Free Annual File Disclosures Rule

Forms and Documents

Document Name	Status
Justification Statement for Reducing Previously Cleared FTC Burden Estimate_mtd.pdf Justification for No Material/Nonsubstantive Change	2011-12-07

IC Document Collections

IC ID	Document Title	Status
32353	Free Annual File Disclosures Rule	Modified
190925	One-time burden to reconfigure websites (re: proposed Rule amendments)	Modified

ICR Details

OMB Control No: 3084-0128	ICR Reference No: 201112-3084-008
Status: Historical Active	Previous ICR Reference No: 201003-3084-003
Agency/Subagency: FTC	Agency Tracking No:
Title: Free Annual File Disclosures Rule
Type of Information Collection: No material or nonsubstantive change to a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 02/03/2012
	Date Received in OIRA: 12/07/2011
Terms of Clearance: Federal Trade Commission ("FTC") is reducing burden estimates/changes based on the shared enforcement jurisdiction for this rule with the Consumer Financial Protection Board ("CFPB") under the Dodd-Frank Act. CFPB has incorporated into its recently submitted burden estimates.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	11/30/2012	11/30/2012	11/30/2012
Responses	13,345,001	0	26,690,003
Time Burden (Hours)	155,512	0	311,036
Cost Burden (Dollars)	4,195,000	0	8,390,000

---

Abstract: Because the Federal Trade Commission ("FTC") has shared enforcement jurisdiction for this rule with the Consumer Financial Protection Board ("CFPB") under the Dodd-Frank Act, the CFPB has incorporated into its recently submitted burden estimates for this rule half of the FTC's pre-existing cleared burden estimates. OMB granted emergency clearance to the CFPB. Accordingly, the FTC is submitting this ICR to reduce its own current burden totals by roughly one-half (the second IC required rounding otherwise because one-half the number of respondents would not yield a whole number).

---

Authorizing Statute(s): Statute at Large: 123 Stat. 1734 Name of Statute: Credit Card Accountability Responsibility and Disclosure Act of 2009
   US Code: 16 USC 1681 Name of Law: Fair Credit Reporting Act
  

Citations for New Statutory Requirements: PL: Pub.L. 111 - 203 1029 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act

---

Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
3084-AA94	Not associated with rulemaking	75 FR 9726	03/03/2010

---

Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? No

---

Number of Information Collection (IC) in this ICR: 2

IC Title	Form No.	Form Name
One-time burden to reconfigure websites (re: proposed Rule amendments)
Free Annual File Disclosures Rule

---

ICR Summary of Burden

	Total Approved	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	13,345,001	26,690,003	-13,345,002	0	0	0
Annual Time Burden (Hours)	155,512	311,036	-155,524	0	0	0
Annual Cost Burden (Dollars)	4,195,000	8,390,000	-4,195,000	0	0	0

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: In recognition of the Dodd-Frank Act amendments, this requested adjustment would reduce by roughly one-half the FTC's previously cleared burden estimate to correlate with the FTC's shared, overlapping enforcement jurisdiction with the CFPB for this rule.

---

Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? 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? Uncollected

---

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: 12/07/2011

---