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.
Simple Explanation
The Department of the Treasury wants to know what people think about their rules for keeping track of money and trade with other countries. They want ideas on how to make it easier for people to fill out these forms by April 28, 2025.