Business Loan Program Temporary Changes; Paycheck Protection Program-Additional Eligibility Revisions to First Interim Final Rule

Summary

A Small Business Administration interim final rule, "Paycheck Protection Program-Additional Eligibility Revisions to First Interim Final Rule", published in the Federal Register, Vol. 85, No. 124, on Friday, June 26, 2020, under 13 CFR Part 120, RIN 3245–AH53, docket number SBA–2020–0039. It further revises SBA's interim final rule published in the Federal Register on April 15, 2020, including the requirement related to felony convictions of applicants or owners of the applicant. It states that the First Interim Final Rule, as amended, should be interpreted consistently with the PPP frequently asked questions posted on SBA's website and the other interim final rules. The same pages carry a Bureau interpretive rule under Regulation Z.

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Federal Register / Vol. 85, No. 124 / Friday, June 26, 2020 / Rules and Regulations 38301

the applicant’s or co-applicant’s day delayed effective date for SMALL BUSINESS ADMINISTRATION
ethnicity, race, sex, and age as ‘‘not substantive rules under section 553(d)
applicable’’ if the applicant or co- of the Administrative Procedure Act.7 13 CFR Part 120
applicant is not a natural person. For Therefore, this rule is effective on June
these reasons, the Bureau will not count [Docket No. SBA–2020–0039]
26, 2020, the same date that it is
first-lien originations reported in HMDA published in the Federal Register. RIN 3245–AH53
data for which both the applicant’s and
co-applicant’s ethnicity, race, sex, and III. Regulatory Requirements
Business Loan Program Temporary
age all are reported as follows: (1) The Changes; Paycheck Protection
This rule articulates the Bureau’s
applicant’s ethnicity is reported as ‘‘Not Program—Additional Eligibility
interpretation of Regulation Z and TILA.
applicable’’ (HMDA Code 4); (2) the Revisions to First Interim Final Rule
applicant’s race is reported as ‘‘Not As an interpretive rule, it is exempt
applicable’’ (HMDA Code 7); (3) the from the notice-and-comment AGENCY: U.S. Small Business
applicant’s sex is reported as ‘‘Not rulemaking requirements of the Administration.
applicable’’ (HMDA Code 4); (4) the Administrative Procedure Act.8 Because ACTION: Interim final rule.
applicant’s age is reported as ‘‘Not no notice of proposed rulemaking is
applicable’’ (HMDA Code 8888); (5) the required, the Regulatory Flexibility Act SUMMARY: On April 2, 2020, the U.S.
co-applicant’s ethnicity is reported as does not require an initial or final Small Business Administration (SBA)
‘‘Not applicable’’ (HMDA Code 4) or regulatory flexibility analysis.9 posted on its website an interim final
‘‘No co-applicant’’ (HMDA Code 5); (6) The Bureau has determined that this rule relating to the implementation of
the co-applicant’s race is reported as interpretive rule does not impose any sections 1102 and 1106 of the
‘‘Not applicable’’ (HMDA Code 7) or Coronavirus Aid, Relief, and Economic
new requirements or revise any existing
‘‘No co-applicant’’ (HMDA Code 8); (7) Security Act (CARES Act or the Act)
recordkeeping, reporting, or disclosure
the co-applicant’s sex is reported as (published in the Federal Register on
requirements on covered entities or
‘‘Not applicable’’ (HMDA Code 4) or April 15, 2020). Section 1102 of the Act
members of the public that would be temporarily adds a new product, titled
‘‘No co-applicant’’ (HMDA Code 5); and collections of information requiring
(8) the co-applicant’s age is reported as the ‘‘Paycheck Protection Program,’’ to
approval by the Office of Management the U.S. Small Business
‘‘Not applicable’’ (HMDA Code 8888) or
and Budget under the Paperwork Administration’s (SBA’s) 7(a) Loan
‘‘No co-applicant’’ (HMDA Code 9999).
Reduction Act.10 Program. Subsequently, SBA issued a
The underserved counties list, using
the HMDA data described above, can be IV. Congressional Review Act number of interim final rules
found on the Bureau’s public website at implementing the Paycheck Protection
https://www.consumerfinance.gov/ Pursuant to the Congressional Review Program. On June 12, 2020, SBA posted
policy-compliance/guidance/mortgage- Act,11 the Bureau will submit a report on its website an interim final rule
resources/rural-and-underserved- containing this interpretive rule and revising the interim final rule published
counties-list/, where, consistent with other required information to the United in the Federal Register on April 15,
past practice, the list is made available States Senate, the United States House 2020 by changing the eligibility
along with historical lists. of Representatives, and the Comptroller requirement related to felony
General of the United States prior to the convictions of applicants or owners of
C. Legal Authority the applicant. This interim final rule
rule’s published effective date. The
The Bureau is issuing this interpretive Office of Information and Regulatory further revises SBA’s interim final rule
rule based on its authority to interpret Affairs has designated this interpretive published in the Federal Register on
Regulation Z, including under section rule as not a ‘‘major rule’’ as defined by April 15, 2020, by further changing that
1022(b)(1) of the Dodd-Frank Act, which eligibility requirement.
5 U.S.C. 804(2).
authorizes guidance as may be DATES:
necessary or appropriate to enable the V. Signing Authority Effective date: The provisions in this
Bureau to administer and carry out the interim final rule are effective June 24,
purposes and objectives of Federal The Director of the Bureau, having 2020.
consumer financial laws.5 reviewed and approved this document, Comment date: Comments must be
By operation of TILA section 130(f), is delegating the authority to received on or before July 27, 2020.
no provision of TILA sections 130, electronically sign this document to
ADDRESSES: You may submit comments,
108(b), 108(c), 108(e), or 112 imposing Laura Galban, a Bureau Federal Register
identified by number SBA–2020–0039,
any liability applies to any act done or Liaison, for purposes of publication in through the Federal eRulemaking Portal:
omitted in good faith in conformity with the Federal Register. http://www.regulations.gov. Follow the
this interpretive rule, notwithstanding Dated: June 23, 2020. instructions for submitting comments.
that after such act or omission has SBA will post all comments on
Laura Galban,
occurred, the interpretive rule is www.regulations.gov. If you wish to
amended, rescinded, or determined by Federal Register Liaison, Bureau of Consumer
Financial Protection. submit confidential business
judicial or other authority to be invalid information (CBI) as defined in the User
for any reason.6 [FR Doc. 2020–13801 Filed 6–25–20; 8:45 am]
Notice at www.regulations.gov, please
BILLING CODE 4810–AM–P
II. Effective Date send an email to ppp-ifr@sba.gov.
Highlight the information that you
Because this rule is solely

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consider to be CBI and explain why you
interpretive, it is not subject to the 30- 7 5 U.S.C. 553(d). believe SBA should hold this
5 12 U.S.C. 5512(b)(1). The relevant provisions of
8 5 U.S.C. 553(b). information as confidential. SBA will
Regulation Z form part of Federal consumer
9 5 U.S.C. 603(a), 604(a). review the information and make the
financial law. 12 U.S.C. 5481(12)(O), (14). 10 44 U.S.C. 3501 et seq. final determination whether it will
6 15 U.S.C. 1640(f). 11 5 U.S.C. 801 et seq. publish the information.

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38302 Federal Register / Vol. 85, No. 124 / Friday, June 26, 2020 / Rules and Regulations

FOR FURTHER INFORMATION CONTACT: A payments, and the forgiveness of PPP interim final rule posted on SBA’s
Call Center Representative at 833–572– loans. website on June 12, 2020 and published
0502, or the local SBA Field Office; the in the Federal Register on June 18, 2020
II. Comments and Immediate Effective
list of offices can be found at https:// (85 FR 36717). The First Interim Final
Date
www.sba.gov/tools/local-assistance/ Rule, as amended, should be interpreted
districtoffices. This interim final rule is effective consistent with the frequently asked
without advance notice and public questions (FAQs) regarding the PPP that
SUPPLEMENTARY INFORMATION:
comment because section 1114 of the are posted on SBA’s website 1 and the
I. Background Information CARES Act authorizes SBA to issue other interim final rules issued
On March 13, 2020, President Trump regulations to implement Title I of the regarding the PPP.2
declared the ongoing Coronavirus Act without regard to notice
1. Changes to the First Interim Final
Disease 2019 (COVID–19) pandemic of requirements. In addition, SBA has
Rule
sufficient severity and magnitude to determined that there is good cause for
dispensing with advance public notice Eligibility Requirements
warrant an emergency declaration for all
states, territories, and the District of and comment on the grounds that that The First Interim Final Rule provided,
Columbia. With the COVID–19 it would be contrary to the public among other things, that a PPP loan will
emergency, many small businesses interest. Specifically, advance public not be approved if an owner of 20
nationwide are experiencing economic notice and comment would defeat the percent or more of the equity of the
hardship as a direct result of the purpose of this interim final rule given applicant has been convicted of a felony
Federal, State, and local public health that SBA’s authority to guarantee PPP within the last five years. On June 12,
measures that are being taken to loans expires on June 30, 2020. These 2020, the First Interim Final Rule was
minimize the public’s exposure to the same reasons provide good cause for amended after the Administrator, in
virus. These measures, some of which SBA to dispense with the 30-day consultation with the Secretary of the
are government-mandated, have been delayed effective date provided in the Treasury (the Secretary), determined
implemented nationwide and include Administrative Procedure Act (APA). that a shorter timeframe for felonies that
the closures of restaurants, bars, and Although this interim final rule is do not involve fraud, bribery,
gyms. In addition, based on the advice effective on or before date of filing, embezzlement, or a false statement in a
of public health officials, other comments are solicited from interested loan application or an application for
measures, such as keeping a safe members of the public on all aspects of federal financial assistance is more
distance from others or even stay-at- the interim final rule, including section consistent with Congressional intent to
home orders, have been implemented, III below. These comments must be provide relief to small businesses and
resulting in a dramatic decrease in submitted on or before July 27, 2020. also promotes the important policies
economic activity as the public avoids The SBA will consider these comments, underlying the First Step Act of 2018
malls, retail stores, and other comments received on the interim final (Pub. L. 115–391).
businesses. rule posted on SBA’s website April 2, Upon further consideration, and in
On March 27, 2020, the President 2020 (the First Interim Final Rule) and consultation with the Secretary, the
signed the Coronavirus Aid, Relief, and published in the Federal Register on Administrator has determined that two
Economic Security Act (the CARES Act April 15, 2020, comments received on additional modifications to the First
or the Act) (Pub. L. 116–136) to provide the interim final rule posted on SBA’s Interim Final Rule are appropriate to
emergency assistance and health care website June 12, 2020 and published in ensure a consistent approach to
response for individuals, families, and the Federal Register on June 18, 2010, applicants with criminal histories. First,
businesses affected by the coronavirus and the need for making any revisions the First Interim Final Rule provided
pandemic. The Small Business as a result of these comments. that an applicant is ineligible for a PPP
Administration (SBA) received funding III. Paycheck Protection Program— loan if an owner of 20 percent or more
and authority through the Act to modify Additional Eligibility Revisions to First of the equity of the applicant is
existing loan programs and establish a Interim Final Rule (85 FR 20811) presently subject to an indictment,
new loan program to assist small criminal information, arraignment, or
businesses nationwide adversely Overview other means by which formal criminal
impacted by the COVID–19 emergency. The CARES Act was enacted to charges are brought in any jurisdiction.
Section 1102 of the Act temporarily provide immediate assistance to The Administrator has determined that
permits SBA to guarantee 100 percent of individuals, families, and businesses this restriction should be limited to
7(a) loans under a new program titled affected by the COVID–19 emergency. pending criminal charges for felony
the ‘‘Paycheck Protection Program.’’ Among the provisions contained in the offenses, which aligns with the
Section 1106 of the Act provides for CARES Act are provisions authorizing Administrator’s prior determination that
forgiveness of up to the full principal SBA to temporarily guarantee loans only felony convictions (but not
amount of qualifying loans guaranteed under a new 7(a) loan program titled the convictions for other types of offenses)
under the Paycheck Protection Program. ‘‘Paycheck Protection Program.’’ Loans will limit an applicant’s eligibility for
On April 24, 2020, the President guaranteed under the Paycheck the PPP, subject to the time periods
signed the Paycheck Protection Program Protection Program (PPP) will be 100 specified above. Second, the First
and Health Care Enhancement Act (Pub. percent guaranteed by SBA, and the full Interim Final Rule provided that an
L. 116–139), which provided additional principal amount of the loans may applicant was ineligible for a PPP loan
funding and authority for the PPP. On qualify for loan forgiveness. The if an owner of 20 percent or more of the
equity of the applicant is on probation

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June 5, 2020, the President signed the purpose of this interim final rule is to
Paycheck Protection Program Flexibility make further changes to the First
1 See https://www.sba.gov/document/support--
Act of 2020 (Flexibility Act) (Pub. L. Interim Final Rule, posted on SBA’s
faq-lenders-borrowers.
116–142), which changed provisions of website on April 2, 2020, and published 2 See https://www.sba.gov/funding-programs/
the PPP relating to the maturity of PPP in the Federal Register on April 15, loans/coronavirus-relief-options/paycheck-
loans, the deferral of PPP loan 2020 (85 FR 20811), as amended by the protection-program.

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Federal Register / Vol. 85, No. 124 / Friday, June 26, 2020 / Rules and Regulations 38303

or on parole. The Administrator has the CARES Act, PPP loans may only be Secretary, has determined that a longer
determined that this restriction should forgiven in cases where borrowers can five-year limitation is appropriate for
be limited to individuals whose document that the proceeds were felonies involving fraud, bribery,
probation or parole commenced within expended in accordance with the embezzlement, or a false statement in a
the time periods specified above—i.e., requirements of section 1106. In loan application or an application for
within the last five years for any felony situations where the proceeds have not federal financial assistance because
involving fraud, bribery, embezzlement, been used appropriately, and the loans, such felonies are most relevant to the
or a false statement in a loan application accordingly, cannot be forgiven, the applicant’s business integrity and
or an application for federal financial borrowers’ ability to repay the loans responsibility, and may indicate a
assistance, and within the last one year remains an important consideration. In greater risk of potential misuse of PPP
for other felonies. Applying these time addition, ineligibility for businesses loan funds.
limitations to the probation and parole whose owners are currently incarcerated Each of the ineligible applicant
restriction aligns with the will help prevent misuse of PPP loan categories described above has been
Administrator’s prior determination to funds, irrespective of loan forgiveness formulated to reduce the risk of default
apply the identical time limitations to considerations. and fraud in the PPP and to ensure that
felony convictions. Moreover, aligning Under the First Interim Final Rule, as PPP loan funds are provided for small
the time limitations applicable to these amended, an applicant is also ineligible businesses that will be able to support
restrictions is consistent with if an owner of 20 percent or more of its jobs, consistent with Congressional
Congressional intent to provide relief to equity is, for any felony, subject to an intent in the CARES Act. These
small businesses and also promotes the indictment, criminal information, measures are particularly necessary in
important policies underlying the First arraignment, or other means by which light of the structure of the PPP, in
Step Act of 2018 (Pub. L. 115–391). This formal criminal charges are brought in which lenders are subject to relatively
amendment does not affect the rule any jurisdiction. Individuals charged few underwriting obligations before
regarding applicants that are presently with felonies are at risk of issuing loans that are 100 percent
suspended, debarred, or proposed for imprisonment, which, as discussed guaranteed by SBA and that may be
debarment, which remains effective. above, could place the creditworthiness subject to full forgiveness based on
Therefore, Part III.2.b.iii. of the First of their businesses in question. documentation provided by the
Interim Final Rule (85 FR 20811, 20812) Therefore, the Administrator, in borrower. While neither lenders nor
is revised to read as follows: consultation with the Secretary, has SBA are conducting typical analysis of
b. Could I be ineligible even if I meet determined that this limitation also the characteristics of PPP applicants, the
the eligibility requirements in (a) above? remains appropriate to ensure that PPP measures described above are intended
You are ineligible for a PPP loan if, for funds are not allocated to an applicant to mitigate the risk of default, fraud, or
example: for which a recent felony charge may misuse of PPP loan funds intended to
impair its ongoing business operations benefit small business employees and at
* * * * *
and therefore its ability to repay a PPP the same time balance that need with
iii. An owner of 20 percent or more
loan for reasons unrelated to the the need to assist in the rehabilitation of
of the equity of the applicant is
COVID–19 pandemic. felons, who are working to become
presently incarcerated or, for any felony, Finally, under the First Interim Final
presently subject to an indictment, responsible and productive members of
Rule, as amended, an applicant is
criminal information, arraignment, or society.
ineligible if an owner of 20 percent or
other means by which formal criminal more of its equity has been convicted of, 2. Additional Information
charges are brought in any jurisdiction; pleaded guilty or nolo contendere to, or
or has been convicted of, pleaded guilty SBA may provide further guidance, if
commenced any form of parole or needed, through SBA notices which will
or nolo contendere to, or commenced probation (including probation before
any form of parole or probation be posted on SBA’s website at
judgment) for, a felony involving fraud, www.sba.gov. Questions on the
(including probation before judgment) bribery, embezzlement, or a false
for, a felony involving fraud, bribery, Paycheck Protection Program may be
statement in a loan application or an directed to the Lender Relations
embezzlement, or a false statement in a application for federal financial
loan application or an application for Specialist in the local SBA Field Office.
assistance within the last five years or The local SBA Field Office may be
federal financial assistance within the any other felony within the last year.
last five years or any other felony within found at https://www.sba.gov/tools/
The Administrator, in consultation with
the last year; or local-assistance/districtoffices.
the Secretary, has determined that, in
* * * * * order to ensure program integrity and Compliance With Executive Orders
Under the First Interim Final Rule, as safeguard against misuse of PPP funds, 12866, 12988, 13132, 13563, and 13771,
amended, an applicant is ineligible if an it remains appropriate to require that the Paperwork Reduction Act (44 U.S.C.
owner of 20 percent or more of its applicants whose owners previously Ch. 35), and the Regulatory Flexibility
equity is presently incarcerated. In were convicted of or pleaded guilty or Act (5 U.S.C. 601–612)
considering this amended Interim Final nolo contendere to a felony offense have
Rule the Administrator, in consultation Executive Orders 12866, 13563, and
avoided a further felony charge
with the Secretary, has determined that following conviction or incarceration for 13771
this restriction on eligibility remains a period of at least one year before This interim final rule is
appropriate because the operations of obtaining a PPP loan. This interval economically significant for the
small business concerns present a provides a reasonable level of assurance purposes of Executive Orders 12866 and

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greater danger of becoming impaired that such applicants do not present 13563, and is considered a major rule
when their owners are incarcerated. As unacceptable risks of re-incarceration under the Congressional Review Act.
a result, they may have greater difficulty that could, as discussed above, SBA, however, is proceeding under the
repaying their loans and present a undermine the ability of their emergency provision at Executive Order
greater credit risk. Although PPP loans businesses to repay their PPP loans. The 12866 Section 6(a)(3)(D) based on the
may be forgiven under section 1106 of Administrator, in consultation with the need to move expeditiously to mitigate

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38304 Federal Register / Vol. 85, No. 124 / Friday, June 26, 2020 / Rules and Regulations

the current economic conditions arising Register. 5 U.S.C. 603, 604. Specifically, SMALL BUSINESS ADMINISTRATION
from the COVID–19 emergency. This the RFA normally requires agencies to
rule’s designation under Executive describe the impact of a rulemaking on 13 CFR Part 120
Order 13771 will be informed by public small entities by providing a regulatory
[Docket No. SBA–2020–0038]
comment. impact analysis. Such analysis must
This rule is necessary to implement address the consideration of regulatory RIN 3245–AH52
Sections 1102 and 1106 of the CARES options that would lessen the economic
Act and the Flexibility Act in order to effect of the rule on small entities. The DEPARTMENT OF THE TREASURY
provide economic relief to small RFA defines a ‘‘small entity’’ as (1) a
RIN 1505–AC70
businesses nationwide adversely proprietary firm meeting the size
impacted under the COVID–19 standards of the Small Business Business Loan Program Temporary
Emergency Declaration. We anticipate Administration (SBA); (2) a nonprofit Changes; Paycheck Protection
that this rule will result in substantial organization that is not dominant in its Program—Revisions to Loan
benefits to small businesses, their field; or (3) a small government Forgiveness and Loan Review
employees, and the communities they jurisdiction with a population of less Procedures Interim Final Rules
serve. However, we lack data to estimate than 50,000. 5 U.S.C. 601(3)–(6). Except
the effects of this rule. for such small government jurisdictions, AGENCY: U.S. Small Business
neither State nor local governments are Administration; Department of the
Executive Order 12988
‘‘small entities.’’ Similarly, for purposes Treasury.
SBA has drafted this rule, to the of the RFA, individual persons are not ACTION: Interim final rule.
extent practicable, in accordance with small entities.
the standards set forth in section 3(a) The requirement to conduct a SUMMARY: On April 2, 2020, the U.S.
and 3(b)(2) of Executive Order 12988, to regulatory impact analysis does not Small Business Administration (SBA)
minimize litigation, eliminate apply if the head of the agency ‘‘certifies posted on its website an interim final
ambiguity, and reduce burden. The rule that the rule will not, if promulgated, rule relating to the implementation of
has no preemptive effect but does have have a significant economic impact on sections 1102 and 1106 of the
a limited retroactive effect consistent a substantial number of small entities.’’ Coronavirus Aid, Relief, and Economic
with section 3(d) of the Flexibility Act. 5 U.S.C. 605(b). The agency must, Security Act (CARES Act or the Act)
Executive Order 13132 however, publish the certification in the (published in the Federal Register on
Federal Register at the time of April 15, 2020). Section 1102 of the Act
SBA has determined that this rule temporarily adds a new product, titled
will not have substantial direct effects publication of the rule, ‘‘along with a
statement providing the factual basis for the ‘‘Paycheck Protection Program,’’ to
on the States, on the relationship the SBA’s 7(a) Loan Program.
between the National Government and such certification.’’ If the agency head
has not waived the requirements for a Subsequently, SBA and Treasury issued
the States, or on the distribution of additional interim final rules
power and responsibilities among the regulatory flexibility analysis in
accordance with the RFA’s waiver implementing the Paycheck Protection
various layers of government. Therefore, Program. On June 5, 2020, the Paycheck
SBA has determined that this rule has provision, and no other RFA exception
applies, the agency must prepare the Protection Program Flexibility Act of
no federalism implications warranting 2020 (Flexibility Act) was signed into
preparation of a federalism assessment. regulatory flexibility analysis and
publish it in the Federal Register at the law, amending the CARES Act. This
Paperwork Reduction Act, 44 U.S.C. time of promulgation or, if the rule is interim final rule revises interim final
Chapter 35 promulgated in response to an rules posted on SBA’s and the
emergency that makes timely Department of the Treasury’s websites
SBA has determined that this rule on May 22, 2020 (published on June 1,
will require modification to the existing compliance impracticable, within 180
days of publication of the final rule. 5 2020, in the Federal Register), by
PPP information collection that is changing key provisions to conform to
approved under OMB Control Number U.S.C. 604(a), 608(b).
the Flexibility Act. Several of these
3245–0407 as an emergency request Rules that are exempt from notice and
amendments are retroactive to the date
until October 31, 2020. As discussed comment are also exempt from the RFA
of enactment of the CARES Act, as
above, this rule amends the PPP requirements, including conducting a
required by section 3(d) of the
eligibility requirements regarding regulatory flexibility analysis, when
Flexibility Act.
certain criminal activity. As a result of among other things the agency for good
cause finds that notice and public DATES:
these amendments, conforming changes
will be made to Questions 5 and 6 of procedure are impracticable, Effective Date: This interim final rule
Form 2483, Borrower Application Form, unnecessary, or contrary to the public is effective March 27, 2020, except for
and Section H of Form 2484, Lender interest. Small Business the provision relating to the maturity
Application Form. SBA will submit the Administration’s Office of Advocacy date of PPP loans, which is effective
revisions to these forms to the Office of guide: How to Comply with the June 5, 2020, and the provision relating
Management and Budget for approval. Regulatory Flexibility Act, Ch.1. p.9. to the cap on the amount of loan
Accordingly, SBA is not required to forgiveness for owner-employees and
Regulatory Flexibility Act (RFA) conduct a regulatory flexibility analysis. self-employed individuals, which is
The Regulatory Flexibility Act (RFA) effective on June 24, 2020.
Authority: 15 U.S.C. 636(a)(36); Comment Date: Comments must be
generally requires that when an agency Coronavirus Aid, Relief, and Economic
received on or before July 27, 2020.

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issues a proposed rule, or a final rule Security Act, Pub. L. 116–136, Section 1114.
pursuant to section 553(b) of the APA or ADDRESSES: You may submit comments,
another law, the agency must prepare a Jovita Carranza, identified by number SBA–2020–0038,
regulatory flexibility analysis that meets Administrator. through the Federal eRulemaking Portal:
the requirements of the RFA and [FR Doc. 2020–13942 Filed 6–24–20; 4:15 pm] http://www.regulations.gov. Follow the
publish such analysis in the Federal BILLING CODE 8026–03–P instructions for submitting comments.

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