SBA Reinvestor (“Fund-of-Funds”) Small Business Investment Company (SBIC) License Educational Public Webinar

• Published date: 13 March 2024
• Record Number: 2024-05266
• Citation: 89 FR 18341
• Court: Small Business Administration
• Section: Rules and Regulations

Federal Register, Volume 89 Issue 50 (Wednesday, March 13, 2024)

[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
                 Federal Register
                ________________________________________________________________________
                This section of the FEDERAL REGISTER contains regulatory documents
                having general applicability and legal effect, most of which are keyed
                to and codified in the Code of Federal Regulations, which is published
                under 50 titles pursuant to 44 U.S.C. 1510.
                The Code of Federal Regulations is sold by the Superintendent of Documents.
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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