96-29461. Public Hearing  

  • [Federal Register Volume 61, Number 223 (Monday, November 18, 1996)]
    [Notices]
    [Pages 58702-58703]
    From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
    [FR Doc No: 96-29461]
    
    
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    OVERSEAS PRIVATE INVESTMENT CORPORATION
    
    
    Public Hearing
    
    AGENCY: Overseas Private Investment Corporation.
    
    ACTION: Notice of public hearing.
    
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    SUMMARY: This notice sets forth the schedule and requirements for 
    participation in an annual public hearing to be conducted by the 
    Overseas Private Investment Corporation (OPIC) on December 12, 1996. 
    This hearing is required by the OPIC Amendments Act of 1985, and this 
    notice is being published to facilitate public participation. The 
    notice also describes OPIC and the subject matter of the hearing.
    
    DATES: The hearing will be held on December 12, 1996, and will begin 
    promptly at 2 p.m. Prospective participants must submit to OPIC before 
    close of business November 28, 1996, notice of their intent to 
    participate.
    
    ADDRESSES: The location of the hearing will be: Overseas Private 
    Investment Corporation, 1100 New York Avenue NW., 12th Floor, 
    Washington, DC. Notices and prepared statements should be sent to 
    Harvey Himberg, Financial Management and Statutory Review Department, 
    Overseas Private Investment Corporation, 1100 New York Avenue NW., 
    Washington, DC 20527.
    
    Procedure
    
        (a) Attendance; Participation. The hearing will be open to the 
    public. However, a person wishing to present views at the hearing must 
    provide OPIC with advance notice on or before November 28, 1996. The 
    notice must include the name, address and
    
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    telephone number of the person who will make the presentation, the name 
    and address of the organization which the person represents (if any) 
    and a concise summary of the subject matter of the presentation.
        (b) Prepared Statements. Any particular wishing to submit a 
    prepared statement for the record must submit it to OPIC with the 
    notice or, in any event, not later than 5 p.m. on December 5, 1996. 
    Prepared statements must be typewritten, double spaced and may not 
    exceed twenty-five (25) pages.
        (c) Duration of Presentations. Oral presentations will in no event 
    exceed ten (10) minutes, and the time for individual presentations may 
    be reduced proportionately, if necessary, to afford all prospective 
    participants on a particular subject an opportunity to be heard or to 
    permit all subjects to be covered.
        (d) Agenda. Upon receipt of the required notices, OPIC will prepare 
    an agenda for the hearing setting forth the subject or subjects on 
    which each participant will speak and the time allotted for each 
    presentation. OPIC will provide each prospective participant with a 
    copy of the agenda.
        (e) Publication of Proceedings. A verbatim transcript of the 
    hearing will be compiled. The transcript will be available to members 
    of the public at the cost of reproduction.
    
    SUPPLEMENTARY INFORMATION: OPIC is a U.S. Government agency which 
    provides, on a commercial basis, political risk insurance and financing 
    in friendly developing countries and emerging democracies for 
    environmentally sound projects which confer positive developmental 
    benefits upon the project country while creating employment in the U.S. 
    OPIC is required by section 231A(b) of the Foreign Assistance Act of 
    1961, as amended (``the Act'') to hold at least one public hearing each 
    year.
        Among other issues, OPIC's annual public hearing has, in previous 
    years, provided a forum for testimony concerning section 231A(a) of the 
    Act. This section provides that OPIC may operate its programs only in 
    those countries that are determined to be ``taking steps to adopt and 
    implement laws that extend internationally recognized worker rights to 
    workers in that country (including any designated zone in that 
    country).''
        Based on consultations with Congress, OPIC complies with annual 
    determinations made by the Executive Branch with respect to worker 
    rights for countries that are eligible for the Generalized System of 
    Preferences (GSP). Any country for which GSP eligibility is revoked on 
    account of its failure to take steps to adopt and implement 
    internationally recognized worker rights is subject concurrently to the 
    suspension of OPIC programs until such time as a favorable worker 
    rights determination can be made.
        For non-GSP countries in which OPIC operates its programs, OPIC 
    reviews any country which is the subject of a formal challenge at its 
    annual public hearing. To qualify as a formal challenge, testimony must 
    pertain directly to the worker rights requirements of the law as 
    defined in OPIC's 1985 reauthorizing legislation (P.L. 99-204) with 
    reference to the Trade Act of 1974, as amended, and be supported by 
    factual information.
    
    FOR FURTHER INFORMATION ABOUT THE PUBLIC HEARING CONTACT:
    Harvey A. Himberg, Financial Management and Statutory Review 
    Department, Overseas Private Investment Corporation, 1100 New York 
    Avenue NW Washington, DC 20527 (202) 336-8614 or by facsimile at (202) 
    218-0177.
    
        Dated: November 13, 1996.
    Richard C. Horanburg,
    Department of Investment Development.
    [FR Doc. 96-29461 Filed 11-15-96; 8:45 am]
    BILLING CODE 3210-01-M
    
    
    

Document Information

Published:
11/18/1996
Department:
Overseas Private Investment Corporation
Entry Type:
Notice
Action:
Notice of public hearing.
Document Number:
96-29461
Dates:
The hearing will be held on December 12, 1996, and will begin promptly at 2 p.m. Prospective participants must submit to OPIC before close of business November 28, 1996, notice of their intent to participate.
Pages:
58702-58703 (2 pages)
PDF File:
96-29461.pdf