[Federal Register Volume 80, Number 127 (Thursday, July 2, 2015)]
[Notices]
[Page 38241]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-16263]
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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 is modifying an existing
information collection for OMB review and approval and requests public
review and comment on the submission. 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.
The proposed changes to OPIC-248 clarifies existing questions,
incorporates sector-specific development impact questions, and
eliminates ineffective questions in an effort to harmonize development
impact indicators with other Development Finance Institutions
(``DFIs''). OPIC is a signatory to a ``Memorandum of Understanding''
with 25 partnering DFIs to harmonize developmental impact metrics where
possible. The goal of this effort is to reduce the burden on clients
that seek financing from multiple DFIs and to instill best practices in
the collection and the reporting on OPIC's developmental impacts. In
order to minimize the reporting burden on respondents, OPIC has
designed OPIC-248 as an electronic form that has multiple drop-down
options, in which the respondent only responds to questions that are
applicable to their investment.
DATES: Comments must be received within sixty (60) 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-248] 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-248].
Summary Form Under Review
Type of Request: Revision of a currently approved information
collection.
Title: Office of Investment Policy Questionnaire.
Form Number: OPIC-248.
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: 644 (2.8 hours per form).
Number of Responses: 230 per year.
Federal Cost: $28,389.
Authority for Information Collection: Sections [231, 231A, 239(d),
and 240A] of the Foreign Assistance Act of 1961, as amended.
Abstract (Needs and Uses): The Office of Investment Policy
Questionnaire is the principal document used by OPIC to prepare a
developmental impact profile and determine the projected impact on the
United States, as well as to determine the project's compliance with
environmental and labor policies, as consistent with OPIC's authorizing
legislation.
Dated: June 26, 2015.
Nichole Skoyles,
Administrative Counsel, Department of Legal Affairs.
[FR Doc. 2015-16263 Filed 7-1-15; 8:45 am]
BILLING CODE 3210-01-P