EXIM Extends Public Comment Period on Economic Impact Procedures and Proposed Guidelines for Assessing "Additionality"
Washington, D.C. - The Export-Import Bank of the United States (EXIM) is extending the public comment period in its review of the agency's economic impact procedures and EXIM's proposed guidelines for determining "additionality," the reasons why a transaction would not go forward without EXIM's support. The public comment period will now continue for an additional 15 days to October 23, 2019.
"The Export-Import Bank of the United States is fully committed to transparency and reforms as fulfills the congressionally mandated mission of supporting U.S. jobs by facilitating U.S. exports," said EXIM President and Chairman Kimberly A. Reed. "Therefore, I am extending the public comment period so that EXIM can increase the amount of input it may receive from the American people on these important guidelines. As I mentioned in my testimony to Congress earlier this year, I am committed to increasing transparency, strengthening taxpayer protection, and working to improve protection for domestic companies, among others important reforms. The agency welcomes additional public comment."
EXIM is in the process of reviewing its current economic impact procedures and methodology through which staff analyze and assess the potential impacts of EXIM support of pending applications involving relevant domestic industries in the United States. EXIM's current economic impact procedures are posted online. Interested parties may submit comments to EXIM through economic.impact@exim.gov or by mail to Office of Policy Analysis and International Relations, 811 Vermont Avenue, NW, Room 1257, Washington, D.C. 20571.
The agency is also seeking comments on its proposed guidelines for determining additionality in medium- and long-term transactions. EXIM's proposed additionality guidelines can be viewed online. Interested parties may submit comments through additionality.review@exim.gov or by mail to Office of Policy Analysis and International Relations, 811 Vermont Avenue, NW, Room 1257, Washington, D.C. 20571.
The original notices inviting public review and comment were published on September 9, 2019.
ABOUT EXIM BANK:
EXIM is an independent federal agency that promotes and supports American jobs by providing competitive and necessary export credit to overseas purchasers of U.S. goods and services. A robust EXIM can level the global playing field for U.S. exporters when they compete against foreign companies that receive support from their governments. EXIM also contributes to U.S. economic growth by helping to create and sustain hundreds of thousands of jobs in exporting businesses and their supply chains across the United States. In recent years, 90 percent of the total number of the agency's authorizations has directly supported small businesses.
For more information about EXIM, please visit www.exim.gov.