[Federal Register Volume 76, Number 126 (Thursday, June 30, 2011)]
[Notices]
[Pages 38459-38460]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2011-16589]


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DEPARTMENT OF THE TREASURY

Office of Foreign Assets Control


Proposed Collection; Comment Request for Rough Diamonds Reporting 
Requirements

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 take this opportunity 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 requirements to report information about the shipment 
of rough diamonds on an ongoing and annual basis.

DATES: Written comments must be received on or before August 29, 2011 
to be assured of consideration.

ADDRESSES: You may submit comments by any of the following methods:
    Federal eRulemaking Portal: http://www.regulations.gov. Follow the 
instructions for submitting comments.
    Fax: Attn: Request for Comments (Rough Diamonds Reporting) (202) 
622-1657
    Mail: Attn: Request for Comments (Rough Diamonds Reporting). 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 available to the public via 
regulations.gov or upon request, without change and including any 
personal information provided.

FOR FURTHER INFORMATION CONTACT: Requests for additional information 
about the filings or procedures should be directed to Assistant 
Director, Policy, Office of Foreign Assets Control, or Chief Counsel 
(Foreign Assets Control), Department of the Treasury, 1500 Pennsylvania 
Avenue, NW., Washington, DC 20220.

SUPPLEMENTARY INFORMATION: Title: Requirement to report information 
about the shipment of rough diamonds.
    OMB Number: 1505-0198.
    Abstract: The ultimate consignee of a rough diamond shipment, 
identified on Customs Form 7501 Entry Summary, is required to report 
specified information about the shipment of rough diamonds imported 
into the United States to the foreign exporting authority within 15 
calendar days of the date that the shipment arrived at a U.S. port of 
entry pursuant to Sec.  592.301(a)(3) of the Rough Diamonds Control 
Regulations, 31 CFR part 592 (the ``Regulations''). In addition, 
persons who import rough diamonds into the United States or export 
rough diamonds from the United States are required to file an annual 
report identifying total rough diamond import and/or export activity 
during the reporting year, as well as information on stockpiles of 
rough diamonds, if any, as of the end of the reporting year, pursuant 
to Sec.  592.502 of the Regulations. This collection of information is 
needed to monitor the

[[Page 38460]]

integrity of international rough diamond shipments, and the information 
collected will be used to further the compliance, enforcement, and 
civil penalty programs of the Office of Foreign Assets Control of the 
Department of the Treasury.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business organizations and individuals engaged in 
the international diamond trade.
    Estimated Number of Respondents: 250.
    Estimated Annual Responses: 250.
    Estimated Hours per Response: 0.54.
    Estimated Total Annual Burden Hours: 1,750.
    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.

Dawn D. Wolfgang,
Treasury PRA Clearance Officer.
[FR Doc. 2011-16589 Filed 6-29-11; 8:45 am]
BILLING CODE 4810-25-P