# Regulatory Reform Initiative: Streamlining and Modernizing the 7(a), Microloan, and 504 Loan Programs To Reduce Unnecessary Regulatory Burden
> **US Small Business Administration** · Final rule. · Published 2022-06-30 · Effective 2022-08-01 · 87 FR 38900
## Document
- **Document number:** 2022-13483
- **Category:** final-rule
- **Agency:** US Small Business Administration
- **Federal Register citation:** 87 FR 38900
- **CFR reference:** 13 CFR 120
- **Publication date:** 2022-06-30
- **Effective date:** 2022-08-01
## Abstract

This final rule removes or revises various regulations governing the agency's business loan programs that are obsolete, unnecessary, ineffective, or burdensome. This final rule also makes several technical amendments to incorporate recent statutory changes and other non-substantive changes. In addition, because this final rule removes a regulation that is cross-referenced in a regulation in SBA's Disaster Loan Program, this rule makes one conforming change to the regulation in the Disaster Loan Program.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2022/06/30/2022-13483/regulatory-reform-initiative-streamlining-and-modernizing-the-7a-microloan-and-504-loan-programs-to)
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