The FDIC plans to periodically conduct
prize competitions under authority of Section 24 of the
Stevenson-Wydler Technology Innovation Act of 1980 and the Federal
Deposit Insurance Act. The prize competitions usually do not
involve more than 300 respondents, generally do not require more
than 20 hours per respondent, and are always completely voluntary
in nature. It is not contemplated that more than 5 such prize
competitions will be conducted in any given year. The purpose of
the prize competitions is, in general terms, to obtain information
involving a variety of topics and challenges associated with:
underserved communities and financial inclusion; consumer
protection; the FDIC’s use of information technology and data
(including artificial intelligence and machine learning); and
financial and technologically-driven innovation in
banking.
PL:
Pub.L. 96 - 480 24 Name of Law: Stevenson-Wydler Technology
Innovation Act of 1980
US Code:
12 USC 1811 et seq. Name of Law: Federal Deposit Insurance
Act
This is a request for a new
generic information collection.
$0
No
No
No
No
No
No
Uncollected
Jennifer Jones 202 551-5776
jonesjen@sec.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.