Small Business Rule Changes — Friday, October 6, 2023

Vol. 1 · No. 360 — Friday, October 6, 2023

Small business rule changes: 3 entries flagged for owners.

Owner-readable summary of Federal Register, SBA, DOL, OFAC, and compliance updates published on Friday, October 6, 2023. Scanned 3 source documents matching small-business terms; 3 warranted a closer look.

Compliance checklist How to read the Register

Small Business Administration· Rule

ALP Express Pilot Program

SUMMARY: SBA is introducing a new pilot loan program (ALP Express Pilot) to provide to Certified Development Companies (CDCs) participating in the Accredited Lenders Program (ALP) increased delegated authority for 504 loans of $500,000 or less. These increased delegated authorities (ALP Express authority) were…

Owner check — SBA action: confirm whether financing, disaster assistance, eligibility, or SBIC exposure changes for your business.

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Committee for Purchase From People Who Are Blind or Severely Disabled· Notice

Procurement List; Proposed Deletions

SUMMARY: The Committee is proposing to delete product(s) from the Procurement List that were furnished by nonprofit agencies employing persons who are blind or have other severe disabilities.

Owner check — Save the source link and verify whether this changes costs, compliance, financing, vendors, customers, or operations.

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Department of the Treasury· Notice

Notice of OFAC Sanctions Actions

SUMMARY: The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing the name of one or more persons that have been placed on OFAC's Specially Designated Nationals and Blocked Persons List (SDN List) based on OFAC's determination that one or more applicable legal criteria were…

Owner check — Sanctions/trade action: re-screen vendors, customers, owners, and foreign counterparties before transactions.

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