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TREAS/DO RIN: 1505-AC67 Publication ID: Fall 2022 
Title: Small Business Administration Business Loan Program Temporary Changes; Paycheck Protection Program--Additional Criteria for Seasonal Employers 

The Coronavirus Aid, Relief, and Economic Security Act (the CARES Act or the Act) authorizes the U.S. Department of the Treasury (Treasury) to issue regulations for the Paycheck Protection Program (PPP) administered by the Small Business Administration (SBA), including regulations that allow additional lenders to originate loans and establish terms and conditions. In this interim final rule, Treasury authorizes all lenders eligible to originate loans under the PPP to use an alternative criterion for calculating the maximum loan amount for PPP loans issued to seasonal employers. This rule will be finalized and codified as part of a single consolidated rule.

Agency: Department of the Treasury(TREAS)  Priority: Economically Significant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: Yes  Unfunded Mandates: No 
CFR Citation: 13 CFR 120   
Legal Authority: Pub. L. 116-136   
Legal Deadline:  None
Action Date FR Cite
Interim Final Rule  04/30/2020  85 FR 23917   
Interim Final Rule Effective  04/30/2020 
Interim Final Rule Comment Period End  06/01/2020 
Final Action  11/00/2023 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: Businesses  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Adair Morse
Deputy Assistant Secretary
Department of the Treasury
1500 Pennsylvania Avenue NW,
Washington, DC 20220
Phone:202 622-2000