Regulatory Reform Initiative: Small Business Investment Company-Regulatory Streamlining

Resumo

The U.S. Small Business Administration ("SBA" or "Agency") is proposing to remove from the Code of Federal Regulations ("CFR") eighteen regulations that are no longer necessary because they are obsolete, inefficient or redundant. Many of the regulations SBA is proposing to remove apply to Specialized Small Business Investment Companies ("SSBICs") licensed under the now-repealed Section 301(d) of the Small Business Investment Act of 1958, as amended, and certain other types of Small Business Investment Companies ("SBICs") that SBA no longer licenses, such as Participating Securities SBICs and Early Stage SBICs. The removal of these regulations will assist the public by simplifying SBA's regulations in the CFR. In addition, SBA is proposing to amend its regulations, consistent with recent statutory changes, to increase the maximum amount of Leverage available to a single SBIC from $150 million to $175 million.