Proposed Collection; Comment Request for Iranian Financial Sanctions Regulations Report on Closure by U.S. Financial Institutions of Correspondent Accounts and Payable-Through Accounts
| Published date | 21 December 2018 |
| Record Number | 2018-27623 |
| Court | Foreign Assets Control Office |
65802
Federal Register / Vol. 83, No. 245 / Friday, December 21, 2018 / Notices
7
Information on State-specific strategic highway
safety plans is available at https://
safety.fhwa.dot.gov/shsp/other_resources.cfm.
8
Information on FHWA proven safety
countermeasures is available at: https://
safety.fhwa.dot.gov/provencountermeasures/.
highway safety plan.
7
INFRA projects
will be required to incorporate
appropriate elements that respond to
priority areas identified in that plan and
are likely to yield safety benefits.
Second, INFRA projects will incorporate
appropriate safety-related activities that
the Federal Highway Administration
(FHWA) has identified as ‘‘proven safety
countermeasures’’ due to their history of
demonstrated effectiveness.
8
After selecting INFRA recipients, the
Department will work with those
recipients on a project-by-project basis
to determine the specific safety
requirements that are appropriate for
each award.
b. Other Administrative and Policy
Requirements
All INFRA awards will be
administered pursuant to the Uniform
Administrative Requirements, Cost
Principles and Audit Requirements for
Federal Awards found in 2 CFR part
200, as adopted by USDOT at 2 CFR part
1201. A project carried out under the
INFRA program will be treated as if the
project is located on a Federal-aid
highway. All INFRA projects are subject
to the Buy America requirement at 23
U.S.C. 313. Additionally, applicable
Federal laws, rules and regulations of
the relevant operating administration
administering the project will apply to
the projects that receive INFRA grants,
including planning requirements,
Stakeholder Agreements, and other
requirements under the Department’s
other highway, transit, rail, and port
grant programs. For an illustrative list of
the applicable laws, rules, regulations,
executive orders, policies, guidelines,
and requirements as they relate to an
INFRA grant, please see http://
www.ops.fhwa.dot.gov/Freight/
infrastructure/nsfhp/fy2016_gr_exhbt_c/
index.htm.
The applicability of Federal
requirements to a project may be
affected by the scope of the NEPA
reviews for that project. For example,
under 23 U.S.C. 313(g), Buy America
requirements apply to all contracts that
are eligible for assistance under title 23,
United States Code, and are carried out
within the scope of the NEPA finding,
determination, or decision regardless of
the funding source of such contracts if
at least one contract is funded with Title
23 funds.
3. Reporting
a. Progress Reporting on Grant Activity
Each applicant selected for an INFRA
grant must submit the Federal Financial
Report (SF–425) on the financial
condition of the project and the project’s
progress, as well as an Annual Budget
Review and Program Plan to monitor the
use of Federal funds and ensure
accountability and financial
transparency in the INFRA program.
b. Reporting of Matters Related to
Integrity and Performance
If the total value of a selected
applicant’s currently active grants,
cooperative agreements, and
procurement contracts from all Federal
awarding agencies exceeds $10,000,000
for any period of time during the period
of performance of this Federal award,
then the applicant during that period of
time must maintain the currency of
information reported to the System for
Award Management (SAM) that is made
available in the designated integrity and
performance system (currently the
Federal Awardee Performance and
Integrity Information System (FAPIIS))
about civil, criminal, or administrative
proceedings described in paragraph 2 of
this award term and condition. This is
a statutory requirement under section
872 of Public Law 110–417, as amended
(41 U.S.C. 2313). As required by section
3010 of Public Law 111–212, all
information posted in the designated
integrity and performance system on or
after April 15, 2011, except past
performance reviews required for
Federal procurement contracts, will be
publicly available.
G. Federal Awarding Agency Contacts
For further information concerning
this notice, please contact the Office of
the Secretary via email at INFRAgrants@
dot.gov. For other INFRA program
questions, please contact Paul Baumer
at (202) 366–1092. A TDD is available
for individuals who are deaf or hard of
hearing at 202–366–3993. In addition,
up to the application deadline, the
Department will post answers to
common questions and requests for
clarifications on USDOT’s website at
https://www.transportation.gov/
buildamerica/INFRAgrants. To ensure
applicants receive accurate information
about eligibility or the program, the
applicant is encouraged to contact
USDOT directly, rather than through
intermediaries or third parties, with
questions.
H. Other Information
1. Protection of Confidential Business
Information
All information submitted as part of,
or in support of, any application shall
use publicly available data or data that
can be made public and methodologies
that are accepted by industry practice
and standards, to the extent possible. If
the application includes information the
applicant considers to be a trade secret
or confidential commercial or financial
information, the applicant should do the
following: (1) Note on the front cover
that the submission ‘‘Contains
Confidential Business Information
(CBI)’’; (2) mark each affected page
‘‘CBI’’; and (3) highlight or otherwise
denote the CBI portions.
The Department protects such
information from disclosure to the
extent allowed under applicable law. In
the event the Department receives a
Freedom of Information Act (FOIA)
request for the information, USDOT will
follow the procedures described in its
FOIA regulations at 49 CFR 7.17. Only
information that is ultimately
determined to be confidential under that
procedure will be exempt from
disclosure under FOIA.
2. Publication of Application
Information
Following the completion of the
selection process and announcement of
awards, the Department intends to
publish a list of all applications
received along with the names of the
applicant organizations and funding
amounts requested. Except for the
information properly marked as
described in Section H.1., the
Department may make application
narratives publicly available.
Issued in Washington, DC, on December
17, 2018.
Elaine L. Chao,
Secretary of Transportation.
[FR Doc. 2018–27695 Filed 12–20–18; 8:45 am]
BILLING CODE 4910–9X–P
DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
Proposed Collection; Comment
Request for Iranian Financial
Sanctions Regulations Report on
Closure by U.S. Financial Institutions
of Correspondent Accounts and
Payable-Through Accounts
AGENCY
: Office of Foreign Assets
Control, Treasury.
VerDate Sep<11>2014 00:00 Dec 21, 2018 Jkt 247001 PO 00000 Frm 00181 Fmt 4703 Sfmt 4703 E:\FR\FM\21DEN1.SGM 21DEN1
amozie on DSK3GDR082PROD with NOTICES1
65803
Federal Register / Vol. 83, No. 245 / Friday, December 21, 2018 / Notices
1
On March 1, 2018, OFAC created a new list,
titled the List of Foreign Financial Institutions
Subject to Correspondent Account or Payable-
Through Account Sanctions (the ‘‘CAPTA List’’).
The CAPTA List will include foreign financial
institutions subject to correspondent or payable-
through account sanctions pursuant to sanctions
authorities including the Ukraine Freedom Support
Act of 2014, as amended by the Countering
America’s Adversaries Through Sanctions Act, and
the North Korea Sanctions Regulations, 31 CFR part
510, as well as the specific strict conditions or
prohibitions to which the foreign financial
institutions are subject. It eventually will be
expanded to include foreign financial institutions
subject to correspondent or payable-through
account sanctions pursuant to additional
authorities, including the Iranian Financial
Sanctions Regulations, 31 CFR part 561, which are
currently identified on OFAC’s Part 561 List. At
that time, by separate action, OFAC will move the
name of the foreign financial institution on the Part
561 List, along with the relevant prohibition or
strict condition(s) to which the foreign financial
institution is subject, to the CAPTA List. This will
not impact the relevant reporting requirement.
ACTION
: Notice and request for
comments.
SUMMARY
: The Department of the
Treasury, as part of its continuing effort
to reduce paperwork and respondent
burden, invites the general public and
other federal agencies to comment on
proposed and/or continuing information
collections, as required by the
Paperwork Reduction Act of 1995.
Currently, the Office of Foreign Assets
Control (OFAC) within the Department
of the Treasury is soliciting comments
concerning OFAC’s Iranian Financial
Sanctions Regulations Report on
Closure by U.S. Financial Institutions of
Correspondent Accounts and Payable-
Through Accounts.
DATES
: Written comments must be
submitted on or before February 19,
2019 to be assured of consideration.
ADDRESSES
: You may submit comments
by any of the following methods:
Federal eRulemaking Portal:
www.regulations.gov. Follow the
instructions on the website for
submitting comments.
Fax: Attn: Request for Comments
(Iranian Financial Sanctions Regulations
Report on Closure by U.S. Financial
Institutions of Correspondent Accounts
and Payable-Through Accounts) 202–
622–1759.
Mail: Attn: Request for Comments
(Iranian Financial Sanctions Regulations
Report on Closure by U.S. Financial
Institutions of Correspondent Accounts
and Payable-Through Accounts), Office
of Foreign Assets Control, Department
of the Treasury, 1500 Pennsylvania
Avenue NW, Washington, DC 20220.
Instructions: All submissions received
must include the agency name and the
Federal Register Doc. number that
appears at the end of this document.
Comments received will be made
available to the public via
regulations.gov or upon request, without
change and including any personal
information provided.
FOR FURTHER INFORMATION CONTACT
:
OFAC: Assistant Director for Licensing,
tel.: 202–622–2480; Assistant Director
for Regulatory Affairs, tel.: 202–622–
4855; Assistant Director for Sanctions
Compliance & Evaluation, tel.: 202–622–
2490; or the Department of the
Treasury’s Office of the Chief Counsel
(Foreign Assets Control), Office of the
General Counsel, tel.: 202–622–2410.
SUPPLEMENTARY INFORMATION
:
Title: Iranian Financial Sanctions
Regulations Report on Closure by U.S.
Financial Institutions of Correspondent
Accounts and Payable-Through
Accounts.
OMB Number: 1505–0243.
Abstract: Section 561.504(b) of the
Iranian Financial Sanctions Regulations,
31 CFR part 561 (the IFSR), specifies
that a U.S. financial institution that
maintained a correspondent account or
payable-through account for a foreign
financial institution whose name is
added to the Part 561 List
1
on OFAC’s
website (www.treasury.gov/ofac) as
subject to a prohibition on the
maintaining of such accounts must file
a report with OFAC that provides full
details on the closing of each such
account within 30 days of the closure of
the account. This collection of
information assists in verifying that U.S.
financial institutions are complying
with prohibitions on maintaining
correspondent accounts or payable-
through accounts for foreign financial
institutions listed on the Part 561 List.
The reports will be reviewed by the U.S.
Department of the Treasury and may be
used for compliance and enforcement
purposes by the agency.
Current Actions: There are no changes
being made to the notice at this time.
Type of Review: Extension of a
currently approved collection.
Affected Public: U.S. financial
institutions operating correspondent
accounts or payable-through accounts
for foreign financial institutions.
Estimated Number of Respondents:
The likely respondents and record-
keepers affected by this collection of
information in section 561.504(b) are
U.S. financial institutions operating
correspondent accounts or payable
through accounts for foreign financial
institutions. Since the date this
reporting requirement was added to the
IFSR (February 27, 2012) through June
18, 2015, OFAC added the names of two
foreign financial institutions to the Part
561 List, of which one remains. No
foreign financial institution was added
to the Part 561 List during the current
reporting period (through December 15,
2018), and the number of respondents to
this collection has been zero. For future
notices, OFAC will continue to report
retrospectively on the number of
respondents during the reporting
period.
Estimated Time per Respondent: 2
hours per response.
Estimated Total Annual Burden
Hours: While no responses are expected,
an estimate of 1 response (2 hours) is
being included to account for the
possibility that someone could have to
provide a notification in the future.
Request for Comments
Comments submitted in response to
this notice will be summarized and/or
included in the request for OMB
approval. All comments will become a
matter of public record. Comments are
invited on: (a) Whether the collection of
information is necessary for the proper
performance of the functions of the
agency, including whether the
information has practical utility; (b) the
accuracy of the agency’s estimate of the
burden of the collection of information,
including the validity of the
methodology and assumptions used; (c)
ways to enhance the quality, utility, and
clarity of the information to be
collected; (d) ways to minimize the
burden of the collection of information
on respondents, including through the
use of automated collection techniques
or other forms of information
technology; and (e) estimates of capital
or start-up costs and costs of operation,
maintenance, and purchase of services
to provide information.
Approved: December 17, 2018.
Andrea Gacki,
Director, Office of Foreign Assets Control.
[FR Doc. 2018–27623 Filed 12–20–18; 8:45 am]
BILLING CODE 4810–AL–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Extension of Information
Collection Request Submitted for
Public Comment; Comment Request
for Form 8038–T
AGENCY
: Internal Revenue Service (IRS),
Treasury.
ACTION
: Notice and request for
comments.
SUMMARY
: The Internal Revenue Service,
as part of its continuing effort to reduce
paperwork and respondent burden,
invites the public and other Federal
agencies to take this opportunity to
VerDate Sep<11>2014 00:00 Dec 21, 2018 Jkt 247001 PO 00000 Frm 00182 Fmt 4703 Sfmt 4703 E:\FR\FM\21DEN1.SGM 21DEN1
amozie on DSK3GDR082PROD with NOTICES1
