Emergency Request

3245-0417 Emergency Request _2nd Draw_ 3-18-2021.pdf

Paycheck Protection Loan Program

Emergency Request

OMB: 3245-0417

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U.S. SMALL BUSINESS ADMINISTRATION
WASHINGTON, DC 20416

March 18, 2021
Susan Minson
SBA Desk Officer
Office of Management and Budget
Dear Ms. Minson:
Pursuant to the Office of Management and Budget (OMB) procedures in 5 CFR Part 1320,
SBA requests emergency review of revisions to the collection of information for the Paycheck
Protection Program Second Draw Loan Program (PPP Second Draw), OMB Control Number
3245-0417. This information collection is currently approved under emergency proceedings
until September 30, 2021. This request for emergency processing, includes a request for waiver
of the requirement to publish the 60-day and 30-day public comment notices in the Federal
Register.
The revisions to the PPP Second Draw information collection are necessary to implement
amendments to the program as set out in a pending interim final rule titled, Business Loan
Program Temporary Changes; Paycheck Protection Program as amended by American Rescue
Plan Act. (RIN: 3245-AH-77). The revisions being submitted at this time reflect the
amendments that expanded eligibility for PPP Loans, and provided that a borrower that receives
a PPP loan after December 27, 2020, can be approved for a Shuttered Venue Operator Grant
under certain conditions.
The authority for the PPP expires on March 31, 2021. Therefore, given the urgent need to make
the revised information collection available to the affected small businesses before this date,
SBA cannot comply with the standard review and approval procedures. Accordingly, SBA is
requesting that OMB review and approve the revised information collection under the
emergency procedures set forth in 5 CFR 1320.13.
We appreciate your consideration of this request. Please let us know if you have any questions.
Sincerely,

JI KIM

Digitally signed by JI KIM
Date: 2021.03.18 13:30:24
-04'00'

Jihoon Kim
Director
Office of Financial Program Operations


File Typeapplication/pdf
AuthorKeri Pessagno
File Modified2021-03-18
File Created2021-03-18

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