00-11502. Submission for OMB Review; Comment Request

AGENCY:

Overseas Private Investment Corporation.

ACTION:

Request for comments.

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 has prepared an information collection request for OMB review and approval and has requested public review and comment on the submission. OPIC published its first Federal Register Notice on this information collection request on February 29, 2000, in 65 FR 10822, at which time a 60-calendar day comment period was announced. This comment period ended April 29, 2000. No comments were received in response to this notice.

This information collection submission has now been submitted to OMB for review. Comments are again 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 8, 2000.

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 OMB Reviewer.

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.

OMB Reviewer: David Rostker, Office of Information and Regulatory Affairs, Office of Management and Budget, New Executive Office Building, Docket Library, Room 10102, 725 17th Street, NW, Washington, DC 20503, 202/395-3897.

Summary of Form Under Review

Type of Request: Reinstatement, without change, of a previously approved collection for which approval is expiring.

Title: OPIC Expedited Screening Questionnaire—Downstream Investments.

Form Number: OPIC-168.

Frequency of Use: Once per project submission.

Type of Respondents: OPIC on-lending facilities.

Standard Industrial Classification Codes: All.

Description of Affected Public: OPIC on-lending facilities.

Reporting Hours: 1 hour per form.

Number of Responses: 30 per year.

Federal Cost: $160 per year.

Authority for Information Collection: Section 231 (a-1) of the Foreign Assistance Act of 1961, as amended.

Abstract (Needs and Uses): This application will be sent to OPIC's on-lending facilities. The on-lending facilities will complete the information for companies in which the facility proposes to invest. The information collected will be reviewed to determine the expected effects of the projects on the U.S. economy and employment, as well as on the environment, economic development, and worker rights abroad.

Dated: May 3, 2000.

Ralph Kaiser,

Assistant General Counsel, Administrative Affairs, Department of Legal Affairs.