Federal Register / Vol. 89, No. 13 / Friday, January 19, 2024 / Notices 3657 

1On December 4, 2015, Congress amended the 

GLBA as part of the Fixing America’s Surface 

Transportation Act (‘‘FAST Act’’). This amendment, 

titled Eliminate Privacy Notice Confusion (FAST 

Act, Pub. L. 114–94, section 75001) added new 

GLBA section 503(f). This subsection provides an 

exception under which financial institutions that 

meet certain conditions are not required to provide 

annual privacy notices to customers. Section 503(f) 

requires that to qualify for this exception, a 

financial institution must not share nonpublic 

personal information about customers except as 

described in certain statutory exceptions, under 

which sharing does not trigger a customer’s 

statutory right to opt out of the sharing. In addition, 

section 503(f)(2) requires that the financial 

institution must not have changed its policies and 

practices with regard to disclosing nonpublic 

personal information from those that the institution 

disclosed in the most recent privacy notice the 

customer received. On December 9, 2021, the 

Privacy Rule was amended at 16 CFR 313.5(e) to 

incorporate this exception. The amendments were 

effective January 10, 2022. 86 FR 70020 (Dec. 9, 

2021). 

legal basis for the request and must 

identify the specific portions of the 

comment to be withheld from the public 

record. See FTC Rule 4.9(c). Your 

comment will be kept confidential only 

if the General Counsel grants your 

request in accordance with the law and 

the public interest. Once your comment 

has been posted publicly at 

www.regulations.gov, we cannot redact 

or remove your comment unless you 

submit a confidentiality request that 

meets the requirements for such 

treatment under FTC Rule 4.9(c), and 

the General Counsel grants that request. 

The FTC Act and other laws that the 

Commission administers permit the 

collection of public comments to 

consider and use in this proceeding as 

appropriate. The Commission will 

consider all timely and responsive 

public comments that it receives on or 

before March 19, 2024. For information 

on the Commission’s privacy policy, 

including routine uses permitted by the 

Privacy Act, see https://www.ftc.gov/ 

site-information/privacy-policy. 

Josephine Liu, 

Assistant General Counsel for Legal Counsel. 

[FR Doc. 2024–01005 Filed 1–18–24; 8:45 am] 

BILLING CODE 6750–01–P 

FEDERAL TRADE COMMISSION 

Agency Information Collection 

Activities; Proposed Collection; 

Comment Request; Extension 

AGENCY: Federal Trade Commission. 

ACTION: Notice. 

SUMMARY: In accordance with the 

Paperwork Reduction Act of 1995 

(PRA), the Federal Trade Commission 

(FTC or Commission) is seeking public 

comment on its proposal to extend for 

an additional three years the current 

Paperwork Reduction Act (PRA) 

clearance for its information collection 

requirements in the Privacy of 

Consumer Financial Information Rule 

(Privacy Rule or Rule). The current 

clearance expires on January 31, 2024. 

DATES: Comments must be filed by 

February 20, 2024. 

ADDRESSES: Interested parties may file a 

comment online or on paper, by 

following the instructions in the 

Request for Comment part of the 

SUPPLEMENTARY INFORMATION section 

below. Written comments and 

recommendations for the proposed 

information collection should be sent 

within 30 days of publication of this 

notice to www.reginfo.gov/public/do/ 

PRAMain. Find this particular 

information collection by selecting 

‘‘Currently under 30-day Review—Open 

for Public Comments’’ or by using the 

search function. The reginfo.gov web 

link is a United States Government 

website produced by the Office of 

Management and Budget (OMB) and the 

General Services Administration (GSA). 

Under PRA requirements, OMB’s Office 

of Information and Regulatory Affairs 

(OIRA) reviews Federal information 

collections. 

FOR FURTHER INFORMATION CONTACT: 

Jennifer Rimm, Attorney, Division of 

Privacy and Identity Protection, Bureau 

of Consumer Protection, Federal Trade 

Commission, (202) 326–2277, jrimm@

ftc.gov. 

SUPPLEMENTARY INFORMATION: Title: 

Privacy of Consumer Financial 

Information (Gramm-Leach-Bliley Act 

Privacy Rule), 16 CFR part 313. 

OMB Control Number: 3084–0121. 

Type of Review: Extension without 

change of currently approved collection. 

Affected Public: Private Sector: 

Businesses and other for-profit entities. 

Abstract: 

The Privacy Rule is designed to 

ensure that customers and consumers, 

subject to certain exceptions, will have 

access to the privacy policies of the 

covered financial institutions with 

which they conduct business—namely, 

motor vehicle dealers that do not 

routinely extend credit to consumers 

directly without assigning the credit to 

unaffiliated third parties (hereafter, 

‘‘motor vehicle dealers’’). As mandated 

by the Gramm-Leach-Bliley Act 

(‘‘GLBA’’), 15 U.S.C. 6801–6809, the 

Rule requires motor vehicle dealers to 

disclose to consumers: (1) initial notice 

of the financial institution’s privacy 

policy when establishing a customer 

relationship with a consumer and/or 

before sharing a consumer’s nonpublic 

personal information with certain 

nonaffiliated third parties; (2) notice of 

the consumer’s right to opt out of 

information sharing with such parties; 

(3) annual notice of the institution’s 

privacy policy to any continuing 

customer; 1 and (4) notice of changes in 

the institution’s practices on 

information sharing. These 

requirements are subject to the PRA. 

The Rule does not require 

recordkeeping. For PRA burden 

calculations, the FTC shares the PRA 

burden with the Consumer Financial 

Protection Bureau (CFPB) for financial 

institutions over which both agencies 

have enforcement authority under the 

CFPB’s regulation corresponding to the 

Privacy Rule, titled Privacy of Consumer 

Financial Information (Regulation P), 12 

CFR part 1016, and attributes to itself 

the burden for all motor vehicle dealers. 

See 12 U.S.C. 5519. 

Estimated Annual Burden Hours: 

1,454,850. 

Estimated Annual Labor Costs: 

$35,820,366. 

Request for Comment 

On October 18, 2023, the FTC sought 

public comment on the information 

collection requirements associated with 

the Rule. 88 FR 71861. No germane 

comments were received. Pursuant to 

the OMB regulations, 5 CFR part 1320, 

that implement the PRA, 44 U.S.C. 3501 

et seq., the FTC is providing this second 

opportunity for public comment while 

seeking OMB approval to renew the preexisting clearance for the Rule. 

Your comment—including your name 

and your state—will be placed on the 

public record of this proceeding. 

Because your comment will be made 

public, you are solely responsible for 

making sure that your comment does 

not include any sensitive personal 

information, such as anyone’s Social 

Security number; date of birth; driver’s 

license number or other state 

identification number, or foreign 

country equivalent; passport number; 

financial account number; or credit or 

debit card number. You are also solely 

responsible for making sure that your 

comment does not include any sensitive 

health information, such as medical 

records or other individually 

identifiable health information. In 

addition, your comment should not 

include any ‘‘trade secret or any 

commercial or financial information 

which . . . is privileged or 

confidential’’ —as provided by section 

6(f) of the FTC Act, 15 U.S.C. 46(f), and 

FTC Rule 4.10(a)(2), 16 CFR 4.10(a)(2)— 

including in particular competitively 

sensitive information such as costs, 


ddrumheller on DSK120RN23PROD with NOTICES1
3658 Federal Register / Vol. 89, No. 13 / Friday, January 19, 2024 / Notices 

1Staff estimates 2,500 models of amplifiers or 

amplifier-integrated devices are sold in the U.S. 

each year and that approximately 2,050 models are 

marketed with amplifier power output-related 

claims that would subject them to the Rule’s 

requirements. Of these 2,050 models, staff estimates 

approximately 80% or 1,640 of the models have 

nominally new model numbers but only 15% or 

308 of the models require new testing and 

disclosures because the products are either entirely 

new or have significant changes from their prior 

iteration. 

2The wage rates for electronics engineers and 

advertising and promotions managers are based on 

recent data from the Bureau of Labor Statistics 

Occupational Employment Statistics Survey at 

https://www.bls.gov/news.release/ocwage.htm. 

sales statistics, inventories, formulas, 

patterns, devices, manufacturing 

processes, or customer names. 

Josephine Liu, 

Assistant General Counsel for Legal Counsel. 

[FR Doc. 2024–01002 Filed 1–18–24; 8:45 am] 

BILLING CODE 6750–01–P 

FEDERAL TRADE COMMISSION 

Agency Information Collection 

Activities; Proposed Collection; 

Comment Request; Extension 

AGENCY: Federal Trade Commission. 

ACTION: Notice. 

SUMMARY: In accordance with the 

Paperwork Reduction Act of 1995 

(‘‘PRA’’), the Federal Trade Commission 

(‘‘FTC’’ or ‘‘Commission’’) is seeking 

public comment on its proposal to 

extend for an additional three years the 

Office of Management and Budget 

clearance for information collection 

requirements in the Trade Regulation 

Rule entitled Power Output Claims for 

Amplifiers Utilized in Home 

Entertainment Products (‘‘Amplifier 

Rule’’ or ‘‘Rule’’). This clearance expires 

on April 30, 2024. 

DATES: Comments must be filed by 

March 19, 2024. 

ADDRESSES: Interested parties may file a 

comment online or on paper, by 

following the instructions in the 

Request for Comment part of the 

SUPPLEMENTARY INFORMATION section 

below. Write ‘‘Amplifier Rule, PRA 

Comment, P085405,’’ on your comment, 

and file your comment online at https:// 

www.regulations.gov by following the 

instructions on the web-based form. If 

you prefer to file your comment on 

paper, mail your comment to the 

following address: Federal Trade 

Commission, Office of the Secretary, 

600 Pennsylvania Avenue NW, Suite 

CC–5610 (Annex J), Washington, DC 

20580. 

FOR FURTHER INFORMATION CONTACT: 

Hong Park, Attorney, Division of 

Enforcement, Bureau of Consumer 

Protection, Federal Trade Commission, 

(202) 326–2158, hpark@ftc.gov. 

SUPPLEMENTARY INFORMATION: 

Title: Amplifier Rule, 16 CFR part 

432. 

OMB Control Number: 3084–0105. 

Type of Review: Extension of a 

currently approved collection. 

Estimated Annual Hours of Burden: 

462 hours (308 testing hours; 154 

disclosure hours). 

Likely Respondents and Estimated 

Burden: 

(a) Testing—High fidelity 

manufacturers—308 new products/year 

× 1 hour each = 308 hours; and 

(b) Disclosures—High fidelity 

manufacturers—[(308 new products/ 

year × 1 specification sheet) + (308 new 

products/year × 1 brochure)] × 15 

minutes per specification sheet or 

brochure = 154 hours. 

Frequency of Response: Periodic. 

Estimated Annual Labor Cost: $28,019 

per year ($17,131 for testing + $10,888 

for disclosures). 

Abstract: The Amplifier Rule assists 

consumers by standardizing the 

measurement and disclosure of power 

output and related performance 

characteristics of amplifiers in stereos 

and other home entertainment 

equipment. The Rule also specifies the 

test conditions necessary to make the 

disclosures that the Rule requires. 

As required by section 3506(c)(2)(A) 

of the PRA, 44 U.S.C. 3506(c)(2)(A), the 

FTC is providing this opportunity for 

public comment before requesting that 

OMB extend the existing clearance for 

the information collection requirements 

contained in the Rule. 

Burden Estimates: 

Estimated annual hours of burden: 

462 hours (308 testing hours; 154 

disclosure hours). 

The Rule’s provisions require 

manufacturers making certain amplifier 

power output-related claims to test the 

power output in accordance with a 

specified FTC protocol. The 

Commission staff estimates that 

approximately 308 new models of 

covered products 1 (i.e., amplifiers, 

receivers, and amplifier-integrated 

devices typically marketed to 

consumers with amplifier power outputrelated claims) come on the market each 

year. High fidelity manufacturers 

routinely conduct performance tests on 

these new models prior to sale. Because 

manufacturers conduct such tests, the 

Rule imposes no additional costs except 

to the extent that the FTC protocol is 

more time-consuming than alternative 

testing procedures. In this regard, a 

warm-up period that the Rule requires 

before measurements are taken may add 

approximately one hour to the time 

testing would otherwise entail. Thus, 

staff estimates that the Rule imposes 

approximately 308 hours (1 hour × 308 

new models) of added testing burden 

annually. 

In addition, the Rule requires 

disclosures if a seller makes a triggering 

power output-related claim for a 

covered product in an advertisement, 

specification sheet, or product brochure. 

This requirement does not impose any 

additional costs on sellers because, 

absent the Rule, media advertisements, 

as well as manufacturer specification 

sheets and product brochures, would 

contain a power specification obtained 

using an alternative to the Rule-required 

testing protocol. The Rule, however, 

also requires disclosure of harmonic 

distortion, power bandwidth, and 

impedance ratings in manufacturer 

specification sheets and product 

brochures that might not otherwise be 

included. 

Staff assumes that manufacturers 

produce one specification sheet and one 

brochure each year for each new model. 

The burden of disclosing the harmonic 

distortion, bandwidth, and impedance 

information on the specification sheets 

and brochures is limited to the time 

needed to draft and review the language 

pertaining to the aforementioned 

specifications. Staff estimates the time 

involved for this task to be a maximum 

of fifteen minutes (or 0.25 hours) for 

each new specification sheet or 

brochure for a total of 154 hours 

(derived from [(308 new models × 1 

specification sheet) + (308 new models 

× 1 brochure)] × 0.25 hours for each 

specification sheet or brochure). The 

total annual burden imposed by the 

Rule, therefore, is approximately 462 

burden hours for testing and 

disclosures. 

Estimated annual labor cost burden: 

$28,019. 

Generally, electronics engineers 

perform the testing of amplifiers. Staff 

estimates a labor cost of $17,131 for 

such testing (308 hours for testing × 

$55.62 mean hourly wages). Staff 

assumes advertising or promotions 

managers prepare the disclosures 

contained in product brochures and 

manufacturer specification sheet and 

estimates a labor cost of $10,888 (154 

hours for disclosures × $70.70 mean 

hourly wages). Accordingly, staff 

estimates the total labor costs associated 

with the Rule to be approximately 

$28,019 per year ($17,131 for testing + 

$10,888 for disclosures).2

The Rule imposes no capital or other 

non-labor costs because its requirements 


ddrumheller on DSK120RN23PROD with NOTICES1