[Federal Register Volume 65, Number 42 (Thursday, March 2, 2000)]
[Notices]
[Pages 11366-11367]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-5071]


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DEPARTMENT OF THE TREASURY


Office of International Investment; Proposed Collection; Comment 
Request

ACTION: Notice and request for comments.

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SUMMARY: The Department of the Treasury, as part of its continuing 
effort to reduce paperwork and respondent burden, invites the general 
public and other Federal agencies to take this opportunity to comment 
on proposed and/or continuing information collections, as required by 
the Paperwork Reduction Act of 1995, Public Law 104-13 (44 U.S.C. 
3506(c)(2)(A)). Currently, the Office of International Investment 
within the Department of the Treasury is soliciting comments concerning 
the information collection provisions of the Regulations Pertaining to 
Mergers, Acquisitions and Takeovers by Foreign Persons, 31 CFR 800.402.

DATES: Written comments should be received on or before May 1, 2000 to 
be assured of consideration.

ADDRESSES: Direct all written comments to Gay Sills, Director, Office 
of International Investment, Department of the Treasury, 1500 
Pennsylvania Ave., N.W., 4201NY, Washington, D.C. 20220 (Tel.: 202/622-
1860).

FOR FURTHER INFORMATION CONTACT: Jack Dempsey, Economist (Tel.: 202/
622-1860), Office of International Investment, Department of the 
Treasury, 1500 Pennsylvania Avenue, N.W., Washington, D.C. 20220; 
Francine McNulty Barber, Senior Counsel, Department of the Treasury, 
Room 2010, 1500 Pennsylvania Ave., N.W., Washington, D.C. 20220, (202/
622-1947).

SUPPLEMENTARY INFORMATION:   
    Title: Regulations Pertaining to Mergers, Acquisitions and 
Takeovers by Foreign Persons.
    OMB Number: 1505-0121.
    Abstract: The information request in this proposed collection is 
contained in section 800.402. The information collected under these 
regulations is used by the Committee on Foreign Investment in the 
United States (CFIUS), an inter-agency committee chaired by the 
Secretary of the Treasury and comprised of the Secretaries of State, 
Defense, Treasury and Commerce, the Attorney General, the U.S. Trade 
Representative, the Director of the Office of Management and Budget, 
the Chairman of the Council of Economic Advisers, and the Assistants to 
the President for National Security, National Economic Policy, and 
Science and Technology. The President has delegated to CFIUS the 
President's authority under section 721 of the Defense Production Act 
to determine the effects on the national security of acquisitions 
proposed or pending after the date of enactment (August 23, 1988) by or 
with foreign persons that could result in foreign control of persons 
engaged in interstate commerce in the United States.
    Current Actions: Extension.
    Type of Review: Extension.
    Affected Public: Foreign businesses and foreign individuals.
    Estimated Number of Responses: 100.
    Estimated Time Per Respondent: This varies, depending on individual 
circumstances, with an average of 60 hours.
    Estimated Total Annual Burden Hours: 6000 hours.

Requests for Comments

    Comments submitted in response to this notice will be summarized 
and/or included in the request for OMB approval. All comments will 
become a matter of public record. Comments are invited on: (a) Whether 
the collection of information is necessary for the proper performance 
of the functions of the agency, including whether the information shall 
have practical utility; (b) the accuracy of the agency's estimate of 
the burden of the collection of information; (c) ways to enhance the 
quality, utility, and clarity of the information to be collected; (d) 
ways to minimize the burden of the collection of information on 
respondents, including through use of automated collection techniques 
or other forms of information technology; and (e) estimates of capital 
or start-up costs and costs of operation, maintenance, and purchase of 
services to provide information.

[[Page 11367]]


    Dated: February 14, 2000.
Francine McNulty Barber,
Senior Counsel, Office of the Assistant General Counsel for 
International Affairs.
[FR Doc. 00-5071 Filed 3-1-00; 8:45 am]
BILLING CODE 4810-25-M