This collection
is pre-approved assuming no major change in the rule which would
affect the collection.
Inventory as of this Action
Requested
Previously Approved
12/31/2012
36 Months From Approved
03/31/2012
30
0
30
360
0
270
0
0
0
The Defense Production Act Amendments
of 1992, Section 123 (P.L. 102-558), which amended Section 309 of
the Defense Production Act of 1950, requires United States firms to
furnish information regarding offset agreements exceeding
$5,000,000 in value associated with sales of weapon systems or
defense-related items to foreign countries.
PL:
Pub.L. 102 - 558 123 Name of Law: Defense Production Act
Amendments
EO: EO 12919 Name/Subject of EO: National Defense
Industrial Resources Preparedness
BIS is increasing the estimated
burden by three hours per respondent as a result of a new
requirement in the Offset Reporting Regulation that companies
classify each of their offset agreements and transactions by
six-digit North American Industry Classification System (NAICS)
code. This will allow BIS to better utilize certain economic models
to provide a more accurate assessment of the economic impact of
offsets in defense trade and better fulfill its mandate under
Section 309 in its annual reports to Congress.
$24,963
No
No
Uncollected
Uncollected
No
Uncollected
Lawrence Hall 202-482-4895
lhall@bis.doc.gov
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:
(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;
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.