99-27406. Submission for OMB Review; Comment Request

[Federal Register Volume 64, Number 202 (Wednesday, October 20, 1999)]
[Notices]
[Page 56514]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-27406]


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OVERSEAS PRIVATE INVESTMENT CORPORATION


Submission for OMB Review; Comment Request

AGENCY: Overseas Private Investment Corporation.

ACTION: Request for comments.

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SUMMARY: Under the provisions of the Paperwork Reduction Act (44 U.S.C. 
Chapter 35), agencies are required to publish a Notice in the Federal 
Register notifying the public that the Agency is preparing an 
information collection request for OMB review and approval and to 
request public review and comment on the submission. Comments are being 
solicited on the need for the information, its practical utility, the 
accuracy of the Agency's burden estimate, and on ways to minimize the 
reporting burden, including automated collection techniques and uses of 
other forms of technology. The proposed form under review is summarized 
below.

DATES: Comments must be received by December 20, 1999.

ADDRESSES: Copies of the subject form and the request for review 
prepared for submission to OMB may be obtained from the Agency 
Submitting Officer. Comments on the form should be submitted to the 
Agency Submitting Officer.

FOR FURTHER INFORMATION CONTACT: OPIC Agency Submitting Officer: Carol 
Brock, Records Manager, Overseas Private Investment Corporation, 1100 
New York Avenue, NW., Washington, DC 20527; 202/336-8563.

SUMMARY OF FORM UNDER REVIEW:
    Type of Request: Approval of a revised form combining two forms, 
one for U.S. and one for foreign sponsors, OPIC-129 (OMB 3420-0018), 
which expires 10/31/99 and OPIC-130 (OMB 3420-0017) which expires 11/
30/99, respectively. Three months expiration date extensions are being 
processed.
    Title: Sponsor Disclosure Report.
    Form Number: OPIC-129.
    Frequency of Use: Once per significant investor per project.
    Type of Respondents: Business or other institutions and 
individuals.
    Standard Industrial Classification Codes: All.
    Description of Affected Public: U.S. companies or citizens 
investing overseas.
    Reporting Hours: 6 hours per project.
    Number of Responses: 122.5 per year.
    Federal Cost: $9,800 per year.
    Authority for Information Collection: Sections 231, 234 (b) and (c) 
of the Foreign Assistance Act of 1961, as amended.
    Abstract (Needs and Uses): The Sponsor Disclosure Report is the 
principal document used by OPIC to gather information from project 
sponsors on whether a project might harm the U.S., and describes 
sponsor activities with the U.S. Government and other information for 
the underwriting and analysis of a project. It also provides 
notification of credit investigations that will be performed.

    Dated: October 14, 1999.
James R. Offutt,
Assistant General Counsel for Administrative Affairs, Department of 
Legal Affairs.
[FR Doc. 99-27406 Filed 10-19-99; 8:45 am]
BILLING CODE 3210-01-P