American Rescue Plan Act of 2021 Section 1005 Loan Payment (ARPA)

ICR 202105-0560-005

OMB: 0560-0300

Federal Form Document

Forms and Documents
Document
Name
Status
Form
Modified
Justification for No Material/Nonsubstantive Change
2021-06-01
Supporting Statement A
2021-05-20
Supplementary Document
2021-05-19
IC Document Collections
ICR Details
0560-0300 202105-0560-005
Received in OIRA 202105-0560-003
USDA/FSA
American Rescue Plan Act of 2021 Section 1005 Loan Payment (ARPA)
No material or nonsubstantive change to a currently approved collection   No
Emergency 05/21/2021
06/01/2021
  Requested Previously Approved
11/30/2021 11/30/2021
24,000 24,000
6,000 6,000
0 0

ARPA was signed into law by President Joseph Biden to implement Section 1005 of ARPA in order to pay up to 120 percent of eligible FSA direct and guaranteed Farm Loan Programs and Farm Storage Facility Loan Program loan balances as of January 1, 2021, to the FSA borrowers who belong to socially disadvantaged groups as defined in section 2501(a) of the Food, Agriculture Conservation, and Trade Act of 1990 (7 U.S.C. 2279(a)). Section 1005 of ARPA applies only to the borrowers who identify as American Indian, Alaskan Native, Asian, Black, African American, Native Hawaiian, or Pacific Islander by race and/or Hispanic or Latino by ethnicity as noted in the record. This program will be implemented through a Notice of Funding Availability to be published in the Federal Register.
The Farm Service Agency (FSA) is requesting an emergency approval on a collection of information necessary to implement section 1005 of ARPA because we could not comply with the normal clearance under the Paperwork Reduction Act to obtain OMB approval, and it is essential to the mission of Farm Loan Program in FSA to provide the financial assistance to the borrowers quickly as possible. On March 11, 2021, ARPA was signed into law by President Joseph Biden to implement Section 1005 of ARPA in order to pay up to 120 percent of eligible FSA direct and guaranteed Farm Loan Programs and Farm Storage Facility Loan Program loan balances as of January 1, 2021, to the FSA borrowers who belong to socially disadvantaged groups as defined in section 2501(a) of the Food, Agriculture Conservation, and Trade Act of 1990 (7 U.S.C. 2279(a)). Section 1005 of ARPA applies only to the borrowers who identify as American Indian, Alaskan Native, Asian, Black, African American, Native Hawaiian, or Pacific Islander by race and/or Hispanic or Latino by ethnicity as noted in the record. This program will be implemented through a Notice of Funding Availability to be published in the Federal Register.

PL: Pub.L. 117 - 2 1005 Name of Law: American Rescue Plan Act of 2021
  
None

Not associated with rulemaking

No

1
IC Title Form No. Form Name
American Rescue Plan Act of 2021 Section 1005 Loan Payment (ARPA) FSA-2601 - Individual AMERICAN RESCUE PLAN ACT OF 2021 SECTION 1005 LOAN PAYMENT (ARPA)

  Total Request Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 24,000 24,000 0 0 0 0
Annual Time Burden (Hours) 6,000 6,000 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$855,860
No
    No
    Yes
No
No
No
Yes
Mary Ann Ball 202-720-4283 [email protected]

  No

On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
 
 
 
 
 
 
 
    (i) Why the information is being collected;
    (ii) Use of information;
    (iii) Burden estimate;
    (iv) Nature of response (voluntary, required for a benefit, or mandatory);
    (v) Nature and extent of confidentiality; and
    (vi) Need to display currently valid OMB control number;
 
 
 
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
06/01/2021


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