Data / Federal rules / 2024-00559
Small Business Investment Company Investment Diversification and Growth; Technical Amendments and Clarifications
The Small Business Administration published this final rule in the Federal Register on January 19, 2024. It took effect on March 4, 2024. Comments closed on February 20, 2024.
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What the agency says
This direct final rule clarifies and provides technical updates to the Small Business Investment Company Investment Diversification and Growth final rule implemented on August 17, 2023 (SBIC IDG Final Rule), which reduced barriers to program participation for new SBIC fund managers and funds investing in underserved communities and geographies, capital intensive investments, and technologies critical to national security and economic development. In the SBIC IDG Final Rule, SBA introduced a new class of SBICs ("Accrual" SBICs) to unlock more patient capital financing for small businesses through the SBIC program and implement changes to lower financial barriers to program participation for new fund managers. This direct final rule will help SBA implement Executive Order 13985, Advancing Racial Equity and Support for Underserved Communities Through the Federal Government, by reducing financial and administrative barriers to participate in the SBIC program and modernizing the program's license offerings to align with a more diversified set of private funds investing in underserved small businesses.
Key facts
- Document number
- 2024-00559
- Type
- Final rule
- Action
- Direct final rule
- Agency
- Small Business Administration
- Published
- January 19, 2024
- Takes effect
- March 4, 2024
- Comments due
- February 20, 2024
- Dates
- This rule is effective March 4, 2024, without further action, unless significant comment is received by February 20, 2024. If significant adverse comment is received, SBA will publish a timely withdrawal of the rule in the Federal Register.
- Regulation ID (RIN)
- 3245-AH90
- Code of Federal Regulations
- 13 CFR 107; 13 CFR 121
- Topics
- Investment companies; Loan programs-business; Reporting and recordkeeping requirements; Small businesses
- Significant
- Yes, under Executive Order 12866
- Pages
- 8
Other documents from the Small Business Administration
| Document | Type | Published |
|---|---|---|
| Removing Constitutional Concerns From SBA Programs 2026-19878 | Final rule | Sep 29 |
| Small Business Size Standards 2026-19546 | Proposed rule | Sep 24 |
| Rescinding Unnecessary Notice and Comment Procedures 2026-17731 | Final rule | Aug 31 |
| Small Business Size Standards 2026-17042 | Proposed rule | Aug 20 |
| Small Business Size Standards: Revised Size Standards Methodology 2026-17039 | Proposed rule | Aug 20 |
| Reforms to 13 CFR 124.103 To Remove SBA's 8(a) Program's Rebuttable Presumption of Social Disadvantage for Individually Owned Firms Only. Reforms Do Not Impact Entity-Owned Firms 2026-16370 | Final rule | Aug 11 |
| Reforms To Remove SBA's 8(a) Program's Rebuttable Presumption of Social Disadvantage for Individually Owned Firms Only; Reforms Do Not Impact Entity-Owned Firms 2026-11765 | Proposed rule | Jun 11 |
| Regulation for Federal Financial Assistance 2026-10817 | Proposed rule | May 29 |
Everything from the Small Business Administration · Rules on investment companies · Rules on loan programs-business · Rules on reporting and recordkeeping requirements · Published in January 2024
Read from the Federal Register API, last updated 2026-10-23. The document on federalregister.gov is the official record; dates and dockets can change through later corrections. Free to reuse with credit to SpecStream under CC BY 4.0.