82 FR 23981 - Proposed Collection of Information: Automatic Enrollment Individual Retirement Accounts (Auto-IRAs)
DEPARTMENT OF THE TREASURY
Bureau of the Fiscal Service Federal Register Volume 82, Issue 99 (May 24, 2017)
Bureau of the Fiscal Service
Federal Register Volume 82, Issue 99 (May 24, 2017)
| Page Range | 23981-23981 | |
| FR Document | 2017-10639 |
[Federal Register Volume 82, Number 99 (Wednesday, May 24, 2017)] [Notices] [Page 23981] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2017-10639] [[Page 23981]] ======================================================================= ----------------------------------------------------------------------- DEPARTMENT OF THE TREASURY Bureau of the Fiscal Service Proposed Collection of Information: Automatic Enrollment Individual Retirement Accounts (Auto-IRAs) ACTION: Notice and request for comments. ----------------------------------------------------------------------- SUMMARY: The Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995. Currently the Bureau of the Fiscal Service within the Department of the Treasury is soliciting comments concerning Automatic Enrollment Individual Retirement Accounts (Auto- IRAs). DATES: Written comments should be received on or before July 24, 2017 to be assured of consideration. ADDRESSES: Direct all written comments and requests for additional information to Bureau of the Fiscal Service, Bruce A. Sharp, 200 Third Street A4-A, Parkersburg, WV 26106-1328, or [email protected]. SUPPLEMENTARY INFORMATION: Title: Automatic Enrollment Individual Retirement Accounts (Auto- IRAs). OMB Number: 1530-0068. Abstract: Approximately one-third of private-sector employees in the United States lack access to retirement savings plans through their employers. To fill this gap, several states (or their political subdivisions) are establishing or considering programs that will encourage employees to save for their retirement, including through automatic enrollment individual retirement accounts and other approaches (collectively referred to here as Auto-IRAs). Under an Auto- IRA program, employee contributions are deposited into an IRA and invested in accordance with the design of the Auto-IRA program and the wishes of the participant. In order to assist states in offering risk- averse savers a principal-protected investment, the Department of the Treasury, Fiscal Service (Fiscal Service) will offer retirement savings bonds to certain state Auto-IRA retirement savings programs. To help the Fiscal Service determine whether it should offer or continue to offer the bonds for a given state Auto-IRA program, that program must provide documentation to Fiscal Service annually, in a form and manner acceptable to Fiscal Service, addressing topics such as administration; account monitoring; ability to transfer; withdrawals; consumer protection; consumer education; costs of administration borne by consumers; oversight; pooling; and any proposed use of the bond as a default investment. Current Actions: Extension of a currently approved collection. Type of Review: Regular. Affected Public: State, Local, and Tribal Governments. Estimated Number of Respondents: 5. Estimated Time per Respondent: 8 hours. Estimated Total Annual Burden Hours: 40. Request For Comments: 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 to be collected; (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. Dated: May 19, 2017. Bruce A. Sharp, Bureau Clearance Officer. [FR Doc. 2017-10639 Filed 5-23-17; 8:45 am] BILLING CODE 4810-AS-P
![Federal Register / Vol. 82, No. 99 / Wednesday, May 24, 2017 / Notices 23981
DEPARTMENT OF THE TREASURY annually, in a form and manner interests in property are blocked
acceptable to Fiscal Service, addressing pursuant to executive order of
Bureau of the Fiscal Service topics such as administration; account September 23, 2001, ‘‘Blocking Property
monitoring; ability to transfer; and Prohibiting Transactions With
Proposed Collection of Information: withdrawals; consumer protection; Persons Who Commit, Threaten To
Automatic Enrollment Individual consumer education; costs of Commit, or Support Terrorism.’’
Retirement Accounts (Auto-IRAs) administration borne by consumers; DATES: OFAC’s actions described in this
Notice and request for
ACTION: oversight; pooling; and any proposed notice were effective on May 19, 2017.
comments. use of the bond as a default investment. FOR FURTHER INFORMATION CONTACT:
Current Actions: Extension of a Associate Director for Global Targeting,
SUMMARY: The Department of the currently approved collection. tel.: 202/622–2420, Assistant Director
Treasury, as part of its continuing effort Type of Review: Regular. for Sanctions Compliance & Evaluation,
to reduce paperwork and respondent Affected Public: State, Local, and tel.: 202/622–2490, Assistant Director
burden, invites the general public and Tribal Governments. for Licensing, tel.: 202/622–2480, Office
other Federal agencies to take this Estimated Number of Respondents: 5. of Foreign Assets Control, or Chief
opportunity to comment on proposed Estimated Time per Respondent: 8
Counsel (Foreign Assets Control), tel.:
and/or continuing information hours.
202/622–2410, Office of the General
collections, as required by the Estimated Total Annual Burden
Counsel, Department of the Treasury
Paperwork Reduction Act of 1995. Hours: 40.
Request For Comments: Comments (not toll free numbers).
Currently the Bureau of the Fiscal
submitted in response to this notice will SUPPLEMENTARY INFORMATION:
Service within the Department of the
Treasury is soliciting comments be summarized and/or included in the Electronic Availability
concerning Automatic Enrollment request for OMB approval. All
The SDN List and additional
Individual Retirement Accounts (Auto- comments will become a matter of
information concerning OFAC sanctions
IRAs). public record. Comments are invited on:
programs are available from OFAC’s
(a) Whether the collection of
DATES: Written comments should be Web site (www.treas.gov/ofac).
information is necessary for the proper
received on or before July 24, 2017 to be Notice of OFAC Actions
performance of the functions of the
assured of consideration.
agency, including whether the On May 19, 2017, OFAC blocked the
ADDRESSES: Direct all written comments information shall have practical utility;
and requests for additional information property and interests in property of the
(b) the accuracy of the agency’s estimate following 2 individuals pursuant to E.O.
to Bureau of the Fiscal Service, Bruce A. of the burden of the collection of
Sharp, 200 Third Street A4–A, 13224, ‘‘Blocking Property and
information; (c) ways to enhance the Prohibiting Transactions With Persons
Parkersburg, WV 26106–1328, or quality, utility, and clarity of the
bruce.sharp@fiscal.treasury.gov. Who Commit, Threaten To Commit, or
information to be collected; (d) ways to Support Terrorism’’:
SUPPLEMENTARY INFORMATION: minimize the burden of the collection of
Title: Automatic Enrollment information on respondents, including Individuals
Individual Retirement Accounts (Auto- through the use of automated collection 1. AL–ARADAH, Khalid Ali Mabkhut
IRAs). techniques or other forms of information (a.k.a. AL–ARADAH, Khalid Ali; a.k.a. AL–
OMB Number: 1530–0068. technology; and (e) estimates of capital ARADEH, Khalid; a.k.a. AL–ARRADAH,
Abstract: Approximately one-third of Khalid; a.k.a. ARADA, Khalid), Marib, Marib
or start-up costs and costs of operation,
private-sector employees in the United Governorate, Yemen; DOB 01 Jan 1965; alt.
maintenance, and purchase of services
States lack access to retirement savings DOB 01 Aug 1957; alt. DOB 01 Jan 1957;
to provide information. nationality Yemen; Gender Male (individual)
plans through their employers. To fill
this gap, several states (or their political Dated: May 19, 2017. [SDGT] (Linked To: AL–QA’IDA IN THE
subdivisions) are establishing or Bruce A. Sharp, ARABIAN PENINSULA).
2. AL–HAMID, Hashim Muhsin Aydarus
considering programs that will Bureau Clearance Officer.
(a.k.a. AL HAMID, Hashim; a.k.a. AL–
encourage employees to save for their [FR Doc. 2017–10639 Filed 5–23–17; 8:45 am] AIDAROOS, Hashim Mohsen; a.k.a.
retirement, including through automatic BILLING CODE 4810–AS–P ALHAMAD, Hashem Mohssein Idroos; a.k.a.
enrollment individual retirement ALHAMED, Hossin Mohsen; a.k.a.
accounts and other approaches ALHAMID, Hashim; a.k.a. AL–HAMID,
(collectively referred to here as Auto- DEPARTMENT OF THE TREASURY Mohsan; a.k.a. AL–HAMSHI, Hashim al-
IRAs). Under an Auto-IRA program, Hamid; a.k.a. ALHMAID, Housin Mohsein;
Office of Foreign Assets Control a.k.a. IDAROOS, Hashim Mohsen; a.k.a.
employee contributions are deposited
‘‘ABU TAHIR’’), Al Ghaydah, al-Mahrah
into an IRA and invested in accordance Governorate, Yemen; Shabwah Governorate,
with the design of the Auto-IRA Sanctions Actions Pursuant to
Executive Order of September 23, Yemen; Mansoura, Aden, Yemen; Mukalla,
program and the wishes of the Hadramawt Governorate, Yemen; Abyan
participant. In order to assist states in 2001, ‘‘Blocking Property and Governorate, Yemen; Marib Governorate,
offering risk-averse savers a principal- Prohibiting Transactions With Persons Yemen; DOB 12 Dec 1985; POB Yemen;
protected investment, the Department of Who Commit, Threaten To Commit, or nationality Yemen; Gender Male; National ID
the Treasury, Fiscal Service (Fiscal Support Terrorism No. 16010003042 (Yemen) (individual)
asabaliauskas on DSK3SPTVN1PROD with NOTICES
[SDGT] (Linked To: AL–QA’IDA IN THE
Service) will offer retirement savings AGENCY: Office of Foreign Assets ARABIAN PENINSULA).
bonds to certain state Auto-IRA Control, Treasury.
retirement savings programs. To help Dated: May 19, 2017.
ACTION: Notice.
the Fiscal Service determine whether it Andrea Gacki,
should offer or continue to offer the SUMMARY: The Department of the Acting Director, Office of Foreign Assets
bonds for a given state Auto-IRA Treasury’s Office of Foreign Assets Control.
program, that program must provide Control (OFAC) is publishing the names [FR Doc. 2017–10635 Filed 5–23–17; 8:45 am]
documentation to Fiscal Service of 2 individuals whose property and BILLING CODE 4811–AL–P
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Document Created: 2017-05-24 01:03:10
Document Modified: 2017-05-24 01:03:10
| 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 should be received on or before July 24, 2017 to be assured of consideration. | |
| FR Citation | 82 FR 23981 |
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