Express Bridge Loan Pilot Program; Modification of Eligibility and Loan Approval Deadline and Extension of Pilot Program (rule, 85 FR 18107, April 1, 2020)
Summary
A notification of change from the U.S. Small Business Administration (SBA), published in the Federal Register on April 1, 2020 (Vol. 85, No. 63), on the Express Bridge Loan Pilot Program (Express Bridge Pilot). It recounts that SBA announced the pilot on October 16, 2017 and revised certain program requirements on May 7, 2018. SBA expands program eligibility to include small businesses nationwide adversely impacted under the COVID-19 Emergency Declaration of March 13, 2020, and allows Express Bridge Pilot loans made under that declaration to be approved through March 13, 2021. The revised requirements apply to all Express Bridge Pilot loans approved on or after April 1, 2020, and Dianna Seaborn is named as the contact.
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“Express Bridge Loan Pilot Program; Modification of Eligibility and Loan Approval Deadline and Extension of Pilot Program (rule, 85 FR 18107, April 1, 2020).”
Original at www.govinfo.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/express-bridge-loan-pilot-program-modification-of-eligibility-and-loan-d4a3cc3e89/
, SHA-256 97c4031779d396edb9713e6d3ba580aaeec40568b98af86a37155072184edbb6.Full text
Federal Register / Vol. 85, No. 63 / Wednesday, April 1, 2020 / Rules and Regulations 18107
E. Executive Order 13132—Federalism § 1003.1 Organization, jurisdiction, and DATES: The revised program
powers of the Board of Immigration requirements described in this
This rule will not have substantial Appeals.
direct effects on the States, on the document apply to all Express Bridge
relationship between the National (a)(1) * * * The Board shall consist of Pilot loans approved on or after April 1,
Government and the States, or on the 23 members. * * * 2020, and the Express Bridge Pilot will
distribution of power and * * * * * remain available through March 13,
responsibilities among the various 2021.
Dated: March 25, 2020.
levels of government. Therefore, in William P. Barr, FOR FURTHER INFORMATION CONTACT:
accordance with section 6 of Executive Attorney General. Dianna Seaborn, Director, Office of
Order 13132, this rule does not have Financial Assistance, U.S. Small
[FR Doc. 2020–06846 Filed 3–31–20; 8:45 am]
sufficient federalism implications to Business Administration, 409 Third
BILLING CODE 4410–30–P
warrant the preparation of a federalism Street SW, Washington, DC 20416;
summary impact statement. Telephone (202) 205–3645; email
address: dianna.seaborn@sba.gov.
F. Executive Order 12988—Civil Justice SMALL BUSINESS ADMINISTRATION
Reform SUPPLEMENTARY INFORMATION: On
October 16, 2017, SBA published a
This rule meets the applicable 13 CFR Part 120
document announcing the Express
standards set forth in sections 3(a) and Bridge Pilot. (82 FR 47958) The Express
3(b)(2) of Executive Order 12988. Express Bridge Loan Pilot Program;
Modification of Eligibility and Loan Bridge Pilot is designed to supplement
G. Paperwork Reduction Act Approval Deadline and Extension of the Agency’s disaster response
The provisions of the Paperwork Pilot Program capabilities and authorizes the Agency’s
Reduction Act of 1995, Public Law 104– 7(a) Lenders with SBA Express lending
AGENCY: U.S. Small Business authority to deliver expedited SBA-
13, 44 U.S.C. chapter 35, and its
Administration. guaranteed financing on an emergency
implementing regulations, 5 CFR part
1320, do not apply to this final rule ACTION: Notification of change to basis for disaster-related purposes to
because there are no new or revised Express Bridge Loan Pilot Program and small businesses located in
recordkeeping or reporting extension of pilot program. communities impacted by a
requirements. Presidentially-declared disaster, while
SUMMARY: On October 16, 2017, the U.S. the businesses apply for and await long-
H. Congressional Review Act Small Business Administration (SBA) term financing (including through
This is not a major rule as defined by published a document announcing the SBA’s direct disaster loan program, if
5 U.S.C. 804(2). This action pertains to Express Bridge Loan Pilot Program eligible). On May 7, 2018, SBA
agency organization, management, and (Express Bridge Pilot). In that document, published a document to revise certain
personnel and, accordingly, is not a SBA provided an overview of the Express Bridge Pilot requirements. (83
‘‘rule’’ as that term is used in 5 U.S.C. Express Bridge Pilot and modified an FR 19921) The Express Bridge Pilot
804(3). Therefore, the reports to Agency regulation relating to loan applies the policies and procedures in
Congress and the Government underwriting for loans made under the place for the Agency’s SBA Express
Accountability Office specified by 5 Express Bridge Pilot. On May 7, 2018, program, except as outlined in the
U.S.C. 801 are not required. SBA published a document to revise Federal Register documents published
certain program requirements. SBA on October 16, 2017, and May 7, 2018.
List of Subjects in 8 CFR Part 1003 continues to refine and improve the SBA continues to refine and improve
Administrative practice and design of the Express Bridge Pilot and the design of the Express Bridge Pilot
procedure, Aliens, Immigration, Legal is issuing this document to expand and, therefore, is issuing this document
services, Organization and functions program eligibility to include small to expand program eligibility to include
(Government agencies). businesses nationwide adversely small businesses nationwide adversely
Accordingly, for the reasons stated in impacted under the Coronavirus Disease impacted under the Coronavirus Disease
the preamble, part 1003 of title 8 of the (COVID–19) Emergency Declaration (COVID–19) Emergency Declaration
Code of Federal Regulations is amended (COVID–19 Emergency Declaration) issued by President Trump on March
as follows: issued by President Trump on March 13, 2020. Because the COVID–19
13, 2020. Further, SBA is revising Emergency Declaration covers all states,
PART 1003—EXECUTIVE OFFICE FOR program requirements to allow Express territories, and the District of Columbia,
IMMIGRATION REVIEW Bridge Pilot loans made under the eligible small businesses under the
COVID–19 Emergency Declaration to be Express Bridge Pilot will now include
■ 1. The authority citation for part 1003
approved through March 13, 2021. The small businesses located in any state,
continues to read as follows: modification of eligibility criteria and territory and the District of Columbia
Authority: 5 U.S.C. 301; 6 U.S.C. 521; 8 program requirements will allow small that have been adversely impacted by
U.S.C. 1101, 1103, 1154, 1155, 1158, 1182, businesses adversely impacted by the the COVID–19 emergency. (Previously,
1226, 1229, 1229a, 1229b, 1229c, 1231, COVID–19 emergency to qualify for
1254a, 1255, 1324d, 1330, 1361, 1362; 28
those small businesses would not be
U.S.C. 509, 510, 1746; sec. 2 Reorg. Plan No.
loans through the Express Bridge Pilot. eligible for Express Bridge Pilot loans
2 of 1950; 3 CFR, 1949–1953 Comp., p. 1002; Finally, SBA is extending the term of because the program has been limited to
section 203 of Pub. L. 105–100, 111 Stat. the Express Bridge Pilot from September eligible small businesses located in
2196–200; sections 1506 and 1510 of Pub. L. 30, 2020 to March 13, 2021, to assist Primary Counties that have been
jbell on DSKJLSW7X2PROD with RULES
106–386, 114 Stat. 1527–29, 1531–32; section small businesses that may experience Presidentially-declared as major disaster
1505 of Pub. L. 106–554, 114 Stat. 2763A– delayed effects resulting from the areas, plus any Contiguous Counties.)
326 to –328. COVID–19 emergency to benefit from Further, SBA is revising program
■ 2. In § 1003.1, revise the third the Express Bridge Pilot and to allow requirements to allow Express Bridge
sentence of paragraph (a)(1) to read as SBA to continue its evaluation of the Pilot loans made under the COVID–19
follows: program. Emergency Declaration to be approved
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18108 Federal Register / Vol. 85, No. 63 / Wednesday, April 1, 2020 / Rules and Regulations
through March 13, 2021. This is a DEPARTMENT OF TRANSPORTATION function of the docket website, anyone
revision to the current policy that states can find and read the electronic form of
Express Bridge Pilot loans can only be Federal Aviation Administration all comments received into any FAA
made up to six months after the date of docket, including the name of the
the applicable Presidential disaster 14 CFR Part 25 individual sending the comment (or
declaration. This revision will allow [Docket No. FAA–2020–0273; Special signing the comment for an association,
small businesses that experience Conditions No. 25–767–SC] business, labor union, etc.). DOT’s
delayed impacts resulting from the complete Privacy Act Statement can be
COVID–19 emergency to benefit from Special Conditions: Delta Flight found in the Federal Register published
the pilot program. Products, Boeing Model No. 757–200 on April 11, 2000 (65 FR 19477–19478).
Series Airplane; Seats With Non- Docket: Background documents or
Finally, SBA is extending the term of Traditional, Large, Non-Metallic Panels comments received may be read at
the Express Bridge Pilot. The Express http://www.regulations.gov/ at any time.
Bridge Pilot is set to expire September AGENCY: Federal Aviation
Follow the online instructions for
30, 2020. With this Notice, SBA is Administration (FAA), DOT. accessing the docket or go to Docket
extending the pilot program through ACTION: Final special conditions; request Operations in Room W12–140 of the
March 13, 2021. This extension will for comments. West Building Ground Floor at 1200
provide time for small businesses that SUMMARY: These special conditions are New Jersey Avenue SE, Washington,
may experience delayed effects resulting issued for the Boeing Model No. 757– DC, between 9 a.m. and 5 p.m., Monday
from the COVID–19 emergency to 200 series airplane. This airplane, as through Friday, except Federal holidays.
benefit from the Express Bridge Pilot modified by Delta Flight Products, will FOR FURTHER INFORMATION CONTACT: John
and to allow SBA to continue its have novel or unusual design features Shelden, Airframe & Cabin Safety
evaluation of the program in accordance when compared to the state of Section, AIR–675, Transport Standards
with the criteria set forth in the October technology envisioned in the Branch, Policy and Innovation Division,
16, 2017 Federal Register notice. airworthiness standards for transport Aircraft Certification Service, Federal
All other SBA terms and conditions category airplanes. This design feature Aviation Administration, 2200 South
and regulatory waivers related to the includes seats with large, non- 216th Street, Des Moines, Washington
Express Bridge Pilot remain unchanged, traditional, non-metallic panels on 98198; telephone and fax 206–231–
Boeing 757–200 series airplanes. The 3214; email john.shelden@faa.gov.
including that loans made under the
Express Bridge Pilot may be eligible to applicable airworthiness regulations do SUPPLEMENTARY INFORMATION: The
be repaid with the proceeds of an SBA not contain adequate or appropriate substance of these special conditions
direct disaster loan, including loans safety standards for this design feature. previously has been published in the
These special conditions contain the Federal Register for public comment.
made under the Economic Injury
additional safety standards that the These special conditions have been
Disaster Loan (EIDL) Program. All
Administrator considers necessary to derived without substantive change
references to disasters in the Express establish a level of safety equivalent to from those previously issued. It is
Bridge Pilot program requirements will that established by the existing unlikely that prior public comment
include the COVID–19 emergency. airworthiness standards. would result in a significant change
SBA has provided more detailed DATES: This action is effective on Delta from the substance contained herein.
guidance in the form of a program Flight Products on April 1, 2020. Send Therefore, the FAA has determined that
guide, which has been updated to comments on or before May 18, 2020. prior public notice and comment are
conform to this Notice and is available ADDRESSES: Send comments identified unnecessary, and finds that, for the
on SBA’s website, https://www.sba.gov/ by Docket No. FAA–2020–0273 using same reason, good cause exists for
document/support--express-bridge-loan- any of the following methods: adopting these special conditions upon
pilot-program-guide. SBA will also • Federal eRegulations Portal: Go to publication in the Federal Register.
provide additional guidance, if needed, http://www.regulations.gov/ and follow Comments Invited
through SBA notices, which also will be the online instructions for sending your
published on SBA’s website, http:// comments electronically. The FAA invites interested people to
www.sba.gov. • Mail: Send comments to Docket take part in this rulemaking by sending
Operations, M–30, U.S. Department of written comments, data, or views. The
Authority: 15 U.S.C. 636(a)(25); 13 CFR Transportation (DOT), 1200 New Jersey most helpful comments reference a
120.3. Avenue SE, Room W12–140, West specific portion of the special
Dated: March 19, 2020. Building Ground Floor, Washington, DC conditions, explain the reason for any
Jovita Carranza, 20590–0001. recommended change, and include
Administrator.
• Hand Delivery or Courier: Take supporting data.
comments to Docket Operations in The FAA will consider all comments
[FR Doc. 2020–06356 Filed 3–30–20; 8:45 am]
Room W12–140 of the West Building received by the closing date for
BILLING CODE P Ground Floor at 1200 New Jersey comments. The FAA may change these
Avenue SE, Washington, DC, between 9 special conditions based on the
a.m. and 5 p.m., Monday through comments received.
Friday, except Federal holidays.
Background
• Fax: Fax comments to Docket
jbell on DSKJLSW7X2PROD with RULES
Operations at 202–493–2251. On September 3, 2019, Delta applied
Privacy: The FAA will post all for a supplemental type certificate for an
comments it receives, without change, interior reconfiguration that includes
to http://www.regulations.gov/, seats containing large, non-traditional,
including any personal information the non-metallic panels on Boeing 757–200
commenter provides. Using the search series airplanes. The Boeing 757–200
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