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View ICR - OIRA Conclusion

OMB Control No: 3235-0720	ICR Reference No: 202412-3235-004
Status: Active	Previous ICR Reference No: 202110-3235-014
Agency/Subagency: SEC	Agency Tracking No: CF 270-662
Title: Form 1-K
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: 01/16/2025
	Date Received in OIRA: 12/11/2024
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	01/31/2028	36 Months From Approved	01/31/2025
Responses	353	0	36
Time Burden (Hours)	158,850	0	16,200
Cost Burden (Dollars)	31,770,000	0	2,160,000

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Adjustment in Estimate
Annual Number of Responses	353	36	317
Annual Time Burden (Hours)	158,850	16,200	142,650
Annual Cost Burden (Dollars)	31,770,000	2,160,000	29,610,000

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: The increase of 142,650 burden hours and the increase in cost burden of $29,610,000 are due to two adjustments: the first is an increase of 317 in the number of respondents filing Forms 1-K over the last three-year period ended December 31, 2023 (i.e., an average 30% yearly increase); and the second is the change in the hourly cost per respondent. Based on our estimate, we calculate the burden hours adjustment increase to be 142,650—calculated, as follows: 75% x 600 hours per response x 317 responses. Also, the Commission increased the cost burden per hour estimate from $400 per hour to $600 per hour for outside counselors.

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: Pearl Crawley 202 551-3256 crawleyp@sec.gov

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