Export-Import Bank of the U.S. Application for Medium-Term Insurance or Guarantee

Forms and Documents

Document Name	Status
Form EIB 03-02 Application for Medium-TermInsurance or Guarantee Form and Instruction	Modified
Final Supporting Statement EIB 03-02 (August 2019).doc Supporting Statement A	2019-08-15

IC Document Collections

IC ID	Document Title	Status
205197	Application for Medium-TermInsurance or Guarantee Form and Instruction	Modified

ICR Details

OMB Control No: 3048-0014	ICR Reference No: 201905-3048-003
Status: Active	Previous ICR Reference No: 201512-3048-019
Agency/Subagency: EXIMBANK	Agency Tracking No: EIB 03-02
Title: Export-Import Bank of the U.S. Application for Medium-Term Insurance or Guarantee
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved with change	Conclusion Date: 08/19/2019
	Date Received in OIRA: 06/18/2019
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	08/31/2022	36 Months From Approved	08/31/2019
Responses	400	0	400
Time Burden (Hours)	800	0	480
Cost Burden (Dollars)	0	0	0

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Abstract: The Export-Import Bank of the United States (EXIM Bank) is requesting a regular authorization request for form EIB 03-02, Application for Medium Term Insurance or Guarantee, as required by the Paperwork Reduction Act of 1995, in order to enhance the identification and classification of small businesses, as well as minority-, woman-, and veteran-owned businesses. The purpose of this collection is to gather information necessary to make a determination of eligibility of a transaction for Ex-Im Bank assistance under its medium-term guarantee and insurance program. 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 EXIM 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.

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Authorizing Statute(s): PL: Pub.L. 109 - 438 14 Name of Law: Export-Import Bank Reauthorization Act of 2006
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	84 FR 42	03/04/2019
30-day Notice:	Federal Register Citation:	Citation Date:
	84 FR 93	05/14/2019
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Application for Medium-TermInsurance or Guarantee	EIB 03-02	EIB 03-02, APPLICATION FOR MEDIUM-TERM INSURANCE OR GUARANTEE

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ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	400	400	0	0	0	0
Annual Time Burden (Hours)	800	480	0	320	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Miscellaneous Actions

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: The estimated time expenditure per respondent has been updated to 2 hours from 1.2. From time to time staff complete a “sample” application form for use in system testing, training, etc. The time it takes for staff to fill out the application form is about 30 minutes. If the applicant has the sales contract information at hand, it should take the respondent about 30 minutes as well. For burden calculation purposes, we assumed that it would take on average just over an hour for respondents to complete the application. We receive between 300 and 400 medium-term applications a year. Thus, the annual burden rate can be calculated as 400 * 2 hours = 800 hours.

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Annual Cost to Federal Government: $35,700

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 06/18/2019

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