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| SBA | RIN: 3245-AF92 | Publication ID: Fall 2010 |
| 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. The rule amended the Small Business Investment Company (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. | |
| Agency: Small Business Administration(SBA) | Priority: Other Significant |
| RIN Status: Previously 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 | |
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Legal Deadline:
None |
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Timetable:
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| Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
| Small Entities Affected: Businesses | Federalism: No |
| Included in the Regulatory Plan: No | |
| RIN Data Printed in the FR: No | |
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Agency Contact: Sean Greene Associate Administrator for Investments and Special Advisor for Innovation Small Business Administration 409 Third Street SW, Washington, DC 20416 Phone:202 205-6513 Email: sean.greene@sba.gov |
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