June 29 -- The Small Business Administration (SBA) invites comments to OMB by August 21, 2023 regarding data collections from Small Business Investment Companies (SBICs) , specifically SBA Form 468 (financial statements and supplementary information) and SBA Form 1031 (each time financing is extended to a small business concern). [Comments due 30 days after submission to OMB on July 20, 2023.]
Form 468: To obtain the information needed to carry out its oversight responsibilities under the Small Business Investment Act, the SBA requires Small Business Investment Companies (SBICs) to submit financial statements and supplementary information on SBA Form 468. SBA uses this information to monitor SBIC financial condition and regulatory compliance, for credit analysis when considering SBIC leverage applications, and to evaluate financial risk and economic impact for individual SBICs and the program as a whole.
Form 1031: To obtain the information needed to carry out its program evaluation and oversight responsibilities. SBA requires small business investment companies (SBICs) to provide information on SBA Form 1031 each time financing is extended to a small business concern. SBA uses this information to evaluate how SBICs fill market financing gaps and contribute to economic growth, and to monitor the regulatory compliance of individual SBICs.
SBA submissions to OMB -- Click on IC List for data collection instrument, View Supporting Statement for technical documentation. Submit comments through these sites.
Form 468
https://www.reginfo.gov/public/do/PRAViewICR?ref_nbr=202307-3245-001
Form 1031
https://www.reginfo.gov/public/do/PRAViewICR?ref_nbr=202307-3245-002
FR notices inviting public comment:
Form 468
https://www.federalregister.gov/d/2023-13826
Form 1031
https://www.federalregister.gov/d/2023-13828
For AEA members wishing to submit comments, "A Primer on How to Respond to Calls for Comment on Federal Data Collections" is available at
https://www.aeaweb.org/content/file?id=5806
