This PDF is the current document as it appeared on Public Inspection on 04/28/2014 at 08:45 am.
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 (BIS).
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 (extension of a currently approved information collection).
Number of Respondents: 1,800,412.
Average Hours per Response: 1 minute.
Burden Hours: 30,007.
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 may be retained in an electronic format or in paper form and include export control documents and other documents described in Section 762 of the Export Administration Regulations (EAR). The five-year record retention period corresponds with the five-year statute of limitations for criminal actions brought under the International Emergency Economic Powers Act, 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 EAR prior to the expiration of the five-year statute of limitations.
Affected Public: Businesses and other for-profit organizations.
Frequency: On occasion.
Respondent's Obligation: Required to obtain benefits.
This information collection request may be viewed at reginfo.gov. Follow the instructions to view Department of Commerce collections currently under review by OMB.
Written comments and recommendations for the proposed information collection should be sent within 30 days of publication of this notice to OIRA_Submission@omb.eop.gov or fax to (202) 395-5806.Start Signature
Dated: April 23, 2014.
Management Analyst, Office of the Chief Information Officer.
[FR Doc. 2014-09671 Filed 4-28-14; 8:45 am]
BILLING CODE 3510-33-P