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4262 Federal Register / Vol. 65, No.

17 / Wednesday, January 26, 2000 / Notices

Construction Safety and Health OSHA’s Directorate of Construction at SUPPLEMENTARY INFORMATION:


(ACCSH) will meet on February 17, (202) 693–1839.
Interested persons may submit written I. Background
2000, at the Holiday Inn O’Hare
International, 5440 North River Road, data, views or comments, preferably Prohibited Transaction Class
Rosemont, IL. This meeting is open to with 20 copies, to Veneta Chatmon, at Exemption 90–1 provides an exemption
the public. the address above. Submissions from certain provisions of the Employee
TIMES, DATES, ROOMS: ACCSH will meet received prior to the meeting will be Retirement Income Security Act of 1974
from 8 a.m. to Noon, Thursday, provided to ACCSH and will be (ERISA) for certain transactions
February 17. ACCSH work groups will included in the record of the meeting. involving insurance company pooled
meet from 8 a.m. to 5 p.m., Monday, Signed at Washington, DC this 19th day of separate accounts in which employee
February 14. January, 2000. benefit plans participate and which are
Charles N. Jeffress, otherwise prohibited by ERISA.
SUPPLEMENTARY INFORMATION: For
Assistant Secretary of Labor. Specifically, the exemption allows
further information contact Veneta persons who are parties in interest of a
Chatmon, Office of Public Affairs, Room [FR Doc. 00–1780 Filed 1–25–00; 8:45 am]
plan that invests in a pooled separate
N–3647, telephone (202) 693–1999, at BILLING CODE 4510–26–P
account to engage in transactions with
the Occupational Safety and Health the separate account if the plan’s
Administration, 200 Constitution participation in the separate account
Avenue, NW, Washington, DC 20210. DEPARTMENT OF LABOR
does not exceed specified limits. In
An official record of the meeting will order to ensure that the exemption is
be available for public inspection at the Pension and Welfare Benefits
Administration not abused, that the rights of
OSHA Docket Office, Room N–2625, participants and beneficiaries are
telephone 202–693–2350. All ACCSH Proposed Extension of Information protected, and that certain conditions
meetings and those of its work groups Collection; Comment Request; are met, the Department requires that
are open to the public. Individuals Prohibited Transaction Exemption records regarding the exempted
needing special accommodation should 90–1 transaction be maintained for six years.
contact Veneta Chatmon no later than
February 1, 2000, at the above address. ACTION: Notice. II. Desired Focus of Comments
ACCSH was established under section The Department is particularly
107(e)(1) of the Contract Work Hours SUMMARY: The Department of Labor (the
Department), as part of its continuing interested in comments which
and Safety Standards Act (40 U.S.C. • Evaluate whether the proposed
333) and section 7(b) of the effort to reduce paperwork and
collection of information is necessary
Occupational Safety and Health Act of respondent burden, conducts a
for the proper performance of the
1970 (29 U.S.C. 656). preclearance consultation program to
functions of the agency, including
The agenda items include: provide the general public and Federal
whether the information will have
• Remarks by the Assistant Secretary agencies with an opportunity to
practical utility;
comment on proposed and continuing
for the Occupational Safety and Health • Evaluate the accuracy of the
Administration Charles N. Jeffress. collections of information in accordance
agency’s estimate of the burden of the
• ACCSH Work Group Updates, with the Paperwork Reduction Act of
proposed collection of information,
including: 1995 (PRA 95) (44 U.S.C. 3506(c)(2)(A)).
including the validity of the
• Musculoskeletal Disorders, This helps to ensure that requested data
methodology and assumptions used;
• Fall Protection, can be provided in the desired format, • Enhance the quality, utility, and
• Sanitation, reporting burden (time and financial clarity of the information to be
• Process Safety Management. resources) is minimized, collection collected; and
• Open Forum—Public questions, instruments are clearly understood, and • Minimize the burden of the
complaints and compliments are the impact of collection requirements on collection of information on those who
welcome. respondents can be properly assessed. are to respond, including through the
The following ACCSH Work Groups Currently, the Pension and Welfare use of appropriate automated,
are scheduled to meet at the Holiday Inn Benefits Administration is soliciting electronic, mechanical, or other
O’Hare International on Monday, comments concerning the extension of technological collection techniques or
February 14: the information collection requests (ICR) other forms of information technology,
• Fall Protection—8–10 a.m. incorporated in Prohibited Transaction e.g., permitting electronic submission of
• Multi-employer citation policy— Class Exemption 90–1, involving responses.
10:15 a.m.–12:15 p.m. insurance company pooled separate
• Sanitation—1–3 p.m. accounts. A copy of the ICR may be III. Current Action
• Musculoskeletal Disorders—3:15– obtained by contacting the office listed This exemption provides individuals
5:15 p.m. in the addresses section of this notice. or entities which are parties in interest
The Training Work Group is DATES: Written comments must be to a plan that invests in an insurance
scheduled to meet on Wednesday, submitted to the office shown in the company pooled separate account with
February 16 at the OSHA Training addresses section below on or before the ability to engage in transactions with
Institute, 1555 Times Drive, Des Plaines, March 27, 2000. the separate account and to avoid
IL. ADDRESSES: Gerald B. Lindrew, Office of potential hardships and possible
Other workgroups may meet after Policy and Research, U.S. Department of fiduciary liability under ERISA. For the
adjournment of the ACCSH meeting on Labor, Pension and Welfare Benefits Department to grant an exemption,
Thursday, February 17, 2000. Administration, 200 Constitution however, plan participants and
For further information on ACCSH Avenue, NW, Room N–5647, beneficiaries must be protected. The
activities and scheduling please refer to Washington, D.C. 20210. Telephone: Department therefore included certain
the OSHA Web site at http:// (202) 219–4782; Fax: (202) 219–4745. exemption conditions, one of which
www.osha.gov or call Jim Boom in These are not toll-free numbers. requires that records of a transaction

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Federal Register / Vol. 65, No. 17 / Wednesday, January 26, 2000 / Notices 4263

between the party in interest to a plan agencies with an opportunity to are to respond, including through the
and the insurance company pooled comment on proposed and continuing use of appropriate automated,
separate account be kept by the collections of information in accordance electronic, mechanical, or other
insurance company for six years from with the Paperwork Reduction Act of technological collection techniques or
the date of the transaction. The majority 1995 (PRA 95) (44 U.S.C. 3506(c)(2)(A)). other forms of information technology,
of this recordkeeping is considered to be This helps to ensure that requested data e.g., permitting electronic submission of
usual business practice in the insurance can be provided in the desired format, responses.
industry. Without this ICR, the report burden (time and financial
resources) is minimized, collection III. Current Action
Department would be unable to
effectively enforce the terms of the instruments are clearly understood, and This existing collection of information
exemption, insure user compliance, and the impact of collection requirements on should be continued because without
protect the interests of participants and respondents can be properly assessed. the relief provided by this exemption,
beneficiaries. Currently, the Pension and Welfare foreign exchange transactions between a
Type of Review: Extension of Benefits Administration is soliciting bank or an affiliate thereof and an
currently approved collections of comments concerning the extension of employee benefit plan with respect to
information. the information collection requests (ICR) which the bank or an affiliate is a
Agency: Pension and Welfare Benefits incorporated in Prohibited Transaction trustee, custodian, fiduciary, or other
Administration. Class Exemption 94–20, Purchases and party in interest would violate certain
Title: Prohibited Transaction Sales of Foreign Currencies. A copy of provisions of the Act. Specifically,
Exemption 90–1—Pooled Separate the ICR may be obtained by contacting individuals or entities which are parties
Accounts. the office listed in the addresses section in interest with respect to a plan would
OMB Number: 1210–0083. of this notice. not be permitted to engage in a purchase
Recordkeeping: Six years. DATES: Written comments must be or sale of foreign currencies between the
Affected Public: Individuals or submitted to the office shown in the bank, broker-dealer, or a affiliate thereof
households; Business or other for-profit; addresses section below on or before and an employee benefit plan, thus
Not-for-profit institutions. March 27, 2000. creating a potential hardship to those
Total Respondents: 128. ADDRESSES: Gerald B. Lindrew, Office of affected. The exemption has one basic
Average Time per Response: 5 Policy and Research, U.S. Department of information collection condition—the
minutes. Labor, Pension and Welfare Benefits bank or broker-dealer or affiliates
Estimated Total Burden Hours: 11 Administration, 200 Constitution thereof are required to maintain within
hours. Avenue, NW, Room N–5647, territories under the jurisdiction of the
This notice requests comments on the Washington, D.C. 20210. Telephone: United States Government, for a period
extension of the ICR included in (202) 219–4782; Fax: (202) 219–4745. of six years from the date of the
Prohibited Transaction Class Exemption These are not toll-free numbers. transaction, records of the foreign
90–1. The Department is not proposing SUPPLEMENTARY INFORMATION: exchange transaction. Without such
or implementing changes to the existing records, the Department would be
ICR at this time. Comments received in I. Background
unable to effectively enforce the terms
response to this notice will be Prohibited Transaction Class of the exemption, insure user
summarized and/or incorporated in the Exemption 94–20 permits the purchase compliance, and protect the interests of
submission to OMB for continued and sale of foreign currencies between employee benefit plan participants and
clearance of the ICR; they will also an employee benefit plan and a bank or beneficiaries.
become a matter of public record. a broker-dealer or an affiliate thereof Type of Review: Extension of
Dated: January 20, 2000. that is a party in interest with respect to currently approved collections of
such plan. In the absence of this information.
Gerald B. Lindrew,
exemption, certain aspects of these Agency: Pension and Welfare Benefits
Deputy Director, Office of Policy and
transactions could be prohibited by Administration.
Research, Pension and Welfare Benefits
Administration. section 406(a) of the Employee Title: Prohibited Transaction Class
Retirement Security Act of 1974 (the Exemption 94–20, Purchases and Sales
[FR Doc. 00–1782 Filed 1–25–00; 8:45 am]
Act). of Foreign Currencies.
BILLING CODE 4510–29–M
II. Desired Focus of Comments OMB Number: 1210–0085.
The Department is particularly Recordkeeping: Six years.
DEPARTMENT OF LABOR interested in comments which— Affected Public: Individuals or
• Evaluate whether the proposed households; Business or other for-profit;
Pension and Welfare Benefits Not-for-profit institutions.
collection of information is necessary
Administration Total Respondents: 35.
for the proper performance of the
functions of the agency, including Average Time per Response: 5
Proposed Extension of Information minutes.
Collection; Comment Request; whether the information will have
practical utility; Total Responses: 175.
Prohibited Transaction Exemption 94–
20 • Evaluate the accuracy of the Estimated Total Burden Hours: 15.
agency’s estimate of the burden of the This notice requests comments on the
ACTION: Notice. proposed collection of information, extension of the ICR included in
including the validity of the Prohibited Transaction Class Exemption
SUMMARY: The Department of Labor (the methodology and assumptions used; 94–20. The Department is not proposing
Department), as part of its continuing • Enhance the quality, utility, and or implementing changes to the existing
effort to reduce paperwork and clarity of the information to be ICR at this time. Comments submitted in
respondent burden, conducts a collected; and response to this notice will be
preclearance consultation program to • Minimize the burden of the summarized and/or included in the
provide the general public and Federal collection of information on those who request for OMB approval of the

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