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 April 2, 1997, in 62 FR 15727, at which time a 60-day

comment period was announced. This comment period ended on June 2,

1997. 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: Lena Paulsen, Manager, Information

Center, Overseas Private Investment Corporation, 1100 New York Avenue

NW., Washington, DC 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 NW., Washington,

DC 20503, 202/395-5871.

SUMMARY OF FORM UNDER REVIEW:

Type of Request: New form.

Title: Small Business Application for Political Risk Investment

Insurance.

Form Number: OPIC 223.

Frequency of Use: Once per investor per project.

Type of Respondents: Small business or other institutions

qualifying as small business under OPIC's definition (except farms);

individuals qualifying as small business under OPIC's definition.

Standard Industrial Classification Codes: All.

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

investing overseas.

Reporting Hours: 4 hours per project.

Number of Responses: 50 per year.

Federal Cost: $750 per year.

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

239(d) and 240A of the Foreign Assistance Act of 1961, as amended.

Abstract (Needs and Uses): The small business application is the

principal document used by OPIC to determine the small business

investor's and project's eligibility, assess the environmental impact

and developmental effects of the project, measure the economic effects

for the United States and the host country economy, and collect

information for underwriting analysis.

Dated: June 10, 1997.

James R. Offutt,

Assistant General Counsel, Department of Legal Affairs.

[FR Doc. 97-16061 Filed 6-18-97; 8:45 am]

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