View Rule

View EO 12866 Meetings Printer-Friendly Version     Download RIN Data in XML

USDA/RBS RIN: 0570-AA85 Publication ID: Fall 2015 
Title: Business and Industry (B&I) Guaranteed Loan Program 

The Agency published a proposed rule for the Business and Industry (B&I) Guaranteed Loan Program on September 15, 2014 (78 FR 22044), which, when finalized, would revise the 1996 B&I regulations.  While there have been some minor modifications to the B&I Guaranteed Loan Program regulations since 1996, this action primarily implements the 2014 Farm Bill and makes needed refinements to the regulation. These changes are designed to enhance the program, improve efficiency, correct minor inconsistencies, clarify the regulations, and ultimately reduce delinquencies. The Agency held several lender meetings throughout the country to see how changes to the program could benefit lenders who use the program. The rule is intended to, increase lending activity, expand business opportunities, and create jobs in rural areas, particularly in areas that have historically experienced economic distress.

Agency: Department of Agriculture(USDA)  Priority: Other Significant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: No  Unfunded Mandates: No 
EO 13771 Designation: uncollected 
CFR Citation: 7 CFR 4287    7 CFR 4279   
Legal Authority: Consolidated Farm and Rural Development Act   
Legal Deadline:  None
Action Date FR Cite
NPRM  09/15/2014  79 FR 55316   
NPRM Comment Period End  11/14/2014 
Final Rule  03/00/2016 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Brenda Griffin
Loan Specialist, B&I Processing Division
Department of Agriculture
Rural Business-Cooperative Service
Room 6847/Stop 3224, 1400 Independence Avenue SW.,
Washington, DC 20250
Phone:202 720-6802
Fax:202 720-6003