172 Federal Register / Vol. 86, No. 1 / Monday, January 4, 2021 / Notices 

10 17 CFR 200.30–3(a)(12). 

access to clearing or the ability of 

Clearing Members, their customers or 

other market participants to continue to 

clear contracts. ICE Clear Europe also 

does not believe the amendments would 

materially affect the cost of clearing or 

otherwise impact competition among 

CDS Clearing Members or other market 

participants or limit market 

participants’ choices for selecting 

clearing services. Accordingly, ICE Clear 

Europe does not believe the 

amendments would impose any burden 

on competition not necessary or 

appropriate in furtherance of the 

purpose of the Act. 

(C) Clearing Agency’s Statement on 

Comments on the Proposed Rule 

Change Received From Members, 

Participants or Others 

Written comments relating to the 

proposed amendments have not been 

solicited or received by ICE Clear 

Europe. ICE Clear Europe will notify the 

Commission of any written comments 

received with respect to the proposed 

rule change. 

III. Date of Effectiveness of the 

Proposed Rule Change and Timing for 

Commission Action 

Within 45 days of the date of 

publication of this notice in the Federal 

Register or within such longer period 

up to 90 days (i) as the Commission may 

designate if it finds such longer period 

to be appropriate and publishes its 

reasons for so finding or (ii) as to which 

the self-regulatory organization 

consents, the Commission will: 

(A) By order approve or disapprove 

the proposed rule change or 

(B) institute proceedings to determine 

whether the proposed rule change 

should be disapproved. 

The proposal shall not take effect 

until all regulatory actions required 

with respect to the proposal are 

completed. 

IV. Solicitation of Comments 

Interested persons are invited to 

submit written data, views, and 

arguments concerning the foregoing, 

including whether the proposed rule 

change is consistent with the Act. 

Comments may be submitted by any of 

the following methods: 

Electronic Comments 

• Use the Commission’s internet 

comment form (http://www.sec.gov/ 

rules/sro.shtml) or 

• Send an email to rule-comments@

sec.gov. Please include File Number SR– 

ICEEU–2020–018 on the subject line. 

Paper Comments 

• Send paper comments in triplicate 

to Secretary, Securities and Exchange 

Commission, 100 F Street NE, 

Washington, DC 20549–1090. 

All submissions should refer to File 

Number SR–ICEEU–2020–018. This file 

number should be included on the 

subject line if email is used. To help the 

Commission process and review your 

comments more efficiently, please use 

only one method. The Commission will 

post all comments on the Commission’s 

internet website (http://www.sec.gov/ 

rules/sro.shtml). Copies of the 

submission, all subsequent 

amendments, all written statements 

with respect to the proposed rule 

change that are filed with the 

Commission, and all written 

communications relating to the 

proposed rule change between the 

Commission and any person, other than 

those that may be withheld from the 

public in accordance with the 

provisions of 5 U.S.C. 552, will be 

available for website viewing and 

printing in the Commission’s Public 

Reference Room, 100 F Street NE, 

Washington, DC 20549, on official 

business days between the hours of 

10:00 a.m. and 3:00 p.m. Copies of such 

filings will also be available for 

inspection and copying at the principal 

office of ICE Clear Europe and on ICE 

Clear Europe’s website at https://

www.theice.com/notices/ 

Notices.shtml?regulatoryFilings. 

All comments received will be posted 

without change. Persons submitting 

comments are cautioned that we do not 

redact or edit personal identifying 

information from comment submissions. 

You should submit only information 

that you wish to make available 

publicly. All submissions should refer 

to File Number SR–ICEEU–2020–018 

and should be submitted on or before 

January 25, 2021. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.10

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2020–29023 Filed 12–31–20; 8:45 am] 

BILLING CODE 8011–01–P 

SMALL BUSINESS ADMINISTRATION 

Information Collection Available for 

Public Comment; Paycheck Protection 

Program 

AGENCY: U.S. Small Business 

Administration. 

ACTION: 60-Day notice; request for 

comments 

SUMMARY: The Small Business 

Administration (SBA) is publishing this 

notice to solicit additional public 

comments on the information collection 

described below, particularly SBA Form 

3509 ‘‘Loan Necessity Questionnaire 

(For-Profit Borrowers)’’ and SBA Form 

3510, ‘‘Loan Necessity Questionnaire 

(Non-Profit Borrowers).’’ Comments in 

response to this second public comment 

notice will be evaluated in conjunction 

with comments received in response to 

previous notices published on July 14, 

2020, and October 26, 2020. After such 

evaluation, SBA will submit any 

resulting amendments to the 

information collection to the Office of 

Management and Budget (OMB) for 

approval. 

DATES: Submit comments on or before 

March 5, 2021. 

ADDRESSES: Comments should refer to 

the information collection by title or 

OMB Control Number (3245–0407) and 

must be submitted by the deadline 

above to: PPP_Info_Collections@sba.gov. 

FOR FURTHER INFORMATION CONTACT: 

Adrienne Grierson, Program Manager, 

Office of Financial Program Operations, 

202–205–6573 adrienne.grierson@

sba.gov. 

Copies: You may obtain a copy of the 

information collection and supporting 

documents from the Agency Clearance 

Officer, Curtis Rich, at (202) 205–7030, 

or curtis.rich@sba.gov. 

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 

are 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. Subject to 

certain limitations, proceeds of a PPP 

loan may be used for payroll costs, costs 

related to the continuation of group 

health care benefits during periods of 

paid sick, medical or family leave, and 

insurance premiums, mortgage interest 

payments, rent payments, utility 

payments, interest payments on other 

debt incurred prior to February 15, 

2020, and to refinance an eligible SBA 

Economic Injury Disaster Loan. Under 

section 1106(b) of the CARES Act, a PPP 

Federal Register / Vol. 86, No. 1 / Monday, January 4, 2021 / Notices 173 

1 85 FR 42479. 

2 85 FR 67809. 

loan may be forgiven in full or in part 

if the PPP borrower uses the proceeds 

for payroll costs, payment of interest on 

a covered mortgage, payment on any 

covered rent obligation, and any 

covered utility payment. 

In order to make the financial 

assistance available as expeditiously as 

possible after the PPP was authorized, 

on April 6, 2020, SBA obtained 

emergency approval, including waiver 

of the 60-day and 30-day public 

comment notices, to collect the 

information necessary to process 

applications for the program. SBA 

amended the emergency approved 

information collection on several 

occasions as the need to quickly 

implement other aspects of the PPP 

(e.g., loan reviews, loan forgiveness or 

expansion of eligibility requirements) 

arose. SBA subsequently published the 

60-day notice on July 14, 2020,1 and the 

30-day notice on October 26, 2020 2 to 

solicit comments on the information 

collection. 

At the time SBA published the 60-day 

notice, the Agency had not yet 

developed Form 3508S, a ‘‘PPP Loan 

Forgiveness Application’’; Form 3509, 

‘‘Loan Necessity Questionnaire (ForProfit Borrowers)’’; and SBA Form 3510, 

‘‘Loan Necessity Questionnaire (NonProfit Borrowers)’’; therefore, they were 

not referenced in a public comment 

notice until the 30-day notice. 

Borrowers that received a PPP loan of 

$50,000 or less may use Form 3508S to 

apply for forgiveness of the loan (unless 

the borrower, together with its affiliates, 

received PPP loans totaling $2 million 

or greater). This form was developed to 

streamline the process for borrowers 

with very small loans. Forms 3509 and 

3510 are designed to collect additional 

information from non-profit or for-profit 

borrowers that together with their 

affiliates received PPP loans of $2 

million or more. The information will 

be collected during SBA’s review of 

these loans, which includes an 

assessment of the borrowers’ good-faith 

certifications that due to the economic 

uncertainty their PPP loan requests were 

necessary to support ongoing 

operations. As part of their response to 

the questionnaire, borrowers may 

include a statement regarding the 

circumstances that provided the basis 

for their good-faith loan necessity 

certification. 

SBA received multiple comments in 

response to the notices, particularly the 

30-day notice. Generally, commenters 

focused almost exclusively on SBA 

Form 3509 and SBA Form 3510. 

Commenters expressed concern that the 

affected public had not been given 

adequate notice to review or comment 

on these two forms. Accordingly, SBA is 

publishing this notice to provide 60 

days for the public to review the PPP 

information collection, particularly 

these two forms. 

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. 

Summary of Information Collection 

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 

Estimated Number of Respondents: 

5,500,000. 

Estimated Annual Responses: 

5,500,000. 

Estimated Annual Hour Burden: 

733,333. 

(ii) SBA Form 2484—Paycheck 

Protection Program Lender’s 

Application for 7(a) Guaranty 

Estimated Number of Respondents: 

5,460 

Estimated Annual Responses: 

5,212,128. 

Estimated Annual Hour Burden: 

2,171,720. 

(iii) SBA Form 3506—CARES Act 

Section 1102 Lender Agreement 

Number of Respondents: 751. 

Total Annual Responses: 751. 

Estimated Annual Hour Burden: 125. 

(iv) SBA Form 3507—CARES Act 

Section 1102 Lender Agreement—NonBank and Non-Insured Depository 

Institution Lender 

Number of Respondents: 147. 

Number of Responses: 147. 

Total Estimated Annual Hour Burden: 

61. 

(v) SBA Form 3508—Paycheck 

Protection Program—Loan Forgiveness 

Application 

Estimated Number of Respondents: 

260,606. 

Estimated Annual Responses: 

260,606. 

Estimated Annual Hour Burden: 

781,819. 

(vi) SBA Form 3508S, Paycheck 

Protection Program—PPP Loan 

Forgiveness Application Form 3508S 

Estimated Number of Respondents: 

3,574,000. 

Estimated Annual Responses: 

3,574,000. 

Estimated Annual Hour Burden: 

893,500. 

(vii) SBA Form 3508EZ—Paycheck 

Protection Program—PPP Loan 

Forgiveness Application 

Estimated Number of Respondents: 

1,377,522. 

Estimated Annual Responses: 

1,377,522. 

Estimated Annual Hour Burden: 

459,174. 

(viii) [Form Number N/A] Lender 

Reporting Requirements Concerning 

Requests for Loan Forgiveness 

Estimated Number of Respondents: 

5,460. 

Estimated Annual Responses: 

5,212,128. 

Estimated Annual Hour Burden: 

1,070,350. 

(ix) [Form Number N/A] Lender 

Reporting Requirements for SBA Loan 

Reviews 

Estimated Number of Respondents: 

5,460. 

Estimated Annual Responses: 

1,950,000. 

Estimated Annual Hour Burden: 

975,000. 

(x) SBA Form 3509—Loan Necessity 

Questionnaire (For-Profit Borrowers) 

Estimated Number of Respondents: 

42,000. 

Estimated Annual Responses: 37,000. 

Estimated Annual Hour Burden: 

67,333. 

(xi) SBA Form 3510—Loan Necessity 

Questionnaire (Non-Profit Borrowers) 

Estimated Number of Respondents: 

10,000. 

Estimated Annual Responses: 5,000. 

Estimated Annual Hour Burden: 

9,167. 

Curtis Rich, 

Management Analyst. 

[FR Doc. 2020–29012 Filed 12–31–20; 8:45 am] 

BILLING CODE 8026–03–P