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SBA RIN: 3245-AI03 Publication ID: Spring 2023 
Title: ●Program Changes for Justice Impacted Individuals 
Abstract:

SBA will publish a notice of proposed rulemaking in order to receive comments from the public and the lending industry regarding a proposal to amend the rule regarding the ineligibility of an Applicant where an associate has a criminal record. SBA will propose 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 proposed 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 proposed 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: First time published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: Yes  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  08/00/2023 
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:
Dianna L. Seaborn
Director, Office of Financial Assistance
Small Business Administration
409 Third Street SW,
Washington, DC 20416
Phone:202 205-3645
Email: dianna.seaborn@sba.gov