80 FR 58793 - Submission for OMB Review; Comments Request

OVERSEAS PRIVATE INVESTMENT CORPORATION

Federal Register Volume 80, Issue 189 (September 30, 2015)

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 public review and comment on the submission. OPIC received no comments in response to the sixty (60) day notice. 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. The proposed changes to OPIC-248 clarify existing questions, incorporate sector-specific development impact questions, and eliminate 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.

[Federal Register Volume 80, Number 189 (Wednesday, September 30, 2015)]
[Notices]
[Pages 58793-58794]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-24798]


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OVERSEAS PRIVATE INVESTMENT CORPORATION

[OPIC-248, OMB 3420-0032]


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 public review and comment on the submission. OPIC received 
no comments in response to the sixty (60) day notice. 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.

[[Page 58794]]

    The proposed changes to OPIC-248 clarify existing questions, 
incorporate sector-specific development impact questions, and eliminate 
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 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 
38241 on July 2, 2015. 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 OPIC248.

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), 
239(h), 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: September 25, 2015.
Nichole Skoyles,
Administrative Counsel, Department of Legal Affairs.
[FR Doc. 2015-24798 Filed 9-29-15; 8:45 am]
 BILLING CODE 3210-01-P