American Rescue Plan Act of 2021 Section 1005 Loan Payment (ARPA)

ICR 202109-0560-001

OMB: 0560-0300

Federal Form Document

IC Document Collections
ICR Details
0560-0300 202109-0560-001
Received in OIRA 202105-0560-005
USDA/FSA
American Rescue Plan Act of 2021 Section 1005 Loan Payment (ARPA)
Extension without change of a currently approved collection   No
Regular 10/26/2021
  Requested Previously Approved
36 Months From Approved 11/30/2021
24,000 24,000
6,000 6,000
0 0

ARPA was signed into law by President Joseph Biden to implement Section 1005 of ARPA in order to pay up to 120 percent of eligible FSA direct and guaranteed Farm Loan Programs and Farm Storage Facility Loan Program loan balances as of January 1, 2021, to the FSA borrowers who belong to socially disadvantaged groups as defined in section 2501(a) of the Food, Agriculture Conservation, and Trade Act of 1990 (7 U.S.C. 2279(a)). Section 1005 of ARPA applies only to the borrowers who identify as American Indian, Alaskan Native, Asian, Black, African American, Native Hawaiian, or Pacific Islander by race and/or Hispanic or Latino by ethnicity as noted in the record. This program will be implemented through a Notice of Funding Availability to be published in the Federal Register.

PL: Pub.L. 117 - 2 1005 Name of Law: American Rescue Plan Act of 2021
  
None

Not associated with rulemaking

  86 FR 28329 05/26/2021
86 FR 58859 10/25/2021
No

1
IC Title Form No. Form Name
American Rescue Plan Act of 2021 Section 1005 Loan Payment (ARPA) FSA-2601 - Individual AMERICAN RESCUE PLAN ACT OF 2021 SECTION 1005 LOAN PAYMENT (ARPA)

  Total Request Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 24,000 24,000 0 0 0 0
Annual Time Burden (Hours) 6,000 6,000 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$855,860
No
    No
    Yes
No
No
No
Yes
Mary Ann Ball 202-720-4283 MaryAnn.Ball@usda.gov

  No

On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
 
 
 
 
 
 
 
    (i) Why the information is being collected;
    (ii) Use of information;
    (iii) Burden estimate;
    (iv) Nature of response (voluntary, required for a benefit, or mandatory);
    (v) Nature and extent of confidentiality; and
    (vi) Need to display currently valid OMB control number;
 
 
 
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
10/26/2021


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