Export-Import Bank of the U.S.
Submission for OMB review and comments request.
Form Title: EIB 95-10, Application for Long Term Loan or Guarantee.
The Export-Import Bank of the United States (Ex-Im Bank) is requesting an emergency approval for form EIB 95-10, Application for Long Term Loan or Guarantee, in order to enhance the identification and classification of small businesses, as well as minority-, woman-, and veteran-owned businesses. The Bank will subsequently proceed with the regular authorization request for this form as required by the Paperwork Reduction Act of 1995.
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 compete fairly in foreign markets on the basis of price and product. This collection of information is necessary, pursuant to 12 U.S.C. Sec. 635(a)(1), to determine eligibility of the applicant for Ex-Im Bank support.
The Export-Import Bank has made a change to the report to have the financial institution provide specific information (industry code, number of employees and annual sales volume) needed to make a determination as to whether or not the exporter meets the SBA's definition of a small business. The financial institution already provides the exporter's name and address. These additional pieces of information will allow Ex-Im Bank to better track the extent to which its support assists U.S. small businesses.
The other change that Ex-Im Bank has made is to require the financial institution to indicate whether the exporter is a minority-owned business, women-owned business and/or veteran-owned business. Although answers to the questions are mandatory, the company may choose any one of the three answers: Yes/No/Decline to Answer. The option of “Decline to Answer” allows a company to consciously decline to answer the specific question should they not wish to provide that information.
The application can be viewed at www.exim.gov/pub/pending/eib95-10all.pdf
Comments should be received on or before March 9, 2015 to be assured of consideration.
Comments may be submitted electronically on www.regulations.gov or by mail to Michele Kuester, Export Import Bank of the United States, 811 Vermont Ave. NW., Washington, DC 20571.
Start Supplemental Information
Titles and Form Number: EIB 95-10 Application for Long Term Loan or Guarantee.
OMB Number: 3048-0013.
Type of Review: Emergency.
Need and Use: The information collected will provide information needed to determine compliance and creditworthiness for transaction requests submitted to the Export Import Bank under its long term guarantee and direct loan programs.
Affected Public: This form affects entities involved in the export of U.S. goods and services.
Annual Number of Respondents: 84.
Estimated Time per Respondent: 1.75 hours.
Annual Burden Hours: 147 hours.
Frequency of Reporting or Use: As needed.
Reviewing Time per Year: 147 hours.
Average Wages per Hour: $42.50.
Average Cost per Year: $6,248 (time*wages).
Benefits and Overhead: 20%.
Total Government Cost: $7,498.
End Supplemental Information
Agency Clearance Officer, Office of the Chief Information Officer.
[FR Doc. 2015-04191 Filed 2-27-15; 8:45 am]
BILLING CODE 6690-01-P