1505-AC67 202304 Unified Agenda of Federal Regulatory and Deregulatory Actions 1505 Departmental Offices DO 1500 Department of the Treasury TREAS Small Business Administration Business Loan Program Temporary Changes; Paycheck Protection Program--Additional Criteria for Seasonal Employers

The Coronavirus Aid, Relief, and Economic Security Act (the CARES Act or the Act) authorizes the U.S. Department of the Treasury (Treasury) to issue regulations for the Paycheck Protection Program (PPP) administered by the Small Business Administration (SBA), including regulations that allow additional lenders to originate loans and establish terms and conditions. In this interim final rule, Treasury authorizes all lenders eligible to originate loans under the PPP to use an alternative criterion for calculating the maximum loan amount for PPP loans issued to seasonal employers. This rule will be finalized and codified as part of a single consolidated rule.

]]> Economically Significant Previously Published in The Unified Agenda Final Rule Stage Yes No 13 CFR 120 Pub. L. 116-136 No Interim Final Rule 04/30/2020 85 FR 23917 Interim Final Rule Effective 04/30/2020 Interim Final Rule Comment Period End 06/01/2020 Final Action 11/00/2023 No Businesses None No No No No Adair Morse Deputy Assistant Secretary 1500 Department of the Treasury TREAS 202 622-2000 adair.morse@treasury.gov 1500 Pennsylvania Avenue NW, Washington DC 20220