In the September 28, 2021 edition of the Federal Register, the US Environmental Protection Agency (EPA) proposed to codify the definition of “parent company” for purposes of reporting to the Toxics Release Inventory (TRI). This proposed rule would clarify existing regulations to reporting facilities and add a foreign parent company data element, if applicable, while improving the EPA’s data quality.
Although the existing regulation requires facilities reporting to TRI to identify their parent company in annual reporting forms, no codified definition of this data element exists. Among the facilities reporting to TRI are those with complicated corporate ownership structures. As such, effort is required each year by reporting facilities and EPA to clarify how the parent company data element should be represented on the form. A codified definition of parent company would allow EPA to address various corporate ownership scenarios explicitly and reduce the reporting burden caused by regulatory uncertainty.
Comments must be received on or before November 29, 2021. Under the Paperwork Reduction Act, comments on the information collection provisions are best assured of consideration if the Office of Management and Budget (OMB) receives a copy of your comments on or before October 28, 2021. Submit your comments, identified by docket identification (ID) number EPA-HQ-OPPT-2018-0155, using the Federal eRulemaking Portal. Follow the online instructions for submitting comments.
Red-on-line provides personalized regulatory monitoring to help you to maintain compliance with changing EHS regulations. Click here to learn more about our software and regulatory update services, and to subscribe to our regulatory update newsletter.