The Office of the Comptroller of the Currency (OCC) is seeking public comments on the renewal of an information collection effort titled, “Interagency Statement on Complex Structured Finance Transactions.” This initiative, required by the Paperwork Reduction Act of 1995, aims to reduce paperwork and burden on respondents by soliciting public feedback on the necessity and practicality of the information collected. The OCC invites comments by May 12, 2025, on aspects such as the collection’s utility, accuracy of burden estimates, ways to enhance the information quality, and methods to minimize respondent burden, including the use of technology. This notice marks the start of a 60-day comment period before the OCC will submit the collection for approval.
Simple Explanation
The Office of the Comptroller of the Currency (OCC) wants to know what people think about a set of rules that help manage tricky money deals. They are asking if these rules are useful and if there are easier ways to follow them, especially using computers. People have until May 12, 2025, to share their thoughts.