82 FR 20397 - New Postal Products

POSTAL REGULATORY COMMISSION

Federal Register Volume 82, Issue 82 (May 1, 2017)

Page Range		20397-20398
FR Document		2017-08745

The Commission is noticing a recent Postal Service filing for the Commission's consideration concerning negotiated service agreements. This notice informs the public of the filing, invites public comment, and takes other administrative steps.

Federal Register, Volume 82 Issue 82 (Monday, May 1, 2017)

[Federal Register Volume 82, Number 82 (Monday, May 1, 2017)]
[Notices]
[Pages 20397-20398]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-08745]


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POSTAL REGULATORY COMMISSION

[Docket Nos. MC2017-122 and CP2017-173; MC2017-123 and CP2017-174]


New Postal Products

AGENCY: Postal Regulatory Commission.

ACTION: Notice.

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SUMMARY: The Commission is noticing a recent Postal Service filing for 
the Commission's consideration concerning negotiated service 
agreements. This notice informs the public of the filing, invites 
public comment, and takes other administrative steps.

DATES: Comments are due: May 3, 2017.

ADDRESSES: Submit comments electronically via the Commission's Filing 
Online system at http://www.prc.gov. Those who cannot submit comments 
electronically should contact the person identified in the FOR FURTHER 
INFORMATION CONTACT section by telephone for advice on filing 
alternatives.

FOR FURTHER INFORMATION CONTACT: David A. Trissell, General Counsel, at 
202-789-6820.

SUPPLEMENTARY INFORMATION:

Table of Contents

I. Introduction
II. Docketed Proceeding(s)

I. Introduction

    The Commission gives notice that the Postal Service filed 
request(s) for the Commission to consider matters related to negotiated 
service agreement(s). The request(s) may propose the addition or 
removal of a negotiated service agreement from the market dominant or 
the competitive product list, or the modification of an existing 
product currently appearing on the market dominant or the competitive 
product list.
    Section II identifies the docket number(s) associated with each 
Postal Service request, the title of each Postal Service request, the 
request's acceptance date, and the authority cited by the Postal 
Service for each request. For each request, the Commission appoints an 
officer of the Commission to represent the interests of the general 
public in the proceeding, pursuant to 39 U.S.C. 505 (Public 
Representative). Section II also establishes comment deadline(s) 
pertaining to each request.
    The public portions of the Postal Service's request(s) can be 
accessed via the Commission's Web site (http://www.prc.gov). Non-public 
portions of the Postal Service's request(s), if any, can be accessed 
through compliance with the requirements of 39 CFR 3007.40.
    The Commission invites comments on whether the Postal Service's 
request(s) in the captioned docket(s) are consistent with the policies 
of title 39. For request(s) that the Postal Service states concern 
market dominant product(s), applicable statutory and regulatory 
requirements include 39 U.S.C. 3622, 39 U.S.C. 3642, 39 CFR part 3010, 
and 39 CFR part 3020, subpart B. For request(s) that the Postal Service 
states concern competitive product(s), applicable statutory and 
regulatory requirements include 39 U.S.C. 3632, 39 U.S.C. 3633, 39 
U.S.C. 3642, 39 CFR part 3015, and 39 CFR part 3020, subpart B. Comment 
deadline(s) for each request appear in section II.

II. Docketed Proceeding(s)

    1. Docket No(s).: MC2017-122 and CP2017-173; Filing Title: Request 
of the United States Postal Service to Add Priority Mail Contract 313 
to Competitive Product List and Notice of Filing (Under Seal) of 
Unredacted Governors' Decision, Contract, and Supporting Data; Filing 
Acceptance Date: April 25, 2017; Filing Authority: 39 U.S.C. 3642 and 
39 CFR 3020.30 et seq.; Public Representative: Katalin K. Clendenin; 
Comments Due: May 3, 2017.
    2. Docket No(s).: MC2017-123 and CP2017-174; Filing Title: Request 
of the United States Postal Service to Add Priority Mail Express & 
Priority Mail Contract 47 to Competitive Product List and Notice of 
Filing (Under Seal) of Unredacted Governors' Decision, Contract, and 
Supporting Data; Filing Acceptance Date: April 25, 2017; Filing 
Authority: 39 U.S.C. 3642 and 39 CFR 3020.30 et seq.; Public 
Representative: Katalin K. Clendenin; Comments Due: May 3, 2017.

[[Page 20398]]

    This Notice will be published in the Federal Register.

Stacy L. Ruble,
Secretary.
[FR Doc. 2017-08745 Filed 4-28-17; 8:45 am]
 BILLING CODE 7710-FW-P

Federal Register / Vol. 82, No. 82 / Monday, May 1, 2017 / Notices 20397

business hours. (TTY and TDD users • enhance the quality, utility, and Section II identifies the docket
may call the Federal relay service toll- clarity of the information to be number(s) associated with each Postal
free at 1–800–877–8339 and ask to be collected; and Service request, the title of each Postal
connected to 202–326–4040.) • minimize the burden of the Service request, the request’s acceptance
FOR FURTHER INFORMATION CONTACT: Jo collection of information on those who date, and the authority cited by the
Amato Burns (burns.jo.amato@ are to respond, including through the Postal Service for each request. For each
pbgc.gov), Attorney, Regulatory Affairs use of appropriate automated, request, the Commission appoints an
Group, Office of the General Counsel, electronic, mechanical, or other officer of the Commission to represent
Pension Benefit Guaranty Corporation, technological collection techniques or the interests of the general public in the
1200 K Street NW., Washington, DC other forms of information technology, proceeding, pursuant to 39 U.S.C. 505
20005–4026, 202–326–4400, extension e.g., permitting electronic submission of (Public Representative). Section II also
3072, or Deborah C. Murphy responses. establishes comment deadline(s)
(murphy.deborah@pbgc.gov), Assistant Deborah Chase Murphy,
pertaining to each request.
General Counsel, same address and Assistant General Counsel for Regulatory The public portions of the Postal
phone number, extension 3451. (TTY Affairs, Pension Benefit Guaranty Service’s request(s) can be accessed via
and TDD users may call the Federal Corporation. the Commission’s Web site (http://
relay service toll-free at 800–877–8339 [FR Doc. 2017–08695 Filed 4–28–17; 8:45 am] www.prc.gov). Non-public portions of
and ask to be connected to 202–326– BILLING CODE 7709–02–P the Postal Service’s request(s), if any,
4400, extension 3072 or 3451.) can be accessed through compliance
SUPPLEMENTARY INFORMATION: Annual with the requirements of 39 CFR
reporting to the Internal Revenue POSTAL REGULATORY COMMISSION 3007.40.
Service (IRS), the Employee Benefits The Commission invites comments on
Security Administration (EBSA), and [Docket Nos. MC2017–122 and CP2017–173;
MC2017–123 and CP2017–174] whether the Postal Service’s request(s)
the Pension Benefit Guaranty in the captioned docket(s) are consistent
Corporation (PBGC) is required by law New Postal Products with the policies of title 39. For
for most employee benefit plans. For request(s) that the Postal Service states
example, section 4065 of the Employee AGENCY: Postal Regulatory Commission.
concern market dominant product(s),
Retirement Income Security Act of 1974 ACTION: Notice. applicable statutory and regulatory
requires annual reporting to PBGC for requirements include 39 U.S.C. 3622, 39
pension plans covered by title IV of SUMMARY: The Commission is noticing a
recent Postal Service filing for the U.S.C. 3642, 39 CFR part 3010, and 39
ERISA. To accommodate these filing CFR part 3020, subpart B. For request(s)
requirements, PBGC, IRS, and EBSA Commission’s consideration concerning
negotiated service agreements. This that the Postal Service states concern
have jointly promulgated the Form 5500 competitive product(s), applicable
Series, which includes the Form 5500 notice informs the public of the filing,
invites public comment, and takes other statutory and regulatory requirements
Annual Return/Report of Employee include 39 U.S.C. 3632, 39 U.S.C. 3633,
Benefit Plan and the Form 5500–SF administrative steps.
DATES: Comments are due: May 3, 2017.
39 U.S.C. 3642, 39 CFR part 3015, and
Short Form Annual Return/Report of 39 CFR part 3020, subpart B. Comment
Small Employee Benefit Plan. ADDRESSES: Submit comments
deadline(s) for each request appear in
The collection of information has electronically via the Commission’s
section II.
been approved by OMB under control Filing Online system at http://
number 1212–0057 through June 30, www.prc.gov. Those who cannot submit II. Docketed Proceeding(s)
2017. PBGC intends to request that OMB comments electronically should contact
extend its approval for three years the person identified in the FOR FURTHER 1. Docket No(s).: MC2017–122 and
without change. An agency may not INFORMATION CONTACT section by CP2017–173; Filing Title: Request of the
conduct or sponsor, and a person is not telephone for advice on filing United States Postal Service to Add
required to respond to, a collection of alternatives. Priority Mail Contract 313 to
information unless it displays a Competitive Product List and Notice of
FOR FURTHER INFORMATION CONTACT:
currently valid OMB control number. Filing (Under Seal) of Unredacted
David A. Trissell, General Counsel, at Governors’ Decision, Contract, and
PBGC estimates that it will receive 202–789–6820.
approximately 23,700 Form 5500 and Supporting Data; Filing Acceptance
SUPPLEMENTARY INFORMATION: Date: April 25, 2017; Filing Authority:
Form 5500–SF filings per year under
this collection of information. PBGC Table of Contents 39 U.S.C. 3642 and 39 CFR 3020.30 et
further estimates that the total annual seq.; Public Representative: Katalin K.
I. Introduction Clendenin; Comments Due: May 3,
burden of this collection of information II. Docketed Proceeding(s)
will be 1,200 hours and $1,655,000. 2017.
PBGC is soliciting public comments I. Introduction 2. Docket No(s).: MC2017–123 and
to— The Commission gives notice that the CP2017–174; Filing Title: Request of the
• evaluate whether the proposed Postal Service filed request(s) for the United States Postal Service to Add
collection of information is necessary Commission to consider matters related Priority Mail Express & Priority Mail
for the proper performance of the to negotiated service agreement(s). The Contract 47 to Competitive Product List
functions of the agency, including request(s) may propose the addition or and Notice of Filing (Under Seal) of
srobinson on DSK5SPTVN1PROD with NOTICES

whether the information will have removal of a negotiated service Unredacted Governors’ Decision,
practical utility; agreement from the market dominant or Contract, and Supporting Data; Filing
• evaluate the accuracy of the the competitive product list, or the Acceptance Date: April 25, 2017; Filing
agency’s estimate of the burden of the modification of an existing product Authority: 39 U.S.C. 3642 and 39 CFR
proposed collection of information, currently appearing on the market 3020.30 et seq.; Public Representative:
including the validity of the dominant or the competitive product Katalin K. Clendenin; Comments Due:
methodologies and assumptions used; list. May 3, 2017.

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20398 Federal Register / Vol. 82, No. 82 / Monday, May 1, 2017 / Notices

This Notice will be published in the the board,1 total director time to adopt purposes of the Paperwork Reduction
Federal Register. the charter is 2 hours. Combined with Act, and are not derived from a
an estimated 1⁄2 hour of paralegal time comprehensive or even a representative
Stacy L. Ruble,
to prepare the charter for board review, survey or study of the costs of
Secretary. the staff estimates a total one-time Commission rules and forms. The
[FR Doc. 2017–08745 Filed 4–28–17; 8:45 am] collection of information burden of 21⁄2 collections of information required by
BILLING CODE 7710–FW–P hours for each fund. Once a board rule 32a–4 are necessary to obtain the
adopts an audit committee charter, the benefits of the rule. The Commission is
charter is preserved as part of the fund’s seeking OMB approval, because an
records. Commission staff estimates that agency may not conduct or sponsor, and
SECURITIES AND EXCHANGE there is no annual hourly burden a person is not required to respond to,
COMMISSION associated with preserving the charter in a collection of information unless it
accordance with this rule.2 displays a currently valid control
Submission for OMB Review; Because virtually all existing funds number.
Comment Request have now adopted audit committee The public may view the background
Upon Written Request, Copies Available charters, the annual one-time collection documentation for this information
From: Securities and Exchange of information burden associated with collection at the following Web site,
Commission, Office of FOIA Services, adopting audit committee charters is www.reginfo.gov. Comments should be
100 F Street NE., Washington, DC limited to the burden incurred by newly directed to: (i) Desk Officer for the
20549–2736. established funds. Commission staff Securities and Exchange Commission,
estimates that fund sponsors establish Office of Information and Regulatory
Extension: approximately 112 new funds each
Rule 32a–4, SEC File No. 270–473, OMB
Affairs, Office of Management and
year,3 and that all of these funds will Budget, Room 10102, New Executive
Control No. 3235–0530.
adopt an audit committee charter in Office Building, Washington, DC 20503,
Notice is hereby given that, pursuant order to rely on rule 32a–4. Thus, or by sending an email to: Shagufta_
to the Paperwork Reduction Act of 1995 Commission staff estimates that the Ahmed@omb.eop.gov; and (ii) Pamela
(44 U.S.C. 3501 et seq.), the Securities annual one-time hour burden associated Dyson, Director/Chief Information
and Exchange Commission with adopting an audit committee Officer, Securities and Exchange
(‘‘Commission’’) has submitted to the charter under rule 32a–4 is Commission, c/o Remi Pavlik-Simon,
Office of Management and Budget approximately 280 hours.4 100 F Street NE., Washington, DC 20549
requests for extension of the previously When funds adopt an audit committee or send an email to: PRA_Mailbox@
approved collections of information charter in order to rely on rule 32a–4, sec.gov. Comments must be submitted to
discussed below. they also may incur one-time costs OMB within 30 days of this notice.
Section 32(a)(2) of the Investment related to hiring outside counsel to
prepare the charter. Commission staff Dated: April 25, 2017.
Company Act of 1940 (15 U.S.C. 80a
estimates that those costs average Eduardo A. Aleman,
31(a)(2)) (‘‘Act’’) requires that the
selection of a registered management approximately $1500 per fund.5 As Assistant Secretary.
investment company’s or registered noted above, Commission staff estimates [FR Doc. 2017–08765 Filed 4–28–17; 8:45 am]
face-amount certificate company’s that approximately 112 new funds each BILLING CODE 8011–01–P
(collectively, ‘‘funds’’) independent year will adopt an audit committee
public accountant be submitted to charter in order to rely on rule 32a–4.
shareholders for ratification or rejection. Thus, Commission staff estimates that SECURITIES AND EXCHANGE
Rule 32a–4 under the Investment the ongoing annual cost burden COMMISSION
Company Act (17 CFR 270.32a–4) associated with rule 32a–4 in the future
will be approximately $168,000.6 Submission for OMB Review;
exempts a fund from this requirement if, Comment Request
among other things, the fund has an The estimates of average burden hours
audit committee consisting entirely of and costs are made solely for the Upon Written Request, Copies Available
independent directors. The rule permits From: Securities and Exchange
1 This estimate is based on staff experience and
continuing oversight of a fund’s Commission, Office of FOIA Services,
on discussions with a representative of an entity
accounting and auditing processes by an that surveys funds and calculates fund board 100 F Street NE., Washington, DC
independent audit committee in place statistics based on responses to its surveys. 20549–2736.
of a shareholder vote. 2 This estimate is based on staff experience and
Extension:
Among other things, in order to rely discussions with funds regarding the hour burden
related to maintenance of the charter.
Rule 17a–22, SEC File No. 270–202, OMB
on rule 32a–4, a fund’s board of 3 This estimate is based on the average number of Control No. 3235–0196.
directors must adopt an audit committee notifications of registration on Form N–8A filed Notice is hereby given that pursuant
charter and must preserve that charter, from 2013–2015.
to the Paperwork Reduction Act of 1995
and any modifications to the charter, 4 This estimate is based on the following
(‘‘PRA’’) (44 U.S.C. 3501 et seq.), the
permanently in an easily accessible calculation: (2.5 burden hours for establishing
charter × 112 new funds = 280 burden hours). Securities and Exchange Commission
place. The purpose of these conditions 5 Costs may vary based on the individual needs (‘‘Commission’’) has submitted to the
is to ensure that Commission staff will of each fund. However, based on the staff’s Office of Management and Budget
be able to monitor the duties and experience and conversations with outside counsel
(‘‘OMB’’) a request for approval of
srobinson on DSK5SPTVN1PROD with NOTICES

responsibilities of an audit committee of that prepare these charters, legal fees related to the
preparation and adoption of an audit committee extension of the previously approved
a fund relying on the rule. charter usually average $1500 or less. The collection of information provided for in
Commission staff estimates that on Commission also understands that model audit Rule 17a–22 (17 CFR 240.17a–22) under
average the board of directors takes 15 committee charters are available, which reduces the
the Securities Exchange Act of 1934
minutes to adopt the audit committee costs associated with drafting a charter.
6 This estimate is based on the following (‘‘Exchange Act’’) (15 U.S.C. 78a et seq.).
charter. Commission staff has estimated calculations: ($1500 cost of adopting charter × 112 Rule 17a–22 requires all registered
that with an average of 8 directors on newly established funds = $168,000). clearing agencies to file with the

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Document Created: 2017-04-29 03:16:17
Document Modified: 2017-04-29 03:16:17

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		Comments are due: May 3, 2017.
Contact		David A. Trissell, General Counsel, at 202-789-6820.
FR Citation		82 FR 20397