[Federal Register Volume 87, Number 218 (Monday, November 14, 2022)]
[Proposed Rules]
[Page 68109]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-24714]


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 Proposed Rules
                                                 Federal Register
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 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, [email protected].

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 
[email protected] 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 www.regulations.gov. 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