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View ICR - Agency Submission
OMB Control No:
ICR Reference No:
202509-3150-005
Status:
Received in OIRA
Previous ICR Reference No:
Agency/Subagency:
NRC
Agency Tracking No:
Title:
Information Collections Burden for 10 CFR Parts 30, Alternatives to the Use of Credit Ratings Final Rule
Type of Information Collection:
New collection (Request for a new OMB Control Number)
Common Form ICR:
No
Type of Review Request:
Regular
Date Submitted to OIRA:
09/05/2025
Requested
Previously Approved
Expiration Date
07/31/2027
Responses
12
0
Time Burden (Hours)
646
0
Cost Burden (Dollars)
20
0
Abstract:
FINAL RULE - Alternatives to the Use of Credit Ratings The U.S. Nuclear Regulatory Commission (NRC) is amending its regulations for approved financial assurance mechanisms for decommissioning, specifically for parent-company and self-guarantees that previously required bond ratings issued by credit rating agencies and now is replaced with a demonstration of a creditworthiness criterion. This final rule implements the provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 that directed agencies to amend their regulations to remove any reference to or requirement of reliance on credit ratings. This final rule affects applicants and licensees who are required to provide decommissioning financial assurance. The information collections associated with the final rule have been submitted under the following clearance numbers: 3150-XXXX Burden for 10 CFR Part 30, Rules of General Applicability to Domestic Licensing of Byproduct Material (this is a temporary clearance number, 3150-0017 is currently unavailable for submissions due to the Regulatory Framework for Fusion Machines proposed rule) 3150-0011 - 10 CFR Part 50, Domestic Licensing of Production and Utilization Facilities 3150-0009 - 10 CFR Part 70, Domestic Licensing of Special Nuclear Material 3150-0029 - 10 CFR Part 40, Domestic Licensing of Source Material
Authorizing Statute(s):
PL:
Pub.L. 83 - 703 1-311
Name of Law: Atomic Energy Act
Citations for New Statutory Requirements:
None
Associated Rulemaking Information
RIN:
Stage of Rulemaking:
Federal Register Citation:
Date:
3150-AJ92
Final or interim final rulemaking
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
Information Collections Burden for 10 CFR Parts 30, Alternatives to the Use of Credit Ratings Final Rule
ICR Summary of Burden
Total Request
Previously Approved
Change Due to New Statute
Change Due to Agency Discretion
Change Due to Adjustment in Estimate
Change Due to Potential Violation of the PRA
Annual Number of Responses
12
0
0
12
0
0
Annual Time Burden (Hours)
646
0
0
646
0
0
Annual Cost Burden (Dollars)
20
0
0
20
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:
The final rule changes to 10 CFR Part 30 will affect applicants during the period of this clearance. The annual estimated burden increase due to the final rule is 646 hours, covering six respondents annually. The NRC issued this final rule to amend the approved financial assurance mechanisms for decommissioning, specifically for parent-company and self-guarantees that require bond ratings issued by credit rating agencies. The rule implements the required provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. The Dodd-Frank Act directed agencies to amend their regulations to remove any reference to or requirements of reliance on credit ratings. Applicants and licensees who are required to provide decommissioning financial assurance may be impacted. The rule requires applicants and licensees that relied on bond ratings issued by credit rating agencies for their financial guarantee to instead rely on new financial tests currently provided in NRC regulations that do not contain a credit rating criterion.
Annual Cost to Federal Government:
$1,705,450
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:
Gregory Trussell 301 415-6445
Common Form ICR:
No
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(a) It is necessary for the proper performance of agency functions;
(b) It avoids unnecessary duplication;
(c) It reduces burden on small entities;
(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;
(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;
(f) It indicates the retention periods for recordkeeping requirements;
(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.
(i) It uses effective and efficient statistical survey methodology (if applicable); and
(j) It makes appropriate use of information technology.
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
Certification Date:
09/05/2025
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