[Federal Register Volume 86, Number 213 (Monday, November 8, 2021)]
[Notices]
[Page 61822]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-24344]


=======================================================================
-----------------------------------------------------------------------

SMALL BUSINESS ADMINISTRATION


Delegation of Authority

AGENCY: U.S. Small Business Administration.

ACTION: Notice of delegation of authority.

-----------------------------------------------------------------------

SUMMARY: This document provides the public with notice of the 
delegation of authority for certain activities related to the licensing 
of small business investment companies by the Administrator of the U.S. 
Small Business Administration (SBA) to the Agency SBIC Licensing 
Committee.

FOR FURTHER INFORMATION CONTACT: Arthur Spivey, Office of Investment 
and Innovation, U.S. Small Business Administration, 409 3rd Street SW, 
Washington, DC 20416; (202) 205-7098 or [email protected].

SUPPLEMENTARY INFORMATION: This document provides the public with 
notice of the Administrator's delegation of authority to the Agency 
SBIC Licensing Committee to review and recommend to the Administrator 
for approval applications for licenses to operate as a small business 
investment company under the Small Business Investment Act of 1958, as 
amended.
    This delegation of authority reads as follows:
    Pursuant to the authority vested in me pursuant to section 301 of 
the Small Business Investment Act of 1958, as amended, the authority to 
take any and all actions necessary to review applications for licensing 
under section 301 of the Small Business Investment Act of 1958, as 
amended, and to recommend to the Administrator which such applications 
should be approved is delegated to the Agency SBIC Licensing Committee 
(as defined in SBA Standard Operating Procedure 10 04 01, effective 
Aug. 6, 2014, Processing Applications for SBIC Licenses).
    The Agency SBIC Licensing Committee shall be composed of the 
following members:

Chief of Staff, Chair
Associate Administrator for Capital Access
Associate Administrator for Investment and Innovation
General Counsel
Deputy General Counsel
Chief Financial Officer

    This authority revokes all other authorities granted by the 
Administrator to recommend and approve applications for a license to 
operate as a small business investment company under the Small Business 
Investment Act of 1958, as amended. This authority may not be re-
delegated; however, in the event that the person serving in one of the 
positions listed as a member of the Agency SBIC Licensing Committee is 
absent from the office, as defined in SBA Standard Operating Procedure 
00 01 3 (effective April 17, 2018), Chapter VI.B., or is unable to 
perform the functions and duties of his or her position, the individual 
serving in an acting capacity, pursuant to a written and established 
line of succession, may serve on the Committee during such absence or 
inability. In addition, if one of the positions listed as a member of 
the Agency SBIC Licensing Committee is vacant, the individual serving 
in that position in an acting capacity shall serve on the Agency SBIC 
Licensing Committee. This authority will remain in effect until revoked 
in writing by the Administrator or by operation of law.

Isabella Casillas Guzman,
Administrator.
[FR Doc. 2021-24344 Filed 11-5-21; 8:45 am]
BILLING CODE P