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 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, Ex-Im Bank 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 to
12 USC Sec. 635 (a) (1), to determine eligibility of the applicant
for Ex-Im Bank assistance. This form is used by an exporter in
order to obtain approval for an Ex-Im Bank direct loan or a
guaranteed working capital line of credit to finance export sales.
The information received provides Ex-Im Bank staff with the
information necessary to make a determination of the eligibility of
the applicant and its creditworthiness for Ex-Im Bank assistance
under this direct loan and guarantee program.
Ex-Im Bank has
experienced a lapse in its authority. The renewal process had
been started, but Ex-Im Bank’s lack of authority has hindered
continued progress on the renewal. Ex-Im Bank is requesting
extend the expiry date for form 3048-0038 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 Name of Law: Export Import Bank Act of US
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.