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[Federal Register Volume 77, Number 177 (Wednesday, September 12, 2012)]
[Notices]
[Page 56207]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-22465]

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EXPORT-IMPORT BANK OF THE U.S.

[Public Notice 459]

Agency Information Collection Activities: Final Collection; 
Comment Request

AGENCY: Export-Import Bank of the U.S.

ACTION: Submission for OMB Review and Comments Request.

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    Form Title: Application for Long Term Loan or Guarantee (EIB 95-
10).
SUMMARY: Export-Import (Ex-Im) Bank is requesting an emergency approval 
for form EIB 95-10 Application for Long Term Loan or Guarantee, OMB 
3048-0013, because the Export Import Bank Reauthorization Act of 2012 
has placed additional reporting requirements on the Bank.
    The changes to this form are as follows:
    1. Addition of a new participant role, Controlling Sponsor, to 
section 2 of the application. Section 18 of the Export-Import Bank 
Reauthorization Act of 2012 prohibits Ex-Im Bank's Board of Directors 
from approving ``any transaction in which a person that is a borrower 
or controlling sponsor, or a person that is owned or controlled by such 
borrower or controlling sponsor, is subject to sanctions under section 
5(a) of the Iran Sanctions Act.''. In order for Ex-Im Bank to ensure 
that the Board of Directors is in compliance with the prohibition, Ex-
Im Bank needs to be able to identify the controlling sponsor for a 
transaction (Ex-Im Bank already asks on the application form who is the 
borrower for the transaction). Adding this question to the application 
form will allow Ex-Im Bank to identify the controlling sponsor.
    2. Replace Section 6 of the application with new language and 
questions. Section 10 of the Export-Import Bank Reauthorization Act of 
2012 adds a new paragraph (h) to Section 8 of Ex-Im Bank's Charter (12 
USC 635g). The new section 8(h) of the Charter requires the Bank to 
categorize the purpose of each loan and long-term guarantee in the 
Bank's Annual report. The Reauthorization Act defines the appropriate/
acceptable purposes. In order to provide this information to Congress, 
Ex-Im Bank needs to change the questions it was asking on the 
application form to align them with the specific purposes identified in 
the Act. Without this change, Ex-Im Bank will be unable to further 
break down unavailability of private sector financing into risk 
constraints vs. maturity limitations.
    3. Change the percents in Section 5; sub-section C and sub-section 
H of the application form to indicate that Ex-Im Bank may have the 
ability to finance local costs up to 30% of the net contract price. 
There is an international agreement that was reached between Ex-Im Bank 
and its foreign competitors that allows Ex-Im Bank (and its 
competitors) to provide additional local cost financing. This increased 
availability and flexibility is important to U.S. exporters and helps 
enhance their competitiveness. Ex-Im Bank would like to make this 
change to the guidance in the application form to ensure customers are 
aware of this enhanced support.
    The application can be viewed at www.exim.gov/pub/pending/eib95-10.pdf.

DATES: Comments should be received on or before November 13, 2012 to be 
assured of consideration.

ADDRESSES: Comments maybe submitted electronically on 
WWW.REGULATIONS.GOV or by mail to Michele Kuester, Export Import Bank 
of the United States, 811 Vermont Ave. NW. Washington, DC 20571.

SUPPLEMENTARY INFORMATION: Titles and Form Number: EIB 95-10 
Application for Long Term Loan or Guarantee.
    OMB Number: 3048-0013.
    Type of Review: Emergency.
    Need and Use: The information collected will provide information 
needed to determine compliance and creditworthiness for transaction 
requests submitted to the Export Import Bank under its long term 
guarantee and direct loan programs.
    Affected Public: This form affects entities involved in the export 
of U.S. goods and services.
    Annual Number of Respondents: 84.
    Estimated Time per Respondent: 1.5 hours.
    Government Annual Burden Hours: 2,100.
    Frequency of Reporting or Use: Yearly.
    Total Cost to the Government: $81,312.

Sharon A. Whitt,
Agency Clearance Officer.
[FR Doc. 2012-22465 Filed 9-11-12; 8:45 am]
BILLING CODE 6690-01-P
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