97-8292. Overseas Private Investment Corporation; Submission for OMB Review; Comment Request

[Federal Register Volume 62, Number 63 (Wednesday, April 2, 1997)]
[Notices]
[Pages 15727-15728]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-8292]


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INTERNATIONAL DEVELOPMENT COOPERATION AGENCY


Overseas Private Investment Corporation; Submission for OMB 
Review; Comment Request

AGENCY: Overseas Private Investment Corporation, IDCA.

ACTION: Request for comments.

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SUMMARY: At OPIC's request, the Office of Management and Budget (OMB) 
is reviewing this information collection for emergency processing for 
90 days.
    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 on or before June 2, 1997.

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: Lena Paulsen, Manager, Information 
Center, Overseas Private Investment Corporation, 1100 New York Avenue, 
N.W., Washington, D.C. 20527; 202/336-8565.

SUMMARY OF FORM UNDER REVIEW:

    Type of Request: New form.
    Title: Small Business Application for Political Risk Investment 
Insurance
    Form Number: OPIC 223.
    Frequency of Use: Once per investor per project.

[[Page 15728]]

    Type of Respondents: Small business or other institutions 
qualifying as small business under OPIC's definition (except farms); 
individuals qualifying as small business under OPIC's definition.
    Standard Industrial Classification Codes: All.
    Description of Affected Public: Small U.S. companies or citizens 
investing overseas.
    Reporting Hours: 4 hours per project.
    Number of Responses: 50 per year.
    Federal Cost: $750 per year.
    Authority for Information Collection: Section 231 and 234(a), 
239(d) and 240A of the Foreign Assistance Act of 1961, as amended.
    Abstract (Needs and Uses): The small business application is the 
principal document used by OPIC to determine the small business 
investor's and project's eligibility, assess the environmental impact 
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: March 26, 1997.
James R. Offutt,
Assistant General Counsel, Department of Legal Affairs.
[FR Doc. 97-8292 Filed 4-1-97; 8:45 am]
BILLING CODE 3210-01-M