[Federal Register Volume 66, Number 85 (Wednesday, May 2, 2001)]
[Notices]
[Page 22054]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-10956]


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OVERSEAS PRIVATE INVESTMENT CORPORATION


Submission for OMB review; Comment Request

AGENCY: Overseas Private Investment Corporation.

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 msut be received on or before July 2, 2001.

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, NW., Washington, DC 20527; 202/336-8563.

Summary of Form Under Review

    Type of Request: Form Renewal.
    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: $1,600 per year.
    Authority for Information Collection: Sections 231 and 234(a) of 
the Foreign Assistance Act of 1961, as amended.
    Abstract (Needs and Uses): The OPIC 50 form 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 27, 2001.
Rumu Sarkar,
Assistant General Counsel, Administrative Affairs, Department of Legal 
Affairs.
[FR Doc. 01-10956 Filed 5-1-01; 8:45 am]
BILLING CODE 3210--1-M