[Federal Register Volume 84, Number 120 (Friday, June 21, 2019)]
[Notices]
[Pages 29249-29251]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-13104]
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OVERSEAS PRIVATE INVESTMENT CORPORATION
[DFC-001; DFC-002; DFC-003; DFC-004, DFC-005, DFC-006, DFC-007; DFC-
009; DFC-010; DFC-012]
Submission for OMB Review; Comments Request
AGENCY: US International Development Finance Corporation (DFC),
Overseas Private Investment Corporation (OPIC).
ACTION: Notice of information collection; request for comment.
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SUMMARY: Under the provisions of the Paperwork Reduction Act, agencies
are required to publish a Notice in the Federal Register notifying the
public that the agency is creating a new information collection for OMB
review and approval and requests public review and comment on the
submission. The agency received no comments to DFC-002, DFC-005, or
DFC-012 in response to the sixty (60) day notice. The agency did
receive comments to DFC-001, DFC-003, DFC-004, DFC-006, DFC-007, DFC-
009, and DFC-010. The purpose of this notice is to allow an additional
thirty (30) days for public comments to be submitted. Comments are
being solicited on the need for the information; the accuracy of the
burden estimate; the quality, practical utility, and clarity of the
information to be collected; and ways to minimize the reporting burden,
including automated collection techniques and uses of other forms of
technology.
DATES: DFC intends to begin use of this collection on October 1, 2019.
Comments must be received by July 15, 2019.
ADDRESSES: Comments and requests for copies of the subject information
collection may be sent by any of the following methods:
Mail: Catherine F.I. Andrade, Agency Submitting Officer,
Overseas Private Investment Corporation, 1100 New York Avenue NW,
Washington, DC 20527.
Email: [email protected].
Instructions: All submissions received must include the agency name
and agency form number for the referenced information collection(s).
Electronic submissions must include the full agency form number(s) in
the subject line to ensure proper routing. Please note that all written
comments received in response to this notice will be considered public
records.
FOR FURTHER INFORMATION CONTACT: Agency Submitting Officer: Catherine
F.I. Andrade, (202) 336-8768.
SUPPLEMENTARY INFORMATION: The Better Utilization of Investments
Leading to Development (BUILD) Act of 2018, Public Law 115-254 creates
the U.S. International Development Finance Corporation (DFC) by
bringing together the Overseas Private Investment Corporation (OPIC)
and the Development Credit Authority (DCA) office of the U.S. Agency
for International Development (USAID). Section 1465(a) of the Act tasks
OPIC staff with assisting DFC in the transition. Section 1466(a)-(b)
provides that all completed administrative actions and all pending
proceedings shall continue through the transition to the DFC.
Accordingly, OPIC is issuing this Paperwork Reduction Act notice and
request for comments on behalf of the DFC. The agency received comments
to DFC-001, DFC-003, DFC-004, DFC-006, DFC-007, DFC-009, and DFC-010,
in response to the sixty (60) day notice published in Federal Register
volume 84 page 10843 on March 22, 2019. The agency amended the
instructions to DFC-001 to make it clear that an explanation of the
project's social-developmental goals was a requirement to submission
and that supporting documentation for the application is an important
requirement. Language was added to DFC-003 requiring the applicant to
demonstrate how it will monitor a project to avoid harm to project-
affected communities, consult with project-affected communities, and
provide access to remedy for project-affected communities in the case
of negative impacts. In DFC-004, the agency added and amended language
on accountability practices. No changes were made to the remaining
collections.
Summary Forms Under Review
Title of Collection: Application for Debt Financing.
Type of Review: New information collection.
Agency Form Number: DFC-001.
OMB Form Number: Not assigned, new information collection.
Frequency: Once per investor per project.
Affected Public: Business or other for-profit; not-for-profit
institutions; individuals.
Total Estimated Number of Annual Number of Respondents: 220.
Estimated Time per Respondent: 1.5 hours.
Total Estimated Number of Annual Burden Hours: 330 hours.
Abstract: The Application for Debt Financing will be the principal
document used by the agency to determine the investor's and the
project's eligibility for debt financing and will collect information
for financial underwriting analysis.
Title of Collection: Registration for Political Risk Insurance.
Type of Review: New information collection.
Agency Form Number: DFC-002.
OMB Form Number: Not assigned, new information collection.
Frequency: Once per investor per project.
Affected Public: Business or other for-profit; not-for-profit
institutions; individuals.
Total Estimated Number of Annual Number of Respondents: 175.
Estimated Time per Respondent: 0.5 hours.
Total Estimated Number of Annual Burden Hours: 87.5 hours.
Abstract: The Registration for Political Risk Insurance will be
used by the agency to screen investors and projects for political risk
insurance. Investors will be asked to register their intention to apply
for insurance prior to making an irrevocable investment. DFC-002 will
serve as proof of this intention and any investments made prior to the
submission of a DFC-002 may be ineligible for political risk insurance
from the agency.
[[Page 29250]]
Title of Collection: Application for Political Risk Insurance.
Type of Review: New information collection.
Agency Form Number: DFC-003.
OMB Form Number: Not assigned, new information collection.
Frequency: Once per investor per project.
Affected Public: Business or other for-profit; not-for-profit
institutions; individuals.
Total Estimated Number of Annual Number of Respondents: 45.
Estimated Time per Respondent: 3 hours.
Total Estimated Number of Annual Burden Hours: 135 hours.
Abstract: The Application for Political Risk Insurance will be the
principal document used by the agency to determine the investor's and
the project's eligibility for political risk insurance and will collect
information for underwriting analysis.
Title of Collection: Investment Funds Application.
Type of Review: New information collection.
Agency Form Number: DFC-004.
OMB Form Number: Not assigned, new information collection.
Frequency: Once per investor per project.
Affected Public: Business or other for-profit; not-for-profit
institutions; individuals.
Total Estimated Number of Annual Number of Respondents: 150.
Estimated Time per Respondent: 1 hours.
Total Estimated Number of Annual Burden Hours: 150 hours.
Abstract: The Investment Funds Application will be the principal
document used by the agency to determine the investor's and the
project's eligibility for funding and will collect information for
underwriting analysis.
Title of Collection: Personal Financial Statement.
Type of Review: New information collection.
Agency Form Number: DFC-005.
OMB Form Number: Not assigned, new information collection.
Frequency: Once per investor per project.
Affected Public: Individuals.
Total Estimated Number of Annual Number of Respondents: 75.
Estimated Time per Respondent: 1 hours.
Total Estimated Number of Annual Burden Hours: 75 hours.
Abstract: The Personal Financial Statement will be supporting
documentation to the agency's Application for Debt Financing (DFC-001).
The information provided will be used by the agency to determine if
individuals who are providing equity investment in or credit support to
a project have sufficient financial wherewithal to meet their expected
obligations under the proposed terms of the agency's financing.
Title of Collection: Personal Identification Form.
Type of Review: New information collection.
Agency Form Number: DFC-006.
OMB Form Number: Not assigned, new information collection.
Frequency: Once per party per project.
Affected Public: Business or other for-profit; not-for-profit
institutions; individuals.
Total Estimated Number of Annual Number of Respondents: 500.
Estimated Time per Respondent: 1 hours.
Total Estimated Number of Annual Burden Hours: 500 hours.
Abstract: The Personal Identification Form will used by the agency
in its Character Risk Due Diligence procedures, which are similar to a
commercial bank's Know Your Customer procedures. The agency will
perform a robust due diligence review on each party that has a
significant relationship to the projects the agency supports and this
collection is one aspect of that review.
Title of Collection: DFC Impact Assessment Questionnaire.
Type of Review: New information collection.
Agency Form Number: DFC-007.
OMB Form Number: Not assigned, new information collection.
Frequency: Once per investor per project.
Affected Public: Business or other for-profit; not-for-profit
institutions; individuals.
Total Estimated Number of Annual Number of Respondents: 230.
Estimated Time per Respondent: 2.8 hours.
Total Estimated Number of Annual Burden Hours: 644 hours.
Abstract: The DFC Impact Assessment Questionnaire is the principal
document used by the agency to initiate the assessment of the project's
development impact, as well as the project's ability to comply with
environmental and social policies, including labor and human rights, as
consistent with the agency's authorizing legislation.
Title of Collection: Aligned Capital Investor Screener.
Type of Review: New information collection.
Agency Form Number: DFC-009.
OMB Form Number: Not assigned, new information collection.
Frequency: Once per investor.
Affected Public: Business or other for-profit; not-for-profit
institutions; individuals.
Total Estimated Number of Annual Number of Respondents: 50.
Estimated Time per Respondent: 0.33 hours.
Total Estimated Number of Annual Burden Hours: 16.5 hours.
Abstract: The Aligned Capital Investor Screener is a document used
to screen potential investors interested in participating in the
agency's Aligned Capital Program and, if they qualify, to place their
information into the program. The Aligned Capital Program is designed
to align development finance with other capital, including
philanthropic, socially responsible and impact investment, to enable
effective deployment of that capital towards projects in the countries
and sectors in which the agency works. In order to participate,
investors must meet the specified criteria.
Title of Collection: Aligned Capital Investee Opt-In.
Type of Review: New information collection.
Agency Form Number: DFC-010.
OMB Form Number: Not assigned, new information collection.
Frequency: Once per investor per project.
Affected Public: Business or other for-profit; not-for-profit
institutions; individuals.
Total Estimated Number of Annual Number of Respondents: 75.
Estimated Time per Respondent: 0.5 hours.
Total Estimated Number of Annual Burden Hours: 37.5 hours.
Abstract: The Aligned Capital Investee Opt-In is a document used by
companies seeking investments or grant funding to place their
information into the agency's Aligned Capital Program. The Aligned
Capital Program is designed to align development finance with other
capital, including philanthropic, socially responsible and impact
investment, to enable effective deployment of that capital towards
projects in the countries and sectors in which the agency works.
Title of Collection: Economic Questionnaire.
Type of Review: New information collection.
Agency Form Number: DFC-012.
OMB Form Number: Not assigned, new information collection.
Frequency: Once per investor per project.
[[Page 29251]]
Affected Public: Business or other for-profit; not-for-profit
institutions; individuals.
Total Estimated Number of Annual Number of Respondents: 100.
Estimated Time per Respondent: 1.5 hours.
Total Estimated Number of Annual Burden Hours: 150 hours.
Abstract: The Economic Questionnaire is to be used on an as needed
basis to collect information about potential exports of DFC-supported
projects.
Dated: June 17, 2019.
Genevieve Stubbs,
Senior Administrative Counsel, Department of Legal Affairs.
[FR Doc. 2019-13104 Filed 6-20-19; 8:45 am]
BILLING CODE 3210-01-P