[Federal Register Volume 87, Number 79 (Monday, April 25, 2022)]
[Notices]
[Pages 24386-24387]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-08692]


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SMALL BUSINESS ADMINISTRATION


Delegations of Authority: Delegations of Authority No. 12-G 
(Revision 1), Amendment 2

AGENCY: U.S. Small Business Administration.

ACTION: Notice of amendment to delegations of authority.

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SUMMARY: This document provides the public notice of the second 
amendment to Delegations of Authority (Delegations), No. 12-G (Revision 
1) as first amended by Amendment 1 which delegated authority for lender 
oversight and enforcement activities by the Administrator of the Small 
Business Administration (``SBA'' or ``Agency'') to the Director, Office 
of Credit Risk Management (D/OCRM), the Lender Oversight Committee 
(LOC), and the Associate Administrator for Office of Capital Access 
(AA/OCA). By this second amendment (hereinafter ``Amendment''), the 
Administrator is revising the voting membership of the Agency's LOC to 
ensure compliance with requirements set forth in statute. This second 
amendment also updates the provision on the LOC's authority to 
redelegate certain enforcement actions.

FOR FURTHER INFORMATION CONTACT: Bethany J. Shana, Office of Credit 
Risk Management, U.S. Small Business Administration, 409 3rd Street SW, 
Washington, DC 20416; telephone number: (202) 205-6402; and electronic 
mail: [email protected].

SUPPLEMENTARY INFORMATION: This document provides the public notice of 
the second amendment to Delegations of Authority No. 12-G (Revision 1) 
(79 FR 56842, September 23, 2014) with respect to SBA's lender 
oversight and enforcement activities. Specifically, this Amendment 
revises the voting members in the Agency's Lender Oversight Committee 
(LOC).
    Section 48(b) of the Small Business Act (15 U.S.C. 657u(b)) governs 
LOC membership. This section provides that the LOC consists of at least 
eight members. Three members of the LOC are to be voting members; two 
of whom must be career appointees in the Senior Executive Service.\1\ 
By amendment dated September 26, 2018 (83 FR 48681), SBA designated the 
following employees as the voting members of the LOC: (i) The Chief 
Financial Officer, a Senior Executive Service career appointee; (ii) 
the Associate Administrator for Capital Access, a Senior Executive 
Service non-career appointee; and (iii) the Associate Administrator for 
Disaster Assistance, a Senior Executive Service career appointee. The 
Chief Financial Officer also served as the LOC Chairperson. 83 FR 
48681.
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    \1\ The remaining members are to be non-voting members who serve 
in an advisory capacity on the LOC.
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    In January of 2022, SBA appointed a non-career member of the Senior 
Executive Service to the Associate Administrator for Office of Disaster 
Assistance (AA/ODA) position. Accordingly, SBA is amending the voting 
membership of the LOC to ensure compliance with the position 
requirements contained in 15 U.S.C. 657u. Effective with this 
Amendment, the following SBA employees are designated as the voting 
members of the LOC: (i) The Chief Financial Officer, a Senior Executive 
Service career appointee; (ii) the Associate Administrator for OCA, a 
Senior Executive Service non-career appointee; and (iii) the Deputy 
Associate Administrator for the Office of Investment and Innovation 
(DAA/OII), a Senior Executive Service career appointee. The Chief 
Financial Officer will continue to serve as the LOC Chairperson. 
Additionally, the LOC non-voting advisory membership will remain the 
same.
    Delegations of Authority No. 12-G (Delegations) also provides for 
redelegation of the LOC's authority to approve enforcement actions. 
Specifically, paragraph IV of the Delegations states that the LOC may 
redelegate to the D/OCRM or a

[[Page 24387]]

subcommittee the authority to approve, disapprove, or modify certain 
enforcement actions and lists, by way of example, Agreement, or 
Memorandum of Understanding (MOU). Subsequent to SBA publishing these 
examples in 2014, SBA updated 13 CFR 120.1500 on types of formal 
enforcement actions. Therefore, SBA is replacing Agreement or MOU to 
cite instead imposition of portfolio guaranty dollar limit, a type of 
formal enforcement action under 13 CFR 120.1500.
    This Amendment replaces sections I.B.6. and IV of the Delegations 
in its entirety, which cover LOC membership, voting, and redelegations, 
as set forth below. All other sections of the Delegations are unchanged 
and continue in effect.
    Delegations of Authority No. 12-G (Revision 1) is amended by 
revising sections I.B.6. and IV to read as follows:
    B. To the Lender Oversight Committee:
* * * * *
    6. The Lender Oversight Committee will consist of SBA's: (i) Chief 
Financial Officer (CFO) (Chairperson and voting member); (ii) AA/OCA 
(voting member); (iii) DAA/OII (voting member); (iv) D/OCRM (non-
voting, recommending advisory member); (v) Director, Office of 
Financial Assistance (non-voting advisory member); (vi) Director, 
Office of Financial Program Operations (non-voting advisory member); 
(vii) Associate Administrator, Office of Field Operations (non-voting 
advisory member); and (viii) General Counsel (non-voting advisory 
member).
* * * * *
    IV. Other than the authority delegated to the Lender Oversight 
Committee in Paragraph I.B.2.b. (enforcement actions), the authorities 
delegated herein to the Lender Oversight Committee may not be 
redelegated. With regard to the authority delegated in Paragraph 
I.B.2.b., the Lender Oversight Committee may redelegate authority to 
the D/OCRM or a subcommittee to approve, disapprove, or modify certain 
enforcement actions (e.g., imposition of portfolio guaranty dollar 
limit).
* * * * *
    Authority: 5 U.S.C. 302; 5 U.S.C. 552(a)(1)(A); 15 U.S.C. 631 note; 
15 U.S.C. 634; 15 U.S.C. 636; 15 U.S.C. 642; 15 U.S.C. 650; 15 U.S.C. 
657t and 657u; 15 U.S.C. 697d, 697e, and 697g; 2 CFR. 2700 et. seq; and 
13 CFR. 120.10, 120.802 and Subpart I.

Isabella Casillas Guzman,
Administrator.
[FR Doc. 2022-08692 Filed 4-22-22; 8:45 am]
BILLING CODE 8026-03-P