3245-AG98 201810 The Regulatory Plan and the Unified Agenda of Federal Regulatory and Deregulatory Actions 3245 Small Business Administration SBA Streamlining and Modernizing the 7(a), Microloan, and 504 Loan Programs to Reduce Unnecessary Regulatory Burden

SBA is proposing to streamline the regulations in part 120 of chapter 13 of the Code of Federal Regulations that apply to the 7(a), Microloan, and 504 Loan Programs by eliminating the provisions that are obsolete, ineffective or unnecessary.  The proposed changes include removing regulations related to programs that are either no longer in effect or have not been funded for many years, such as America’s Recovery Capital Loan Program, direct loans, or a veteran’s loan program; and clarifying the factors that SBA will consider when seeking the appointment of a receiver and the scope of the receivership with respect to Certified Development Companies, Small Business Lending Companies, and Non-Federally Regulated Lenders.

]]> Other Significant Previously Published in The Unified Agenda Proposed Rule Stage No No Other 13 CFR 120 15 U.S.C. 636(a) 15 U.S.C. 636(m) 15 U.S.C. 695 et seq. No NPRM 11/00/2018 Yes Businesses None No Yes No Linda Reilly Chief, 504 Loan Division 3245 Small Business Administration SBA 202 604-5032 linda.reilly@sba.gov 409 Third Street SW, Washington DC 20416