[Federal Register Volume 68, Number 140 (Tuesday, July 22, 2003)]
[Notices]
[Pages 43400-43401]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-18618]


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Overseas Private Investment Corporation


Agency Report Form Under OMB Review

AGENCY: Overseas Private Investment Corporation (OPIC).

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 has

[[Page 43401]]

prepared an information collection request for OMB review and approval 
and has requested public review and comment on the submission. OPIC 
published its first Federal Register notice on this information 
collection request on May 16, 2003, in Vol 68, No. 95 FR 26679, at 
which time a 60-day comment period was announced. This comment period 
ended July 17, 2003. No comments were received in response to this 
notice.
    This information collection submission has now been submitted to 
OMB for emergency processing review. Comments are again 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, OMB control number 3420-0011, 
under review is summarized below.

DATES: Comments must be received on or before August 21, 2003.

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 OMB 
reviewer.

FOR FURTHER INFORMATION CONTACT: 
    OPIC Agency Submitting Officer: Bruce I. Campbell, Records 
Management Officer, Overseas Private Investment Corporation, 1100 New 
York Avenue, NW., Washington, DC 20527; 202/336-8563.
    OMB Reviewer: David Rostker, Office of Information and Regulatory 
Affairs, Office of Management and Budget, New Executive Office 
Building, Docket Library, Room 10102, 725 17th Street, NW., Washington, 
DC 20503; 202/395-3897.
    Summary Form Under Review:
    Type of Request: Revised form.
    Title: Application for Political Risk Investment Insurance.
    Form Number: OPIC-52.
    Frequency of Use: Once per investor per project.
    Type of Respondents: Business or other institution (except farms); 
individuals.
    Standards Industrial Classification Codes: All.
    Descriptions of Affected Public: U.S. companies or citizens 
investing overseas.
    Reporting Hours: 7 hours per project.
    Number of Responses: 150 per year.
    Federal Cost: $28,350.
    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 principle 
document used by OPIC to determine the investor's and project's 
eligibility for political risk insurance, assess the environmental 
impact and the developmental effects of the project, measure the 
economic effects for the U.S. and the host country economy, and collect 
information for the insurance underwriting analysis.

    Dated: July 17, 2003.
Eli Landy,
Senior Counsel, Administrative Affairs, Department of Legal Affairs.
[FR Doc. 03-18618 Filed 7-21-03; 8:45 am]
BILLING CODE 3210-01-M