Rule2023-17456
Small Business Investment Company Investment Diversification and Growth; Public 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
August 17, 2023
Issuing agencies
Small Business Administration
Abstract
The SBA is holding a webinar to update the public on new regulations governing the Small Business Investment Company (SBIC) program contained in the final rule titled Small Business Investment Company Investment Diversification and Growth that goes into effect on August 17, 2023.
Full Text
<html>
<head>
<title>Federal Register, Volume 88 Issue 158 (Thursday, August 17, 2023)</title>
</head>
<body><pre>
[Federal Register Volume 88, Number 158 (Thursday, August 17, 2023)]
[Rules and Regulations]
[Page 55913]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-17456]
=======================================================================
-----------------------------------------------------------------------
SMALL BUSINESS ADMINISTRATION
13 CFR Parts 107 and 121
Small Business Investment Company Investment Diversification and
Growth; Public Webinar
AGENCY: U.S. Small Business Administration (SBA).
ACTION: Notification of public webinar on program reforms.
-----------------------------------------------------------------------
SUMMARY: The SBA is holding a webinar to update the public on new
regulations governing the Small Business Investment Company (SBIC)
program contained in the final rule titled Small Business Investment
Company Investment Diversification and Growth that goes into effect on
August 17, 2023.
DATES: The public webinar will be held on Monday, August 28, 2023, from
4 to 5 p.m. Eastern Time.
ADDRESSES: The Small Business Investment Company Investment
Diversification and Growth Final Rule Public 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 Shalei Holway, SBA, Office of
Investment & Innovation (OII), (202) 941-1158, <a href="/cdn-cgi/l/email-protection#b8d1d6ceddcbccd1d6d6d7ced9ccddf8cbdad996dfd7ce"><span class="__cf_email__" data-cfemail="076e69716274736e696968716673624774656629606871">[email protected]</span></a>.
SUPPLEMENTARY INFORMATION:
I. Background
On July 18, 2023, the U.S. Small Business Administration (``SBA''
or ``Agency'') published a notice of final rulemaking 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. The proposed
rule introduced an additional type of SBIC (``Accrual SBICs'') to
increase program investment diversification and patient capital
financing for Small Businesses, modernize rules to lower financial
barriers to program participation, and incorporate the statutory
requirements of the Spurring Business in Communities Act of 2017, which
was enacted on December 19, 2018. The final rule will go into effect
August 17, 2023. More information about the final rule can be found
here.
II. Questions
For the public webinar, OII strongly encourages that questions be
submitted in advance by August 24, 2023. Individuals may email
<a href="/cdn-cgi/l/email-protection#40292e36253334292e2e2f36213425003322216e272f36"><span class="__cf_email__" data-cfemail="066f68706375726f686869706772634675646728616970">[email protected]</span></a> with subject line--``[Name/Organization]
Question for 08/28/23 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. Information on Service for Individuals With Disabilities
For information on services for individuals with disabilities or to
request special assistance, contact Shalei Holway at the telephone
number or email address indicated under the FOR FURTHER INFORMATION
CONTACT section of this document.
Bailey DeVries,
Associate Administrator, Office of Investment & Innovation, U.S. Small
Business Administration.
[FR Doc. 2023-17456 Filed 8-16-23; 8:45 am]
BILLING CODE 8026-09-P
</pre><script data-cfasync="false" src="/cdn-cgi/scripts/5c5dd728/cloudflare-static/email-decode.min.js"></script></body>
</html>Indexed from Federal Register on August 17, 2023.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.