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SBA RIN: 3245-AI03 Publication ID: Spring 2024 
Title: Criminal Justice Reviews for the SBA Business Loan Programs, Disaster Loan Programs, and Surety Bond Guaranty Program 
Abstract:

SBA will publish a final rulemaking to amend the rule regarding the ineligibility of an Applicant where an associate has a criminal record. SBA proposed these changes in alignment with EO 14074 on Advancing Effective, Accountable Policing and Criminal Justice Practices to Enhance Public Trust and Public Safety. SBA envisions that the changes to the rule will increase access to capital for justice impacted individuals, while providing a reasonable balance for oversight of taxpayer dollars through appropriate controls and processes to mitigate potential fraud, waste and abuse. The rule will apply to the 7(a), 504, Microloan, Intermediary Lending Pilot and Disaster loan programs, and the Surety Bond program. 

 
Agency: Small Business Administration(SBA)  Priority: Other Significant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Completed Actions 
Major: No  Unfunded Mandates: No 
CFR Citation: 13 CFR 109    13 CFR 115    13 CFR 120    13 CFR 123   
Legal Authority: 15 USC 632 7(a)   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  09/15/2023  88 FR 63534   
NPRM Comment Period End  11/14/2023 
Final Rule  04/30/2024  89 FR 34094   
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: Businesses, Organizations  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Alejandro Contreras
Acting Director, Office of Financial Assistance
Small Business Administration
409 Third Street SW.,
Washington, DC 20416
Phone:202 205-6674
Email: alejandro.contreras@sba.gov