81 FR 18693 - Proposed Collection; Comment Request

DEPARTMENT OF THE TREASURY

Federal Register Volume 81, Issue 62 (March 31, 2016)

Page Range		18693-18694
FR Document		2016-07268

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 that is due for extension approval by the Office of Management and Budget. The Federal Insurance Office, which assists the Secretary of the Treasury in the administration of the Terrorism Risk Insurance Program, is soliciting comments concerning the Record Keeping Requirements set forth in 31 CFR part 50.8.

Federal Register, Volume 81 Issue 62 (Thursday, March 31, 2016)

[Federal Register Volume 81, Number 62 (Thursday, March 31, 2016)]
[Notices]
[Pages 18693-18694]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-07268]


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DEPARTMENT OF THE TREASURY


Proposed Collection; Comment Request

AGENCY: Federal Insurance Office, Treasury.

ACTION: Notice and request for comments.

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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 that is due for extension approval by the Office of 
Management and Budget. The Federal Insurance Office, which assists the 
Secretary of the Treasury in the administration of the Terrorism Risk 
Insurance Program, is soliciting comments concerning the Record Keeping 
Requirements set forth in 31 CFR part 50.8.

DATES: Written comments must be received not later than May 31, 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 Program, 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, 
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: 1505-0190.
    Title: Terrorism Risk Insurance Program--Conflict of Interest 
Rebuttal Procedures of the Terrorism Risk Insurance Act.
    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 Treasury administers, with the assistance of 
the Federal Insurance Office.\3\ Section 102 (2) of TRIA defines an 
``affiliate'' with respect to an insurer as ``* * * any entity that 
controls, is controlled by, or is under common control with the 
insurer''. Section 102 (3) of the Act defines ``control''. Section 
102(6) defines ``insurer'' to include ``* * * any affiliate thereof''. 
Taken together these definitions comprise one element in calculating 
costs and payments to the insurer under the Program. As such, there 
could be questions as to whether an affiliate relation exists between 
specific insurers, which will turn on whether one insurer controls, is 
controlled by, or is under common control with the other. The 
regulation, at 31 CFR 50.8 sets forth information which an insurer can 
provide to refute certain rebuttable presumptions of control described 
at 31 CFR 50.4(c). If not refuted, these rebuttable presumptions would 
lead to a determination that an affiliate relationship exists. This 
clearance action is for the data submission required to rebut a 
presumption of controlling influence specified in 31 CFR 50.8.
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    \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 pt. 50.
    \3\ 31 U.S.C. 313(c)(1)(D).
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    Type of Review: Extension of a currently approved data collection.
    Affected Public: Business/Financial Institutions.
    Estimated Number of Respondents: 10.
    Estimated Average Time per Respondent: 4 hours.
    Estimated Total Annual Burden Hours: 400 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

[[Page 18694]]

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. 2016-07268 Filed 3-30-16; 8:45 am]
BILLING CODE 4810-25-P

Federal Register / Vol. 81, No. 62 / Thursday, March 31, 2016 / Notices 18693

for a Federal alcohol or tobacco permit, DATES: Written comments must be Secretary of the Treasury administers,
notice, or registration, or certain other received not later than May 31, 2016. with the assistance of the Federal
personnel, such as officers or directors, ADDRESSES: Interested persons may Insurance Office.3 Section 102 (2) of
of the business applied for, meet the submit comments electronically through TRIA defines an ‘‘affiliate’’ with respect
minimum qualifications for that permit, the Federal eRulemaking Portal at to an insurer as ‘‘* * * any entity that
notice, or registration. TTB F 5000.9 is http://www.regulations.gov, in controls, is controlled by, or is under
required in certain circumstances in accordance with the instructions on that common control with the insurer’’.
which the information is deemed site. In general, the Department will Section 102 (3) of the Act defines
necessary, and includes such post all comments to ‘‘control’’. Section 102(6) defines
information as the individual’s www.regulations.gov without change, ‘‘insurer’’ to include ‘‘* * * any affiliate
residence, business background, including any business or personal thereof’’. Taken together these
financial sources for the business, and information provided such as names, definitions comprise one element in
criminal record. addresses, email addresses, or telephone calculating costs and payments to the
Estimated Total Annual Burden numbers. The Department will also insurer under the Program. As such,
Hours: 14,283. make such comments available for there could be questions as to whether
OMB Number: 1513–0009. public inspection and copying in the an affiliate relation exists between
Type of Review: Revision of a Treasury’s Library, 1500 Pennsylvania specific insurers, which will turn on
currently approved collection. Avenue NW., Washington, DC 20220, on whether one insurer controls, is
Title: Application to Establish and official business days between the hours controlled by, or is under common
Operate Wine Premises, and Wine of 10:00 a.m. and 5:00 p.m. Eastern control with the other. The regulation,
Bond. Time. You can make an appointment to at 31 CFR 50.8 sets forth information
Abstract: TTB F 5120.25, Application inspect comments by telephoning (202) which an insurer can provide to refute
622–0990. All comments, including certain rebuttable presumptions of
to Establish and Operate Wine Premises,
attachments and other supporting control described at 31 CFR 50.4(c). If
is the form used to establish the
materials, are part of the public record not refuted, these rebuttable
qualifications of an applicant applying
and subject to public disclosure. You presumptions would lead to a
to establish and operate wine premises.
should submit only information that determination that an affiliate
The applicant certifies his/her intention
you wish to make available publicly. relationship exists. This clearance
to produce and/or store a specified
Electronic submissions are action is for the data submission
amount of wine and take certain
encouraged. required to rebut a presumption of
precautions to protect it from
Comments may also be mailed to the controlling influence specified in 31
unauthorized use. TTB F 5120.36, Wine
Department of the Treasury, Terrorism CFR 50.8.
Bond, is the form used by the proprietor Type of Review: Extension of a
and a surety company as a contract to Risk Insurance Program, MT 1410, 1500
Pennsylvania Avenue NW., Washington, currently approved data collection.
ensure the payment of the wine excise Affected Public: Business/Financial
tax. DC 20220.
Institutions.
Estimated Total Annual Burden FOR FURTHER INFORMATION CONTACT: Estimated Number of Respondents:
Hours: 1,775. Richard Ifft, Senior Insurance 10.
Regulatory Policy Analyst, Federal Estimated Average Time per
Brenda Simms,
Insurance Office, Room 1319, Respondent: 4 hours.
Treasury PRA Clearance Officer. Department of the Treasury, 1500 Estimated Total Annual Burden
[FR Doc. 2016–07297 Filed 3–30–16; 8:45 am] Pennsylvania Avenue NW., Washington, Hours: 400 hours.
BILLING CODE 4810–31–P DC 20220, at (202) 622–2922 (this is not Request for Comments: An agency
a toll-free number) or Kevin Meehan, may not conduct or sponsor, and a
Policy Advisor, Federal Insurance person is not required to respond to, a
DEPARTMENT OF THE TREASURY Office, Room 1410, Department of the collection of information unless the
Treasury, 1500 Pennsylvania Avenue collection of information displays a
Proposed Collection; Comment
NW., Washington, DC 20220, at (202) valid OMB control number. Comments
Request
622–7009 (this is not a toll-free submitted in response to this notice will
AGENCY: Federal Insurance Office, number). Persons who have difficulty be summarized and/or included in the
Treasury. hearing or speaking may access this request for OMB approval. All
ACTION: Notice and request for number via TTY by calling the toll-free comments will become a matter of
comments. Federal Relay Service at (800) 877–8339. public record. Comments are invited on:
SUPPLEMENTARY INFORMATION: (a) Whether the collection of
SUMMARY: The Department of the OMB Number: 1505–0190. information is necessary for the proper
Treasury, as part of its continuing effort Title: Terrorism Risk Insurance performance of the functions of the
to reduce paperwork burdens, invites Program—Conflict of Interest Rebuttal agency, including whether the
the general public and other Federal Procedures of the Terrorism Risk information shall have practical utility;
agencies to comment on a currently Insurance Act. (b) the accuracy of the agency’s estimate
approved information collection that is Abstract: The Terrorism Risk of the burden of the collection of
due for extension approval by the Office Insurance Act of 2002, as amended information; (c) ways to enhance the
mstockstill on DSK4VPTVN1PROD with NOTICES

of Management and Budget. The Federal (TRIA),1 established the Terrorism Risk quality, utility, and clarity of the
Insurance Office, which assists the Insurance Program (TRIP),2 which the information collections; (d) ways to
Secretary of the Treasury in the minimize the burden of the collection of
administration of the Terrorism Risk 1 15 U.S.C. 6701 note. Because the provisions of
information on respondents, including
Insurance Program, is soliciting TRIA (as amended) appear in a note, instead of
particular sections, of the United States Code, the
through the use of automated collection
comments concerning the Record provisions of TRIA are identified by the sections of techniques or other forms of information
Keeping Requirements set forth in 31 the law.
CFR part 50.8. 2 See 31 CFR pt. 50. 3 31 U.S.C. 313(c)(1)(D).

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Document Created: 2016-03-31 00:55:12
Document Modified: 2016-03-31 00:55:12

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 May 31, 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		81 FR 18693