Rule2024-05266
SBA Reinvestor (“Fund-of-Funds”) Small Business Investment Company (SBIC) License Educational 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
March 13, 2024
Issuing agencies
Small Business Administration
Abstract
The SBA is holding a webinar to educate the public on the new Reinvestor SBIC License introduced to the market as part of the SBIC Investment Diversification and Growth Final Rule that went into effect on August 17, 2023.
Full Text
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<title>Federal Register, Volume 89 Issue 50 (Wednesday, March 13, 2024)</title>
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[Federal Register Volume 89, Number 50 (Wednesday, March 13, 2024)]
[Rules and Regulations]
[Page 18341]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-05266]
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Rules and Regulations
Federal Register
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This section of the FEDERAL REGISTER contains regulatory documents
having general applicability and legal effect, most of which are keyed
to and codified in the Code of Federal Regulations, which is published
under 50 titles pursuant to 44 U.S.C. 1510.
The Code of Federal Regulations is sold by the Superintendent of Documents.
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Federal Register / Vol. 89, No. 50 / Wednesday, March 13, 2024 /
Rules and Regulations
[[Page 18341]]
SMALL BUSINESS ADMINISTRATION
13 CFR Parts 107 and 121
SBA Reinvestor (``Fund-of-Funds'') Small Business Investment
Company (SBIC) License Educational Public Webinar
AGENCY: U.S. Small Business Administration (SBA).
ACTION: Notification of public webinar.
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SUMMARY: The SBA is holding a webinar to educate the public on the new
Reinvestor SBIC License introduced to the market as part of the SBIC
Investment Diversification and Growth Final Rule that went into effect
on August 17, 2023.
DATES: The public webinar will be held on Friday, March 22, 2024, from
1 p.m. to 2 p.m. Eastern Time.
ADDRESSES: Information about applying for and managing a Reinvestor
(``fund-of-funds'') SBIC License. The 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 Gretchen Kittel, SBA, Office of
Investment & Innovation (OII), (202) 578-5502, <a href="/cdn-cgi/l/email-protection#d5bcbba3b0a6a1bcbbbbbaa3b4a1b095a6b7b4fbb2baa3"><span class="__cf_email__" data-cfemail="8be2e5fdeef8ffe2e5e5e4fdeaffeecbf8e9eaa5ece4fd">[email protected]</span></a>.
SUPPLEMENTARY INFORMATION:
I. Background
On August 17, 2023, the U.S. Small Business Administration
(``SBA'') implemented new regulations for the Small Business Investment
Company (``SBIC'') program as part of the SBIC Investment
Diversification and Growth rulemaking. The new regulations
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 two additional types of SBIC Licensees, Reinvestor SBICs and
Accrual SBICs, to increase program investment diversification and
equity-oriented financing for American small businesses and innovative
startups. Reinvestor SBICs expand SBA's network of emerging fund
managers, micro-funds, and funds addressing underserved communities and
geographies and undercapitalized industries.
II. Questions
For the public webinar, OII strongly encourages questions be
submitted in advance by March 20, 2024. Individuals may email
<a href="/cdn-cgi/l/email-protection#7d14130b180e09141313120b1c09183d0e1f1c531a120b"><span class="__cf_email__" data-cfemail="96fff8e0f3e5e2fff8f8f9e0f7e2f3d6e5f4f7b8f1f9e0">[email protected]</span></a> with subject line--``[Name/Organization]
Question for 03/22/24 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 Gretchen Kittel at the telephone
number or email address indicated under the FOR FURTHER INFORMATION
CONTACT section of this notice.
Bailey DeVries,
Associate Administrator, Office of Investment & Innovation, U.S. Small
Business Administration.
[FR Doc. 2024-05266 Filed 3-12-24; 8:45 am]
BILLING CODE 8026-09-P
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