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TREAS/DO

RIN: 1505-AC67

Publication ID: Spring 2024

Title: Small Business Administration Business Loan Program Temporary Changes; Paycheck Protection Program--Additional Criteria for Seasonal Employers
Abstract: 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: Section 3(f)(1) 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

Timetable:

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	11/00/2024

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 Email: adair.morse@treasury.gov