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SBA RIN: 3245-AH52 Publication ID: Fall 2020 
Title: ●Business Loan Program Temporary Changes; Paycheck Protection Program – Revisions to Loan Forgiveness and Loan Review Procedures Interim Final Rules 

On April 2, 2020, the U.S. Small Business Administration (SBA) posted on its website an interim final rule relating to the implementation of sections 1102 and 1106 of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act or the Act) (published in the Federal Register on April 15, 2020).  Section 1102 of the Act temporarily adds a new product, titled the "Paycheck Protection Program,” to the SBA’s 7(a) Loan Program.  Subsequently, SBA and Treasury issued additional interim final rules implementing the Paycheck Protection Program.  On June 5, 2020, the Paycheck Protection Program Flexibility Act of 2020 (Flexibility Act) was signed into law, amending the CARES Act.  This interim final rule revised interim final rules posted on SBA’s and the Department of the Treasury’s websites on May 22, 2020 (published in the Federal Register on June 1, 2020), by changing key provisions to conform to the Flexibility Act.  Several of these amendments are retroactive to the date of enactment of the CARES Act, as required by section 3(d) of the Flexibility Act.

Agency: Small Business Administration(SBA)  Priority: Economically Significant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: Yes  Unfunded Mandates: No 
EO 13771 Designation: Other 
CFR Citation: 13 CFR 120   
Legal Authority: Pub. L. 116-136    Pub. L. 116-139    Pub. L. 116-142   
Legal Deadline:  None
Action Date FR Cite
Interim Final Rule Effective  03/27/2020 
Interim Final Rule Effective  06/05/2020 
Interim Final Rule Effective  06/24/2020 
Interim Final Rule  06/26/2020  85 FR 38304   
Interim Final Rule Comment Period End  07/27/2020 
Final Action  10/00/2021 
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:
Dianna L. Seaborn
Director, Office of Financial Assistance
Small Business Administration
409 Third Street SW,
Washington, DC 20416
Phone:202 205-3645