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DOC/EDA RIN: 0610-AA64 Publication ID: Spring 2009 
Title: Revisions to the Trade Adjustment Assistance for Firms Program Regulations and Other EDA Regulations 
Abstract: The Economic Development Administration (EDA) is taking this action to amend some of its regulations, namely the Trade Adjustment Assistance for Firms (TAA) regulations and the Revolving Loan Fund (RLF) regulations. The technical revisions to a few of the TAA definitions were made to help better align EDA’s responsibilities in implementing the TAA program under the Trade Act. We made a number of changes to the RLF regulations in line with our commitment to implement the OIG’s audit recommendations and to improve the administration and effectiveness of the RLF program. EDA staff highlighted these proposed changes at mandatory training sessions for all EDA RLF recipients. Among the major changes discussed were the switch to a web-based semi-annual reporting form that will eliminate redundant and calculable fields; the requirement that RLF grantees submit updated RLF Plans at least once every five years; the pegging of the minimum interest rate to commercial interest rates in order to ensure RLF grantees can lend when commercial interest rates are low; and simplification of record retention requirements. Additionally, this action would make non-substantive revisions, such as the correction of typographical or grammatical errors and the addition of clarifying language, to other parts of EDA's regulations codified at 13 CFR chapter III. 
Agency: Department of Commerce(DOC)  Priority: Other Significant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 13 CFR 300    13 CFR 305    13 CFR 301    13 CFR 302    13 CFR 303    13 CFR 307    13 CFR 308    13 CFR 314    13 CFR 315    13 CFR 310   
Legal Authority: 19 USC 2341 to 2355    19 USC 2391    42 USC 3121   
Legal Deadline:  None
Timetable:
Action Date FR Cite
Interim Final Rule  10/22/2008  73 FR 62858   
Interim Final Rule Comment Period End  12/22/2008    
Final Action  06/00/2009    
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Otto B. Bird
Chief Counsel
Department of Commerce
Economic Development Administration
Office of the Chief Counsel, 1401 Constitution Avenue NW.,
Washington, DC 20230
Phone:202 482-4687
Fax:202 482-5671
Email: bbird@eda.doc.gov