Key Points:
- SEC’s advisory committee will explore recent changes to the SBA investment program.
- Scheduled for July 30, 2024; available via live webcast on www.sec.gov.
The agenda for the July 30, 2024, in-person meeting of the Securities and Exchange Commission’s Small Business Capital Formation Advisory Committee focuses on a detailed review of recent amendments to the SBA investment program.
The meeting will be webcast at www.sec.gov, allowing any interested party to listen to the discussion.
The Committee’s only mandate is to offer counsel to the Commission concerning issues touching on rules and policies regarding small businesses. Since the business is small, the Committee will commence the session by focusing on where the small business obtained its capital for operation and what the scenario is. Responses by the Committee members concerning the available challenges and opportunities in the business sector will accompany this session.
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SEC Committee Prepares to Analyze Recent SBA Investment Program Modifications
Most meetings will discuss recent programmatic improvements to the SBA investment program. In particular, recent improvements to the program will help expand access to capital and diversify the kinds of funding available to small businesses, start-ups, and fund managers throughout the U.S. SBICs are privately owned and managed investment funds licensed by the SBA investment program that make vital investments in American small businesses. They draw on SBA-guaranteed loans and their private capital, which multiplies their investment capability.
Insights will lead these detailed discussions from an SBA investment program fund representative and practitioner experienced in the program’s regulatory framework. Other topics include an overview of recent program changes, the introduction of new SBA-guaranteed loan types, and the assessment of the general regulatory environment governing the operations of SBICs.
