[Federal Register Volume 86, Number 127 (Wednesday, July 7, 2021)]
[Notices]
[Page 35864]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-14395]


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SMALL BUSINESS ADMINISTRATION


Reporting and Recordkeeping Requirements Under OMB Review

AGENCY: Small Business Administration.

ACTION: 30-Day notice.

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SUMMARY: The Small Business Administration (SBA) is seeking approval 
from the Office of Management and Budget (OMB) for the information 
collection described below. In accordance with the Paperwork Reduction 
Act and OMB procedures, SBA is publishing this notice to allow all 
interested member of the public an additional 30 days to provide 
comments on the proposed collection of information.

DATES: Submit comments on or before August 6, 2021.

ADDRESSES: Written comments and recommendations for this information 
collection request should be sent within 30 days of publication of this 
notice to www.reginfo.gov/public/do/PRAMain. Find this particular 
information collection request by selecting ``Small Business 
Administration''; ``Currently Under Review,'' then select the ``Only 
Show ICR for Public Comment'' checkbox. This information collection can 
be identified by title and/or OMB Control Number.

FOR FURTHER INFORMATION CONTACT: You may obtain a copy of the 
information collection and supporting documents from the Agency 
Clearance Office at [email protected]; (202) 205-7030, or from 
www.reginfo.gov/public/do/PRAMain.

SUPPLEMENTARY INFORMATION: On March 27, 2020, the Coronavirus Aid, 
Relief and Economic Security Act (the CARES Act), Public Law 116-136, 
was enacted to provide emergency and immediate national economic relief 
and assistance across the American economy, including to small 
businesses, workers, families, and the health-care system, to alleviate 
the severe economic hardships and public health threat created by the 
2019 Novel Coronavirus pandemic. Section 1112 of the CARES Act, as set 
forth in Public Law 116-136, authorizes SBA to pay, for a 6-month 
period, the principal, interest, and associated fees (subsidy debt 
relief) to eligible borrowers in the 7(a), 504, and Microloan Programs. 
Under Section 325 of the Economic Aid to Hard-Hit Small Businesses, 
Nonprofits, and Venues Act (Economic Aid Act), enacted December 27, 
2020, Public Law 116-260, Congress amended and extended the Section 
1112 subsidy debt relief payments subject to the availability of funds 
appropriated by Congress.
    The purpose of the Section 1112 Gross Loan Payment Template allows 
SBA to accurately make payments to the lender on behalf of the 
borrower. Therefore, each SBA participating lender with an eligible 
loan(s) must submit a request to SBA for each eligible loan with the 
gross monthly payment due including accrued interest and associated 
fees due. SBA will reconcile those amounts and transmit the funds 
electronically to the lender on behalf of the borrower in accordance 
with the provisions set forth in the CARES Act and Economic Aid Act.
    Solicitation of Public Comments:
    Comments may be submitted on (a) whether the collection of 
information is necessary for the agency to properly perform its 
functions; (b) whether the burden estimates are accurate; (c) whether 
there are ways to minimize the burden, including through the use of 
automated techniques or other forms of information technology; and (d) 
whether there are ways to enhance the quality, utility, and clarity of 
the information.
    Title: CARES Act Section 1112 Gross Loan Payment.
    Description of Respondents: 7(a), 504, and Microloan Program 
Participants.
    Estimated Number of Respondents: 2,965.
    Estimated Annual Responses: 2,965.
    Estimated Annual Hour Burden: 9,142.


Curtis Rich,
Management Analyst.
[FR Doc. 2021-14395 Filed 7-6-21; 8:45 am]
BILLING CODE 8026-03-P