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For that reason, SBA has established this rule has no federalism implications warranting preparation of the federalism assessment.
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Extending the PPP lender information retention prerequisites will ensure that PPP loan documents remain available to legislation enforcement although they continue on to investigate and prosecute PPP fraud over the expanded 10-12 months statute of restrictions time period approved because of the Harmonization Act.
If SBA ended up to Stick to the progress notice-and-general public-comment system, that could hold off issuance in the rule by not less than 3 months, throughout which era records that have to be preserved for regulation enforcement needs are at risk of reduction.
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