10252 Federal Register / Vol. 87, No. 36 / Wednesday, February 23, 2022 / Notices 

DEPARTMENT OF LABOR 

Agency Information Collection 

Activities; Submission for OMB 

Review; Comment Request; 

Acquisition and Sale of Trust Real 

Estate Investment Trust Shares by 

Individual Account Plans Sponsored 

by Trust Real Estate Investment Trusts 

ACTION: Notice of availability; request 

for comments. 

SUMMARY: The Department of Labor 

(DOL) is submitting this Employee 

Benefits Security Administration 

(EBSA)-sponsored information 

collection request (ICR) to the Office of 

Management and Budget (OMB) for 

review and approval in accordance with 

the Paperwork Reduction Act of 1995 

(PRA). Public comments on the ICR are 

invited. 

DATES: The OMB will consider all 

written comments that the agency 

receives on or before March 25, 2022. 

ADDRESSES: 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. 

Comments are invited on: (1) Whether 

the collection of information is 

necessary for the proper performance of 

the functions of the Department, 

including whether the information will 

have practical utility; (2) if the 

information will be processed and used 

in a timely manner; (3) the accuracy of 

the agency’s estimates of the burden and 

cost of the collection of information, 

including the validity of the 

methodology and assumptions used; (4) 

ways to enhance the quality, utility and 

clarity of the information collection; and 

(5) ways to minimize the burden of the 

collection of information on those who 

are to respond, including the use of 

automated collection techniques or 

other forms of information technology. 

FOR FURTHER INFORMATION CONTACT: 

Mara Blumenthal by telephone at 202– 

693–8538, or by email at DOL_PRA_

PUBLIC@dol.gov. 

SUPPLEMENTARY INFORMATION: Section 

408(a) of the Employee Retirement 

Income Security Act of 1974 (ERISA) 

gives the Secretary of Labor the 

authority to ‘‘grant a conditional or 

unconditional exemption of any 

fiduciary or transaction, or class of 

fiduciaries or transactions, from all or 

part of the restrictions imposed by 

sections 406 and 407(a).’’ Prohibited 

Transaction Exemption 2004–07 permits 

an individual account pension plan 

sponsored by a real estate investment 

trust (REIT) that is organized as a 

business trust under State law (Trust 

REIT), or by its affiliates, to purchase, 

hold and sell publicly traded shares of 

beneficial interest in the Trust REIT. 

The relief also covers contributions inkind of REIT shares. Such purchases, 

holdings, and sales would otherwise be 

prohibited under sections 406 of ERISA 

and 4975 of the Code. For additional 

substantive information about this ICR, 

see the related notice published in the 

Federal Register on November 9, 2021 

(86 FR 62208). 

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 the OMB 

approves it 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 OMB Control Number. 

See 5 CFR 1320.5(a) and 1320.6. 

DOL seeks PRA authorization for this 

information collection for three (3) 

years. OMB authorization for an ICR 

cannot be for more than three (3) years 

without renewal. The DOL notes that 

information collection requirements 

submitted to the OMB for existing ICRs 

receive a month-to-month extension 

while they undergo review. 

Agency: DOL–EBSA. 

Title of Collection: Acquisition and 

Sale of Trust Real Estate Investment 

Trust Shares by Individual Account 

Plans Sponsored by Trust Real Estate 

Investment Trusts. 

OMB Control Number: 1210–0124. 

Affected Public: Private Sector— 

Businesses or other for-profits. 

Total Estimated Number of 

Respondents: 67. 

Total Estimated Number of 

Responses: 140,700. 

Total Estimated Annual Time Burden: 

7,046 hours. 

Total Estimated Annual Other Costs 

Burden: $465,717. 

(Authority: 44 U.S.C. 3507(a)(1)(D)) 

Dated: February 15, 2022. 

Mara Blumenthal, 

Senior PRA Analyst. 

[FR Doc. 2022–03755 Filed 2–22–22; 8:45 am] 

BILLING CODE 4510–29–P 

DEPARTMENT OF LABOR 

Agency Information Collection 

Activities; Submission for OMB 

Review; Comment Request; Bank 

Collective Investment Funds; 

Prohibited Transaction Class 

Exemption 1991–38 

ACTION: Notice of availability; request 

for comments. 

SUMMARY: The Department of Labor 

(DOL) is submitting this Employee 

Benefits Security Administration 

(EBSA)-sponsored information 

collection request (ICR) to the Office of 

Management and Budget (OMB) for 

review and approval in accordance with 

the Paperwork Reduction Act of 1995 

(PRA). Public comments on the ICR are 

invited. 

DATES: The OMB will consider all 

written comments that the agency 

receives on or before March 25, 2022. 

ADDRESSES: 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. 

Comments are invited on: (1) Whether 

the collection of information is 

necessary for the proper performance of 

the functions of the Department, 

including whether the information will 

have practical utility; (2) if the 

information will be processed and used 

in a timely manner; (3) the accuracy of 

the agency’s estimates of the burden and 

cost of the collection of information, 

including the validity of the 

methodology and assumptions used; (4) 

ways to enhance the quality, utility and 

clarity of the information collection; and 

(5) ways to minimize the burden of the 

collection of information on those who 

are to respond, including the use of 

automated collection techniques or 

other forms of information technology. 

FOR FURTHER INFORMATION CONTACT: 

Mara Blumenthal by telephone at 202– 

693–8538, or by email at DOL_PRA_

PUBLIC@dol.gov. 

SUPPLEMENTARY INFORMATION: Section 

408(a) of the Employee Retirement 

Income Security Act of 1974 (ERISA) 

gives the Secretary of Labor the 

authority to ‘‘grant a conditional or 

unconditional exemption of any 

fiduciary or transaction, or class of 

fiduciaries or transactions, from all or 

part of the restrictions imposed by 

sections 406 and 407(a).’’ Prohibited 


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