[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 [www.gpo.gov]
[FR Doc No: 2024-05266]



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 Rules and Regulations
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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, [email protected].

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 
[email protected] 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