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View ICR - OIRA Conclusion

OMB Control No: 3235-0059	ICR Reference No: 201802-3235-008
Status: Historical Inactive	Previous ICR Reference No: 201504-3235-001
Agency/Subagency: SEC	Agency Tracking No: CF 270-056
Title: Regulation 14A (Commission Rules 14a-1 through 14a-21 and Schedule 14A)
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: 03/28/2018
Retrieve Notice of Action (NOA)	Date Received in OIRA: 02/20/2018
Terms of Clearance: COMMENT: OMB files this comment in accordance with 5 CFR 1320.11( c ). 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. Resubmit when proposed rule is finalized.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	11/30/2018	36 Months From Approved	11/30/2018
Responses	5,586	0	5,586
Time Burden (Hours)	546,814	0	546,814
Cost Burden (Dollars)	72,908,472	0	72,908,472

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: Yes

Burden Reduction Due to: Changing Regulations

Short Statement: The proposed amendments in Release No. 33-10107 would expand the number of registrants that qualify as smaller reporting companies and are intended to reduce compliance costs for smaller registrants, maintain investor protections, and promote capital formation. We are amending the definition of “smaller reporting company” to include registrants with a public float of less than $250 million, as well as registrants with no public float and annual revenues of less than $100 million in the previous year. We also are making corresponding amendments to other rules in light of the new definition of “smaller reporting company. We anticipate the proposed amendments would decrease the burdens and costs for registrants to prepare and review filings that include scaled disclosure requirements for smaller reporting companies. For purposes of the PRA, we estimate that the proposed amendments to Regulation 14A (Commission Rules 14a-1 through 14a-21 and Schedule 14A) would result in a net decrease of 432 burden hours and a net decrease in the cost burden of ($57,600) for the services of outside professionals.

Annual Cost to Federal Government: $150,000

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? Uncollected

Agency Contact: Amy Reischauer 202 551-3460 reischauerp@sec.gov