Agency Information Collection Activities; Proposed Collection; Comment Request; Electronic License Application Form
Notice published March 29, 2019 · 84 FR 12036
- Document number
- FR Doc. 2019-06084
- Type
- Notice
- Published
- March 29, 2019
- Citation
- 84 FR 12036 (page 12,036)
- Action
- Notice and request for comments.
- Dates
- Written comments must be submitted on or before May 28, 2019 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 or continuing information collections, as required by the Paperwork Reduction Act of 1995. 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 84, Number 61 (Friday, March 29, 2019)]
[Notices]
[Page 12036]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-06084]
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DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
Agency Information Collection Activities; Proposed Collection;
Comment Request; 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 or continuing
information collections, as required by the Paperwork Reduction Act of
1995. 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 May 28, 2019 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 website for submitting comments. Refer to Docket
Number OFAC-2019-0001 and the Office of Management and Budget (OMB)
control number 1505-0170.
Fax: Attn: Request for Comments (OFAC Application for the Release
of Blocked Funds) 202-622-1759. Refer to Docket Number OFAC-2019-0001
and the OMB control number 1505-0170.
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. Refer to
Docket Number OFAC-2019-0001 and the OMB control number 1505-0170.
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 available to the public via
regulations.gov or upon request, without change and including any
personal information provided.
FOR FURTHER INFORMATION CONTACT: OFAC: 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. 4301 et seq., 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
website. 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). Applications to OFAC for
the release of blocked funds can also be made via the electronic
licensing portal here: https://www.treasury.gov/resource-center/sanctions/Pages/licensing.aspx
Type of Review: Extension of a currently approved collection.
Affected Public: Individuals/businesses, other for-profit
institutions, and non-governmental organizations. The likely
respondents and record-keepers affected by this collection of
information are U.S. financial institutions.
Estimated Number of Respondents: 3,000.
Estimated Time per Respondent: 30 minutes.
Estimated Total Annual Burden Hours: 1,500.
Request for Comments
Comments submitted in response to this notice will be summarized 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.
Authority: 44 U.S.C. 3501 et seq.
Approved: March 25, 2019.
Andrea Gacki,
Director, Office of Foreign Assets Control.
[FR Doc. 2019-06084 Filed 3-28-19; 8:45 am]
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