[Federal Register Volume 77, Number 18 (Friday, January 27, 2012)]
[Notices]
[Pages 4373-4374]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-1711]


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OVERSEAS PRIVATE INVESTMENT CORPORATION


Submission for OMB Review; Comments Request

AGENCY: Overseas Private Investment Corporation (OPIC).

ACTION: Notice and 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 has prepared an 
information collection for OMB review and approval and has requested 
public review and comment on the submission. OPIC received no comments 
in response to the sixty (60) day notice published in Federal Register 
volume 76, number 229, page 73740 on November 29, 2011. The purpose of 
this notice is to allow an additional thirty (30) days for public 
comments to be submitted. 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 reporting the burden, including 
automated collected techniques and uses of other forms of technology.

DATES: Comments must be received within thirty (30) calendar-days of 
publication of this Notice. OPIC plans to implement this form in Fall 
2012.

ADDRESSES: Copies of the subject form may be obtained from the Agency 
Submitting Officer.

FOR FURTHER INFORMATION CONTACT: OPIC Agency Submitting Officer: Essie 
Bryant, Record Manager, Overseas Private Investment Corporation, 1100 
New York Avenue NW., Washington, DC 20527; (202) 336-8563.

Summary Form Under Review

    Type of Request: Revised form.
    Title: Sponsor Disclosure Report.
    Form Number: OPIC-129.
    Frequency of Use: Once per investor per project.
    Type of Respondents: Business or other institution (except farms); 
not-for-profit institutions.
    Standard Industrial Classification Codes: All.
    Description of Affected Public: U.S. companies or citizens 
investing overseas.
    Reporting Hours: 2100 hours (3 hours per response).
    Number of Responses: 700 per year.
    Federal Cost: $70,574.
    Authority for Information Collection: Sections 231, 234(a), 239(d), 
and 240A of the Foreign Assistance Act of 1961, as amended.
    Abstract (Needs and Uses): The information provided in the OPIC-129 
is used by OPIC as a part of the Character Risk Due Diligence/
background check procedure (similar to a commercial bank's Know Your 
Customer procedure) that it performs on each party that has a 
significant relationship (5% or more beneficial ownership, provision of 
significant credit support, significant managerial relationship) to the 
projects that OPIC finances.


[[Page 4374]]


    Dated: January 20, 2012.
Nichole Cadiente,
Administrative Counsel, Administrative Affairs, Department of Legal 
Affairs.
[FR Doc. 2012-1711 Filed 1-26-12; 8:45 am]
BILLING CODE M