Bank Asks Public Help Reducing Paperwork They Created
Published Date: 1/13/2025
Notice
Summary
The Export-Import Bank is updating its application form for businesses that want help financing U.S. exports. If you export goods or services, this affects you! They’re asking for comments by February 12, 2025, to make the process smoother and less paperwork-heavy, saving time and effort for about 150 applicants each year.
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
EXIM updates export application form
EXIM is updating the EIB 84-01 Application for the Export Working Capital Guarantee to reduce paperwork and respondent burden. About 150 applicants use this form each year; EXIM estimates the form takes 2 hours per respondent for a total of 300 annual burden hours. If you export U.S. goods or services, this change could make applying easier, and EXIM is accepting comments by February 12, 2025.
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