Proposed Collection; Comment Request for Electronic License Application Form
Notice published October 8, 2015 · 80 FR 60956
- Document number
- FR Doc. 2015-25662
- Type
- Notice
- Published
- October 8, 2015
- Citation
- 80 FR 60956 (pages 60,956–60,957)
- Action
- Notice and request for comments.
- Dates
- Written comments must be submitted on or before December 7, 2015 to be assured of consideration.
- Official sources
- PDF (govinfo.gov) · federalregister.gov
Summary
The Federal Register's summaryThe 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 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 Office of Foreign Assets Control (OFAC) within the Department of the Treasury is soliciting comments concerning OFAC's Electronic License Application Form TD-F 90-22.54, which is referred to throughout this Notice as the "OFAC Application for the Release of Blocked Funds."
Text
As the Government Publishing Office publishes it. Pages OFAC printed as images (in recent notices, the lists of names) are in the official PDF.
[Federal Register Volume 80, Number 195 (Thursday, October 8, 2015)]
[Notices]
[Pages 60956-60957]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-25662]
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DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
Proposed Collection; Comment Request for Electronic License
Application Form
AGENCY: Office of Foreign Assets Control, Treasury.
ACTION: Notice and request for comments.
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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 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 Office of Foreign Assets Control (OFAC) within the
Department of the Treasury is soliciting comments concerning OFAC's
Electronic License Application Form TD-F 90-22.54, which is referred to
throughout this Notice as the ``OFAC Application for the Release of
Blocked Funds.''
DATES: Written comments must be submitted on or before December 7, 2015
to be assured of consideration.
ADDRESSES: You may submit comments by any of the following methods:
Federal eRulemaking Portal: www.regulations.gov. Follow the
instructions on the Web site for submitting comments.
Fax: Attn: Request for Comments (OFAC Application for the Release
of Blocked Funds) 202-622-1657.
Mail: Attn: Request for Comments (OFAC Application for the Release
of Blocked Funds), Office of Foreign Assets Control, Department of the
Treasury, 1500 Pennsylvania Avenue NW., Washington, DC 20220.
Instructions: All submissions received must include the agency name
and the Federal Register Doc. number that appears at the end of this
document. Comments received will be made
[[Page 60957]]
available to the public via regulations.gov or upon request, without
change and including any personal information provided.
FOR FURTHER INFORMATION CONTACT: The Department of the Treasury's
Office of Foreign Assets Control: Assistant Director for Licensing,
tel.: 202-622-2480, Assistant Director for Regulatory Affairs, tel.:
202-622-4855, Assistant Director for Sanctions Compliance & Evaluation,
tel.: 202-622-2490; or the Department of the Treasury's Office of the
Chief Counsel (Foreign Assets Control), Office of the General Counsel,
tel.: 202-622-2410.
SUPPLEMENTARY INFORMATION:
Title: OFAC Application for the Release of Blocked Funds.
OMB Number: 1505-0170.
Abstract: Transactions prohibited pursuant to the Trading With the
Enemy Act, 50 U.S.C. App. 1-44, the International Emergency Economic
Powers Act, 50 U.S.C. 1701 et seq., and other authorities may be
authorized by means of specific licenses issued by OFAC. Such licenses
are issued in response to applications submitted by persons whose
property and interests in property have been blocked or who wish to
engage in transactions that would otherwise be prohibited. The OFAC
Application for the Release of Blocked Funds, which provides a
standardized method of application for all applicants seeking the
unblocking of funds, is available in electronic format on OFAC's Web
site. Use of the form greatly facilitates and speeds applicants'
submissions and OFAC's processing of such applications. By obviating
the need for applicants to write lengthy letters to OFAC, this form
reduces the overall burden of the application process. Since February
2000, use of the OFAC Application for the Release of Blocked Funds to
apply for the unblocking of funds has been mandatory pursuant to a
revision in OFAC's regulations at 31 CFR 501.801. See 65 FR 10707
(February 29, 2000).
Current Actions: There are no changes being made to the notice at
this time.
Type of Review: Extension of a currently approved collection.
Affected Public: Individuals/businesses and other for-profit
institutions/banking institutions.
Estimated Number of Respondents: 2,400.
Estimated Time per Respondent: 30 minutes.
Estimated Total Annual Burden Hours: 1,200.
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 Office of Management and Budget (OMB)
control number. Books or records relating to a collection of
information must be retained for five years.
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 has
practical utility; (b) the accuracy of the agency's estimate of the
burden of the collection of information, including the validity of the
methodology and assumptions used; (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.
John E. Smith,
Acting Director, Office of Foreign Assets Control.
[FR Doc. 2015-25662 Filed 10-7-15; 8:45 am]
BILLING CODE 4810-AL-P