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[Federal Register Volume 89, Number 226 (Friday, November 22, 2024)]
[Notices]
[Pages 92729-92730]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-27439]

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SMALL BUSINESS ADMINISTRATION

Reporting and Recordkeeping Requirements Under Office of 
Management and Budget Review

AGENCY: U.S. Small Business Administration.

ACTION: 30-Day notice; request for comments.

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SUMMARY: The Small Business Administration (SBA) will submit the 
information collection described below to the Office of Management and 
Budget (OMB) for review and clearance in accordance with the Paperwork 
Reduction Act of 1995, as amended, on or after the date of publication 
of this notice. SBA is publishing this notice to allow all interested 
members of the public an additional 30 days to provide comments on the 
collection of information.

[[Page 92730]]

DATES: Submit comments on or before December 23, 2024.

ADDRESSES: Written comments and recommendations for this information 
collection request should be sent within 30 days of publication of this 
notice to www.reginfo.gov/public/do/PRAMain. Find this particular 
information collection request by selecting ``Small Business 
Administration''; ``Currently Under Review,'' then select the ``Only 
Show ICR for Public Comment'' checkbox. This information collection can 
be identified by title and/or OMB Control Number, which are provided 
below.

FOR FURTHER INFORMATION CONTACT: You may obtain information including a 
copy of the forms and supporting documents from the Agency Clearance 
Officer, Curtis Rich, at (202) 205-7030, or [email protected], or 
from www.reginfo.gov/public/do/PRAMain.

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 were 
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. SBA's authority to guarantee PPP 
loans expired on August 8, 2020. On December 27, 2020, SBA received 
reauthorization under the Economic Aid Act, Public Law 116-260, to 
resume guaranteeing PPP loans through March 31, 2021. The Economic Aid 
Act also allowed certain eligible borrowers that previously received a 
PPP loan to receive a second draw PPP loan (``Second Draw PPP Loan 
Program'') and amended certain other PPP statutory provisions. On March 
11, 2021, the American Rescue Plan Act, Public Law 117-2, was enacted, 
amending various PPP statutory provisions. On March 30, 2021, the PPP 
Extension Act of 2021 was enacted, extending the SBA's PPP program 
authority through June 30, 2021.
    This information collection is used for the Second Draw PPP Loan 
Program. This approval is set to expire on November 30, 2024. Although 
SBA's program authority has expired, this information collection is 
still needed. Therefore, as required by the Paperwork Reduction Act, 
SBA is publishing this notice as a prerequisite to seeking OMB's 
approval to use this information collection beyond November 30, 2024.

Summary of Information Collection

    Title: Paycheck Protection Loan Program--Second Draw.
    OMB Control Number: 3245-0417.

(I) SBA Form 2483-SD--Paycheck Protection Program Second Draw 
Application

    Estimated Number of Respondents: 0.
    Estimated Annual Responses: 0.
    Estimated Annual Hour Burden: 14,962.

(II) SBA Form 2483-SD-C--Paycheck Protection Program Second Draw 
Application for Schedule C Filers Using Gross Income

    Estimated Number of Respondents: 0.
    Estimated Annual Responses: 0.
    Estimated Annual Hour Burden: 9,316.

(III) SBA FORM 2484-SD--Paycheck Protection Program Second Draw 
Lender's Application for 7(A) Guaranty

    Estimated Number of Respondents: 0.
    Estimated Annual Responses: 0.
    Estimated Annual Hour Burden: 24,278.

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.

Curtis Rich,
Agency Clearance Officer.
[FR Doc. 2024-27439 Filed 11-21-24; 8:45 am]
BILLING CODE 8026-09-P
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