MARAD Updates Financial Reporting for Borrowers
Published Date: 4/29/2025
Notice
Summary
MARAD wants to keep collecting financial info from groups that borrow money or get help from them. They updated the paperwork to include mailing costs and are asking for your thoughts before renewing the approval. If you’re involved, now’s the time to speak up—this could affect how much time and money you spend on reports.
Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
MARAD continues financial reporting
If your organization borrows money from or receives financial help from the Maritime Administration (MARAD), MARAD intends to keep collecting detailed financial reports under OMB control number 2133-0005. The public burden estimate for this information collection was updated to include mailing costs for respondents, which could increase the time and money you spend preparing and sending reports. MARAD is requesting comments before seeking renewal under the Paperwork Reduction Act of 1995.
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