Federal Register / Vol. 79, No. 31 / Friday, February 14, 2014 / Notices 9029 

LGPC from October 1, 2013 through 

December 3, 2013. 

FOR FURTHER INFORMATION CONTACT: John 

A. Miller, Director, Office of Financial 

Program Operations, U.S. Small 

Business Administration, 409 Third 

Street SW., Washington, DC 20416; 

(202) 619–0647. 

SUPPLEMENTARY INFORMATION: SBA 

implemented a temporary pilot called 

the LGPC Emergency Catch-up Pilot that 

consisted of a streamlined review 

process to address the backlog of 

unprocessed 7(a) loan applications at 

the LGPC created by the government 

shutdown in a manner that expedited 

delivery of capital to small businesses. 

1. Background 

Due to the lapse in appropriations 

beginning on October 1, 2013, the LGPC 

accumulated a backlog of unprocessed 

7(a) loan applications that would have 

taken an estimated 6 to 8 weeks to 

review under the normal review 

process. SBA estimated that 

implementation of the streamlined 

review process would make it possible 

for the LGPC to review the unprocessed 

inventory in 3 to 4 weeks in a manner 

that did not further delay the delivery 

of capital to small businesses and did 

not increase SBA’s risk. SBA 

determined the streamlined review 

performed under the Pilot would have 

a negligible effect on potential improper 

payments and defaults, as it allowed the 

LGPC to match resources to risk by 

focusing on higher-risk, high-dollar 

applications. Any potential increased 

risk to SBA was mitigated through a 

robust quality control review process 

whereby loans chosen by statistically 

valid, random sampling underwent full 

quality control reviews. 

2. Standard 7(a) Loan Guaranty 

Processing Center (LGPC) Emergency 

Catch-up Pilot 

Overview 

The streamlined review consisted of 

(1) a review to verify the completeness 

of the application package to ensure the 

LGPC had all required forms signed and 

completed, the lender’s credit 

memorandum, and all other applicable 

supporting documentation; (2) a full 

eligibility review; and (3) a minimum 

threshold credit score. For purposes of 

the LGPC Emergency Catch-up Pilot, the 

credit score was used as a decision tool 

to assess borrower repayment ability in 

lieu of analyzing each of the required 

elements set forth in 13 CFR 120.150. 

The credit score utilized was FICO’s 

LiquidCredit, which is calculated based 

on a combination of consumer credit 

bureau data, business bureau data, 

borrower financial data, and application 

data, and is used industry-wide in the 

small business lending industry. The 

LiquidCredit Score has been in use at 

the LGPC since 2007 and is the credit 

scoring model used for SBA’s Small 

Loan Advantage (SLA) Program. The 

minimum credit score required for an 

application to qualify for streamlined 

review was based on the lower end of 

SBA’s current risk profile and was the 

minimum score currently used for SLA 

applications. 

Standard 7(a), SLA, and Certified 

Lender Program (CLP) loan applications 

of $350,000 or less with LiquidCredit 

scores equal to or greater than 140 

received in the LGPC from October 1, 

2013 through December 3, 2013 

qualified for the streamlined review 

process. The following applications did 

not qualify for the Pilot and underwent 

the standard review currently followed 

in the LGPC: (1) CAPLine applications; 

(2) Community Advantage applications; 

(3) applications that had credit scores 

below the minimum threshold score of 

140; and (4) applications from lenders 

with unsatisfactory performance, as 

determined by the Office of Credit Risk 

Management (OCRM). 

SBA will track and monitor the 

quality control review results for use in 

future analysis to measure the 

effectiveness of the Pilot. SBA also will 

track and monitor the loans approved 

under the Pilot for future analysis in 

comparing default rates of loans 

approved under the Pilot to similarly 

sized loans approved under normal 

review procedures in the same 

timeframe to determine the effectiveness 

of the Pilot. 

Regulatory Waivers 

Pursuant to the authority provided to 

SBA under 13 CFR 120.3 to suspend, 

modify or waive certain regulations in 

establishing and testing pilot loan 

initiatives for a limited period of time, 

SBA has waived 13 CFR 120.150, which 

defines SBA’s lending criteria for 

establishing borrower creditworthiness 

and assuring repayment through the 

consideration of nine elements. The 

waiver of this regulation for loans 

processed under the Pilot allowed for 

streamlined reviews of qualifying 

applications utilizing FICO’s 

LiquidCredit Score as a decision tool to 

assess borrower repayment ability. 

All provisions of the Small Business 

Act applicable to the 7(a) loan program 

apply to loans made under this Pilot. 

Unless waived or modified by this 

Notice, all regulations applicable to the 

7(a) loan program apply to loans made 

under this Pilot. All standard operating 

procedures applicable to the 7(a) loan 

program that are not superseded by any 

provision of this Notice apply to loans 

made under this Pilot. 

Authority: 15 U.S.C. 636(a)(25) and 13 

CFR 120.3. 

Dated: February 10, 2014. 

Jeanne A. Hulit, 

Acting Administrator. 

[FR Doc. 2014–03323 Filed 2–13–14; 8:45 am] 

BILLING CODE 8025–01–P 

DEPARTMENT OF STATE 

[Public Notice 8630] 

Culturally Significant Objects Imported 

for Exhibition Determinations: 

‘‘Richard Wilson and the 

Transformation of European 

Landscape Painting’’ Exhibition 

SUMMARY: Notice is hereby given of the 

following determinations: Pursuant to 

the authority vested in me by the Act of 

October 19, 1965 (79 Stat. 985; 22 U.S.C. 

2459), Executive Order 12047 of March 

27, 1978, the Foreign Affairs Reform and 

Restructuring Act of 1998 (112 Stat. 

2681, et seq.; 22 U.S.C. 6501 note, et 

seq.), Delegation of Authority No. 234 of 

October 1, 1999, Delegation of Authority 

No. 236–3 of August 28, 2000 (and, as 

appropriate, Delegation of Authority No. 

257 of April 15, 2003), I hereby 

determine that the objects to be 

included in the exhibition ‘‘Richard 

Wilson and the Transformation of 

European Landscape Painting’’ 

imported from abroad for temporary 

exhibition within the United States, are 

of cultural significance. The objects are 

imported pursuant to loan agreements 

with the foreign owners or custodians. 

I also determine that the exhibition or 

display of the exhibit objects at the Yale 

Center for British Art, New Haven, CT, 

from on or about March 6, 2014, until 

on or about June 1, 2014, and at possible 

additional exhibitions or venues yet to 

be determined, is in the national 

interest. I have ordered that Public 

Notice of these Determinations be 

published in the Federal Register. 

FOR FURTHER INFORMATION CONTACT: For 

further information, including a list of 

the exhibit objects, contact Julie 

Simpson, Attorney-Adviser, Office of 

the Legal Adviser, U.S. Department of 

State (telephone: 202–632–6467). The 

mailing address is U.S. Department of 

State, SA–5, L/PD, Fifth Floor (Suite 

5H03), Washington, DC 20522–0505. 

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9030 Federal Register / Vol. 79, No. 31 / Friday, February 14, 2014 / Notices 

1Pursuant to section 1244(c)(2)(C)(iii) of IFCA, 

the relevant sanction in Section 1244(c)(1) 

continues not to apply, by its terms, in the case of 

Iranian financial institutions that have not been 

designated for the imposition of sanctions in 

connection with Iran’s proliferation of weapons of 

mass destruction or delivery systems for weapons 

of mass destruction, support for international 

terrorism, or abuses of human rights (as described 

in section 1244(c)(3)). 2Pursuant to section 1246(a)(1)(C) of IFCA, the 

relevant sanction in Section 1246(a)(1)(C) continues 

not to apply, by its terms, in the case of Iranian 

financial institutions that have not been designated 

for the imposition of sanctions in connection with 

Iran’s proliferation of weapons of mass destruction 

or delivery systems for weapons of mass 

destruction, support for international terrorism, or 

abuses of human rights (as described in section 

1246(b)). 

3Pursuant to section 1247(a) of IFCA, the relevant 

sanction in Section 1247(a) still continues not to 

apply, by its terms, in the case of Iranian financial 

institutions that have not been designated for the 

imposition of sanctions in connection with Iran’s 

proliferation of weapons of mass destruction or 

delivery systems for weapons of mass destruction, 

support for international terrorism, or abuses of 

human rights (as described in section 1247(b)). 

Dated: February 7, 2014. 

Kelly Keiderling, 

Principal Deputy Assistant Secretary, Bureau 

of Educational and Cultural Affairs, 

Department of State. 

[FR Doc. 2014–03296 Filed 2–13–14; 8:45 am] 

BILLING CODE 4710–05–P 

DEPARTMENT OF STATE 

[Public Notice 8631] 

Notice of Closed Meeting of the 

Cultural Property Advisory Committee 

There will be a closed meeting of the 

Cultural Property Advisory Committee 

on Thursday, March 13, and Friday, 

March 14, 2014, at the Department of 

State, Annex 5, 2200 C Street NW., 

Washington, DC. 

The Committee will conduct interim 

reviews of the Memorandum of 

Understanding Between the Government 

of the United States of America and the 

Government of the Republic of Italy 

Concerning the Imposition of Import 

Restrictions on Categories of 

Archaeological Material Representing 

the Pre-Classical, Classical and Imperial 

Roman Periods of Italy, and the 

Memorandum of Understanding 

Between the Government of the United 

States of America and the Government 

of the Republic of Colombia Concerning 

the Imposition of Import Restrictions on 

Archaeological Materials from the PreColumbian Cultures and Certain 

Ecclesiastical Material from the Colonial 

Period of Colombia. Public comment, 

oral and written, will be invited at a 

time in the future should either or both 

of these Memoranda of Understanding 

be proposed for extension. 

The Committee’s responsibilities are 

carried out in accordance with 

provisions of the Convention on 

Cultural Property Implementation Act 

(19 U.S.C. 2601 et seq.). The text of the 

Act and Memoranda of Understanding, 

as well as related information, may be 

found at http://

culturalheritage.state.gov. 

This meeting will be closed pursuant 

to 5 U.S.C. 552b(c)(9)(B) and 19 U.S.C. 

2605(h), the latter of which stipulates 

that ‘‘The provisions of the Federal 

Advisory Committee Act . . . shall 

apply to the [Cultural Property 

Advisory] Committee except that the 

requirements of subsections (a) and (b) 

of section 10 and 11 of such Act 

(relating to open meetings, public 

notice, public participation, and public 

availability of documents) shall not 

apply to the Committee, whenever and 

to the extent it is determined by the 

President or his designee that the 

disclosure of matters involved in the 

Committee’s proceedings would 

compromise the Government’s 

negotiation objectives or bargaining 

positions on the negotiations of any 

agreement authorized by this title.’’ 

Pursuant to law, executive order, and 

delegation of authority, I have made 

such a determination. 

Dated: February 7, 2014. 

Evan Ryan, 

Assistant Secretary, Bureau of Educational 

and Cultural Affairs, U.S. Department of 

State. 

[FR Doc. 2014–03298 Filed 2–13–14; 8:45 am] 

BILLING CODE 4710–05–P 

DEPARTMENT OF STATE 

[Public Notice 8632] 

Provision of Certain Temporary 

Sanctions Relief 

AGENCY: Bureau of Economic and 

Business Affairs, Department of State. 

ACTION: Notice. 

SUMMARY: The United States 

Government (USG) is issuing temporary 

waivers of certain sanctions to allow for 

a discrete range of transactions related 

to the provision of satellite connectivity 

services to the Islamic Republic of Iran 

Broadcasting (IRIB). The USG is issuing 

these waivers based on Iran’s 

commitment to ensure that harmful 

satellite interference does not emanate 

from its territory, and verification by the 

USG that harmful satellite interference 

is not currently emanating from the 

territory of Iran. 

DATES: The effective dates of these 

waiver actions are as described in the 

determinations set forth below. 

FOR FURTHER INFORMATION CONTACT: On 

general issues: John Hughes, Office of 

Economic Sanctions Policy and 

Implementation, Department of State, 

Telephone: (202) 647–7489. 

SUPPLEMENTARY INFORMATION: Acting 

under the authorities vested in me as 

Secretary of State, I hereby make the 

following determinations and 

certifications: 

Pursuant to Sections 1244(i), 1245(g), 

1246(e), and 1247(f) of the Iran Freedom and 

Counter-Proliferation Act of 2012 (subtitle D 

of title XII of Public Law 112–239, 22 U.S.C. 

8801 et seq.) (IFCA) and the Delegation of 

Certain Functions and Authorities under 

IFCA, 78 Fed. Reg. 35545 (June 13, 2013), I 

determine that it is vital to the national 

security of the United States to waive the 

imposition of sanctions pursuant to: 

1. Section 1244(c)(1) of IFCA 1 to the extent 

required for: 

a. Transactions involving the provision of 

ground connectivity services using earth 

stations and fiber optic connections outside 

of Iran and the provision and management of 

satellite capacity for sale or resale to the 

Islamic Republic of Iran Broadcasting (IRIB), 

where such ground connectivity services and 

satellite capacity are to be used for the 

provision to Iran of public international 

telecommunications services, and; 

b. transactions involving the provision of 

the following related administrative services 

to, or for the benefit of, the IRIB, to the extent 

such services are necessary to establish and 

maintain ground and satellite connectivity 

with IRIB: Standard operational support, 

including coordinating with in-country 

personnel on matters such as configuring 

ground and earth station equipment to access 

space segment capacity; marketing services; 

billing services; and legal services, and 

excluding any transactions involving persons 

other than IRIB on the SDN List. 

2. Section 1246(a) of IFCA 2 to the extent 

required for: 

a. Transactions involving the provision of 

ground connectivity services using earth 

stations and fiber optic connections outside 

of Iran and the provision and management of 

satellite capacity for sale or resale to the 

Islamic Republic of Iran Broadcasting (IRIB), 

where such ground connectivity services and 

satellite capacity are to be used for the 

provision to Iran of public international 

telecommunications services, and; 

b. transactions involving the provision of 

the following related administrative services 

to, or for the benefit of, the IRIB, to the extent 

such services are necessary to establish and 

maintain ground and satellite connectivity 

with IRIB: Standard operational support, 

including coordinating with in-country 

personnel on matters such as configuring 

ground and earth station equipment to access 

space segment capacity; marketing services; 

billing services; and legal services, and 

excluding any transactions involving persons 

other than IRIB on the SDN List. 

3. Section 1247(a) of IFCA 3 to the extent 

required for: 

a. Transactions involving the provision of 

ground connectivity services using earth 

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