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 August 6, 1997, in 62 FR 42262, at which time a 60-calendar

day comment period was announced. This comment period ended October 6,

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 on or before November 13, 1997.

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, Officer 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: Revised form.

Title: OPIC's Expedited Screening Questionnaire--Downstream

Investments.

Form Number: OPIC-168.

Frequency of Use: Once per project submission.

Type of Respondents: OPIC's Fund Managers.

Standard Industrial Classification Codes: All.

Description of Affected Public: OPIC's Fund Managers.

Reporting Hours: 1 hour per form.

Number of Responses: 150 per year.

Federal Cost: $918.00 annually.

Authority for Information Collection: Section 231(K) (1-2) of the

Foreign Assistance Act of 1961, as amended.

Abstract (Needs and Uses): The questionnaire is completed by OPIC's

Fund Managers. The Fund Managers will complete the information for

companies in which the Fund proposes to invest. The information

collected will be reviewed to determine the expected effects of the

projects on the U.S. economy and employment, as well as on the

environment, economic development, and worker rights abroad.

Dated: October 8, 1997.

James R. Offutt,

Assistant General Counsel, Department of Legal Affairs.

[FR Doc. 97-27132 Filed 10-10-97; 8:45 am]

BILLING CODE 3210-01-M