[Federal Register Volume 80, Number 87 (Wednesday, May 6, 2015)]
[Notices]
[Page 26105]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-10547]
=======================================================================
-----------------------------------------------------------------------
OVERSEAS PRIVATE INVESTMENT CORPORATION
Submission for OMB Review; Comments Request
AGENCY: Overseas Private Investment Corporation (OPIC).
ACTION: Notice and request for comments; correction.
-----------------------------------------------------------------------
SUMMARY: OPIC published a duplicate sixty day notice in the Federal
Register on May 1, 2015 at 80 FR 24985. This notice replaces the May
1st publication with the correct thirty day notice as required by the
Paperwork Reduction Action (44 U.S.C. Chapter 35).
Under the provisions of the Paperwork Reduction Act, agencies are
required to publish a Notice in the Federal Register notifying the
public that the agency is modifying and renewing an existing previously
approved information collection for OMB review and approval and
requests public review and comment on the submission. OPIC received no
comments in response to the sixty (60) day notice published in Federal
Register volume 80 page 10522 on February 26, 2015. 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 OPIC'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.
ADDRESSES: Mail all comments and requests for copies of the subject
form to OPIC's Agency Submitting Officer: James Bobbitt, Overseas
Private Investment Corporation, 1100 New York Avenue NW., Washington,
DC 20527. See SUPPLEMENTARY INFORMATION for other information about
filing.
FOR FURTHER INFORMATION CONTACT: OPIC Agency Submitting Officer: James
Bobbitt, (202) 336-8558.
SUPPLEMENTARY INFORMATION: All mailed comments and requests for copies
of the subject form should include form number OPIC-129 on both the
envelope and in the subject line of the letter. Electronic comments and
requests for copies of the subject form may be sent to
[email protected], subject line OPIC-129.
Summary Form Under Review
Type of Request: Revision of currently approved information
collection.
Title: Sponsor Disclosure Report.
Form Number: OPIC-129.
Frequency of Use: One per investor per project.
Type of Respondents: Business or other institution (except farms);
individuals.
Standard Industrial Classification Codes: All.
Description of Affected Public: U.S. companies or citizens
investing overseas.
Reporting Hours: 1,890 (3 hours per form).
Number of Responses: 630 per year.
Federal Cost: $64,801.80 ($51.43 x 630 x 2).
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 (10% or more beneficial ownership, provision
of significant credit support, significant managerial relationship) to
the projects that OPIC finances. The threshold has been changed from 5%
to 10% in order to make OPIC's due diligence process more efficient and
less resource intensive without significantly increasing the
reputational and project risks associated with OPIC transactions.
Dated: May 1, 2015.
Nichole Cadiente,
Administrative Counsel, Department of Legal Affairs.
[FR Doc. 2015-10547 Filed 5-5-15; 8:45 am]
BILLING CODE 3210-01-P