Document Headings

                    Document headings vary by document type but may contain                    the following:                  
                -                       the agency or agencies that issued and signed a document                    
                -                       the number of the CFR title and the number of each part                      the document amends, proposes to amend, or is directly                      related to                    
                -                       the agency docket number / agency internal file number                    
                -                       the RIN which identifies each regulatory action listed in                      the Unified Agenda of Federal Regulatory and Deregulatory                      Actions                    

                    See the                                          Document Drafting Handbook                                        for more details.                  

###### Small Business Administration

# AGENCY:

U.S. Small Business Administration.

# ACTION:

Notice of delegation of authority.

# SUMMARY:

This document provides the public with notice of the delegation of authority for certain activities related to the licensing of Small Business Investment Companies by the Administrator of the Small Business Administration (SBA) to the Agency Licensing Committee.

# FOR FURTHER INFORMATION CONTACT:

                        Arthur Spivey, Office of Investment and Innovation, U.S. Small Business Administration, 409 3rd Street SW, Washington, DC 20416; (202) 205-7098 or                         *arthur.spivey@sba.gov.*

# SUPPLEMENTARY INFORMATION:

This document provides the public with notice of the Administrator's delegation of authority to the Agency Licensing Committee to review and recommend to the Administrator for approval applications for licenses to operate as a small business investment company under the Small Business Investment Act of 1958, as amended.

This delegation of authority reads as follows:

Pursuant to the authority vested in me pursuant to section 301 of the Small Business Investment Act of 1958, as amended, the authority to take any and all actions necessary to review applications for licensing under section 301 of the Small Business Investment Act of 1958, as amended, and to recommend to the Administrator which such applications should be approved is delegated to the Agency Licensing Committee.

The Agency Licensing Committee shall be composed of the following members:
      ( print page 65223)    
Associate Administrator for Investment and Innovation (Committee Chair)

General Counsel

Associate Administrator for Capital Access

Associate Administrator for Field Operations

Chief Financial Officer

Administrator Appointed Observer(s) *

* Administrator may appoint observers within the agency or from agencies with whom SBA has formally entered into an SBIC interagency partnership initiative through a Memorandum of Understanding or Agreement.

This authority revokes all other authorities granted by the Administrator to recommend and approve applications for a license to operate as a small business investment company under the Small Business Investment Act of 1958, as amended. This authority may not be re-delegated; however, in the event that the person serving in one of the positions listed as a member of the Agency Licensing Committee is absent from the office or is unable to perform the functions and duties of his or her position, the individual serving in an acting capacity, pursuant to a written and established line of succession, may serve on the Committee during such absence or inability. In addition, if one of the positions listed as a member of the Agency Licensing Committee is vacant, the individual serving in that position in an acting capacity shall serve on the Agency Licensing Committee. Finally, in the event the Administrator is recused on an application recommended for approval by the Agency Licensing Committee, the Deputy Administrator shall be delegated authority for final ratification. This authority will remain in effect until revoked in writing by the Administrator or by operation of law.

Dated: September 18, 2023.

Bailey DeVries,

Associate Administrator, Office of Investment and Innovation.

[FR Doc. 2023-20495 Filed 9-20-23; 8:45 am]

BILLING CODE 8026-09-P