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THE SBIC PROGRAM A Small Business Investment Company (SBIC) is a privately owned and operated company that makes long-term investments in American small businesses and is licensed by the U.S. Small Business Administration (SBA or Administration). The principal reason for a firm to become licensed as an SBIC is access to financing (leverage) provided by SBA. In addition, banks and federal savings associations (as well as their holding companies) have the ability to own or to invest in SBICs and thereby to own indirectly more than 5% of the voting stock of a small business, and can receive Community Reinvestment Act credit consideration for SBIC investments. Banks and their holding companies are permitted to invest in SBICs under the regulations implementing the Volcker Rule pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). They also receive exemptions from certain capital charge regulations and lending affiliation rules under the Gr ....
To embed, copy and paste the code into your website or blog: For those who do not receive notifications directly from USDA APHIS, please note that the agency has just announced that it has removed its Self-Reporting Incentive Program, included in the Animal Welfare Act Inspection Guide and published in Tech Note titled, “Incentives for Identifying, Reporting, Correcting, and Preventing Noncompliance with the Animal Welfare Act.” The reason provided for this changes is that the guidance and program “is no longer representative of the current agency policy for documenting Animal Welfare Act non-compliances.” The agency has come under scrutiny for the implementation of this policy which was implemented without promulgation of a proposed regulation pursuant to the Administrative Procedures Act. It is unclear whether such scrutiny resulted in or contributed to this action. ....