Federal Register #2026-12289

Department of Labor requests public comment on information collection for Prohibited Transaction Class Exemption 1985-68

This opportunity is a request for public comment from the Department of Labor (DOL), Employee Benefits Security Administration (EBSA), regarding information collection for Prohibited Transaction Class Exemption 1985-68. - Government Buyer: - Department of Labor (DOL) - Employee Benefits Security Administration (EBSA) - Purpose: - Soliciting public feedback on the necessity, accuracy, and burden of information collection related to Prohibited Transaction Class Exemption 1985-68 - The exemption allows employee benefit plans to invest in customer notes of employers, subject to recordkeeping requirements - No procurement of products or services is involved - No OEMs, vendors, or product/service line items are mentioned - No unique or notable procurement requirements are present

Description

The Department of Labor is submitting an information collection request to the Office of Management and Budget for review and approval. This request relates to Prohibited Transaction Class Exemption 1985-68, which permits employee benefit plans to invest in customer notes of employers. The exemption includes recordkeeping provisions requiring plans to maintain records related to these investments. Public comments are invited on the information collection, with a comment deadline of July 20, 2026.

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