Reporting, Procedures and Penalties Regulations

Forms and Documents

Document Name	Status
Form TD F 90-22.50 Reporting, Procedures and Penalties Regulations Form and Instruction	Modified
Form TD-F 93.07 Reporting and Procedures Regulations 31 CFR Part 501 Form	Removed
Form TD-F 93.02 Reporting and Procedures Regulations 31 CFR Part 501 Form	Removed
Form TD-F 93.03 Reporting and Procedures Regulations 31 CFR Part 501 Form	Removed
Form TD-F 93.01 Reporting and Procedures Regulations 31 CFR Part 501 Form	Removed
Form TD-F 93.06 Reporting and Procedures Regulations 31 CFR Part 501 Form	Removed
Form TD-F 93.05 Reporting and Procedures Regulations 31 CFR Part 501 Form	Removed
Form TD-F 93.04 Reporting and Procedures Regulations 31 CFR Part 501 Form and Instruction	Removed
1506-0164_Reporting Procedures and Penalties -Part 501-2012 v 5.docx Supporting Statement A	2012-09-28

IC Document Collections

IC ID	Document Title	Status
43827	Reporting, Procedures and Penalties Regulations Form and Instruction	Modified
202139	Licensing Cover Sheet Other-Cover Sheet	Removed
191974	Reporting and Procedures Regulations 31 CFR Part 501 Form	Removed
191973	Reporting and Procedures Regulations 31 CFR Part 501 Form	Removed
191972	Reporting and Procedures Regulations 31 CFR Part 501 Form	Removed
191971	Reporting and Procedures Regulations 31 CFR Part 501 Form	Removed
191970	Reporting and Procedures Regulations 31 CFR Part 501 Form	Removed
191968	Reporting and Procedures Regulations 31 CFR Part 501 Form	Removed
191799	Reporting and Procedures Regulations 31 CFR Part 501 Form and Instruction	Removed

ICR Details

OMB Control No: 1505-0164	ICR Reference No: 201209-1505-003
Status: Historical Active	Previous ICR Reference No: 201205-1505-001
Agency/Subagency: TREAS/DO	Agency Tracking No:
Title: Reporting, Procedures and Penalties Regulations
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 03/08/2013
	Date Received in OIRA: 09/28/2012
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	03/31/2016	36 Months From Approved	03/31/2013
Responses	42,086	0	29,045
Time Burden (Hours)	45,376	0	33,750
Cost Burden (Dollars)	453,760	0	337,500

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Abstract: Submissions will provide the U.S. Government with information to be used in enforcing various economic sanctions programs administered by OFAC under 31 CFR Chapter V.

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Authorizing Statute(s): US Code: 50 USC 1701-1706 Name of Law: null
   US Code: 22 USC 287c Name of Law: null
   US Code: 50 USC App. 1-44 Name of Law: null
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	77 FR 43903	07/26/2012
30-day Notice:	Federal Register Citation:	Citation Date:
	77 FR 59706	09/28/2012
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Reporting, Procedures and Penalties Regulations	TD F 90-22.50, TD F 93.04, TD F 93.02, TD F 98-22.61, TD F 93.07	Annual Report of Blocked Property ,   Trade Sanctions Reform and Export Enhancement Application ,   Report of Blocked Transactions ,   Report of Rejected Transactions ,   OFAC License Application Cover Letter
Reporting and Procedures Regulations 31 CFR Part 501	TD-F 93.02	Report of Blocked Transactions
Reporting and Procedures Regulations 31 CFR Part 501	TD-F 93.01	Letter of Credit Transaction Form
Reporting and Procedures Regulations 31 CFR Part 501	TD-F 93.05	Blocked Account Transaction Form
Licensing Cover Sheet
Reporting and Procedures Regulations 31 CFR Part 501	TD-F 93.03	Wire Transfer Transaction Form
Reporting and Procedures Regulations 31 CFR Part 501	TD-F 93.07	Report of Rejected Transactions
Reporting and Procedures Regulations 31 CFR Part 501	TD-F 93.04	Trade Sanctions Reform and Export Enhancement Act License Application
Reporting and Procedures Regulations 31 CFR Part 501	TD-F 93.06	Check Transaction Form

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ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	42,086	29,045	0	49,141	-36,100	0
Annual Time Burden (Hours)	45,376	33,750	0	21,276	-9,650	0
Annual Cost Burden (Dollars)	453,760	337,500	0	202,538	-86,278	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Miscellaneous Actions

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: Adjustments in the agency estimate was made by removing duplicate information collections (ICs) and arrange the collection instruments into one single IC. This adjustment resulted in a decrease of 18,050 responses and a decrease of 4,825 burden hours. The estimated 42,086 annual responses represent a 13,041 annual response increase from the 29,045 annual responses currently approved collection for 31 CFR part 501. This is a program change due to agency discretion and is the result of an expected increase in the number of annual reports submitted pursuant to § 501.603 based on trends from the past 3 years and stems from an increased number of OFAC sanctions programs. The corresponding increase in total annual hours requested to 45,376 hours reflects the additional hours expected due to the increase in § 501.603 annual reports.

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Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).

The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(i) Why the information is being collected;

(ii) Use of information;

(iii) Burden estimate;

(iv) Nature of response (voluntary, required for a benefit, or mandatory);

(v) Nature and extent of confidentiality; and

(vi) Need to display currently valid OMB control number;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.

Certification Date: 09/28/2012

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