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View ICR - OIRA Conclusion

OMB Control No: 3235-0697	ICR Reference No: 201608-3235-008
Status: Historical Active	Previous ICR Reference No: 201604-3235-003
Agency/Subagency: SEC	Agency Tracking No: CF 270-647
Title: Form SD
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: 01/12/2017
	Date Received in OIRA: 08/24/2016
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	01/31/2020	36 Months From Approved	06/30/2019
Responses	1,481	0	864
Time Burden (Hours)	601,315	0	311,437
Cost Burden (Dollars)	113,011,660	0	41,523,840

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to New Statute
Annual Number of Responses	1,481	864	617
Annual Time Burden (Hours)	601,315	311,437	289,878
Annual Cost Burden (Dollars)	113,011,660	41,523,840	71,487,820

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: As explained in further detail in Items 12 and 13 above, the increase in burden for Form SD corresponds to new disclosure requirements for resource extraction issuers. These disclosure requirements implement Section 13(q) by requiring resource extraction issuers to include in an annual report information about certain payments made to foreign governments and the U.S. federal government. As discussed above, the approximately 1,481 issuers required to file on Form SD annually would increase the current paperwork burden under Form SD from 311,437 hours to 601,315.2 hours, an increase of 289,878 hours. There would be a corresponding increase of $71,487,820 in cost burden.

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