Submission for OMB Review; Comment Request

INTERNATIONAL DEVELOPMENT COOPERATION AGENCY

Overseas Private Investment Corporation

Submission for OMB Review; Comment Request

AGENCY: Overseas Private Investment Corporation, IDCA.

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 July 9, 1996, in 61 FR 36094, at which time a 60-calendar

day comment period was announced. This comment period ended on

September 7, 1996.

No comments were received in response to this Notice.

This information collection submission has 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 on or before October 30, 1996.

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: Lena Paulsen, Manager, Information

Center, Overseas Private Investment Corporation, 1100 New York Avenue,

N.W., Washington, D.C. 20527; 202/336-8565.

OMB Reviewer: Victoria Wassmer, Office of Information and

Regulatory Affairs, Office of Management and Budget, New Executive

Office Building, Docket Library, Room 10102, 725 17th Street, N.W.,

Washington, D.C. 20503, 202/395-5871.

SUMMARY OF FORM UNDER REVIEW:

Type of Request: Renewal of an existing form.

Title: Foreign Shareholder Disclosure Report in Support of an OPIC

Application for Financing.

Form Number: OPIC 139.

Frequency of Use: Once per each non-U.S. sponsor per project.

Type of Respondents: Individuals, business, or other institutions.

Standard Industrial Classification Codes: All.

Description of Affected Public: Non-U.S. companies or individuals

investing in any project financing by OPIC.

Reporting Hours: Two hours per response.

Number of Responses: 70 per year.

Federal Cost: $2,625.

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

(c) of the Foreign Assistance Act of 1961, as amended.

Abstract (Needs and Uses): The Foreign Shareholder Disclosure

Report In Support of an OPIC Application for Financing requests

information as required by OPIC's governing legislation. Such

information is needed to determine whether a project and its non-U.S.

sponsor meet eligibility criteria for OPIC financing, specifically with

regard to effects on the U.S. economy.

Dated: September 24, 1996

James R. Offutt,

Assistant General Counsel, Department of Legal Affairs.

[FR Doc. 96-24909 Filed 9-27-96; 8:45 am]

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