[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 [www.gpo.gov]
[FR Doc No: 2023-17456]


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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.

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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, [email protected].

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 
[email protected] 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