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View ICR - OIRA Conclusion

OMB Control No: 3235-0716	ICR Reference No: 202402-3235-005
Status: Active	Previous ICR Reference No: 202104-3235-013
Agency/Subagency: SEC	Agency Tracking No: CF 270-658
Title: Form C
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR: No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 07/01/2024
	Date Received in OIRA: 05/04/2024
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	07/31/2027	36 Months From Approved	06/30/2024
Responses	3,476	0	5,907
Time Burden (Hours)	160,059	0	221,378
Cost Burden (Dollars)	31,882,650	0	29,358,657

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Adjustment in Estimate
Annual Number of Responses	3,476	5,907	-2,431
Annual Time Burden (Hours)	160,059	221,378	-61,319
Annual Cost Burden (Dollars)	31,882,650	29,358,657	2,523,993

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 decrease in burden hours and the increase in cost burden is due to an adjustment to how the PRA burdens are calculated. The decrease in burden hours of 61,319 is due to decrease in the number of Form C filings filed with the Commission. The increase in cost burden is due to how the cost burden is calculated. We recognize that the costs of retaining outside professionals may vary depending on the nature of the professional services, but for purposes of this PRA analysis, we estimate that such costs would be an average of $600 per hour. We are increasing the cost estimate to $600 per hour to adjust the estimate for inflation from August 2006 to the present.

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. 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: Felicia Kung 703 551-3430

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