[Federal Register Volume 61, Number 216 (Wednesday, November 6, 1996)]
[Notices]
[Pages 57434-57436]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-28523]
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FEDERAL TRADE COMMISSION
Submission for OMB Review; Comment Request
AGENCY: Federal Trade Commission.
ACTION: Submission to OMB; comment request.
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SUMMARY: The FTC has submitted the information collection requirements
contained in 12 current rules to OMB for review and clearance under the
Paperwork Reduction Act, 44 U.S.C. Chapter 35. On August 26, 1996, the
FTC solicited comment concerning these information collection
requirements, providing the information specified in 5 CFR
1320.5(a)(iv). 61 FR 43764. No comments were received. The current OMB
clearances for these requirements expire on December 31, 1996. The FTC
has requested that OMB extend the paperwork clearances through December
31, 1999.
DATES: Comments must be filed by December 6, 1996.
ADDRESSES: Send comments to the Office of Information and Regulatory
Affairs, Office of Management and Budget, New Executive Office
Building, Room 3228, Washington, DC 20503, ATTN: Edward Clarke, Desk
Officer for the Federal Trade Commission, and to Elaine W. Crockett,
Staff Attorney, Office of the General Counsel, Federal Trade
Commission, Washington, DC 20580, (202)-326-2453.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the proposed information requirements should be addressed to
Elaine W. Crockett at the address listed above.
SUPPLEMENTARY INFORMATION: The FTC has submitted requests for OMB
review
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of the following items. Further information concerning the entities
subject to, and the burden estimates for, these requirements can be
found at 61 FR 43764 (August 26, 1996). It should be noted that the
great majority of the disclosure requirements discussed below entail
burdens associated with statutorily required disclosure provisions. For
example, the Truth-in-Lending, Textile Act, and Fair Packaging
Regulations all involve large burden estimates, totaling approximately
69 million burden hours. Much of this burden reflects statutory
provisions that require the disclosure of such basic consumer
information as the annual percentage interest rate charged on loans,
the composition of clothing and other textile items, and the size and
content of packaged products. While the burden imposed on any
individual party is often quite small (sometimes measured in seconds),
the number of affected parties is often very high (sometimes measured
in millions), and the total burden is therefore large. See e.g., the
Regulations implementing the Equal Credit Opportunity Act, the
Electronic Fund Transfer Act, and the Consumer Leasing Act.
The great majority of the recordkeeping and reporting provisions
discussed below entail burdens that are necessary for the enforcement
of the regulation and/or statute. In some instances, these
recordkeeping requirements are statutorily mandated. See, e.g. the
regulations implementing the Fur Products Labeling Act. In most
instances, the regulated entities keep these records in the normal
course of business, and thus these recordkeeping requirements do not
impose an additional ``burden'' on members of the public. See 5 CFR
1320.3(b)(2) (burden hours exclude effort that would be expended
regardless of any regulatory requirement).
1. Collection Title: The Games of Chance Rule, 16 CFR Part 419.
OMB Control Number: 3084-0067.
Description of the collection of information and proposed use: The
Rule establishes both recordkeeping and disclosure requirements
applicable to food and gasoline retailers that conduct and advertise
games of chance. The disclosure requirements assist consumers in
determining both the likelihood of winning prizes and the legitimacy of
covered games. The recordkeeping requirements assist in enforcement of
the Rule.
Estimate of information collection burden: 8,250 total burden
hours.
2. Title: Regulations promulgated under The Equal Credit
Opportunity Act, 15 U.S.C. 1691 et seq. (``ECOA''), (``Regulation B'').
Control Number: 3084-0087.
Description of the collection of information and proposed use: The
ECOA prohibits discrimination in the extension of credit. Regulation B,
12 CFR 202, promulgated by the Board of Governors of the Federal
Reserve System, establishes both recordkeeping and disclosure
requirements to assist consumers in understanding their rights under
the ECOA and to assist in detecting unlawful discrimination.
Estimate of information collection burden: 14,400,000 total burden
hours.
3. Title: Regulations promulgated under The Electronic Fund
Transfer Act, 15 U.S.C. 1693 et seq. (``EFTA''), (``Regulation E'').
Control Number: 3084-0085.
Description of the collection of information and proposed use: The
EFTA requires accurate disclosure of the costs, terms and rights
relating to electronic fund transfer (EFT) services to consumers.
Regulation E, promulgated by the Board of Governors of the Federal
Reserve System, establishes both recordkeeping and disclosure
requirements applicable to entities providing EFT services to
consumers.
Estimate of information collection burden: 20,500,000 total burden
hours.
4. Title: Regulations promulgated under The Consumer Leasing Act,
15 U.S.C. 1667 et seq., (``CLA''), (``Regulation M'').
Control Number: 3084-0086.
Description of the collection of information and proposed use: The
CLA requires accurate disclosure of the costs and terms of leases to
consumers. Regulation M, promulgated by the Board of Governors of the
Federal Reserve System, establishes disclosure requirements that assist
consumers in understanding the terms of leases and recordkeeping
requirements that assist in enforcement of the Act.
Estimate of information collection burden: 533,400 total burden
hours.
5. Title: Regulations promulgated under The Truth-In-Lending Act,
15 U.S.C. 1601 et seq. (``TILA''), (``Regulation Z'').
Control Number: 3084-0088.
Description of collection of information and proposed use: The TILA
was enacted to foster comparison credit shopping and informed credit
decisionmaking by requiring accurate disclosure of the costs and terms
of credit to consumers. Regulation Z, promulgated by the Board of
Governors of the Federal Reserve System, establishes both recordkeeping
and disclosure requirements to assist consumers and to assist in the
enforcement of the TILA.
Estimate of Collection of information burden: 41,600,000 total
burden hours.
6. Title: Regulations under The Textile Fiber Products
Identification Act, 15 U.S.C. 70 et seq. (``Textile Act'').
Control Number: 3084-0047.
Description of the collection of information and proposed use: The
Textile Act prohibits misbranding and false advertising of textile
fiber products. The Textile Act Regulations, 16 CFR 303, establish
disclosure requirements that assist consumers in making informed
purchasing decisions, and recordkeeping requirements that assist the
Commission in enforcing the Regulations. The Regulations also contain a
petition procedure for requesting the establishment of generic names
for textile fibers.
Estimate of information collection burden: 15,500,000 total burden
hours.
7. Title: Regulations under the Wool Products Labeling Act, 5
U.S.C. 68 et seq. (``Wool Act'').
Control Number: 3084-0047.
Description of the collection of information and proposed use: The
Wool Act prohibits misbranding of wool products. The Wool Act
Regulations, 16 CFR 300, establish disclosure requirements that assist
consumers in making informed purchasing decisions and recordkeeping
requirements that assist the Commission in enforcing the Regulations.
Estimate of information collection burden: 2,291,000 total burden
hours.
8. Title: Regulations under the Fur Products Labeling Act, 15
U.S.C. 69 et seq. (``Fur Act'').
Control Number: 3084-0047.
Description of the collection of information and proposed use: The
Fur Act prohibits misbranding and false advertising of fur products.
The Fur Products Regulations, 16 CFR 301, establish disclosure
requirements that assist consumers in making informed purchasing
decisions and recordkeeping requirements that assist the Commission in
enforcing the Regulations. The Regulations also provide a procedure for
exemption from certain disclosure provisions under the Act.
Estimate of information collection burden: 137,600 total burden
hours.
9. Title: The ``900'' Number Rule, 16 CFR Part 308.
Control Number: 3084-0102.
Description of the collection of information and proposed use: As
mandated by the Telephone Disclosure and Dispute Resolution Act, 15
U.S.C. 5701-24, the 900 Number Rule establishes disclosure and
recordkeeping requirements for
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operators of pay-per-call services and common carriers who provide
telecommunication services to a provider of pay-per-call services.
Estimate of information collection burden: 3,241,200 total burden
hours.
10. Title: The Care Labeling Rule, 16 CFR Part 423.
Control Number: 3084-0103.
Description of collection of information and proposed use: To
assist consumers in making purchase decisions and in determining what
method to use to clean their apparel, the Care Labeling Rule requires
manufacturers and importers to attach a permanent care label to all
covered textile clothing. Also, manufacturers and importers of piece
goods used to make textile clothing must provide the same care
information on the end of each bolt or roll of fabric.
Estimate of information collection burden: 3,985,000 total burden
hours.
11. Title: Regulations under The Fair Packaging and Labeling Act,
15 U.S.C. 1450 (``FPLA'').
Control Number: 3084-0110.
Description of collection of information and proposed use: The FPLA
was enacted to eliminate consumer deception concerning product size
representations and package content information. The Regulations that
implement the FPLA, 16 CFR 500, establish requirements for the manner
and form of labeling applicable to manufacturers, packagers, and
distributors of consumer commodities. Section 4 of the FPLA
specifically requires packages or labels to be marked with: (1) a
statement of identity, (2) a net quantity of contents disclosure, and
(3) the name and place of business of a company that is responsible for
the product.
Estimate of information collection burden: 12,000,000 total burden
hours.
12. Title: The Fuel Rating Rule, 16 CFR Part 306.
Control Number: 3084-0068.
Description of collection of information and proposed use: The Fuel
Rating Rule establishes standard procedures for determining, certifying
and disclosing the octane rating of automotive gasoline and the
automotive fuel rating of alternative liquid automotive fuel, as
required by the Petroleum Marketing Practices Act, 15 U.S.C. 2822(a)-
(c). The Rule also requires refiners, producers, importers,
distributors and retailers to retain records of delivery tickets,
letters of certification or tests upon which automotive fuel ratings
are based.
Estimate of information collection burden: 43,000 total burden
hours.
Date received by the Federal Register: November 1, 1996.
Donald S. Clark,
Secretary.
[FR Doc. 96-28523 Filed 11-5-96; 8:45 am]
BILLING CODE 6750-01-P
