80 FR 26105 - Submission for OMB Review; Comments Request

OVERSEAS PRIVATE INVESTMENT CORPORATION

Federal Register Volume 80, Issue 87 (May 6, 2015)

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.

[Federal Register Volume 80, Number 87 (Wednesday, May 6, 2015)]
[Notices]
[Page 26105]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-10547]


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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; correction.

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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