Request for Registration for Political Risk Insurance

Forms and Documents

Document	Type	Status	Availability
Form DFC‐002 Request for Registration for Political Risk Insurance	Form and Instruction	Modified	Repair queued
DFC-002 83-I Questionnaire.pdf	Supporting Statement B	Uploaded 2022-07-25	Repair queued
DFC-002 - Supporting Statement.docx	Supporting Statement A	Uploaded 2022-07-25	Repair queued

IC Document Collections

IC ID	Collection	Type	Status	Form
236733	Request for Registration for Political Risk Insurance	Form and Instruction	Modified

ICR Details

OMB Control No: 3015-0008	ICR Reference No: 202207-3015-003
Status: Received in OIRA	Previous ICR Reference No: 202202-3015-003
Agency/Subagency: DFC	Agency Tracking No: DFC‐002
Title: Request for Registration for Political Risk Insurance
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 07/25/2022

	Requested	Previously Approved
Expiration Date	36 Months From Approved	08/31/2022
Responses	220	175
Time Burden (Hours)	110	88
Cost Burden (Dollars)	8,250	6,563

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Abstract: The Registration for Political Risk Insurance will be used by the agency to screen investors and projects for political risk insurance. Investors will be asked to register their intention to apply for insurance prior to making an irrevocable investment. DFC-002 will serve as proof of this intention and any investments made prior to the submission of a DFC-002 may be ineligible for political risk insurance from the agency.

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Authorizing Statute(s): PL: Pub.L. 115 - 254 1401 Name of Law: Better Utilization of Investments Leading to Development (BUILD) Act of 2018
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	87 FR 30209	05/18/2022
30-day Notice:	Federal Register Citation:	Citation Date:
	87 FR 43799	07/22/2022
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Request for Registration for Political Risk Insurance	DFC‐002	Request for Registration for Political Risk Insurance

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ICR Summary of Burden

	Total Request	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	220	175	0	45	0	0
Annual Time Burden (Hours)	110	88	0	22	0	0
Annual Cost Burden (Dollars)	8,250	6,563	0	1,687	0	0

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

Burden Increase Due to: Miscellaneous Actions

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

Burden Reduction Due to:

Short Statement: The number of respondents has increased.

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Annual Cost to Federal Government: $4,913

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? No

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Common Form ICR:  No

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On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).

The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(i) Why the information is being collected;

(ii) Use of information;

(iii) Burden estimate;

(iv) Nature of response (voluntary, required for a benefit, or mandatory);

(v) Nature and extent of confidentiality; and

(vi) Need to display currently valid OMB control number;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.

Certification Date: 07/25/2022

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