DFC-007 - Supporting Statement

DFC-007
[OMB-3015-XXXX]
Impact Assessment Questionnaire
SUPPORTING STATEMENT FOR APPROVAL
A.

Justification

1.

Legal authority for this information collection is found in the Better Utilization of
Investments Leading to Development Act of 2018 (the “BUILD Act”), Public Law 115254.

2.

DFC-007 Impact Assessment Questionnaire is the principal document used by the U.S.
International Development Finance Corporation (“DFC”) to initiate the assessment of the
project’s development impact, as well as the project’s ability to comply with
environmental and social policies, including labor and human rights, as consistent with
the agency’s authorizing legislation.

3.

This form is completed with the use of a web-based application. This provides a secure
and efficient means for applicants to transmit the required information to the agency.

4.

The information collected is not duplicated elsewhere. The information is not already
available in any other electronic form and would not be requested by another federal
agency or lending institution since it is applicable solely to DFC’s programs.

5.

DFC’s applicants include large and small businesses and entrepreneurs. The same questions
are asked of all applicants. The complexity of the answers will depend upon the nature of
the project for which DFC financing is being requested.

6.

Without a form to collect the information, the amount of staff time needed to gather the
requisite information would be significantly greater and would result in multiple requests
for information from agency applicants/clients. This would reduce the amount of time
that could be devoted to working with applicants/clients on the origination of
transactions, thereby reducing the productivity and administrative efficiency of the
agency.

7.

No special circumstances exist that require the information collection to be conducted in
a manner inconsistent with the guidelines of the Paperwork Reduction Act and OMB's
implementing regulations.

8.

The first Federal Register Notice was published on March 22, 2019 (84 FR 10843).
The agency received public comments. The agency did not make edits to the
collections pursuant to the public comments received. The second Federal Register
Notice was published on June 21, 2019 (84 FR 29249).
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9.

No payments and gifts are offered to respondents.

10.

When trade secrets or confidential commercial or financial information are submitted to
the agency in this collection, they will be held in confidence to the extent permitted by
applicable law including the Freedom of Information Act (“FOIA”) at 5 U.S.C. section
552(b)(4) and the agency’s implementing regulations at 22 C.F.R. Part 706.

11. Not applicable. None of the questions on this form are of a sensitive nature.
12.

The estimated burden of collecting this information is as follows:
230 respondents
x 1 per respondent
=230 total annual responses
x (2.8 hours per average respondent)
=644 respondent hours
x $75/hour for personnel, record-keeping, overhead
$48,300 total cost to respondents

13.

The estimated annualized cost to respondents is as follows:
(a) Total capital and start-up costs: $0
(b) Total operation and maintenance costs: $0.
All costs associated with the form are part of the normal cost of doing business. Since
all submissions will be electronic and stored on DFC’s secure servers, there will be no
postage or storage costs.

14. The estimated
230
x1
230
x2
460
x $56.15
$25,829
15.

annualized cost to the Federal government is as follows:
respondents per year
per respondent
total annual responses
average hours to review one response
total federal hours
GS-14/1 (DCB) hourly wage
total cost to the Federal government

This is a new information collection.

16. Not applicable. Information provided in the application is not published.
17. Not applicable. The OMB expiration date will be printed on each form.
18. Not applicable. No exceptions are being requested on the certification statement.

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