Search Results for agency_names:"Agency Information Collection Activities

The Department of Labor (DOL) is seeking public comments on a proposed information collection request concerning investment advice for participants and beneficiaries. This request is being reviewed under the Paperwork Reduction Act of 1995, and the public can submit comments until March 8, 2021. The regulation involves requirements for fiduciary advisers who offer investment advice, including disclosures, audits, and maintaining records. The DOL aims to secure approval from the Office of Management and Budget for a period of three years.

The Department of Labor (DOL) is requesting public comments on a proposed information collection related to the registration and identification of independent contractors for the Mine Safety and Health Administration (MSHA). This collection is intended to improve the enforcement of safety regulations and assess fines for violations. Comments are due by February 24, 2025, and can be submitted online. The collection is expected to impact businesses, with over 22,000 respondents anticipated, and necessitates over 18,000 hours annually to complete.

The Board of Governors of the Federal Reserve System has decided to extend the Report of Selected Money Market Rates (FR 2420) for another three years with some changes. This report collects daily transaction data from various financial institutions like banks and savings associations to study money market activities. They plan to add new data items about short-term bank funding and brokered transactions while removing references to LIBOR due to its discontinuation. The changes will take effect from February 9, 2026, and there were no public comments during the review period.

The Board of Governors of the Federal Reserve System has decided to extend, with some revisions, a key report, known as FR 2644, for another three years. This report collects data on the assets and liabilities of both U.S. commercial banks and foreign banks operating in the U.S. It helps analyze banking trends by gathering weekly data from a sample of 850 banks. The Board will allow smaller banks under $5 billion in assets to report once a month instead of weekly. These changes begin on April 2, 2025, and the Board received no public comments during the proposal's review period.

The Federal Bureau of Investigation (FBI)'s Criminal Justice Information Services (CJIS) Division announced its intent to submit a request for an information collection regarding the FBI Expungement and Sealing Form (FD-1114) to the Office of Management and Budget (OMB). This request is intended to ensure information accuracy within the FBI's systems and is required by federal regulations. The public has until April 28, 2025, to provide comments on the proposed collection. The information collection targets state, local, tribal, and federal governments, with an estimated 147,610 respondents and a total annual burden of 8,611 hours.

The Board of Governors of the Federal Reserve System is making changes to financial reporting requirements for holding companies and Edge corporations. These updates include revising the definitions and reporting instructions related to savings deposits and including new temporary data items associated with the CARES Act and the Paycheck Protection Program Liquidity Facility (PPPLF). The Board also plans to address concerns about consistency across different reports, such as ensuring that savings deposits are consistently classified in the Call Report and other financial statements. Additionally, they have issued clarifications for recording uncollectible accrued interest, shared fees from securities-related activities, and pledged equity securities.

The Board of Governors of the Federal Reserve System has adopted a proposal to extend and revise several financial reporting forms for U.S. banking organizations with foreign subsidiaries and certain foreign banking organizations. These revisions, which take effect on March 31, 2025, are intended to align with updated accounting standards and reduce regulatory burdens. The revisions include changes to the Financial Statements of Foreign Subsidiaries (FR 2314/S), U.S. Nonbank Subsidiaries (FR Y-11/S), Reports of Foreign Banking Organizations (FR Y-7N/NS/Q), and related forms, to ensure better monitoring and assessment of financial conditions. Public comments were considered, leading to some modifications in the plan, such as adjustments to reporting scope and the timing for implementing new requirements.

The Department of Labor (DOL) is inviting public comments on an information collection request related to the Delinquent Filer Voluntary Compliance Program, which is being reviewed for approval by the Office of Management and Budget (OMB). This program allows plan administrators to pay reduced penalties if they voluntarily comply with annual reporting requirements under the Employee Retirement Income Security Act of 1974 (ERISA). The DOL is seeking authorization for this information collection for three years, targeting businesses and not-for-profit institutions. Comments must be submitted by February 16, 2021.

The Board of Governors of the Federal Reserve System has agreed to continue, for three more years, the existing disclosure requirements related to the Consumer Financial Protection Bureau's Regulation DD, without making any changes. These requirements involve financial institutions providing specific account information, including fees and terms, to help consumers make informed decisions when comparing deposit accounts. Though the Board requested public comment on this extension, only one comment was received, which did not pertain to the matter at hand. The Board officially adopted this extension as initially proposed.

The Federal Energy Regulatory Commission (FERC), part of the Department of Energy, is asking for public comments on its information collections, specifically FERC Form Nos. 1, 1-F, and 3-Q. These forms are used to collect financial and operational data from major and nonmajor electric utilities, licensees, and natural gas companies. Comments are due by April 8, 2025, and FERC seeks input on the necessity, accuracy, and potential improvements for the data collection processes. The request aims to understand if the information is useful for FERC's functions and how the collections can be enhanced or made less burdensome.