Parent Company Definition for Toxics Release Inventory (TRI) Reporting (Proposed Rule)
New collection (Request for a new OMB Control Number)
No
Regular
10/05/2021
Requested
Previously Approved
36 Months From Approved
21,458
0
6,151
0
0
0
EPA proposes to codify the definition of âparent companyâ for purposes of reporting to the Toxics Release Inventory (TRI). Although the existing regulation requires facilities reporting to TRI to identify their parent company in annual reporting forms, no codified definition of this data element exists. Among the facilities reporting to TRI are those with complicated corporate ownership structures. As such, effort is required each year by reporting facilities and EPA to clarify how the parent company data element should be represented on the form. A codified definition of parent company would allow EPA to address various corporate ownership scenarios explicitly and reduce the reporting burden caused by regulatory uncertainty. This proposed rule would clarify existing regulations to reporting facilities and add a foreign parent company data element, if applicable, while improving the Agencyâs data quality.
US Code:
42 USC 11023
Name of Law: Toxic Chemical Release Forms
Increase in burden is due to proposed rule to codify TRI parent company definition, including an additional data element on TRI reporting forms for reporting the highest-level foreign parent company, when applicable. Higher costs are incurred in the first year following the effective date of the rule compared to subsequent years.
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 9350-2 Parent Company Definition for TRI Reporting
2597ss01__2021-09-28.docx
Parent Company Definition for TRI Reporting