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OMB Control No: 1505-0282	ICR Reference No: 202411-1505-002
Status: Active	Previous ICR Reference No: 202407-1505-002
Agency/Subagency: TREAS/DO	Agency Tracking No:
Title: Outbound Investment Notifications
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: 02/24/2025
	Date Received in OIRA: 11/27/2024
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	02/29/2028	36 Months From Approved
Responses	318	0	0
Time Burden (Hours)	28,620	0	0
Cost Burden (Dollars)	0	0	0

Abstract: On August 9, 2023, the President issued Executive Order 14105, “Addressing United States Investments in Certain National Security Technologies and Products in Countries of Concern,” 88 FR 54867 (the Outbound Order), pursuant to his authority under the Constitution and the laws of the United States, including the International Emergency Economic Powers Act (IEEPA) (50 U.S.C. 1701 et seq.), the National Emergencies Act (50 U.S.C. 1601 et seq.), and section 301 of title 3, United States Code. In the Outbound Order, the President declared a national emergency to address the threat to the United States posed by countries of concern, which seek to develop and exploit sensitive technologies or products critical for military, intelligence, surveillance, or cyber-enabled capabilities. The Outbound Order directs the Secretary of the Treasury to issue regulations to prohibit or require notification of certain types of transactions by a U.S. person involving a person of a country of concern that is engaged in certain activities involving specific categories of advanced technologies and products. The Outbound Order also authorizes the Secretary of the Treasury to exempt from applicable prohibitions or notification requirements any transaction or transactions determined to be in the national interest of the United States and to investigate and make requests for information relative to notifiable or prohibited transactions. The Outbound Order identifies three categories of national security technologies and products: semiconductors and microelectronics, quantum information technologies, and artificial intelligence. In an Annex to the Outbound Order, the President identified the People’s Republic of China, along with the Special Administrative Regions of Hong Kong and Macau, as a country of concern. The Outbound Order directs the Secretary of the Treasury to issue regulations that identify categories of notifiable transactions that involve the national security technologies and products that the Secretary, in consultation with the Secretary of Commerce and, as appropriate, the heads of other relevant agencies, determines may contribute to the threat to the national security of the United States identified in the Outbound Order. U.S. persons are required to notify the Department of the Treasury (Treasury) of each such transaction and include relevant information about the transaction in each notification. On November 15, 2024, Treasury published a final rule (Final Rule), 89 FR 90398, to implement the Outbound Order. As relevant to this Supporting Statement, the Final Rule requires U.S. persons to submit a notification with respect to (i) any “notifiable transaction”, as defined in the Final Rule; (ii) any transaction by a controlled foreign entity that would be a notifiable transaction if engaged in by a U.S. person; and (iii) any transaction for which a U.S. person acquires actual knowledge after the completion date of the transaction that the transaction would have been a prohibited or notifiable transaction if such knowledge had been possessed by the relevant U.S. person at the time of the transaction. Such notification will include relevant details on the U.S. person involved in the transaction as well as information about the transaction and the covered foreign person involved. The Final Rule requires any U.S. person that has filed a notification to respond to any questions or document requests from Treasury related to the transaction or compliance with the Final Rule; maintain a copy of the notification filed and supporting documentation for a period of ten years from the date of the filing; and notify Treasury in writing of any material omission or inaccuracy in a previous submission.

Authorizing Statute(s): US Code: 50 USC 1701 et seq. Name of Law: International Emergency Economic Powers Act
   US Code: 50 USC 1601 et seq. Name of Law: National Emergencies Act
   EO: EO 14105 Name/Subject of EO: Addressing United States Investments in Certain National Security Technologies and Products in Count

Citations for New Statutory Requirements: None

Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
1505-AC82	Final or interim final rulemaking	89 FR 90398	11/15/2024

Federal Register Notices & Comments
Did the Agency receive public comments on this ICR? No

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

IC Title	Form No.	Form Name
Outbound Investment Notifications	None

ICR Summary of Burden

	Total Approved	Change Due to Agency Discretion
Annual Number of Responses	318	318
Annual Time Burden (Hours)	28,620	28,620
Annual Cost Burden (Dollars)	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Changing Regulations

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: This is a request for a new OMB Control Number in connection with the Final Rule.

Annual Cost to Federal Government: $13,000,000

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. 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]? 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: Meena Sharma 999 999-9999

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