April 7, 2025, and the CFTC encourages suggestions on improving the information collection process.

The Board of Governors of the Federal Reserve System has issued a notice to seek public feedback on a proposal to continue, for three more years without changes, the recordkeeping requirements related to interbank liabilities. These requirements are detailed under Regulation F and are intended to limit the credit exposure of insured depository institutions to other banks to reduce risk. Public comments are invited on various aspects of the proposal, including its necessity, the estimated burden on respondents, and possible ways to improve or streamline the data collection process. The deadline for submitting comments is April 5, 2021.