83 FR 24516 - Submission for OMB Review; Comments Request

OVERSEAS PRIVATE INVESTMENT CORPORATION

Federal Register Volume 83, Issue 103 (May 29, 2018)

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 renewing an existing form for information collection for OMB review and approval and requests public review and comment on the submission. OPIC received comments in response to the sixty (60) day notice and, pursuant to those comments, amended the instructions to OPIC-52 filers regarding the information to be provided in supporting documentation. 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 83, Number 103 (Tuesday, May 29, 2018)]
[Notices]
[Page 24516]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-11351]


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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, agencies 
are required to publish a Notice in the Federal Register notifying the 
public that the agency is renewing an existing form for information 
collection for OMB review and approval and requests public review and 
comment on the submission. OPIC received comments in response to the 
sixty (60) day notice and, pursuant to those comments, amended the 
instructions to OPIC-52 filers regarding the information to be provided 
in supporting documentation. 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 comments in response to the 
sixty (60) day notice published in Federal Register, volume 83, page 
9879 on March 8, 2018 and, pursuant to those comments, amended the 
instructions to OPIC-52 filers regarding the information to be provided 
in supporting documentation. All mailed comments and requests for 
copies of the subject form should include form number OPIC-52 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-52.

Summary Form Under Review

    Type of Request: Revision of a currently approved information 
collection.
    Title: Application for Political Risk Insurance.
    Form Number: OPIC-52.
    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: 135 (3 hours per form * 45 forms per year).
    Number of Responses: 45 per year.
    Federal Cost: $4,941.90 (2 hours per form * 45 forms per year * 
$54.91 (GS-14/1 DCB)).
    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 application is the principal 
document used by OPIC to determine investor and project eligibility for 
political risk insurance and to collect information for underwriting 
analysis.

    Dated: May 22, 2018.
Nichole Skoyles,
Administrative Counsel, Department of Legal Affairs.
[FR Doc. 2018-11351 Filed 5-25-18; 8:45 am]
 BILLING CODE 3210-01-P