Reinstatement with change of a previously approved collection
No
Emergency
08/09/2023
Approved without change
08/08/2023
08/08/2023
table that charts list comparision
Inventory as of this Action
Requested
Previously Approved
02/29/2024
6 Months From Approved
275
0
0
17,750
0
0
6,502,073
0
0
SBA Forms 2181, 2182 and 2183 provide SBA with the necessary information to make decisions regarding the approval or denial of an applicant for a small business investment company (SBIC) license. SBA uses this information to assess an applicant's ability to successfully operate an SBIC within the scope of the Small Business Investment Act of 1958, as amended.
August 7, 2023
TO: Susan Minson
SBA Desk Officer
Office of Information and Regulatory Affairs (OIRA)
Office of Management and Budget (OMB)
FROM: Bailey G. DeVries
Associate Administrator
Office of Investment and Innovation (OII)
U.S. Small Business Administration (SBA)
SUBJECT: Request for Emergency Approval for Information Collection, OMB Control No. 3245-0062 In accordance with 5 CFR 1320.13(a)(1)&(2), SBAâs Office of Investment and Innovation (OII) is requesting emergency use of an expired information collection, OMB Control No. 3245-0062, February 29, 2020. Simultaneously, OII is requesting reinstatement, with change, of the previously approved collection. SBA seeks emergency use of a revised version of SBA Form 2181, the Small Business Investment Company (SBIC) Management Assessment Questionnaire (MAQ). The MAQ is used by applicants seeking a license to operate as a Small Business Investment Company (SBIC) to provide financial assistance to U.S. small businesses. Pursuant to 5 CFR 1320.13(a)(1), SBA determined that this collection of information is needed prior to the expiration of the time periods established under 5 CFR 1320.13, due to the upcoming August 17, 2023 effective date of the recently announced SBIC Investment Diversification and Growth Final Rule, which provides significant opportunity for first-time SBIC program applicants for two new classes of SBIC Licensees: 1) Accrual SBICs; and 2) Reinvestor SBICs. Also included in the revised information collection are abbreviated versions of the MAQâone for Subsequent Fund SBIC applicants, which are currently Licensed SBICs whose management teams are seeking to establish additional new SBICs to provide financial assistance to U.S. small businesses and one to help prospective applicants complete a prescreen application to determine interest and fit with the SBIC program without incurring a Licensing fee. All SBIC applicants represent prospective new SBIC Licensees to add to the SBIC industry currently depended upon by U.S. small businesses for more than $40 billion in equity and debt financial assistance. In light of changes in the interest rate and economic environment SBICs have become an increasingly more critical provider of financial assistance to Americaâs small businesses, which make up substantial part of the U.S economy. Therefore, this information collection is essential to the Small Business Administrationâs mission to provide SBIC financial assistance to small businesses. OII has also determined that the Agency cannot reasonably comply with the normal clearance procedures for reinstatement with revision of this collection, because pursuant to 5 C.F.R. 1320.13(a)(2)(i), public harm will result if normal clearance procedures are followed. If authorization for use of the revised SBA Form 2181 is unavailable, an estimated 15-20 prospective SBICs, and therefore future SBIC Licensees.
SBA Form 2181 , SBA Form 2181 , SBA Form 2181 Long form, SBA Form 2181 SBIC MAQ Exhibit A, SBA Form 2181 SBIC MAQ Exhibit B , SBA Form 2181 SBIC MAQ Exhibit C, SBA Form 2181 MAQ Exhibit D, SBA Form 2181 SBIC MAQ Exhibit F, SBA Form 2181 SBIC MAQ Exhibit G, SBA Form 2181 SBIC MAQ Exhibit E
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table that charts list of burden
Total Approved
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
275
0
0
-100
0
375
Annual Time Burden (Hours)
17,750
0
0
-6,875
0
24,625
Annual Cost Burden (Dollars)
6,502,073
0
0
4,141,779
0
2,360,294
No
Yes
Miscellaneous Actions
The decrease in the annual hour burden estimate reflects structural and streamlining changes to both the MAQ and the SBIC Licensing process.
$705,042
No
No
Yes
No
No
No
No
LOUIS Cupp 202 619-0511
Reginfo record details
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.
SBIC Management Assessment Questionnaire & License Application; Exhibits to SBIC License App./Mgmt. Assessement Questionnaire