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OMB Control No: 1010-0114	ICR Reference No: 202306-1010-003
Status: Historical Inactive	Previous ICR Reference No: 202210-1010-001
Agency/Subagency: DOI/BOEM	Agency Tracking No: 1010-AE14
Title: Risk Management and Financial Assurance for OCS Lease and Grant Obligations
Type of Information Collection: Revision of a currently approved collection	Common Form ICR: No
Type of Review Request: Regular
OIRA Conclusion Action: Comment filed on proposed rule and continue	Conclusion Date: 09/21/2023
Retrieve Notice of Action (NOA)	Date Received in OIRA: 06/29/2023
Terms of Clearance: In accordance with 5 CFR 1320.11(c), OMB is filing comment and withholding approval at this time. This OMB action is not an approval to conduct or sponsor an information collection under the Paperwork Reduction Act of 1995. This action has no effect on any current approvals. If OMB has assigned this ICR a new OMB Control Number, the OMB Control Number will not appear in the active inventory. For future submissions of this information collection, reference the OMB Control Number provided. The agency shall examine public comment in response to the proposed rulemaking and include in the supporting statement of the next ICR--to be submitted to OMB at the final rule stage--a description of how the agency has responded to any public comments on the ICR, including comments on maximizing the practical utility of the collection and minimizing the burden. Given that the cost estimates presented rely largely on non-public data, the agency is requested to work with OMB to increase the amount of quality supporting information underlying the cost estimates before this information collection is submitted for renewal. Lastly, the supporting statement submitted at final rule stage should include any changes that occurred between the proposed and final rule related to this ICR.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	05/31/2026	36 Months From Approved	05/31/2026
Responses	5,621	0	5,621
Time Burden (Hours)	27,849	0	27,849
Cost Burden (Dollars)	165,492	0	165,492

Abstract: The Department of the Interior, acting through BOEM, proposes in its Notice of Proposed Rulemaking, entitled, “Risk Management and Financial Assurance for OCS Lease and Grant Obligations” (RIN 1010-AE14) to modify its criteria for determining whether oil, gas, and sulfur lessees, right-of-use and easement grant holders, and pipeline right-of-way grant holders may be required to provide bonds or other financial assurance above the regulatorily prescribed base bonds to ensure compliance with their Outer Continental Shelf Lands Act obligations. This proposed rule would also remove existing restrictive provisions for third-party guarantees and decommissioning accounts and would add new criteria under which a bond or third-party guarantee that was provided as supplemental financial assurance may be cancelled. Additionally, this proposed rule would clarify bonding requirements for RUEs serving Federal leases.

Authorizing Statute(s): US Code: 43 USC 1331 et seq. + 1801 et seq. Name of Law: Outer Continental Shelf Lands Act
US Code: 31 USC 9701 Name of Law: Independent Offices Appropriations Act

Citations for New Statutory Requirements: None

Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
1010-AE14	Proposed rulemaking	88 FR 42136	06/29/2023

Federal Register Notices & Comments
Did the Agency receive public comments on this ICR? No

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

Burden Increase Due to:

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

Burden Reduction Due to:

Short Statement:

Annual Cost to Federal Government: $1,608,299

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

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination. No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination. 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? No

Agency Contact: Anna Atkinson 202 912-7438 amatkinson@blm.gov

View ICR - OIRA Conclusion