81 FR 39716 - Agency Information Collection Activities; Submission for OMB Review; Comment Request; Prohibited Transaction Class Exemption 1988-59, Residential Mortgage Financing Arrangements Involving Employee Benefit Plans

DEPARTMENT OF LABOR
Office of the Secretary

Federal Register Volume 81, Issue 117 (June 17, 2016)

Page Range		39716-39717
FR Document		2016-14285

The Department of Labor (DOL) is submitting the Employee Benefits Security Administration (EBSA) sponsored information collection request (ICR) titled, ``Prohibited Transaction Class Exemption 1988-59, Residential Mortgage Financing Arrangements Involving Employee Benefit Plans,'' to the Office of Management and Budget (OMB) for review and approval for continued use, without change, in accordance with the Paperwork Reduction Act of 1995 (PRA), 44 U.S.C. 3501 et seq. Public comments on the ICR are invited.

Federal Register, Volume 81 Issue 117 (Friday, June 17, 2016)

[Federal Register Volume 81, Number 117 (Friday, June 17, 2016)]
[Notices]
[Pages 39716-39717]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-14285]


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

DEPARTMENT OF LABOR

Office of the Secretary


Agency Information Collection Activities; Submission for OMB 
Review; Comment Request; Prohibited Transaction Class Exemption 1988-
59, Residential Mortgage Financing Arrangements Involving Employee 
Benefit Plans

ACTION: Notice.

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

SUMMARY: The Department of Labor (DOL) is submitting the Employee 
Benefits Security Administration (EBSA) sponsored information 
collection request (ICR) titled, ``Prohibited Transaction Class 
Exemption 1988-59, Residential Mortgage Financing Arrangements 
Involving Employee Benefit Plans,'' to the Office of Management and 
Budget (OMB) for review and approval for continued use, without change, 
in accordance with the Paperwork Reduction Act of 1995 (PRA), 44 U.S.C. 
3501 et seq. Public comments on the ICR are invited.

DATES: The OMB will consider all written comments that agency receives 
on or before July 18, 2016.

ADDRESSES: A copy of this ICR with applicable supporting documentation; 
including a description of the likely respondents, proposed frequency 
of response, and estimated total burden may be obtained free of charge 
from the RegInfo.gov Web site at http://www.reginfo.gov/public/do/PRAViewICR?ref_nbr=201605-1210-003 (this link will only become active 
on the day following publication of this notice) or by contacting 
Michel Smyth by telephone at 202-693-4129, TTY 202-693-8064, (these are 
not toll-free numbers) or by email at [email protected].
    Submit comments about this request by mail or courier to the Office 
of Information and Regulatory Affairs, Attn: OMB Desk Officer for DOL-
EBSA, Office of Management and Budget, Room 10235, 725 17th Street NW., 
Washington, DC 20503; by Fax: 202-395-5806 (this is not a toll-free 
number); or by email: [email protected]. Commenters are 
encouraged, but not required, to send a courtesy copy of any comments 
by mail or courier to the U.S. Department of Labor--OASAM, Office of 
the Chief Information Officer, Attn: Departmental Information 
Compliance Management Program, Room N1301, 200 Constitution Avenue NW., 
Washington, DC 20210; or by email: [email protected].

FOR FURTHER INFORMATION CONTACT: Contact Michel Smyth by telephone at 
202-693-4129, TTY 202-693-8064, (these are not toll-free numbers) or by 
email at [email protected].

     Authority: 44 U.S.C. 3507(a)(1)(D).

SUPPLEMENTARY INFORMATION: This ICR seeks to extend PRA authority for 
the Prohibited Transaction Class Exemption (PTE) 1988-59, Residential 
Mortgage Financing Arrangements Involving Employee Benefit Plans, 
information collection. This PTE is applicable to residential mortgage 
financing arrangements involving employee benefit plans and permits an 
employee benefit plan to enter into specified transactions involving 
residential mortgage loans with parties in interest without violating 
the prohibited transaction provisions of the Employee Retirement Income 
Security Act of 1974 (ERISA), provided that plan meets specified 
conditions. Among other conditions, the plan must maintain records 
pertaining to covered transactions for the duration of the loan and 
must make the records available upon request to plan trustees, 
investment managers, participants and beneficiaries, and DOL and 
Internal Revenue Service agents. ERISA section 408 authorizes this 
information collection. See 29 U.S.C. 1108.
    This information collection is subject to the PRA. A Federal agency 
generally cannot conduct or sponsor a collection of information, and 
the public is generally not required to respond to an information 
collection, unless it is approved by the OMB under the PRA and displays 
a currently valid OMB Control Number. In addition, notwithstanding any 
other provisions of law, no person shall generally be subject to 
penalty for failing to comply with a collection of information that 
does not display a valid Control Number. See 5 CFR 1320.5(a) and 
1320.6. The DOL obtains OMB approval for this information collection 
under Control Number 1210-0095.
    OMB authorization for an ICR cannot be for more than three (3) 
years without renewal, and the current approval for this collection is 
scheduled to expire on July 31, 2016. The DOL seeks to extend PRA 
authorization for this information collection for three (3) more years, 
without any change to existing requirements. The DOL notes that 
existing information collection requirements submitted to the OMB 
receive a month-to-month extension while they undergo review. For 
additional substantive information about this ICR, see the related 
notice

[[Page 39717]]

published in the Federal Register on November 23, 2015 (80 FR 72990).
    Interested parties are encouraged to send comments to the OMB, 
Office of Information and Regulatory Affairs at the address shown in 
the ADDRESSES section within thirty (30) days of publication of this 
notice in the Federal Register. In order to help ensure appropriate 
consideration, comments should mention OMB Control Number 1210-0095. 
The OMB is particularly interested in comments that:
     Evaluate whether the proposed collection of information is 
necessary for the proper performance of the functions of the agency, 
including whether the information will have practical utility;
     Evaluate the accuracy of the agency's estimate of the 
burden of the proposed collection of information, including the 
validity of the methodology and assumptions used;
     Enhance the quality, utility, and clarity of the 
information to be collected; and
     Minimize the burden of the collection of information on 
those who are to respond, including through the use of appropriate 
automated, electronic, mechanical, or other technological collection 
techniques or other forms of information technology, e.g., permitting 
electronic submission of responses.
    Agency: DOL-EBSA.
    Title of Collection: Prohibited Transaction Class Exemption 1988-
59, Residential Mortgage Financing Arrangements Involving Employee 
Benefit Plans.
    OMB Control Number: 1210-0095.
    Affected Public: Private Sector--businesses or other for-profits 
and not-for-profit institutions.
    Total Estimated Number of Respondents: 2,000.
    Total Estimated Number of Responses: 11,000.
    Total Estimated Annual Time Burden: 900 hours.
    Total Estimated Annual Other Costs Burden: $0.

     Dated: June 10, 2016.
Michel Smyth,
Departmental Clearance Officer.
[FR Doc. 2016-14285 Filed 6-16-16; 8:45 am]
 BILLING CODE 4510-29-P

39716 Federal Register / Vol. 81, No. 117 / Friday, June 17, 2016 / Notices

within DHS), had a reasonable basis to DEPARTMENT OF LABOR FOR FURTHER INFORMATION CONTACT:
believe might have been mined, Contact Michel Smyth by telephone at
produced or manufactured by forced or Office of the Secretary 202–693–4129, TTY 202–693–8064,
indentured child labor. (66 FR 5353). (these are not toll-free numbers) or by
Agency Information Collection email at DOL_PRA_PUBLIC@dol.gov.
Pursuant to Section 3 of Executive Activities; Submission for OMB
Order 13126, the Federal Acquisition Review; Comment Request; Prohibited Authority: 44 U.S.C. 3507(a)(1)(D).
Regulatory Council published a final Transaction Class Exemption 1988–59, SUPPLEMENTARY INFORMATION: This ICR
rule in the Federal Register on January Residential Mortgage Financing seeks to extend PRA authority for the
18, 2001, providing, amongst other Arrangements Involving Employee Prohibited Transaction Class Exemption
requirements, that federal contractors Benefit Plans (PTE) 1988–59, Residential Mortgage
who supply products that appear on the Financing Arrangements Involving
EO List must certify to the contracting ACTION: Notice. Employee Benefit Plans, information
officer that the contractor, or, in the case collection. This PTE is applicable to
of an incorporated contractor, a SUMMARY: The Department of Labor
(DOL) is submitting the Employee residential mortgage financing
responsible official of the contractor, arrangements involving employee
has made a good faith effort to Benefits Security Administration
(EBSA) sponsored information benefit plans and permits an employee
determine whether forced or indentured benefit plan to enter into specified
child labor was used to mine, produce, collection request (ICR) titled,
‘‘Prohibited Transaction Class transactions involving residential
or manufacture any product furnished mortgage loans with parties in interest
under the contract and that, on the basis Exemption 1988–59, Residential
Mortgage Financing Arrangements without violating the prohibited
of those efforts, the contractor is transaction provisions of the Employee
unaware of any such use of child labor. Involving Employee Benefit Plans,’’ to
the Office of Management and Budget Retirement Income Security Act of 1974
(48 CFR Subpart 22.15). (ERISA), provided that plan meets
(OMB) for review and approval for
DOL also published on January 18, continued use, without change, in specified conditions. Among other
2001, ‘‘Procedural Guidelines for the accordance with the Paperwork conditions, the plan must maintain
Maintenance of the List of Products Reduction Act of 1995 (PRA), 44 U.S.C. records pertaining to covered
Requiring Federal Contractor 3501 et seq. Public comments on the transactions for the duration of the loan
Certification as to Forced or Indentured ICR are invited. and must make the records available
Child Labor’’ (‘‘Procedural Guidelines’’), upon request to plan trustees,
DATES: The OMB will consider all
which provide for maintaining, investment managers, participants and
written comments that agency receives
reviewing, and, as appropriate, revising beneficiaries, and DOL and Internal
on or before July 18, 2016.
the EO List. (66 FR 5351). The Revenue Service agents. ERISA section
Procedural Guidelines provide that the ADDRESSES: A copy of this ICR with
408 authorizes this information
EO List may be revised either through applicable supporting documentation;
collection. See 29 U.S.C. 1108.
consideration of submissions by including a description of the likely
respondents, proposed frequency of This information collection is subject
individuals or on the initiative of DOL, to the PRA. A Federal agency generally
DOS and DHS. In either event, when response, and estimated total burden
may be obtained free of charge from the cannot conduct or sponsor a collection
proposing to revise the EO List, DOL of information, and the public is
must publish in the Federal Register a RegInfo.gov Web site at http://
www.reginfo.gov/public/do/ generally not required to respond to an
notice of initial determination, which information collection, unless it is
includes any proposed alteration to the PRAViewICR?ref_nbr=201605-1210-003
(this link will only become active on the approved by the OMB under the PRA
EO List. DOL, DOS and DHS consider and displays a currently valid OMB
all public comments prior to the day following publication of this notice)
or by contacting Michel Smyth by Control Number. In addition,
publication of a final determination of a notwithstanding any other provisions of
revised EO List. telephone at 202–693–4129, TTY 202–
693–8064, (these are not toll-free law, no person shall generally be subject
IV. Definitions numbers) or by email at DOL_PRA_ to penalty for failing to comply with a
PUBLIC@dol.gov. collection of information that does not
Under Section 6(c) of EO 13126: Submit comments about this request display a valid Control Number. See 5
‘‘Forced or indentured child labor’’ by mail or courier to the Office of CFR 1320.5(a) and 1320.6. The DOL
means all work or service— Information and Regulatory Affairs, obtains OMB approval for this
(1) Exacted from any person under the Attn: OMB Desk Officer for DOL–EBSA, information collection under Control
age of 18 under the menace of any Office of Management and Budget, Number 1210–0095.
penalty for its nonperformance and for Room 10235, 725 17th Street NW., OMB authorization for an ICR cannot
which the worker does not offer himself Washington, DC 20503; by Fax: 202– be for more than three (3) years without
voluntarily; or 395–5806 (this is not a toll-free renewal, and the current approval for
(2) Performed by any person under number); or by email: OIRA_ this collection is scheduled to expire on
the age of 18 pursuant to a contract the submission@omb.eop.gov. Commenters July 31, 2016. The DOL seeks to extend
enforcement of which can be are encouraged, but not required, to PRA authorization for this information
accomplished by process or penalties. send a courtesy copy of any comments collection for three (3) more years,
by mail or courier to the U.S. without any change to existing
sradovich on DSK3TPTVN1PROD with NOTICES

Signed at Washington, DC, this 13th day of Department of Labor—OASAM, Office requirements. The DOL notes that
June, 2016. of the Chief Information Officer, Attn: existing information collection
Carol Pier, Departmental Information Compliance requirements submitted to the OMB
Deputy Undersecretary for International Management Program, Room N1301, receive a month-to-month extension
Affairs. 200 Constitution Avenue NW., while they undergo review. For
[FR Doc. 2016–14407 Filed 6–16–16; 8:45 am] Washington, DC 20210; or by email: additional substantive information
BILLING CODE 4510–28–P DOL_PRA_PUBLIC@dol.gov. about this ICR, see the related notice

VerDate Sep<11>2014 16:48 Jun 16, 2016 Jkt 238001 PO 00000 Frm 00093 Fmt 4703 Sfmt 4703 E:\FR\FM\17JNN1.SGM 17JNN1

Federal Register / Vol. 81, No. 117 / Friday, June 17, 2016 / Notices 39717

published in the Federal Register on DEPARTMENT OF LABOR FOR FURTHER INFORMATION CONTACT:
November 23, 2015 (80 FR 72990). Contact Janet Javar by email at
Office of the Secretary ChiefEvaluationOffice@dol.gov.
Interested parties are encouraged to
send comments to the OMB, Office of SUPPLEMENTARY INFORMATION:
Agency Information Collection
Information and Regulatory Affairs at Activities; Submission for OMB I. Background
the address shown in the ADDRESSES Review; Comment Request; Transition
section within thirty (30) days of The Department of Labor (DOL)
Assistance Program (TAP) Email/Text
publication of this notice in the Federal provides career readiness support for
Pilot Study: Survey To Assess Use of
Register. In order to help ensure Service Members separating from the
AJC Services and Collect Feedback
appropriate consideration, comments military and transitioning to civilian
AGENCY: Office of the Assistant employment. Prior to separation, DOL
should mention OMB Control Number
Secretary for Policy, Chief Evaluation provides the Transition Assistance
1210–0095. The OMB is particularly
Office. Program (TAP) Employment Workshop
interested in comments that: and encourages separating Service
ACTION: Notice.
• Evaluate whether the proposed Members to connect with an American
collection of information is necessary SUMMARY: The Department of Labor Job Center (AJC). After separation, DOL
for the proper performance of the (DOL), as part of its continuing effort to provides career and employment
functions of the agency, including reduce paperwork and respondent services for recently separated veterans
whether the information will have burden, conducts a preclearance at AJC locations throughout the United
practical utility; consultation program to provide the States. AJCs provide support services for
• Evaluate the accuracy of the general public and Federal agencies recently separated Service Members,
agency’s estimate of the burden of the with an opportunity to comment on including help with building and
proposed and/or continuing collections tailoring a resume, one-on-one career
proposed collection of information,
of information in accordance with the counseling, and translating military
including the validity of the
Paperwork Reduction Act of 1995 experience and skills to civilian careers.
methodology and assumptions used;
(PRA95) [44 U.S.C. 3506(c)(2)(A)]. This This data collection is part of an
• Enhance the quality, utility, and program helps to ensure that required evaluation designed to improve DOL’s
clarity of the information to be data can be provided in the desired understanding of how emails and/or
collected; and format, reporting burden (time and text reminders could be used to
• Minimize the burden of the financial resources) is minimized, encourage Army soldiers in the E1 to E6
collection of information on those who collection instruments are clearly pay grades to take advantage of free
are to respond, including through the understood, and the impact of collection career and employment services
use of appropriate automated, requirements on respondents can be provided by AJCs. This may inform
electronic, mechanical, or other properly assessed. future enhancements to the military’s
technological collection techniques or A copy of the proposed Information transition process in the TAP
Collection Request can be obtained by Employment Workshop to improve
other forms of information technology,
contacting the office listed below in the civilian employment among veterans.
e.g., permitting electronic submission of
addressee section of this notice. Army soldiers in the E1 to E6 pay grades
responses. represent a group that may experience
Agency: DOL–EBSA. DATES: Written comments must be
longer unemployment after separation,
submitted to the office listed in the may be less likely to take advantage of
Title of Collection: Prohibited addressee section below on or before
Transaction Class Exemption 1988–59, TAP services or meet Career Readiness
August 16, 2016. Standards, and may stand to benefit
Residential Mortgage Financing
ADDRESSES: You may submit comments more significantly from the services
Arrangements Involving Employee
by either one of the following methods: offered by AJCs than soldiers at higher
Benefit Plans.
Email: ChiefEvaluationOffice@dol.gov; ranks. The Army soldiers in the E1 to
OMB Control Number: 1210–0095. Mail or Courier: Janet Javar, Chief E6 pay grades who are participating in
Affected Public: Private Sector— Evaluation Office, U.S. Department of the TAP Employment Workshop will
businesses or other for-profits and not- Labor, Room S–2312, 200 Constitution receive both pre-separation and post-
for-profit institutions. Avenue NW., Washington, DC 20210. separation reminders by email, text, or
Instructions: Please submit one copy both (depending on the soldier’s
Total Estimated Number of
of your comments by only one method. selected preference). The reminders may
Respondents: 2,000.
All submissions received must include contain general and specific information
Total Estimated Number of the agency name and OMB Control about AJC services, a link to the AJC
Responses: 11,000. Number identified above for this locator, and how to schedule an
Total Estimated Annual Time Burden: information collection. Because we appointment with an AJC
900 hours. continue to experience delays in representative. This study will involve
receiving mail in the Washington, DC the collection of data through a web-
Total Estimated Annual Other Costs
area, commenters are strongly based survey of the Army veterans who
Burden: $0. encouraged to transmit their comments participated in the TAP Employment
Dated: June 10, 2016. electronically via email or to submit Workshop and agreed to be a part of the
sradovich on DSK3TPTVN1PROD with NOTICES

Michel Smyth, them by mail early. Comments, study.
Departmental Clearance Officer. including any personal information
II. Desired Focus of Comments
[FR Doc. 2016–14285 Filed 6–16–16; 8:45 am]
provided, become a matter of public
record. They will also be summarized The Department of Labor is soliciting
BILLING CODE 4510–29–P
and/or included in the request for OMB comments concerning the data
approval of the information collection collection described above. Comments
request. are requested to:

VerDate Sep<11>2014 16:48 Jun 16, 2016 Jkt 238001 PO 00000 Frm 00094 Fmt 4703 Sfmt 4703 E:\FR\FM\17JNN1.SGM 17JNN1

Document Created: 2016-06-17 01:05:18
Document Modified: 2016-06-17 01:05:18

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.
Dates		The OMB will consider all written comments that agency receives on or before July 18, 2016.
Contact		Contact Michel Smyth by telephone at 202-693-4129, TTY 202-693-8064, (these are not toll-free numbers) or by email at [email protected]
FR Citation		81 FR 39716

81 FR 39716 - Agency Information Collection Activities; Submission for OMB Review; Comment Request; Prohibited Transaction Class Exemption 1988-59, Residential Mortgage Financing Arrangements Involving Employee Benefit Plans

DEPARTMENT OF LABOROffice of the Secretary

Federal Register Volume 81, Issue 117 (June 17, 2016)

DEPARTMENT OF LABOR
Office of the Secretary