View ICR - OIRA Conclusion



1505-0260 202208-1505-006
Historical Active 201905-1505-001
TREAS/DO N/A
Application, Reports, and Recordkeeping for the Social Impact Partnerships to Pay for Results Act (SIPPRA) grant Program
Extension without change of a currently approved collection   No
Regular
Approved with change 03/22/2023
08/31/2022
Responses to public comments updated during OMB review. The following terms of clearance continue to be relevant to this extension without change: (1) Treasury’s definition of and methodology for calculating “value.” OMB has recommended Benefit-Cost Analysis as the appropriate means of determining savings and value. We are willing to allow Treasury’s proposed approach for defining and determining value (i.e. budgetary impact analysis) for the first round of SIPPRA funding, on the condition that this approach will be revisited, prior to issuance of subsequent NOFAs, particularly if the current NOFA is only able to fund a limited number of viable projects or if it proves unworkable in other ways. (2) Definition of “Benefits.” EOP is willing to go forward without a definition of benefits in the current NOFA with the understanding that Treasury will work with OMB and OIRA to develop a definition of “benefits” if subsequent NOFAs are issued. (3) Timeframe for response from applicants. EOP is willing to go forward with the current timeframe for applicant submission with the understanding that if there are few applications, e.g. fewer than 7 submitted during this period, Treasury, in addition to revisiting the above issues, will extend the timeframe to a longer period, e.g. 180 days, in subsequent NOFAs issued.
  Inventory as of this Action Requested Previously Approved
03/31/2026 36 Months From Approved 03/31/2023
120 0 120
2,190 0 2,190
9,145,000 0 9,145,000