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The Securities and Exchange Commission (SEC) is requesting the Office of Management and Budget (OMB) to extend its approval for the collection of information through Form 11-K. This form is used by employee stock purchase and savings plans to meet reporting requirements under the Securities and Exchange Act. It provides financial information to help employees assess their investment plans. The SEC estimates that there are about 941 filings annually, each taking 95.81 internal burden hours and costing approximately $7,525. The public can view and comment on this request for extension until April 21, 2025.

The Treasury Department and the Internal Revenue Service (IRS) have proposed new regulations that require corporations engaging in specific tax-free separations to report their transactions annually to ensure compliance with tax laws. These rules focus on Section 355 transactions, which involve the tax-free distribution of a corporation’s stock. The new regulations mandate detailed reporting to prevent tax evasion, and this must be done via a new form attached to the corporation's annual tax return over a multi-year period. The proposed changes are intended to help narrow the federal tax gap by improving the IRS's ability to track and address potential noncompliance.

The Bureau of Economic Analysis (BEA) of the Commerce Department has issued a notice about the mandatory Quarterly Survey of Ocean Freight Revenues and Foreign Expenses of U.S. Carriers (BE-30). This survey helps measure trade in transport services and its impact on both the U.S. and foreign economies. U.S. ocean carriers with revenues or expenses of $500,000 or more must report their information each quarter. Survey forms can be submitted electronically, or by mail or fax, and are due 30 days after each quarter ends.

The Securities and Exchange Commission (SEC) has published a notice about a proposed rule change by Cboe EDGA Exchange, Inc., intended to align their compliance rule regarding the Consolidated Audit Trail (CAT) with an exemption granted by the SEC. This rule change focuses on the reporting of allocation processes, where brokers perform allocations to client accounts, and the conditions under which certain brokers are exempt from this requirement. The new rules aim to reduce the reporting burden on brokers and streamline the process by making sure only brokers who have sufficient information report these allocations. Additionally, the exchange plans to add more details to allocation reports, like trade and settlement dates, to ensure comprehensive reporting that aids in regulatory oversight.

The Office of the Comptroller of the Currency (OCC) is inviting public and federal agency comments on a proposed revision to an information collection requirement under the Paperwork Reduction Act. This involves updating reporting requirements for national banks and federal savings associations, particularly those with assets of $250 billion or more, to align with stress test templates used by the Federal Reserve. The goal is to minimize the burden on these institutions while ensuring effective stress testing practices. Comments on the proposal are requested by March 29, 2021, and the OCC encourages electronic submissions.

The Environmental Protection Agency (EPA) is planning to submit a request to extend an ongoing information collection related to Exchange Network Grants Progress Reports. This extension will be reviewed by the Office of Management and Budget in compliance with the Paperwork Reduction Act. The EPA is seeking public comments on the necessity, accuracy, quality, and methods of collecting this information. Comments are due by April 26, 2021, and the proposed collection aims to support environmental offices by requiring regular reporting on project progress and quality assurance.

The Department of Energy (DOE) is requesting a three-year extension for collecting information under the Paperwork Reduction Act. The extension involves gathering data and maintaining records related to energy or water conservation standards for various consumer products and industrial equipment. The DOE received comments from stakeholders like the Air-Conditioning, Heating, and Refrigeration Institute (AHRI), expressing concerns about the burden of reporting requirements and the late release of reporting templates. The DOE aims to improve these processes and ensure collected data is necessary for compliance and protected as confidential business information.

The Bureau of Economic Analysis (BEA) of the Department of Commerce has announced it is conducting the BE-9 survey, which is mandatory for U.S. representatives of foreign airlines that have significant revenue or expenses in the U.S. The survey gathers data on these airlines' revenues, expenses, and passenger numbers. U.S. entities that meet the criteria will be contacted by BEA and must submit their reports within 30 days after each quarter. The survey aims to help analyze U.S. trade in transport services and is authorized by federal law.

In a recent notice, the Securities and Exchange Commission (SEC) announced that the Cboe BYX Exchange, Inc. proposed changes to its rules to align with a conditional exemption granted by the SEC. These changes affect how the Exchange handles allocation reporting requirements in their Consolidated Audit Trail compliance rules. The revisions include redefining an "Allocation Report" and only requiring reports when shares or contracts are allocated to client accounts. This approach aims to reduce reporting burdens on brokers while ensuring regulators have the necessary information to monitor trade allocations.

The Bureau of Economic Analysis (BEA), part of the Department of Commerce, has announced the mandatory Annual Survey of Foreign Ocean Carriers' Expenses in the United States, known as BE-29. This survey collects data to understand the expenses of foreign ocean carriers in the U.S. and measure trade in transport services, which is crucial for analyzing its impact on both the U.S. and foreign economies. Entities required to respond include U.S. agents who managed 40 or more foreign carrier port calls or had expenses of $250,000 or more. Responses must be submitted within 45 days after the calendar year ends.