3245-AG60 201410 The Regulatory Plan and the Unified Agenda of Federal Regulatory and Deregulatory Actions 3245 Small Business Administration SBA Small Business Size Standards; Inflation Adjustment to Monetary-Based Size Standards

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.

]]> Substantive, Nonsignificant Previously Published in The Unified Agenda Final Rule Stage No No 13 CFR 121 15 USC 632(a) No 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 12/00/2014 Yes Businesses None No No http://www.sba.gov/content/what%E2%80%99s-new-with-size-standards (after publication in www.regulations.gov Yes No Khem Sharma Raj Dr. Chief, Office of Size Standards 3245 Small Business Administration SBA 202 205-7189 202 205-6390 khem.sharma@sba.gov 409 Third Street SW, Washington DC 20416