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View ICR - OIRA Conclusion

OMB Control No: 3420-0011	ICR Reference No: 201805-3420-001
Status: Historical Active	Previous ICR Reference No: 201610-3420-001
Agency/Subagency: OPIC	Agency Tracking No: OPIC-52
Title: Application for Political Risk Insurance
Type of Information Collection: Revision of a currently approved collection	Common Form ICR: No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 08/13/2018
	Date Received in OIRA: 05/30/2018
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	08/31/2021	36 Months From Approved	08/31/2018
Responses	45	0	100
Time Burden (Hours)	135	0	900
Cost Burden (Dollars)	10,125	0	67,500

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Agency Discretion
Annual Number of Responses	45	100	-55
Annual Time Burden (Hours)	135	900	-765
Annual Cost Burden (Dollars)	10,125	67,500	-57,375

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: Yes

Burden Reduction Due to: Miscellaneous Actions

Short Statement: The total number of submissions is decreased to more accurately reflect the estimated number of forms received. The amount of time it takes to complete the Form 52 is less than previously reported, which leads to a reduction in the burden on the public. Due to the decreased number of submissions, the overall federal government burden for the Form 52 has reduced. However, the average time for the government to review the Form 52 remains unchanged.

Annual Cost to Federal Government: $4,941

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination. No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination. No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

Agency Contact: James Bobbitt 202 336-8558 james.bobbitt@opic.gov

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