Notice2023-28356
Agency Information Collection Activities; Submission for OMB Review; Comment Request; Process for Expedited Approval of an Exemption for Prohibited Transaction, Prohibited Transaction Class Exemption 1996-62
Primary source
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Published
December 26, 2023
Issuing agencies
Labor Department
Abstract
The Department of Labor (DOL) is submitting this Employee Benefits Security Administration (EBSA)-sponsored information collection request (ICR) to the Office of Management and Budget (OMB) for review and approval in accordance with the Paperwork Reduction Act of 1995 (PRA). Public comments on the ICR are invited.
Full Text
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<title>Federal Register, Volume 88 Issue 246 (Tuesday, December 26, 2023)</title>
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[Federal Register Volume 88, Number 246 (Tuesday, December 26, 2023)]
[Notices]
[Page 88970]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-28356]
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DEPARTMENT OF LABOR
Agency Information Collection Activities; Submission for OMB
Review; Comment Request; Process for Expedited Approval of an Exemption
for Prohibited Transaction, Prohibited Transaction Class Exemption
1996-62
ACTION: Notice of availability.
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SUMMARY: The Department of Labor (DOL) is submitting this Employee
Benefits Security Administration (EBSA)-sponsored information
collection request (ICR) to the Office of Management and Budget (OMB)
for review and approval in accordance with the Paperwork Reduction Act
of 1995 (PRA). Public comments on the ICR are invited.
DATES: The OMB will consider all written comments that the agency
receives on or before January 25, 2024.
ADDRESSES: Written comments and recommendations for the proposed
information collection should be sent within 30 days of publication of
this notice to <a href="http://www.reginfo.gov/public/do/PRAMain">www.reginfo.gov/public/do/PRAMain</a>. Find this particular
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function.
Comments are invited on: (1) whether the collection of information
is necessary for the proper performance of the functions of the
Department, including whether the information will have practical
utility; (2) the accuracy of the agency's estimates of the burden and
cost of the collection of information, including the validity of the
methodology and assumptions used; (3) ways to enhance the quality,
utility and clarity of the information collection; and (4) ways to
minimize the burden of the collection of information on those who are
to respond, including the use of automated collection techniques or
other forms of information technology.
FOR FURTHER INFORMATION CONTACT: Michael Howell by telephone at 202-
693-6782, or by email at <a href="/cdn-cgi/l/email-protection#5f1b1013000f0d1e000f0a1d13161c1f3b303371383029"><span class="__cf_email__" data-cfemail="581c171407080a1907080d1a14111b183c3734763f372e">[email protected]</span></a>.
SUPPLEMENTARY INFORMATION: This class exemption permits a plan to seek
approval on an accelerated basis of otherwise prohibited transactions
by providing the Department and interested persons with information
demonstrating the transaction is substantially similar to at least two
individual exemptions previously granted and presents little, if any,
opportunity for abuse or risk of loss to a plans' participants and
beneficiaries. For additional substantive information about this ICR,
see the related notice published in the Federal Register on August 25,
2023 (88 FR 58312).
This information collection is subject to the PRA. A Federal agency
generally cannot conduct or sponsor a collection of information, and
the public is generally not required to respond to an information
collection, unless the OMB approves it and displays a currently valid
OMB Control Number. In addition, notwithstanding any other provisions
of law, no person shall generally be subject to penalty for failing to
comply with a collection of information that does not display a valid
OMB Control Number. See 5 CFR 1320.5(a) and 1320.6.
Agency: DOL-EBSA.
Title of Collection: Process for Expedited Approval of an Exemption
for Prohibited Transaction, Prohibited Transaction Class Exemption
1996-62.
OMB Control Number: 1210-0098.
Affected Public: Businesses or other for-profits.
Total Estimated Number of Respondents: 3.
Total Estimated Number of Responses: 711.
Total Estimated Annual Time Burden: 55 hours.
Total Estimated Annual Other Costs Burden: $ 29.
(Authority: 44 U.S.C. 3507(a)(1)(D))
Michael Howell,
Senior Paperwork Reduction Act Analyst.
[FR Doc. 2023-28356 Filed 12-22-23; 8:45 am]
BILLING CODE 4510-29-P
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