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OMB Control No: 0704-0694	ICR Reference No: 202408-0704-004
Status: Active	Previous ICR Reference No:
Agency/Subagency: DOD/DODDEP	Agency Tracking No: 0704-OSCL
Title: Office of Strategic Capital Loan Application Part 1 and Application Part 2
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 without change	Conclusion Date: 09/23/2024
	Date Received in OIRA: 08/20/2024
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	09/30/2027	36 Months From Approved
Responses	60	0	0
Time Burden (Hours)	1,150	0	0
Cost Burden (Dollars)	66,475	0	0

Abstract: Section 903 of the NDAA authorizes the Office of Strategic Capital (“OSC”), established within the Department of Defense’s (“DOD”) Office of the Under Secretary of Defense for Research and Engineering (OUSD(R&E)), to implement a pilot program to provide direct loans and loan guarantees to eligible entities. These investments are for technologies that fall within specified covered technology categories and have potential applications beyond defense. The eligibility and selection criteria for investments include the extent to which an investment supports U.S. national security or economic interests, the likelihood that direct loans would accelerate the investment, and the creditworthiness of the investment. To properly underwrite the loans and assure that the loans satisfy these requirements, OSC must collect comprehensive information from entities seeking funding. This is accomplished through a two-part application process, where Application Part 1 gathers basic information for a preliminary assessment of whether the project is eligible, and Application Part 2 uses in-depth financial and technical information on the project's economic viability and economic benefits to confirm eligibility and assess alignment with OSC’s strategic program priorities and requirements. OSC will consult with the Office of Management and Budget on Application Part 1 findings and will, on a case-by-case basis, invite potential borrowers to submit an Application Part 2. OSC must collect Application Part 1 and Application Part 2 from entities seeking funding. OSC will issue a Notice of Funding Availability (“NOFA”) to provide entities with an opportunity to submit applications.

Authorizing Statute(s): US Code: 10 USC 149 Name of Law: Office of Strategic Capital
PL: Pub.L. 118 - 31 903 Name of Law: National Defense Authorization Act for Fiscal Year 2024

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 50303	06/13/2024
30-day Notice:	Federal Register Citation:	Citation Date:
	89 FR 67426	08/20/2024
Did the Agency receive public comments on this ICR? No

Number of Information Collection (IC) in this ICR: 2

IC Title	Form No.	Form Name
Application Part 1
Application Part 2

ICR Summary of Burden

	Total Approved	Change Due to Agency Discretion
Annual Number of Responses	60	60
Annual Time Burden (Hours)	1,150	1,150
Annual Cost Burden (Dollars)	66,475	66,475

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 with a new associated burden.

Annual Cost to Federal Government: $776,925

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: Nicholas Schuff 757 817-7203 nicholas.a.schuff.ctr@mail.mil

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