[Federal Register Volume 80, Number 38 (Thursday, February 26, 2015)]
[Notices]
[Pages 10522-10523]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-04026]


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OVERSEAS PRIVATE INVESTMENT CORPORATION

[OPIC-129; OMB-3420-0018]


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 (44 U.S.C. 
Chapter 35), agencies are required to publish a Notice in the Federal 
Register notifying the public that the agency is modifying and renewing 
an existing previously approved information collection for OMB review 
and approval and requests public review and comment on the submission. 
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 sixty (60) 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: All mailed comments and requests for copies 
of the subject form should include form number OPIC-129 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-129.

Summary Form Under Review

    Type of Request: Revision of currently approved information 
collection.
    Title: Sponsor Disclosure Report.
    Form Number: OPIC-129.
    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.

[[Page 10523]]

    Reporting Hours: 1890 (3 hours per response).
    Number of Responses: 630 per year.
    Federal Cost: $64,801.80 ($51.43 x 630 x 2).
    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 information provided in the OPIC-129 
is used by OPIC as a part of the Character Risk Due Diligence/
background check procedure (similar to a commercial bank's Know Your 
Customer procedure) that it performs on each party that has a 
significant relationship (10% or more beneficial ownership, provision 
of significant credit support, significant managerial relationship) to 
the projects that OPIC finances. The only change being made is to 
adjust the threshold from 5% to 10% in order to make OPIC's due 
diligence process more efficient and less resource intensive without 
significantly increasing the reputational and project risks associated 
with OPIC transactions.

    Dated: February 23, 2015.
Nichole Cadiente,
Administrative Counsel, Department of Legal Affairs.
[FR Doc. 2015-04026 Filed 2-25-15; 8:45 am]
BILLING CODE 3210-01-P