Type:Notice
Citation:90 FR 4827
Reading Time:about a minute or two
The U.S. Small Business Administration (SBA) announced that the responsibilities for licensing Small Business Investment Companies have been shifted. These duties were previously handled by the Agency Licensing Committee, but now, the Chief Financial Officer, Chief Operating Officer, and Chief of Staff will take over these responsibilities through the agency's internal process. This change was formalized by the SBA Administrator, Isabella Casillas Guzman.
Simple Explanation
The people in charge of checking if small companies can get a special license used to be a group called the Agency Licensing Committee. Now, three important people at the Small Business Administration are taking over this job, and the change was decided by the big boss there.