82_FR_31258 82 FR 31131 - Office of the National Ombudsman; Solicitation of Nominations for Appointment to Small Business Regional Regulatory Fairness Boards

82 FR 31131 - Office of the National Ombudsman; Solicitation of Nominations for Appointment to Small Business Regional Regulatory Fairness Boards

SMALL BUSINESS ADMINISTRATION

Federal Register Volume 82, Issue 127 (July 5, 2017)

Page Range31131-31132
FR Document2017-14001

The SBA Office of the National Ombudsman (ONO) is issuing this notice to solicit nominations of qualified owners, operators, and officers of small business concerns to be considered for appointment by the SBA Administrator as a member of a Small Business Regional Regulatory Fairness Board (``RegFair Board''). The RegFair Board members on the ten regional boards serve as advisors to the National Ombudsman on regulatory enforcement and compliance issues of concern to small business owners within their respective regions and surface those issues to the attention of the National Ombudsman. Nominations of qualified candidates are being sought to fill vacancies on the RegFair Boards. RegFair Board members are appointed by, and serve at the pleasure of, the SBA Administrator for terms of no longer than three years. The Administrator may reappoint an individual for additional terms of service. Board members serve without compensation. They will, however, be reimbursed for authorized travel-related expenses at per diem rates established by GSA when asked to perform official duties as a Board member. Authority: This notice was prepared in accordance with the Small Business Regulatory Enforcement Fairness Act of 1996 (SBREFA), (Pub. L. 104-121), Sec. 222.

Federal Register, Volume 82 Issue 127 (Wednesday, July 5, 2017) 
[Federal Register Volume 82, Number 127 (Wednesday, July 5, 2017)]
[Notices]
[Pages 31131-31132]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-14001]


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SMALL BUSINESS ADMINISTRATION


Office of the National Ombudsman; Solicitation of Nominations for 
Appointment to Small Business Regional Regulatory Fairness Boards

AGENCY: U.S. Small Business Administration (SBA).

ACTION: Solicit nominations of owners, operators, and officers of small 
business concerns to serve on 10 Regional Regulatory Fairness Boards 
nationwide.

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SUMMARY: The SBA Office of the National Ombudsman (ONO) is issuing this 
notice to solicit nominations of qualified owners, operators, and 
officers of small business concerns to be considered for appointment by 
the SBA Administrator as a member of a Small Business Regional 
Regulatory Fairness Board (``RegFair Board'').
    The RegFair Board members on the ten regional boards serve as 
advisors to the National Ombudsman on regulatory enforcement and 
compliance issues of concern to small business owners within their 
respective regions and surface those issues to the attention of the 
National Ombudsman. Nominations of qualified candidates are being 
sought to fill vacancies on the RegFair Boards. RegFair Board members 
are appointed by, and serve at the pleasure of, the SBA Administrator 
for terms of no longer than three years. The Administrator may 
reappoint an individual for additional terms of service.
    Board members serve without compensation. They will, however, be 
reimbursed for authorized travel-related expenses at per diem rates 
established by GSA when asked to perform official duties as a Board 
member.
    Authority: This notice was prepared in accordance with the Small 
Business Regulatory Enforcement Fairness Act of 1996 (SBREFA), (Pub. L. 
104-121), Sec. 222.

DATES: Nominations for membership on the RegFair Board will be accepted 
on a rolling basis.

ADDRESSES: All nominations should be mailed to the Office of the 
National

[[Page 31132]]

Ombudsman, U.S. Small Business Administration, 409 3rd Street SW., 
Washington, DC 20416, or emailed to [email protected].

FOR FURTHER INFORMATION CONTACT: Ms. Cynthia Pope, Office of the 
National Ombudsman, U.S. Small Business Administration, 409 3rd Street 
SW., Washington, DC 20416, Telephone: (202) 401-299; Email: 
[email protected]. A copy of the RegFair Board Charter and a list of 
current Board members may be obtained by contacting Ms. Pope. For more 
information on ONO, please visit our Web site, www.sba.gov/ombudsman.

SUPPLEMENTARY INFORMATION: As established by the United States 
Congress, the Small Business Regulatory Enforcement Fairness Act of 
1996 created ONO within the SBA and 10 Regional Regulatory Fairness 
Boards nationwide. Pursuant to the statute, ONO works with Federal 
agencies that have regulatory authority over small businesses subjected 
to an audit, on-site inspection, fine or penalty, compliance assistance 
effort, or other enforcement related communication or contact by agency 
personnel with a vehicle to comment on the enforcement actions.
    Pursuant to SBREFA, the ONO is authorized to establish, maintain, 
and coordinate activities of 10 Regional Regulatory Fairness Boards. 
The ONO has RegFair Boards in each of SBA's 10 regions. Each Board is 
comprised of 5 small business owners, operators, or officers. No more 
than three RegFair Board Members per board may be of the same political 
affiliation. All Board members are appointed by the SBA Administrator 
for three-year terms.
    The purpose of the RegFair Boards is to have leaders of small 
businesses advise and represent the National Ombudsman on regulatory 
issues for small businesses in their respective regions. Each year, the 
RegFair Boards convene for an annual meeting to discuss the state of 
affairs in Federal regulatory enforcement. The meeting also provides 
the ONO with the opportunity to assess trends and new regulatory issues 
that impact small businesses in each region.
    Additionally, the RegFair Boards work with the SBA District Offices 
and SBA Regional staff to communicate opportunities small businesses 
have to share their concerns regarding regulatory enforcement. This 
includes promoting and providing small businesses with information 
regarding RegFair Hearings and Roundtables within their respective 
regions.

Requirements for Nomination Submission

    Completed SBA Form 898: Interested applicants must submit a 
completed SBA Form 898. To download a copy of the form, please visit 
https://www.sba.gov/ombudsman/fairness-boards. Please note that a YES 
answer to any of the questions listed in Section 6 of the SBA Form 898 
Advisory Committee Membership Nominee Information Form may deem a 
candidate ineligible to serve on a RegFair Board.
    Resume: Please include the nominee's contact information (including 
name, mailing address, telephone numbers, and email address) and a 
chronological summary of the nominee's experience and qualifications. 
Please do not submit a bio.

    Dated: June 27, 2017.
Richard W. Kingan,
SBA Committee Management Officer (Acting).
[FR Doc. 2017-14001 Filed 7-3-17; 8:45 am]
BILLING CODE 8025-01-P

Federal Register / Vol. 82, No. 127 / Wednesday, July 5, 2017 / Notices 31131 Redemption Instruments will each transactions, and underwritings, (ii) the policies of each registered correspond pro rata to the positions in excessive layering of fees, and (iii) investment company involved; and (c) the Fund’s portfolio (including cash overly complex fund structures, which the proposed transaction is consistent positions) except as specified in the are the concerns underlying the limits with the general purposes of the Act. application. in sections 12(d)(1)(A) and (B) of the For the Commission, by the Division of 4. Because shares will not be Act. Investment Management, under delegated individually redeemable, applicants 8. Applicants request an exemption authority. request an exemption from section from sections 17(a)(1) and 17(a)(2) of the Brent J. Fields, 5(a)(1) and section 2(a)(32) of the Act Act to permit persons that are Affiliated Secretary. that would permit the Funds to register Persons, or Second Tier Affiliates, of the [FR Doc. 2017–14196 Filed 7–3–17; 8:45 am] as open-end management investment Funds, solely by virtue of certain BILLING CODE 8011–01–P companies and issue shares that are ownership interests, to effectuate redeemable in Creation Units only. purchases and redemptions in-kind. The 5. Applicants also request an deposit procedures for in-kind exemption from section 22(d) of the Act purchases of Creation Units and the SMALL BUSINESS ADMINISTRATION and rule 22c–1 under the Act as redemption procedures for in-kind secondary market trading in shares will redemptions of Creation Units will be Office of the National Ombudsman; take place at negotiated prices, not at a the same for all purchases and Solicitation of Nominations for current offering price described in a redemptions and Deposit Instruments Appointment to Small Business Fund’s prospectus, and not at a price and Redemption Instruments will be Regional Regulatory Fairness Boards based on NAV. Applicants state that (a) valued in the same manner as those AGENCY: U.S. Small Business secondary market trading in shares does investment positions currently held by Administration (SBA). not involve a Fund as a party and will the Funds. Applicants also seek relief ACTION: Solicit nominations of owners, not result in dilution of an investment from the prohibitions on affiliated operators, and officers of small business in shares, and (b) to the extent different transactions in section 17(a) to permit a concerns to serve on 10 Regional prices exist during a given trading day, Fund to sell its shares to and redeem its or from day to day, such variances occur Regulatory Fairness Boards nationwide. shares from a Fund of Funds, and to as a result of third-party market forces, engage in the accompanying in-kind SUMMARY: The SBA Office of the such as supply and demand. Therefore, transactions with the Fund of Funds.3 National Ombudsman (ONO) is issuing applicants assert that secondary market The purchase of Creation Units by a this notice to solicit nominations of transactions in shares will not lead to Fund of Funds directly from a Fund will qualified owners, operators, and officers discrimination or preferential treatment be accomplished in accordance with the of small business concerns to be among purchasers. Finally, applicants policies of the Fund of Funds and will considered for appointment by the SBA represent that share market prices will be based on the NAVs of the Funds. Administrator as a member of a Small be disciplined by arbitrage 9. Section 6(c) of the Act permits the Business Regional Regulatory Fairness opportunities, which should prevent Commission to exempt any persons or Board (‘‘RegFair Board’’). shares from trading at a material transactions from any provision of the The RegFair Board members on the discount or premium from NAV. Act if such exemption is necessary or ten regional boards serve as advisors to 6. With respect to Funds that effect appropriate in the public interest and the National Ombudsman on regulatory creations and redemptions of Creation consistent with the protection of enforcement and compliance issues of Units in kind and that are based on investors and the purposes fairly concern to small business owners certain Underlying Indexes that include intended by the policy and provisions of within their respective regions and foreign securities, applicants request the Act. Section 12(d)(1)(J) of the Act surface those issues to the attention of relief from the requirement imposed by provides that the Commission may the National Ombudsman. Nominations section 22(e) in order to allow such exempt any person, security, or of qualified candidates are being sought Funds to pay redemption proceeds transaction, or any class or classes of to fill vacancies on the RegFair Boards. within fifteen calendar days following persons, securities, or transactions, from RegFair Board members are appointed the tender of Creation Units for any provision of section 12(d)(1) if the by, and serve at the pleasure of, the SBA redemption. Applicants assert that the exemption is consistent with the public Administrator for terms of no longer requested relief would not be interest and the protection of investors. than three years. The Administrator may inconsistent with the spirit and intent of Section 17(b) of the Act authorizes the section 22(e) to prevent unreasonable, reappoint an individual for additional Commission to grant an order undisclosed or unforeseen delays in the terms of service. permitting a transaction otherwise Board members serve without actual payment of redemption proceeds. prohibited by section 17(a) if it finds 7. Applicants request an exemption to compensation. They will, however, be that (a) the terms of the proposed permit Funds of Funds to acquire Fund reimbursed for authorized travel-related transaction are fair and reasonable and shares beyond the limits of section expenses at per diem rates established do not involve overreaching on the part 12(d)(1)(A) of the Act; and the Funds, by GSA when asked to perform official of any person concerned; (b) the and any principal underwriter for the duties as a Board member. proposed transaction is consistent with Funds, and/or any broker or dealer Authority: This notice was prepared registered under the Exchange Act, to 3 The requested relief would apply to direct sales in accordance with the Small Business sell shares to Funds of Funds beyond of shares in Creation Units by a Fund to a Fund of Regulatory Enforcement Fairness Act of sradovich on DSK3GMQ082PROD with NOTICES the limits of section 12(d)(1)(B) of the Funds and redemptions of those shares. Applicants, 1996 (SBREFA), (Pub. L. 104–121), Sec. moreover, are not seeking relief from section 17(a) 222. Act. The application’s terms and for, and the requested relief will not apply to, conditions are designed to, among other transactions where a Fund could be deemed an DATES: Nominations for membership on things, help prevent any potential (i) Affiliated Person, or a Second-Tier Affiliate, of a the RegFair Board will be accepted on Fund of Funds because an Adviser or an entity a rolling basis. undue influence over a Fund through controlling, controlled by or under common control control or voting power, or in with an Adviser provides investment advisory ADDRESSES: All nominations should be connection with certain services, services to that Fund of Funds. mailed to the Office of the National VerDate Sep<11>2014 17:57 Jul 03, 2017 Jkt 241001 PO 00000 Frm 00093 Fmt 4703 Sfmt 4703 E:\FR\FM\05JYN1.SGM 05JYN1

31132 Federal Register / Vol. 82, No. 127 / Wednesday, July 5, 2017 / Notices Ombudsman, U.S. Small Business Requirements for Nomination the following areas as adversely affected Administration, 409 3rd Street SW., Submission by the disaster: Washington, DC 20416, or emailed to Completed SBA Form 898: Interested Primary Counties: (Physical Damage and ombudsman@sba.gov. applicants must submit a completed Economic Injury Loans): Prairie, FOR FURTHER INFORMATION CONTACT: Ms. SBA Form 898. To download a copy of White, Woodruff. Cynthia Pope, Office of the National the form, please visit https:// Contiguous Counties: (Economic Injury Ombudsman, U.S. Small Business www.sba.gov/ombudsman/fairness- Loans Only): Arkansas, Monroe, Administration, 409 3rd Street SW., boards. Please note that a YES answer Saint Francis. Washington, DC 20416, Telephone: to any of the questions listed in Section All other information in the original (202) 401–299; Email: cynthia.pope@ 6 of the SBA Form 898 Advisory declaration remains unchanged. sba.gov. A copy of the RegFair Board Committee Membership Nominee (Catalog of Federal Domestic Assistance Charter and a list of current Board Information Form may deem a Number 59008) members may be obtained by contacting candidate ineligible to serve on a James E. Rivera, Ms. Pope. For more information on RegFair Board. Resume: Please include the nominee’s Associate Administrator for Disaster ONO, please visit our Web site, Assistance. www.sba.gov/ombudsman. contact information (including name, [FR Doc. 2017–14030 Filed 7–3–17; 8:45 am] mailing address, telephone numbers, SUPPLEMENTARY INFORMATION: As and email address) and a chronological BILLING CODE 8025–01–P established by the United States summary of the nominee’s experience Congress, the Small Business Regulatory and qualifications. Please do not submit Enforcement Fairness Act of 1996 a bio. SMALL BUSINESS ADMINISTRATION created ONO within the SBA and 10 Dated: June 27, 2017. Interest Rates Regional Regulatory Fairness Boards Richard W. Kingan, nationwide. Pursuant to the statute, The Small Business Administration ONO works with Federal agencies that SBA Committee Management Officer (Acting). publishes an interest rate called the have regulatory authority over small [FR Doc. 2017–14001 Filed 7–3–17; 8:45 am] optional ‘‘peg’’ rate (13 CFR 120.214) on businesses subjected to an audit, on-site BILLING CODE 8025–01–P a quarterly basis. This rate is a weighted inspection, fine or penalty, compliance average cost of money to the assistance effort, or other enforcement government for maturities similar to the related communication or contact by SMALL BUSINESS ADMINISTRATION average SBA direct loan. This rate may agency personnel with a vehicle to [Disaster Declaration # 15175 and # 15176; be used as a base rate for guaranteed comment on the enforcement actions. ARKANSAS Disaster Number AR–00094] fluctuating interest rate SBA loans. This Pursuant to SBREFA, the ONO is rate will be 2.625 percent for the July– Presidential Declaration Amendment of September quarter of FY 2017. authorized to establish, maintain, and a Major Disaster for the State of Pursuant to 13 CFR 120.921(b), the coordinate activities of 10 Regional ARKANSAS maximum legal interest rate for any Regulatory Fairness Boards. The ONO has RegFair Boards in each of SBA’s 10 AGENCY: U.S. Small Business third party lender’s commercial loan regions. Each Board is comprised of 5 Administration. which funds any portion of the cost of small business owners, operators, or a 504 project (see 13 CFR 120.801) shall ACTION: Amendment 1. officers. No more than three RegFair be 6% over the New York Prime rate or, Board Members per board may be of the SUMMARY: This is an amendment of the if that exceeds the maximum interest same political affiliation. All Board Presidential declaration of a major rate permitted by the constitution or members are appointed by the SBA disaster for the State of ARKANSAS laws of a given State, the maximum Administrator for three-year terms. (FEMA–4318–DR), dated 06/15/2017. interest rate will be the rate permitted Incident: Severe Storms, Tornadoes, by the constitution or laws of the given The purpose of the RegFair Boards is Straight-line Winds, and Flooding. State. to have leaders of small businesses advise and represent the National Incident Period: 04/26/2017 through Dianna L. Seaborn, Ombudsman on regulatory issues for 05/19/2017. Director, Office of Financial Assistance. small businesses in their respective DATES: Effective 06/28/2017. [FR Doc. 2017–14040 Filed 7–3–17; 8:45 am] regions. Each year, the RegFair Boards Physical Loan Application Deadline BILLING CODE P convene for an annual meeting to Date: 08/14/2017. discuss the state of affairs in Federal Eidl Loan Application Deadline Date: regulatory enforcement. The meeting 03/15/2018. SOCIAL SECURITY ADMINISTRATION also provides the ONO with the ADDRESSES: Submit completed loan opportunity to assess trends and new applications to: U.S. Small Business [Docket No: SSA–2017–0035] regulatory issues that impact small Administration, Processing and businesses in each region. Disbursement Center, 14925 Kingsport Agency Information Collection Road, Fort Worth, TX 76155. Activities: Proposed Request and Additionally, the RegFair Boards Comment Request work with the SBA District Offices and FOR FURTHER INFORMATION CONTACT: A. SBA Regional staff to communicate Escobar, Office of Disaster Assistance, The Social Security Administration sradovich on DSK3GMQ082PROD with NOTICES opportunities small businesses have to U.S. Small Business Administration, (SSA) publishes a list of information share their concerns regarding 409 3rd Street SW., Suite 6050, collection packages requiring clearance regulatory enforcement. This includes Washington, DC 20416, (202) 205–6734. by the Office of Management and promoting and providing small SUPPLEMENTARY INFORMATION: The notice Budget (OMB) in compliance with businesses with information regarding of the Presidential disaster declaration Public Law 104–13, the Paperwork RegFair Hearings and Roundtables for the State of ARKANSAS, dated 06/ Reduction Act of 1995, effective October within their respective regions. 15/2017 is hereby amended to include 1, 1995. This notice includes revisions VerDate Sep<11>2014 17:57 Jul 03, 2017 Jkt 241001 PO 00000 Frm 00094 Fmt 4703 Sfmt 4703 E:\FR\FM\05JYN1.SGM 05JYN1


Document Created: 2017-07-04 02:00:51
Document Modified: 2017-07-04 02:00:51
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
ActionSolicit nominations of owners, operators, and officers of small business concerns to serve on 10 Regional Regulatory Fairness Boards nationwide.
DatesNominations for membership on the RegFair Board will be accepted on a rolling basis.
ContactMs. Cynthia Pope, Office of the National Ombudsman, U.S. Small Business Administration, 409 3rd Street SW., Washington, DC 20416, Telephone: (202) 401-299; Email: [email protected] A copy of the RegFair Board Charter and a list of current Board members may be obtained by contacting Ms. Pope. For more information on ONO, please visit our Web site, www.sba.gov/ombudsman.
FR Citation82 FR 31131 
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