The Small Business Administration (SBA) plans to seek approval from the Office of Management and Budget (OMB) to gather information as outlined in their notice. In compliance with the Paperwork Reduction Act (PRA), this notice allows for a 30-day public comment period before the collection of information is submitted to OMB. The SBA seeks feedback on the necessity and impact of the information collection to ensure it's efficient and beneficial, without being burdensome. Comments should be sent to Bethany Shana at the Office of Credit Risk Management by July 1, 2025.
Simple Explanation
The Small Business Administration wants to get permission to ask people for some information and is inviting everyone to share their thoughts about it before they start. They have a month for people to say whether asking for this information is a good idea or if it might be too much work for small businesses.