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LillllllllilllllliOMB APPROVAL OMB Nu miser: 32350123 Expires: August31,2020 Estimated average burden FN18006556.ANNUAL AUDITED RE FORM X17A5gg%RThoursperresponse......12.00 SEC ELT.ENUMBERPART Ilia.48560FACING

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What is lillllllllilllllli omb approval?

Lillllllllilllllli OMB approval refers to the process by which the Office of Management and Budget (OMB) reviews and approves information collection requests from federal agencies, ensuring that the data collection is necessary and not overly burdensome.

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Federal agencies that want to collect information from the public or from other federal agencies are required to file for OMB approval.

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To fill out the OMB approval request, agencies must prepare a detailed justification for the information collection, including the purpose, methodology, and the expected burden on respondents, and submit the request through the OMB's designated portal.

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The purpose of OMB approval is to ensure that the information collection is essential for the proper performance of the agency's functions and that it avoids unnecessary duplication and minimizes burden on the public.

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The information that must be reported includes the title of the information collection, the purpose, the need for the data, the respondent burden, methods of data collection, and any proposed changes to existing collections.