23 Jun 2025

🏦OCC Community Development Information Collection Renewal Request

Agency Information Collection Activities: Information Collection Renewal; Comment Request; Community and Economic Development Entities, Community Development Projects, and Other Public Welfare Investments

Summary

The OCC, as part of its continuing effort to reduce paperwork and respondent burden, invites comment on a continuing information collection, as required by the Paperwork Reduction Act of 1995 (PRA). In accordance with the requirements of the PRA, the OCC may not conduct or sponsor, and the respondent is not required to respond to, an information collection unless it displays a currently valid Office of Management and Budget (OMB) control number. The OCC is soliciting comment concerning the renewal of its information collection titled, "Community and Economic Development Entities, Community Development Projects, and Other Public Welfare Investments."

Agencies

  • Treasury Department
  • Comptroller of the Currency

Business Impact ?

$$ - Med

The text involves a request for comments regarding an information collection on community and economic development, which implies compliance and regulatory requirements for businesses, particularly banks engaging in public welfare investments. This can significantly impact investment strategies and regulatory obligations.

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