📊SBA Proposes New Compliance Reporting for Small Business Investment Companies
Data Collection Available for Public Comments
Summary
The U. S. Small Business Administration (SBA) intends to request approval from the Office of Management and Budget (OMB) for a new collection of information described below. The Paperwork Reduction Act (PRA) requires federal agencies to publish a notice in the Federal Register concerning each proposed collection of information before submission to OMB and to allow 60 days for public comment in response to the notice. This notice complies with that requirement.
Agencies
- Small Business Administration
Business Impact
$$ - Med
The SBA's proposal to collect compliance and reporting information from Small Business Investment Companies (SBICs) indicates new regulatory requirements that will affect business operations. It requires SBICs to report on foreign ownership and investment activities, influencing their capital deployment strategy.