Annual Competitiveness Report
Survey of Exporters and Lenders
Revision of a currently approved collection
No
Regular
10/25/2023
Requested
Previously Approved
36 Months From Approved
02/29/2024
112
150
28
225
0
0
The purpose of the survey is to
fulfill the statutory mandate (Export-Import Bank Act of 1945, as
amended, 12 U.S.C. 635) which directs EXIM to report annually to
the U.S. Congress any action taken toward providing export credit
programs that are competitive with those offered by official
foreign export credit agencies. The Act further stipulates that the
annual report on competitiveness should include the results of a
survey of U.S. exporters and U.S. commercial lending institutions
which provide export credit to determine their experience in
meeting financial competition from other countries whose exporters
compete with U.S. exporters.EXIM plans to survey exporters and
lenders that have engaged with EXIM on medium- and long-term
support over the previous calendar year or responded to at least
one of EXIM’s last two surveys. The potential respondents will be
sent an electronic invitation to participate in the online
survey.The proposed survey will ask participants about their
potential or completed deals involving EXIM, their opinion of
EXIM’s policies and procedures, their interaction and perceptions
of other export credit agencies, and impacts of overall market
conditions on their businesses.
US Code:
12
USC 635 Name of Law: The Export-Import Bank Act of 1945
The number of respondents is
based on 1) a core group of 70 survey participants who responded in
one or both the last two years, 2) exporters and banks that
received authorizations in 2023 that are not among the 70 prior
respondents, and 3) additional exporters and banks that have
approved Letters of Interest (LIs) and/or have approached EXIM for
support but whose transactions have not reached the authorization
stage. Based on the current year’s activity, we expect about 110
additional parties knowledgeable about EXIM’s medium- and long-term
programs beyond the initial 70 past survey participants, bringing
the total universe of potential respondents to 180. We expect an
approximately 67% response rate, meaning about 112 survey
responses. The estimated time per respondent was based on 30
seconds to respond to one-option questions, such as the respondent
providing their name and company and yes/no questions. One minute
was estimated to respond to open-ended questions. The total time to
respond would then be 13.5 minutes, which was rounded up to 15
minutes.
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.