Export-Import Bank Reviews Local Costs Form for Credit Guarantees
Published Date: 2/26/2025
Notice
Summary
The Export-Import Bank (EXIM) is asking for feedback on a new form that helps track local costs for their credit guarantee program. This change aims to make paperwork easier and clearer for businesses using EXIM’s support. If you’re involved in EXIM deals, now’s the time to weigh in before the new rules take effect!
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
New EXIM Local-Cost Form
If your business uses EXIM credit guarantees, EXIM is proposing a new form called EIB 18-03 (Itemized Statement of Payments—Local Costs) to track local payments and local costs for the Credit Guarantee Facility. EXIM says the change is intended to reduce paperwork and make reporting clearer, and it is asking the public and other federal agencies to comment under the Paperwork Reduction Act.
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