The Department of the Treasury is seeking public comments on its proposed information collection activities related to the Office of Foreign Assets Control (OFAC). These activities involve renewing and revising the authority to collect information under various economic sanctions programs administered by OFAC. The Treasury department is consolidating several existing requests and introducing a new form related to economic sanctions on Russia. Comments are requested by January 27, 2025, and further details can be found on the specified government website.
Simple Explanation
The Department of Treasury wants to hear what people think about new plans to collect information to make sure rules about not trading with certain countries, like Russia, are followed. They are asking for feedback by January 27, 2025, and are also making some changes to the forms used to gather this information.