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OMB Control No: 3090-0292	ICR Reference No: 202405-3090-004
Status: Active	Previous ICR Reference No: 202012-3090-002
Agency/Subagency: GSA	Agency Tracking No:
Title: FFATA Subaward and Executive Compensation Reporting Requirements
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: 09/23/2024
	Date Received in OIRA: 05/28/2024
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	09/30/2027	36 Months From Approved	09/30/2024
Responses	536,394	0	148,152
Time Burden (Hours)	536,394	0	148,152
Cost Burden (Dollars)	27,484,829	0	5,329,027

Abstract: The Federal Funding Accountability and Transparency Act (FFATA), “Transparency Act,” requires information disclosure of entities receiving Federal financial assistance through Federal awards such as Federal contracts, sub-contracts, grants, and sub-grants, FFATA § 2(a)(2)(i), (ii). Specifically, the Transparency Act’s section 2(b)(1) requires the Office of Management and Budget (“OMB”) to ensure the establishment of a publicly available website that contains the following information about each Federal award: ● name of the entity receiving the award; ● amount of the award; ● information on the award including transaction type, funding agency, the North American Industry Classification System code or Assistance Listings number, program source, award title descriptive of the purpose of each funding action; ● location of the entity receiving the award and primary location of performance under the award, including city, State, congressional district, and country; ● unique identifier of the entity receiving the award and the parent entity of the recipient, should the entity be owned by another entity; and ● names and total compensation of the five most highly compensated officers of the entity if the entity in the preceding fiscal year received 80 percent or more of its annual gross revenues in Federal contracts (and subcontracts), loans, grants (and subgrants), cooperative agreements, and other forms of Federal financial assistance awards; and $25,000,000 or more in annual gross revenues from Federal contracts (and subcontracts), loans, grants (and subgrants), cooperative agreements, and other forms of Federal financial assistance contract awards; and the public does not have access to this information about the compensation of the senior executives of the entity through periodic reports filed under section 13(a) or 15(d) of the Securities Exchange Act of 1934 (15 U.S.C. §§ 78m(a), 78o(d)) or section 6104 of the Internal Revenue Code of 1986. See 2 CFR Part 170 for a full reading of the regulations FFATA § 2(b)(1). (To determine if the public has access to the compensation information, see the U.S. Security and Exchange Commission total compensation filings at http://www.sec.gov/answers/execomp.htm.

Authorizing Statute(s): None

Citations for New Statutory Requirements: None

Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	89 FR 11280	02/14/2024
30-day Notice:	Federal Register Citation:	Citation Date:
	89 FR 45893	05/24/2024
Did the Agency receive public comments on this ICR? Yes

Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
FFATA Subaward and Executive Compensation Reporting Requirements

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Agency Discretion
Annual Number of Responses	536,394	148,152	388,242
Annual Time Burden (Hours)	536,394	148,152	388,242
Annual Cost Burden (Dollars)	27,484,829	5,329,027	22,155,802

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: The vast majority of the time and cost burden resides with the awardee community. There are no fees associated with submitting a report, but there is an approximate estimate of 1 hour. level of effort by both the government and awardee. GSA has increased the burden hours based on the historical and actual data of awardee submissions. The estimated costs are an increase from the last renewal in 2020. The main reason is a better understanding of both government and awardee impacts. There is no evidence this is the result of awardees non-compliant with regulation.

Annual Cost to Federal Government: $600,000

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. 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: Saolmeh Ghorbani 202 501-4755

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