[Federal Register Volume 63, Number 77 (Wednesday, April 22, 1998)]
[Notices]
[Page 19946]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-10683]



[[Page 19946]]

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INTERNATIONAL DEVELOPMENT COOPERATION AGENCY

Overseas Private Investment Corporation


Agency Report Form Under OMB Review

agency: Overseas Private Investment Corporation, IDCA.

action: 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 preparing an 
information collection request for OMB review and approval and to 
request public review and comment on the submission. Comments are being 
solicited on the need for the information, its practical utility, the 
accuracy of the Agency's burden estimate, and on ways to minimize the 
reporting burden, including automated collection techniques and uses of 
other forms of technology. The proposed form under review is summarized 
below.

dates: Comments must be received on or before June 22, 1998.

addresses: Copies of the subject form and the request for review 
prepared for submission to OMB may be obtained from the Agency 
Submitting Officer. Comments on the form should be submitted to the 
Agency Submitting Officer.

for further information contact:
    OPIC Agency Submitting Officer: Carol Brock, Records Manager, 
Overseas Private Investment Corporation, 1100 New York Avenue, N.W., 
Washington, D.C. 20527; 202/336-8563.

summary of form under review:
    Type of Request: Revision.
    Title: Request for Registration for Political Risk Investment 
Insurance.
    Form Number: OPIC 50.
    Frequency of Use: Once per investor per project.
    Type of Respondents: Business or other institutions.
    Standard Industrial Classification Codes: All.
    Description of Affected Public: U.S. Companies investing overseas.
    Reporting Hours: \1/2\ hour per project.
    Number of Responses: 850 per year.
    Federal Cost: $1060 per year.
    Authority for Information Collection: Sections 231 and 234(a) of 
the Foreign Assistance Act of 1961, as amended.
    Abstract (Needs and Uses): OPIC 50 is submitted by eligible 
investors to register their intent to make international investments, 
and ultimately, to seek OPIC insurance. By submitting Form 50 to OPIC 
prior to making an irrevocable commitment, the incentive effect of OPIC 
is demonstrated.

    Dated: April 17, 1998.
James R. Offutt,
Assistant General Counsel, Department of Legal Affairs.
[FR Doc. 98-10683 Filed 4-21-98; 8:45 am]
BILLING CODE 3210-01-M