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Federal Register / Vol. 86, No. 171 / Wednesday, September 8, 2021 / Rules and Regulations
date provisions of the APA are unnecessary, impracticable, or contrary to the public interest with respect to these final amendments to Regulation D.
The rate change for IORB that is reflected in the final amendment to Regulation D was made with a view towards accommodating commerce and business and with regard to their bearing upon the general credit situation of the country. Notice and public comment would prevent the Boards action from being effective as promptly as necessary in the public interest and would not otherwise serve any useful purpose. Notice, public comment, and a delayed effective date would create uncertainty about the finality and effectiveness of the Boards action and undermine the effectiveness of that action. Accordingly, the Board has determined that good cause exists to dispense with the notice, public comment, and delayed effective date procedures of the APA with respect to this final amendment to Regulation D.
IV. Regulatory Flexibility Analysis
V. Paperwork Reduction Act In accordance with the Paperwork Reduction Act PRA of 1995,9 the Board reviewed the final rule under the authority delegated to the Board by the Office of Management and Budget. The final rule contains no requirements subject to the PRA.
List of Subjects in 12 CFR Part 204
Banks, Banking, Reporting and recordkeeping requirements.
Authority and Issuance For the reasons set forth in the preamble, the Board amends 12 CFR
part 204 as follows:

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PART 204RESERVE
REQUIREMENTS OF DEPOSITORY
INSTITUTIONS REGULATION D
1. The authority citation for part 204
continues to read as follows:

U.S.C. 603, 604.
U.S.C. 3506; see 5 CFR part 1320, appendix
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2. Section 204.10 is amended by:
a. Revising paragraph b1;
b. Removing paragraphs b4 and 5
and d5; and c. Redesignating paragraph d6 as paragraph d5.
The revision reads as follows:

204.10

Payment of interest on balances.

b
1 For balances maintained in an eligible institutions master account, interest is the amount equal to the interest on reserve balances rate IORB
rate on a day multiplied by the total balances maintained on that day. The IORB rate is 0.15 percent.

By order of the Board of Governors of the Federal Reserve System.
Ann Misback, Secretary of the Board.
FR Doc. 202119280 Filed 9721; 8:45 am BILLING CODE 621001P

The Regulatory Flexibility Act RFA does not apply to a rulemaking where a general notice of proposed rulemaking is not required.8 As noted previously, the Board has determined that it is unnecessary and contrary to the public interest to publish a general notice of proposed rulemaking for this final rule. Accordingly, the RFAs requirements relating to an initial and final regulatory flexibility analysis do not apply.

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Authority: 12 U.S.C. 248a, 248c, 461, 601, 611, and 3105.

SMALL BUSINESS ADMINISTRATION
13 CFR Parts 121 and 123
Docket Number SBA20210016
RIN 3245AH80

Disaster Loan Program Changes U.S. Small Business Administration SBA.
ACTION: Interim final rule.
AGENCY:

This interim final rule implements changes to the Disaster Loan Program regulations. For applications for COVID19 Economic Injury Disaster COVID EIDL loans, in this rule SBA is changing the definition of affiliation, the eligible uses of loan proceeds, and application of the size standard to certain hard-hit eligible entities, and is establishing a maximum loan limit for borrowers in a single corporate group. In addition, for all disaster assistance programs, in this rule, SBA is changing which SBA
official may make the decision on the appeal of an application that has been declined for a second time.
DATES:
Effective date: The provisions of this interim final rule are effective September 8, 2021.
Applicability dates: The change to the regulation at 13 CFR 123.13 applies to applications submitted under all of SBAs Disaster Loan Programs on or after September 8, 2021. The changes to SUMMARY:

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the regulation at 13 CFR 123.303 apply to COVID EIDL loan proceeds available on or after September 8, 2021, without regard to the date such proceeds were received from SBA. The other changes in this interim final rule apply to applications submitted under the COVID EIDL Program on or after September 8, 2021, through December 31, 2021, or until funds available for this purpose are exhausted, whichever is earlier. Additionally, with the exception of the regulation at 123.304, this interim final rule applies to original applications under the COVID EIDL
Program that are submitted before but approved on or after September 8, 2021.
Comment date: Comments must be received on or before October 8, 2021.
ADDRESSES: You may submit comments, identified by number SBA20210016
through the Federal eRulemaking Portal:
http www.regulations.gov. Follow the instructions for submitting comments.
SBA will post all comments on www.regulations.gov. If you wish to submit confidential business information CBI as defined in the User Notice at www.regulations.gov, please send an email to COVIDEIDLHelp@
sba.gov. All other comments must be submitted through the Federal eRulemaking Portal described above.
Highlight the information that you consider to be CBI and explain why you believe SBA should hold this information as confidential. SBA will review the information and make the final determination whether it will publish the information.
FOR FURTHER INFORMATION CONTACT: An SBA Disaster Customer Service Representative at 800 6592955
individuals who are deaf or hard of hearing may call 800 8778339, or a local SBA Field Office; the list of SBA
field offices can be found at https
www.sba.gov/tools/local-assistance/
districtoffices.
SUPPLEMENTARY INFORMATION:
I. Background Information Section 7b2 of the Small Business Act authorizes SBA to make EIDL loans to eligible small businesses and nonprofit organizations located in a disaster area. 15 U.S.C. 636b2. On March 6, 2020, Congress deemed COVID19 to be a disaster in Title II of the Coronavirus Preparedness and Response Supplemental Appropriations Act of 2020, Public Law 116123, 134
Stat. 146, 147, allowing SBA to declare disasters and make EIDL loans available to small businesses and nonprofit organizations suffering substantial economic injury as a result of the COVID19 pandemic. The Coronavirus
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