Submission for OMB Review; Comment Request

OVERSEAS PRIVATE INVESTMENT CORPORATION

Submission for OMB Review; Comment Request

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 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 October 20, 1999, in 64 FR #202, p. 56514, at which time a

60-calendar day comment period was announced. This comment period ended

December 20, 1999. No comments were received in response to this

Notice.

This information collection submission has now been submitted to

OMB for 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 under review is summarized below.

DATES: Comments must be received within 30 calendar days of this

Notice.

ADDRESSES: Copies of the subject form and the request for review

submitted 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: Carol

Brock, Records Manager, 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 of Form Under Review

Type of Request: Approval of a revised form combining two existing

forms, one for U.S. and one for foreign sponsors: OPIC 129 (OMB 3420-

0018), which expires 1/31/2000, and OPIC 130 (OMB 3420-0017) which

expires 2/29/2000, respectively.

Title: Sponsor Disclosure Report.

Form Number: OPIC-129.

Frequency of Use: Once per significant investor per project.

Type of Respondents: Business or other institutions and

individuals.

Standard Industrial Classification Codes: All.

Description of Affected Public: U.S. companies or citizens

investing overseas.

Reporting Hours: 6 hours per project.

Number of Responses: 122.5 per year.

Authority for Information Collection: Sections 231, 234(b) and (c)

of the Foreign Assistance Act of 1961, as amended.

Abstract (Needs and Uses): The Sponsor Disclosure Report is the

principal document used by OPIC to gather information from project

sponsors on whether a project might harm the U.S., and describes

sponsor activities with the U.S. Government and other information for

the underwriting and analysis of a project. It also provides

notification of credit investigations that will be performed.

Dated: January 3, 2000.

Ralph Kaiser,

Senior Counsel for Administration, Department of Legal Affairs.

[FR Doc. 00-295 Filed 1-5-00; 8:45 am]

BILLING CODE 3210-01-M