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View ICR - OIRA Conclusion

OMB Control No: 3220-0203	ICR Reference No: 202002-3220-002
Status: Historical Active	Previous ICR Reference No:
Agency/Subagency: RRB	Agency Tracking No:
Title: Report of Stock Options and Other Payments
Type of Information Collection: New collection (Request for a new OMB Control Number)	Common Form ICR: No
Type of Review Request: Regular
OIRA Conclusion Action: Approved with change	Conclusion Date: 12/03/2020
	Date Received in OIRA: 07/01/2020
Terms of Clearance: Agency clarified the process and purpose for collecting the information.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	12/31/2023	36 Months From Approved
Responses	600	0	0
Time Burden (Hours)	388	0	0
Cost Burden (Dollars)	0	0	0

ICR Summary of Burden

	Total Approved	Change Due to Agency Discretion
Annual Number of Responses	600	600
Annual Time Burden (Hours)	388	388
Annual Cost Burden (Dollars)	0	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: This is a new collection prompted by court ruling, Wisconsin Central Ltd. v. U.S., which determined that non-qualified stock options are not taxable and ruling, Union Pacific Railroad Co. v. U.S., which the Eight Circuit Court of Appeals determined certain ratification payments were taxable. The RRB now requires railroad employer to provide non-qualified stock options and any ratification payments to railroad employees. The burden increase is due to the RRB estimating the number of respondents and the time it would take to compete and submit the proposed form to the RRB.

Annual Cost to Federal Government: $0

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. Yes

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. Yes

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: Brian Foster 312 751-4826 brian.foster@rrb.gov

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