Notice2025-07085
Agency Information Collection Activities; Proposed Collection; Comment Request; Determinations Regarding Certain Nonbank Financial Companies
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
April 24, 2025
Issuing agencies
Treasury Department
Abstract
The U.S. 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.
Full Text
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<title>Federal Register, Volume 90 Issue 78 (Thursday, April 24, 2025)</title>
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[Federal Register Volume 90, Number 78 (Thursday, April 24, 2025)]
[Notices]
[Page 17297]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-07085]
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DEPARTMENT OF THE TREASURY
[TREAS-DO-2025-0002]
Agency Information Collection Activities; Proposed Collection;
Comment Request; Determinations Regarding Certain Nonbank Financial
Companies
AGENCY: Departmental Offices, U.S. Department of the Treasury.
ACTION: Notice.
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SUMMARY: The U.S. 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 June 23, 2025.
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:
<bullet> Federal E-rulemaking Portal: <a href="http://www.regulations.gov">http://www.regulations.gov</a>.
Follow the instructions for submitting comments. Refer to Docket Number
TREAS-DO-2025-0002 and the specific Office of Management and Budget
(OMB) control number 1505-0244.
FOR FURTHER INFORMATION CONTACT: For questions related to these
programs, please contact Dennis Lee by emailing
<a href="/cdn-cgi/l/email-protection#95f1f0fbfbfce6bbf9f0f0d5e1e7f0f4e6e0e7ecbbf2fae3"><span class="__cf_email__" data-cfemail="4c28292222253f622029290c383e292d3f393e35622b233a">[email protected]</span></a>, or calling (202) 622-7785. Additionally, you
can view the information collection requests at <a href="http://www.reginfo.gov">www.reginfo.gov</a>.
SUPPLEMENTARY INFORMATION:
Title: Determinations Regarding Certain Nonbank Financial
Companies.
OMB Control Number: 1505-0244.
Type of Review: Extension without change of a currently approved
collection.
Description: Section 113 of the Dodd-Frank Wall Street Reform and
Consumer Protection Act (the ``DFA'') (Pub. L. 111-203) provides the
Financial Stability Oversight Council (the ``Council'') the authority
to require that a nonbank financial company be supervised by the Board
of Governors of the Federal Reserve System and be subject to prudential
standards in accordance with Title I of the DFA if the Council
determines that material financial distress at the firm, or the nature,
scope, size, scale, concentration, interconnectedness, or mix of the
activities of the firm, could pose a threat to the financial stability
of the United States. The information collected in 12 CFR 1310.20 from
state and federal regulatory agencies and from nonbank financial
companies will be used generally by the Council to carry out its duties
under Title I of the Dodd-Frank Act. The collections of information in
12 CFR 1310.21, 1310.22, and 1310.23 provide an opportunity for a
nonbank financial company to request a hearing or submit written
materials to the Council concerning whether, in the company's view,
material financial distress at the company, or the nature, scope, size,
scale, concentration, interconnectedness, or mix of the activities of
the company, could pose a threat to the financial stability of the
United States.
Form: None.
Affected Public: Businesses or other for-profits.
Estimated Number of Respondents: 1.
Frequency of Response: On occasion.
Estimated Total Number of Annual Responses: 1.
Estimated Time per Response: 20 hours.
Estimated Total Annual Burden Hours: 20.
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.
Dennis Lee,
Deputy Director of Operations, FSOC.
[FR Doc. 2025-07085 Filed 4-23-25; 8:45 am]
BILLING CODE 4810-AK-P
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</html>Indexed from Federal Register on April 24, 2025.
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