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View ICR - OIRA Conclusion

OMB Control No: 3235-0716	ICR Reference No: 202104-3235-013
Status: Historical Active	Previous ICR Reference No: 201902-3235-018
Agency/Subagency: SEC	Agency Tracking No: CF 270-658
Title: Form C
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: 05/18/2021
	Date Received in OIRA: 04/15/2021
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	05/31/2024	36 Months From Approved	08/31/2022
Responses	5,907	0	5,852
Time Burden (Hours)	221,378	0	214,928
Cost Burden (Dollars)	29,358,657	0	28,500,000

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Agency Discretion
Annual Number of Responses	5,907	5,852	55
Annual Time Burden (Hours)	221,378	214,928	6,450
Annual Cost Burden (Dollars)	29,358,657	28,500,000	858,657

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Changing Regulations

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

Burden Reduction Due to:

Short Statement: The amendments: limit the types of securities offered, permit the use of certain special purpose vehicles, require disclosure about co-issuers when such vehicles are used; permit the use of generic and Regulation Crowdfunding-specific solicitation of interest materials and the filing of such materials; increase the offering limit and investment limit; and harmonize bad actor disqualification provisions with Regulation A and Regulation D. As a result of these amendments, we estimate that the impact would be an increase in the number of filers and paperwork burden of affected entities. For purposes of the PRA, we estimate that, for Form C, the amendments will result in a net increase of 55 Form C filings, a net increase of 6,450 burden hours, and a net increase of $858,657 in cost burden for the services of outside professionals.

Annual Cost to Federal Government: $103,479,690

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. 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: Steven Hearne 703 551-3248

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