[Federal Register Volume 69, Number 3 (Tuesday, January 6, 2004)]
[Notices]
[Pages 720-721]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-205]


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DEPARTMENT OF THE TREASURY


Departmental Offices; Proposed Collection; Comment Request

AGENCY: Departmental Offices, Department of the 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 Department of the Treasury is soliciting comments 
concerning the Terror Risk Insurance Survey.

DATES: Written comments should be received on or before March 8, 2003 
to be assured of consideration.

ADDRESSES: Submit comments (if hard copy, preferably an original and 
two copies) to Lucy Huffman, Office of Economic Policy, Department of 
the Treasury, 1500 Pennsylvania Ave., NW., Washington, DC 20220. 
Because paper mail in the Washington, DC area may be subject to delay, 
it is recommended that comments be submitted by electronic mail to: 
[email protected]. All comments should be captioned with 
``Terror Risk Insurance Survey Comments.'' Please include your name, 
affiliation, address, email, address and telephone number in your 
comment. Comments will be available for public inspection by 
appointment only at the Reading Room of the Treasury Library. To make 
appointments, call (202) 622-0990 (not a toll-free number).

FOR FURTHER INFORMATION CONTACT: Linda Moeller, Economist, Office of 
Economic Policy, 202-622-0474, at [email protected]; or Lucy 
Huffman, Economist, Office of Economic Policy, 202-622-0198, at 
[email protected].

SUPPLEMENTARY INFORMATION: 
    Title: Terror Risk Insurance Survey.
    Abstract: Section 108(d) of the Terrorism Risk Insurance Act of 
2002 (Pub. L. 107-297) (TRIA) requires the Secretary of the Treasury 
(Treasury) to assess the effectiveness of the Terrorism Risk Insurance 
Program (Program) established under TRIA and the likely capacity of the 
property and casualty insurance industry to offer insurance for 
terrorism risk after termination of the Program in 2005, and the 
availability and affordability of such insurance for various 
policyholders, including

[[Page 721]]

railroads, trucking and public transit. To help carry out this charge, 
Treasury will implement a broad national multi-period survey of the 
availability and price of terrorism risk coverage. The survey will 
collect data on terrorism risk coverage in worker's compensation, 
commercial property, and other casualty insurance included under TRIA 
and data on reinsurance for terrorism risk.
    Current Actions: The survey data will be collected in three waves. 
The first wave of data collection is being undertaken during the fall 
and winter of 2003 on the basis of an emergency information collection 
submission (OMB number 1505-0193). The second and third waves will be 
collected in early 2004 and 2005, respectively.
    Pursuant to the Confidential Information Protection and Statistical 
Efficiency Act of 2002, Pub. L. 107-347, 116 Stat. 2962, codified at 44 
U.S.C. 3501, the data collected for this project shall be used for 
exclusively statistical purposes, that is, for ``* * * the description, 
estimation, or analysis of the characteristics of groups, without 
identifying the individuals or organizations that comprise such 
groups'' The data shall be gathered at arm's length from the 
Government. The survey contractor, Westat, shall assemble the data into 
nationally representative sets of longitudinal micro data in conformity 
with OMB and Treasury data quality standards. The Contractor pledges to 
Treasury and to survey respondents that they will safeguard the 
confidentiality of survey responses. No individual company will be 
identified, directly or indirectly, in reports or publications.
    Type of Review: New.
    Affected Public: Business or other for-profit/Not-for-profit 
institutions/Farms/State Local or Tribal Government.
    Estimated Number or Respondents: 10,350.
    Estimated Total Annual Burden Hours: 13,500 hours.

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; and 
(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.

    Dated: December 31, 2003.
Mark Warshawsky,
Acting Assistant Secretary for Economic Policy, U.S. Treasury 
Department.
[FR Doc. 04-205 Filed 1-5-04; 8:45 am]
BILLING CODE 4810-25-M