[Federal Register Volume 88, Number 246 (Tuesday, December 26, 2023)]
[Notices]
[Page 88971]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-28358]


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DEPARTMENT OF LABOR


Agency Information Collection Activities; Submission for OMB 
Review; Comment Request; Employee Retirement Income Security Act 
Prohibited Transaction Class Exemption 1981-8, Investment of Plan 
Assets in Certain Types of Short-Term Investments

ACTION: Notice of availability.

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SUMMARY: The Department of Labor (DOL) is submitting this Employee 
Benefits Security Administration (EBSA)-sponsored information 
collection request (ICR) to the Office of Management and Budget (OMB) 
for review and approval in accordance with the Paperwork Reduction Act 
of 1995 (PRA). Public comments on the ICR are invited.

DATES: The OMB will consider all written comments that the agency 
receives on or before January 25, 2024.

ADDRESSES: Written comments and recommendations for the proposed 
information collection should be sent within 30 days of publication of 
this notice to www.reginfo.gov/public/do/PRAMain. Find this particular 
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function.
    Comments are invited on: (1) whether the collection of information 
is necessary for the proper performance of the functions of the 
Department, including whether the information will have practical 
utility; (2) the accuracy of the agency's estimates of the burden and 
cost of the collection of information, including the validity of the 
methodology and assumptions used; (3) ways to enhance the quality, 
utility and clarity of the information collection; and (4) ways to 
minimize the burden of the collection of information on those who are 
to respond, including the use of automated collection techniques or 
other forms of information technology.

FOR FURTHER INFORMATION CONTACT: Michael Howell by telephone at 202-
693-6782, or by email at [email protected].

SUPPLEMENTARY INFORMATION: Class Exemption 81-8 permits the investment 
of plan assets that involve the purchase or other acquisition, holding, 
sale, exchange or redemption by or on behalf of an employee benefit 
plan of certain types of short-term investments. Without the exemption, 
certain aspects of these transactions might be prohibited by section 
406 of the Employee Retirement Income Security Act (ERISA). For 
additional substantive information about this ICR, see the related 
notice published in the Federal Register on August 25, 2023 (88 FR 
58312).
    This information collection is subject to the PRA. A Federal agency 
generally cannot conduct or sponsor a collection of information, and 
the public is generally not required to respond to an information 
collection, unless the OMB approves it and displays a currently valid 
OMB Control Number. In addition, notwithstanding any other provisions 
of law, no person shall generally be subject to penalty for failing to 
comply with a collection of information that does not display a valid 
OMB Control Number. See 5 CFR 1320.5(a) and 1320.6.
    Agency: DOL-EBSA.
    Title of Collection: Employee Retirement Income Security Act 
Prohibited Transaction Class Exemption 1981-8, Investment of Plan 
Assets in Certain Types of Short-Term Investments.
    OMB Control Number: 1210-0061.
    Affected Public: Businesses or other for-profits.
    Total Estimated Number of Respondents: 123,698.
    Total Estimated Number of Responses: 618,490.
    Total Estimated Annual Time Burden: 154,623 hours.
    Total Estimated Annual Other Costs Burden: $23,676.

(Authority: 44 U.S.C. 3507(a)(1)(D))

Michael Howell,
Senior Paperwork Reduction Act Analyst.
[FR Doc. 2023-28358 Filed 12-22-23; 8:45 am]
BILLING CODE 4510-29-P