The Export-Import Bank of the United States (EXIM) is requesting comments from the public and federal agencies on a proposed information collection as part of efforts to streamline paperwork, as required by the Paperwork Reduction Act of 1995. The collection involves submitting the EIB 10-02 Application for Short-Term Express Export Credit Insurance Policy, which helps small U.S. businesses with limited export experience secure approval for coverage on the repayment risk of export sales. The Export-Import Bank estimates 500 respondents will take about 15 minutes each to complete the form. Comments must be received by March 31, 2025, to be considered.
Simple Explanation
The Export-Import Bank wants to hear from people about their idea to make it easier for small businesses to get help selling things to other countries. They want to make sure filling out the necessary forms doesn't take too long and is easy enough, so they’re asking for comments on their plan by the end of March 2025.