83 FR 24142 - Product Change-First-Class Package Service Negotiated Service Agreement
POSTAL SERVICE Federal Register Volume 83, Issue 101 (May 24, 2018)
Federal Register Volume 83, Issue 101 (May 24, 2018)
| Page Range | 24142-24143 | |
| FR Document | 2018-11119 |
[Federal Register Volume 83, Number 101 (Thursday, May 24, 2018)] [Notices] [Pages 24142-24143] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2018-11119] ======================================================================= ----------------------------------------------------------------------- POSTAL SERVICE Product Change--First-Class Package Service Negotiated Service Agreement AGENCY: Postal Service[reg]. ACTION: Notice. ----------------------------------------------------------------------- SUMMARY: The Postal Service gives notice of filing a request with the Postal Regulatory Commission to add a domestic shipping services contract to the list of Negotiated Service Agreements in the Mail Classification Schedule's Competitive Products List. DATES: Date of required notice: May 24, 2018. FOR FURTHER INFORMATION CONTACT: Maria W. Votsch, 202-268-6525. SUPPLEMENTARY INFORMATION: The United States Postal Service hereby gives notice that, pursuant to 39 U.S.C. 3642 and 3632(b)(3), on May 21, 2018, it filed with the Postal Regulatory Commission a USPS Request to Add First-Class Package Service Contract 93 [[Page 24143]] to Competitive Product List. Documents are available at www.prc.gov, Docket Nos. MC2018-155, CP2018-224. Maria W. Votsch, Attorney, Corporate and Postal Business Law. [FR Doc. 2018-11119 Filed 5-23-18; 8:45 am] BILLING CODE 7710-12-P
![24142 Federal Register / Vol. 83, No. 101 / Thursday, May 24, 2018 / Notices
SUPPLEMENTARY INFORMATION: This ICR Department has determined that including the validity of the
seeks approval under the PRA for additional information is required to be methodology and assumptions used;
revisions to the Labor Condition collected through Form ETA–9035/ • Enhance the quality, utility, and
Application for H–1B, H–1B1, and E–3 9035E; this enhanced data collection clarity of the information to be
Nonimmigrants information collection. will allow the Department to better track collected; and
More specifically, the Department is employer usage of the program and • Minimize the burden of the
proposing changes to Form ETA–9035, provide greater transparency to the collection of information on those who
Labor Condition Application for public with respect to the employment are to respond, including through the
Nonimmigrant Workers, the Labor of H–1B, H–1B1, and E–3 nonimmigrant use of appropriate automated,
Condition Application (LCA) for H–1B, workers in the United States. With electronic, mechanical, or other
H–1B1, and E–3 Nonimmigrants; Form respect to Form WH–4, the Department technological collection techniques or
WH–4, Nonimmigrant Worker is modifying naming conventions for other forms of information technology,
Information Form; and all applicable certain data fields, to align them better e.g., permitting electronic submission of
instructions and electronic versions. with current Departmental data systems, responses.
The LCA is used in the DOL and reformatting the form to enhance This ICR may be summarized as
employment-based temporary usability and understanding. In follows:
immigration program by employers to addition, the forms have been made Agency: DOL–ETA.
request permission to bring foreign more accessible for persons with Title of Collection: Labor Condition
workers to the United States as disabilities. Application for H–1B, H–1B1, and E–3
nonimmigrants to perform certain work This information collection is subject Nonimmigrants.
to the PRA. A Federal agency generally OMB Control Number: 1205–0310.
in specialty occupations or as fashion
cannot conduct or sponsor a collection Affected Public: Private Sector—
models of distinguished merit and
of information, and the public is business or other for-profits and not-for-
ability. The information collected on
generally not required to respond to an profit institutions; State, Local, and
Form ETA–9035/9035E is required by
information collection, unless it is Tribal Governments; and Individuals or
sections 212(n) and (t) and 214(c) of the
approved by the OMB under the PRA Households.
Immigration and Nationality Act (INA) Total Estimated Number of Annual
(8 U.S.C. 1182(n) and (t), and 1184(c)). and displays a currently valid OMB
Control Number. In addition, Respondents: 680,411.
The Department has promulgated Total Estimated Number of Annual
regulations to implement the INA. notwithstanding any other provisions of
Responses: 694,215.
Specifically for this collection, law, no person shall generally be subject
Total Estimated Annual Time Burden:
regulations 20 CFR 655 subparts H and to penalty for failing to comply with a
898,212 hours.
I are applicable. The INA mandates that collection of information that does not Total Estimated Annual Other Costs
no foreign worker may enter the United display a valid Control Number. See 5 Burden: $906,960.
States for the purpose of performing CFR 1320.6. The DOL obtains OMB
approval for this information collection Authority: 44 U.S.C. 3507(a)(1)(D).
professional work on a temporary basis
unless the employer makes certain under Control Number 1205–0310. The Dated: May 18, 2018.
attestations to the Secretary of Labor current approval is scheduled to expire Michel Smyth,
(Secretary). 8 U.S.C. 1182(n)(1). Those on May 31, 2018; however, the DOL Departmental Clearance Officer.
attestations are as follows: (1) The notes that existing information [FR Doc. 2018–11137 Filed 5–23–18; 8:45 am]
employer will offer a wage that is at collection requirements submitted to the BILLING CODE 4510–FP–P
least the prevailing wage for the OMB receive a month-to-month
occupational classification in the area of extension while they undergo review.
employment or the actual wage paid by New requirements would only take
POSTAL SERVICE
the employer to all other individuals effect upon OMB approval. For
with similar experience and additional substantive information Product Change—First-Class Package
qualifications for the specific about this ICR, see the related notice Service Negotiated Service Agreement
employment in question, whichever is published in the Federal Register on
greater; (2) the working conditions for August 3, 2017, 82 FR 36158. AGENCY: Postal Service®.
the nonimmigrant worker will not Interested parties are encouraged to ACTION: Notice.
adversely affect the working conditions send comments to the OMB, Office of
Information and Regulatory Affairs, at SUMMARY: The Postal Service gives
of similarly employed U.S. workers; (3)
the address shown in the ADDRESSES notice of filing a request with the Postal
there is no strike or lockout in the
section within thirty (30) days of the Regulatory Commission to add a
course of a labor dispute in the
publication of this notice in the Federal domestic shipping services contract to
occupational classification at the place
Register. In order to help ensure the list of Negotiated Service
of employment; and (4) the employer
appropriate consideration, comments Agreements in the Mail Classification
has provided notice of the filing of the
should mention OMB Control Number Schedule’s Competitive Products List.
LCA. Id. In addition, further attestations
are generally required for H–1B 1205–0310. The OMB is particularly DATES: Date of required notice: May 24,
dependent employers and employers interested in comments that: 2018.
who have been found to have willfully • Evaluate whether the proposed FOR FURTHER INFORMATION CONTACT:
violated the statute. Id. Form WH–4 is collection of information is necessary Maria W. Votsch, 202–268–6525.
sradovich on DSK3GMQ082PROD with NOTICES
used to request that the Wage and Hour for the proper performance of the SUPPLEMENTARY INFORMATION: The
Division (WHD) initiate an investigation functions of the agency, including United States Postal Service hereby
related to alleged violations of H–1B, H– whether the information will have gives notice that, pursuant to 39 U.S.C.
1B1, and E–3 program requirements. practical utility; 3642 and 3632(b)(3), on May 21, 2018,
This ICR has been classified as a • Evaluate the accuracy of the it filed with the Postal Regulatory
revision, because of changes to Forms agency’s estimate of the burden of the Commission a USPS Request to Add
ETA–9035/9035E and WH–4. The proposed collection of information, First-Class Package Service Contract 93
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![Federal Register / Vol. 83, No. 101 / Thursday, May 24, 2018 / Notices 24143
to Competitive Product List. Documents A. Self-Regulatory Organization’s FINRA believes that the new issuance
are available at www.prc.gov, Docket Statement of the Purpose of, and structure for CRTs will not materially
Nos. MC2018–155, CP2018–224. Statutory Basis for, the Proposed Rule change the characteristics of the CRTs to
Change warrant altered treatment for purposes
Maria W. Votsch,
of TRACE categorization and
Attorney, Corporate and Postal Business Law. 1. Purpose dissemination. While a trust will be
[FR Doc. 2018–11119 Filed 5–23–18; 8:45 am] issuing the CRTs, FINRA understands
FINRA requires members to report to
BILLING CODE 7710–12–P
the Trade Reporting and Compliance that Fannie and Freddie will retain a
Engine (‘‘TRACE’’) transactions in material net economic interest 5 in the
Agency Debt Securities,3 which reference tranches associated with the
SECURITIES AND EXCHANGE CRTs issued under the new structure
includes those debt securities issued or
COMMISSION and will enter into a credit protection
guaranteed by a Government-Sponsored
agreement with the trust, including
Enterprise (‘‘GSE’’). Fannie Mae
[Release No. 34–83290; File No. SR–FINRA– agreeing to pay any shortfall between
(‘‘Fannie’’) and Freddie Mac
2018–020] the investment earnings on the
(‘‘Freddie’’), both of which are GSEs,
collateral held by the trust and the one-
Self-Regulatory Organizations; announced changes relating to the month LIBOR. Thus, FINRA is
Financial Industry Regulatory issuance structure of their credit risk proposing to amend Rule 6710(l) to
Authority, Inc.; Notice of Filing and transfer securities (‘‘CRTs’’).4 Currently, expand the definition of ‘‘Agency Debt
Immediate Effectiveness of a Proposed Fannie and Freddie issue CRTs as direct Security’’ to include debt issued by a
Rule Change To Modify the Definition debt obligations, and therefore CRTs fall trust or other entity established or
of ‘‘Agency Debt Security’’ within the definition of ‘‘Agency Debt sponsored by a GSE for the purpose of
Security’’ for purposes of TRACE data issuing debt securities, where the GSE
May 18, 2018. categorization and dissemination. provides the collateral to the entity or
Pursuant to Section 19(b)(1) of the FINRA understands that under the new retains a material net economic interest
Securities Exchange Act of 1934 issuance structure, CRTs will be issued in the securities issued by the entity.
(‘‘Act’’) 1 and Rule 19b–4 thereunder,2 by a Fannie- or Freddie-sponsored trust This proposed rule would allow CRTs to
notice is hereby given that on May 17, rather than directly by Fannie or continue to fall within the definition of
2018, the Financial Industry Regulatory Freddie, and proceeds from the sale of ‘‘Agency Debt Security’’ for TRACE
Authority, Inc. (‘‘FINRA’’) filed with the the CRTs will be placed in a trust purposes and would address any similar
Securities and Exchange Commission account and managed by a third-party future modifications by Fannie and
(‘‘SEC’’ or ‘‘Commission’’) the proposed trustee. As a result of CRTs being issued Freddie to other programs.6 FINRA
rule change as described in Items I and by a trust sponsored by a GSE instead believes that this would benefit
II below, which Items have been of directly issued by a GSE, CRTs would investors by ensuring the continued
prepared by FINRA. The Commission is no longer fall within the technical application of the $5 million
publishing this notice to solicit definition of ‘‘Agency Debt Security’’ dissemination cap for unrated Agency
comments on the proposed rule change and would be considered corporate debt Debt Securities, instead of the $1
from interested persons. for TRACE data and dissemination million dissemination cap for unrated
purposes. This outcome would be corporate debt. Additionally, continuing
I. Self-Regulatory Organization’s
problematic for TRACE subscribers to classify CRTs issued under the new
Statement of the Terms of Substance of
consuming data related to CRTs because issuance structure as Agency Debt
the Proposed Rule Change
transactions in CRTs would no longer be Securities would avoid confusion by
FINRA is proposing to amend FINRA disseminated as part of the Agency Debt ensuring that subscribers of the Agency
Rule 6710 to modify the definition of data set. In addition, the TRACE system Debt data set continue to receive
‘‘Agency Debt Security.’’ would apply the corporate, rather than transaction information on CRTs.
The text of the proposed rule change Agency, debt transaction size Finally, FINRA does not believe that the
is available on FINRA’s website at dissemination cap for unrated modification in issuance structure will
http://www.finra.org, at the principal securities, specifically a $1 million materially change the characteristics of
office of FINRA and at the dissemination cap for unrated corporate the CRTs for purposes of TRACE
Commission’s Public Reference Room. debt versus $5 million for unrated dissemination and, therefore, FINRA
II. Self-Regulatory Organization’s Agency Debt Securities. Thus, does not believe that classifying CRTs as
Statement of the Purpose of, and classifying CRTs as corporate debt corporate debt solely because of the new
Statutory Basis for, the Proposed Rule would decrease transparency as to the issuance structure is warranted.
Change actual size of the transaction given that FINRA has filed the proposed rule
unrated corporate debt is disseminated change for immediate effectiveness.
In its filing with the Commission, with the $1, rather than $5, million FINRA has requested that the SEC waive
FINRA included statements concerning dissemination cap. the requirement that the proposed rule
the purpose of and basis for the
proposed rule change and discussed any 3 ‘‘Agency Debt Security’’ generally includes a 5 See, e.g., Fannie Mae, Prospectus, Connecticut
comments it received on the proposed debt security (i) issued or guaranteed by an Agency Avenue Securities, Series 2018–C03 Notes Due
rule change. The text of these statements as defined in Rule 6710(k); or (ii) issued or October 2030, http://www.fanniemae.com/
may be examined at the places specified guaranteed by a Government-Sponsored Enterprise resources/file/credit-risk/pdf/connave-2018-c03-
sradovich on DSK3GMQ082PROD with NOTICES
as defined in Rule 6710(n). Rule 6710(n) provides prospectus.pdf; see also, e.g., Freddie Mac, Offering
in Item IV below. FINRA has prepared that ‘‘Government-Sponsored Enterprise’’ has the Circular, Seasoned Credit Risk Transfer Trust,
summaries, set forth in sections A, B, same meaning as defined in 2 U.S.C. 622(8). Series 2017–3, http://www.freddiemac.com/
and C below, of the most significant 4 Fannie and Freddie introduced their respective seasonedloanofferings/docs/SCRT_2017-3_
aspects of such statements. CRT programs in 2013. CRTs are linked to an OC%20Final.pdf.
underlying loan pool selected and acquired by the 6 FINRA has discussed the proposed rule change
GSE and the credit and prepayment performance of with Fannie and Freddie, both of which support the
1 15 U.S.C. 78s(b)(1). the underlying loans determines the performance of continued inclusion of CRTs within the definition
2 17 CFR 240.19b–4. the CRTs. of ‘‘Agency Debt Security.’’
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Document Created: 2018-05-24 00:05:43
Document Modified: 2018-05-24 00:05:43
| 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 | Date of required notice: May 24, 2018. | |
| Contact | Maria W. Votsch, 202-268-6525. | |
| FR Citation | 83 FR 24142 |
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