Regulatory Reform Initiative: Program for Investment in Microentrepreneurs (PRIME), 7254-7256 [2020-02366]
Download as PDF
<![CDATA[
7254
Federal Register / Vol. 85, No. 26 / Friday, February 7, 2020 / Proposed Rules
contain information collection
requirements that require the approval
of the Office of Management and
Budget.
1. The authority citation for part 2641
continues to read as follows:
■
Unfunded Mandates Reform Act
For purposes of the Unfunded
Mandates Reform Act of 1995 (2 U.S.C.
chapter 25, subchapter II), this proposed
rule would not significantly or uniquely
affect small governments and will not
result in increased expenditures by
State, local, and tribal governments, in
the aggregate, or by the private sector, of
$100 million or more (as adjusted for
inflation) in any one year.
Congressional Review Act
The proposed rule is not a major rule
as defined in 5 U.S.C. Chapter 8,
Congressional Review of Agency
Rulemaking.
Authority: 5 U.S.C. App. (Ethics in
Government Act of 1978); 18 U.S.C. 207; E.O.
12674, 54 FR 15159, 3 CFR, 1989 Comp., p.
215, as modified by E.O. 12731, 55 FR 42547,
3 CFR, 1990 Comp., p. 306.
2. Appendix B to part 2641 is
amended by revising the listings for the
Department of Commerce, the
Department of Labor, and the
Department of the Treasury to read as
follows:
■
Appendix B to Part 2641—Agency
Components for Purposes of 18 U.S.C.
207(c)
*
*
*
*
*
Executive Orders 13563 and 12866
Parent: Department of Commerce
Executive Orders 13563 and 12866
direct agencies to assess all costs and
benefits of available regulatory
alternatives and, if regulation is
necessary, to select the regulatory
approaches that maximize net benefits
(including economic, environmental,
public health and safety effects,
distributive impacts, and equity).
Executive Order 13563 emphasizes the
importance of quantifying both costs
and benefits, of reducing costs, of
harmonizing rules, and of promoting
flexibility. In promulgating this rule, the
Office of Government Ethics has
adhered to the regulatory philosophy
and the applicable principles of
regulation set forth in Executive Orders
12866 and 13563. This proposed rule
has not been reviewed by the Office of
Management and Budget under
Executive Order 12866 because it is not
a ‘‘significant’’ regulatory action for the
purposes of that order.
Components:
Bureau of the Census.
Bureau of Economic Analysis
(effective upon publication of the final
rule in the Federal Register).
Bureau of Industry and Security
(formerly Bureau of Export
Administration) (effective January 28,
1992).
Economic Development
Administration.
International Trade Administration.
Minority Business Development
Agency (formerly listed as Minority
Business Development Administration).
National Institute of Standards and
Technology (effective March 6, 2008).
National Oceanic and Atmospheric
Administration.
National Technical Information
Service (effective March 6, 2008).
National Telecommunications and
Information Administration.
United States Patent and Trademark
Office (formerly Patent and Trademark
Office).
*
*
*
*
*
Executive Order 12988
As Director of the Office of
Government Ethics, I have reviewed this
proposed rule in light of section 3 of
Executive Order 12988, Civil Justice
Reform, and certify that it meets the
applicable standards provided therein.
List of Subjects in 5 CFR Part 2641
Conflict of interests, Government
employees.
jbell on DSKJLSW7X2PROD with PROPOSALS
PART 2641—POST-EMPLOYMENT
CONFLICT OF INTEREST
RESTRICTIONS
Approved: February 3, 2020.
Emory Rounds,
Director, Office of Government Ethics.
Accordingly, for the reasons set forth
in the preamble, the Office of
Government Ethics proposes to amend 5
CFR part 2641, as set forth below:
VerDate Sep<11>2014
17:15 Feb 06, 2020
Jkt 250001
Parent: Department of Labor
Components:
Bureau of Labor Statistics.
Employee Benefits Security
Administration (formerly Pension and
Welfare Benefits Administration)
(effective May 16, 1997).
Employment and Training
Administration.
Mine Safety and Health
Administration.
Occupational Safety and Health
Administration.
Office of Disability Employment
Policy (effective January 30, 2003).
Office of Federal Contract Compliance
Programs (effective December 29, 2016).
PO 00000
Frm 00003
Fmt 4702
Sfmt 4702
Office of Labor Management
Standards (effective December 29,
2016).
Office of Workers’ Compensation
Programs (effective December 29, 2016).
Pension Benefit Guaranty Corporation
(effective May 25, 2011).
Veterans’ Employment and Training
Service (effective upon publication of
the final rule in the Federal Register).
Wage and Hour Division (effective
December 29, 2016).
*
*
*
*
*
Parent: Department of the Treasury
Components:
Alcohol and Tobacco Tax and Trade
Bureau (effective November 23, 2004).
Bureau of Engraving and Printing.
Bureau of the Fiscal Service (effective
December 4, 2014).
Comptroller of the Currency.
Financial Crimes Enforcement
Network (FinCEN) (effective January 30,
2003).
Internal Revenue Service.
United States Mint (formerly listed as
Bureau of the Mint).
[FR Doc. 2020–02395 Filed 2–6–20; 8:45 am]
BILLING CODE 6345–02–P
SMALL BUSINESS ADMINISTRATION
13 CFR Part 119
RIN 3245–AH11
Regulatory Reform Initiative: Program
for Investment in Microentrepreneurs
(PRIME)
U.S. Small Business
Administration.
ACTION: Proposed rule.
AGENCY:
The U.S. Small Business
Administration (SBA or Agency) is
proposing to revise one regulation and
remove 19 regulations from the Code of
Federal Regulations (CFR) related to the
Program for Investment in
Microentrepreneurs (PRIME) that are
repetitive and unnecessary because they
duplicate identical guidance and
requirements already stipulated in other
legal sources and/or provided to grant
applicant and recipients in the annual
PRIME funding opportunity
announcement. The removal of these
regulations will assist the public by
simplifying SBA’s regulations in the
CFR and reducing the amount of time
grant applicants and recipients must
spend reviewing programmatic
guidance.
SUMMARY:
Comments must be received on
or before April 7, 2020.
DATES:
E:\FR\FM\07FEP1.SGM
07FEP1
Federal Register / Vol. 85, No. 26 / Friday, February 7, 2020 / Proposed Rules
You may submit comments,
identified by RIN: 3245–AH11 by any of
the following methods:
• Federal eRulemaking Portal: https://
www.regulations.gov. Follow the
instructions for submitting comments.
• Mail or Hand Delivery/Courier:
Daniel Upham, Chief, Microenterprise
Development Division, Office of Capital
Access, U.S. Small Business
Administration, 409 Third Street SW,
Washington, DC 20416.
SBA will post all comments on https://
www.regulations.gov. If you wish to
submit confidential business
information (CBI), as defined in the User
Notice at https://www.regulations.gov,
please submit the information to Daniel
Upham, Chief, Microenterprise
Development Division, Office of Capital
Access, U.S. Small Business
Administration, 409 Third Street SW,
Washington, DC 20416, or send an email
to daniel.upham@sba.gov. Highlight the
information that you consider to be CBI
and explain why you believe SBA
should hold this information as
confidential. SBA will review the
information and make the final
determination on whether it will
publish the information.
FOR FURTHER INFORMATION CONTACT:
Daniel Upham, Chief, Microenterprise
Development Division, Office of Capital
Access, at 202–205–7001 or
daniel.upham@sba.gov.
SUPPLEMENTARY INFORMATION:
ADDRESSES:
jbell on DSKJLSW7X2PROD with PROPOSALS
I. Background Information
A. Part 119—Program for Investment in
Microentrepreneurs (‘‘PRIME’’ or ‘‘The
Act’’)
Under the PRIME program, SBA is
authorized by 15 U.S.C. 6902 to make
grants to qualified organizations for the
purpose of funding: (i) Training and
technical assistance to disadvantaged
microentrepreneurs; (ii) training and
capacity-building services for
microenterprise development
organizations; (iii) research and
development of the best practices in the
fields of microenterprise development
and technical assistance for
disadvantaged microentrepreneurs; and
(iv) other related activities as the
Agency deems appropriate.
In this rule, SBA is proposing to
modify one regulation and remove 19
regulations from the CFR related to the
Program for Investment in
Microentrepreneurs (PRIME) that are no
longer necessary because they duplicate
identical guidance and requirements
already stipulated in the enabling
legislation (15 U.S.C. 6901 et seq.), the
governmentwide grant regulations (2
CFR part 200), and/or provided to grant
VerDate Sep<11>2014
17:15 Feb 06, 2020
Jkt 250001
applicant and recipients in the PRIME
funding opportunity announcements
published annually by SBA at
www.grants.gov. The removal of these
regulations will assist the public by
simplifying SBA’s regulations in the
CFR and reducing the amount of time
grant applicants and recipients must
spend reviewing programmatic
guidance.
B. Executive Order 13771
On January 30, 2017, President Trump
signed Executive Order 13771, Reducing
Regulation and Controlling Regulatory
Costs, which, among other objectives, is
intended to ensure that an agency’s
regulatory costs are prudently managed
and controlled so as to minimize the
compliance burden imposed on the
public. For every new regulation an
agency proposes to implement, unless
prohibited by law, this Executive Order
requires the agency to (i) identify at
least two existing regulations that the
agency can cancel; and (ii) use the cost
savings from the cancelled regulations
to offset the cost of the new regulation.
C. Executive Order 13777
On February 24, 2017, the President
issued Executive Order 13777,
Enforcing the Regulatory Reform
Agenda, which further emphasized the
goal of the Administration to alleviate
the regulatory burdens placed on the
public. Under Executive Order 13777,
agencies must evaluate their existing
regulations to determine which ones
should be repealed, replaced, or
modified. In doing so, agencies should
focus on identifying regulations that,
among other things: Eliminate jobs or
inhibit job creation; are outdated,
unnecessary, or ineffective; impose
costs that exceed benefits; create a
serious inconsistency or otherwise
interfere with regulatory reform
initiatives and policies; or are associated
with Executive Orders or other
Presidential directives that have been
rescinded or substantially modified.
II. Section by Section Analysis
A. Section 119
This rule currently summarizes the
purpose of the PRIME program. SBA
intends to retain this statement of
programmatic purpose and proposes to
add further subsections addressing how
qualified organizations may apply for
grant awards under the PRIME program.
B. Sections 119.2 Through 119.20
These rules provide guidance to
PRIME program applicants regarding the
application and selection process, as
well as inform grant recipients of certain
restrictions and requirements related to
PO 00000
Frm 00004
Fmt 4702
Sfmt 4702
7255
the conduct of PRIME grant projects.
They are no longer necessary because
the guidance, restrictions, and
requirements they reiterate are also
covered in other sources that are more
authoritative, informative, and/or
frequently updated. As such, they are
duplicative of, and of less utility, than
these other sources. SBA therefore
proposes removing these sections and
instead relying upon the content
contained in other Federal guidance,
such as the enabling legislation (15
U.S.C. 6901 et seq.), the governmentwide grant regulations (2 CFR part 200),
and the PRIME program annual funding
opportunity announcements and award
terms and conditions issued by SBA.
Program information will be published
annually at www.grants.gov.
III. Compliance With Executive Orders
12866, 13771, 12988, and 13132, the
Paperwork Reduction Act (44 U.S.C.,
Ch. 35), and the Regulatory Flexibility
Act (5 U.S.C. 601–612)
A. Executive Order 12866
The Office of Management and Budget
(OMB) has determined that this rule
does not constitute a significant
regulatory action for purposes of
Executive Order 12866 and is not a
major rule under the Congressional
Review Act, 5 U.S.C. 801 et seq.
B. Executive Order 13771
This proposed rule is expected to be
an Executive Order 13771 deregulatory
action with an annualized net savings of
$10,188 and a net present value of
$145,543 in savings, both in 2016
dollars. This rule will remove
redundant information which will save
grant applicants from reading the same
information from multiple sources. The
reduced burden assumes 130 grant
applicants read the regulation per year,
which is the average number of
applicants per year, and that they would
save 2 hours each from not reading the
removed information. This time is
valued at $40.83 per hour—the wage of
a community service manager based on
2018 U.S. Bureau of Labor Statistics
(BLS) data—and adding 30 percent more
for benefits for a total savings per year
of $10,616 in current dollars.
It is assumed that there will be no
costs to this rule as it removes
duplicative information.
C. Executive Order 12988
This action meets applicable
standards set forth in Section 3(a) and
3(b)(2) of Executive Order 12988, Civil
Justice Reform, to minimize litigation,
eliminate ambiguity, and reduce
E:\FR\FM\07FEP1.SGM
07FEP1
7256
Federal Register / Vol. 85, No. 26 / Friday, February 7, 2020 / Proposed Rules
119.1 What is the Program for Investment in
Microentrepreneurs (PRIME)?
119.2 through 119.20 [Reserved]
burden. The action does not have
retroactive or preemptive effect.
D. Executive Order 13132
This rule does not have federalism
implications as defined in Executive
Order 13132. It will not have substantial
direct effects on the States, on the
relationship between the national
government and the States, or on the
distribution of power and
responsibilities among the various
levels of government, as specified in the
Executive Order. As such it does not
warrant the preparation of a Federalism
Assessment.
E. Paperwork Reduction Act
§ 119.1 What is the Program for
Investment in Microentrepreneurs (PRIME)?
(a) The PRIME program authorizes
SBA to award grants to qualified
organizations to fund training and
technical assistance for disadvantaged
microentrepreneurs; training and
capacity-building services for
microenterprise development
organizations; research and
development of the best practices in the
fields of microenterprise development
and the provision of technical assistance
to disadvantaged microentrepreneurs;
and such other activities as the Agency
deems appropriate.
(b) Dependent upon the availability of
funds and continuing program
authority, SBA will issue, via Grants.gov
or any successor platform, funding
announcements specifying the terms,
conditions, and evaluation criteria for
each potential round of PRIME awards.
These funding announcements will
identify who is eligible to apply for
PRIME awards; summarize the purposes
for which the available funds may be
used; advise potential applicants
regarding the process for obtaining,
completing, and submitting an
application packet; and provide
information regarding application
deadlines and any additional
limitations, special rules, procedures,
and restrictions which SBA may deem
advisable.
(c) SBA will evaluate applications for
PRIME awards in accordance with the
stated statutory goals of the program and
the specific criteria described in the
relevant funding announcement.
(d) In administering the PRIME
program, SBA will require recipients to
provide reports in accordance with the
subject matter areas and schedule
identified in the terms and conditions of
their awards. In addition, SBA may, as
it deems appropriate, make site visits to
recipients’ premises and review all
applicable documentation and records.
Federal Aviation Administration
14 CFR Part 39
[Docket No. FAA–2020–0064; Product
Identifier 2019–SW–096–AD]
RIN 2120–AA64
Airworthiness Directives; MD
Helicopters Inc., Helicopters
Federal Aviation
Administration (FAA), DOT.
ACTION: Notice of proposed rulemaking
(NPRM).
AGENCY:
Accordingly, for the reasons stated in
the preamble, SBA proposes to revise 13
CFR part 119 to read as follows:
§§ 119.2 through 119.20
Jovita Carranza,
Administrator.
The FAA proposes to adopt a
new airworthiness directive (AD) for
MD Helicopters Inc., (MDHI) Model
369D, 369E, 369FF, 369H, 369HE,
369HM, 369HS, 500N, and 600N
helicopters. This proposed AD was
prompted by a report of non-conforming
main rotor (M/R) hub lead-lag bolts
(bolts). This proposed AD would require
removing certain bolts from service. The
FAA is proposing this AD to address the
unsafe condition on these products.
DATES: The FAA must receive comments
on this proposed AD by March 23, 2020.
ADDRESSES: You may send comments,
using the procedures found in 14 CFR
11.43 and 11.45, by any of the following
methods:
• Federal eRulemaking Portal: Go to
https://www.regulations.gov. Follow the
instructions for submitting comments.
• Fax: 202–493–2251.
• Mail: U.S. Department of
Transportation, Docket Operations, M–
30, West Building Ground Floor, Room
W12–140, 1200 New Jersey Avenue SE,
Washington, DC 20590.
• Hand Delivery: Deliver to Mail
address above between 9 a.m. and 5
p.m., Monday through Friday, except
Federal holidays.
For service information identified in
this NPRM, contact MD Helicopters,
Inc., Attn: Customer Support Division,
4555 E. McDowell Rd., Mail Stop M615,
Mesa, AZ 85215–9734; telephone 1–
800–388–3378; fax 480–346–6813; or at
https://www.mdhelicopters.com. You
may view this service information at the
FAA, Office of the Regional Counsel,
Southwest Region, 10101 Hillwood
Pkwy, Room 6N–321, Fort Worth, TX
76177. For information on the
availability of this material at the FAA,
call 817–222–5110.
PART 119—PROGRAM FOR
INVESTMENT IN
MICROENTREPRENEURS (‘‘PRIME’’ or
‘‘The Act’’)
[FR Doc. 2020–02366 Filed 2–6–20; 8:45 am]
Examining the AD Docket
BILLING CODE P
You may examine the AD docket on
the internet at https://
www.regulations.gov by searching for
and locating Docket No. FAA–2020–
The SBA has determined that this
proposed rule does not affect any
existing collection of information.
F. Regulatory Flexibility Act
When an agency issues a proposed
rule, the Regulatory Flexibility Act
(RFA) requires the agency to prepare an
initial regulatory flexibility analysis
(IRFA), which describes whether the
rule will have a significant economic
impact on a substantial number of small
entities. However, Section 605 of the
RFA allows an agency to certify a rule,
in lieu of preparing an IRFA, if the
rulemaking is not expected to have a
significant economic impact on a
substantial number of small entities.
There are approximately 130 PRIME
grant applications per year. This rule
would remove regulations that are no
longer necessary because they contain
information that exists in multiple
sources which could affect all PRIME
grant applicants. The total annual
savings to applicants is estimated at
$10,616 in 2018 dollars, or about $82
per PRIME grant applicant. More
information on this estimate can be
found in the Executive Order 13771
discussion above.
Accordingly, the Administrator of the
SBA hereby certifies that this rule will
not have a significant economic impact
on a substantial number of small
entities. The SBA invites comments
from the public on this certification.
List of Subjects in 13 CFR Part 119
Grant programs—business, small
businesses.
■
jbell on DSKJLSW7X2PROD with PROPOSALS
Authority: 15 U.S.C. 634(b)(6), 6901–6910.
DEPARTMENT OF TRANSPORTATION
[Reserved]
Sec
VerDate Sep<11>2014
17:15 Feb 06, 2020
Jkt 250001
PO 00000
Frm 00005
Fmt 4702
Sfmt 4702
SUMMARY:
E:\FR\FM\07FEP1.SGM
07FEP1
]]>Agencies
[Federal Register Volume 85, Number 26 (Friday, February 7, 2020)]
[Proposed Rules]
[Pages 7254-7256]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-02366]
=======================================================================
-----------------------------------------------------------------------
SMALL BUSINESS ADMINISTRATION
13 CFR Part 119
RIN 3245-AH11
Regulatory Reform Initiative: Program for Investment in
Microentrepreneurs (PRIME)
AGENCY: U.S. Small Business Administration.
ACTION: Proposed rule.
-----------------------------------------------------------------------
SUMMARY: The U.S. Small Business Administration (SBA or Agency) is
proposing to revise one regulation and remove 19 regulations from the
Code of Federal Regulations (CFR) related to the Program for Investment
in Microentrepreneurs (PRIME) that are repetitive and unnecessary
because they duplicate identical guidance and requirements already
stipulated in other legal sources and/or provided to grant applicant
and recipients in the annual PRIME funding opportunity announcement.
The removal of these regulations will assist the public by simplifying
SBA's regulations in the CFR and reducing the amount of time grant
applicants and recipients must spend reviewing programmatic guidance.
DATES: Comments must be received on or before April 7, 2020.
[[Page 7255]]
ADDRESSES: You may submit comments, identified by RIN: 3245-AH11 by any
of the following methods:
Federal eRulemaking Portal: https://www.regulations.gov.
Follow the instructions for submitting comments.
Mail or Hand Delivery/Courier: Daniel Upham, Chief,
Microenterprise Development Division, Office of Capital Access, U.S.
Small Business Administration, 409 Third Street SW, Washington, DC
20416.
SBA will post all comments on https://www.regulations.gov. If you
wish to submit confidential business information (CBI), as defined in
the User Notice at https://www.regulations.gov, please submit the
information to Daniel Upham, Chief, Microenterprise Development
Division, Office of Capital Access, U.S. Small Business Administration,
409 Third Street SW, Washington, DC 20416, or send an email to
[email protected]. Highlight the information that you consider to be
CBI and explain why you believe SBA should hold this information as
confidential. SBA will review the information and make the final
determination on whether it will publish the information.
FOR FURTHER INFORMATION CONTACT: Daniel Upham, Chief, Microenterprise
Development Division, Office of Capital Access, at 202-205-7001 or
[email protected].
SUPPLEMENTARY INFORMATION:
I. Background Information
A. Part 119--Program for Investment in Microentrepreneurs (``PRIME'' or
``The Act'')
Under the PRIME program, SBA is authorized by 15 U.S.C. 6902 to
make grants to qualified organizations for the purpose of funding: (i)
Training and technical assistance to disadvantaged microentrepreneurs;
(ii) training and capacity-building services for microenterprise
development organizations; (iii) research and development of the best
practices in the fields of microenterprise development and technical
assistance for disadvantaged microentrepreneurs; and (iv) other related
activities as the Agency deems appropriate.
In this rule, SBA is proposing to modify one regulation and remove
19 regulations from the CFR related to the Program for Investment in
Microentrepreneurs (PRIME) that are no longer necessary because they
duplicate identical guidance and requirements already stipulated in the
enabling legislation (15 U.S.C. 6901 et seq.), the governmentwide grant
regulations (2 CFR part 200), and/or provided to grant applicant and
recipients in the PRIME funding opportunity announcements published
annually by SBA at www.grants.gov. The removal of these regulations
will assist the public by simplifying SBA's regulations in the CFR and
reducing the amount of time grant applicants and recipients must spend
reviewing programmatic guidance.
B. Executive Order 13771
On January 30, 2017, President Trump signed Executive Order 13771,
Reducing Regulation and Controlling Regulatory Costs, which, among
other objectives, is intended to ensure that an agency's regulatory
costs are prudently managed and controlled so as to minimize the
compliance burden imposed on the public. For every new regulation an
agency proposes to implement, unless prohibited by law, this Executive
Order requires the agency to (i) identify at least two existing
regulations that the agency can cancel; and (ii) use the cost savings
from the cancelled regulations to offset the cost of the new
regulation.
C. Executive Order 13777
On February 24, 2017, the President issued Executive Order 13777,
Enforcing the Regulatory Reform Agenda, which further emphasized the
goal of the Administration to alleviate the regulatory burdens placed
on the public. Under Executive Order 13777, agencies must evaluate
their existing regulations to determine which ones should be repealed,
replaced, or modified. In doing so, agencies should focus on
identifying regulations that, among other things: Eliminate jobs or
inhibit job creation; are outdated, unnecessary, or ineffective; impose
costs that exceed benefits; create a serious inconsistency or otherwise
interfere with regulatory reform initiatives and policies; or are
associated with Executive Orders or other Presidential directives that
have been rescinded or substantially modified.
II. Section by Section Analysis
A. Section 119
This rule currently summarizes the purpose of the PRIME program.
SBA intends to retain this statement of programmatic purpose and
proposes to add further subsections addressing how qualified
organizations may apply for grant awards under the PRIME program.
B. Sections 119.2 Through 119.20
These rules provide guidance to PRIME program applicants regarding
the application and selection process, as well as inform grant
recipients of certain restrictions and requirements related to the
conduct of PRIME grant projects. They are no longer necessary because
the guidance, restrictions, and requirements they reiterate are also
covered in other sources that are more authoritative, informative, and/
or frequently updated. As such, they are duplicative of, and of less
utility, than these other sources. SBA therefore proposes removing
these sections and instead relying upon the content contained in other
Federal guidance, such as the enabling legislation (15 U.S.C. 6901 et
seq.), the government-wide grant regulations (2 CFR part 200), and the
PRIME program annual funding opportunity announcements and award terms
and conditions issued by SBA. Program information will be published
annually at www.grants.gov.
III. Compliance With Executive Orders 12866, 13771, 12988, and 13132,
the Paperwork Reduction Act (44 U.S.C., Ch. 35), and the Regulatory
Flexibility Act (5 U.S.C. 601-612)
A. Executive Order 12866
The Office of Management and Budget (OMB) has determined that this
rule does not constitute a significant regulatory action for purposes
of Executive Order 12866 and is not a major rule under the
Congressional Review Act, 5 U.S.C. 801 et seq.
B. Executive Order 13771
This proposed rule is expected to be an Executive Order 13771
deregulatory action with an annualized net savings of $10,188 and a net
present value of $145,543 in savings, both in 2016 dollars. This rule
will remove redundant information which will save grant applicants from
reading the same information from multiple sources. The reduced burden
assumes 130 grant applicants read the regulation per year, which is the
average number of applicants per year, and that they would save 2 hours
each from not reading the removed information. This time is valued at
$40.83 per hour--the wage of a community service manager based on 2018
U.S. Bureau of Labor Statistics (BLS) data--and adding 30 percent more
for benefits for a total savings per year of $10,616 in current
dollars.
It is assumed that there will be no costs to this rule as it
removes duplicative information.
C. Executive Order 12988
This action meets applicable standards set forth in Section 3(a)
and 3(b)(2) of Executive Order 12988, Civil Justice Reform, to minimize
litigation, eliminate ambiguity, and reduce
[[Page 7256]]
burden. The action does not have retroactive or preemptive effect.
D. Executive Order 13132
This rule does not have federalism implications as defined in
Executive Order 13132. It will not have substantial direct effects on
the States, on the relationship between the national government and the
States, or on the distribution of power and responsibilities among the
various levels of government, as specified in the Executive Order. As
such it does not warrant the preparation of a Federalism Assessment.
E. Paperwork Reduction Act
The SBA has determined that this proposed rule does not affect any
existing collection of information.
F. Regulatory Flexibility Act
When an agency issues a proposed rule, the Regulatory Flexibility
Act (RFA) requires the agency to prepare an initial regulatory
flexibility analysis (IRFA), which describes whether the rule will have
a significant economic impact on a substantial number of small
entities. However, Section 605 of the RFA allows an agency to certify a
rule, in lieu of preparing an IRFA, if the rulemaking is not expected
to have a significant economic impact on a substantial number of small
entities.
There are approximately 130 PRIME grant applications per year. This
rule would remove regulations that are no longer necessary because they
contain information that exists in multiple sources which could affect
all PRIME grant applicants. The total annual savings to applicants is
estimated at $10,616 in 2018 dollars, or about $82 per PRIME grant
applicant. More information on this estimate can be found in the
Executive Order 13771 discussion above.
Accordingly, the Administrator of the SBA hereby certifies that
this rule will not have a significant economic impact on a substantial
number of small entities. The SBA invites comments from the public on
this certification.
List of Subjects in 13 CFR Part 119
Grant programs--business, small businesses.
0
Accordingly, for the reasons stated in the preamble, SBA proposes to
revise 13 CFR part 119 to read as follows:
PART 119--PROGRAM FOR INVESTMENT IN MICROENTREPRENEURS (``PRIME''
or ``The Act'')
Sec
119.1 What is the Program for Investment in Microentrepreneurs
(PRIME)?
119.2 through 119.20 [Reserved]
Authority: 15 U.S.C. 634(b)(6), 6901-6910.
Sec. 119.1 What is the Program for Investment in Microentrepreneurs
(PRIME)?
(a) The PRIME program authorizes SBA to award grants to qualified
organizations to fund training and technical assistance for
disadvantaged microentrepreneurs; training and capacity-building
services for microenterprise development organizations; research and
development of the best practices in the fields of microenterprise
development and the provision of technical assistance to disadvantaged
microentrepreneurs; and such other activities as the Agency deems
appropriate.
(b) Dependent upon the availability of funds and continuing program
authority, SBA will issue, via Grants.gov or any successor platform,
funding announcements specifying the terms, conditions, and evaluation
criteria for each potential round of PRIME awards. These funding
announcements will identify who is eligible to apply for PRIME awards;
summarize the purposes for which the available funds may be used;
advise potential applicants regarding the process for obtaining,
completing, and submitting an application packet; and provide
information regarding application deadlines and any additional
limitations, special rules, procedures, and restrictions which SBA may
deem advisable.
(c) SBA will evaluate applications for PRIME awards in accordance
with the stated statutory goals of the program and the specific
criteria described in the relevant funding announcement.
(d) In administering the PRIME program, SBA will require recipients
to provide reports in accordance with the subject matter areas and
schedule identified in the terms and conditions of their awards. In
addition, SBA may, as it deems appropriate, make site visits to
recipients' premises and review all applicable documentation and
records.
Sec. Sec. 119.2 through 119.20 [Reserved]
Jovita Carranza,
Administrator.
[FR Doc. 2020-02366 Filed 2-6-20; 8:45 am]
BILLING CODE P
