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SBA RIN: 3245-AH63 Publication ID: Fall 2022 
Title: Business Loan Program Temporary Changes; Paycheck Protection Program Second Draw Loans 

This interim final rule announced the implementation of section 311 of the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (the Economic Aid Act). The Economic Aid Act authorizes the U.S. Small Business Administration to guarantee additional loans under the temporary Paycheck Protection Program, which was originally established under the Coronavirus Aid, Relief, and Economic Security Act to provide economic relief to small businesses nationwide adversely impacted under the Coronavirus Disease 2019 (COVID-19) Emergency Declaration (COVID-19 Emergency Declaration) issued on March 13, 2020. Section 311 of the Economic Aid Act adds a second temporary program to SBA’s 7(a) Loan Program titled, "Paycheck Protection Program Second Draw Loans.” This interim final rule implemented the key provisions of section 311 of the Economic Aid Act and requested public comment. This rule will be finalized and codified as part of a single consolidated rule.

Agency: Small Business Administration(SBA)  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    13 CFR 121   
Legal Authority: Pub. L. 116-136    Pub. L. 116-260   
Legal Deadline:
Action Source Description Date
Other  Statutory  Pub. L. 116-260, Div. N, sec. 303  01/06/2021 
Action Date FR Cite
Interim Final Rule Effective  01/12/2021 
Interim Final Rule  01/14/2021  86 FR 3712   
Interim Final Rule Comment Period End  02/16/2021 
Final Action  11/00/2023 
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