The Office of the Comptroller of the Currency (OCC) is seeking public comments on renewing its information collection regarding leasing, as mandated by the Paperwork Reduction Act of 1995 (PRA). This renewal is necessary for the OCC to obtain approval from the Office of Management and Budget (OMB) for information collection activities. Businesses or other profit organizations are the affected public, with an estimated annual burden of 300 hours across 30 respondents. Comments are invited on various aspects of this information collection, including its necessity, accuracy, and ways to minimize the burden on respondents.
Simple Explanation
The government wants to hear people's thoughts about rules for businesses that rent things out, like cars or tools, to make sure they aren't filling out too much paperwork. They are asking if these rules are needed and how they can make things easier for the businesses.