06-930. Submission for OMB Review

AGENCY:

Overseas Private Investment Corporation (OPIC).

ACTION:

Request for comments.

SUMMARY:

Under the provision 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, approval, and request public review and comment on the submission. Comments are being solicited on the need for the information; the accuracy of the Agency's burden estimate; the quality, practical utility and clarity of the information to be collected; and ways to minimize the reporting burden, including automated collection techniques by using other forms of technology. The proposed form under review is summarized below.

DATES:

Comments must be received within 60 calendar days of publication of this Notice.

ADDRESSES:

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

FOR FURTHER INFORMATION CONTACT:

OPIC Agency Submitting Officer: Essie S. Bryant, Records Management Officer, Overseas Private investment Corporation, 1100 New York Avenue, NW., Washington, DC 20527; 202-336-8563.

OMB Reviewer: David Rostker, Office of Information and Regulator Affairs, Office of Management and Budget, New Executive Office Building, Docket Library, Room 10102, 725 17th Street, NW., Washington, DC 20503; [phone]

Summary Form Under Review

Type of Request: Reinstatement, with change, of a previously approved collection for which approval is expiring.

Title: Sponsor Disclosure Report.

Form Number: OPIC-129.

Frequency of Use: Once per major sponsor, per project.

Type of Respondents: Business or other institutions.

Standard Industrial Classification Codes: All.

Description of Affected Public: U.S. Companies sponsoring projects overseas.

Reporting Hours: 5 hours per project.

Number of Responses: 300 per year.

Federal Cost: $66,000 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 OPIC 129 form is the principle document used by OPIC to determine the investor's and project's eligibility, assess the environmental impact and developmental effects of the project, measure the economic effects for the United States and the host country economy, and collect information for underwriting analysis.

Dated: January 24, 2006.

Eli Landy,

Senior Counsel for Administrative Law, Department of Legal Affairs.