72802 Federal Register / Vol. 88, No. 203 / Monday, October 23, 2023 / Notices 

Annual Burden: 15,248. 

Curtis Rich, 

Agency Clearance Officer. 

[FR Doc. 2023–23361 Filed 10–20–23; 8:45 am] 

BILLING CODE 8026–09–P 

SMALL BUSINESS ADMINISTRATION 

Data Collection Available for Public 

Comments 

ACTION: 60-Day notice and request for 

comments. 

SUMMARY: The Small Business 

Administration (SBA) intends to request 

approval, from the Office of 

Management and Budget (OMB) for the 

collection of information described 

below. The Paperwork Reduction Act 

(PRA) requires Federal agencies to 

publish a notice in the Federal Register 

concerning each proposed collection of 

information before submission to OMB, 

and to allow 60 days for public 

comment in response to the notice. This 

notice complies with that requirement. 

DATES: Submit comments on or before 

December 22, 2023. 

ADDRESSES: Send all comments to Paul 

Kirwin, Financial Analyst, Office Credit 

Risk Management, Small Business 

Administration, Washington, DC 20416. 

FOR FURTHER INFORMATION CONTACT: Paul 

Kirwin, Financial Analyst, Office of 

Credit Risk Management, paul.kirwin@

sba.gov, 202–205–7261 or Curtis B. 

Rich, Agency Clearance Officer, 202– 

205–7030, curtis.rich@sba.gov. 

SUPPLEMENTARY INFORMATION: The 

information will be collected from 

lending institutions interested in 

becoming an SBA Supervised Lender. 

SBA will use the information regarding 

the institutions’ financial condition, 

lending experience, credit policies, 

capital adequacy plan, financial 

statements, credit facilities, and loan 

risk ratings system, among other things, 

to determine their eligibility to 

participate in SBA’s 7(a) Loan Program. 

Solicitation of Public Comments 

SBA is removing duplicate sale data, 

reformatting sale data for ease of use, 

and amending sections for clarity. SBA 

is requesting comments 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 through 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. 

Summary of Information Collection 

OMB Control Number: 3245–0410. 

Title: SBA Supervised Lender. 

Description of Respondents: SBA 

Lenders. 

Form Number: SBA Forms 2498, 

2499. 

Total Estimated Annual Responses: 4. 

Total Estimated Annual Hour Burden: 

340. 

Curtis Rich, 

Agency Clearance Officer. 

[FR Doc. 2023–23362 Filed 10–20–23; 8:45 am] 

BILLING CODE 8026–09–P 

SMALL BUSINESS ADMINISTRATION 

Data Collection Available for Public 

Comments 

ACTION: 60-Day notice and request for 

comments. 

SUMMARY: The Small Business 

Administration (SBA) intends to request 

approval, from the Office of 

Management and Budget (OMB) for the 

collection of information described 

below. The Paperwork Reduction Act 

(PRA) requires Federal agencies to 

publish a notice in the Federal Register 

concerning each proposed collection of 

information before submission to OMB, 

and to allow 60 days for public 

comment in response to the notice. This 

notice complies with that requirement. 

DATES: Submit comments on or before 

December 22, 2023. 

ADDRESSES: Send all comments to 

Earnest Knott, Supervisory Surety 

Guarantees, Office Surety Guarantees, 

Small Business Administration. 

FOR FURTHER INFORMATION CONTACT: 

Earnest Knott, Supervisory Surety 

Guarantees, earnest.knott@sba.gov, 202– 

401–6786, or Curtis B. Rich, Agency 

Clearance Officer, 202–205–7030, 

curtis.rich@sba.gov. 

SUPPLEMENTARY INFORMATION: Small 

Business Administration Surety Bond 

Guarantee Program was created to 

encourage surety companies to provide 

bonding for small contractors. The 

information collected on the form from 

surety companies will be used to update 

the status of successfully completed 

contracts and to provide a final 

accounting of contractor and surety fees 

due to SBA. 

Solicitation of Public Comments 

SBA is requesting comments 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 through 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. 

Summary of Information Collection 

OMB Control Number: 3245–0395. 

Title: Quarterly Contract Completion 

Report. 

Description of Respondents: Surety 

companies. 

Form Number: 2461. 

Total Estimated Annual Responses: 

92. 

Total Estimated Annual Hour Burden: 

92. 

Curtis Rich, 

Agency Clearance Officer. 

[FR Doc. 2023–23367 Filed 10–20–23; 8:45 am] 

BILLING CODE 8026–09–P 

SMALL BUSINESS ADMINISTRATION 

[License No. 05/05–0313] 

Surrender of License of Small 

Business Investment Company; 

Monroe Capital Partners Fund II, L.P. 

Pursuant to the authority granted to 

the United States Small Business 

Administration under the Small 

Business Investment Act of 1958, as 

amended, under section 309 of the Act 

and Code of Federal Regulations under 

13 CFR 107.1900 to function as a small 

business investment company under the 

Small Business Investment Company 

License No. 05/05–0313 issued to 

Monroe Capital Partners Fund II, L.P., 

said license is hereby declared null and 

void. 

Bailey Devries, 

Associate Administrator, Office of Investment 

and Innovation, United States Small Business 

Administration. 

[FR Doc. 2023–23348 Filed 10–20–23; 8:45 am] 

BILLING CODE P 

SMALL BUSINESS ADMINISTRATION 

[License No. 02/02–0641] 

Cephas Capital Partners II, L.P.; 

Surrender of License of Small 

Business Investment Company 

Pursuant to the authority granted to 

the United States Small Business 

Administration under the Small 

Business Investment Act of 1958, as 

amended, under section 309 of the Act 

and Code of Federal Regulations under 

13 CFR 107.1900 to function as a small 

business investment company under the 

Small Business Investment Company 

License No. 02/02–0641 issued to 


lotter on DSK11XQN23PROD with NOTICES1
Federal Register / Vol. 88, No. 203 / Monday, October 23, 2023 / Notices 72803 

Cephas Capital Partners II, L.P., said 

license is hereby declared null and void. 

Bailey Devries, 

Associate Administrator, Office of Investment 

and Innovation, United States Small Business 

Administration. 

[FR Doc. 2023–23347 Filed 10–20–23; 8:45 am] 

BILLING CODE 

SOCIAL SECURITY ADMINISTRATION 

[Docket No. SSA–2023–0034] 

Cost-of-Living Increase and Other 

Determinations for 2024 

AGENCY: Social Security Administration. 

ACTION: Notice. 

SUMMARY: Under title II of the Social 

Security Act (Act), there will be a 3.2 

percent cost-of-living increase in Social 

Security benefits effective December 

2023. In addition, the national average 

wage index for 2022 is $63,795.13. The 

cost-of-living increase and national 

average wage index affect other program 

parameters as described below. 

FOR FURTHER INFORMATION CONTACT: 

Kathleen K. Sutton, Office of the Chief 

Actuary, Social Security 

Administration, 6401 Security 

Boulevard, Baltimore, MD 21235, (410) 

965–3000. Information relating to this 

announcement is available at 

www.ssa.gov/oact/cola/index.html. For 

information on eligibility or claiming 

benefits, call 1–800–772–1213 (TTY 1– 

800–325–0778) or visit www.ssa.gov. 

SUPPLEMENTARY INFORMATION: Because of 

the 3.2 percent cost-of-living increase, 

the following items will increase for 

2024: 

(1) The maximum Federal 

Supplemental Security Income (SSI) 

monthly payment amounts for 2024 

under title XVI of the Act will be $943 

for an eligible individual; $1,415 for an 

eligible individual with an eligible 

spouse; and $472 for an essential 

person. 

(2) The special benefit amount under 

title VIII of the Act for certain World 

War II (WWII) veterans will be $707.25 

for 2024. 

(3) The student earned income 

exclusion under title XVI of the Act will 

be $2,290 per month in 2024, but not 

more than $9,230 for all of 2024. 

(4) The dollar fee limit for services 

performed as a representative payee will 

be $54 per month ($100 per month in 

the case of a beneficiary who is 

determined to be disabled, has an 

alcoholism or drug addiction condition, 

and is incapable of managing benefits) 

in 2024. 

(5) The assessment (or ‘‘user fee’’) 

dollar limit on the administrative cost 

charged when the agency pays 

authorized representative fees directly 

out of a claimant’s past due benefits will 

be $117, beginning in December 2023. 

The national average wage index for 

2022 is $63,795.13. This index affects 

the following amounts: 

(1) The Old-Age, Survivors, and 

Disability Insurance (OASDI) 

contribution and benefit base will be 

$168,600 for remuneration paid in 2024 

and self-employment income earned in 

tax years beginning in 2024. 

(2) The monthly exempt amounts 

under the OASDI retirement earnings 

test for tax years ending in calendar year 

2024 will be $1,860 for beneficiaries 

who will attain their Normal Retirement 

Age (NRA) (defined in the Retirement 

Earnings Test Exempt Amounts section 

below) after 2024 and $4,960 for those 

who attain NRA in 2024. 

(3) The dollar amounts (bend points) 

used in the primary insurance amount 

(PIA) formula for workers who become 

eligible for benefits or who die before 

becoming eligible, in 2024, will be 

$1,174 and $7,078. 

(4) The bend points used in the 

formula for computing maximum family 

benefits for workers who become 

eligible for retirement benefits, or who 

die before becoming eligible, in 2024, 

will be $1,500, $2,166, and $2,825. 

(5) The taxable earnings a person 

must have in 2024 to be credited with 

a quarter of coverage will be $1,730. 

(6) The ‘‘old-law’’ contribution and 

benefit base under title II of the Act will 

be $125,100 for 2024. 

(7) The monthly amount of earnings 

deemed to constitute substantial gainful 

activity (SGA) for statutorily blind 

people in 2024 will be $2,590. The 

corresponding amount of earnings for 

non-blind people with a determined 

disability will be $1,550. 

(8) The earnings threshold 

establishing a month as a part of a trial 

work period will be $1,110 for 2024. 

(9) Coverage thresholds for 2024 will 

be $2,700 for domestic workers and 

$2,300 for election officials and election 

workers. 

According to section 215(i)(2)(D) of 

the Act, we must publish the benefit 

increase percentage and the revised 

table of ‘‘special minimum’’ benefits 

within 45 days after the close of the 

third calendar quarter of 2023. 

We must also publish the following 

by November 1: the national average 

wage index for 2022 (215(a)(1)(D)), the 

OASDI fund ratio for 2023 (section 

215(i)(2)(C)(ii)), the OASDI contribution 

and benefit base for 2024 (section 

230(a)), the earnings required to be 

credited with a quarter of coverage in 

2024 (section 213(d)(2)), the monthly 

exempt amounts under the Social 

Security retirement earnings test for 

2024 (section 203(f)(8)(A)), the formula 

for computing a PIA for workers who 

first become eligible for benefits or die 

in 2024 (section 215(a)(1)(D)), and the 

formula for computing the maximum 

benefits payable to the family of a 

worker who first becomes eligible for 

old-age benefits or dies in 2024 (section 

203(a)(2)(C)). 

Cost-of-Living Increases 

General 

The cost-of-living increase is 3.2 

percent for monthly benefits under title 

II and for monthly payments under title 

XVI of the Act. Under title II, OASDI 

monthly benefits will increase by 3.2 

percent for individuals eligible for 

December 2023 benefits, payable in 

January 2024 and thereafter. We base 

this increase on the authority contained 

in section 215(i) of the Act. 

Pursuant to section 1617 of the Act, 

Federal SSI benefit rates will also 

increase by 3.2 percent effective for 

payments made for January 2024 but 

paid on December 29, 2023. 

Computation 

Computation of the cost-of-living 

increase is based on an increase in a 

Consumer Price Index (CPI) produced 

by the Bureau of Labor Statistics. At the 

time the Act was amended to provide 

automatic cost-of-living increases 

starting in 1975, only one CPI existed, 

namely the index now referred to as CPI 

for Urban Wage Earners and Clerical 

Workers (CPI–W). Although the Bureau 

of Labor Statistics has since developed 

other CPIs, we follow precedent by 

continuing to use the CPI–W. We refer 

to this index in the following 

paragraphs as the CPI. 

Section 215(i)(1)(B) of the Act defines 

a ‘‘computation quarter’’ to be a third 

calendar quarter in which the average 

CPI exceeded the average CPI in the 

previous computation quarter. The last 

cost-of-living increase, effective for 

those eligible to receive title II benefits 

for December 2022, was based on the 

CPI increase from the third quarter of 

2021 to the third quarter of 2022. 

Therefore, the last computation quarter 

is the third quarter of 2022. The law 

states that a cost-of-living increase for 

benefits is determined based on the 

percentage increase, if any, in the CPI 

from the last computation quarter to the 

third quarter of the current year. 

Therefore, we compute the increase in 

the CPI from the third quarter of 2022 

to the third quarter of 2023. 


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