EXIM speeds up export insurance apps for small biz
Published Date: 2/28/2025
Notice
Summary
The Export-Import Bank is updating its short-term export credit insurance application to make it easier and quicker for small U.S. businesses to apply. Exporters will spend about 15 minutes filling out a simple form to get coverage that helps protect their sales overseas. Comments on this update are open until March 31, 2025, so businesses can weigh in before it’s finalized.
Analyzed Economic Effects
4 provisions identified: 4 benefits, 0 costs, 0 mixed.
Short, 15‑minute application for exporters
If you are a small U.S. exporter, you can apply for short‑term Express export credit insurance using a simpler form that asks about 32 questions and takes about 0.25 hours (15 minutes) to fill out. This form is intended to speed up and reduce paperwork for applicants.
Program targeted to less‑experienced small exporters
The Express policy application is for small U.S. businesses with limited export experience who want coverage for the repayment risk of export sales. The information on the form is used to determine applicant eligibility and the creditworthiness of a named foreign buyer.
Less financial disclosure required for Express policy
The Express program does not give discretionary credit authority to U.S. exporters, so the financial and credit information required on the application is minimized. Applicants sign certifications on the reverse of the form as part of the roughly 32‑question application.
Expected annual use: about 500 applicants
EXIM expects about 500 respondents to use this application each year, for an estimated total annual burden of 125 hours and a frequency of once per year per respondent. The form is listed under OMB Number 3048-0031.
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Key Dates
Related Federal Register Documents
2026-19014, Agency Information Collection Activities; Submission to the Office of Management and Budget for Review and Approval; Comment Request; EIB 00-02, Annual Competitiveness Report Survey of Exporters and Lenders
The Export-Import Bank (EXIM) is asking U.S. exporters and lenders to take a quick online survey about how EXIM helps them compete with foreign exporters. This survey, required by law, helps EXIM improve its services and stay competitive. Comments on this info collection are due by November 16, 2026, and there’s no cost to participate—just your honest feedback!
2026-16845, Agency Information Collection Activities; Submission to the Office of Management and Budget for Review and Approval; Comment Request; EIB 10-04, Notice of Claim and Proof of Loss, Working Capital Guarantee
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.
2026-14959, Implementation of the Administrative False Claims Act
The government is rolling out new rules to stop people from lying to get money they don’t deserve. These changes affect anyone who deals with government contracts or benefits, making it easier to catch and punish cheaters. The updates kick in soon and could save taxpayers a lot of money by keeping fraud in check.
2026-11006, Notice of Open Meeting for the 2026-2027 EXIM Advisory Committees
The Export-Import Bank is holding a virtual open meeting on June 12, 2026, to talk about new ways to help U.S. businesses get financing for their products and services. This meeting affects U.S. manufacturers and anyone interested in export finance, offering a chance to join the conversation and share ideas. No direct money changes are announced yet, but the discussions could lead to more support for American exporters soon.
2026-10817, Regulation for Federal Financial Assistance
This new rule updates how federal financial help is given and managed across many government agencies. It affects anyone who gets federal grants or aid, making the process clearer, fairer, and easier to follow. Changes kick in soon and could impact how money flows and how quickly folks get support.
2026-09814, Application for Final Commitment for a Long-Term Loan or Financial Guarantee in Excess of $100 Million: AP300067XX
The Export-Import Bank is reviewing a big loan request over $100 million to help Jeju Air buy Boeing airplanes for flights in and out of South Korea. People can share their thoughts by June 9, 2026, before the bank’s board makes a final decision. This deal supports U.S. jobs and boosts international travel connections!
Previous / Next Documents
Previous: 2025-03284, Combined Notice of Filings
The Federal Energy Regulatory Commission got several new filings from natural gas companies about rate changes and agreements that could affect how much customers pay or how services work. These changes start between February and April 2025, and people have until early to mid-March to share their thoughts or objections. If you’re involved or interested, now’s the time to speak up before the deadlines!
Next: 2025-03286, Agency Information Collection Activities: Submission to the Office of Management and Budget for Review and Approval; Comment Request; EIB18-01, Multi-Buyer Select Risk Policy (MBSR) Exclusions Worksheet
The Export-Import Bank is updating a form called the Multi-Buyer Select Risk Policy (MBSR) Exclusions Worksheet to make it easier for exporters and policyholders to check if they qualify for support. This change helps reduce paperwork and speeds up the process, with about 60 users expected to spend just 15 minutes each on it. Comments on this update are welcome until March 31, 2025.