[Federal Register Volume 78, Number 120 (Friday, June 21, 2013)]
[Notices]
[Pages 37661-37662]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-14829]


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DEPARTMENT OF THE TREASURY


Proposed Collection; Comment Request

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 burdens, invites the general public and 
other Federal agencies to comment on a currently approved information 
collection that is due for extension approval by the Office of 
Management and Budget. The Terrorism Risk Insurance Program Office 
within the Department of the Treasury is soliciting comments concerning 
the Record Keeping Requirements set forth in 31 CFR part 50, subpart I 
(Sec. 50.82).

DATES: Written comments must be received on or before August 20, 2013.

ADDRESSES: Submit comments by email to [email protected] or by 
mail (if hard copy, preferably an original and two copies) to: 
Terrorism Risk Insurance Program, Public Comment Record, Suite 2100, 
Department of the Treasury, 1425 New York 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 electronically. All 
comments should be captioned with ``PRA Comments--Recoupment Procedures 
of the Terrorism Risk Insurance Act (TRIA)''. 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 makes 
appointments, call (202) 622-0990 (not a toll-free number).

FOR FURTHER INFORMATION CONTACT: Requests for additional information 
should be directed to: Terrorism Risk Insurance Program Office at (202) 
622-6770 (not a toll-free number).

SUPPLEMENTARY INFORMATION: 
    OMB Number: 1505-0196.
    Title: Terrorism Risk Insurance Program: Litigation Management- 
Information Collection Regarding Proposed Settlements.
    Abstract: Section 103(a) and 104 of the Terrorism Risk Insurance 
Act of 2002 (Pub. L. 107-297) (``TRIA'') authorize the Department of 
the Treasury to administer and implement the temporary Terrorism Risk 
Insurance Program established by the Act. Section 107 contains specific 
provisions designed to manage litigation arising out of or resulting 
from a certified act of terrorism. The Terrorism Risk Insurance 
Extension Act of 2005, Public Law 109-144, added section 107(a)(6) to 
TRIA, which provides that procedures and requirements established by 
the Secretary under 31 CFR 50.82, as in effect on the date of issuance 
of that section in final form [July 28, 2004], shall apply to any 
Federal cause of action described in section 107(a)(1). Section 50.82 
of the regulations requires insurers to submit to Treasury for advance 
approval certain proposed settlements involving an insured loss, any 
part of the payment of which the insurer intends to submit as part of 
its claim for Federal payment under the Program. Section 50.83 of the 
regulations describes the form and content that insurers must submit to 
implement the settlement approval process prescribed by Section 50.82.
    Type of Review: Extension of a currently approved data collection.
    Affected Public: Business/Financial Institutions.
    Estimated Number of Respondents: 1,286.
    Estimated Average Time per Respondent: 4 hours.
    Estimated Total Annual Burden Hours: 5141 hours.
    Request for Comments.: 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 OMB control 
number. 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 
collections; (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

[[Page 37662]]

technology; and (e) estimates of capital or start-up costs and costs of 
operation, maintenance, and purchase of services to provide 
information.

    Dated: June 17, 2013.
Jeffrey S. Bragg,
Director, Terrorism Risk Insurance Program.
[FR Doc. 2013-14829 Filed 6-20-13; 8:45 am]
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