8928 Federal Register / Vol. 90, No. 22 / Tuesday, February 4, 2025 / Notices 

2 77 FR 21278 (Apr. 9, 2012). 3 17 CFR 145.9. 

or MSPs.2 These provisions require 

these clearing members to have 

procedures to limit the financial risks 

they incur as a result of clearing trades 

and liquid resources to meet obligations. 

The regulations require clearing 

members, who are FCMs, SDs, or MSPs 

to: (1) establish risk-based limits based 

on position size, order size, margin 

requirements, or similar factors, and for 

FCMs, risk-based limits must be 

established for the proprietary account 

and in each customer account; (2) 

screen orders for compliance with the 

risk-based limits; (3) monitor for 

adherence to the risk-based limits intraday and overnight; (4) conduct stress 

tests under extreme but plausible 

conditions of all positions at least once 

per week, and for FCMs, the stress tests 

must be conducted for all positions in 

the proprietary account and in each 

customer account that could pose 

material risk to the FCM; (5) evaluate its 

ability to meet initial margin 

requirements at least once per week; (6) 

evaluate its ability to meet variation 

margin requirements in cash at least 

once per week; (7) evaluate its ability to 

liquidate the positions it clears, in an 

orderly manner, and estimate the cost of 

the liquidation, and for FCMs, the 

evaluation must be done at least once 

per quarter and conducted for all 

positions in the proprietary and 

customer accounts; and (8) test all lines 

of credit at least once per year. 

Each of these items has been observed 

by Commission staff as an element of an 

existing sound risk management 

program at an FCM, SD, or MSP. The 

Commission regulations require each 

FCM, SD, or MSP clearing member to 

establish written procedures to comply 

with these regulations and to keep 

records documenting its compliance. 

The information collection obligations 

imposed by the regulations are 

necessary to implement certain 

provisions of the CEA, including 

ensuring that registrants exercise 

effective risk management and for the 

efficient operation of trading venues 

among FCMs, SDs, and MSPs that are 

clearing members, in order to maintain 

financial stability at derivatives clearing 

organizations (‘‘DCOs’’). 

With respect to the collection of 

information, the CFTC invites 

comments on: 

• Whether the proposed collection of 

information is necessary for the proper 

performance of the functions of the 

Commission, including whether the 

information will have a practical use; 

• The accuracy of the Commission’s 

estimate of the burden of the proposed 

collection of information, including the 

validity of the methodology and 

assumptions used; 

• Ways to enhance the quality, 

usefulness, and clarity of the 

information to be collected; and 

• Ways to minimize the burden of 

collection 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. 

All comments must be submitted in 

English, or if not, accompanied by an 

English translation. Comments will be 

posted as received to https://

www.cftc.gov. You should submit only 

information that you wish to make 

available publicly. If you wish for the 

Commission to consider information 

that you believe is exempt from 

disclosure under the Freedom of 

Information Act (‘‘FOIA’’), a petition for 

confidential treatment of the exempt 

information may be submitted according 

to the procedures established in § 145.9 

of the Commission Regulations.3

The Commission reserves the right, 

but shall have no obligation, to review, 

pre-screen, filter, redact, refuse or 

remove any or all of your submission 

from https://www.cftc.gov that it may 

deem to be inappropriate for 

publication, such as obscene language. 

All submissions that have been redacted 

or removed that contain comments on 

the merits of the Information Collection 

Request will be retained in the public 

comment file and will be considered as 

required under the Administrative 

Procedure Act and other applicable 

laws, and may be accessible under 

FOIA. 

Burden Statement: The Commission 

is revising its estimate of the burden for 

this collection of information for 

clearing members of DCOs who are 

FCMs, SDs, and MSPs. The respondent 

burden for this collection is estimated to 

be as follows: 

Estimated Number of Respondents: 

168 (62 Clearing Member FCMs and 106 

Clearing Member SDs). 

Estimated Average Burden Hours per 

Respondent: 504 hours. 

Estimated Total Annual Burden 

Hours: 84,672 hours. 

Frequency of Collection: As needed. 

There are no capital costs or operating 

and maintenance costs associated with 

this collection. 

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

Dated: January 30, 2025. 

Robert Sidman, 

Deputy Secretary of the Commission. 

[FR Doc. 2025–02201 Filed 2–3–25; 8:45 am] 

BILLING CODE 6351–01–P 

DEPARTMENT OF EDUCATION 

Withdrawal of Notice Inviting 

Applications and Cancellation of the 

Competition for the Expanding 

Opportunity Through Quality Charter 

Schools Program (CSP)—Grants to 

State Entities 

AGENCY: Office of Elementary and 

Secondary Education, Department of 

Education. 

ACTION: Notice; withdrawal. 

SUMMARY: The Department of Education 

(Department) withdraws the notice 

inviting applications (NIA) for fiscal 

year (FY) 2025 for CSP Grants to State 

Entities. 

DATES: The NIA published in the 

Federal Register on January 21, 2025 

(90 FR 7104), is withdrawn and the 

competition cancelled as of February 4, 

2025. 

FOR FURTHER INFORMATION CONTACT: 

Sareeta Schmitt, U.S. Department of 

Education, 400 Maryland Avenue SW, 

Washington, DC 20202–5970. 

Telephone: (202) 205–0730. Email: SE_

Competition@ed.gov. 

If you are deaf, hard of hearing, or 

have a speech disability and wish to 

access telecommunications relay 

services, please dial 7–1–1. 

SUPPLEMENTARY INFORMATION: On 

January 21, 2025, the Department 

published NIAs for two programs in the 

CSP in the Federal Register, one of 

which is for the FY 2025 CSP Grants to 

State Entities (SE grants), Assistance 

Listing Number (ALN) 84.282A. The 

Department is withdrawing this NIA as 

part of a comprehensive review of 

recently published FY 2025 CSP NIAs. 

This reevaluation aims to ensure that all 

priorities and requirements for the FY 

2025 CSP competitions align with the 

program priorities set by the Trump 

Administration, comply with Executive 

orders issued since January 20, 2025, 

and promote consistency across all CSP 

grant programs. The Department has 

also determined that aligning all CSP 

grant competitions will ensure greater 

impact on students and families. 

Additionally, alignment of CSP 

priorities will increase the economic 

impact of the Federal education funds 

awarded for the CSP. 

The Department intends to announce 

a new NIA for SE grants, ALN 84.282A 


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Federal Register / Vol. 90, No. 22 / Tuesday, February 4, 2025 / Notices 8929 

in FY 2025. This NIA will unleash 

innovation, minimize excessive and 

unnecessary oversight, and lessen the 

reporting burden for both applicants 

and grant recipients. By adopting this 

streamlined approach, the Department 

is committed to maximizing the impact 

of its funding efforts while creating a 

more efficient application process. 

The Department does not expect that 

withdrawing this NIA will significantly 

impact our ability to make grant awards 

for FY 2025 under this competition 

because the Administration anticipates 

issuing a new NIA in the near future. 

Intergovernmental Review: This 

program is subject to Executive Order 

12372 and the regulations in 34 CFR 

part 79. 

Accessible Format: On request to the 

program contact person listed under FOR

FURTHER INFORMATION CONTACT, 

individuals with disabilities can obtain 

this notice and the NIA in an accessible 

format. The Department will provide the 

requestor with an accessible format that 

may include Rich Text Format (RTF) or 

text format (txt), a thumb drive, an MP3 

file, braille, large print, audiotape, 

compact disc, or other accessible format. 

Electronic Access to This Document: 

The official version of this document is 

the document published in the Federal 

Register. You may access the official 

edition of the Federal Register and the 

Code of Federal Regulations at 

www.govinfo.gov. At this site, you can 

view this document, as well as all other 

Department documents published in the 

Federal Register, in text or Portable 

Document Format (PDF). To use PDF, 

you must have Adobe Acrobat Reader, 

which is available free at the site. 

You may also access Department 

documents published in the Federal 

Register by using the article search 

feature at www.federalregister.gov. 

Specifically, through the advanced 

search feature at this site, you can limit 

your search to documents published by 

the Department. 

Denise Carter, 

Acting Secretary of Education. 

[FR Doc. 2025–02139 Filed 2–3–25; 8:45 am] 

BILLING CODE 4000–01–P 

DEPARTMENT OF EDUCATION 

[Docket No.: ED–2025–SCC–0011] 

Agency Information Collection 

Activities; Comment Request; 2026– 

2027 Free Application for Federal 

Student Aid (FAFSA®) 

AGENCY: Federal Student Aid (FSA), 

Department of Education (ED). 

ACTION: Notice. 

SUMMARY: In accordance with the 

Paperwork Reduction Act of 1995, ED is 

proposing a revision of the existing 

information collection. 

DATES: Interested persons are invited to 

submit comments on or before April 7, 

2025. 

ADDRESSES: To access and review all the 

documents related to the information 

collection listed in this notice, please 

use http://www.regulations.gov by 

searching the Docket ID number ED– 

2025–SCC–0011. Comments submitted 

in response to this notice should be 

submitted electronically through the 

Federal eRulemaking Portal at http://

www.regulations.gov by selecting the 

Docket ID number or via postal mail, 

commercial delivery, or hand delivery. 

If the regulations.gov site is not 

available to the public for any reason, 

the Department will temporarily accept 

comments at ICDocketMgr@ed.gov. 

Please include the docket ID number 

and the title of the information 

collection request when requesting 

documents or submitting comments. 

Please note that comments submitted 

after the comment period will not be 

accepted. Written requests for 

information or comments submitted by 

postal mail or delivery should be 

addressed to the Manager of the 

Strategic Collections and Clearance 

Governance and Strategy Division, U.S. 

Department of Education, 400 Maryland 

Ave. SW, LBJ, Room 4C210, 

Washington, DC 20202–1200. 

FOR FURTHER INFORMATION CONTACT: For 

specific questions related to collection 

activities, please contact the FAFSA 

Product Team at fsa_fafsa_team@ed.gov 

or Beth Grebeldinger, (202) 570–8414. 

SUPPLEMENTARY INFORMATION: The 

Department, in accordance with the 

Paperwork Reduction Act of 1995 (PRA) 

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

general public and Federal agencies 

with an opportunity to comment on 

proposed, revised, and continuing 

collections of information. This helps 

the Department assess the impact of its 

information collection requirements and 

minimize the public’s reporting burden. 

It also helps the public understand the 

Department’s information collection 

requirements and provide the requested 

data in the desired format. The 

Department is soliciting comments on 

the proposed information collection 

request (ICR) that is described below. 

The Department is especially interested 

in public comment addressing the 

following issues: (1) is this collection 

necessary to the proper functions of the 

Department; (2) will this information be 

processed and used in a timely manner; 

(3) is the estimate of burden accurate; 

(4) how might the Department enhance 

the quality, utility, and clarity of the 

information to be collected; and (5) how 

might the Department minimize the 

burden of this collection on the 

respondents, including through the use 

of information technology. Please note 

that written comments received in 

response to this notice will be 

considered public records. 

Title of Collection: 2026–2027 Free 

Application for Federal Student Aid. 

OMB Control Number: 1845–0001. 

Type of Review: Revision of a 

currently approved ICR. 

Respondents/Affected Public: 

Individuals or Households. 

Total Estimated Number of Annual 

Responses: 31,791,647. 

Total Estimated Number of Annual 

Burden Hours: 20,412,753. 

Abstract: Section 483, of the Higher 

Education Act of 1965, as amended 

(HEA), mandates that the Secretary of 

Education ‘‘. . . shall produce, 

distribute, and process free of charge 

common financial reporting forms as 

described in this subsection to be used 

for application and reapplication to 

determine the need and eligibility of a 

student for financial assistance. . .’’. 

The determination of need and 

eligibility are for the following Title IV, 

HEA, federal student financial 

assistance programs: the Federal Pell 

Grant Program; the Campus-Based 

programs (Federal Supplemental 

Educational Opportunity Grant (FSEOG) 

and Federal Work-Study (FWS)); the 

William D. Ford Federal Direct Loan 

(Direct Loan) Program; the Teacher 

Education Assistance for College and 

Higher Education (TEACH) Grant; the 

Children of Fallen Heroes Scholarship; 

and the Iraq and Afghanistan Service 

Grant. 

Federal Student Aid (FSA), an office 

of the U.S. Department of Education, 

subsequently developed an application 

process to collect and process the data 

necessary to determine a student’s 

eligibility to receive Title IV, HEA 

program assistance. The application 

process involves an applicant’s 

submission of the Free Application for 

Federal Student Aid (FAFSA®). After 

submission and processing of the 

FAFSA form, an applicant receives a 

FAFSA Submission Summary, which is 

a summary of the processed data they 

submitted on the FAFSA form. The 

applicant reviews the FAFSA 

Submission Summary, and, if necessary, 

will make corrections or updates to their 

submitted FAFSA data. Institutions of 

higher education listed by the applicant 

on the FAFSA form also receive a 

summary of processed data submitted 

on the FAFSA form which is called the 


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