[Federal Register Volume 80, Number 127 (Thursday, July 2, 2015)]
[Notices]
[Page 38241]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-16263]


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OVERSEAS PRIVATE INVESTMENT CORPORATION


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 an existing 
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.
    The proposed changes to OPIC-248 clarifies existing questions, 
incorporates sector-specific development impact questions, and 
eliminates ineffective questions in an effort to harmonize development 
impact indicators with other Development Finance Institutions 
(``DFIs''). OPIC is a signatory to a ``Memorandum of Understanding'' 
with 25 partnering DFIs to harmonize developmental impact metrics where 
possible. The goal of this effort is to reduce the burden on clients 
that seek financing from multiple DFIs and to instill best practices in 
the collection and the reporting on OPIC's developmental impacts. In 
order to minimize the reporting burden on respondents, OPIC has 
designed OPIC-248 as an electronic form that has multiple drop-down 
options, in which the respondent only responds to questions that are 
applicable to their investment.

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-248] 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-248].

Summary Form Under Review

    Type of Request: Revision of a currently approved information 
collection.
    Title: Office of Investment Policy Questionnaire.
    Form Number: OPIC-248.
    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.
    Reporting Hours: 644 (2.8 hours per form).
    Number of Responses: 230 per year.
    Federal Cost: $28,389.
    Authority for Information Collection: Sections [231, 231A, 239(d), 
and 240A] of the Foreign Assistance Act of 1961, as amended.
    Abstract (Needs and Uses): The Office of Investment Policy 
Questionnaire is the principal document used by OPIC to prepare a 
developmental impact profile and determine the projected impact on the 
United States, as well as to determine the project's compliance with 
environmental and labor policies, as consistent with OPIC's authorizing 
legislation.

    Dated: June 26, 2015.
Nichole Skoyles,
Administrative Counsel, Department of Legal Affairs.
[FR Doc. 2015-16263 Filed 7-1-15; 8:45 am]
BILLING CODE 3210-01-P