52596 Federal Register / Vol. 75, No. 165 / Thursday, August 26, 2010 / Notices 

DEPARTMENT OF THE TREASURY 

Financial Education Core 

Competencies; Comment Request 

AGENCY: Department of the Treasury. 

ACTION: Notice and request for comment. 

SUMMARY: The Department of the 

Treasury, in its capacity as Chairperson 

of the Financial Literacy and Education 

Commission (‘‘Commission’’), invites the 

public to comment on a proposed set of 

financial education core competencies 

(‘‘Core Competencies’’). Comments are 

requested specifically on whether the 

list of Core Competencies referenced in 

the Supplementary Section is complete 

and whether there are portions that 

should be deleted, revised, or expanded. 

DATES: Comments should be received on 

or before September 12, 2010, to be 

considered. 

ADDRESSES: Written comments should 

be sent via e-mail to 

FLECstrategy@do.treas.gov or by mail to 

the Department of the Treasury, Office 

of Financial Education and Financial 

Access, 1500 Pennsylvania Avenue, 

NW., Washington, DC 20220. 

In general, the Department will make 

all comments available in their original 

format, including any business or 

personal information provided such as 

names, addresses, e-mail addresses, or 

telephone numbers, for public 

inspection and photocopying in the 

Department’s library, Room 1428, Main 

Department Building, 1500 

Pennsylvania Avenue, NW., 

Washington, DC 20220, on official 

business days between the hours of 10 

a.m. and 5 p.m. You can make an 

appointment to inspect comments by 

calling (202) 622–0990. All comments 

received, including attachments and 

other supporting materials, are part of 

the public record and subject to public 

disclosure. You should only submit 

information that you wish to make 

publicly available. 

FOR FURTHER INFORMATION CONTACT: For 

additional information, contact Dubis 

Correal by e-mail at ofe@do.treas.gov or 

by telephone at (202) 622–5770 (not a 

toll free number). Additional 

information regarding the Commission 

and the Department of the Treasury’s 

Office of Financial Education and 

Financial Access may be obtained 

through its Web site, http:// 

www.treasury.gov/financialeducation. 

SUPPLEMENTARY INFORMATION: The 

Department of the Treasury, in its 

capacity as Chairperson of the 

Commission, invites the public to 

comment on a proposed set of financial 

education core competencies Core 

Competencies. The request is under 

authority of Title V of the Fair and 

Accurate Credit Transactions Act of 

2003 (Pub. L. 108–159), which directs 

the Commission to review, not less than 

annually, the National Strategy to 

promote basic financial literacy and 

education. As part of the development 

of the new National Strategy, the 

Commission determined that it is 

necessary to develop core competencies 

for consumers and financial education 

providers. The financial education field 

lacks a common understanding of what 

we collectively are trying to achieve, 

and there is no agreement on the 

appropriate basic content for financial 

literacy and education. The 

development of core competencies is a 

fundamental step in establishing a clear 

understanding about what individuals 

should know and the basic concepts 

program providers should cover. 

Furthermore, the Core Competencies are 

particularly important in establishing a 

baseline of knowledge, which is crucial 

for both individuals and providers of 

financial education to address the 

current lack of consistency in various 

financial literacy programs in 

identifying their goals and objectives, 

how program success is measured, and 

what financial information and 

problem-solving skills participants can 

be expected to acquire. 

The Department of the Treasury, in 

conjunction with the Commission’s 

Core Competencies Subcommittee, 

identified five core concept areas: (1) 

Earning, (2) spending, (3) saving, (4) 

borrowing, and (5) protecting against 

risk, as well as specific core 

competencies for each area. The goal of 

the Core Competencies is to define what 

consumers should know and be able to 

do to successfully understand and make 

informed decisions about their personal 

finances. 

This request for comments is one of 

several steps in the validation phase of 

the development of the Core 

Competencies. Ultimately, the goal is to 

put the Core Competencies into a format 

and language that are both easily 

accessible and easily remembered— 

analogous to the ‘‘food pyramid.’’ This 

step will be undertaken once we have 

received public comment. Comments 

are requested specifically on whether 

the list of Core Competencies is 

complete and whether there are portions 

that should be deleted, revised, or 

expanded. 

Core concept Knowledge Action/behavior 

Earning ................................. Gross versus net pay ...................................................... Understand your paycheck. 

Benefits and taxes .......................................................... Learn about potential benefits and taxes. 

Education is important .................................................... Invest in your future. 

Spending .............................. The difference between needs and wants ...................... Develop a spending plan. 

Track spending habits. 

Live within your means. 

Understand the social and environmental impacts of 

your spending decisions. 

Saving .................................. Saved money grows ....................................................... Start saving early. 

Pay yourself first. 

Know about transactional accounts (checking) .............. Understand and establish a relationship with the financial system. 

Know about financial assets (savings accounts, bonds, 

stocks, mutual funds).

Comparison shop. 

Balance risk and return. 

How to meet long-term goals and grow your wealth ...... Save for retirement, child’s education, and other needs. 

Plan for long-term goals. 

Track savings and monitor what you own. 

Borrowing ............................. If you borrow now, you pay back more later. The cost 

of borrowing is based on how risky the lender thinks 

you are (credit score).

Avoid high cost borrowing, plan, understand, and shop 

around. 

Understand how information in your credit score affects 

borrowing. 

Plan and meet your payment obligations. 

Track borrowing habits. 

Analyze renting versus owning a home. 

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Federal Register / Vol. 75, No. 165 / Thursday, August 26, 2010 / Notices 52597 

Core concept Knowledge Action/behavior 

Protect .................................. Act now to protect yourself from potential catastrophe 

later.

Choose appropriate insurance. 

Build up an emergency fund. 

Shop around. 

Identity theft/fraud/scams ................................................ Protect your identity. 

Avoid fraud and scams. 

Review your credit report. 

Dated: August 18, 2010. 

Alistair Fitzpayne, 

Executive Secretary. 

[FR Doc. 2010–21305 Filed 8–25–10; 8:45 am] 

BILLING CODE 4810–25–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Collection; Comment 

Request for Form 8809 

AGENCY: Internal Revenue Service (IRS), 

Treasury. 

ACTION: Notice and request for 

comments. 

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 take this 

opportunity to comment on proposed 

and/or continuing information 

collections, as required by the 

Paperwork Reduction Act of 1995, 

Public Law 104–13 (44 U.S.C. 

3506(c)(2)(A)). Currently, the IRS is 

soliciting comments concerning Form 

8809, Application for Extension of Time 

To File Information Returns. 

DATES: Written comments should be 

received on or before October 25, 2010 

to be assured of consideration. 

ADDRESSES: Direct all written comments 

to Gerald Shields, Internal Revenue 

Service, room 6129, 1111 Constitution 

Avenue, NW., Washington, DC 20224. 

FOR FURTHER INFORMATION CONTACT: 

Requests for additional information or 

copies of the form and instructions 

should be directed to Joel Goldberger at 

Internal Revenue Service, room 6129, 

1111 Constitution Avenue, NW., 

Washington, DC 20224, or at (202) 927– 

9368, or through the Internet at 

Joel.P.Goldberger@irs.gov. 

SUPPLEMENTARY INFORMATION: 

Title: Application for Extension of 

Time To File Information Returns. 

OMB Number: 1545–1081. 

Form Number: Form 8809. 

Abstract: Form 8809 is used to request 

an extension of time to file Forms W– 

2, W–2G, 1042–S, 1098, 1099, 5498, or 

8027. The IRS reviews the information 

contained on the form to determine 

whether an extension should be granted. 

Current Actions: There are no changes 

being made to the form at this time. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Business or other forprofit organizations, individuals, notfor-profit institutions, farms, and 

Federal, State, local or tribal 

governments. 

Estimated Number of Respondents: 

50,000. 

Estimated Time per Respondents: 

Three (3) hours, 15 minutes. 

Estimated Total Annual Burden 

Hours: 162,500. 

The following paragraph applies to all 

of the collections of information covered 

by this notice: 

An agency may not conduct or 

sponsor, and a person is not required to 

respond to, a collection of information 

unless the collection of information 

displays a valid OMB control number. 

Books or records relating to a collection 

of information must be retained as long 

as their contents may become material 

in the administration of any internal 

revenue law. Generally, tax returns and 

tax return information are confidential, 

as required by 26 U.S.C. 6103. 

Request for Comments: Comments 

submitted in response to this notice will 

be summarized and/or included in the 

request for OMB 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 automated collection techniques or 

other forms of information technology; 

and (e) estimates of capital or start-up 

costs and costs of operation, 

maintenance, and purchase of services 

to provide information. 

Approved: August 18, 2010. 

Gerald Shields, 

IRS Supervisory Tax Analyst. 

[FR Doc. 2010–21207 Filed 8–25–10; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

RIN 1545–BJ63 

DEPARTMENT OF LABOR 

Employee Benefits Security 

Administration 

RIN 1210–AB45 

DEPARTMENT OF HEALTH AND 

HUMAN SERVICES 

RIN 0991–AB70 

Availability of Interim Procedures for 

Federal External Review and Model 

Notices Relating to Internal Claims and 

Appeals and External Review Under 

the Patient Protection and Affordable 

Care Act; Notice 

AGENCY: Internal Revenue Service, 

Department of the Treasury; Employee 

Benefits Security Administration, 

Department of Labor; Office of 

Consumer Information and Insurance 

Oversight, Department of Health and 

Human Services. 

ACTION: Notice. 

SUMMARY: This document announces the 

availability of guidance detailing 

interim procedures for the Federal 

external review process and model 

notices both for internal claims and 

appeals and for external review 

processes under the Patient Protection 

and Affordable Care Act. 

FOR FURTHER INFORMATION CONTACT: 

Amy Turner or Beth Baum, Employee 

Benefits Security Administration, 

Department of Labor, at (202) 693–8335; 

Karen Levin, Internal Revenue Service, 

Department of the Treasury, at (202) 

622–6080; Ellen Kuhn, Office of 

Consumer Information and Insurance 

Oversight, Department of Health and 

Human Services, at (301) 492–4100. 

Customer Service Information: 

Individuals interested in obtaining 

mstockstill on DSKH9S0YB1PROD with NOTICES