[Federal Register Volume 87, Number 19 (Friday, January 28, 2022)]
[Notices]
[Pages 4702-4703]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-01755]


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SMALL BUSINESS ADMINISTRATION


Reporting and Recordkeeping Requirements Under OMB Review

AGENCY: Small Business Administration.

ACTION: 30-Day notice; request for comments.

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SUMMARY: The Small Business Administration will submit the information 
collection described below to the Office of Management and Budget (OMB) 
for review and clearance in accordance with the Paperwork Reduction Act 
of 1995, on or after the date of publication of this notice. SBA is 
publishing this notice to allow all interested members of the public 30 
days to provide comments on the collection of information.

DATES: Submit comments on or before February 28, 2022.

ADDRESSES: Written comments and recommendations for this information 
collection request should be submitted through ``www.reginfo.gov/public/do/PRAMain.'' Find this information collection request by 
selecting ``Small Business Administration''; ``Currently Under 
Review,'' then selecting ``Only Show ICR for Public Comment.'' This 
information collection can be identified by the title and/or OMB 
Control Number identified below.

FOR FURTHER INFORMATION CONTACT: Adrienne Grierson, Program Manager, at 
[email protected]; 202-205-6573, or Curtis B. Rich, Management 
Analyst, 202-205-7030; [email protected].

SUPPLEMENTARY INFORMATION: Section 1102 of the Coronavirus Aid, Relief, 
and Economic Security (CARES) Act, Public Law 116-136, authorized SBA 
to guarantee loans made by banks or other financial institutions under 
a new temporary 7(a) program titled the ``Paycheck Protection Program'' 
(``PPP'') to small businesses, certain non-profit organizations, 
veterans' organizations, Tribal business concerns, independent 
contractors and self-employed individuals adversely impacted by the 
Coronavirus Disease (COVID-19) Emergency. This authority initially 
expired on August 8, 2020. The Economic Aid to Hard-Hit Small 
Businesses, Nonprofits, and Venues Act (Economic Aid Act), Public Law 
116-260, renewed SBA's authority to make PPP loans until March 31, 
2021, and added authority for second draw PPP loans under Sec.  
7(a)(37) of the Small Business Act. The program authority was further 
extended until June 30, 2021, by the PPP Extension Act of 2021, Public 
Law 117-6.
    This information collection is currently approved for the PPP Loan 
Program under the emergency procedures authorized by 5 U.S.C. 3507(j) 
and 5 CFR 1320.13. This approval will expire on January 31, 2022. 
Although SBA's PPP program authority has expired, this information 
collection is still needed for the following reasons: (1) PPP borrowers 
may apply for forgiveness of their loans up to the date of loan 
maturity, which may be as late as 2026; and (2) SBA may review a PPP 
loan at any time. Therefore, as required by the Paperwork Reduction 
Act, SBA is publishing this notice as a prerequisite to seeking OMB's 
approval to ensure this information collection is available for use 
beyond January 31, 2022. SBA did not receive any comments in response 
to the notice published at 86 FR 35144 on July 1, 2021. This notice 
provides another opportunity for the public to submit comments 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 
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: Affiliation Worksheet.
    Form Number: SBA Form 3511.

[[Page 4703]]

    OMB Control Number: 3245-0416.
    Description of respondents: Paycheck Protection Program Borrowers 
and Lenders.
    Estimated number of respondents (Borrowers): 37,500.
    Estimated time per response: 45 minutes.
    Estimated number of respondents (Lenders): 5,000.
    Estimated time per response: 15 minutes.
    Total estimated annual responses: 42,500.
    Total Estimated Annual Hour Burden: 37,500 hours.

Curtis B. Rich,
Management Analyst.
[FR Doc. 2022-01755 Filed 1-27-22; 8:45 am]
BILLING CODE 8026-03-P