[Federal Register Volume 87, Number 19 (Friday, January 28, 2022)]
[Notices]
[Page 4713]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-01698]


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DEPARTMENT OF THE TREASURY


Agency Information Collection Activities; Proposed Collection; 
Comment Request; Determinations Regarding Certain Nonbank Financial 
Companies

AGENCY: Departmental Offices, U.S. Department of the Treasury.

ACTION: Notice.

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SUMMARY: The U.S. 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 the proposed 
information collections listed below, in accordance with the Paperwork 
Reduction Act of 1995.

DATES: Written comments must be received on or before March 29, 2022.

ADDRESSES: Send comments regarding the burden estimate, or any other 
aspect of the information collection, including suggestions for 
reducing the burden, by the following method:
     Federal E-rulemaking Portal: http://www.regulations.gov. 
Follow the instructions for submitting comments. Refer to Docket Number 
TREAS-DO-2022-0002 and the specific Office of Management and Budget 
(OMB) control number 1505-0244.

FOR FURTHER INFORMATION CONTACT: For questions related to these 
programs, please contact Dennis Lee by emailing 
[email protected], or calling (202) 622-7785. Additionally, you 
can view the information collection requests at www.reginfo.gov.

SUPPLEMENTARY INFORMATION:
    Title: Determinations Regarding Certain Nonbank Financial 
Companies.
    OMB Control Number: 1505-0244.
    Type of Review: Extension without change of a currently approved 
collection.
    Description: Section 113 of the Dodd-Frank Wall Street Reform and 
Consumer Protection Act (the ``DFA'') (Pub. L. 111-203) provides the 
Financial Stability Oversight Council (the ``Council'') the authority 
to require that a nonbank financial company be supervised by the Board 
of Governors of the Federal Reserve System and be subject to prudential 
standards in accordance with Title I of the DFA if the Council 
determines that material financial distress at the firm, or the nature, 
scope, size, scale, concentration, interconnectedness, or mix of the 
activities of the firm, could pose a threat to the financial stability 
of the United States. The information collected in Sec.  1310.20 from 
state and federal regulatory agencies and from nonbank financial 
companies will be used generally by the Council to carry out its duties 
under Title I of the Dodd-Frank Act. The collections of information in 
Sec. Sec.  1310.21, 1310.22 and 1310.23 provide an opportunity for a 
nonbank financial company to request a hearing or submit written 
materials to the Council concerning whether, in the company's view, 
material financial distress at the company, or the nature, scope, size, 
scale, concentration, interconnectedness, or mix of the activities of 
the company, could pose a threat to the financial stability of the 
United States.
    Form: None.
    Affected Public: Businesses or other for-profits.
    Estimated Number of Respondents: 1.
    Frequency of Response: On occasion.
    Estimated Total Number of Annual Responses: 1.
    Estimated Time per Response: 20 hours.
    Estimated Total Annual Burden Hours: 20.
    Request for Comments: Comments submitted in response to this notice 
will be summarized and included in the request for Office of Management 
and Budget 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; (d) ways to minimize 
the burden of the collection of information on respondents, including 
through the use of 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: January 24, 2022.
Molly Stasko,
Treasury PRA Clearance Officer.
[FR Doc. 2022-01698 Filed 1-27-22; 8:45 am]
BILLING CODE 4810-AK-P