EIB 92-64 Application for Exporter ST Single Buyer Ins SUPPORTING STATEMENT - July 2021

EIB 92-64 Application for Exporter ST Single Buyer Ins SUPPORTING STATEMENT - July 2021.docx

Application for Exporter Short-Term Single-Buyer Insurance

OMB: 3048-0018

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Supporting Statement for Paperwork Reduction Act Submission

OMB 3048-0018

EIB 92-64 Application for Exporter Short Term Single Buyer Insurance



General Instructions


A Supporting Statement, including the text of the notice to the public required by 5 CFR 1320.5(a)(i)(iv) and its actual or estimated date of publication in the Federal Register, must accompany each request for approval of a collection of information. The Supporting Statement must be prepared in the format described below, and must contain information specified in Section A below. If an item is not applicable, provide a brief explanation. OMB reserves the right to require the submission of additional information with respect to any request for approval.


Specific Instructions


  1. Justification


  1. Explain the circumstances that make the collection of information necessary. Identify any legal or administrative requirements that necessitate the collection. Attach a copy of the appropriate section of each statute and regulation mandating or authorizing the collection of information.

    The Export Import Bank of the United States (EXIM) pursuant to the Export Import Bank Act of 1945, as amended (12 USC 635, et seq), facilitates the financing of exports of U.S. goods and services. By neutralizing the effect of export credit insurance and loan guarantees offered by foreign governments and by absorbing credit risks that the private sector will not accept, EXIM enables U.S. exporters to compete fairly in foreign markets on the basis of price and product quality. This collection of information is necessary, pursuant to12 USC Sec. 635 (a) (1), to determine eligibility of the applicant for EXIM assistance.


  1. Indicate how, by whom and for what purpose the information is to be used. Except for a new collection, indicate the actual use the agency has made of the information received from the current collection.

    The “Application for Exporter Short-term Single-buyer Insurance” form will be used by entities involved in the export of US goods and services, to provide EXIM with the information necessary to obtain legislatively required assurance of repayment and fulfills other statutory requirements.

  2. Describe whether, and to what extent, the collection of information involves the use of automated, electronic mechanical, or other technological collection techniques or other forms of information technology, e.g., permitting electronic submissions of responses, and the basis for the decision for adopting this means of collection. Also describe any consideration of using information technology to reduce burden.

    The majority of these forms are received electronically, together with electronic attachments of supporting credit information. EXIM processing is fully electronic and concludes with the issuance of a document sent electronically to the applicant. Technology accelerates the entire process but does not necessarily reduce the amount or substance in credit information required from the applicant. Accessibility to policy documents is considerably improved for exporters through technology.

  3. Describe effort to identify duplication. Show specifically why any similar information already available cannot be used or modified for use for the purposes described in Item 2 above.

    Each application is independent so there is no duplication of information for a given applicant.

  4. If the collection of information impacts small businesses or other small entities describe any methods used to minimize burden.

Pursuant to the response in #3 above, the burden to small businesses is reduced largely through unnecessary, back-and-forth transmission of paper or hard copy documents whose timeliness through the mail system is inconsistent, untimely, and could be lost in transit.

  1. Describe the consequence to Federal program or policy activities if the collection is not conducted or is conducted less frequently, as well as any technical or legal obstacles to reducing burden.

    Absent the information required in the application form, EXIM would be unable to make the necessary credit decisions to determine the eligibility of the applicant. Consequently, EXIM would not be able to provide either a direct loan or working capital support needed by small business exporters.

  2. Explain any special circumstances that would cause an information collection to be conducted in a manner”
    *requiring respondents to report information to the agency more often than quarterly;
    *requiring respondents to prepare a written response to a collection of information in fewer than 30 days after receipt of it;
    *requiring respondents to submit more than an original and two copies of any document;
    *in connection with a statistical survey, that is not designed to produce valid or reliable results that can be generalized to the universe of study;
    *requiring the use of statistical data classification that has not been reviewed and approved by OMB;
    *that includes a pledge of confidentiality that is not supported by authority established in statute or regulation, that is not supported by disclosure and data security policies that are consistent with the pledge, or which unnecessarily impedes sharing of data with other agencies for compatible confidential use; or
    *requiring respondents to submit proprietary trade secrets, or other confidential information unless the agency can demonstrate that it has instituted procedures to protect the information’s confidentiality to the extent permitted by law.

    This collection is consistent with guidelines in 5 CRF 1320.6.

  3. If applicable, provide a copy and identify the date and page number of publication in the Federal Register of the agency’s notice soliciting comments on the information collection prior to submission to OMB. Summarize public comments received in response to that notice and describe actions taken by the agency in response to these comments.


60 Day Federal Register Notice FR Vol. 84, #67 on 04/08/2019

Comments were received and responded to.


30 Day Federal Register Notice FR Vol. 84, #116 on 06/17/2019


  1. Explain any decision to provide any payment or gift to respondents, other than remuneration of contractors or grantees.

    EXIM does not provide any payments or gifts to respondents.

  2. Describe any assurance of confidentiality provided to respondents and the basis for the assurance in statute, regulation, or agency policy.

    EXIM, its officers and its employees are subject to Trade Secrets Act, 18 USC Sec 1905 requiring EXIM to protect confidential business information from disclosure, and, 12 CFR 404.1, which states that, except as required by law, EXIM will not disclose any information without the submitter’s consent.

  3. Provide additional justification for any question of a sensitive nature, such as sexual behavior and attitudes, religious beliefs, and other matters that are commonly considered provides. This justification should include the reasons why the agency considered the questions necessary, the specific uses to be made of the information, the explanation to be given to persons from whom the information is requested, and any steps to be taken to obtain their consent.

    We are adding new classification questions due to the change in our Charter.



  1. Provide estimates of the hour burden of the collection of information. The statement should include:

    *the number of respondents: 310
    *the frequency of response: Annually
    *estimated time per respondent: 1.5 hours
    *annual hour burden: 465

  2. Provide an estimate for the total annual cost burden to respondents or records keepers resulting from the collection of information. (Do not include the cost of any hour burden shown in items 12 and 14).

    There is no monetary burden to respondents other than the hour burden estimated in (12).


  1. Provide estimates of annualized costs to the Federal government.
    Reviewing time per response: 1.5 hours
    Number responses per year: 310
    Reviewing time per year: 465 hours
    Average Wage per Hour $42.50

Average cost per year: $19,762.5
Benefits & Overhead: 20%
Total Government Cost: $23,715

  1. Explain the reasons for any program changes or adjusted reported in items 13 or14 of OMB from 83-1.

There are no program changes or adjustments.

  1. For collection of information whose results will be published, outline plans for tabulation and publication. Address any complex analytical techniques that will be used. Provide the time schedule for the entire project, including beginning and ending dates of the collection of information, completion of report, publication dates, and other actions.

    No publication or tabulation of collected information is intended. No complex analytical techniques will be applied.

  2. If seeking approval to not display the expiration date for OMB approval of the information collection, explain the reasons that display would be inappropriate.

    EXIM is not seeking approval to not display the expiration date.

  3. Explain each exception to the certification statement identified in Item 19 “Certification for Paperwork Reduction Act Submissions,” of OMB Form 83-1.

    There are no exceptions to the certification statement.

Part B. - Collection of Information Employing Statistical Methods

The agency should be prepared to justify its decision not to use statistical methods in any case where such methods might reduce burden or improve accuracy of results. When Item 17 on OMB Form 83-1 is checked, “Yes” the following documentation should be included in the Supporting Statement to the extent that it applies to the methods proposed:


Statistical methods are not used in this information collection.


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File Typeapplication/vnd.openxmlformats-officedocument.wordprocessingml.document
File TitleSupporting Statement for Paperwork Reduction Act Submissions
Authorwhitt
File Modified0000-00-00
File Created2021-12-16

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