Agency Information Collection Activities: Comment Request
| Published date | 13 October 2020 |
| Citation | 85 FR 64459 |
| Record Number | 2020-22485 |
| Section | Notices |
| Court | Export-import Bank |
Federal Register, Volume 85 Issue 198 (Tuesday, October 13, 2020)
[Federal Register Volume 85, Number 198 (Tuesday, October 13, 2020)]
[Notices]
[Pages 64459-64460]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-22485]
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EXPORT-IMPORT BANK
[Public Notice: 2020-6003]
Agency Information Collection Activities: Comment Request
AGENCY: Export-Import Bank of the United States.
ACTION: Submission for OMB review and comments request.
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SUMMARY: The Export-Import Bank of the United States (Ex-Im Bank), as
part of its continuing effort to reduce paperwork and respondent
burden, invites the general public and other Federal Agencies to
comment on the proposed information collection, as required by the
Paperwork Reduction Act of 1995.
DATES: Comments must be received on or before December 14, 2020 to be
assured of consideration.
ADDRESSES: Comments may be submitted electronically on
WWW.REGULATIONS.GOV or by mail to Donna Schneider, Export-Import
[[Page 64460]]
Bank of the United States, 811 Vermont Ave. NW, Washington, DC 20571.
SUPPLEMENTARY INFORMATION: By neutralizing the effect of export credit
support 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. Under the Working Capital Guarantee Program, Ex-Im Bank
provides repayment guarantees to lenders on secured, short-term working
capital loans made to qualified exporters. The guarantee may be
approved for a single loan or a revolving line of credit. In the event
that a borrower defaults on a transaction guaranteed by Ex-Im Bank the
guaranteed lender may seek payment by the submission of a claim.
This collection of information is necessary, pursuant to12 U.S.C.
635 (a)(1), to determine if such claim complies with the terms and
conditions of the relevant working capital guarantee. The Notice of
Claim and Proof of Loss, Working Capital Guarantee is used to determine
compliance with the terms of the guarantee and the appropriateness of
paying a claim. Export-Import Bank customers are able to submit this
form on paper or electronically.
The information collection tool can be reviewed at: https://www.exim.gov/sites/default/files/pub/pending/eib10-04.pdf.
Title and Form Number: EIB 10-04 Notice of Claim and Proof of Loss,
Working Capital Guarantee.
OMB Number: 3048-0035.
Type of Review: Regular.
Need and Use: This collection of information is necessary, pursuant
to 12 U.S.C. 635(a)(1), to determine if such claim complies with the
terms and conditions of the relevant guarantee.
Affected Public:
This form affects entities involved in the export of U.S. goods and
services.
Annual Number of Respondents: 17.
Estimated Time per Respondent: 1 hour.
Annual Burden Hours: 17 hours.
Frequency of Reporting of Use: As needed to request a claim
payment.
Government Expenses:
Reviewing time per year: 17 hours.
Average Wages per Hour: $42.50.
Average Cost per Year (time*wages): $722.50.
Benefits and Overhead: 20%.
Total Government Cost: $867.
Bassam Doughman,
Project Manager, Agency Clearance Officer, Office of the Chief
Information Officer.
[FR Doc. 2020-22485 Filed 10-9-20; 8:45 am]
BILLING CODE 6690-01-P
