18474 Federal Register / Vol. 87, No. 61 / Wednesday, March 30, 2022 / Notices 

1ARPA, Public Law 117–2, sec. 3301, codified at 

12 U.S.C. 5701 et seq. SSBCI was originally 

established in Title III of the Small Business Jobs 

Act of 2010. 

5. Any impact of TRIP on workers’ 

compensation insurers in particular. 

This request for comment will 

provide stakeholders the opportunity to 

provide qualitative feedback and 

analysis that may not be otherwise 

observable through the results of the 

TRIP Data Calls. Information and views 

of stakeholders on the factors listed 

above will assist Treasury in the 

formulation of the Effectiveness Report 

and provide meaningful opportunity for 

stakeholder engagement. In addition, 

and more generally, such public input 

may assist the Secretary in the 

administration of TRIP. 

In addition to seeking comments on 

the above factors outlined in Section 

104(h)(2) of TRIA, Treasury understands 

that other issues and factors in the 

insurance market relating to terrorism 

risk insurance, in addition to those 

factors specified in TRIA, could have an 

impact on the effectiveness of the 

Program. Treasury accordingly also 

seeks comments on the following topics: 

General Questions 

1. Whether any lines of insurance or 

coverages within certain lines of 

insurance currently subject to the 

Program no longer require the support 

of TRIP to ensure the availability and 

affordability of terrorism risk insurance; 

2. Whether any lines of insurance or 

coverages within certain lines of 

insurance currently not subject to the 

Program should be included within 

TRIP to promote the availability and 

affordability of terrorism risk insurance; 

3. Whether, and in what fashion, 

insurance market changes associated 

with the impact of the COVID–19 

pandemic have also affected the market 

for terrorism risk insurance; 

4. The availability of terrorism risk 

insurance coverage for losses arising 

from nuclear, biological, chemical, or 

radiological (NBCR) exposures, and the 

availability of reinsurance or capital 

markets support for such terrorism risk 

insurance; 

Cyber-Related Questions 

5. The current state of the cyber 

insurance market, including the scope 

of coverage available, the availability 

and affordability of such coverage, and 

the effect of ransomware-related losses 

on the market; 

6. Terrorism risk insurance issues 

presented by cyber-related losses, and 

the impact of TRIP in connection with 

such exposures, including views on 

cyber-related terrorism losses that are 

included within TRIP and those losses 

outside of TRIP; 

7. Any potential changes to TRIA or 

TRIP that would encourage the take up 

of insurance for cyber-related losses 

arising from acts of terrorism as defined 

under TRIA, including but not limited 

to the modification of the lines of 

insurance covered by TRIP and 

revisions to the current sharing 

mechanisms for cyber-related losses; 

8. The availability of reinsurance or 

capital markets support for cyber-related 

losses arising from acts of terrorism as 

defined under TRIA; 

Other Questions 

9. The manner in which captive 

insurers access TRIP, including the 

extent to which coverage is provided on 

a standalone versus embedded basis, or 

for NBCR risks only, and the reasons 

behind such choices; 

10. The current status of terrorism risk 

modeling capabilities, and the use of 

those techniques in the placement of 

terrorism risk insurance; 

11. Given the increasing availability 

of more granular information than state 

or metropolitan level information (such 

as ZIP code level or geocoded 

information), please provide views on 

how FIO could leverage such 

information to further augment its 

analysis of the terrorism risk insurance 

market and TRIP, particularly since the 

immediate physical impact of 

individual terrorism-related events may 

be localized; and 

12. Any other issues relating to TRIP, 

terrorism risk insurance, or reinsurance 

that may be relevant to FIO’s assessment 

of the effectiveness of TRIP in the 

report. 

Steven E. Seitz, 

Director, Federal Insurance Office. 

[FR Doc. 2022–06681 Filed 3–29–22; 8:45 am] 

BILLING CODE 4810–AK–P 

DEPARTMENT OF THE TREASURY 

Agency Information Collection 

Activities; Proposed Collection; 

Comment Request; State Small 

Business Credit Initiative 

AGENCY: Departmental Offices, 

Department of the Treasury. 

ACTION: Notice. 

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 comment on 

the proposed information collections 

listed below, in accordance with the 

Paperwork Reduction Act of 1995. 

DATES: Written comments must be 

received on or before May 31, 2022. 

ADDRESSES: Send comments regarding 

the burden estimate, or any other aspect 

of the information collection, including 

suggestions for reducing the burden, by 

the following method: 

• Federal E-rulemaking Portal: http:// 

www.regulations.gov. Follow the 

instructions for submitting comments. 

Refer to Docket Number TREAS–DO– 

2022–0009 and the specific Office of 

Management and Budget (OMB) control 

number 1505–0227. 

FOR FURTHER INFORMATION CONTACT: 

Jeffrey Stout, State Small Business 

Credit Initiative (SSBCI), at (866) 220– 

9050 or ssbci_information@treasury.gov. 

Further information may be obtained 

from the SSBCI website, https://

home.treasury.gov/policy-issues/smallbusiness-programs/state-small-businesscredit-initiative-ssbci, or by contacting 

ssbci_information@treasury.gov. 

SUPPLEMENTARY INFORMATION: 

Title: State Small Business Credit 

Initiative Information Collection 

Activities. 

OMB Control Number: 1505–0227. 

Type of Review: Revision of currently 

approved information collection 

activities. 

Description: This information 

collection captures information related 

to the State Small Business Credit 

Initiative (SSBCI). The American Rescue 

Plan Act of 2021 (ARPA) reauthorized 

and amended the Small Business Jobs 

Act of 2010 (SBJA) to provide $10 

billion to fund the SSBCI as a response 

to the economic effects of the COVID– 

19 pandemic.1 SSBCI is a federal 

program administered by the U.S. 

Department of the Treasury (Treasury) 

that was created to strengthen the 

programs of eligible jurisdictions (i.e., 

states, the District of Columbia, 

territories, Tribal governments) that 

support private financing for small 

businesses. 

• Capital Program Application. In 

order to determine the eligibility of 

jurisdictions to receive SSBCI funds for 

capital programs, Treasury must collect 

the following types of information in an 

application: Points of contact for the 

eligible jurisdiction and those 

administering the program; how the 

eligible jurisdiction plans to use the 

funds to provide access to capital for 

businesses in underserved communities; 

details on the eligible jurisdiction’s 

proposed capital programs; how the 

proposed capital programs comply with 

the SSBCI statute, regulations, and 

guidance; and the eligible jurisdiction’s 

compliance and oversight capabilities. 

Treasury will collect application 


khammond on DSKJM1Z7X2PROD with NOTICES
Federal Register / Vol. 87, No. 61 / Wednesday, March 30, 2022 / Notices 18475 

information from eligible jurisdictions 

through an online portal. 

• Capital Program Reports. Treasury 

must collect SSBCI information in 

annual and quarterly reports to 

implement the SSBCI, determine the 

participating jurisdiction’s compliance 

with the SSBCI statute, regulations, and 

guidance, and evaluate program 

outcomes. The quarterly report must 

include basic information about the 

participating jurisdiction’s SSBCIsupported programs (e.g., program name 

and type) and program-level 

information on the use of the 

participating jurisdiction’s SSBCI funds 

(e.g., total allocated funds expended, 

obligated, or transferred). The annual 

report must include information about 

the participating jurisdiction’s SSBCIsupported program providers (e.g., 

provider name and type), the specific 

terms of its SSBCI-supported loans and 

investments (e.g., loan type, equity 

security type), demographics-related 

data of the businesses that participate in 

SSBCI (e.g., gender and veteran status of 

the business’s principal owners), and 

the performance of its SSBCI-supported 

loans and investments (e.g., SSBCI 

funds lost due to loan default or loss of 

investment). Treasury will collect 

annual and quarterly reports from 

eligible jurisdictions through an online 

portal. 

• Technical Assistance (TA) Grant 

Program Application. In order to 

determine the eligibility of jurisdictions 

to receive SSBCI funds to carry out TA 

plans, Treasury must collect the 

following types of information in an 

application: Points of contact for the 

eligible jurisdiction and those 

administering the program; how the 

eligible jurisdiction plans to use the 

funds to provide legal, accounting, and 

financial advisory services to very small 

businesses and business enterprises 

owned and controlled by socially and 

economically disadvantaged individuals 

(SEDI-owned businesses); details on the 

eligible jurisdiction’s proposed TA 

projects and the associated budgets; 

how the proposed TA plan complies 

with the SSBCI statute, regulations, and 

guidance; and the eligible jurisdiction’s 

compliance and oversight capabilities. 

Treasury will collect application 

information from eligible jurisdictions 

through an online portal. 

• TA Grant Program Reports. 

Treasury must collect financial and 

performance reports consistent with 2 

CFR 200.328–329 in order for Treasury 

to determine compliance with the 

SSBCI statute, regulations, and guidance 

and to evaluate program outcomes. The 

financial and performance reports must 

include information about the 

participating jurisdiction’s progress in 

implementing its TA plan and details on 

its use of TA funds. 

Form: Capital Program Application 

and Quarterly and Annual Report forms. 

Affected Public: States, the District of 

Columbia, territories, and Tribal 

governments. 

Estimated Number of Respondents: 

3,000. 

Frequency of Response: Annually, 

Quarterly. 

Estimated Total Number of Annual 

Responses: 177,500. 

Estimated Time per Response: 9 

minutes up to 5 hours. 

Estimated Total Annual Burden 

Hours: 48,350 hours. 

Request for Comments: Comments 

submitted in response to this notice will 

be summarized and included in the 

request for Office of Management and 

Budget 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 technology; and (e) estimates of 

capital or start-up costs and costs of 

operation, maintenance, and purchase 

of services required to provide 

information. 

Authority: 44 U.S.C. 3501 et seq. 

Jacob Leibenluft, 

Chief Recovery Officer. 

[FR Doc. 2022–06701 Filed 3–29–22; 8:45 am] 

BILLING CODE 4810–AK–P 

DEPARTMENT OF THE TREASURY 

Agency Information Collection 

Activities; Submission for OMB 

Review; Comment Request; Reports of 

Transactions With Foreign Financial 

Agencies 

AGENCY: Departmental Offices, U.S. 

Department of the Treasury. 

ACTION: Notice. 

SUMMARY: The Department of the 

Treasury will submit the following 

information collection requests to the 

Office of Management and Budget 

(OMB) for review and clearance in 

accordance with the Paperwork 

Reduction Act of 1995, on or after the 

date of publication of this notice. The 

public is invited to submit comments on 

these requests. 

DATES: Comments should be received on 

or before April 29, 2022 to be assured 

of consideration. 

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. 

FOR FURTHER INFORMATION CONTACT: 

Copies of the submissions may be 

obtained from Spencer W. Clark by 

emailing PRA@treasury.gov, calling 

(202) 927–5331, or viewing the entire 

information collection request at 

www.reginfo.gov. 

SUPPLEMENTARY INFORMATION: 

Title: Reports of transactions with 

foreign financial agencies (31 CFR 

1010.360). 

OMB Control Number: 1506–0055. 

Type of Review: Renewal without 

change of a currently approved 

information collection. 

Description: The legislative 

framework generally referred to as the 

Bank Secrecy Act (BSA) consists of the 

Currency and Financial Transactions 

Reporting Act of 1970, as amended by 

the Uniting and Strengthening America 

by Providing Appropriate Tools 

Required to Intercept and Obstruct 

Terrorism Act of 2001 (USA PATRIOT 

Act), Public Law 107–56 (October 26, 

2001), and other legislation, including 

most recently the Anti-Money 

Laundering Act of 2020 (AML Act).[1] 

The BSA is codified at 12 U.S.C. 1829b, 

12 U.S.C. 1951–1960, 31 U.S.C. 5311– 

5314 and 5316–5336, and includes 

notes thereto, with implementing 

regulations at 31 CFR Chapter X. 

The BSA authorizes the Secretary of 

the Treasury, inter alia, to require 

financial institutions to keep records 

and file reports that are determined to 

have a high degree of usefulness in 

criminal, tax, and regulatory matters, or 

in the conduct of intelligence or 

counter-intelligence activities to protect 

against international terrorism, and to 

implement AML programs and 

compliance procedures. Regulations 

implementing the BSA appear at 31 CFR 

Chapter X. The authority of the 

Secretary to administer the BSA has 

been delegated to the Director of 

FinCEN. 

The Secretary is authorized to require 

any ‘‘resident or citizen of the United 

States or a person in, and doing 


khammond on DSKJM1Z7X2PROD with NOTICES