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[Federal Register Volume 82, Number 170 (Tuesday, September 5, 2017)]
[Notices]
[Page 42010]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-18665]

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SMALL BUSINESS ADMINISTRATION

Delegation of Authority

AGENCY: U.S. Small Business Administration.

ACTION: Notice of delegation of authority.

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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: Carol Fendler, Office of Investment 
and Innovation, U.S. Small Business Administration, 409 3rd Street SW., 
Washington, DC 20416; (202) 205-7559 or [email protected].

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:

Deputy Administrator, Chair
Associate Administrator for Capital Access
Associate Administrator for Investment and Innovation
General Counsel
Deputy General Counsel
Chief Financial Officer

    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, as defined in SBA Standard Operating Procedure 
00 01 2, Chapter 3, paragraph 2, 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. This 
authority will remain in effect until revoked in writing by the 
Administrator or by operation of law.

    Dated: August 24, 2017.
Linda E. McMahon,
Administrator.
[FR Doc. 2017-18665 Filed 9-1-17; 8:45 am]
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