13020 Federal Register / Vol. 87, No. 45 / Tuesday, March 8, 2022 / Notices 

please contact the NRC’s Public 

Document Room (PDR) reference staff at 

1–800–397–4209, 301–415–4737, or by 

email to PDR.Resource@nrc.gov. 

• NRC’s PDR: You may examine and 

purchase copies of public documents, 

by appointment, at the NRC’s PDR, 

Room P1 B35, One White Flint North, 

11555 Rockville Pike, Rockville, 

Maryland 20852. To make an 

appointment to visit the PDR, please 

send an email to PDR.Resource@nrc.gov 

or call 1–800–397–4209 or 301–415– 

4737, between 8:00 a.m. and 4:00 p.m. 

(ET), Monday through Friday, except 

Federal holidays 

B. Submitting Comments 

The NRC encourages electronic 

comment submission through the 

Federal rulemaking website (https://

www.regulations.gov). Please include 

Docket ID NRC–2021–0036 in your 

comment submission. 

The NRC cautions you not to include 

identifying or contact information that 

you do not want to be publicly 

disclosed in your comment submission. 

The NRC posts all comment 

submissions at https://

www.regulations.gov as well as enters 

the comment submissions into ADAMS. 

The NRC does not routinely edit 

comment submissions to remove 

identifying or contact information. 

If you are requesting or aggregating 

comments from other persons for 

submission to the NRC, then you should 

inform those persons not to include 

identifying or contact information that 

they do not want to be publicly 

disclosed in their comment submission. 

Your request should state that the NRC 

does not routinely edit comment 

submissions to remove such information 

before making the comment 

submissions available to the public or 

entering the comment submissions into 

ADAMS. 

II. Discussion 

On February 8, 2022, the NRC 

published a document in the Federal 

Register (87 FR 7209) soliciting 

comments on DG–1385, ‘‘Water Sources 

for Long-Term Cooling Following a 

Loss-of-Coolant Accident.’’ This DG is 

proposed Revision 5 to Regulatory 

Guide 1.82, which describes an 

approach that may be used to determine 

quality standards acceptable to the NRC 

staff, to meet the regulatory 

requirements for sumps and 

suppression pools that provide water 

sources for emergency core cooling, 

containment heat removal, or 

containment atmosphere cleanup 

systems. It also provides guidelines for 

evaluating the adequacy and the 

availability of the sump or suppression 

pool for long-term recirculation cooling 

following a loss-of-coolant-accident, and 

the use of containment accident 

pressure in determining the net positive 

suction head for the emergency core 

cooling and containment heat removal 

pumps. This proposed revision 

guidance applies to both the 

pressurized-water reactor and boilingwater reactor types of light-water 

reactors. The comment period was 

originally scheduled to close on March 

10, 2022. Upon the request of the 

Nuclear Energy Institute, the NRC has 

decided to extend the public comment 

period on this document until April 8, 

2022, to allow more time for members 

of the public to submit their comments. 

Dated: March 2, 2022. 

For the Nuclear Regulatory Commission. 

Meraj Rahimi, 

Chief, Regulatory Guide and Programs 

Management Branch, Division of Engineering, 

Office of Nuclear Regulatory Research. 

[FR Doc. 2022–04838 Filed 3–7–22; 8:45 am] 

BILLING CODE 7590–01–P 

PENSION BENEFIT GUARANTY 

CORPORATION 

Proposed Submission of Information 

Collections for OMB Review; Comment 

Request; Multiemployer Plan 

Regulations 

AGENCY: Pension Benefit Guaranty 

Corporation. 

ACTION: Notice of intent to request 

extension of OMB approval of 

information collections. 

SUMMARY: The Pension Benefit Guaranty 

Corporation (PBGC) intends to request 

that the Office of Management and 

Budget (OMB) extend its approval, 

under the Paperwork Reduction Act of 

collections of information in PBGC’s 

regulations on multiemployer plans 

under the Employee Retirement Income 

Security Act of 1974 (ERISA). This 

notice informs the public of PBGC’s 

intent and solicits public comment on 

the collections of information. 

DATES: Comments must be submitted by 

May 9, 2022. 

ADDRESSES: Comments may be 

submitted by any of the following 

methods: 

• Federal eRulemaking Portal: http:// 

www.regulations.gov. Follow the online 

instructions for submitting comments. 

• Email: paperwork.comments@

pbgc.gov. 

• Mail or Hand Delivery: Regulatory 

Affairs Division, Office of the General 

Counsel, Pension Benefit Guaranty 

Corporation, 1200 K Street NW, 

Washington, DC 20005–4026. 

Commenters are strongly encouraged 

to submit public comments 

electronically. PBGC expects to have 

limited personnel available to process 

public comments that are submitted on 

paper through mail. Until further notice, 

any comments submitted on paper will 

be considered to the extent practicable. 

All submissions received must 

include the agency’s name (Pension 

Benefit Guaranty Corporation, or PBGC) 

and refer to the OMB control number(s) 

and the specific part number(s) of the 

regulation(s) they relate to. All 

comments received will be posted 

without change to PBGC’s website, 

http://www.pbgc.gov, including any 

personal information provided. 

Commenters should not include any 

information for which disclosure is 

restricted by statute, such as trade 

secrets and commercial or financial 

information (‘‘confidential business 

information’’). Submission of 

confidential business information 

without a request for protected 

treatment constitutes a waiver of any 

claims of confidentiality. 

Copies of the collections of 

information may be obtained by writing 

to Disclosure Division, Office of the 

General Counsel, Pension Benefit 

Guaranty Corporation, 1200 K Street 

NW, Washington, DC 20005–4026, or 

calling 202–229–4040 during normal 

business hours. If you are deaf, hard of 

hearing, or have a speech disability, 

please dial 7–1–1 to access 

telecommunications relay services. 

FOR FURTHER INFORMATION CONTACT: 

Karen Levin (levin.karen@pbgc.gov), 

Attorney, Regulatory Affairs Division, 

Office of the General Counsel, Pension 

Benefit Guaranty Corporation, 1200 K 

Street NW, Washington, DC 20005– 

4026, 202–229–3559. (If you are deaf, 

hard of hearing, or have a speech 

disability, please dial 7–1–1 to access 

telecommunications relay services.) 

SUPPLEMENTARY INFORMATION: OMB has 

approved and issued control numbers 

for three collections of information in 

PBGC’s regulations relating to 

multiemployer plans. These collections 

of information are described below. 

OMB approvals for these collections of 

information expire June 30, 2022. PBGC 

intends to request that OMB extend its 

approval of these collections of 

information for 3 years. An agency may 

not conduct or sponsor, and a person is 

not required to respond to, a collection 

of information unless it displays a 

currently valid OMB control number. 

PBGC is soliciting public comments to— 


lotter on DSK11XQN23PROD with NOTICES1
Federal Register / Vol. 87, No. 45 / Tuesday, March 8, 2022 / Notices 13021 

• Evaluate whether the proposed 

collections of information are necessary 

for the proper performance of the 

functions of the agency, including 

whether the information will have 

practical utility; 

• Evaluate the accuracy of the 

agency’s estimate of the burden of the 

proposed collections of information, 

including the validity of the 

methodologies and assumptions used; 

• Enhance the quality, utility, and 

clarity of the information to be 

collected; and 

• Minimize the burden of the 

collections of information on those who 

are to respond, including through the 

use of appropriate automated, 

electronic, mechanical, or other 

technological collection techniques or 

other forms of information technology, 

e.g., permitting electronic submission of 

responses. 

1. Termination of Multiemployer Plans 

(29 CFR Part 4041A) (OMB Control 

Number 1212–0020) (Expires June 30, 

2022) 

Section 4041A(f)(2) of ERISA 

authorizes PBGC to prescribe reporting 

requirements and other rules and 

standards for administering terminated 

multiemployer plans. Section 4041A(c) 

and (f)(1) of ERISA prohibit the payment 

by a mass-withdrawal-terminated plan 

of lump sums greater than $1,750 or of 

nonvested plan benefits unless 

authorized by PBGC. 

The regulation requires the plan 

sponsor of a terminated plan to file a 

notice of termination with PBGC. The 

notice of termination must contain the 

information and certification specified 

in the instructions for the notice of 

termination on http://www.pbgc.gov. 

The regulation also requires the plan 

sponsor of a mass-withdrawalterminated plan that is closing out to 

give notices to participants regarding 

the election of alternative forms of 

benefit distribution and, if the plan is 

not closing out, to obtain PBGC 

approval to pay lump sums greater than 

$1,750 or to pay nonvested plan 

benefits. 

PBGC uses the information in a notice 

of termination to assess the likelihood 

that PBGC financial assistance will be 

needed. Plan participants and 

beneficiaries use the information on 

alternative forms of benefit to make 

personal financial decisions. PBGC uses 

the information in an application for 

approval to pay lump sums greater than 

$1,750 or to pay nonvested plan benefits 

to determine whether such payments 

should be permitted. 

The regulation also requires plans 

terminated by mass withdrawal, plans 

terminated by plan amendment that are 

expected to become insolvent, and 

insolvent plans under part 4245 

receiving financial assistance from 

PBGC (whether terminated or not 

terminated) to file with PBGC 

withdrawal liability information and 

actuarial valuations or, for smaller plans 

receiving financial assistance where the 

present value of the plan’s 

nonforfeitable benefits is $50 million or 

less, alternative information. PBGC uses 

the withdrawal liability and actuarial 

valuation information to estimate 

PBGC’s multiemployer liabilities for 

purposes of its financial statements and 

to provide financial assistance to plans 

that become insolvent. 

PBGC estimates that each year, plan 

sponsors submit notices of termination 

for five plans, distribute election notices 

to participants in one of those plans and 

submit requests to pay benefits or 

benefit forms not otherwise permitted 

for one of those plans. The estimated 

annual burden of this part of this 

collection of information is 25 hours 

and $25,000. 

Furthermore, PBGC estimates that 

each year, plan sponsors file actuarial 

valuations electronically for 100 plans 

that are terminated or insolvent, and 

that only 1 smaller plan will file 

alternative information. The estimated 

annual burden of this part of the 

collection of information is 26 hours 

and $10,400. 

PBGC estimates that each year plan 

sponsors file withdrawal liability 

payment information from 

approximately 10 plans. The estimated 

annual burden of this part of the 

collection of information is 10 hours 

and $4,000. 

The estimated total hour burden is 61 

hours (25 + 26 + 10). The estimated 

annual burden of the collection of 

information is estimated to be $39,400 

($25,000 + $4,000 + $10,400). 

2. Duties of Plan Sponsor of an 

Insolvent Plan (29 CFR Part 4245) 

(OMB Control Number 1212–0033) 

(Expires June 30, 2022) 

Section 4245(e) of ERISA requires two 

types of notice: A ‘‘notice of 

insolvency,’’ stating a plan sponsor’s 

determination that the plan is or may 

become insolvent, and a ‘‘notice of 

insolvency benefit level,’’ stating the 

level of benefits that will be paid during 

an insolvency year. The recipients of 

these notices are PBGC, contributing 

employers, employee organizations 

representing participants, and 

participants and beneficiaries. 

The regulation establishes the 

procedure for complying with these 

notice requirements. It allows a plan 

sponsor to combine the notice of 

insolvency and notice of insolvency 

benefit level. In addition, the regulation 

only requires a plan sponsor to provide 

an updated notice to participants and 

beneficiaries if there is a change in the 

amount of benefits paid to participants 

and beneficiaries. PBGC uses the 

information submitted to estimate cash 

needs for financial assistance to 

troubled plans. The collective 

bargaining parties use the information to 

decide whether additional plan 

contributions will be made to avoid the 

insolvency and consequent benefit 

suspensions. Plan participants and 

beneficiaries use the information in 

personal financial decisions. 

PBGC estimates that at most one plan 

sponsor of an ongoing plan gives notices 

each year under section 4245. The 

estimated annual burden of the 

collection of information is 16 hours 

and $10,000. 

3. Duties of Plan Sponsor Following 

Mass Withdrawal (29 CFR Part 4281) 

(OMB Control Number 1212–0032) 

(Expires June 30, 2022) 

Section 4281 of ERISA provides rules 

for plans that have terminated by mass 

withdrawal. Under section 4281, if 

nonforfeitable benefits exceed plan 

assets, the plan sponsor must amend the 

plan to reduce benefits. If the plan 

nevertheless becomes insolvent, the 

plan sponsor must suspend certain 

benefits that cannot be paid. If available 

resources are inadequate to pay 

guaranteed benefits, the plan sponsor 

must request financial assistance from 

PBGC. 

The regulation requires a plan 

sponsor to give notices of benefit 

reduction, notices of insolvency, and 

notices of insolvency benefit level to 

PBGC and to participants and 

beneficiaries and, if necessary, to apply 

to PBGC for financial assistance. A plan 

sponsor can combine the notice of 

insolvency and the notice of insolvency 

benefit level. 

PBGC uses the information it receives 

to make determinations required by 

ERISA, to identify and estimate the cash 

needed for financial assistance to 

terminated plans, and to verify the 

appropriateness of financial assistance 

payments. Plan participants and 

beneficiaries use the information to 

make personal financial decisions. 

PBGC estimates that plan sponsors of 

terminated plans each year will file with 

PBGC 1 notice of benefit reduction, 7 

notices of insolvency, 3 combined 

notices of insolvency and insolvency 

benefit level, and 5 notices of 

insolvency benefit level. PBGC also 

estimates that plan sponsors each year 


lotter on DSK11XQN23PROD with NOTICES1
13022 Federal Register / Vol. 87, No. 45 / Tuesday, March 8, 2022 / Notices 

will file initial requests for financial 

assistance for 10 plans and will submit 

425 non-initial applications for financial 

assistance. The estimated annual burden 

of the collection of information is 241 

hours and $420,400. 

Issued in Washington, DC. 

Hilary Duke, 

Assistant General Counsel for Regulatory 

Affairs, Pension Benefit Guaranty 

Corporation. 

[FR Doc. 2022–04784 Filed 3–7–22; 8:45 am] 

BILLING CODE 7709–02–P 

RAILROAD RETIREMENT BOARD 

Sunshine Act Meetings 

TIME AND DATE: 10:00 a.m., March 23, 

2022. 

PLACE: Members of the public wishing 

to attend the meeting must submit a 

written request at least 24 hours prior to 

the meeting to receive dial-in 

information. All requests must be sent 

to SecretarytotheBoard@rrb.gov. 

STATUS: This meeting will be open to the 

public. 

MATTERS TO BE CONSIDERED: 

(1) Re-Entry Committee Briefing: Reentry updates, Testing updates 

(2) SCOTUS Wisconsin Central Update 

CONTACT PERSON FOR MORE INFORMATION: 

Stephanie Hillyard, Secretary to the 

Board, (312) 751–4920. 

Authority 5 U.S.C. 552b. 

Dated: March 4, 2022. 

Stephanie Hillyard, 

Secretary to the Board. 

[FR Doc. 2022–05007 Filed 3–4–22; 4:15 pm] 

BILLING CODE 7905–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[SEC File No. 270–261, OMB Control No. 

3235–0274] 

Proposed Collection; Comment 

Request 

Upon Written Request, Copies Available 

From: Securities and Exchange 

Commission, Office of FOIA Services, 

100 F Street NE, Washington, DC 

20549–2736 

Extension: 

Rule 17Ad–11 

Notice is hereby given that pursuant 

to the Paperwork Reduction Act of 1995 

(‘‘PRA’’) (44 U.S.C. 3501 et seq.), the 

Securities and Exchange Commission 

(‘‘Commission’’) is soliciting comments 

on the existing collection of information 

provided for in Rule 17Ad–11 (17 CFR 

240.17Ad–11), under the Securities 

Exchange Act of 1934 (15 U.S.C. 78a et 

seq.). The Commission plans to submit 

this existing collection of information to 

the Office of Management and Budget 

(‘‘OMB’’) for extension and approval. 

Rule 17Ad–11 requires every 

registered recordkeeping transfer agent 

to report certain information to issuers 

and its appropriate regulatory agency in 

the event that the aggregate market 

value of an ‘‘aged record difference’’ 

exceeds certain thresholds. A ‘‘record 

difference’’ occurs when the number of 

shares or principal dollar amount of 

securities in an issuer’s records do not 

equal those in the master securityholder 

file as indicated, for instance, on 

certificates presented to the transfer 

agent for purchase, redemption or 

transfer. An ‘‘aged record difference’’ is 

a record difference that has existed for 

more than 30 calendar days. In addition, 

the rule requires every registered 

recordkeeping transfer agent to report 

certain information to issuers and its 

appropriate regulatory agency 

concerning buy-ins of all issues for 

which it acts as recordkeeping transfer 

agent. Further, the rule requires every 

registered recordkeeping transfer agent 

to report to its appropriate regulatory 

agency when it has failed to post 

certificate detail to the master 

securityholder file within five business 

days of the time required by Rule 17Ad– 

10 (17 CFR 240.17Ad–10). Transfer 

agents must also maintain a copy of any 

report required under Rule 17Ad–11 for 

a period of not less than three years 

following the date of the report, the first 

year in an easily accessible place. 

Because the information required by 

Rule 17Ad–11 is already available to 

transfer agents, any collection burden 

for small transfer agents is minimal. 

Based on a review of the number of Rule 

17Ad–11 reports the Commission, the 

Comptroller of the Currency, the Board 

of Governors of the Federal Reserve 

System, and the Federal Deposit 

Insurance Corporation (collectively, the 

‘‘appropriate regulatory agencies’’) 

received since 2015, the Commission 

staff estimates that 8 respondents will 

file a total of approximately 10 reports 

annually. The Commission staff 

estimates that, on average, each report 

can be completed in 30 minutes. 

Therefore, the total annual time burden 

for the entire transfer agent industry is 

approximately 5 hours (0.5 hours × 10 

reports). Assuming an average hourly 

rate of $72 for a compliance staff 

employee at a transfer agent, the average 

total internal cost of compliance for 

each report is $36. The total annual 

internal cost of compliance for the 

estimated 8 respondents is thus 

approximately $360 ($36 per report × 10 

reports). 

The retention period for the 

recordkeeping requirement under Rule 

17Ad–11 is not less than three years 

following the date of a report prepared 

pursuant to the rule. The recordkeeping 

requirement under Rule 17Ad–11 is 

mandatory to assist the Commission and 

other regulatory agencies in monitoring 

transfer agents who are not performing 

their functions promptly and accurately. 

This rule does not involve the collection 

of confidential information. 

Written comments are invited on: (a) 

Whether the proposed collection of 

information is necessary for the proper 

performance of the functions of the 

Commission, including whether the 

information shall have practical utility; 

(b) the accuracy of the Commission’s 

estimates of the burden of the proposed 

collection of information; (c) ways to 

enhance the quality, utility, and clarity 

of the information collected; and (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. 

Consideration will be given to 

comments and suggestions submitted in 

writing by May 9, 2022. 

An agency may not conduct or 

sponsor, and a person is not required to 

respond to, a collection of information 

under the PRA unless it displays a 

currently valid OMB control number. 

Please direct your written comments 

to: David Bottom, Director/Chief 

Information Officer, Securities and 

Exchange Commission, c/o John 

Pezzullo, 100 F Street NE, Washington, 

DC 20549, or send an email to: PRA_

Mailbox@sec.gov. 

Dated: March 2, 2022. 

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2022–04792 Filed 3–7–22; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[SEC File No. 270–136, OMB Control No. 

3235–0157] 

Proposed Collection; Comment 

Request; Extension: Form N–8F 

Upon Written Request, Copies Available 

From: Securities and Exchange 

Commission, Office of FOIA Services, 

100 F Street NE, Washington, DC 

20549–2736 

Notice is hereby given that, pursuant 

to the Paperwork Reduction Act of 1995 

(44 U.S.C. 3501 et seq.), the Securities 


lotter on DSK11XQN23PROD with NOTICES1