The Export Import Bank of the United States, pursuant to the Export Import Bank Act of 1945, as amended (12 USC 635, et.seq.), facilitates the finance of the export of U.S. goods and services. The "Short Term Multi-Buyer Export credit Insurance Application" form will be used by entities involved in the export of US goods and services, to provide Ex-Im Bank with the information necessary to obtain legislatively required assurance of repayment and fulfill other statutory requirements.
The Application for Short-Term Multi-Buyer Export Credit Insurance Policy has been and will be used to determine the eligibility of the applicant and the transaction for Export-Import Bank assistance under its insurance program. Export-Import Bank customers will be able to submit this form on paper or electronically.
The Export-Import Bank has made a change to the report to have the applicant provide their number of employees or annual sales volume. That information is needed to determine whether or not they meet the SBA's definition of a small business. The applicant already provides their name, address and industry code (NAICS). 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 applicant to indicate whether it 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.
Ex-Im Bank has experienced a lapse in its authority. The renewal process had been started, but Ex-Im Bankâs lack of authority has hindered continued progress on the renewal. Ex-Im Bank is requesting reinstatement and to extend the expiry date for form 3048-0023 for a six month period so that Ex-Im Bank can resume operating. Thank you for your kind attention to this request.
US Code:
12 USC 635 et seq.
Name of Law: Export-Import Bank Act of 1935, as amended
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.
Form EIB 92-50 Short-Term Multi-Buyer Export Credit Insurance Policy Application
Supporting Statement EIB 92-50 03-03-2015.doc
Short-Term Multi-Buyer Export Credit Insurance Policy Application