[Federal Register Volume 89, Number 183 (Friday, September 20, 2024)]
[Notices]
[Page 77218]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-21493]


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SMALL BUSINESS ADMINISTRATION


Data Collection Available for Public Comments

AGENCY: Small Business Administration.

ACTION: 60-Day notice; request for comments.

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SUMMARY: The Small Business Administration (SBA) is publishing this 
notice in compliance with the Paperwork Reduction Act (PRA) of 1995, as 
amended, to solicit public comments on the information collection 
described below. The PRA requires publication of this notice before 
submitting the information collection to the Office of Management and 
Budget (OMB) for review and approval.

DATES: Submit comments on or before November 19, 2024.

ADDRESSES: Comments should refer to the information collection by title 
or OMB Control Number (3245-0417) and submitted by the deadline above 
to: [email protected].

FOR FURTHER INFORMATION CONTACT: You may obtain information including a 
copy of the forms and supporting documents from the Agency Clearance 
Officer, Curtis Rich, at (202) 205-7030, or [email protected], or 
from Adrienne Grierson, Program Manager, Office of Financial Program 
Operations, at 202-205-6573, or [email protected].

SUPPLEMENTARY INFORMATION:

Background

    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 temporary program 
titled the ``Paycheck Protection Program'' (PPP). These loans were 
available to eligible small businesses, certain non-profit 
organizations, veterans' organizations, Tribal business concerns, 
independent contractors, and self-employed individuals adversely 
impacted by the COVID-19 Emergency. SBA's authority to guarantee PPP 
loans expired on August 8, 2020. On December 27, 2020, SBA received 
reauthorization under the Economic Aid Act, Public Law 116-260, to 
resume guaranteeing PPP loans through March 31, 2021. The Economic Aid 
Act also allowed certain eligible borrowers that previously received a 
PPP loan to receive a second draw PPP loan (``Second Draw PPP Loan 
Program'') and amended certain other PPP statutory provisions. On March 
11, 2021, the American Rescue Plan Act, Public Law 117-2, was enacted, 
amending various PPP statutory provisions. On March 30, 2021, the PPP 
Extension Act of 2021 was enacted, extending the SBA's PPP program 
authority through June 30, 2021.
    This information collection is used for the Second Draw PPP Loan 
Program. This approval is set to expire on November 30, 2024. Although 
SBA's program authority has expired, this information collection is 
still needed. SBA recently published an Interim Final Rule on Paycheck 
Protection Program--Extension of Lender Records Retention Requirements 
(89 FR 68090, August 23, 2024), extending the PPP loan records 
retention requirements for PPP lenders to ten years from the date of 
disposition of each individual PPP loan. Because the PPP lender 
recordkeeping requirements have been extended, this information 
collection needs to be extended accordingly. Therefore, as required by 
the Paperwork Reduction Act, SBA is publishing this notice as a 
prerequisite to seeking OMB's approval to use this information 
collection beyond November 30, 2024. There are no proposed changes to 
any of the forms.

Summary of Information Collection

Title: Paycheck Protection Loan Program--Second Draw

    OMB Control Number: 3245-0417.
(I) SBA Form 2483--Paycheck Protection Program Second Draw Application
    Estimated Number of Respondents: 0.
    Estimated Annual Responses: 0.
    Estimated Annual Hour Burden: 14,962.
(II) SBA Form 2483-SD-C--Paycheck Protection Program Second Draw 
Application for Schedule C Filers Using Gross Income
    Estimated Number of Respondents: 0.
    Estimated Annual Responses: 0.
    Estimated Annual Hour Burden: 9,316.
(III) SBA FORM 2484-SD--Paycheck Protection Program Second Draw 
Lender's Application for 7(A) Guaranty
    Estimated Number of Respondents: 0.
    Estimated Annual Responses: 0.
    Estimated Annual Hour Burden: 24,278.

Solicitation of Public Comments

    SBA invites the public to submit comments, including specific and 
detailed suggestions on ways to improve the collection and reduce the 
burden on respondents. Commenters should also address (i) whether the 
information collection is necessary for the proper performance of SBA's 
functions, including whether it has any practical utility; (ii) the 
accuracy of the estimated burdens; (iii) ways to enhance the quality, 
utility, and clarity of the information to be collected; and (iv) the 
use of automated collection techniques or other forms of information 
technology to minimize the information collection burden on those who 
are required to respond.

Curtis Rich,
Agency Clearance Officer.
[FR Doc. 2024-21493 Filed 9-19-24; 8:45 am]
BILLING CODE 8026-09-P