3245-AG68 201410 The Regulatory Plan and the Unified Agenda of Federal Regulatory and Deregulatory Actions 3245 Small Business Administration SBA Small Business Investment Companies; Early Stage Initiative

The Early Stage Small Business Investment Company (SBIC) initiative was launched in 2012. To date, SBA has licensed five Early Stage SBICs. In order to help determine whether program changes are necessary SBA is seeking input from the public on, among other things: (1) whether the industry believes a funding gap exists for early stage businesses; (2) what structural changes to the program are needed to attract more qualified fund managers; (3) whether a debenture leverage instrument can be useful in financing early stage funds or whether another debt instrument can be implemented to attract experienced early stage fund managers; and (4) what other initiatives would be effective in meeting the financing needs of early stage businesses.

]]> Substantive, Nonsignificant First Time Published in The Unified Agenda Prerule Stage No No 13 CFR 107 15 USC 681 15 USC 683 No ANPRM 12/00/2014 No No None No No No Theresa Jamerson M. Senior Risk and Investment Policy Advisor, Office of Investment and Innovation 3245 Small Business Administration SBA 202 205-7563 theresa.jamerson@sba.gov 409 Third Street SW, Washington DC 20461