Council on Underserved Communities, Establishment of and Request for Nominations, 80562-80563 [2010-32097]
Download as PDF
<![CDATA[
srobinson on DSKHWCL6B1PROD with NOTICES
80562
Federal Register / Vol. 75, No. 245 / Wednesday, December 22, 2010 / Notices
the pilot program was extended again
through December 31, 2010 (75 FR 473).
SBA has completed its evaluation of
Community Express and has determined
that the pilot program is not achieving
the expected results at a reasonable cost
to the taxpayers. When measured
against broad program goals,
Community Express has had mixed
outcomes. The Community Express
product has resulted in loans to new
businesses, minority businesses and
other underserved sectors; however, it
has consistently ranked as SBA’s
highest loss product, even when
controlling for loan size, and it has
never had widespread acceptance by
SBA lenders or good geographical
dispersion.
Throughout its history, Community
Express has had significantly higher
default rates (almost 40% of loans
defaulted in certain cohorts) compared
with other similarly sized 7(a) loans,
which also resulted in higher net losses
because most Community Express loans
are unsecured. In addition, the difficulty
of coordinating and ensuring efficient
access to quality management and
technical assistance to borrowers
resulted in large lenders abandoning the
product a few years after its creation.
Many commercial lenders may not have
been willing or able to efficiently meet
SBA’s technical assistance delivery and
reporting requirements because the
provision and reporting of management
and technical assistance is not normally
part of their lending model. Eventually,
less than 5% of SBA’s active lenders
were using the product and most of the
activity was concentrated in a handful
of lenders (three lenders comprised
approximately 85% of the Community
Express loan volume in recent years,
one of which has been taken over by the
FDIC and is no longer in operation).
SBA’s Office of Inspector General
(OIG) conducted a thorough review of
the Community Express Pilot Program
over the span of 14 months resulting in
an audit report issued on August 25,
2010. The OIG identified significant
issues with the pilot program, including
the following: (1) Community Express
has not been as effective as other 7(a)
loan programs in increasing loans to
underserved markets; (2) Community
Express has a high cost, which is
expected to significantly increase the
overall 7(a) program subsidy rate; and
(3) the credit scoring practices of the
two most active Community Express
Lenders have increased program risk.
Based on the issues identified above, the
central recommendation of the OIG
report was that SBA not extend the
Community Express Pilot Loan Program
in its current form.
VerDate Mar<15>2010
20:24 Dec 21, 2010
Jkt 223001
For the reasons discussed above, SBA
is proposing to replace Community
Express with two new 7(a) lending
initiatives designed to reach
underserved markets more efficiently
and effectively and at a lower cost to the
taxpayer. Extending Community
Express four months will permit SBA
time to roll out the new pilot program.
Authority: 15 U.S.C. 636(a)(25); 13 CFR
120.3.
Dated: December 16, 2010.
Karen G. Mills,
Administrator.
[FR Doc. 2010–32095 Filed 12–21–10; 8:45 am]
BILLING CODE 8025–01–P
SMALL BUSINESS ADMINISTRATION
Council on Underserved Communities,
Establishment of and Request for
Nominations
U.S. Small Business
Administration (SBA).
ACTION: Notice of creation of Council on
Underserved Communities and request
for nominations.
AGENCY:
Pursuant to the Federal
Advisory Committee Act and its
implementing regulations, SBA is
issuing this notice to announce the
creation of its Council on Underserved
Communities. This advisory committee
is being established to help the agency
identify and address needs of small
businesses in underserved urban and
rural communities. With this notice
SBA is also requesting nominations for
members of this Council.
DATES: Submit nominations on or before
5 p.m. EST January 31, 2011.
FOR FURTHER INFORMATION CONTACT:
Questions about the Council on
Underserved Communities may be
directed to Dan Jones, telephone (202)
205–7583, fax (202) 481–6536, e-mail
dan.jones@sba.gov or mail, U.S. Small
Business Administration, 409 3rd Street,
SW. 7th Floor, Washington DC 20416.
SUPPLEMENTARY INFORMATION: Pursuant
to its authority in section 8(b)(13) of the
Small Business Act, (15 U.S.C. 637(b)),
SBA is establishing the Council on
Underserved Communities. This
discretionary committee is being
established in accordance with the
provisions of the Federal Advisory
Committee Act, as amended (5 U.S.C.
App.).
The Council will provide advice,
ideas and opinions on SBA programs
and services and issues of interest to
small businesses in underserved
communities. Its members provide an
essential connection between SBA and
SUMMARY:
PO 00000
Frm 00108
Fmt 4703
Sfmt 4703
small businesses in inner city and rural
communities. The Council’s scope of
activities includes reviewing SBA
current programs and policies, while
working towards creating new and
insightful place-based initiatives to spur
economic growth, job creation,
competiveness, and sustainability.
Council members will bring a number
of important points of views to the
Council: an understanding of the
barriers to success for small business
owners in underserved communities;
experience working in and operating
businesses in urban and rural
underserved communities; challenges
regarding access to capital; knowledge
and experience in training and
counseling entrepreneurs in
underserved communities; and
associations representing owners of
small business in underserved
communities.
The Council will have a total of
twenty (20) members, 19 members-atlarge and one Chair. Members may
consist of current or former small
business owners, community leaders,
officials from small business trade
associations, and academic institutions.
Members shall represent the interests of
underserved communities across the
country, both rural and urban.
Request for Nominations
SBA is requesting nominations for the
Council on Underserved Communities
and encourages all qualified candidates
to apply. Candidates may self nominate
or be nominated by another source. SBA
will be accepting nominations for
membership through January 31, 2011.
Please e-mail contact information and a
resume or bio to
underservedcouncil@sba.gov.
Qualifications
SBA is asking for nominations to fill
the 19 at-large Council members.
Members must represent at least one of
the following constituencies: current or
former small business owners;
community leaders; small business
trade associations; or academic
institutions. SBA seeks candidates
representing both urban and rural
underserved communities.
Status
All members serve at the pleasure of
the SBA Administrator and will be
considered representatives. Members
will not be paid for participation
however, the Agency will pay travel and
per diem expenses while members are
attending required meetings. Council
members are expected to attend all
required meetings. Some meetings may
be held via conference call. Initially,
E:\FR\FM\22DEN1.SGM
22DEN1
80563
Federal Register / Vol. 75, No. 245 / Wednesday, December 22, 2010 / Notices
nine (9) members will be appointed for
a term of 2 years and eleven (11)
members will be appointed for a term of
3 years. Thereafter, members will be
appointed for two (2) year terms and
may not serve more than three (3) terms
unless SBA terminates membership
sooner.
Nomination Process
Nominees should send a letter of selfnomination or a letter of nomination
from a peer, professional organization or
society or member of Congress. This
letter must indicate which category the
nominee will represent and highlight
accomplishments and experience
working with small businesses in urban
or rural underserved communities,
including personal experience as a
small business owner located in an
underserved community. The letter
should also include the following
information: full name of nominee,
occupation, physical address, telephone
number, and e-mail address.
All nominees are subject to a conflict
of interest determination by SBA and
will not be considered eligible until
such determination is made. Nominees
may be asked to submit additional
information. Nominations must be sent
to Dan Jones at
underservedcouncil@sba.gov.
Dated: December 16, 2010.
Dan Jones,
SBA Committee Management Officer.
[FR Doc. 2010–32097 Filed 12–21–10; 8:45 am]
BILLING CODE 8025–01–P
SOCIAL SECURITY ADMINISTRATION
Agency Information Collection
Activities: Proposed Request and
Comment Request
The Social Security Administration
(SSA) publishes a list of information
collection packages requiring clearance
by the Office of Management and
Budget (OMB) in compliance with
Public Law (Pub. L.) 104–13, the
Paperwork Reduction Act of 1995,
effective October 1, 1995. This notice
includes revisions to OMB-approved
information collections.
SSA is soliciting comments on the
accuracy of the agency’s burden
estimate; the need for the information;
its practical utility; ways to enhance its
quality, utility, and clarity; and ways to
minimize burden on respondents,
including the use of automated
collection techniques or other forms of
information technology. Mail, email, or
fax your comments and
recommendations on the information
collection(s) to the OMB Desk Officer
and SSA Reports Clearance Officer at
the following addresses or fax numbers.
(OMB)
Office of Management and Budget,
Attn: Desk Officer for SSA, Fax: 202–
395–6974, E-mail address:
OIRA_Submission@omb.eop.gov.
(SSA)
Social Security Administration,
DCBFM, Attn: Reports Clearance
Officer, 1333 Annex Building, 6401
Security Blvd., Baltimore, MD 21235,
Fax: 410–965–6400, E-mail address:
OPLM.RCO@ssa.gov.
I. The information collections below
are pending at SSA. SSA will submit
them to OMB within 60 days from the
date of this notice. To be sure we
consider your comments, we must
receive them no later than February 22,
2011. Individuals can obtain copies of
the collection instruments by calling the
SSA Reports Clearance Officer at 410–
965–8783 or by writing to the above
email address.
1. RSI/DI Quality Review Case
Analysis—Sampled Number Holder;
Auxiliaries/Survivors; Parent;
Stewardship Annual Earnings Test—
0960–0189. SSA collects information on
Forms SSA–2930, SSA–2931, and SSA–
2932 to establish a national payment
accuracy rate for all cases in payment
Number of
responses
srobinson on DSKHWCL6B1PROD with NOTICES
Form number
SSA–2930 ........................................................................................................
SSA–2931 ........................................................................................................
SSA–2932 ........................................................................................................
SSA–4659 ........................................................................................................
SSA–L8550–U3 ...............................................................................................
SSA–L8551–U3 ...............................................................................................
SSA–L8552–U3 ...............................................................................................
SSA–L8553–U3 ...............................................................................................
SSA–L8554–U3 ...............................................................................................
SSA–8552 ........................................................................................................
SSA–85 ............................................................................................................
SSA–2935 ........................................................................................................
VerDate Mar<15>2010
20:24 Dec 21, 2010
Jkt 223001
PO 00000
Frm 00109
Fmt 4703
Sfmt 4703
status, and to serve as a source of
information regarding problem areas in
the Retirement and Survivors Insurance
(RSI) and Disability Insurance (DI)
programs. SSA also uses the information
to measure the accuracy rate for newly
adjudicated RSI/DI cases. SSA collects
information on Form SSA–4659 to
evaluate and determine the effectiveness
of the annual earnings test, and uses the
results in developing ongoing
improvements in the process. SSA
sends each beneficiary an appointment
letter for the interview. About 25
percent of respondents will have faceto-face contact reviews and receive one
of the following letters for an
appointment: SSA–L8550–U3
(Appointment Letter—Sample
Individual), SSA–L8551–U3
(Appointment Letter—Sample Family),
or the SSA–L8552–U3 (Appointment
Letter—Rep Payee). The other 75
percent of respondents will receive a
notice for a telephone contact review:
either the SSA–L8553–U3 (Beneficiary
Telephone Contact), or the SSA–L8554–
U3 (Rep Payee Telephone Contact)
notice.
To help the beneficiary prepare for
the interview, we include three forms
with each notice:
(1) SSA–85 (Information Needed to
Review Your Social Security Claim) that
lists the information the beneficiary will
need to gather for the interview;
(2) SSA–2935 (Authorization to the
Social Security Administration to
Obtain Personal Information) so SSA
can obtain information to verify the
beneficiary’s correct payment amount, if
necessary; and
(3) SSA–8552 (Interview
Confirmation) to confirm or reschedule
the interview if necessary.
The respondents are a statistically
valid sample of all RSI/DI beneficiaries
in current pay status or their
representative payees.
Type of Request: Revision of an OMBapproved information collection.
Frequency of
response
1,500
750
100
325
385
95
35
4,490
670
2,350
3,850
2,350
E:\FR\FM\22DEN1.SGM
1
1
1
1
1
1
1
1
1
1
1
1
22DEN1
Average
burden per
response
(minutes)
30
30
20
10
5
5
5
5
5
5
5
5
Total annual
burden
(hours)
750
375
33
54
32
8
3
374
56
196
321
196
]]>Agencies
[Federal Register Volume 75, Number 245 (Wednesday, December 22, 2010)]
[Notices]
[Pages 80562-80563]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-32097]
-----------------------------------------------------------------------
SMALL BUSINESS ADMINISTRATION
Council on Underserved Communities, Establishment of and Request
for Nominations
AGENCY: U.S. Small Business Administration (SBA).
ACTION: Notice of creation of Council on Underserved Communities and
request for nominations.
-----------------------------------------------------------------------
SUMMARY: Pursuant to the Federal Advisory Committee Act and its
implementing regulations, SBA is issuing this notice to announce the
creation of its Council on Underserved Communities. This advisory
committee is being established to help the agency identify and address
needs of small businesses in underserved urban and rural communities.
With this notice SBA is also requesting nominations for members of this
Council.
DATES: Submit nominations on or before 5 p.m. EST January 31, 2011.
FOR FURTHER INFORMATION CONTACT: Questions about the Council on
Underserved Communities may be directed to Dan Jones, telephone (202)
205-7583, fax (202) 481-6536, e-mail dan.jones@sba.gov or mail, U.S.
Small Business Administration, 409 3rd Street, SW. 7th Floor,
Washington DC 20416.
SUPPLEMENTARY INFORMATION: Pursuant to its authority in section
8(b)(13) of the Small Business Act, (15 U.S.C. 637(b)), SBA is
establishing the Council on Underserved Communities. This discretionary
committee is being established in accordance with the provisions of the
Federal Advisory Committee Act, as amended (5 U.S.C. App.).
The Council will provide advice, ideas and opinions on SBA programs
and services and issues of interest to small businesses in underserved
communities. Its members provide an essential connection between SBA
and small businesses in inner city and rural communities. The Council's
scope of activities includes reviewing SBA current programs and
policies, while working towards creating new and insightful place-based
initiatives to spur economic growth, job creation, competiveness, and
sustainability.
Council members will bring a number of important points of views to
the Council: an understanding of the barriers to success for small
business owners in underserved communities; experience working in and
operating businesses in urban and rural underserved communities;
challenges regarding access to capital; knowledge and experience in
training and counseling entrepreneurs in underserved communities; and
associations representing owners of small business in underserved
communities.
The Council will have a total of twenty (20) members, 19 members-
at-large and one Chair. Members may consist of current or former small
business owners, community leaders, officials from small business trade
associations, and academic institutions. Members shall represent the
interests of underserved communities across the country, both rural and
urban.
Request for Nominations
SBA is requesting nominations for the Council on Underserved
Communities and encourages all qualified candidates to apply.
Candidates may self nominate or be nominated by another source. SBA
will be accepting nominations for membership through January 31, 2011.
Please e-mail contact information and a resume or bio to
underservedcouncil@sba.gov.
Qualifications
SBA is asking for nominations to fill the 19 at-large Council
members. Members must represent at least one of the following
constituencies: current or former small business owners; community
leaders; small business trade associations; or academic institutions.
SBA seeks candidates representing both urban and rural underserved
communities.
Status
All members serve at the pleasure of the SBA Administrator and will
be considered representatives. Members will not be paid for
participation however, the Agency will pay travel and per diem expenses
while members are attending required meetings. Council members are
expected to attend all required meetings. Some meetings may be held via
conference call. Initially,
[[Page 80563]]
nine (9) members will be appointed for a term of 2 years and eleven
(11) members will be appointed for a term of 3 years. Thereafter,
members will be appointed for two (2) year terms and may not serve more
than three (3) terms unless SBA terminates membership sooner.
Nomination Process
Nominees should send a letter of self-nomination or a letter of
nomination from a peer, professional organization or society or member
of Congress. This letter must indicate which category the nominee will
represent and highlight accomplishments and experience working with
small businesses in urban or rural underserved communities, including
personal experience as a small business owner located in an underserved
community. The letter should also include the following information:
full name of nominee, occupation, physical address, telephone number,
and e-mail address.
All nominees are subject to a conflict of interest determination by
SBA and will not be considered eligible until such determination is
made. Nominees may be asked to submit additional information.
Nominations must be sent to Dan Jones at underservedcouncil@sba.gov.
Dated: December 16, 2010.
Dan Jones,
SBA Committee Management Officer.
[FR Doc. 2010-32097 Filed 12-21-10; 8:45 am]
BILLING CODE 8025-01-P
