80 FR 74218 - Departmental Offices; Proposed Collection; Comment Request

DEPARTMENT OF THE TREASURY

Federal Register Volume 80, Issue 228 (November 27, 2015)

Page Range		74218-74219
FR Document		2015-30142

The Department of the Treasury, as part of its continuing effort to reduce paperwork burdens, invites the general public and other Federal agencies to comment on a currently approved information collection form that is due for extension approval by the Office of Management and Budget. The Terrorism Risk Insurance Program Office, which is part of the Federal Insurance Office within the Department of the Treasury, is soliciting comments concerning the Record Keeping Requirements set forth in 31 CFR part 50, subpart J (Sec. 50.94).

Federal Register, Volume 80 Issue 228 (Friday, November 27, 2015)

[Federal Register Volume 80, Number 228 (Friday, November 27, 2015)]
[Notices]
[Pages 74218-74219]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-30142]


-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY


Departmental Offices; Proposed Collection; Comment Request

ACTION: Notice and request for comments.

-----------------------------------------------------------------------

SUMMARY: The Department of the Treasury, as part of its continuing 
effort to reduce paperwork burdens, invites the general public and 
other Federal agencies to comment on a currently approved information 
collection form that is due for extension approval by the Office of 
Management and Budget. The Terrorism Risk Insurance Program Office, 
which is part of the Federal Insurance Office within the Department of 
the Treasury, is soliciting comments concerning the Record Keeping 
Requirements set forth in 31 CFR part 50, subpart J (Sec. 50.94).

DATES: Written comments must be received not later than January 26, 
2016.

ADDRESSES: Interested persons may submit comments electronically 
through the Federal eRulemaking Portal at http://www.regulations.gov, 
in accordance with the instructions on that site. In general, the 
Department will post all comments to www.regulations.gov without 
change, including any business or personal information provided such as 
names, addresses, email addresses, or telephone numbers. The Department 
will also make such comments available for public inspection and 
copying in the Treasury's Library, 1500 Pennsylvania Avenue NW., 
Washington, DC 20220, on official business days between the hours of 
10:00 a.m. and 5:00 p.m. Eastern Time. You can make an appointment to 
inspect comments by telephoning (202) 622-0990. All comments, including 
attachments and other supporting materials, are part of the public 
record and subject to public disclosure. You should submit only 
information that you wish to make available publicly.
    Electronic submissions are encouraged.
    Comments may also be mailed to the Department of the Treasury, 
Terrorism Risk Insurance Office, MT 1410, 1500 Pennsylvania Avenue NW., 
Washington, DC 20220.

FOR FURTHER INFORMATION CONTACT: Richard Ifft, Senior Insurance 
Regulatory Policy Analyst, Federal Insurance Office, Room 1319,

[[Page 74219]]

Department of the Treasury, 1500 Pennsylvania Avenue NW., Washington, 
DC 20220, at (202) 622-2922 (this is not a toll-free number) or Kevin 
Meehan, Policy Advisor, Federal Insurance Office, Room 1410, Department 
of the Treasury, 1500 Pennsylvania Avenue NW., Washington, DC 20220, at 
(202) 622-7009 (this is not a toll-free number). Persons who have 
difficulty hearing or speaking may access this number via TTY by 
calling the toll-free Federal Relay Service at (800) 877-8339.

SUPPLEMENTARY INFORMATION: 
    OMB Number: 1505-0208.
    Title: Terrorism Risk Insurance Program--Program Cap on Annual 
Liability.
    Abstract: The Terrorism Risk Insurance Act of 2002, as amended 
(TRIA),\1\ established the Terrorism Risk Insurance Program (TRIP),\2\ 
which the Secretary of the U.S. Department of the Treasury (Secretary) 
administers, with the assistance of the Federal Insurance Office.\3\ 
Section 103(e) of TRIA sets a limit on the annual liability for insured 
losses at $100 billion. This section requires the Secretary to notify 
Congress not later than 15 days after an act of terrorism as to whether 
aggregate insured losses are estimated to exceed the cap. TRIA, as 
amended, also requires the Secretary to determine the pro rata share of 
insured losses under the Program when insured losses exceed the cap, 
and to issue regulations for carrying this out. In order to meet these 
requirements, Treasury may need to obtain loss information from 
involved insurers. This would be accomplished by the issuance of a 
``data call'' to ascertain insurer losses. In the event of the 
imposition on insurers of a ``pro rata loss percentage'', it will be 
necessary to determine compliance when processing insurer claims for 
payment of the Federal share of compensation. The Terrorism Risk 
Insurance Program Reauthorization Act of 2015 (Pub. L. 114-1) (2015 
Reauthorization Act) requires insurers participating in the Program to 
submit to Treasury certain information regarding the operation of the 
Program. Treasury is presently considering the information that should 
be collected under the 2015 Reauthorization Act. It is possible that 
information that will be collected pursuant to this process under 
consideration might affect the amount of information that would need to 
be collected pursuant to this currently approved data collection. 
Treasury will address such issues in connection with any notice that it 
issues concerning data collection under the Terrorism Risk Insurance 
Program Reauthorization Act of 2015. This extension is sought to 
maintain the existing approved data collection in place, consistent 
with the requirements of the Paperwork Reduction Act, pending the 
proposal by Treasury of any additional data collection in connection 
with the Program.
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 6701 note. Because the provisions of TRIA (as 
amended) appear in a note, instead of particular sections, of the 
United States Code, the provisions of TRIA are identified by the 
sections of the law.
    \2\ See 31 CFR part 50.
    \3\ 31 U.S.C. 313(c)(1)(D).
---------------------------------------------------------------------------

    Type of Review: Extension of a currently approved data collection.
    Affected Public: Business/Financial Institutions.
    Estimated Number of Respondents: 200.
    Estimated Average Time per Respondent: 5 hours.
    Estimated Total Annual Burden Hours: 1,000 hours.
    Request for Comments: An agency may not conduct or sponsor, and a 
person is not required to respond to, a collection of information 
unless the collection of information displays a valid OMB control 
number. Comments submitted in response to this notice will be 
summarized and/or included in the request for OMB approval. All 
comments will become a matter of public record. Comments are invited 
on: (a) Whether the collection of information is necessary for the 
proper performance of the functions of the agency, including whether 
the information shall have practical utility; (b) the accuracy of the 
agency's estimate of the burden of the collection of information; (c) 
ways to enhance the quality, utility, and clarity of the information 
collections; (d) ways to minimize the burden of the collection of 
information on respondents, including through the use of automated 
collection techniques or other forms of information technology; and (e) 
estimates of capital or start-up costs and costs of operation, 
maintenance, and purchase of services to provide information.

Michael T. McRaith,
Director, Federal Insurance Office.
[FR Doc. 2015-30142 Filed 11-25-15; 8:45 am]
BILLING CODE 4810-25-P

74218 Federal Register / Vol. 80, No. 228 / Friday, November 27, 2015 / Notices

cooperatives in accordance with Health Parity and Addiction Equity Act Approved: November 19, 2015.
Internal Revenue Code section 6044. of 2008: Technical amendment to R. Joseph Durbala,
The information is used by IRS to verify external review for Multi-State Plan IRS, Tax Analyst.
reporting compliance on the part of the Program. [FR Doc. 2015–30101 Filed 11–25–15; 8:45 am]
recipient. OMB Number: 1545–2165. BILLING CODE 4830–01–P
Current Actions: There is no change Form Number: TD 9640.
in the paperwork burden previously Abstract: This document contains
approved by OMB. final rules implementing the Paul DEPARTMENT OF THE TREASURY
Type of Review: Extension of a Wellstone and Pete Domenici Mental
currently approved collection. Health Parity and Addiction Equity Act Departmental Offices; Proposed
Affected Public: Business or other for- of 2008, which requires parity between Collection; Comment Request
profit organizations. mental health or substance use disorder
Estimated Number of Respondents: benefits and medical/surgical benefits Notice and request for
ACTION:
1,961,131. with respect to financial requirements comments.
Estimated Time Per Respondent: 15 and treatment limitations under group SUMMARY: The Department of the
min. health plans and group and individual
Estimated Total Annual Burden Treasury, as part of its continuing effort
health insurance coverage. to reduce paperwork burdens, invites
Hours: 509,895. Current Actions: There is no change
(2) Title: Conduit Arrangements the general public and other Federal
in the paperwork burden previously agencies to comment on a currently
Regulations. approved by OMB.
OMB Number: 1545–1440. approved information collection form
Type of Review: Extension of a
Form Number: TD 8611 (INTL–64– that is due for extension approval by the
currently approved collection.
93). Office of Management and Budget. The
Affected Public: Businesses or other
Abstract: This regulation provides Terrorism Risk Insurance Program
for-profits, Not-for-profit institutions.
rules that permit the district director to Estimated Number of Respondents: Office, which is part of the Federal
recharacterize a financing arrangement 424,000. Insurance Office within the Department
as a conduit arrangement. The Estimated Time Per Respondent: 1 of the Treasury, is soliciting comments
recharacterization will affect the amount min. concerning the Record Keeping
of U.S. withholding tax due on Estimated Total Annual Burden Requirements set forth in 31 CFR part
financing transactions that are part of Hours: 1,900. 50, subpart J (Sec. 50.94).
the financing arrangement. This The following paragraph applies to all DATES: Written comments must be
regulation affects withholding agents of the collections of information covered received not later than January 26, 2016.
and foreign investors who engage in by this notice: ADDRESSES: Interested persons may
multi-party financing arrangements. An agency may not conduct or submit comments electronically through
Current Actions: There is no change sponsor, and a person is not required to the Federal eRulemaking Portal at
in the paperwork burden previously respond to, a collection of information http://www.regulations.gov, in
approved by OMB. unless the collection of information accordance with the instructions on that
Type of Review: Extension of a displays a valid OMB control number. site. In general, the Department will
currently approved collection. Books or records relating to a collection post all comments to
Affected Public: Business or other for- of information must be retained as long www.regulations.gov without change,
profit organizations. as their contents may become material including any business or personal
Estimated Number of Respondents: in the administration of any internal information provided such as names,
1,000. revenue law. Generally, tax returns and addresses, email addresses, or telephone
Estimated Time Per Respondent: 10 tax return information are confidential, numbers. The Department will also
min. as required by 26 U.S.C. 6103. make such comments available for
Estimated Total Annual Burden Request for Comments: Comments public inspection and copying in the
Hours: 10,000. submitted in response to this notice will Treasury’s Library, 1500 Pennsylvania
(3) Title: Domestic Production be summarized and/or included in the Avenue NW., Washington, DC 20220, on
Activities Deduction. request for OMB approval. All official business days between the hours
OMB Number: 1545–1984. comments will become a matter of
Form Number: 8903. of 10:00 a.m. and 5:00 p.m. Eastern
Abstract: Taxpayers will use Form public record. Comments are invited on: Time. You can make an appointment to
8903 and related instructions to (a) Whether the collection of inspect comments by telephoning (202)
calculate the domestic production information is necessary for the proper 622–0990. All comments, including
activities deduction. performance of the functions of the attachments and other supporting
Current Actions: There is no change agency, including whether the materials, are part of the public record
in the paperwork burden previously information shall have practical utility; and subject to public disclosure. You
approved by OMB. (b) the accuracy of the agency’s estimate should submit only information that
Type of Review: Extension of a of the burden of the collection of you wish to make available publicly.
currently approved collection. information; (c) ways to enhance the Electronic submissions are
Affected Public: Business or other for- quality, utility, and clarity of the encouraged.
profit organizations. information to be collected; (d) ways to Comments may also be mailed to the
Department of the Treasury, Terrorism
mstockstill on DSK4VPTVN1PROD with NOTICES

Estimated Number of Respondents: minimize the burden of the collection of
300,000. information on respondents, including Risk Insurance Office, MT 1410, 1500
Estimated Time Per Respondent: 24 through the use of automated collection Pennsylvania Avenue NW., Washington,
hours 40 min. techniques or other forms of information DC 20220.
Estimated Total Annual Burden technology; and (e) estimates of capital FOR FURTHER INFORMATION CONTACT:
Hours: 7,398,000. or start-up costs and costs of operation, Richard Ifft, Senior Insurance
(4) Title: Rules under the Paul maintenance, and purchase of services Regulatory Policy Analyst, Federal
Wellstone and Pete Domenici Mental to provide information. Insurance Office, Room 1319,

VerDate Sep<11>2014 19:01 Nov 25, 2015 Jkt 238001 PO 00000 Frm 00148 Fmt 4703 Sfmt 4703 E:\FR\FM\27NON1.SGM 27NON1

Document Created: 2015-12-14 14:04:43
Document Modified: 2015-12-14 14:04:43

Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Notices
Action		Notice and request for comments.
Dates		Written comments must be received not later than January 26, 2016.
Contact		Richard Ifft, Senior Insurance Regulatory Policy Analyst, Federal Insurance Office, Room 1319, Department of the Treasury, 1500 Pennsylvania Avenue NW., Washington, DC 20220, at (202) 622-2922 (this is not a toll-free number) or Kevin Meehan, Policy Advisor, Federal Insurance Office, Room 1410, Department of the Treasury, 1500 Pennsylvania Avenue NW., Washington, DC 20220, at (202) 622-7009 (this is not a toll-free number). Persons who have difficulty hearing or speaking may access this number via TTY by calling the toll-free Federal Relay Service at (800) 877-8339.
FR Citation		80 FR 74218