Federal Register #2026-20058

Commerce seeks OMB review of five-year export and boycott records-retention requirement

The Department of Commerce is seeking review of an existing export and boycott records-retention information collection, not purchasing products or services. - Government buyer and offices: U.S. Department of Commerce, Bureau of Industry and Security (BIS); review requested from the Office of Management and Budget (OMB). - Information collection: “Five-Year Records Retention Requirement for Export Transactions and Boycott Actions.” - Who is covered: Parties involved in exporting, reexporting, transshipping, or diverting items subject to the Export Administration Regulations, and U.S. parties involved in export transactions with reportable boycott requests. - Requirement: Retain relevant records for five years. - Estimated burden: 100,000 respondents and 23,383 total burden hours; responses occur as needed, with an estimated one to 60 seconds per response. - Products, services, OEMs, and vendors: None requested or identified. The notice invites public comments on the information collection.

Description

The Department of Commerce’s Bureau of Industry and Security is requesting review and approval of an extension of the current information collection for the five-year records retention requirement for export transactions and boycott actions. Parties involved in exporting, reexporting, transshipping, or diverting items subject to the Export Administration Regulations, and U.S. parties involved in export transactions involving reportable boycott requests, must retain relevant records for five years. The notice invites public comments within 30 days of publication. The collection lists 100,000 respondents and an estimated total burden of 23,383 hours.

View original listing