📑SBA Modifies Small Business Investment Company Information System
Small Business Investment Company Information System Modification
Summary
The U.S. Small Business Administration (SBA) proposes to modify its system of records, titled Small Business Investment Company Information System (SBICIS) (SBA SBICS 40), to update its inventory of records systems subject to the Privacy Act of 1974, as amended. Publication of this notice complies with the Privacy Act and the Office of Management and Budget (OMB) Circular A-108 and Circular A-130. System of Records Notice (SORN) titled, Small Business Investment Company Information System (SBA SBICS 40), serves as a centralized and automated framework for the organization, retrieval, and analysis of information which supports the SBA's oversight and risk management roles for the SBIC program and SBA's technical assistance to and related support of any Capital Assistance Program (defined below).
Agencies
- Small Business Administration
Business Impact
$$ - Med
The notice outlines a modified system of records for the Small Business Investment Company, impacting how businesses interact with the SBA regarding investment opportunities and compliance under the Privacy Act. This change could lead to increased compliance responsibilities and facilitate access to financial assistance programs for small businesses.