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View ICR - OIRA Conclusion

OMB Control No: 3235-0286	ICR Reference No: 202409-3235-012
Status: Active	Previous ICR Reference No: 202305-3235-013
Agency/Subagency: SEC	Agency Tracking No: CF 270-110
Title: Regulation A (Form 1-A): Small Issuer exemption from registration under the Securities Act and its attendant form
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: 11/14/2024
	Date Received in OIRA: 09/20/2024
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	11/30/2027	36 Months From Approved	11/30/2024
Responses	325	0	205
Time Burden (Hours)	174,859	0	110,296
Cost Burden (Dollars)	34,971,885	0	14,798,702

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Adjustment in Estimate
Annual Number of Responses	325	205	120
Annual Time Burden (Hours)	174,859	110,296	64,563
Annual Cost Burden (Dollars)	34,971,885	14,798,702	20,173,183

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: This increase of 64,563 reporting burden hours and the increase of $20,173,183 in cost burden is due to adjustments. The increase in both the burden hours and cost burden reflect an increase in number of respondents filing Form 1-A under Regulation A per year from 205 issuers per year to 325 issuers per year. Also, the increase in cost burden is due to a change in how the Commission calculates the burden from using an estimate hourly cost of $400 to $600 for outside legal and accounting services used in connection with public company reporting.

Annual Cost to Federal Government: $131,724,880

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: Steven Hearne 703 551-3248

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