[Federal Register Volume 88, Number 182 (Thursday, September 21, 2023)]
[Notices]
[Pages 65222-65223]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-20495]


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

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 
Small Business Administration (SBA) to the Agency 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 
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 Licensing Committee.
    The Agency Licensing Committee shall be composed of the following 
members:


[[Page 65223]]


Associate Administrator for Investment and Innovation (Committee Chair)
General Counsel
Associate Administrator for Capital Access
Associate Administrator for Field Operations
Chief Financial Officer
Administrator Appointed Observer(s) *

    * Administrator may appoint observers within the agency or from 
agencies with whom SBA has formally entered into an SBIC interagency 
partnership initiative through a Memorandum of Understanding or 
Agreement.
    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 Licensing Committee is 
absent from the office 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 Licensing Committee is 
vacant, the individual serving in that position in an acting capacity 
shall serve on the Agency Licensing Committee. Finally, in the event 
the Administrator is recused on an application recommended for approval 
by the Agency Licensing Committee, the Deputy Administrator shall be 
delegated authority for final ratification. This authority will remain 
in effect until revoked in writing by the Administrator or by operation 
of law.

    Dated: September 18, 2023.
Bailey DeVries,
Associate Administrator, Office of Investment and Innovation.
[FR Doc. 2023-20495 Filed 9-20-23; 8:45 am]
BILLING CODE 8026-09-P