Unknown. Notification of pilot program and request for comments

3,960 words·~18 min read·/register/2024/07/15/2024-15313·

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--- schema: federal-register doc_type: fedreg source_file: FR-2024-07-15.xml --- 89 135 Monday, July 15, 2024 Contents Agricultural Marketing Agricultural Marketing Service PROPOSED RULES Marketing Orders and Agreements: Milk in the Northeast and Other Marketing Areas, 57580-57687 2024-14769 Order: Paper and Paper-Based Packaging Promotion, Research and Information; Clarifying Changes, 57368-57372 2024-15138 Agriculture Agriculture Department See Agricultural Marketing Service See Foreign Agricultural Service See Rural Business-Cooperative Service See Rural Housing Service Architectural Architectural and Transportation Barriers Compliance Board NOTICES Agency Information Collection Activities;

Proposals, Submissions, and Approvals: Online Training Request Form, 57388-57389 2024-15415 Army Army Department NOTICES Agency Information Collection Activities; Proposals, Submissions, and Approvals, 57395-57396 2024-15420 Centers Medicare Centers for Medicare & Medicaid Services NOTICES Agency Information Collection Activities; Proposals, Submissions, and Approvals, 57417 2024-15473 Hearings, Meetings, Proceedings, etc.: Medicare Program; Advisory Panel on Hospital Outpatient Payment, 57414-57416 2024-15393 Civil Rights Civil Rights Commission NOTICES Hearings, Meetings, Proceedings, etc.:

California Advisory Committee, 57392 2024-15240 Guam Advisory Committee; Public Briefing, 57391-57392 2024-15243 2024-15241 2024-15242 Coast Guard Coast Guard RULES Safety Zone: Green River, Calhoun, KY, 57359-57361 2024-15355 Upper Mississippi River Mile Markers 219.5 to 218.5 Grafton, IL, 57357-57359 2024-15469 PROPOSED RULES Drawbridge Operations: Miami River, North Fork, Miami, FL, 57379-57381 2024-15233 Commerce Commerce Department See Foreign-Trade Zones Board See Industry and Security Bureau See International Trade Administration Defense Department Defense Department See Army Department See Navy Department NOTICES Agency Information Collection Activities;

Proposals, Submissions, and Approvals, 57396-57397 2024-15423 2024-15424 2024-15425 Education Department Education Department NOTICES Agency Information Collection Activities; Proposals, Submissions, and Approvals: Higher Education Emergency Relief Fund I, II and III Data Collection Form, 57399 2024-15394 Indian Education Professional Development Grants Program: Government Performance and Results Act and Service Payback Data Collection, 57399-57400 2024-15427 Employment and Training Employment and Training Administration NOTICES Agency Information Collection Activities;

Proposals, Submissions, and Approvals: Financial Report Form, 57431-57432 2024-15374 Self Employment Assistance, 57432-57433 2024-15373 Energy Department Energy Department See Federal Energy Regulatory Commission Environmental Protection Environmental Protection Agency RULES Air Quality State Implementation Plans; Approvals and Promulgations: Connecticut; Low Emissions Vehicles Program, 57361-57364 2024-15225 State Hazardous Waste Management Program: North Carolina; Final Authorization of Revisions, 57364-57367 2024-15117 PROPOSED RULES State Hazardous Waste Management Program:

North Carolina; Final Authorization of Revisions, 57381 2024-15116 NOTICES Clean Air Act Operating Permit Program: Order on Petition for Objection to State Operating Permit for CF Industries East Point, LLC, Waggaman Complex, Jefferson Parish, LA, 57408-57409 2024-15387 Delegation of Authority: State of Idaho To Implement or Enforce Additional or Revised National Emission Standards for Hazardous Air Pollutants and New Source Performance Standards, 57405-57408 2024-15395 Pesticide Product Registration:

Chlorpyrifos; Request To Cancel Certain Pesticide Registrations and Amend Registrations To Terminate Certain Uses, 57401-57405 2024-15451 Pesticide Registration Review: Decisions and Case Closures for Several Pesticides, 57410-57411 2024-15476 Pesticide Dockets Opened for Review and Comment, 57409-57410 2024-15468 Federal Aviation Federal Aviation Administration PROPOSED RULES Airworthiness Directives: The Boeing Company Airplanes, 57374-57379 2024-15235 2024-15308 NOTICES Hearings, Meetings, Proceedings, etc.:

NextGen Advisory Committee, 57498 2024-15430 Federal Communications Federal Communications Commission NOTICES Agency Information Collection Activities; Proposals, Submissions, and Approvals, 57411-57412 2024-15484 Federal Emergency Federal Emergency Management Agency NOTICES Flood Hazard Determinations, 57423-57426 2024-15385 2024-15386 Federal Energy Federal Energy Regulatory Commission PROPOSED RULES Implementation of Dynamic Line Ratings, 57690-57716 2024-14666 NOTICES Staff Attendance:

North American Electric Reliability Corp. Project; etc., 57400-57401 2024-15366 Federal Highway Federal Highway Administration NOTICES Agency Information Collection Activities; Proposals, Submissions, and Approvals, 57499 2024-15445 Federal Railroad Federal Railroad Administration NOTICES Funding Opportunity: Fiscal Year 2021-2024 Restoration and Enhancement Grant Program, 57499-57516 2024-15357 Federal Trade Federal Trade Commission NOTICES Agency Information Collection Activities;

Proposals, Submissions, and Approvals, 57412-57414 2024-15480 Fish Fish and Wildlife Service NOTICES Permits; Applications, Issuances, etc.: Endangered and Threatened Species, 57427-57429 2024-15440 Food and Drug Food and Drug Administration NOTICES Cellular and Gene Therapies Interactive Site Tours Program for Regulatory Project Managers and Reviewers, 57417-57418 2024-15351 Withdrawal of Approval of Drug Application: Takeda Pharmaceuticals U.S.A., Inc., Exkivity (Mobocertinib Succinate) Capsule, Equivalent to 40 Milligrams Base, 57418-57419 2024-15371 Foreign Agricultural Foreign Agricultural Service NOTICES Request for Information: 50 Million Non-Traditional Shelf-Stable Commodities Pilot Program, 57384-57385 2024-15474 Foreign Trade Foreign-Trade Zones Board NOTICES Proposed Production Activity:

Unimacts Co., Foreign-Trade Zone 265, Conroe, TX, 57393 2024-15444 Health and Human Health and Human Services Department See Centers for Medicare & Medicaid Services See Food and Drug Administration See Health Resources and Services Administration See National Institutes of Health NOTICES Agency Information Collection Activities; Proposals, Submissions, and Approvals, 57421-57422 2024-15460 Health Resources Health Resources and Services Administration NOTICES Agency Information Collection Activities;

Proposals, Submissions, and Approvals: Rural Communities Opioid Response Program Performance Measures, 57419-57421 2024-15441 Hearings, Meetings, Proceedings, etc.: Advisory Council on Blood Stem Cell Transplantation, 57419 2024-15391 Homeland Homeland Security Department See Coast Guard See Federal Emergency Management Agency NOTICES Charter Amendments, Establishments, Renewals and Terminations: Data Privacy and Integrity Advisory Committee, 57426 2024-15459 Indian Affairs Indian Affairs Bureau PROPOSED RULES Self-Governance PROGRESS Act Regulations, 57524-57577 2024-14862 Industry Industry and Security Bureau NOTICES Hearings, Meetings, Proceedings, etc.:

Emerging Technology Technical Advisory Committee, 57393-57394 2024-15458 Interior Interior Department See Fish and Wildlife Service See Indian Affairs Bureau See Land Management Bureau Internal Revenue Internal Revenue Service NOTICES Agency Information Collection Activities; Proposals, Submissions, and Approvals, 57519-57520 2024-15429 Hearings, Meetings, Proceedings, etc.: Taxpayer Advocacy Panel Joint Committee, 57518 2024-15439 Taxpayer Advocacy Panel Taxpayer Assistance Center Improvements Project Committee, 57518-57519 2024-15436 Taxpayer Advocacy Panel Taxpayer Communications Project Committee, 57519 2024-15437 Taxpayer Advocacy Panel's Notices and Correspondence Project Committee, 57519 2024-15434 Taxpayer Advocacy Panel's Special Projects Committee, 57518 2024-15435 Taxpayer Advocacy Panel's Tax Forms and Publications Project Committee, 57519 2024-15433 Taxpayer Advocacy Panel's Toll-Free Phone Lines Project Committee, 57520 2024-15438 International Trade Adm International Trade Administration NOTICES Antidumping or Countervailing Duty Investigations, Orders, or Reviews:

Certain Softwood Lumber Products from Canada, 57394-57395 2024-15446 International Trade Com International Trade Commission NOTICES Investigations; Determinations, Modifications, and Rulings, etc.: Certain Semiconductor Devices, and Methods of Manufacturing Same and Products Containing the Same, 57429-57430 2024-15414 Meetings; Sunshine Act, 57430-57431 2024-15576 Labor Department Labor Department See Employment and Training Administration Land Land Management Bureau NOTICES Agency Information Collection Activities;

Proposals, Submissions, and Approvals: Application for Land for Recreation or Public Purposes, 57429 2024-15455 National Highway National Highway Traffic Safety Administration RULES Uniform Procedures for State Highway Safety Grant Programs, 57355-57357 2024-15289 PROPOSED RULES Federal Motor Vehicle Safety Standard: Rear Impact Guards, Rear Impact Protection; Denial of Petition for Rulemaking, 57381-57383 2024-13956 National Institute National Institutes of Health NOTICES Hearings, Meetings, Proceedings, etc.:

National Library of Medicine, 57422-57423 2024-15384 2024-15388 National Science National Science Foundation NOTICES Meetings; Sunshine Act, 57433 2024-15571 Navy Navy Department NOTICES Agency Information Collection Activities; Proposals, Submissions, and Approvals, 57397-57399 2024-15418 2024-15419 Nuclear Regulatory Nuclear Regulatory Commission PROPOSED RULES Draft Regulatory Guide: Design-Basis Floods for Nuclear Power Plants and Guidance for Assessment of Flooding Hazards Due to Water Control Structure Failures and Incidents, 57372-57374 2024-15479 NOTICES Meetings;

Sunshine Act, 57433 2024-15509 Postal Regulatory Postal Regulatory Commission NOTICES International Money Transfer Service, 57433-57434 2024-15443 New Postal Products, 57434-57435 2024-15431 2024-15454 Postal Service Postal Service NOTICES International Product Change: International Priority Airmail, Commercial ePacket, Priority Mail Express International & Priority Mail International Agreement, 57436 2024-15432 Presidential Documents Presidential Documents PROCLAMATIONS Aluminum Imports Into U.S.;

Adjustments (Proc. 10782), 57339-57345 2024-15632 Steel Imports Into U.S.; Adjustments (Proc. 10783), 57347-57352 2024-15641 Rural Business Rural Business-Cooperative Service NOTICES Processing Timeline Change for the Rural Energy for America Program for Fiscal Year 2024, 57385-57386 2024-15426 Rural Housing Service Rural Housing Service NOTICES Agency Information Collection Activities; Proposals, Submissions, and Approvals: Community Facilities Grant Program, 57386 2024-15463 Community Facility Loans, 57387-57388 2024-15464 Fire and Rescue Loans, 57386-57387 2024-15462 Securities Securities and Exchange Commission NOTICES Agency Information Collection Activities;

Proposals, Submissions, and Approvals: Contract Standard for Contractor Workforce Inclusion, 57451 2024-15417 Meetings; Sunshine Act, 57457-57458 2024-15590 Self-Regulatory Organizations; Proposed Rule Changes: Cboe BYX Exchange, Inc., 57441-57442, 57482-57485 2024-15398 2024-15407 Cboe BZX Exchange, Inc., 57460-57463, 57491-57494 2024-15404 2024-15408 Cboe EDGX Exchange, Inc., 57454-57457 2024-15402 LCH SA, 57467-57479 2024-15401 MEMX LLC, 57463-57467 2024-15400 Miami International Securities Exchange, LLC, 57445-57454 2024-15399 2024-15403 MIAX Emerald, LLC, 57479-57482 2024-15406 MIAX PEARL, LLC, 57438-57441 2024-15405 Nasdaq BX, Inc., 57458-57460, 57485-57491 2024-15410 2024-15412 Nasdaq ISE, LLC, 57482 2024-15409 Nasdaq PHLX LLC, 57442-57444 2024-15413 New York Stock Exchange LLC, 57436-57438 2024-15411 Small Business Small Business Administration RULES Working Capital Pilot Program, 57353-57355 2024-15313 NOTICES Agency Information Collection Activities;

Proposals, Submissions, and Approvals, 57495-57496 2024-15442 Disaster Declaration: Michigan, 57496 2024-15381 Oklahoma, 57494-57495 2024-15380 State Department State Department NOTICES Agency Information Collection Activities; Proposals, Submissions, and Approvals: Statement Regarding a Valid Lost or Stolen U.S. Passport Book and/or Card, 57496-57497 2024-15421 Determination: Trade Act; Extension of Waiver Authority, 57497 2024-15471 Surface Transportation Surface Transportation Board NOTICES Hearings, Meetings, Proceedings, etc.:

Growth In the Freight Rail Industry, 57497-57498 2024-15452 Transportation Department Transportation Department See Federal Aviation Administration See Federal Highway Administration See Federal Railroad Administration See National Highway Traffic Safety Administration NOTICES Equity Action Plan Update, 57516-57518 2024-15456 Treasury Treasury Department See Internal Revenue Service NOTICES Call for Large Position Reports: Government Securities, 57520-57521 2024-15382 Hearings, Meetings, Proceedings, etc.:

Debt Management Advisory Committee, 57521 2024-15392 COMMITTEE U.S. Committee on the Marine Transportation System NOTICES Request for Information: Barriers to Planning for Climate Resilience in U.S. Ports, 57389-57390 2024-15356 Veteran Affairs Veterans Affairs Department NOTICES Agency Information Collection Activities; Proposals, Submissions, and Approvals: Student Beneficiary Report—Restored Entitlement Program for Survivors, 57522 2024-15457 Hearings, Meetings, Proceedings, etc.:

Health Systems Research Scientific Merit Review Board, 57521-57522 2024-15422 Separate Parts In This Issue Part II Interior Department, Indian Affairs Bureau, 57524-57577 2024-14862 Part III Agriculture Department, Agricultural Marketing Service, 57580-57687 2024-14769 Part IV Energy Department, Federal Energy Regulatory Commission, 57690-57716 2024-14666 Reader Aids Consult the Reader Aids section at the end of this issue for phone numbers, online resources, finding aids, and notice of recently enacted public laws.

To subscribe to the Federal Register Table of Contents electronic mailing list, go to https://public.govdelivery.com/accounts/USGPOOFR/subscriber/new, enter your e-mail address, then follow the instructions to join, leave, or manage your subscription. 89 135 Monday, July 15, 2024 Rules and Regulations SMALL BUSINESS ADMINISTRATION 13 CFR Part 120 [Agency Docket Number: SBA-2024-0005] 7(a) Working Capital Pilot Program AGENCY: U.S. Small Business Administration. ACTION: Notification of pilot program and request for comments.

SUMMARY: SBA is introducing a new pilot loan program within the 7(a) Loan Program called “7(a) Working Capital Pilot”

(WCP)to provide SBA 7(a) guaranteed lines of credit up to $5 million that may be used to support domestic and international transactions with SBA fees due from the Lender that operate as a function of time, charging a proportional amount for each year the facility is in use. DATES: *Effective date:* The WCP Program will be effective on August 1, 2024, and will remain in effect through July 31, 2027. *Comment date:* Comments must be received on or before August 14, 2024. ADDRESSES: You may submit comments, identified by SBA docket number SBA-2024-0005, through the Federal eRulemaking Portal: *https://www.regulations.gov/.* Follow the instructions for submitting comments. SBA will post all comments on *https://www.regulations.gov.* If you wish to submit confidential business information

(CBI)as defined in the User Notice at *https://www.regulations.gov,* please submit the information via email to *Ginger.Allen@sba.gov.* 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: Specific WCP policy questions should be directed to *7aWCP@sba.gov.* For further information, contact Ginger Allen, Chief, 7(a) Loan Policy Division, Office of Financial Assistance, Office of Capital Access, Small Business Administration, at

(202)205-7110 or *Ginger.Allen@sba.gov,* or Daniel Pische, Director, International Trade Finance, Office of International Trade, Small Business Administration, at

(202)205-7119 or *Daniel.Pische@sba.gov.* The phone numbers above may also be reached by individuals who are deaf or hard of hearing, or who have speech disabilities, through the Federal Communications Commission's TTY-Based Telecommunications Relay Service teletype service at 711. SUPPLEMENTARY INFORMATION: I. Background Information As small businesses grow, they require access to working capital. Working capital is most economically delivered through a line of credit and allows businesses to take on new opportunities in a way that a term loan cannot. For example, manufacturers require a revolving line of credit to build a resilient inventory position, and a contractor requires access to a transaction-based project line to successfully secure a multi-year government contract. In both examples, the revolving nature of a line of credit provides the most efficient means for the business to control its cash flow and manage the associated interest expense in a dynamic rate environment. For example, for a permanent term (non-revolving) loan that provides working capital, the borrower receives one lump sum of money and interest immediately begins accruing on the entire sum. In contrast, with a revolving line of credit, the borrower only borrows money as needed and pays interest only on the time the funds are being used. SBA's flagship business loan program is the 7(a) Loan Program, which currently offers four delivery methods for making SBA 7(a) guaranteed lines of credit. These delivery methods are the 7(a) SBA Express, CAPLine, Export Express, and the Export Working Capital Program

(EWCP)programs. While the existing 7(a) line of credit delivery methods serve a similar working capital function, each has its own unique rules and limitations. For example, 7(a) SBA Express and Export Express loans are limited to a maximum loan size of $500,000, while CAPLines and EWCP loans can be approved up to $5 million. Lenders appreciate the flexibility offered by the CAPLines Program; however, the four subprograms within CAPLines can be confusing to administer, and the fee structure makes these types of loans expensive when compared to EWCP. Lenders find the EWCP Program to be more similarly structured to their conventional asset-based lending norms than the CAPLine Program, and Lenders prefer EWCP's fee structure over CAPLine's fee structure; however, EWCP loan proceeds may only be used to finance export transactions. The difference in rules creates a challenge for Lenders, who must learn and manage four separate programs for the delivery of their small business working capital, which negatively affects Lender participation while also reducing the availability of working capital for small businesses. For these reasons, SBA is establishing the new 7(a) Working Capital Pilot Program to allow participating 7(a) Lenders to make working capital loans more efficiently and effectively. II. 7(a) Working Capital Pilot Program Overview Per 13 CFR 120.3, SBA is establishing the WCP Program as a pilot program within the 7(a) Loan Program. The WCP will be effective August 1, 2024, and continue through July 31, 2027. The purpose of the WCP Program is to allow participating 7(a) Lenders to make working capital lines of credit through asset-based and transaction-based lines of credit. Lenders making WCP loans $150,000 or less will have an 85 percent SBA guaranty, and WCP loans greater than $150,000 will have a 75 percent SBA guaranty. WCP Program requirements will be built around established industry norms. SBA intends to make program enhancements based on Lender feedback during the duration of the pilot program. WCP loans may be approved up to $5 million and may be used to support domestic and international transactions. Lenders may authorize a loan term up to 60 months. Lenders set interest rates that must comply with 13 CFR 120.213 and 120.214. In compliance with § 120.214(c), SBA is providing notice in this **Federal Register** Notice that for the WCP Program, SBA is allowing Lenders to use the Secured Overnight Financing Rate

(SOFR)plus 3 percent as a base interest rate in addition to Prime and SBA's Optional Peg Rate. SBA recognizes that financial institutions use a range of SOFR products to deliver an equivalent reference rate ( *e.g.,* 30-day term SOFR and 30-Day Average SOFR). Lenders may continue to use their established in-house SOFR reference rates of 30 days or less as these rates closely correlate with the daily SOFR rate. The amount of interest SBA will pay to a Lender following the default of a WCP loan will be calculated based on the daily SOFR rate as reported by the Federal Reserve Bank of New York. Lenders must pay a guaranty fee to SBA for each loan made, and the guaranty fee due to SBA upon initial loan approval is called the SBA Upfront Fee. The SBA Upfront Fee for WCP is modeled after SBA's 7(a) EWCP Program, which has a guaranty fee that operates as a function of time, charging a proportional amount for each year the facility is in use. For example, a loan with a 36-month loan term pays an SBA Upfront Fee established for loans with a 36-month term, while loans with a 60-month loan term pay an SBA Upfront Fee that is proportionally higher based on the longer term. SBA will publish the WCP Upfront Fee on SBA's website at *https://www.sba.gov/documents.* To provide an idea of how the WCP fee structure may look, the Upfront Fee for SBA's 7(a) EWCP Program in fiscal year

(FY)24 is: For loans of $1 million or less: 0%. For loans greater than $1 million with a maturity of 12 months or less: 0.25% of the guaranteed portion. For loans greater than $1 million with a maturity of 13 up to 24 months: 0.525% of the guaranteed portion. For loans greater than $1 million with a maturity of 25 up to 36 months: 0.8% of the guaranteed portion. Lenders and Agents may collect fees from borrowers. Fees, including extraordinary servicing fees, are capped in accordance with 13 CFR 120.221 and Standard Operating Procedure (SOP 50 10). Extraordinary servicing fees are capped at 2 percent per year on the outstanding balance of the part requiring special servicing. WCP loan proceeds may be used to provide a temporary advance against Federal and state tax credits and/or rebates in addition to certain other common uses for asset-based lines. The purpose for allowing WCP loan proceeds to be used to provide a temporary advance against Federal and or state tax credits and/or rebates is to provide immediate access to a portion of the funds once they are earned by the business and have been confirmed by the Lender. More detailed guidance on the WCP will be provided in a 7(a) Working Capital Pilot Program Guide (Program Guide) published on SBA's website at *https://www.sba.gov/documents.* Except where the Program Guide provides other guidance, Lenders and loans must comply with the regulations outlined in parts 103, 105, 120, 121, and 134 of title 13 of the Code of Federal Regulations, and SOPs 50 10, “Lender and Development Company Loan Programs”, which provides 7(a) loan origination policy, 50 56, “Lender Participation Requirements”, which provides Lender participation and oversight requirements, and 50 57, “7(a) Loan Servicing and Liquidation”. SBA will provide recorded training and downloadable slide decks on its Training on Demand page at *https://www.sba.gov/partners/lenders/training-demand.* SBA will also provide live training and one-on-one help from SBA subject matter experts. Lenders may sign up for notifications of training and ask WCP policy questions at *7aWCP@sba.gov.* III. Eligible Lenders and Delegated Loan Processing All participating 7(a) Lenders in good standing with a signed Loan Guaranty Agreement (Form 750) are eligible to participate in the WCP. The process for lenders to apply to participate with SBA as a 7(a) Lender is provided in SOP 50 56. If the 7(a) Working Capital Pilot is not extended, each Lender must continue to service and liquidate its WCP loans under the terms of the Pilot but will not be able to make any new WCP loans. If the WCP is extended or made permanent, each WCP Lender's authority to participate will be renewed based on the WCP Lender's compliance with the program requirements. Under SBA's sole discretion, SBA may grant delegated authority to certain qualified Lenders with experience in asset-based lending to process, close, service, and liquidate WCP loans without prior SBA review. 7(a) Lenders with existing Preferred Lenders Program

(PLP)delegated authority will *not* automatically have authority to make WCP loans using delegated authority. However, SBA will automatically approve Lenders in good standing that have PLP-EWCP delegated authority for PLP-WCP delegated authority with no action required by the PLP-EWCP Lender. Lenders in good standing with SBA that have delegated authority in the Export-Import Bank of the United States Working Capital Guaranty Program are immediately eligible for PLP-EWCP delegated authority. These Lenders should apply for PLP-EWCP status in accordance with SBA's SOP 50 56. Other participating 7(a) Lenders may apply for PLP-WCP delegated authority based on criteria listed in SOP 50 56 as well as specific criteria found in SBA 7(a) Working Capital Pilot Program Guide published on SBA's website at *https://www.sba.gov/documents.* Lenders with delegated authority may elect on a case-by-case basis to process certain loans under non-delegated authority. IV. Budget Impact of WCP on 7(a) Loan Program In FY25, SBA estimates it will approve approximately 270 WCP loans totaling $337 million. Half of that volume will be from loans that would have otherwise been approved as an SBA 7(a) Export Working Capital Program loan or SBA 7(a) CAPLines loan, and the other half will be new volume. The WCP is included in the 7(a) Loan Program budget estimate. The performance of these loans will be considered when calculating budget costs and any need for appropriations. SBA analyzed the budget impact of WCP loans on the 7(a) Loan Program. The current estimates for FY24 and FY25 support the continued execution of the 7a Loan Program without needing an appropriation, and this will be reassessed annually. V. Program Guide and Notices From SBA, Including Training Inquiries on specific WCP policies may be sent to *7aWCP@sba.gov.* SBA will publish detailed WCP requirements in a Program Guide, which will be available on SBA's website at *https://www.sba.gov/documents.* SBA may also provide additional guidance through SBA notices on the same website. Lenders, SBA staff, and interested stakeholders may sign up for notification of upcoming training and program updates by copying the following text into a web browser, which will then create an email that can be sent without any further text entry: *https://outlook.office365.com/mail/deeplink/compose?mailtouri=mailto%3AOFANotifications%40sba.gov%3Fsubject%3D%2520REQUEST%2520TO%2520SUBSCRIBE%3A%2520OFA%25207(a)%2520Working%2520Capital%2520Pilot%2520Program%2520%26body%3DPlease%2520add%2520me%2520to%2520this%2520newsletter.* VI. Regulation Waivers Pursuant to the authority provided to SBA under 13 CFR 120.3 to suspend, modify or waive certain regulations in establishing and testing pilot loan initiatives for a limited period of time, for the WCP Program SBA will waive the following regulations. SBA is waiving the regulation at 13 CFR 120.130(c) that prohibits loan proceeds to be used for revolving lines of credit except under SBA's 7(a) CAPLines and EWCP delivery methods. Because WCP is a program for delivering revolving lines of credit, the program is not feasible without waiving this regulation. SBA is also waiving 13 CFR 120.452(a)(2) that prohibits Lenders from making a PLP 7(a) loan that reduces its existing credit exposure for any Borrower to permit 7(a) Lenders to use their PLP-WCP delegated authority to refinance an existing same-institution SBA Express loan into a WCP loan to provide growing small businesses the ability to transition from an SBA Express line of credit to a monitored WCP line of credit. VII. Program Evaluation SBA will evaluate the WCP Program periodically and prior to the initial end of the authorization period on July 31, 2027, to refine the program and to determine whether it should be made permanent. Evaluation criteria will include, but is not limited to, number of WCP loans approved, adoption rate (number of lenders making WCP loans), comparison of number of loans approved and adoption rate versus the same in 7(a) CAPLine and EWCP programs and among the top SBA Lenders, whether the costs (including losses) of the pilot are within an acceptable range, and portfolio performance as it relates to other 7(a) programs. Authority: 15 U.S.C. 636(a)(25) and 13 CFR 120.3. Isabella Casillas Guzman, Administrator. [FR Doc. 2024-15313 Filed 7-12-24; 8:45 am]

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