[Federal Register Volume 85, Number 168 (Friday, August 28, 2020)]
[Notices]
[Page 53369]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-18981]


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EXPORT-IMPORT BANK OF THE UNITED STATES

[Public Notice: EIB-2020-0007]


Proposal To Adopt the 2010 Small Business Jobs Act Interim Rule 
as an Alternative Size Standard for Defining a Small Business for 
Export-Import Bank Programs

AGENCY: Export-Import Bank of the United States.

ACTION: Final notice; notification of Small Business Administration 
approval.

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SUMMARY: This document announces that the U.S. Small Business 
Administration (SBA) has approved the request by the Export-Import Bank 
of the United States (EXIM Bank) to adopt the Interim Rule (as defined 
below) set forth in Section 1116 of the Small Business Jobs Act of 2010 
(the Jobs Act) as an alternative size standard for defining a small 
business concern for all of EXIM Bank's programs. The Jobs Act mandated 
that until the SBA establishes a permanent tangible net worth and net 
income based alternative size standard, SBA shall use the following 
alternative size standard for applicants for business loans Section 
7(a) of the Small Business Act (7(a) Loan Program) and applicants for 
development company loans under Title V of the Small Business 
Investment Act of 1958 (504 Loan Program) in addition to the use of 
industry based size standards: Not more than $15 million in tangible 
net worth and not more than $5 million in average net income after 
Federal income taxes (Interim Rule). The SBA currently uses the Interim 
Rule for its 7(a) and 504 Loan Programs to determine size eligibility 
for an applicant if such applicant does not meet the size standards 
that it has established for individual industries as defined under the 
North American Industry Classification System (NAICS). The SBA's 
approval of EXIM Bank's proposal permits EXIM Bank to use the Interim 
Rule as an alternative size standard for identifying small business 
concerns participating in all EXIM Bank programs as follows: First by 
using the industry based size standards and then by applying the 
Interim Rule, if such participant does not qualify as a small business 
concern under the industry based size standards.

DATES: This announcement is made as of August 28, 2020.

FOR FURTHER INFORMATION CONTACT: James Burrows, Senior Vice President, 
Office of Small Business, Export-Import Bank of the United States, at 
[email protected] or 202-565-3801.

SUPPLEMENTARY INFORMATION:
    1. Pursuant to SBA's regulations, specifically 13 CFR 121.901-.904, 
EXIM Bank consulted with the SBA regarding the proposal to adopt the 
Interim Rule to define a small business concern for purposes of EXIM 
Bank programs. On November 22, 2016, EXIM Bank published a notice and 
requested for comments regarding the proposal in the Federal Register 
(81 FR 83836). EXIM Bank did not receive any comments.
    2. By letter dated August 21, 2020, the SBA Administrator approved 
EXIM Bank's request to adopt the Interim Rule as an alternative size 
standard in addition to the use of industry-based size standards 
subject to republication of such standard in the Federal Register.
    3. EXIM Bank will apply the Interim Rule as an alternative size 
standard in addition to using size standards established by SBA for 
individual industries to determine whether or not participants of EXIM 
Bank programs can be categorized as small business concerns.

Joyce B. Stone,
Assistant Corporate Secretary.
[FR Doc. 2020-18981 Filed 8-27-20; 8:45 am]
BILLING CODE 6690-01-P