The Department of Commerce will submit to the Office of Management and Budget (OMB) for clearance the following proposal for collection of information under the provisions of the Paperwork Reduction Act (44 U.S.C. chapter 35).
Agency: Bureau of Industry and Security. Start Printed Page 12934
Title: Five-Year Records Retention Requirement for Export Transactions and Boycott Actions.
OMB Control Number: 0694-0096.
Form Number(s): N/A.
Type of Request: Regular submission.
Burden Hours: 248.
Number of Respondents: 84,000,892.
Average Hours per Response: 1 second to 1 minute.
Needs and Uses: All parties involved in export transactions and the U.S. party involved in a boycott action are required to maintain records of these activities for a period of five years. These records can include memoranda, correspondence, contracts, invitations to bid, books of account, financial records, restrictive trade practice or boycott documents and reports. The five-year record retention period corresponds with the five-year statute of limitations for criminal actions brought under the Export Administration Act of 1979 and predecessor acts, and the five-year statute for administrative compliance proceedings. Without this authority, potential violators could discard records demonstrating violations of the Export Administration Regulations prior to the expiration of the five-year statute of limitations.
Affected Public: Business and other for-profit organizations.
Frequency: On occasion.
Respondent's Obligation: Mandatory.
OMB Desk Officer: Jasmeet Seehra, (202) 395-3123.
Copies of the above information collection proposal can be obtained by calling or writing Diana Hynek, Departmental Paperwork Clearance Officer, (202) 482-0266, Department of Commerce, Room 6616, 14th and Constitution Avenue, NW., Washington, DC 20230 (or via the Internet at dHynek@doc.gov).
Written comments and recommendations for the proposed information collection should be sent within 30 days of publication of this notice to Jasmeet Seehra, Office of Management and Budget (OMB), by e-mail to firstname.lastname@example.org, or by fax to (202) 395-5167.Start Signature
Dated: March 3, 2011.
Management Analyst, Office of the Chief Information Officer.
[FR Doc. 2011-5276 Filed 3-8-11; 8:45 am]
BILLING CODE 3510-33-P