Civil & Administrative

SBA Reporting and Recordkeeping Requirements Under OMB Review (Paperwork Reduction Act Notice)

🇺🇸United States··Notice·Low Impact·View source ↗

AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.

🇬🇧 English

The U.S. Small Business Administration (SBA) has published a notice announcing its intent to submit an information collection request to the Office of Management and Budget (OMB) for review and clearance under the Paperwork Reduction Act of 1995. This is a standard procedural step required before any federal agency can collect information from the public. The notice opens a 30-day public comment window beginning on or after March 23, 2026, during which any member of the public may submit feedback on the proposed information collection. Comments typically address the necessity, burden, and efficiency of the data collection. This type of notice does not itself impose new regulations, but it is a precursor to SBA implementing or renewing a specific reporting or recordkeeping requirement that will affect small businesses or other regulated entities. The actual scope and burden of the collection will be detailed in the full OMB submission. Small businesses, lenders, and other parties who interact with SBA programs should monitor the full OMB filing to understand what data they may be required to submit and by when.

AI-generated summary. May contain errors. Refer to official sources for legal decisions.

Key Changes

  • SBA intends to submit a new or renewed information collection request to OMB on or after March 23, 2026
  • 30-day public comment period opens from the date of publication (March 23, 2026)
  • Compliance with the Paperwork Reduction Act of 1995 (as amended) is cited as the legal basis for this notice

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Affected Parties

Small businesses applying for or participating in SBA programsSBA-approved lenders and financial institutions+3 more…

Tags

SBA,OMB review,Paperwork Reduction Act