The Department of Commerce is submitting a request for review and approval of an information collection to the Office of Management and Budget (OMB). This request extends an existing information collection related to the transfer of export licenses under specific circumstances, such as company mergers. The collection ensures that the new license holders comply with export rules and is vital for maintaining accountability. The public is invited to comment within 30 days, and more information can be found on www.reginfo.gov.
Simple Explanation
The Department of Commerce wants to make sure when companies change hands, like in a merger, the new owners use their special "export permission slips" correctly. They are asking people to give their thoughts on this process to ensure everything works smoothly.