Notice Seeking Exemption Under Section 312 of the Small Business Investment Act, Conflicts of Interest: Propel Venture Partners US Fund I, L.P., 50208-50209 [2017-23499]

Download as PDF 50208 Federal Register / Vol. 82, No. 208 / Monday, October 30, 2017 / Notices SMALL BUSINESS ADMINISTRATION National Small Business Development Centers Advisory Board Small Business Administration. Notice of open Federal Advisory Committee meetings. AGENCY: ACTION: The SBA is issuing this notice to announce the location, date, time and agenda for November meeting of the Federal Advisory Committee for the Small Business Development Centers Program. The meeting will be open to the public; however, advance notice of attendance is required. DATES: Tuesday, November 14, 2017, at 1:00 p.m. EST. ADDRESSES: Meeting will be held via conference call. FOR FURTHER INFORMATION CONTACT: Monika Nixon, Office of Small Business Development Center, U.S. Small Business Administration, 409 Third Street SW., Washington, DC 20416; monika.nixon@.sba.gov; (202) 205– 7310. If anyone wishes to be a listening participant or would like to request accommodations, please contact Monika Nixon at the information above. SUPPLEMENTARY INFORMATION: Pursuant to section 10(a) of the Federal Advisory Committee Act (5 U.S.C. Appendix 2), SBA announces the meetings of the National SBDC Advisory Board. This Board provides advice and counsel to the SBA Administrator and Associate Administrator for Small Business Development Centers. The purpose of the meetings is to discuss the following issues pertaining to the SBDC Program: SBA Update Annual Meetings Board Assignments Member Roundtable SUMMARY: Richard Kingan, Acting White House Liaison. BILLING CODE P SMALL BUSINESS ADMINISTRATION [Disaster Declaration #15302 and #15303; FLORIDA Disaster Number FL–00130] sradovich on DSK3GMQ082PROD with NOTICES Presidential Declaration Amendment of a Major Disaster for the State of Florida U.S. Small Business Administration. ACTION: Amendment 6. AGENCY: This is an amendment of the Presidential declaration of a major disaster for the State of Florida (FEMA—4337—DR), dated 09/10/2017. SUMMARY: 17:59 Oct 27, 2017 (Catalog of Federal Domestic Assistance Number 59008) James E. Rivera, Associate Administrator for Disaster Assistance. [FR Doc. 2017–23508 Filed 10–27–17; 8:45 am] BILLING CODE 8025–01–P SMALL BUSINESS ADMINISTRATION [Disaster Declaration # 15324 and # 15325; Florida Disaster Number FL–00131] Presidential Declaration Amendment of a Major Disaster for Public Assistance Only for the State of Florida U.S. Small Business Administration. ACTION: Amendment 3. AGENCY: This is an amendment of the Presidential declaration of a major disaster for Public Assistance Only for the State of Florida (FEMA–4337–DR), dated 09/21/2017. Incident: Hurricane Irma. Incident Period: 09/04/2017 through 10/18/2017. DATES: Issued on 10/20/2017. Physical Loan Application Deadline Date: 11/20/2017. Economic Injury (EIDL) Loan Application Deadline Date: 06/21/2018. ADDRESSES: Submit completed loan applications to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155. FOR FURTHER INFORMATION CONTACT: A. Escobar, Office of Disaster Assistance, SUMMARY: [FR Doc. 2017–23337 Filed 10–27–17; 8:45 am] VerDate Sep<11>2014 Incident: Hurricane Irma. Incident Period: 09/04/2017 through 10/18/2017. DATES: Issued on 10/20/2017. Physical Loan Application Deadline Date: 11/09/2017. Economic Injury (EIDL) Loan Application Deadline Date: 06/11/2018. ADDRESSES: Submit completed loan applications to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155. FOR FURTHER INFORMATION CONTACT: A. Escobar, Office of Disaster Assistance, U.S. Small Business Administration, 409 3rd Street SW., Suite 6050, Washington, DC 20416, (202) 205–6734. SUPPLEMENTARY INFORMATION: The notice of the President’s major disaster declaration for the State of FLORIDA, dated 09/10/2017, is hereby amended to establish the incident period for this disaster as beginning 09/04/2017 through 10/18/2017. All other information in the original declaration remains unchanged. Jkt 244001 PO 00000 Frm 00093 Fmt 4703 Sfmt 4703 U.S. Small Business Administration, 409 3rd Street SW., Suite 6050, Washington, DC 20416, (202) 205–6734. SUPPLEMENTARY INFORMATION: The notice of the President’s major disaster declaration for Private Non-Profit organizations in the State of Florida, dated 09/21/2017, is hereby amended to establish the incident period for this disaster as beginning 09/04/2017 through 10/18/2017. All other information in the original declaration remains unchanged. (Catalog of Federal Domestic Assistance Number 59008) James E. Rivera, Associate Administrator for Disaster Assistance. [FR Doc. 2017–23506 Filed 10–27–17; 8:45 am] BILLING CODE 8025–01–P SMALL BUSINESS ADMINISTRATION [License No. 09/09–0481] Notice Seeking Exemption Under Section 312 of the Small Business Investment Act, Conflicts of Interest: Propel Venture Partners US Fund I, L.P. Notice is hereby given that Propel Venture Partners US Fund, L.P., 201 Mission Street, 25th Floor, San Francisco, CA 94105, a Federal Licensee under the Small Business Investment Act of 1958, as amended (‘‘the Act’’), in connection with the financing of a small concerns, has sought an exemption under Section 312 of the Act and section 107.730, Financings which Constitute Conflicts of Interest of the Small Business Administration (‘‘SBA’’) Rules and Regulations (13 CFR 107.730). Propel Venture Partners US Fund, L.P. proposes to purchase common stock of Kasisto, Inc. from BBVA Compass Bancshares, Inc. (‘‘BBVA’’). Kasisto has requested the transaction because it prefers the shares to be held by a venture investor who will support the continued growth of the company. The proposed transaction is brought within the purview of section 107.730 of the Regulations because BBVA is the sole owner of Propel Venture Partners US Fund, L.P. BBVA is considered an Associate of Propel Venture Partners US Fund, L.P. pursuant to section 107.50. Therefore, the proposed transaction is considered self-deal pursuant to 13 CFR 107.730 and requires a regulatory exemption. Notice is hereby given that any interested person may submit written comments on the transaction within fifteen days of the date of this publication to Associate Administrator for Investment, U.S. Small Business E:\FR\FM\30OCN1.SGM 30OCN1 Federal Register / Vol. 82, No. 208 / Monday, October 30, 2017 / Notices Administration, 409 Third Street SW., Washington, DC 20416. Dated: October 23, 2017. A. Joseph Shepard, Associate Administrator for Investment and Innovation. [FR Doc. 2017–23499 Filed 10–27–17; 8:45 am] BILLING CODE P SOCIAL SECURITY ADMINISTRATION [Docket No. SSA–2017–0053] Cost-of-Living Increase and Other Determinations for 2018 Social Security Administration. ACTION: Notice. AGENCY: Under title II of the Social Security Act (Act), there will be a 2.0 percent cost-of-living increase in Social Security benefits effective December 2017. In addition, the national average wage index for 2016 is $48,664.73. The cost-of-living increase and national average wage index affect other program parameters as described below. FOR FURTHER INFORMATION CONTACT: Susan C. Kunkel, Office of the Chief Actuary, Social Security Administration, 6401 Security Boulevard, Baltimore, MD 21235, (410) 965–3000. Information relating to this announcement is available on our Internet site at www.socialsecurity.gov/ oact/cola/. For information on eligibility or claiming benefits, call 1–800–772–1213 (TTY 1–800–325– 0778), or visit our Internet site at www.socialsecurity.gov. SUPPLEMENTARY INFORMATION: Because of the 2.0 percent cost-of-living increase, the following items will increase for 2018: (1) The maximum Federal Supplemental Security Income (SSI) monthly payment amounts for 2018 under title XVI of the Act will be $750 for an eligible individual, $1,125 for an eligible individual with an eligible spouse, and $376 for an essential person; (2) The special benefit amount under title VIII of the Act for certain World War II veterans will be $562.50 for 2018; (3) The student earned income exclusion under title XVI of the Act will be $1,820 per month in 2018, but not more than $7,350 for all of 2018; (4) The dollar fee limit for services performed as a representative payee will be $42 per month ($80 per month in the case of a beneficiary who is disabled and has an alcoholism or drug addiction condition that leaves him or her incapable of managing benefits) in 2018; and sradovich on DSK3GMQ082PROD with NOTICES SUMMARY: VerDate Sep<11>2014 17:59 Oct 27, 2017 Jkt 244001 (5) The dollar limit on the administrative-cost fee assessment charged to an appointed representative such as an attorney, agent, or other person who represents claimants will be $93 beginning in December 2017. The national average wage index for 2016 is $48,664.73. This index affects the following amounts: (1) The Old-Age, Survivors, and Disability Insurance (OASDI) contribution and benefit base will be $128,700 for remuneration paid in 2018 and self-employment income earned in taxable years beginning in 2018; (2) The monthly exempt amounts under the OASDI retirement earnings test for taxable years ending in calendar year 2018 will be $1,420 for beneficiaries who will attain their Normal Retirement Age (NRA) (defined in the Retirement Earnings Test Exempt Amounts section below) after 2018 and $3,780 for those who attain NRA in 2018; (3) The dollar amounts (‘‘bend points’’) used in the primary insurance amount (PIA) formula for workers who become eligible for benefits, or who die before becoming eligible, in 2018 will be $896 and $5,399; (4) The bend points used in the formula for computing maximum family benefits for workers who become eligible for benefits, or who die before becoming eligible, in 2018 will be $1,145, $1,652, and $2,155; (5) The taxable earnings a person must have to be credited with a quarter of coverage in 2018 will be $1,320; (6) The ‘‘old-law’’ contribution and benefit base under title II of the Act will be $95,400 for 2018; (7) The monthly amount deemed to constitute substantial gainful activity (SGA) for statutorily blind persons in 2018 will be $1,970. The corresponding amount for non-blind disabled persons will be $1,180; (8) The earnings threshold establishing a month as a part of a trial work period will be $850 for 2018; and (9) Coverage thresholds for 2018 will be $2,100 for domestic workers and $1,800 for election officials and election workers. According to section 215(i)(2)(D) of the Act, we must publish the benefit increase percentage and the revised table of ‘‘special minimum’’ benefits within 45 days after the close of the third calendar quarter of 2017. We must also publish the following by November 1: The national average wage index for 2016 (215(a)(1)(D)), the OASDI fund ratio for 2017 (section 215(i)(2)(C)(ii)), the OASDI contribution and benefit base for 2018 (section 230(a)), the earnings required to be credited with a quarter of PO 00000 Frm 00094 Fmt 4703 Sfmt 4703 50209 coverage in 2018 (section 213(d)(2)), the monthly exempt amounts under the Social Security retirement earnings test for 2018 (section 203(f)(8)(A)), the formula for computing a PIA for workers who first become eligible for benefits or die in 2018 (section 215(a)(1)(D)), and the formula for computing the maximum benefits payable to the family of a worker who first becomes eligible for old-age benefits or dies in 2018 (section 203(a)(2)(C)). Cost-of-Living Increases General The cost-of-living increase is 2.0 percent for monthly benefits under title II and for monthly payments under title XVI of the Act. Under title II, OASDI benefits will increase by 2.0 percent for individuals eligible for December 2017 benefits, payable in January 2018. We base this increase on the authority contained in section 215(i) of the Act. Pursuant to section 1617 of the Act, Federal SSI payment levels will also increase by 2.0 percent effective for payments made for January 2018 but paid on December 29, 2017. Computation Computation of the cost-of-living increase is based on an increase in a Consumer Price Index produced by the Bureau of Labor Statistics. At the time the Act was amended to provide cost-ofliving increases, only one Consumer Price Index existed, namely the Consumer Price Index for Urban Wage Earners and Clerical Workers. Although the Bureau of Labor Statistics has since developed other consumer price indices, we follow precedent by continuing to use the Consumer Price Index for Urban Wage Earners and Clerical Workers. We refer to this index in the following paragraphs as the CPI. Section 215(i)(1)(B) of the Act defines a ‘‘computation quarter’’ to be a third calendar quarter in which the average CPI exceeded the average CPI in the previous computation quarter. The last cost-of-living increase, effective for those eligible to receive title II benefits for December 2016, was based on the CPI increase from the third quarter of 2014 to the third quarter of 2016. Therefore, the last computation quarter is the third quarter of 2016. The law states that a cost-of-living increase for benefits is determined based on the percentage increase, if any, in the CPI from the last computation quarter to the third quarter of the current year. Therefore, we compute the increase in the CPI from the third quarter of 2016 to the third quarter of 2017. E:\FR\FM\30OCN1.SGM 30OCN1

Agencies

[Federal Register Volume 82, Number 208 (Monday, October 30, 2017)]
[Notices]
[Pages 50208-50209]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-23499]


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

SMALL BUSINESS ADMINISTRATION

[License No. 09/09-0481]


Notice Seeking Exemption Under Section 312 of the Small Business 
Investment Act, Conflicts of Interest: Propel Venture Partners US Fund 
I, L.P.

    Notice is hereby given that Propel Venture Partners US Fund, L.P., 
201 Mission Street, 25th Floor, San Francisco, CA 94105, a Federal 
Licensee under the Small Business Investment Act of 1958, as amended 
(``the Act''), in connection with the financing of a small concerns, 
has sought an exemption under Section 312 of the Act and section 
107.730, Financings which Constitute Conflicts of Interest of the Small 
Business Administration (``SBA'') Rules and Regulations (13 CFR 
107.730). Propel Venture Partners US Fund, L.P. proposes to purchase 
common stock of Kasisto, Inc. from BBVA Compass Bancshares, Inc. 
(``BBVA''). Kasisto has requested the transaction because it prefers 
the shares to be held by a venture investor who will support the 
continued growth of the company.
    The proposed transaction is brought within the purview of section 
107.730 of the Regulations because BBVA is the sole owner of Propel 
Venture Partners US Fund, L.P. BBVA is considered an Associate of 
Propel Venture Partners US Fund, L.P. pursuant to section 107.50. 
Therefore, the proposed transaction is considered self-deal pursuant to 
13 CFR 107.730 and requires a regulatory exemption. Notice is hereby 
given that any interested person may submit written comments on the 
transaction within fifteen days of the date of this publication to 
Associate Administrator for Investment, U.S. Small Business

[[Page 50209]]

Administration, 409 Third Street SW., Washington, DC 20416.

    Dated: October 23, 2017.
A. Joseph Shepard,
Associate Administrator for Investment and Innovation.
[FR Doc. 2017-23499 Filed 10-27-17; 8:45 am]
BILLING CODE P
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