Small Business Investment Companies-Early Stage SBICs; Public Webinar, 69012 [2016-24031]

Download as PDF 69012 Federal Register / Vol. 81, No. 193 / Wednesday, October 5, 2016 / Proposed Rules SMALL BUSINESS ADMINISTRATION 13 CFR Part 107 Small Business Investment Companies—Early Stage SBICs; Public Webinar U.S. Small Business Administration. ACTION: Proposed rule; notice of public webinar. AGENCY: The U.S. Small Business Administration (SBA) announces that it is holding a public webinar regarding its Early Stage Small Business Investment Companies proposed rule, which was published on September 19, 2016. The webinar will describe the changes proposed in the rulemaking and answer questions regarding the proposed rule. DATES: The webinar will be held on October 12, 2016, at 1 p.m. EST. Attendees must pre-register by October 10, 2016, at 11:59 p.m. EST. ADDRESSES: Parties interested in attending the webinar must pre-register by sending an email request to SBA’s Office of Investment and Innovation at applySBIC@sba.gov, as further described in section III of the SUPPLEMENTARY INFORMATION section. FOR FURTHER INFORMATION CONTACT: Scott Schaefer, SBA Office of Investment and Innovation at (202) 205– 6514 or applySBIC@sba.gov. SUPPLEMENTARY INFORMATION: 19, 2016. In order to familiarize the public with the content of the Early Stage SBIC proposed rule, SBA will host a webinar on the proposed rule before the closing date. The webinar will be transcribed and become part of the administrative record for SBA’s consideration when the Agency deliberates on the final Early Stage SBIC regulations. II. Webinar Schedule mstockstill on DSK3G9T082PROD with PROPOSALS SUMMARY: I. Background Information The Early Stage SBIC program was launched in 2012 as a 5-year effort as part of President Obama’s Startup America Initiative. The intent of the Early Stage SBIC program was to license and provide SBA-guaranteed leverage to Early Stage SBICs that would focus on making investments in early stage small businesses. Although 62 investment funds applied to the program, few satisfied SBA’s licensing criteria. To date, SBA has only licensed five Early Stage SBICs. On September 19, 2016, SBA published a proposed rule regarding the Early Stage Small Business Investment Company (SBIC) program (81 FR 64075), which proposes to make the Early Stage SBIC program a permanent part of the SBIC program. In addition, the rule proposes changes to the Early Stage SBIC Program with respect to licensing, non-SBA borrowing, and leverage eligibility. The proposed Early Stage SBIC rule may be viewed at https:// www.regulations.gov/document?D=SBA2015-0002-0009. The comment period for the proposed rule closes on October VerDate Sep<11>2014 18:25 Oct 04, 2016 Jkt 241001 Webinar date and time October 12, 2016, 1 p.m. EST. Registration closing date October 10, 2016, 11:59 p.m. EST. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT 24 CFR Part 100 [Docket No. FR–5508–N–03] Application of the Fair Housing Act’s Discriminatory Effects Standard to Insurance Office of the Assistant Secretary for Fair Housing and Equal Opportunity, HUD. ACTION: Reconsideration of public comments; implementation of the Fair Housing Act’s Discriminatory Effects Standard. AGENCY: HUD is issuing this document to supplement its responses to certain insurance industry comments to HUD’s proposed rule implementing the Fair Housing Act’s (‘‘Act’’) discriminatory effects standard. These commenters requested, inter alia, total or partial exemptions or safe harbors from liability under the Act’s discriminatory effects standard. After careful reconsideration of the insurance industry comments in accordance with the court’s decision in Property Casualty Insurers Association of America (PCIAA) v. Donovan, HUD has determined that categorical exemptions or safe harbors for insurance practices are unworkable and inconsistent with the broad fair housing objectives and obligations embodied in the Act. HUD continues to believe that the commenters’ concerns regarding application of the discriminatory effects standard to insurance practices can and should be addressed on a case-by-case basis. DATES: Supplemental Responses issued on October 5, 2016. FOR FURTHER INFORMATION CONTACT: Jeanine Worden, Associate General Counsel for Fair Housing, Office of General Counsel, U.S. Department of Housing and Urban Development, 451 7th Street SW., Washington, DC 20410– 0500; (202) 402–5188 (this is not a tollfree number). Persons with hearing or speech impairments may contact this number via TTY by calling the toll-free Federal Relay Service at 800–877–8399. SUPPLEMENTARY INFORMATION: SUMMARY: The session is expected to last no more than 1 hour. III. Registration If you are interested in attending the webinar, you must pre-register by the registration closing date. To pre-register, send an email to applySBIC@sba.gov. In the body of the email, please provide the following: Participant’s Name, Title, Organization Affiliation, Address, Telephone Number, and Email Address. You must submit your email by the applicable registration closing date listed in this notice. Due to technological limitations, attendance is limited to 120 participants per session. If demand exceeds capacity for the webinar, SBA will hold another one. SBA will announce any additional sessions through a Federal Register document and on its Web site, www.sba.gov/inv/earlystage. SBA will confirm the registration via email along with instructions for participating. SBA will post any presentation materials associated with the webinar on the day of the webinar by 10 a.m. EST at www.sba.gov/inv/ earlystage. If there are specific questions you would like SBA to address in the webinar, SBA must receive them no later than October 9, 2016. Since the Early Stage SBIC regulations are in the proposed rulemaking stage, SBA will not be able to answer questions that are outside of clarification of the proposed rule. Mark L. Walsh, Associate Administrator for Investment and Innovation. [FR Doc. 2016–24031 Filed 10–4–16; 8:45 am] BILLING CODE 8025–01–P PO 00000 Background Title VIII of the Civil Rights Act of 1968, as amended (‘‘Fair Housing Act’’ or ‘‘Act’’), prohibits discrimination in the sale, rental, or financing of dwellings and in other housing-related activities on the basis of race, color, religion, sex, disability, familial status, or national origin.1 On November 16, 1 42 Frm 00004 Fmt 4702 Sfmt 4702 E:\FR\FM\05OCP1.SGM U.S.C. 3601–3619. 05OCP1

Agencies

[Federal Register Volume 81, Number 193 (Wednesday, October 5, 2016)]
[Proposed Rules]
[Page 69012]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-24031]



[[Page 69012]]

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SMALL BUSINESS ADMINISTRATION

13 CFR Part 107


Small Business Investment Companies--Early Stage SBICs; Public 
Webinar

AGENCY: U.S. Small Business Administration.

ACTION: Proposed rule; notice of public webinar.

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

SUMMARY: The U.S. Small Business Administration (SBA) announces that it 
is holding a public webinar regarding its Early Stage Small Business 
Investment Companies proposed rule, which was published on September 
19, 2016. The webinar will describe the changes proposed in the 
rulemaking and answer questions regarding the proposed rule.

DATES: The webinar will be held on October 12, 2016, at 1 p.m. EST. 
Attendees must pre-register by October 10, 2016, at 11:59 p.m. EST.

ADDRESSES: Parties interested in attending the webinar must pre-
register by sending an email request to SBA's Office of Investment and 
Innovation at applySBIC@sba.gov, as further described in section III of 
the SUPPLEMENTARY INFORMATION section.

FOR FURTHER INFORMATION CONTACT: Scott Schaefer, SBA Office of 
Investment and Innovation at (202) 205-6514 or applySBIC@sba.gov.

SUPPLEMENTARY INFORMATION: 

I. Background Information

    The Early Stage SBIC program was launched in 2012 as a 5-year 
effort as part of President Obama's Startup America Initiative. The 
intent of the Early Stage SBIC program was to license and provide SBA-
guaranteed leverage to Early Stage SBICs that would focus on making 
investments in early stage small businesses. Although 62 investment 
funds applied to the program, few satisfied SBA's licensing criteria. 
To date, SBA has only licensed five Early Stage SBICs.
    On September 19, 2016, SBA published a proposed rule regarding the 
Early Stage Small Business Investment Company (SBIC) program (81 FR 
64075), which proposes to make the Early Stage SBIC program a permanent 
part of the SBIC program. In addition, the rule proposes changes to the 
Early Stage SBIC Program with respect to licensing, non-SBA borrowing, 
and leverage eligibility.
    The proposed Early Stage SBIC rule may be viewed at https://www.regulations.gov/document?D=SBA-2015-0002-0009. The comment period 
for the proposed rule closes on October 19, 2016. In order to 
familiarize the public with the content of the Early Stage SBIC 
proposed rule, SBA will host a webinar on the proposed rule before the 
closing date. The webinar will be transcribed and become part of the 
administrative record for SBA's consideration when the Agency 
deliberates on the final Early Stage SBIC regulations.

II. Webinar Schedule

------------------------------------------------------------------------
           Webinar date and time              Registration closing date
------------------------------------------------------------------------
October 12, 2016, 1 p.m. EST..............  October 10, 2016, 11:59 p.m.
                                             EST.
------------------------------------------------------------------------

    The session is expected to last no more than 1 hour.

III. Registration

    If you are interested in attending the webinar, you must pre-
register by the registration closing date. To pre-register, send an 
email to applySBIC@sba.gov. In the body of the email, please provide 
the following: Participant's Name, Title, Organization Affiliation, 
Address, Telephone Number, and Email Address. You must submit your 
email by the applicable registration closing date listed in this 
notice.
    Due to technological limitations, attendance is limited to 120 
participants per session. If demand exceeds capacity for the webinar, 
SBA will hold another one. SBA will announce any additional sessions 
through a Federal Register document and on its Web site, www.sba.gov/inv/earlystage.
    SBA will confirm the registration via email along with instructions 
for participating. SBA will post any presentation materials associated 
with the webinar on the day of the webinar by 10 a.m. EST at 
www.sba.gov/inv/earlystage.
    If there are specific questions you would like SBA to address in 
the webinar, SBA must receive them no later than October 9, 2016. Since 
the Early Stage SBIC regulations are in the proposed rulemaking stage, 
SBA will not be able to answer questions that are outside of 
clarification of the proposed rule.

Mark L. Walsh,
Associate Administrator for Investment and Innovation.
[FR Doc. 2016-24031 Filed 10-4-16; 8:45 am]
 BILLING CODE 8025-01-P
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