The Department of the Treasury is seeking public comments on its proposed information collection activities. They plan to submit these requests to the Office of Management and Budget (OMB) for review and approval following the requirements of the Paperwork Reduction Act of 1995. Interested individuals have until January 2, 2025, to provide their feedback. The information collection involves the Schedule of Excess Risks under the Bureau of the Fiscal Service, which helps in analyzing the solvency and contractual capabilities of companies certified by the Treasury.
Simple Explanation
The government wants to check how safe and strong some companies are by collecting special information from them, and people have until January 2, 2025, to say what they think about this plan. They're making sure the companies are safe, but some parts of the plan, like how they keep the information private or what happens if companies break the rules, aren't very clear yet.