View Information Collection Request (ICR) Package
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View Information Collection (IC) List
View Supporting Statement and Other Documents
Please note that the OMB number and expiration date may not have been determined when this Information Collection Request and associated Information Collection forms were submitted to OMB. The approved OMB number and expiration date may be found by clicking on the Notice of Action link below.
View ICR - OIRA Conclusion
OMB Control No:
1505-0121
ICR Reference No:
201810-1505-001
Status:
Historical Active
Previous ICR Reference No:
201510-1505-001
Agency/Subagency:
TREAS/DO
Agency Tracking No:
Title:
Regulations Pertaining to Mergers, Acquisitions and Takeovers by Foreign Persons
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:
11/10/2018
Retrieve Notice of Action (NOA)
Date Received in OIRA:
10/11/2018
Terms of Clearance:
Inventory as of this Action
Requested
Previously Approved
Expiration Date
11/30/2021
06/30/2019
06/30/2019
Responses
380
0
130
Time Burden (Hours)
20,080
0
15,080
Cost Burden (Dollars)
0
0
0
Abstract:
Treasury disseminates to other agencies that are members of the Committee on Foreign Investment in the United States information collected under the regulations from parties involved in a foreign acquisition of a U.S. company in order to do a national security analysis of the acquisition.
Authorizing Statute(s):
PL:
Pub.L. 115 - 232 Subtitle A
Name of Law: Foreign Investment Risk Review Modernization Act of 2018
PL:
Pub.L. 100 - 49 721
Name of Law: Foreign Investment and National Security Act of 2007
Citations for New Statutory Requirements:
PL: Pub.L. 115 - 232 Subtitle A Name of Law: the Foreign Investment Risk Review Modernization Act of 2018
Associated Rulemaking Information
RIN:
Stage of Rulemaking:
Federal Register Citation:
Date:
1505-AC60
Final or interim final rulemaking
83 FR 51316
10/11/2018
Federal Register Notices & Comments
60-day Notice:
Federal Register Citation:
Citation Date:
83 FR 51316
10/11/2018
30-day Notice:
Federal Register Citation:
Citation Date:
83 FR 51316
10/11/2018
Did the Agency receive public comments on this ICR?
No
Number of Information Collection (IC) in this ICR:
2
IC Title
Form No.
Form Name
Declaration Submission Form for Critical Technology Pilot Program
CFIUS Declaration Form
Declaration Submission Form for Critical Technology Pilot Program
Regulations Pertaining to Mergers, Acquisitions and Takeovers by Foreign Persons
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
380
130
250
0
0
0
Annual Time Burden (Hours)
20,080
15,080
5,000
0
0
0
Annual Cost Burden (Dollars)
0
0
0
0
0
0
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:
The new regulations will add 5,000 hours to the previously approved CFIUS burden of 15,080 hours, for a total of 20,080 hours. This increase is due to the pilot program, which is being implemented in accordance with the new FIRRMA legislation.
Annual Cost to Federal Government:
$15,900,000
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:
Benjamin Joseloff 202 622-9741 benjamin.joseloff@treasury.gov
Common Form ICR:
No
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:
10/11/2018
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