The Export-Import Bank of the United States (EXIM) is seeking feedback from the public and other federal agencies regarding a proposed information collection effort. This effort aims to collect necessary information to monitor borrower's payments and alert EXIM of any defaults under its export credit insurance policies. The information will help the bank manage its portfolio effectively. Comments are invited until April 9, 2021, and can be submitted online or by mail.
Simple Explanation
The Export-Import Bank is asking people to share their thoughts on a plan to collect information that helps them check if people are paying for things they bought from other countries, and to know if someone stops paying. They do this to keep track of their money safely and make sure everything is working well.