The Civil Division of the Department of Justice plans to submit an information collection request to the Office of Management and Budget (OMB) for review under the Paperwork Reduction Act of 1995. The collection is related to the Annuity Broker Declaration Form, used to assess whether a broker meets the qualifications to be listed as an annuity broker under Public Law 107-273. The public is invited to comment on the necessity, effectiveness, burden, and methods of the information collection by June 27, 2025. The form will require about 300 respondents to complete annually, with an average time of one hour per response.
Simple Explanation
The Department of Justice wants to know if certain people, called annuity brokers, are qualified to do their jobs, and they are asking for public thoughts on this. They're checking if this process is helpful, what effect it has, and if it takes too much time.