Exhibit B (SBA Interim Final Rule) — DV Diamond Club (E.D. Mich.)

Summary

Exhibit B to the verified complaint in DV Diamond Club of Flint, LLC v. U.S. Small Business Administration, Case 4:20-cv-10899-MFL-DRG (E.D. Mich.), filed April 8, 2020 as ECF No. 1-3. It is the SBA's interim final rule on the Paycheck Protection Program, RIN 3245-AH34, implementing sections 1102 and 1106 of the CARES Act, in a version that leaves its effective and comment dates blank. The rule covers eligibility for businesses with 500 or fewer employees, grounds for ineligibility, and a maximum loan of the lesser of $10 million or 2.5 times average monthly payroll costs, with worked examples. It states that businesses listed in 13 CFR 120.110 are ineligible and that Congress authorized a program level of $349,000,000,000. The 31-page exhibit ends with a signature line for Administrator Jovita Carranza.

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