View Information Collection Request (ICR) Package

Please note that the OMB number and expiration date may not have been determined when this Information Collection Request and associated Information Collection forms were submitted to OMB. The approved OMB number and expiration date may be found by clicking on the Notice of Action link below.

View ICR - OIRA Conclusion

OMB Control No: 3235-0656	ICR Reference No: 202408-3235-003
Status: Active	Previous ICR Reference No: 202104-3235-010
Agency/Subagency: SEC	Agency Tracking No: OCR-270-600
Title: Rule 17g-7 : Reports to be made public by nationally recognized statistical rating organizations (NRSROs)
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: 10/10/2024
	Date Received in OIRA: 08/14/2024
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	10/31/2027	36 Months From Approved	10/31/2024
Responses	1,908,690	0	2,071,062
Time Burden (Hours)	641,673	0	695,253
Cost Burden (Dollars)	238,688,980	0	0

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Agency Discretion
Annual Number of Responses	1,908,690	2,071,062	-162,372
Annual Time Burden (Hours)	641,673	695,253	-53,580
Annual Cost Burden (Dollars)	238,688,980	0	238,688,980

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: Yes

Burden Reduction Due to: Miscellaneous Actions

Short Statement: The hour burden for Rule 17g-7 has decreased due to a decrease in the number of rating actions that may be impacted by the rule based on updated estimates using current data. The cost burden has mainly increased due to inflation. Costs had not been adjusted for inflation since the adoption of the rule in 2014. The decrease in the overall hour and cost burden was partially offset by an increase in the number of NRSROs from 9 to 10.

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. No

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]? Yes

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: Carmen Moncada-Terry 212 336-9111 moncadaterryc@sec.gov

Something went wrong when downloading this file. If you have any questions, please send an email to risc@gsa.gov.