[Federal Register Volume 88, Number 239 (Thursday, December 14, 2023)]
[Notices]
[Pages 86731-86732]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-27489]


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DEPARTMENT OF THE TREASURY


Agency Information Collection Activities; Submission for OMB 
Review; Comment Request; State Small Business Credit Initiative

AGENCY: Departmental Offices, U.S. Department of the Treasury.

ACTION: Notice.

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SUMMARY: The Department of the Treasury will submit the following 
information collection request 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. The public is invited to submit comments on this request.

DATES: Written comments must be received on or before January 16, 2024 
to be assured of consideration.

ADDRESSES: Written comments and recommendations for the proposed 
information collection should be sent within 30 days of publication of 
this notice to www.reginfo.gov/public/do/PRAMain. Find this particular 
information collection by selecting ``Currently under Review--Open for 
Public Comments'' or by using the search function.

FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be 
obtained from Spencer W. Clark by emailing [email protected], calling 
(202) 927-5331, or viewing the entire information collection request at 
www.reginfo.gov.

SUPPLEMENTARY INFORMATION: 
    Title: State Small Business Credit Initiative.
    OMB Control Number: 1505-0227.
    Type of Review: Revision of a currently approved collection.
    Description: This information collection captures information 
related to the State Small Business Credit Initiative (SSBCI). The 
American Rescue Plan Act of 2021 (ARPA) reauthorized and amended the 
Small Business Jobs Act of 2010 (SSBCI statute) to fund the SSBCI as a 
response to the economic effects of the COVID-19 pandemic.\1\ SSBCI is 
a Federal program administered by the U.S. Department of the Treasury 
(Treasury) that was created to strengthen the programs of jurisdictions 
(i.e., States, the District of Columbia, Territories, Tribal 
governments) that support private financing for small businesses as 
well as to provide technical assistance (TA) to qualifying small 
businesses. Under the allocation formula-based TA Grant Program, 
Treasury awards Federal grants to eligible jurisdictions for the 
provision of legal, accounting, and financial advisory services to 
qualifying small businesses applying for the SSBCI Capital Program and 
other Federal or other jurisdiction small business programs. Treasury 
is updating the burden estimate for OMB Control

[[Page 86732]]

Number 1505-0227 to better account for applications received under the 
SSBCI Capital and TA Grant Programs,\2\ as well as the reporting 
requirements under the TA Grant Program: \3\
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    \1\ ARPA, Public Law 117-2, sec. 3301, codified at 12 U.S.C. 
5701 et seq. SSBCI was originally established in title III of the 
Small Business Jobs Act of 2010.
    \2\ Treasury originally estimated it would receive 500 SSBCI 
Capital Program applications, but received approximately 200 
applications. Similarly, Treasury originally estimated it would 
receive 500 TA Grant Program applications, but now expects that 
number to be approximately 138 applications.
    \3\ Treasury has published draft TA Grant Program Reporting 
Guidance on its website at https://home.treasury.gov/system/files/136/SSBCI-Technical-Assistance-Reporting-Guidance.pdf.
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    Form: Treasury's reporting portal, various templates.
    Affected Public: State, Territorial and Tribal governments, small 
businesses.
    Estimated Number of Respondents: 200.
    Frequency of Response: Once, on occasion, annually, semiannually, 
quarterly.
    Estimated Total Number of Annual Responses: 112,376.
    Estimated Time per Response: Varies by response type.
    Estimated Total Annual Burden Hours: 24,877.
    Authority: 44 U.S.C. 3501 et seq.

Spencer W. Clark,
Treasury PRA Clearance Officer.
[FR Doc. 2023-27489 Filed 12-13-23; 8:45 am]
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