[Federal Register Volume 86, Number 170 (Tuesday, September 7, 2021)]
[Notices]
[Pages 50208-50209]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-19255]


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DEPARTMENT OF THE TREASURY

Office of Foreign Assets Control

[Docket No.: OFAC-2021-0002]


Agency Information Collection Activities; Proposed Collection; 
Comment Request for Rough Diamonds Control Regulations

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 
information collection requirements contained within OFAC's Rough 
Diamonds Control Regulations.

DATES: Written comments must be submitted on or before November 8, 2021 
to be assured of consideration.

ADDRESSES: You may submit comments by either of the following methods:
    Federal eRulemaking Portal: http://www.regulations.gov. Follow the 
instructions on the website for submitting comments.
    Email: [email protected] with Attn: Request for Comments 
(Rough Diamonds Control Regulations).
    Instructions: All submissions received must include the agency name 
and refer to Docket Number OFAC-2021-0002 and the Office of Management 
and Budget (OMB) control number 1505-0198. Comments received will be 
made available to the public via https://www.regulations.gov or upon 
request, without change and including any personal information 
provided.

FOR FURTHER INFORMATION CONTACT: OFAC: Assistant Director for 
Licensing, 202-622-2480; Assistant Director for Regulatory Affairs, 
202-622-4855; or Assistant Director for Sanctions Compliance & 
Evaluation, 202-622-2490.

SUPPLEMENTARY INFORMATION:
    Title: Rough Diamonds Control Regulations.
    OMB Number: 1505-0198.
    Type of Review: Extension without change of a currently approved 
collection.
    Description: The collections of information are contained in 
section 592.301(a)(3) of OFAC's Rough Diamonds Control Regulations. The 
person identified as the ultimate consignee on the Customs Form 7501 
Entry Summary or its electronic equivalent is required to report that 
person's receipt of a shipment of rough diamonds to the relevant 
foreign exporting authority within 15 calendar days of the date that 
the shipment arrived at the U.S. port of entry.
    Forms: Section 592.301(a)(3) states that the report filed by the 
ultimate consignee need not be in any particular form and may be 
submitted electronically or by mail or courier.
    Affected Public: Business organizations and individuals engaged in 
the international diamond trade.
    Estimated Number of Respondents: Based on data received from the 
U.S. Department of Homeland Security, U.S. Customs and Border 
Protection, the estimate for the number of unique reporting respondents 
is approximately 66 respondents per year.
    Frequency of Response: The estimated annual frequency of responses 
is approximately 7 per respondent, based on average transaction volume.
    Estimated Total Number of Annual Responses: The estimated total 
number of responses per year is approximately 467.
    Estimated Time per Response: OFAC assesses that there is an average 
time estimate of 10 minutes per response.
    Estimated Total Annual Burden Hours: The estimated total annual 
reporting burden is approximately 78 hours.

[[Page 50209]]

Request for Comments

    Comments submitted in response to this notice will be summarized 
and 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; (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 required to provide information.
    Authority: 44 U.S.C. 3501 et seq.

    Dated: September 1, 2021.
Bradley T. Smith,
Acting Director, Office of Foreign Assets Control.
[FR Doc. 2021-19255 Filed 9-3-21; 8:45 am]
BILLING CODE 4810-AL-P