AGENCY:
Overseas Private Investment Corporation (OPIC).
ACTION:
Request for approval.
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 for OMB review and approval.
DATES:
This 30-day notice is to inform the public, that this collection is being submitted to OMB for approval.
ADDRESSES:
Copies of the subject form may be obtained from the Agency submitting officer.
FOR FURTHER INFORMATION CONTACT:
OPIC Agency Submitting Officer: Essie Bryant, Record Manager, Overseas Private Investment Corporation, 1100 New York Avenue, NW., Washington, DC 20527; (202) 336-8563.
Summary Form Under Review
Type of Request: New form.
Title: Short—Form Application for Political Risk Insurance.
Form Number: OPIC-247.
Frequency of Use: Once per investor per project.
Type of Respondents: Business or other institution (except farms); individuals.
Standard Industrial Classification Codes: All.
Description of Affected Public: U.S. companies or citizens investing overseas.
Reporting Hours: 2 hours per project.
Number of Responses: 50 per year.
Federal Cost: $5,000.
Authority for Information Collection: Sections 231, 234(a), 239(d), and 240A of the Foreign Assistance Act of 1961, as amended.
Abstract (Needs and Uses): The application is the document used by OPIC to determine the investor's and the project's eligibility for political risk insurance when used in conjunction with a completed application for OPIC financing.
Dated: June 23, 2011.
Nicole Cadiente
Administrative Counsel, Department of Legal Affairs.
[FR Doc. 2011-16155 Filed 6-28-11; 8:45 am]
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