Proposed Rule2022-24714
SBA Small Business Investment Company (SBIC) Proposed Regulations Webinar
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
November 14, 2022
Issuing agencies
Small Business Administration
Abstract
The SBA is holding a webinar to update the public on proposed regulations to the Small Business Investment Company (SBIC) program contained in the proposed rule titled Small Business Investment Company Investment Diversification and Growth.
Full Text
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<title>Federal Register, Volume 87 Issue 218 (Monday, November 14, 2022)</title>
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[Federal Register Volume 87, Number 218 (Monday, November 14, 2022)]
[Proposed Rules]
[Page 68109]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-24714]
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Proposed Rules
Federal Register
________________________________________________________________________
This section of the FEDERAL REGISTER contains notices to the public of
the proposed issuance of rules and regulations. The purpose of these
notices is to give interested persons an opportunity to participate in
the rule making prior to the adoption of the final rules.
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Federal Register / Vol. 87, No. 218 / Monday, November 14, 2022 /
Proposed Rules
[[Page 68109]]
SMALL BUSINESS ADMINISTRATION
13 CFR Parts 107 and 121
SBA Small Business Investment Company (SBIC) Proposed Regulations
Webinar
AGENCY: U.S. Small Business Administration (SBA).
ACTION: Notification of webinar on proposed regulations.
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SUMMARY: The SBA is holding a webinar to update the public on proposed
regulations to the Small Business Investment Company (SBIC) program
contained in the proposed rule titled Small Business Investment Company
Investment Diversification and Growth.
DATES: The public webinar will be held on Monday, 11/28/2022, from 4 to
5 p.m. Eastern Time.
ADDRESSES: The Small Business Investment Company Investment
Diversification and Growth Proposed Regulations Webinar will be live
streamed on Microsoft Teams for the public.
FOR FURTHER INFORMATION CONTACT: The meeting will be live streamed to
the public, and anyone wishing to attend or needing accommodations
because of a disability can contact Nathaniel Putnam, SBA, Office of
Investment & Innovation (OII), (202)714-1632, <a href="/cdn-cgi/l/email-protection#f997988d919897909c95d7898c8d979894b98a9b98d79e968f"><span class="__cf_email__" data-cfemail="cba5aabfa3aaa5a2aea7e5bbbebfa5aaa68bb8a9aae5aca4bd">[email protected]</span></a>.
SUPPLEMENTARY INFORMATION:
I. Background
The U.S. Small Business Administration (``SBA'' or ``Agency'') is
proposing to revise the regulations for the Small Business Investment
Company (``SBIC'') program to significantly reduce barriers to program
participation for new SBIC fund managers and funds investing in
underserved communities and geographies, capital intensive investments,
and technologies critical to national security and economic
development. This proposed rule, Small Business Investment Company
Investment Diversification and Growth, 87 FR 63436, introduces an
additional type of SBIC (``Accrual SBICs'') to increase program
investment diversification and patient capital financing for small
businesses and modernize rules to lower financial barriers to program
participation. This proposed rule will help SBA implement the Executive
order (``E.O.''), Advancing Racial Equity and Support for Underserved
Communities Through the Federal Government, by reducing financial and
administrative barriers to participate in the SBIC program and
modernizing the program's license offerings to align with a more
diversified set of private funds investing in underserved small
businesses. The proposed rule also incorporates the statutory
requirements of the Spurring Business in Communities Act of 2017, which
was enacted on December 19, 2018. More information about the proposed
regulation can be found here.
II. Questions
For the public webinar, OII strongly encourages that questions be
submitted in advance by November 25, 2022. Individuals may email
<a href="/cdn-cgi/l/email-protection#543d3a223127203d3a3a3b22352031142736357a333b22"><span class="__cf_email__" data-cfemail="0f6661796a7c7b66616160796e7b6a4f7c6d6e21686079">[email protected]</span></a> with subject line--``[Name/Organization]
Question for 11/28/22 Public Webinar.'' During the live event,
attendees will be in listen-only mode and may submit additional
questions via the Q&A Chat feature.
III. Comments on the Proposed Regulations
Comments on the proposed rule may be submitted on or before
December 19th, 2022, at <a href="http://www.regulations.gov">www.regulations.gov</a>. SBA will analyze any
written comments received and respond to all comments in the final
rule. However, during the public webinar, SBA officials will not
provide responses to public comment or suggestions on the proposed
rule. SBA requests that commenters focus on SBA's October 19, 2022,
proposed rulemaking and the impacted regulations therein. SBA requests
that commenters do not raise issues pertaining to issues not covered
under the proposed rule, or issues outside the scope of the rule.
IV. Information on Service for Individuals With Disabilities
For information on services for individuals with disabilities or to
request special assistance contact Nathaniel Putnam at the telephone
number or email address indicated under the FOR FURTHER INFORMATION
CONTACT section of this notice.
Michele Schimpp,
Deputy Associate Administrator, Office of Investment & Innovation, U.S.
Small Business Administration.
[FR Doc. 2022-24714 Filed 11-10-22; 8:45 am]
BILLING CODE 8026-09-P
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