This collection is pre-approved assuming no major change in the rule which would affect the collection.
Inventory as of this Action
Requested
Previously Approved
12/31/2012
36 Months From Approved
03/31/2012
30
0
30
360
0
270
0
0
0
The Defense Production Act Amendments of 1992, Section 123 (P.L. 102-558), which amended Section 309 of the Defense Production Act of 1950, requires United States firms to furnish information regarding offset agreements exceeding $5,000,000 in value associated with sales of weapon systems or defense-related items to foreign countries.
PL:
Pub.L. 102 - 558 123
Name of Law: Defense Production Act Amendments
EO: EO 12919 Name/Subject of EO: National Defense Industrial Resources Preparedness
BIS is increasing the estimated burden by three hours per respondent as a result of a new requirement in the Offset Reporting Regulation that companies classify each of their offset agreements and transactions by six-digit North American Industry Classification System (NAICS) code. This will allow BIS to better utilize certain economic models to provide a more accurate assessment of the economic impact of offsets in defense trade and better fulfill its mandate under Section 309 in its annual reports to Congress.
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.