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SBA RIN: 3245-AF95 Publication ID: Spring 2011 
Title: American Recovery and Reinvestment Act: Systemically Important Secondary Market Broker-Dealers  
Abstract: This interim final rule implements certain provisions of the American Recovery and Reinvestment Act of 2009 (Recovery Act). This interim final rule implements section 509 of the Recovery Act, which establishes the Secondary Market Lending Authority within SBA to make loans to systemically important SBA Secondary Market broker-dealers to finance the purchase of the Government guaranteed portion of loans originated, underwritten and closed under the Small Business Act and the purchase of pools of guaranteed portions of such loans. Recipients of these direct loans must use the proceeds to purchase guaranteed portions of 7(a) loans from participating lenders, Guaranteed Interest Certificates from Registered Holders and Guaranteed Pool Certificates from Registered Holders. The cost of the loan charged to systemically important secondary market broker-dealers is the combination of the interest rate referenced in 13 CFR 120.1830(e), a fee estimate to cover the probability of default, and the ongoing fee as defined in 13 CFR 120.1830(i). 
Agency: Small Business Administration(SBA)  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 120   
Legal Authority: PL 111-5, sec 509   
Legal Deadline:
Action Source Description Date
Final  Statutory  Within 30 days after the date of enactment of the American Recovery and Reinvestment Act  nulldate 
Timetable:
Action Date FR Cite
Interim Final Rule  11/19/2009  74 FR 59891   
Interim Final Rule Comment Period End  02/17/2010    
Final Action  01/00/2012    
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: Businesses  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Grady Hedgespeth
Director, Office of Financial Assistance
Small Business Administration
409 Third Street SW.,
Washington, DC 20416
Phone:202 205-7562
Fax:202 481-0248
Email: grady.hedgespeth@sba.gov