Section 1001 of the American Recovery
Act of 2021, P.L. 117-2 provided funding for fiscal year 2022
(FY22) to the Secretary of Agriculture to provide assistance to
maintain and improve food and agricultural supply chain resiliency.
The purpose of the Food Supply Chain (FSC) Guaranteed loan is to
make funds available to qualified applicants and projects to
facilitate financing for the start-up or expansion of activities in
the middle of the food supply chain, particularly the aggregation,
processing, manufacturing, storing, transporting, wholesaling, or
distribution of food, to increase capacity and help create a more
resilient, diverse, and secure U.S. food supply chain.
The reduction in estimated
burden hours and time burden is the slow ramp-up of this program.
The Agency has heard repeatedly that applicants are interested in
the program but are unable to find lenders that are interested or
understand the business line. While application numbers are slowly
increasing, the Agency felt it prudent to reduce respondent numbers
which spilled to all aspects of the collection and ultimately
reduced the annual time burden.
$1,224,855
No
No
No
No
No
No
Yes
Susan Woolard 202 720-9631
susan.woolard@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.