81_FR_69205 81 FR 69012 - Small Business Investment Companies-Early Stage SBICs; Public Webinar

81 FR 69012 - Small Business Investment Companies-Early Stage SBICs; Public Webinar

SMALL BUSINESS ADMINISTRATION

Federal Register Volume 81, Issue 193 (October 5, 2016)

Page Range69012-69012
FR Document2016-24031

The U.S. Small Business Administration (SBA) announces that it is holding a public webinar regarding its Early Stage Small Business Investment Companies proposed rule, which was published on September 19, 2016. The webinar will describe the changes proposed in the rulemaking and answer questions regarding the proposed rule.

Federal Register, Volume 81 Issue 193 (Wednesday, October 5, 2016) 
[Federal Register Volume 81, Number 193 (Wednesday, October 5, 2016)]
[Proposed Rules]
[Page 69012]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-24031]



[[Page 69012]]

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SMALL BUSINESS ADMINISTRATION

13 CFR Part 107


Small Business Investment Companies--Early Stage SBICs; Public 
Webinar

AGENCY: U.S. Small Business Administration.

ACTION: Proposed rule; notice of public webinar.

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

SUMMARY: The U.S. Small Business Administration (SBA) announces that it 
is holding a public webinar regarding its Early Stage Small Business 
Investment Companies proposed rule, which was published on September 
19, 2016. The webinar will describe the changes proposed in the 
rulemaking and answer questions regarding the proposed rule.

DATES: The webinar will be held on October 12, 2016, at 1 p.m. EST. 
Attendees must pre-register by October 10, 2016, at 11:59 p.m. EST.

ADDRESSES: Parties interested in attending the webinar must pre-
register by sending an email request to SBA's Office of Investment and 
Innovation at [email protected], as further described in section III of 
the SUPPLEMENTARY INFORMATION section.

FOR FURTHER INFORMATION CONTACT: Scott Schaefer, SBA Office of 
Investment and Innovation at (202) 205-6514 or [email protected].

SUPPLEMENTARY INFORMATION: 

I. Background Information

    The Early Stage SBIC program was launched in 2012 as a 5-year 
effort as part of President Obama's Startup America Initiative. The 
intent of the Early Stage SBIC program was to license and provide SBA-
guaranteed leverage to Early Stage SBICs that would focus on making 
investments in early stage small businesses. Although 62 investment 
funds applied to the program, few satisfied SBA's licensing criteria. 
To date, SBA has only licensed five Early Stage SBICs.
    On September 19, 2016, SBA published a proposed rule regarding the 
Early Stage Small Business Investment Company (SBIC) program (81 FR 
64075), which proposes to make the Early Stage SBIC program a permanent 
part of the SBIC program. In addition, the rule proposes changes to the 
Early Stage SBIC Program with respect to licensing, non-SBA borrowing, 
and leverage eligibility.
    The proposed Early Stage SBIC rule may be viewed at https://www.regulations.gov/document?D=SBA-2015-0002-0009. The comment period 
for the proposed rule closes on October 19, 2016. In order to 
familiarize the public with the content of the Early Stage SBIC 
proposed rule, SBA will host a webinar on the proposed rule before the 
closing date. The webinar will be transcribed and become part of the 
administrative record for SBA's consideration when the Agency 
deliberates on the final Early Stage SBIC regulations.

II. Webinar Schedule

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           Webinar date and time              Registration closing date
------------------------------------------------------------------------
October 12, 2016, 1 p.m. EST..............  October 10, 2016, 11:59 p.m.
                                             EST.
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    The session is expected to last no more than 1 hour.

III. Registration

    If you are interested in attending the webinar, you must pre-
register by the registration closing date. To pre-register, send an 
email to [email protected]. In the body of the email, please provide 
the following: Participant's Name, Title, Organization Affiliation, 
Address, Telephone Number, and Email Address. You must submit your 
email by the applicable registration closing date listed in this 
notice.
    Due to technological limitations, attendance is limited to 120 
participants per session. If demand exceeds capacity for the webinar, 
SBA will hold another one. SBA will announce any additional sessions 
through a Federal Register document and on its Web site, www.sba.gov/inv/earlystage.
    SBA will confirm the registration via email along with instructions 
for participating. SBA will post any presentation materials associated 
with the webinar on the day of the webinar by 10 a.m. EST at 
www.sba.gov/inv/earlystage.
    If there are specific questions you would like SBA to address in 
the webinar, SBA must receive them no later than October 9, 2016. Since 
the Early Stage SBIC regulations are in the proposed rulemaking stage, 
SBA will not be able to answer questions that are outside of 
clarification of the proposed rule.

Mark L. Walsh,
Associate Administrator for Investment and Innovation.
[FR Doc. 2016-24031 Filed 10-4-16; 8:45 am]
 BILLING CODE 8025-01-P

69012 Federal Register / Vol. 81, No. 193 / Wednesday, October 5, 2016 / Proposed Rules SMALL BUSINESS ADMINISTRATION 19, 2016. In order to familiarize the DEPARTMENT OF HOUSING AND public with the content of the Early URBAN DEVELOPMENT 13 CFR Part 107 Stage SBIC proposed rule, SBA will host a webinar on the proposed rule before 24 CFR Part 100 Small Business Investment the closing date. The webinar will be [Docket No. FR–5508–N–03] Companies—Early Stage SBICs; Public transcribed and become part of the Webinar Application of the Fair Housing Act’s administrative record for SBA’s AGENCY: U.S. Small Business consideration when the Agency Discriminatory Effects Standard to Administration. deliberates on the final Early Stage SBIC Insurance ACTION: Proposed rule; notice of public regulations. AGENCY: Office of the Assistant webinar. Secretary for Fair Housing and Equal II. Webinar Schedule SUMMARY: The U.S. Small Business Opportunity, HUD. Administration (SBA) announces that it Webinar date and Registration closing ACTION: Reconsideration of public is holding a public webinar regarding its time date comments; implementation of the Fair Early Stage Small Business Investment Housing Act’s Discriminatory Effects October 12, 2016, 1 October 10, 2016, Standard. Companies proposed rule, which was p.m. EST. 11:59 p.m. EST. published on September 19, 2016. The SUMMARY: HUD is issuing this document webinar will describe the changes to supplement its responses to certain proposed in the rulemaking and answer The session is expected to last no insurance industry comments to HUD’s questions regarding the proposed rule. more than 1 hour. proposed rule implementing the Fair DATES: The webinar will be held on III. Registration Housing Act’s (‘‘Act’’) discriminatory October 12, 2016, at 1 p.m. EST. effects standard. These commenters Attendees must pre-register by October If you are interested in attending the requested, inter alia, total or partial 10, 2016, at 11:59 p.m. EST. webinar, you must pre-register by the exemptions or safe harbors from liability ADDRESSES: Parties interested in registration closing date. To pre-register, under the Act’s discriminatory effects attending the webinar must pre-register send an email to applySBIC@sba.gov. In standard. After careful reconsideration by sending an email request to SBA’s the body of the email, please provide of the insurance industry comments in Office of Investment and Innovation at the following: Participant’s Name, Title, accordance with the court’s decision in applySBIC@sba.gov, as further Organization Affiliation, Address, Property Casualty Insurers Association described in section III of the Telephone Number, and Email Address. of America (PCIAA) v. Donovan, HUD SUPPLEMENTARY INFORMATION section. You must submit your email by the has determined that categorical FOR FURTHER INFORMATION CONTACT: applicable registration closing date exemptions or safe harbors for insurance Scott Schaefer, SBA Office of listed in this notice. practices are unworkable and Investment and Innovation at (202) 205– inconsistent with the broad fair housing Due to technological limitations, objectives and obligations embodied in 6514 or applySBIC@sba.gov. attendance is limited to 120 participants SUPPLEMENTARY INFORMATION: the Act. HUD continues to believe that per session. If demand exceeds capacity the commenters’ concerns regarding I. Background Information for the webinar, SBA will hold another application of the discriminatory effects The Early Stage SBIC program was one. SBA will announce any additional standard to insurance practices can and launched in 2012 as a 5-year effort as sessions through a Federal Register should be addressed on a case-by-case part of President Obama’s Startup document and on its Web site, basis. America Initiative. The intent of the www.sba.gov/inv/earlystage. DATES: Supplemental Responses issued Early Stage SBIC program was to license SBA will confirm the registration via on October 5, 2016. and provide SBA-guaranteed leverage to email along with instructions for FOR FURTHER INFORMATION CONTACT: Early Stage SBICs that would focus on participating. SBA will post any Jeanine Worden, Associate General making investments in early stage small presentation materials associated with Counsel for Fair Housing, Office of businesses. Although 62 investment the webinar on the day of the webinar General Counsel, U.S. Department of funds applied to the program, few by 10 a.m. EST at www.sba.gov/inv/ Housing and Urban Development, 451 satisfied SBA’s licensing criteria. To earlystage. 7th Street SW., Washington, DC 20410– date, SBA has only licensed five Early 0500; (202) 402–5188 (this is not a toll- Stage SBICs. If there are specific questions you free number). Persons with hearing or On September 19, 2016, SBA would like SBA to address in the speech impairments may contact this published a proposed rule regarding the webinar, SBA must receive them no number via TTY by calling the toll-free Early Stage Small Business Investment later than October 9, 2016. Since the Federal Relay Service at 800–877–8399. Company (SBIC) program (81 FR 64075), Early Stage SBIC regulations are in the SUPPLEMENTARY INFORMATION: which proposes to make the Early Stage proposed rulemaking stage, SBA will SBIC program a permanent part of the not be able to answer questions that are Background SBIC program. In addition, the rule outside of clarification of the proposed Title VIII of the Civil Rights Act of proposes changes to the Early Stage rule. 1968, as amended (‘‘Fair Housing Act’’ mstockstill on DSK3G9T082PROD with PROPOSALS SBIC Program with respect to licensing, or ‘‘Act’’), prohibits discrimination in Mark L. Walsh, non-SBA borrowing, and leverage the sale, rental, or financing of eligibility. Associate Administrator for Investment and dwellings and in other housing-related The proposed Early Stage SBIC rule Innovation. activities on the basis of race, color, may be viewed at https:// [FR Doc. 2016–24031 Filed 10–4–16; 8:45 am] religion, sex, disability, familial status, www.regulations.gov/document?D=SBA- BILLING CODE 8025–01–P or national origin.1 On November 16, 2015-0002-0009. The comment period for the proposed rule closes on October 1 42 U.S.C. 3601–3619. VerDate Sep<11>2014 18:25 Oct 04, 2016 Jkt 241001 PO 00000 Frm 00004 Fmt 4702 Sfmt 4702 E:\FR\FM\05OCP1.SGM 05OCP1


Document Created: 2016-10-05 03:29:08
Document Modified: 2016-10-05 03:29:08
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionProposed Rules
ActionProposed rule; notice of public webinar.
DatesThe webinar will be held on October 12, 2016, at 1 p.m. EST. Attendees must pre-register by October 10, 2016, at 11:59 p.m. EST.
ContactScott Schaefer, SBA Office of Investment and Innovation at (202) 205-6514 or [email protected]
FR Citation81 FR 69012 
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