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[Federal Register Volume 89, Number 248 (Friday, December 27, 2024)]
[Notices]
[Pages 105687-105688]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-30825]

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DEPARTMENT OF THE TREASURY

Agency Information Collection Activities; Submission for OMB 
Review; Comment Request; Reporting, Procedures and Penalties 
Regulations

AGENCY: Departmental Offices, U.S. Department of the Treasury.

ACTION: Notice of information collection; request for comment.

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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 January 27, 2025 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 [email protected], calling 
(202) 927-5331, or viewing the entire information collection request at 
www.reginfo.gov.

SUPPLEMENTARY INFORMATION:

Office of Foreign Assets Control (OFAC)

    Title: Reporting, Procedures and Penalties Regulations and Other 
Information Collections Maintained by the Office of Foreign Assets 
Control.
    OMB Control Number: 1505-0164.
    Type of Review: Revision of a currently approved collection.
    Description: This information collection request is submitted to 
renew and revise the information collection authority in the Office of 
Foreign Assets Control's (OFAC) Reporting, Procedures and Penalties 
Regulations (31 CFR part 501) (``the Regulations''), and certain other 
parts of 31 CFR chapter V.
    The Regulations and other parts of 31 CFR chapter V are implemented 
pursuant to the Trading With the Enemy Act (50 U.S.C. 4301 et seq.), 
the International Emergency Economic Powers Act (50 U.S.C. 1701 et 
seq.), the United Nations Participation Act of 1945 (22 U.S.C. 287c), 
and other laws.

[[Page 105688]]

The collections of information relevant to this request are contained 
in Sec. Sec.  501.601 through 501.605, 501.801, and 501.804 through 
501.807, and certain other parts of 31 CFR chapter V, and pertain to 
the operation of various economic sanctions programs administered by 
OFAC under 31 CFR chapter V.
    In addition, OFAC seeks to consolidate within this information 
collection request five existing information collection requests, which 
are relevant to 31 CFR 501.801, 515.572, 561.504, and 566.504.
    Forms: For filers who have been granted an exception from 
electronic reporting using the OFAC Reporting System (ORS), OFAC allows 
the submission of the following, through the following approved forms: 
the Annual Report of Blocked Property (ARBP), TD-F 90-22.50; Report on 
Blocked Property--Financial, TD-F 93.02; Report on Blocked Property--
Tangible/Real/Other Non-Financial Property, TD-F 93.08; Report on 
Rejected Transaction, TD-F 93.07. OFAC also maintains the following 
forms related to licensing: TSRA License Application, TD-F 93.04; 
Licensing Cover Sheet, TD-F 98-22.61; and Application for the Release 
of Blocked Funds TD-F 90-22.54. In addition, OFAC issued a new form, 
REPO for Ukrainians Act Report Form, TD-F 93.09, to implement a new 
reporting requirement pursuant to the Rebuilding Economic Prosperity 
and Opportunity for Ukrainians Act for financial institutions holding 
Russian sovereign assets, if not previously reported to OFAC. The other 
information collections covered by this notice do not have mandatory or 
voluntary forms.
    Affected Public: Financial institutions, business organizations, 
nonprofit organizations, individuals, households, nongovernmental 
organizations, and legal representatives.
    Estimated Number of Respondents: 10,900.
    Frequency of Response: The estimated annual frequency of responses 
is between 1 and 17,800, varying greatly by entity depending on the 
size, nature, and scope of business activities of each respondent, with 
the majority of filers providing a small number of responses and a 
small number of filers submitting a higher number of responses.
    Estimated Total Number of Annual Responses: 2,502,086.
    Estimated Time per Response: OFAC assesses that there is an average 
time estimate for reports associated with forms ranging from 15 minutes 
to 2 hours and for reports associated with general licenses, Cuba 
remittances, Cuba travel, closure of correspondent or payable-through 
accounts, and other miscellaneous reports ranging from 1 minute to 5 
hours.
    Estimated Total Annual Burden Hours: 86,223.
    Authority: 44 U.S.C. 3501 et seq.

Spencer W. Clark,
Treasury PRA Clearance Officer.
[FR Doc. 2024-30825 Filed 12-26-24; 8:45 am]
BILLING CODE 4810-AK-P
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