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SBA RIN: 3245-AG60 Publication ID: Spring 2015 
Title: Small Business Size Standards; Inflation Adjustment to Monetary-Based Size Standards  
Abstract:

On June 12, 2014, SBA issued an interim final rule with request for comments to adjust its monetary small business size standards (i.e., receipts, net income, net worth, and financial assets), for the effects of inflation that have occurred since the last inflation adjustment, which was effective August 19, 2008. The interim final rule aimed to restore small business eligibility to businesses that have lost their small business status due to inflation. The Small Business Jobs Act of 2010 (Jobs Act) requires SBA to review and adjust (as necessary) all size standards within five years of its enactment. SBA's Small Business Size Regulations at 13 CFR 121.102(c) require the same quinquennial (or less) review and adjustment. The rule did not increase the $750,000 size standard for agricultural enterprises, which is established by the Small Business Act (§ 3(a)(1)).  The alternate size standard used in the 7(a) and 504 business loan programs is unaffected by this adjustment.

 
Agency: Small Business Administration(SBA)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 13 CFR 121   
Legal Authority: 15 U.S.C. 632(a)   
Legal Deadline:  None
Timetable:
Action Date FR Cite
Interim Final Rule  06/12/2014  79 FR 33647   
Interim Final Rule Effective  07/14/2014 
Interim Final Rule Comment Period End  08/11/2014 
Final Rule  05/00/2015 
Additional Information: Included in SBA's Retrospective Review under Executive Orders 13563 and 13610.
Regulatory Flexibility Analysis Required: Yes  Government Levels Affected: None 
Small Entities Affected: Businesses  Federalism: No 
Included in the Regulatory Plan: No 
RIN Information URL: http://www.sba.gov/content/what%E2%80%99s-new-with-size-standards (after publication in   Public Comment URL: www.regulations.gov  
RIN Data Printed in the FR: Yes 
Agency Contact:
Dr. Khem Raj Sharma
Chief, Office of Size Standards
Small Business Administration
409 Third Street SW,
Washington, DC 20416
Phone:202 205-7189
Fax:202 205-6390
Email: khem.sharma@sba.gov