View Rule

View EO 12866 Meetings Printer-Friendly Version     Download RIN Data in XML
SBA RIN: 3245-AF92 Publication ID: Fall 2009 
Title: ●Small Business Investment Companies--Leverage Eligibility and Portfolio Diversification Requirements  
Abstract: This interim final rule implements certain provisions of the American Recovery and Reinvestment Act of 2009 (Recovery Act), which was enacted in order to promote economic recovery by preserving and creating jobs. SBA is working to implement Recovery Act programs that will assist small businesses most impacted by the severe economic conditions facing the Nation. The rule would amend the SBIC program regulations by implementing section 505 of the Recovery Act. Specifically, this rule increases the maximum amount of SBA leverage available to an SBIC, changes the calculation of the maximum investment size that an SBIC is permitted to make, and simplifies the requirement for an SBIC to devote a portion of its investment activity to smaller enterprises. SBA finds that good cause exists to publish this rule as an interim final rule in light of the urgent need to help small businesses sustain and survive during this economic downturn. Advance solicitation of comments for this rulemaking would be impracticable, contrary to the public interest, and would harm those small businesses that need immediate access to capital. 
Agency: Small Business Administration(SBA)  Priority: Other Significant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 13 CFR 107   
Legal Authority: PL 111-5, sec 505   
Legal Deadline:  None
Timetable:
Action Date FR Cite
Interim Final Rule  07/14/2009  74 FR 33911   
Interim Final Rule Comment Period End  09/14/2009    
Final Action  02/00/2010    
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Harry Haskins
Deputy Associate Administrator, Investment Division
Small Business Administration
409 3rd Street SW,
Washington, DC 20416
Phone:202 205-6694
Email: harry.haskins@sba.gov