Notice2022-01642
Reporting and Recordkeeping Requirements Under OMB Review
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
January 27, 2022
Issuing agencies
Small Business Administration
Abstract
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 published the required 60-day public comment notice in the Federal Register on December 2, 2021, and is publishing this notice to allow all interested members of the public an additional 30 days to provide comments on the collection of information.
Full Text
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<title>Federal Register, Volume 87 Issue 18 (Thursday, January 27, 2022)</title>
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[Federal Register Volume 87, Number 18 (Thursday, January 27, 2022)]
[Notices]
[Pages 4322-4323]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-01642]
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SMALL BUSINESS ADMINISTRATION
Reporting and Recordkeeping Requirements Under OMB Review
AGENCY: U.S. 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
published the required 60-day public comment notice in the Federal
Register on December 2, 2021, and is publishing this notice to allow
all interested members of the public an additional 30 days to provide
comments on the collection of information.
DATES: Submit comments on or before March 2, 2022.
ADDRESSES: Written comments and recommendations for this information
collection request should be submitted through ``<a href="http://www.reginfo.gov/public/do/PRAMain">www.reginfo.gov/public/do/PRAMain</a>.'' 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
<a href="/cdn-cgi/l/email-protection#abcacfd9c2cec5c5ce85ccd9c2ced9d8c4c5ebd8c9ca85ccc4dd"><span class="__cf_email__" data-cfemail="ceafaabca7aba0a0abe0a9bca7abbcbda1a08ebdacafe0a9a1b8">[email protected]</span></a>; 202-205-6573, or Curtis B. Rich, Management
Analyst, 202-205-7030; <a href="/cdn-cgi/l/email-protection#07647275736e7429756e646f4774656629606871"><span class="__cf_email__" data-cfemail="b4d7c1c6c0ddc79ac6ddd7dcf4c7d6d59ad3dbc2">[email protected]</span></a>.
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; (2) SBA may
[[Page 4323]]
review a PPP loan at any time; and (3) pending litigation may require
the collection of information. 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. As part of that process, SBA
is requesting comments from the public 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: Paycheck Protection Loan Program Borrower Information Form
and Lender's Application for Loan Guaranty.
OMB Control Number: 3245-0407.
(I) SBA Form 2483--Paycheck Protection Program Borrower Application
Form.
Description of Respondents: PPP loan applicants.
Estimated Number of Respondents: 9,279,434.
Estimated Annual Responses: 9,279,434.
Estimated Annual Hour Burden: 1,237,258.
(II) SBA Form 2483-C--Paycheck Protection Program Borrower Application
From for Schedule C Filers Using Gross Income.
Description of Respondents: PPP loan applicants.
Estimated Number of Respondents: 239,160.
Estimated Annual Responses: 239,160.
Estimated Annual Hour Burden: 31,888.
(III) SBA Form 2484--Paycheck Protection Program Lender's Application--
Paycheck Protection Program Loan Guaranty.
Description of Respondents: PPP lenders.
Estimated Number of Respondents: 5,467.
Estimated Annual Responses: 9,218,594.
Estimated Annual Hour Burden: 3,841,081.
(IV) SBA Form 3506--CARES Act Section 1102 Lender Agreement.
Description of Respondents: PPP lenders.
Estimated Number of Respondents: 775.
Estimated Annual Responses: 775.
Estimated Annual Hour Burden: 129.
(V) SBA Form 3507--CARES Act Section 1102 Lender Agreement--Non-Bank
and Non-Insured Depository Institution Lenders.
Description of Respondents: PPP lenders.
Estimated Number of Respondents: 169.
Estimated Annual Responses: 169.
Estimated Annual Hour Burden: 70.
(VI) SBA Form 3508--Paycheck Protection Program--Loan Forgiveness
Application.
Description of Respondents: PPP borrowers.
Estimated Number of Respondents: 591,180.
Estimated Annual Responses: 591,180.
Estimated Annual Hour Burden: 1,773,539.
(VII) SBA Form 3508EZ--Paycheck Protection Program--PPP Loan
Forgiveness Application Form EZ.
Description of Respondents: PPP borrowers.
Estimated Number of Respondents: 1,773,539.
Estimated Annual Responses: 1,773,539.
Estimated Annual Hour Burden: 591,180.
(VIII) SBA Form 3508S, Paycheck Protection Program--PPP Loan
Forgiveness Application Form 3508S.
Description of Respondents: PPP borrowers.
Estimated Number of Respondents: 9,458,875.
Estimated Annual Responses: 9,458,875.
Estimated Annual Hour Burden: 2,364,719.
(IX) SBA Form 3508D--Paycheck Protection Program Borrower's Disclosure
of Certain Controlling Interests.
Description of Respondents: PPP borrowers.
Estimated Number of Respondents: 350.
Estimated Annual Responses: 350.
Estimated Annual Hour Burden: 29.
(X) [Form Number N/A] Lender Reporting Requirements Concerning Requests
for Loan Forgiveness.
Description of Respondents: PPP lenders.
Estimated Number of Respondents: 5,467.
Estimated Annual Responses: 11,824,000.
Estimated Annual Hour Burden: 2,107,121.
(XI) [Form Number N/A] Lender Reporting Requirements for SBA Loan
Reviews.
Description of Respondents: PPP lenders.
Estimated Number of Respondents: 5,467.
Estimated Annual Responses: 2,000,000.
Estimated Annual Hour Burden: 1,000,000.
Curtis B. Rich,
Management Analyst.
[FR Doc. 2022-01642 Filed 1-26-22; 8:45 am]
BILLING CODE 8026-03-P
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