81 FR 50727 - Agency Information Collection Activities; Submission for OMB Review; Comment Request; Sale of Securities To Reduce Indebtedness of Party in Interest, Prohibited Transaction Class Exemption 1980-83

DEPARTMENT OF LABOR
Office of the Secretary

Federal Register Volume 81, Issue 148 (August 2, 2016)

Page Range		50727-50728
FR Document		2016-18189

The Department of Labor (DOL) will submit the Employee Benefits Security Administration (EBSA) sponsored information collection request (ICR) titled, ``Sale of Securities to Reduce Indebtedness of Party in Interest, Prohibited Transaction Class Exemption 1980-83,'' to the Office of Management and Budget (OMB) on July 29, 2016, 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 148 (Tuesday, August 2, 2016)

[Federal Register Volume 81, Number 148 (Tuesday, August 2, 2016)]
[Notices]
[Pages 50727-50728]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-18189]


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DEPARTMENT OF LABOR

Office of the Secretary


Agency Information Collection Activities; Submission for OMB 
Review; Comment Request; Sale of Securities To Reduce Indebtedness of 
Party in Interest, Prohibited Transaction Class Exemption 1980-83

ACTION: Notice.

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

SUMMARY: The Department of Labor (DOL) will submit the Employee 
Benefits Security Administration (EBSA) sponsored information 
collection request (ICR) titled, ``Sale of Securities to Reduce 
Indebtedness of Party in Interest, Prohibited Transaction Class 
Exemption 1980-83,'' to the Office of Management and Budget (OMB) on 
July 29, 2016, 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 September 1, 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=201607-1210-001 (this link will only become active 
on July 30, 2016) 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 Sale of Securities to Reduce Indebtedness of Party in Interest, 
Prohibited Transaction Class Exemption 1980-83 (PTE 80-83) information 
collection. This PTE allows an employee benefit plan to purchase 
securities that may aid the issuer of the securities to reduce or 
retire indebtedness to a party in interest. Without the relief provided 
by the class exemption, Employee Retirement Income Security Act of 1974 
(ERISA) prohibited transaction provisions would bar a standard type of 
financial/business transaction between a financial service provider and 
an employee benefit plan. This exemption also provides relief from 
Internal Revenue Code section 4975 prohibited transaction provisions.
    In order to take advantage of the relief provided by this PTE, an 
employee benefit plan must comply with all applicable exemption 
conditions, including keeping records sufficient to establish that 
exemption conditions have been met for exemption-covered transactions. 
The records must be maintained for a period of at least six years from 
a covered transaction and must be made reasonably available for 
inspection upon request by specified interested persons--including plan 
fiduciaries, participants and beneficiaries, sponsoring employers, DOL 
and Internal Revenue Service representatives, and contributing 
employers. ERISA, section 408(a) authorizes this information 
collection. See 29 U.S.C. 1108(a).
    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 1210-0064.
    OMB authorization for an ICR cannot be for more than three (3) 
years without renewal, and 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 
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 1210-0064. 
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: Sale of Securities to Reduce Indebtedness of 
Party in Interest, Prohibited Transaction Class Exemption 1980-83.
    OMB Control Number: 1210-0064.
    Affected Public: Private Sector--businesses or other for-profits.
    Total Estimated Number of Respondents: 25.
    Total Estimated Number of Responses: 25.
    Total Estimated Annual Time Burden: 15 hours.

[[Page 50728]]

    Total Estimated Annual Other Costs Burden: $0.

    Dated: July 27, 2016.
Michel Smyth,
Departmental Clearance Officer.
[FR Doc. 2016-18189 Filed 8-1-16; 8:45 am]
 BILLING CODE 4510-29-P

50728 Federal Register / Vol. 81, No. 148 / Tuesday, August 2, 2016 / Notices

Total Estimated Annual Other Costs Activity for Which Permit is Requested Week of August 22, 2016—Tentative
Burden: $0.
Enter Antarctic Specially Protected There are no meetings scheduled for
Dated: July 27, 2016. Area. The applicant is a participant in the week of August 22, 2016.
Michel Smyth, the Antarctic Artists & Writers program
Departmental Clearance Officer. and plans to travel to Antarctica to Week of August 29, 2016—Tentative
[FR Doc. 2016–18189 Filed 8–1–16; 8:45 am] gather information and images for an
educational publication that will There are no meetings scheduled for
BILLING CODE 4510–29–P
document the research supported the week of August 29, 2016.
through the U.S. Antarctic Program. The Week of September 5, 2016—Tentative
applicant is requesting access to Cape
NATIONAL SCIENCE FOUNDATION There are no meetings scheduled for
Royds, ASPA 121; Backdoor Bay, ASPA
Notice of Permit Applications Received 157; and Arrival Heights, ASPA 122, in the week of September 5, 2016.
Under the Antarctic Conservation Act order to observe and interview * * * * *
of 1978 scientists, document their work and
environs, and make photographs and The schedule for Commission
AGENCY: National Science Foundation sketches. While in the penguin colony meetings is subject to change on short
ACTION: Notice of permit applications at Cape Royds, the applicant will only notice. For more information or to verify
received under the Antarctic observe, photograph, and sketch the the status of meetings, contact Denise
Conservation Act of 1978. penguins such that no take or harmful McGovern at 301–415–0681 or via email
interference will occur. The applicant at Denise.McGovern@nrc.gov.
SUMMARY: The National Science will be accompanied by researchers * * * * *
Foundation (NSF) is required to publish while in the ASPAs. The results of this The NRC Commission Meeting
a notice of permit applications received work is expected to be useful for
to conduct activities regulated under the Schedule can be found on the Internet
outreach and education about
Antarctic Conservation Act of 1978. at: http://www.nrc.gov/public-involve/
Antarctica and the scientific research
NSF has published regulations under public-meetings/schedule.html.
conducted there.
the Antarctic Conservation Act at Title * * * * *
45 Part 670 of the Code of Federal Location
The NRC provides reasonable
Regulations. This is the required notice Cape Royds, ASPA 121; Backdoor accommodation to individuals with
of permit applications received. Bay, ASPA 157; Arrival Heights, ASPA disabilities where appropriate. If you
DATES: Interested parties are invited to 122. need a reasonable accommodation to
submit written data, comments, or Dates participate in these public meetings, or
views with respect to this permit need this meeting notice or the
application by September 1, 2016. This November 1, 2016–January 15, 2017. transcript or other information from the
application may be inspected by Nadene G. Kennedy, public meetings in another format (e.g.
interested parties at the Permit Office, braille, large print), please notify
Polar Coordination Specialist, Division of
address below. Polar Programs. Kimberly Meyer, NRC Disability
ADDRESSES: Comments should be [FR Doc. 2016–18281 Filed 8–1–16; 8:45 am] Program Manager, at 301–287–0739, by
addressed to Permit Office, Room 755, BILLING CODE 7555–01–P videophone at 240–428–3217, or by
Division of Polar Programs, National email at Kimberly.Meyer-Chambers@
Science Foundation, 4201 Wilson nrc.gov. Determinations on requests for
Boulevard, Arlington, Virginia 22230. reasonable accommodation will be
FOR FURTHER INFORMATION CONTACT: NUCLEAR REGULATORY made on a case-by-case basis.
Nature McGinn, ACA Permit Officer, at COMMISSION
the above address or ACApermits@ * * * * *
nsf.gov. [NRC–2016–0001]
Members of the public may request to
receive this information electronically.
SUPPLEMENTARY INFORMATION: The
National Science Foundation, as Sunshine Act Meeting Notice If you would like to be added to the
directed by the Antarctic Conservation distribution, please contact the Nuclear
Act of 1978 (Pub. L. 95–541), as DATE: August 1, 8, 15, 22, 29, September Regulatory Commission, Office of the
amended by the Antarctic Science, 5, 2016. Secretary, Washington, DC 20555 (301–
Tourism and Conservation Act of 1996, PLACE: Commissioners’ Conference 415–1969), or email
has developed regulations for the Room, 11555 Rockville Pike, Rockville, Brenda.Akstulewicz@nrc.gov or
establishment of a permit system for Maryland. Patricia.Jimenez@nrc.gov.
various activities in Antarctica and STATUS: Public and closed. Dated: July 28, 2016.
designation of certain animals and Denise L. McGovern,
certain geographic areas a requiring Week of August 1, 2016
Policy Coordinator, Office of the Secretary.
special protection. The regulations There are no meetings scheduled for
[FR Doc. 2016–18312 Filed 7–29–16; 11:15 am]
establish such a permit system to the week of August 1, 2016.
mstockstill on DSK3G9T082PROD with NOTICES

designate Antarctic Specially Protected BILLING CODE 7590–01–P
Week of August 8, 2016—Tentative
Areas.
There are no meetings scheduled for
APPLICATION DETAILS:
the week of August 8, 2016.
1. Applicant—Permit Application:
2017–007. Week of August 15, 2016—Tentative
Maris Wicks, 81 Electric Avenue #3, There are no meetings scheduled for
Somerville, MA 02144. the week of August 15, 2016.

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Document Created: 2016-08-02 01:48:05
Document Modified: 2016-08-02 01:48:05

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 September 1, 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 50727

81 FR 50727 - Agency Information Collection Activities; Submission for OMB Review; Comment Request; Sale of Securities To Reduce Indebtedness of Party in Interest, Prohibited Transaction Class Exemption 1980-83

DEPARTMENT OF LABOROffice of the Secretary

Federal Register Volume 81, Issue 148 (August 2, 2016)

DEPARTMENT OF LABOR
Office of the Secretary