OMB files this comment in accordance with 5 CFR 1320.11(c) of the Paperwork Reduction Act and is withholding approval of this collection at this time. This OMB action is not an approval to conduct or sponsor an information collection under the Paperwork Reduction Act of 1995. The agency shall examine public comment in response to the Notice of Proposed Rulemaking and will include in the supporting statement of the next ICR, to be submitted to OMB at the final rule stage, a description of how the agency has responded to any public comments on the ICR. This action has no effect on any current approvals.
Inventory as of this Action
Requested
Previously Approved
36 Months From Approved
0
0
0
0
0
0
0
0
0
This Information Collection Request (ICR) includes all additional Renewable Fuel Standard (RFS) related information collection activities resulting from the Modifications to Fuel Regulations to Provide Flexibility for E15; Modifications to RFS RIN Market Regulations proposed rulemaking. These information collection activities include new recordkeeping and reporting requirements proposed under 40 CFR Part 80, subpart M. All other RFS-related information collection will continue to be conducted under EPA ICR No. 2546.01, OMB Control Number 2060-NEW.
The NPRM proposes reforms to the RFS RIN market in an effort to improve market functioning and transparency. The proposed reforms include:
⢠Requiring public disclosure when RIN holdings exceed a certain threshold.
⢠Increasing the RFS compliance frequency to quarterly.
⢠Limiting which parties can purchase RINs.
⢠Limiting the duration of RIN holdings by non-obligated parties.
⢠Taking additional steps to improve EPAâs market monitoring capabilities.
Taken together, these proposed reforms seek to discourage manipulative behavior in the RIN market including instances of RIN hoarding and false price reporting while offering EPA better insight into how the RIN market operates.
This is the first time this IC is being proposed. Once the rule is finalized, EPA intends to merge this ICR into the consolidated RFS ICR (EPA ICR No. 2546.01, OMB Control Number 2060-NEW) and modify the burden levels recorded there accordingly.
$158,000
No
No
No
No
No
No
Uncollected
Thomas Boylan 202 564-1075
No
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.
Form RFS010 Annual and quarterly reporting and recordkeeping requirements for all parties that participate in the RFS RIN market
2592t01.xlsx
2592ss01.docx
Annual and quarterly reporting and recordkeeping requirements for all parties that participate in the RFS RIN market