SBA Small Business Investment Company (SBIC) Proposed Regulations Webinar, 68109 [2022-24714]

Download as PDF 68109 Proposed Rules Federal Register Vol. 87, No. 218 Monday, November 14, 2022 This section of the FEDERAL REGISTER contains notices to the public of the proposed issuance of rules and regulations. The purpose of these notices is to give interested persons an opportunity to participate in the rule making prior to the adoption of the final rules. SMALL BUSINESS ADMINISTRATION 13 CFR Parts 107 and 121 SBA Small Business Investment Company (SBIC) Proposed Regulations Webinar U.S. Small Business Administration (SBA). ACTION: Notification of webinar on proposed regulations. AGENCY: The SBA is holding a webinar to update the public on proposed regulations to the Small Business Investment Company (SBIC) program contained in the proposed rule titled Small Business Investment Company Investment Diversification and Growth. DATES: The public webinar will be held on Monday, 11/28/2022, from 4 to 5 p.m. Eastern Time. ADDRESSES: The Small Business Investment Company Investment Diversification and Growth Proposed Regulations Webinar will be live streamed on Microsoft Teams for the public. SUMMARY: The meeting will be live streamed to the public, and anyone wishing to attend or needing accommodations because of a disability can contact Nathaniel Putnam, SBA, Office of Investment & Innovation (OII), (202)714–1632, nathaniel.putnam@sba.gov. SUPPLEMENTARY INFORMATION: FOR FURTHER INFORMATION CONTACT: khammond on DSKJM1Z7X2PROD with PROPOSALS I. Background The U.S. Small Business Administration (‘‘SBA’’ or ‘‘Agency’’) is proposing to revise the regulations for the Small Business Investment Company (‘‘SBIC’’) program to 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. This proposed rule, Small Business Investment Company VerDate Sep<11>2014 17:20 Nov 10, 2022 Jkt 259001 Investment Diversification and Growth, 87 FR 63436, introduces an additional type of SBIC (‘‘Accrual SBICs’’) to increase program investment diversification and patient capital financing for small businesses and modernize rules to lower financial barriers to program participation. This proposed rule will help SBA implement the Executive order (‘‘E.O.’’), Advancing Racial Equity and Support for Underserved Communities Through the Federal Government, by reducing financial and administrative barriers to participate in the SBIC program and modernizing the program’s license offerings to align with a more diversified set of private funds investing in underserved small businesses. The proposed rule also incorporates the statutory requirements of the Spurring Business in Communities Act of 2017, which was enacted on December 19, 2018. More information about the proposed regulation can be found here. Nathaniel Putnam at the telephone number or email address indicated under the FOR FURTHER INFORMATION CONTACT section of this notice. II. Questions For the public webinar, OII strongly encourages that questions be submitted in advance by November 25, 2022. Individuals may email investinnovate@ sba.gov with subject line—‘‘[Name/ Organization] Question for 11/28/22 Public Webinar.’’ During the live event, attendees will be in listen-only mode and may submit additional questions via the Q&A Chat feature. Editorial Note: Proposed rule document 2022–22047 was originally published on pages 63712 through 63715 in the issue of Thursday, October 20, 2022. In that publication on page 63715, in the second column, under the ‘‘(o) Material Incorporated by Reference’’ heading, paragraph ‘‘(3)’’, ‘‘November 25, 2022’’ should read ‘‘[DATE 35 DAYS AFTER PUBLICATION OF THE FINAL RULE]’’. The corrected document is published here in its entirety. III. Comments on the Proposed Regulations Comments on the proposed rule may be submitted on or before December 19th, 2022, at www.regulations.gov. SBA will analyze any written comments received and respond to all comments in the final rule. However, during the public webinar, SBA officials will not provide responses to public comment or suggestions on the proposed rule. SBA requests that commenters focus on SBA’s October 19, 2022, proposed rulemaking and the impacted regulations therein. SBA requests that commenters do not raise issues pertaining to issues not covered under the proposed rule, or issues outside the scope of the rule. IV. Information on Service for Individuals With Disabilities For information on services for individuals with disabilities or to request special assistance contact PO 00000 Frm 00001 Fmt 4702 Sfmt 4702 Michele Schimpp, Deputy Associate Administrator, Office of Investment & Innovation, U.S. Small Business Administration. [FR Doc. 2022–24714 Filed 11–10–22; 8:45 am] BILLING CODE 8026–09–P DEPARTMENT OF TRANSPORTATION Federal Aviation Administration 14 CFR Part 39 [Docket No. FAA–2022–1296; Project Identifier MCAI–2022–00628–T] RIN 2120–AA64 Airworthiness Directives; Airbus SAS Airplanes Federal Aviation Administration (FAA), DOT. ACTION: Notice of proposed rulemaking (NPRM). AGENCY: The FAA proposes to supersede Airworthiness Directive (AD) 2020–20–05 and AD 2022–09–16, which apply to certain Airbus SAS Model A318 series; A319–111, –112, –113, –114, –115, –131, –132, –133, –151N, and –153N; A320 series; and A321 series airplanes. AD 2020–20–05 and AD 2022–09–16 require revising the existing maintenance or inspection program, as applicable, to incorporate new or more restrictive airworthiness limitations. Since the FAA issued AD 2020–20–05 and AD 2022–09–16, the FAA has determined that new or more restrictive airworthiness limitations are necessary. This proposed AD would continue to require the actions in AD 2022–09–16 and require revising the existing maintenance or inspection program, as applicable, to incorporate additional new or more restrictive SUMMARY: E:\FR\FM\14NOP1.SGM 14NOP1

Agencies

[Federal Register Volume 87, Number 218 (Monday, November 14, 2022)]
[Proposed Rules]
[Page 68109]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-24714]


========================================================================
Proposed Rules
                                                Federal Register
________________________________________________________________________

This section of the FEDERAL REGISTER contains notices to the public of 
the proposed issuance of rules and regulations. The purpose of these 
notices is to give interested persons an opportunity to participate in 
the rule making prior to the adoption of the final rules.

========================================================================


Federal Register / Vol. 87, No. 218 / Monday, November 14, 2022 / 
Proposed Rules

[[Page 68109]]



SMALL BUSINESS ADMINISTRATION

13 CFR Parts 107 and 121


SBA Small Business Investment Company (SBIC) Proposed Regulations 
Webinar

AGENCY: U.S. Small Business Administration (SBA).

ACTION: Notification of webinar on proposed regulations.

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

SUMMARY: The SBA is holding a webinar to update the public on proposed 
regulations to the Small Business Investment Company (SBIC) program 
contained in the proposed rule titled Small Business Investment Company 
Investment Diversification and Growth.

DATES: The public webinar will be held on Monday, 11/28/2022, from 4 to 
5 p.m. Eastern Time.

ADDRESSES: The Small Business Investment Company Investment 
Diversification and Growth Proposed Regulations 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 Nathaniel Putnam, SBA, Office of 
Investment & Innovation (OII), (202)714-1632, [email protected].

SUPPLEMENTARY INFORMATION: 

I. Background

    The U.S. Small Business Administration (``SBA'' or ``Agency'') is 
proposing to revise the regulations for the Small Business Investment 
Company (``SBIC'') program to 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. This proposed rule, Small Business Investment Company 
Investment Diversification and Growth, 87 FR 63436, introduces an 
additional type of SBIC (``Accrual SBICs'') to increase program 
investment diversification and patient capital financing for small 
businesses and modernize rules to lower financial barriers to program 
participation. This proposed rule will help SBA implement the Executive 
order (``E.O.''), Advancing Racial Equity and Support for Underserved 
Communities Through the Federal Government, by reducing financial and 
administrative barriers to participate in the SBIC program and 
modernizing the program's license offerings to align with a more 
diversified set of private funds investing in underserved small 
businesses. The proposed rule also incorporates the statutory 
requirements of the Spurring Business in Communities Act of 2017, which 
was enacted on December 19, 2018. More information about the proposed 
regulation can be found here.

II. Questions

    For the public webinar, OII strongly encourages that questions be 
submitted in advance by November 25, 2022. Individuals may email 
[email protected] with subject line--``[Name/Organization] 
Question for 11/28/22 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. Comments on the Proposed Regulations

    Comments on the proposed rule may be submitted on or before 
December 19th, 2022, at www.regulations.gov. SBA will analyze any 
written comments received and respond to all comments in the final 
rule. However, during the public webinar, SBA officials will not 
provide responses to public comment or suggestions on the proposed 
rule. SBA requests that commenters focus on SBA's October 19, 2022, 
proposed rulemaking and the impacted regulations therein. SBA requests 
that commenters do not raise issues pertaining to issues not covered 
under the proposed rule, or issues outside the scope of the rule.

IV. Information on Service for Individuals With Disabilities

    For information on services for individuals with disabilities or to 
request special assistance contact Nathaniel Putnam at the telephone 
number or email address indicated under the FOR FURTHER INFORMATION 
CONTACT section of this notice.

Michele Schimpp,
Deputy Associate Administrator, Office of Investment & Innovation, U.S. 
Small Business Administration.
[FR Doc. 2022-24714 Filed 11-10-22; 8:45 am]
BILLING CODE 8026-09-P
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