[Federal Register Volume 80, Number 159 (Tuesday, August 18, 2015)]
[Notices]
[Pages 50051-50052]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-20223]
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OVERSEAS PRIVATE INVESTMENT CORPORATION
[OPIC-129, OMB-3420-0018]
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
previously approved information collection for OMB review and approval
and requests
[[Page 50052]]
public review and comment on the submission. OPIC received no comments
in response to the sixty (60) day notice published in Federal Register
on June 12, 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: OPIC received no comments in response to the
sixty (60) day notice published in Federal Register volume 80 page
33571 on June 12, 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.
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: 1890 (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 questions on the form have been
updated to improve OPIC's due diligence process and the format has been
modified to make it easier for employees to review.
Dated: August 11, 2015.
Nichole Skoyles,
Administrative Counsel, Department of Legal Affairs.
[FR Doc. 2015-20223 Filed 8-17-15; 8:45 am]
BILLING CODE 3210-01-P