Data Collection Available for Public Comments
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
The Small Business Administration (SBA) plans to collect public feedback on its proposed data collection process for prize competitions. The information will help evaluate and administer these competitions, which aim to stimulate innovation and problem-solving.
AI-generated summary. May contain errors. Refer to official sources for legal decisions.
Key Changes
- Implementation of a public comment period for prize competition data collection
- Use of collected data to evaluate and administer SBA prize competitions
- Introduction of specific questions tailored for each competition
Obligations
What this law requires
Individuals or entities participating in prize competitions must submit their information as required to determine eligibility and evaluate entries.
The Small Business Administration must publish a notice in the Federal Register regarding the collection of information and allow 60 days for public comment.
The Small Business Administration must submit specific questions for each prize competition when it requests approval for information collection from OMB.
The Small Business Administration must provide a detailed description of the data collection process, including the phases of information collection, to OMB.
The Small Business Administration must evaluate the effectiveness and outcomes of the competition using the collected information.