The Export Import Bank of the United
States (Ex-Im Bank) pursuant to the Export Import Bank Act of 1945,
as amended (12 USC 635, et seq), facilitates the finance of export
of U.S. goods and services. By neutralizing the effect of export
credit insurance and guarantees offered by foreign governments and
by absorbing credit risks that the private sector will not accept,
Ex-Im Bank enables U.S. exporters to complete fairly in foreign
markets on the basis of price and product. This collection of
information is necessary, pursuant to 12 USC Sec. 635 (a) (1), to
determine eligibility of the export for Ex-Im Bank assistance. This
form will enable Ex-Im Bank to identify the specific details of the
export transaction. These details are necessary for determining the
eligibility of claims for approval. Ex-Im Bank staff and
contractors review this information to assist in determining that
an export transaction, on which a claim for non-payment has been
submitted, meets all of the terms and conditions of cover.
US Code:
12
USC 635 Name of Law: Export Import Bank Act
The annual number of responses
has changed (as the number originally reported was based on the
number of deals, not the number of respondents). The government
reviewing time has also changed because it is now based on the
amount of time required to review each response as opposed to an
average time to review the responses provided for each deal. The
end result is that the reviewing time per year is nearly the same –
it was 68 hours and it now is 67 hours. There is however an
increase in the total cost to the government as the cost
methodology being used has changed and resulted in an increased
cost per hour of review. The direct costs to the public were
entered erroneously in the previous submission and were corrected
in this submission.
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:
(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;
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.