# Submission for OMB Review
**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.