[Federal Register Volume 86, Number 130 (Monday, July 12, 2021)]
[Notices]
[Pages 36531-36532]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-14736]


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DEPARTMENT OF EDUCATION

[Docket No.: ED-2021-SCC-0100]


Agency Information Collection Activities; Comment Request; 
Endowment Excise Tax: Allocation Reduction Waiver

AGENCY: Office of Postsecondary Education (OPE), Department of 
Education (ED).

ACTION: Notice.

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SUMMARY: In accordance with the Paperwork Reduction Act of 1995, ED is 
requesting the Office of Management and Budget (OMB) to conduct an 
emergency review of a new information collection.

DATES: The Department is requesting emergency processing and OMB 
approval for this information collection by July 26, 2021; and 
therefore, the Department is requesting public comments by July 23, 
2021. A regular clearance process is also hereby being initiated to 
provide the public with the opportunity to comment under the full 
comment period. Interested persons are invited to submit comments on or 
before September 10, 2021.

ADDRESSES: To access and review all the documents related to the 
information collection listed in this notice, please use http://www.regulations.gov by searching the Docket ID number ED-2021-SCC-0100. 
Comments submitted in response to this notice should be submitted 
electronically through the Federal eRulemaking Portal at http://www.regulations.gov by selecting the Docket ID number or via postal 
mail, commercial delivery, or hand delivery. If the regulations.gov 
site is not available to the public for any reason, ED will temporarily 
accept comments at [email protected]. Please include the docket ID 
number and the title of the information collection request when 
requesting documents or submitting comments. Please note that comments 
submitted by fax or email and those submitted after the comment period 
will not be accepted. Written requests for information or comments 
submitted by postal mail or delivery should be addressed to the PRA 
Coordinator of the Strategic Collections and Clearance Governance and 
Strategy Division, U.S. Department of Education, 400 Maryland Ave. SW, 
LBJ, Room 6W208C, Washington, DC 20202-8240.

FOR FURTHER INFORMATION CONTACT: For specific questions related to 
collection activities, please contact Karen Epps, 202-453-6337.

SUPPLEMENTARY INFORMATION: The Department of Education (ED), in 
accordance with the Paperwork Reduction Act of 1995 (PRA) (44 U.S.C. 
3506(c)(2)(A)), provides the general public and Federal agencies with 
an opportunity to comment on proposed, revised, and continuing 
collections of information. This helps the Department assess the impact 
of its information collection requirements and minimize the public's 
reporting burden. It also helps the public understand the Department's 
information collection requirements and provide the requested data in 
the desired format. ED is soliciting comments on the proposed 
information collection request (ICR) that is described below. The 
Department of Education is especially interested in public comment 
addressing the

[[Page 36532]]

following issues: (1) Is this collection necessary to the proper 
functions of the Department; (2) will this information be processed and 
used in a timely manner; (3) is the estimate of burden accurate; (4) 
how might the Department enhance the quality, utility, and clarity of 
the information to be collected; and (5) how might the Department 
minimize the burden of this collection on the respondents, including 
through the use of information technology. Please note that written 
comments received in response to this notice will be considered public 
records.
    Title of Collection: Endowment Excise Tax: Allocation Reduction 
Waiver.
    OMB Control Number: 1840-NEW.
    Type of Review: A new information collection.
    Respondents/Affected Public: Private Sector.
    Total Estimated Number of Annual Responses: 200.
    Total Estimated Number of Annual Burden Hours: 200.
    Abstract: In accordance with the Coronavirus Response and Relief 
Supplemental Appropriations Act, 2021 (CRRSAA), Public Law 116-260, 
section 314(d)(6)(B), the Secretary may waive the requirements to 
reduce a grantee's CRRSAA allocation by 50 percent, if upon 
application, an institution of higher education demonstrates need 
(including need for additional funding for financial aid grants to 
students, payroll expenses, or other expenditures) for the total amount 
of funds such institution is allocated under section 314(a)(1) of 
CRRSAA. The proposed form provides institutions with the opportunity to 
request this waiver and collects data needed to evaluate their waiver 
request.
    Additional Information: If this emergency collection is not 
approved, the Department will be unable to receive and review waiver 
requests in a timely manner, delaying the release of funds to 
institutions of higher education and students that are still recovering 
from the effects of the pandemic.

    Dated: July 7, 2021.
Juliana Pearson,
PRA Coordinator, Strategic Collections and Clearance, Governance and 
Strategy Division, Office of Chief Data Office, Office of Planning, 
Evaluation and Policy Development.
[FR Doc. 2021-14736 Filed 7-9-21; 8:45 am]
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