Extension without change of a currently approved collection
No
Regular
Approved without change
03/18/2024
02/14/2024
table that charts list comparision
Inventory as of this Action
Requested
Previously Approved
03/31/2027
36 Months From Approved
05/31/2024
3,800
0
4,067
1,065
0
1,130
0
0
0
The CCC requires the information described within this package for the purposes of operating and maintaining the GSM-102 program in a judicious manner. CCC uses the information gathered from exporters and financial institutions to issue payment guarantees.
There is an increase in the number of respondents (from 47 to 88), but a decrease in responses from 4,067 to 3800. As the program is commercial in nature, program usage tends to run countercyclical to the economy. During the past year, shifts in the global economy resulted in a decrease in program use among the current participants, lowering the number of responses. Total burden hours decreased slightly from 1,130 to 1,065.
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.