Data Collection Available for Public Comments, 40894-40896 [2021-16014]

Download as PDF 40894 Federal Register / Vol. 86, No. 143 / Thursday, July 29, 2021 / Notices jbell on DSKJLSW7X2PROD with NOTICES publication of this notice before submitting the information collection to the Office of Management and Budget (OMB) for review and approval. DATES: Submit comments on or before September 27, 2021. ADDRESSES: Comments should refer to the information collection by title or OMB Control Number (3245–0417) and submitted by the deadline above to: PPP_Info_Collections@sba.gov. 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 curtis.rich@sba.gov, or from Adrienne Grierson, Program Manager, Office of Financial Program Operations, at 202– 205–6573, or adrienne.grierson@ sba.gov. 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. Since the initial approval of this information collection on January 8, 2021, the information collection has been amended twice to meet the everevolving needs of the PPP program, as necessitated by a statutory program amendments, public feedback, or other factors. The information collection is currently approved under the VerDate Sep<11>2014 19:19 Jul 28, 2021 Jkt 253001 emergency procedures authorized by 5 U.S.C. 3507(j) and 5 CFR 1320.13; this approval is set to expire on September 30, 2021. Although SBA’s program authority has expired, this information collection may still be needed in connection with pending litigation. 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 September 30, 2021. There are no proposed changes to any of the forms. Summary of Information Collection Title: Paycheck Protection Loan Program—Second Draw. OMB Control Number: 3245–0417. (I) SBA Form 2483—Paycheck Protection Program Second Draw Application Estimated Number of Respondents: 2,103,200. Estimated Annual Responses: 2,103,200. Estimated Annual Hour Burden: 280,427. (II) SBA Form 2483–SD–C—Paycheck Protection Program Second Draw Application for Schedule C Filers Using Gross Income Estimated Number of Respondents: 501,800. Estimated Annual Responses: 501,800. Estimated Annual Hour Burden: 66,907. (III) SBA FORM 2484–SD—Paycheck Protection Program Second Draw Lender’s Application for 7(A) Guaranty Estimated Number of Respondents: 5,506. Estimated Annual Responses: 2,605,000. Estimated Annual Hour Burden: 1,085,417. 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 PO 00000 Frm 00093 Fmt 4703 Sfmt 4703 collection burden on those who are required to respond. Curtis Rich, Management Analyst. [FR Doc. 2021–16015 Filed 7–28–21; 8:45 am] BILLING CODE 8026–03–P SMALL BUSINESS ADMINISTRATION Data Collection Available for Public Comments Small Business Administration 60-Day notice; request for comments. AGENCY: ACTION: The Small Business Administration (SBA) is publishing this notice in compliance with the Paperwork Reduction Act (PRA) of 1995, as amended, to solicit public comments on the information collection described below. The PRA requires publication of this notice before submitting the information collection to the Office of Management and Budget (OMB) for review and approval. DATES: Submit comments on or before September 27, 2021. ADDRESSES: Comments should refer to the information collection by title or OMB Control Number (3245–0407) and submitted by the deadline above to: PPP_Info_Collections@sba.gov. 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 curtis.rich@sba.gov, or from Adrienne Grierson, Program Manager, Office of Financial Program Operations, at 202– 205–6573, or adrienne.grierson@ sba.gov. SUPPLEMENTARY INFORMATION: SUMMARY: 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 E:\FR\FM\29JYN1.SGM 29JYN1 jbell on DSKJLSW7X2PROD with NOTICES Federal Register / Vol. 86, No. 143 / Thursday, July 29, 2021 / Notices Aid Act also allowed certain eligible borrowers to receive a second draw PPP loan 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. Subject to certain limitations, proceeds of a PPP loan may be used for payroll costs, costs related to the continuation of group health care, life, disability, vision or dental benefits during periods of paid sick, medical or family leave and group health care, life, disability, vision, or dental insurance premiums, mortgage interest payments, rent payments, utility payments, interest payments on other debt incurred prior to February 15, 2020, refinancing of an eligible SBA Economic Injury Disaster Loan, covered operations expenditures, covered property damage costs, covered supplier costs, and covered worker protection expenditures. Under section 7A of the Small Business Act, a PPP loan may be forgiven in full or in part if the PPP borrower used the proceeds for the eligible purposes during the loan forgiveness covered period. Since the initial approval on April 6, 2020, this information collection has been amended multiple times to meet the ever-evolving needs of the program, as necessitated by statutory program amendments, public feedback, or other factors. The information collection is currently approved under the emergency procedures authorized by 44 U.S.C. 3507(j) and 5 CFR 1320.13; this approval is set to expire on September 30, 2021. 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 September 30, 2021. SBA has received multiple comments on this information collection. A substantial number of the commenters focused almost exclusively on SBA Form 3509, ‘‘Loan Necessity Questionnaire (For-Profit Borrowers)’’ and SBA Form 3510, ‘‘Loan Necessity Questionnaire (Non-Profit Borrowers)’’ and urged SBA to remove them from the collection and not impose additional reporting requirements on Borrowers. After extensive evaluation, SBA is discontinuing the use of these two forms. Because SBA’s authority to guarantee PPP loans expired on June 30, 2021, SBA will no longer be approving new lenders to participate in PPP. For that reason, SBA is removing SBA Form 3506, ‘‘CARES Act Section 1102 Lender VerDate Sep<11>2014 19:19 Jul 28, 2021 Jkt 253001 Agreement’’ and SBA Form 3507, ‘‘CARES Act Section 1102 Lender Agreement—Non-Bank and Non-Insured Depository Institution Lenders.’’ Except for the four forms identified above, all other components of this information collection will still be needed for various reasons, including reporting by lenders, ongoing loan reviews and requests for loan forgiveness. SBA is proposing to make the following amendments to the information to be collected after expiration of the program authority: (A) SBA Form 3508, ‘‘Paycheck Protection Program, Loan Forgiveness Application Form 3508’’ and Instructions; SBA Form 3508EZ ‘‘Paycheck Protection Program, PPP Loan Forgiveness Application Form 3508EZ’’ and Instructions; and SBA Form 3508S, ‘‘Paycheck Protection Program, PPP Loan Forgiveness Application Form 3508S’’ and Instructions: • Revise to reflect changes made to the calculation of payroll costs by Schedule C filers under the interim final rule titled ‘‘Business Loan Program Temporary Changes; Paycheck Protection Program Revisions to Loan Amount Calculation and Eligibility’’ (86 FR 13149, March 8, 2021). • Revise to incorporate payroll cost exclusions required by the American Rescue Plan Act. • Add fields to capture the amount and date of a loan increase. • Delete the question (and related instructions) asking if the borrower together with affiliates has $2 million or more in PPP loans. • Add Individual Taxpayer Identification Number (ITIN) to the header of the ‘‘Business TIN’’ field. • Relocate the optional demographic information collection box to earlier in the form. (B) SBA Form 3508S, ‘‘Paycheck Protection Program, PPP Loan Forgiveness Application Form 3508S’’ and Instructions only: • Identify data fields that will be prepopulated when a PPP borrower submits an electronic version of the SBA Form 3508S via SBA’s Paycheck Protection Platform (SBA’s Platform). • Add instructions regarding submission of an electronic version of the SBA Form 3508S via SBA’s Platform. • Add information about use of a COVID Revenue Reduction Score. (C) SBA Form 3508D, ‘‘Paycheck Protection Program, Borrower’s Disclosure of Certain Controlling Interests’’: PO 00000 Frm 00094 Fmt 4703 Sfmt 4703 40895 • Revise to allow for direct borrower submission of the form via SBA’s Platform. (D) [No Form Number] ‘‘Lender Reporting Requirements Concerning Requests for Loan Forgiveness’’: • Provide an optional process for lenders to allow their PPP borrowers to submit an electronic version of SBA Form 3508S through SBA’s Platform. • Provide an optional process for lenders to use SBA’s Platform to perform reviews of, issue forgiveness decisions on, and request forgiveness payments on SBA Form 3508S forgiveness applications submitted by their PPP borrowers. • Provide an optional process for lenders to obtain and use a COVID Revenue Reduction Score to confirm revenue reduction for certain Second Draw PPP Loan borrowers. (E) [No Form Number] ‘‘Lender Reporting Requirements for Loan Review’’: • Delete requirement for SBA to review all loans of $2 million or more. Summary of Information Collection Title: Paycheck Protection Loan Program Borrower Information Form and Lender’s Application for Loan Guaranty. OMB Control Number: 3245–0407. (I) SBA FORM 2483—PAYCHECK PROTECTION PROGRAM BORROWER APPLICATION Estimated Number of Respondents: 9,279,434. Estimated Annual Responses: 9,279,434. Estimated Annual Hour Burden: 1,237,258. (II) SBA FORM 2483–C—PAYCHECK PROTECTION PROGRAM BORROWER APPLICATION FOR SCHEDULE C FILERS USING GROSS INCOME Estimated Number of Respondents: 239,160. Estimated Annual Responses: 239,160. Estimated Annual Hour Burden: 31,888. (III) SBA FORM 2484—PAYCHECK PROTECTION PROGRAM LENDER’S APPLICATION FOR 7(A) GUARANTY Estimated Number of Respondents: 5,467. Estimated Annual Responses: 9,218,594. Estimated Annual Hour Burden: 3,841,081. E:\FR\FM\29JYN1.SGM 29JYN1 40896 Federal Register / Vol. 86, No. 143 / Thursday, July 29, 2021 / Notices (IV) SBA FORM 3508—PAYCHECK PROTECTION PROGRAM—LOAN FORGIVENESS APPLICATION Estimated Number of Respondents: 591,180. Estimated Annual Responses: 591,180. Estimated Annual Hour Burden: 1,773,539. (V) SBA FORM 3508S, PAYCHECK PROTECTION PROGRAM—PPP LOAN FORGIVENESS APPLICATION FORM 3508S Estimated Number of Respondents: 9,458,875. Estimated Annual Responses: 9,458,875. Estimated Annual Hour Burden: 2,364,719. (VI) SBA FORM 3508EZ—PAYCHECK PROTECTION PROGRAM—PPP LOAN FORGIVENESS APPLICATION Estimated Number of Respondents: 1,773,539. Estimated Annual Responses: 1,773,539. Estimated Annual Hour Burden: 591,180. (VII) [FORM NUMBER N/A] LENDER REPORTING REQUIREMENTS CONCERNING REQUESTS FOR LOAN FORGIVENESS Estimated Number of Respondents: 5,467. Estimated Annual Responses: 11,823,594. Estimated Annual Hour Burden: 2,107,121. (VIII) [FORM NUMBER N/A] LENDER REPORTING REQUIREMENTS FOR SBA LOAN REVIEWS Estimated Number of Respondents: 5,467. Estimated Annual Responses: 2,000,000. Estimated Annual Hour Burden: 1,000,000. jbell on DSKJLSW7X2PROD with NOTICES 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 VerDate Sep<11>2014 19:19 Jul 28, 2021 Jkt 253001 collection burden on those who are required to respond. Curtis Rich, Management Analyst. [FR Doc. 2021–16014 Filed 7–28–21; 8:45 am] BILLING CODE 8026–03–P SURFACE TRANSPORTATION BOARD [Docket No. AB 1093 (Sub-No. 2X)] C&NC Railroad, LLC—Discontinuance Exemption—in Wayne and Henry Counties, Ind. On July 9, 2021, C&NC Railroad, LLC (C&NC), filed a petition under 49 U.S.C. 10502 for exemption from the prior approval requirements of 49 U.S.C. 10903 to discontinue service over approximately 21 miles of rail line extending from milepost CB 5.4 at Beesons, Ind., to milepost 25.30 at New Castle, Ind., and from milepost R 0.1 to milepost R 1.16 at New Castle (the Line). The Line traverses U.S. Postal Service Zip Codes 47327, 47357, 47362, 47366, 47331, and 47387. C&NC states that it provides service on the Line pursuant to a lease with Norfolk Southern Railway Company (NSR), which owns the Line. (Pet. 1.) See also C&NC R.R.—Lease Exemption Containing Interchange Commitment— Norfolk S. Ry., FD 35858 (STB served Nov. 5, 2014). According to C&NC, NSR has notified C&NC that the lease is being terminated and that NSR will resume rail operations over the Line as a common carrier upon the discontinuance of service by C&NC. (Pet. 1.) C&NC states that there currently is one shipper on the Line, and that no interruption in rail service will result from the proposed discontinuance. (Id. at 4.) C&NC states that it has no information indicating that the Line contains federally granted rights-of-way and, if it discovers any information regarding federally granted rights-of-way, it will be made available to those requesting it. (Id. at 2.) C&NC states that discontinuance authority it seeks covers the ‘‘entire system’’ operated by C&NC, and it therefore requests that the Board decline to impose employee protective conditions. (Id. at 6.) By issuance of this notice, the Board is instituting an exemption proceeding pursuant to 49 U.S.C. 10502(b). A final decision will be issued by October 27, 2021. Because this is a discontinuance proceeding and not an abandonment, interim trail use/rail banking and public use conditions are not appropriate. Because there will be environmental PO 00000 Frm 00095 Fmt 4703 Sfmt 9990 review during any subsequent abandonment, this discontinuance does not require an environmental review. See 49 CFR 1105.6(c)(5), 1105.8(b). Any offer of financial assistance (OFA) for subsidy under 49 CFR 1152.27(b)(2) will be due no later than 120 days after the filing of the petition for exemption, or 10 days after service of a decision granting the petition for exemption, whichever occurs sooner.1 Persons interested in submitting an OFA must first file a formal expression of intent to file an offer by August 6, 2021, indicating the intent to file an OFA for subsidy and demonstrating that they are preliminarily financially responsible. See 49 CFR 1152.27(c)(1)(i). All filings in response to this notice must refer to Docket No. AB 1093 (SubNo. 2X) and should be filed with the Surface Transportation Board via efiling on the Board’s website. In addition, a copy of each pleading must be served on C&NC’s representative, William H. Stewart III, Vuono & Gray, LLC, 310 Grant St., Suite 2310, Pittsburgh, PA 15219. Replies to the petition are due on or before August 18, 2021. Persons seeking further information concerning discontinuance procedures may contact the Board’s Office of Public Assistance, Governmental Affairs, and Compliance at (202) 245–0238 or refer to the full abandonment and discontinuance regulations at 49 CFR part 1152. Questions concerning environmental issues may be directed to the Board’s Office of Environmental Analysis at (202) 245–0305. Assistance for the hearing impaired is available through the Federal Relay Service at (800) 877–8339. Board decisions and notices are available at www.stb.gov. Decided: July 26, 2021. By the Board, Scott M. Zimmerman, Acting Director, Office of Proceedings. Jeffrey Herzig, Clearance Clerk. [FR Doc. 2021–16271 Filed 7–28–21; 8:45 am] BILLING CODE 4915–01–P 1 The filing fee for OFAs can be found at 49 CFR 1002.2(f)(25). E:\FR\FM\29JYN1.SGM 29JYN1

Agencies

SMALL BUSINESS ADMINISTRATION

[Federal Register Volume 86, Number 143 (Thursday, July 29, 2021)]
[Notices]
[Pages 40894-40896]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-16014]


-----------------------------------------------------------------------

SMALL BUSINESS ADMINISTRATION


Data Collection Available for Public Comments

AGENCY: Small Business Administration

ACTION: 60-Day notice; request for comments.

-----------------------------------------------------------------------

SUMMARY: The Small Business Administration (SBA) is publishing this 
notice in compliance with the Paperwork Reduction Act (PRA) of 1995, as 
amended, to solicit public comments on the information collection 
described below. The PRA requires publication of this notice before 
submitting the information collection to the Office of Management and 
Budget (OMB) for review and approval.

DATES: Submit comments on or before September 27, 2021.

ADDRESSES: Comments should refer to the information collection by title 
or OMB Control Number (3245-0407) and submitted by the deadline above 
to: [email protected].

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 Adrienne Grierson, Program Manager, Office of Financial Program 
Operations, at 202-205-6573, or [email protected].

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

[[Page 40895]]

Aid Act also allowed certain eligible borrowers to receive a second 
draw PPP loan 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.
    Subject to certain limitations, proceeds of a PPP loan may be used 
for payroll costs, costs related to the continuation of group health 
care, life, disability, vision or dental benefits during periods of 
paid sick, medical or family leave and group health care, life, 
disability, vision, or dental insurance premiums, mortgage interest 
payments, rent payments, utility payments, interest payments on other 
debt incurred prior to February 15, 2020, refinancing of an eligible 
SBA Economic Injury Disaster Loan, covered operations expenditures, 
covered property damage costs, covered supplier costs, and covered 
worker protection expenditures. Under section 7A of the Small Business 
Act, a PPP loan may be forgiven in full or in part if the PPP borrower 
used the proceeds for the eligible purposes during the loan forgiveness 
covered period.
    Since the initial approval on April 6, 2020, this information 
collection has been amended multiple times to meet the ever-evolving 
needs of the program, as necessitated by statutory program amendments, 
public feedback, or other factors. The information collection is 
currently approved under the emergency procedures authorized by 44 
U.S.C. 3507(j) and 5 CFR 1320.13; this approval is set to expire on 
September 30, 2021. 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 September 30, 2021.
    SBA has received multiple comments on this information collection. 
A substantial number of the commenters focused almost exclusively on 
SBA Form 3509, ``Loan Necessity Questionnaire (For-Profit Borrowers)'' 
and SBA Form 3510, ``Loan Necessity Questionnaire (Non-Profit 
Borrowers)'' and urged SBA to remove them from the collection and not 
impose additional reporting requirements on Borrowers. After extensive 
evaluation, SBA is discontinuing the use of these two forms.
    Because SBA's authority to guarantee PPP loans expired on June 30, 
2021, SBA will no longer be approving new lenders to participate in 
PPP. For that reason, SBA is removing SBA Form 3506, ``CARES Act 
Section 1102 Lender Agreement'' and SBA Form 3507, ``CARES Act Section 
1102 Lender Agreement--Non-Bank and Non-Insured Depository Institution 
Lenders.''
    Except for the four forms identified above, all other components of 
this information collection will still be needed for various reasons, 
including reporting by lenders, ongoing loan reviews and requests for 
loan forgiveness. SBA is proposing to make the following amendments to 
the information to be collected after expiration of the program 
authority:
    (A) SBA Form 3508, ``Paycheck Protection Program, Loan Forgiveness 
Application Form 3508'' and Instructions; SBA Form 3508EZ ``Paycheck 
Protection Program, PPP Loan Forgiveness Application Form 3508EZ'' and 
Instructions; and SBA Form 3508S, ``Paycheck Protection Program, PPP 
Loan Forgiveness Application Form 3508S'' and Instructions:
     Revise to reflect changes made to the calculation of 
payroll costs by Schedule C filers under the interim final rule titled 
``Business Loan Program Temporary Changes; Paycheck Protection Program 
Revisions to Loan Amount Calculation and Eligibility'' (86 FR 13149, 
March 8, 2021).
     Revise to incorporate payroll cost exclusions required by 
the American Rescue Plan Act.
     Add fields to capture the amount and date of a loan 
increase.
     Delete the question (and related instructions) asking if 
the borrower together with affiliates has $2 million or more in PPP 
loans.
     Add Individual Taxpayer Identification Number (ITIN) to 
the header of the ``Business TIN'' field.
     Relocate the optional demographic information collection 
box to earlier in the form.
    (B) SBA Form 3508S, ``Paycheck Protection Program, PPP Loan 
Forgiveness Application Form 3508S'' and Instructions only:
     Identify data fields that will be pre-populated when a PPP 
borrower submits an electronic version of the SBA Form 3508S via SBA's 
Paycheck Protection Platform (SBA's Platform).
     Add instructions regarding submission of an electronic 
version of the SBA Form 3508S via SBA's Platform.
     Add information about use of a COVID Revenue Reduction 
Score.
    (C) SBA Form 3508D, ``Paycheck Protection Program, Borrower's 
Disclosure of Certain Controlling Interests'':
     Revise to allow for direct borrower submission of the form 
via SBA's Platform.
    (D) [No Form Number] ``Lender Reporting Requirements Concerning 
Requests for Loan Forgiveness'':
     Provide an optional process for lenders to allow their PPP 
borrowers to submit an electronic version of SBA Form 3508S through 
SBA's Platform.
     Provide an optional process for lenders to use SBA's 
Platform to perform reviews of, issue forgiveness decisions on, and 
request forgiveness payments on SBA Form 3508S forgiveness applications 
submitted by their PPP borrowers.
     Provide an optional process for lenders to obtain and use 
a COVID Revenue Reduction Score to confirm revenue reduction for 
certain Second Draw PPP Loan borrowers.
    (E) [No Form Number] ``Lender Reporting Requirements for Loan 
Review'':
     Delete requirement for SBA to review all loans of $2 
million or more.

Summary of Information Collection

    Title: Paycheck Protection Loan Program Borrower Information Form 
and Lender's Application for Loan Guaranty.
    OMB Control Number: 3245-0407.
(I) SBA FORM 2483--PAYCHECK PROTECTION PROGRAM BORROWER APPLICATION
    Estimated Number of Respondents: 9,279,434.
    Estimated Annual Responses: 9,279,434.
    Estimated Annual Hour Burden: 1,237,258.
(II) SBA FORM 2483-C--PAYCHECK PROTECTION PROGRAM BORROWER APPLICATION 
FOR SCHEDULE C FILERS USING GROSS INCOME
    Estimated Number of Respondents: 239,160.
    Estimated Annual Responses: 239,160.
    Estimated Annual Hour Burden: 31,888.
(III) SBA FORM 2484--PAYCHECK PROTECTION PROGRAM LENDER'S APPLICATION 
FOR 7(A) GUARANTY
    Estimated Number of Respondents: 5,467.
    Estimated Annual Responses: 9,218,594.
    Estimated Annual Hour Burden: 3,841,081.

[[Page 40896]]

(IV) SBA FORM 3508--PAYCHECK PROTECTION PROGRAM--LOAN FORGIVENESS 
APPLICATION
    Estimated Number of Respondents: 591,180.
    Estimated Annual Responses: 591,180.
    Estimated Annual Hour Burden: 1,773,539.
(V) SBA FORM 3508S, PAYCHECK PROTECTION PROGRAM--PPP LOAN FORGIVENESS 
APPLICATION FORM 3508S
    Estimated Number of Respondents: 9,458,875.
    Estimated Annual Responses: 9,458,875.
    Estimated Annual Hour Burden: 2,364,719.
(VI) SBA FORM 3508EZ--PAYCHECK PROTECTION PROGRAM--PPP LOAN FORGIVENESS 
APPLICATION
    Estimated Number of Respondents: 1,773,539.
    Estimated Annual Responses: 1,773,539.
    Estimated Annual Hour Burden: 591,180.
(VII) [FORM NUMBER N/A] LENDER REPORTING REQUIREMENTS CONCERNING 
REQUESTS FOR LOAN FORGIVENESS
    Estimated Number of Respondents: 5,467.
    Estimated Annual Responses: 11,823,594.
    Estimated Annual Hour Burden: 2,107,121.
(VIII) [FORM NUMBER N/A] LENDER REPORTING REQUIREMENTS FOR SBA LOAN 
REVIEWS
    Estimated Number of Respondents: 5,467.
    Estimated Annual Responses: 2,000,000.
    Estimated Annual Hour Burden: 1,000,000.

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,
Management Analyst.
[FR Doc. 2021-16014 Filed 7-28-21; 8:45 am]
BILLING CODE 8026-03-P

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.