{"description":"Documents matching 'risk roles sbic program technical'","count":78,"total_pages":4,"next_page_url":"https://www.federalregister.gov/api/v1/documents?conditions%5Bterm%5D=risk+roles+sbic+program+technical&format=json&page=2","results":[{"title":"Small Business Investment Company Information System Modification","type":"Notice","abstract":"The U.S. Small Business Administration (SBA) proposes to modify its system of records, titled Small Business Investment Company Information System (SBICIS) (SBA SBICS 40), to update its inventory of records systems subject to the Privacy Act of 1974, as amended. Publication of this notice complies with the Privacy Act and the Office of Management and Budget (OMB) Circular A-108 and Circular A-130. System of Records Notice (SORN) titled, Small Business Investment Company Information System (SBA SBICS 40), serves as a centralized and automated framework for the organization, retrieval, and analysis of information which supports the SBA's oversight and risk management roles for the SBIC program and SBA's technical assistance to and related support of any Capital Assistance Program (defined below).","document_number":"2025-16172","html_url":"https://www.federalregister.gov/documents/2025/08/25/2025-16172/small-business-investment-company-information-system-modification","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2025-08-25/pdf/2025-16172.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2025-16172.pdf?1755866708","publication_date":"2025-08-25","agencies":[{"raw_name":"SMALL BUSINESS ADMINISTRATION","name":"Small Business Administration","id":468,"url":"https://www.federalregister.gov/agencies/small-business-administration","json_url":"https://www.federalregister.gov/api/v1/agencies/468","parent_id":null,"slug":"small-business-administration"}],"excerpts":"(SBA \n \n <span class=\"match\">SBICS</span> 40), to update its inventory of records systems subject to the Privacy Act of 1974, as amended. Publication of this notice complies with the Privacy Act and the Office of Management and Budget (OMB) Circular A-108 and Circular A-130. System of Records Notice (SORN) titled, Small Business Investment Company Information System (SBA <span class=\"match\">SBICS</span> 40), serves as a centralized and automated framework for the organization, retrieval, and analysis of information which supports the SBA's oversight and <span class=\"match\">risk</span> management <span class=\"match\">roles</span> for the <span class=\"match\">SBIC</span> <span class=\"match\">program</span> and SBA's"},{"title":"Privacy Act of 1974; System of Records","type":"Notice","abstract":"The U.S. Small Business Administration (SBA) proposes to modify its system of records titled, Small Business Investment Company Information System (SBICIS) (SBA 40), to update its inventory of records systems subject to the Privacy Act of 1974, as amended. Publication of this notice complies with the Privacy Act and the Office of Management and Budget (OMB) Circular A-108 and Circular A-130. System of Records Notice (SORN) titled, Small Business Investment Company Information System (SBA 40), serves as a centralized and automated framework for the organization, retrieval, and analysis of SBIC information which supports the SBA's oversight and risk management roles for the SBIC program.","document_number":"2024-08000","html_url":"https://www.federalregister.gov/documents/2024/04/16/2024-08000/privacy-act-of-1974-system-of-records","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2024-04-16/pdf/2024-08000.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2024-08000.pdf?1713185130","publication_date":"2024-04-16","agencies":[{"raw_name":"SMALL BUSINESS ADMINISTRATION","name":"Small Business Administration","id":468,"url":"https://www.federalregister.gov/agencies/small-business-administration","json_url":"https://www.federalregister.gov/api/v1/agencies/468","parent_id":null,"slug":"small-business-administration"}],"excerpts":"Company license applicants, (ii) <span class=\"match\">SBIC</span> applicants, (iii) <span class=\"match\">SBICs</span> (solely for the purpose of this SORN, the term “<span class=\"match\">SBIC</span>” refers to each of (i), (ii), and (iii). This includes managers, executives, members, and employees associated or affiliated with an <span class=\"match\">SBIC</span>, and personal and professional references for certain of the foregoing. It also includes <span class=\"match\">SBIC</span> investors, <span class=\"match\">SBIC</span> portfolio companies, certain <span class=\"match\">SBIC</span> portfolio company employees, <span class=\"match\">SBIC</span> service providers, and certain other individuals associated, affiliated or involved with an <span class=\"match\">SBIC</span>. \n Additionally, this modification"},{"title":"Form N-PORT and Form N-CEN Reporting; Guidance on Open-End Fund Liquidity Risk Management Programs","type":"Rule","abstract":"The Securities and Exchange Commission (\"Commission\") is adopting amendments to reporting requirements on Forms N-PORT and N-CEN that apply to certain registered investment companies, including registered open-end funds, registered closed-end funds, and unit investment trusts. The amendments will require more frequent reporting of monthly portfolio holdings and related information to the Commission and the public, amend certain reporting requirements relating to entity identifiers, and require open-end funds to report information about service providers used to comply with liquidity risk management program requirements. In addition, the Commission is providing guidance related to open-end fund liquidity risk management program requirements.","document_number":"2024-19819","html_url":"https://www.federalregister.gov/documents/2024/09/11/2024-19819/form-n-port-and-form-n-cen-reporting-guidance-on-open-end-fund-liquidity-risk-management-programs","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2024-09-11/pdf/2024-19819.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2024-19819.pdf?1725972319","publication_date":"2024-09-11","agencies":[{"raw_name":"SECURITIES AND EXCHANGE COMMISSION","name":"Securities and Exchange Commission","id":466,"url":"https://www.federalregister.gov/agencies/securities-and-exchange-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/466","parent_id":null,"slug":"securities-and-exchange-commission"}],"excerpts":"trends, identify <span class=\"match\">risks</span>, inform policy and rulemaking, and assist Commission staff in examination and enforcement efforts. For a large segment of registered investment companies (“funds”), reports on Form N-PORT are an important source of information for the Commission and its staff.\n 2 \n \n These reports provide monthly information about a fund's complete portfolio holdings, as well as related information to help assess a fund's <span class=\"match\">risks</span>, including investment <span class=\"match\">risk</span> (\n e.g., \n interest rate <span class=\"match\">risk</span>, credit <span class=\"match\">risk</span>, and volatility <span class=\"match\">risk</span>), liquidity <span class=\"match\">risk</span>, counterparty"},{"title":"Scaling Critical Suppliers in Domestic Supply Chains","type":"Notice","abstract":"The U.S. Small Business Administration (SBA) requests public input to inform the design of near-term initiatives intended to strengthen domestic manufacturing capacity for critical components, subcomponents, materials, tooling, and specialized capabilities essential to economic resilience and national security. This request focuses on identifying opportunities to rapidly scale existing domestic supplier capacity in areas characterized by supply chain constraints or choke points. SBA is particularly interested in gaps where qualifying domestic small businesses have a demonstrated operating history but are unable to reach a specific near-term milestone due to a capital shortfall. Information received in response to this Request for information (RFI) will inform the development of SBA innovation programs and initiatives, including potential prize competitions designed to deliver measurable increases in production capacity, supplier participation, and supply chain resilience within a compressed execution window.","document_number":"2026-08554","html_url":"https://www.federalregister.gov/documents/2026/05/01/2026-08554/scaling-critical-suppliers-in-domestic-supply-chains","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-05-01/pdf/2026-08554.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-08554.pdf?1777553125","publication_date":"2026-05-01","agencies":[{"raw_name":"SMALL BUSINESS ADMINISTRATION","name":"Small Business Administration","id":468,"url":"https://www.federalregister.gov/agencies/small-business-administration","json_url":"https://www.federalregister.gov/api/v1/agencies/468","parent_id":null,"slug":"small-business-administration"}],"excerpts":"Business Investment Company (<span class=\"match\">SBIC</span>) <span class=\"match\">program</span>); \n • 15 U.S.C. 638 (Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) <span class=\"match\">programs</span>); and \n • 15 U.S.C. 3719 (prize competitions). \n \n SBA's investment and innovation <span class=\"match\">programs</span> are implemented in part through regulations at 13 CFR parts 107 and 121, as well as through sub-regulatory guidance, including Standard Operating Procedures and <span class=\"match\">program</span> notices. The Office of Investment and Innovation (OII) administers SBA's Innovation Network <span class=\"match\">Programs</span>, including the Growth Accelerator"},{"title":"Small Business Investment Company Investment Diversification and Growth","type":"Rule","abstract":"On October 19, 2022, the U.S. Small Business Administration (\"SBA\" or \"Agency\") published a notice of proposed rulemaking (\"NPRM\" or \"proposed rule\") to revise the regulations for the Small Business Investment Company (\"SBIC\") program to significantly reduce barriers to program participation for new SBIC fund managers and funds investing in underserved communities and geographies, capital intensive investments, and technologies critical to national security and economic development. The proposed rule introduced an additional type of SBIC (\"Accrual SBICs\") to increase program investment diversification and patient capital financing for Small Businesses, modernize rules to lower financial barriers to program participation, and incorporate the statutory requirements of the Spurring Business in Communities Act of 2017, which was enacted on December 19, 2018. This final rule implements proposed regulatory changes as modified to address comments SBA received.","document_number":"2023-13981","html_url":"https://www.federalregister.gov/documents/2023/07/18/2023-13981/small-business-investment-company-investment-diversification-and-growth","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2023-07-18/pdf/2023-13981.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2023-13981.pdf?1689261315","publication_date":"2023-07-18","agencies":[{"raw_name":"SMALL BUSINESS ADMINISTRATION","name":"Small Business Administration","id":468,"url":"https://www.federalregister.gov/agencies/small-business-administration","json_url":"https://www.federalregister.gov/api/v1/agencies/468","parent_id":null,"slug":"small-business-administration"}],"excerpts":"portfolio <span class=\"match\">risk</span> management and credit <span class=\"match\">risk</span> management processes in a Federal credit <span class=\"match\">program</span>. Among others, <span class=\"match\">risks</span> in private investing come in many forms. including illiquidity <span class=\"match\">risk</span>, duration <span class=\"match\">risk</span>, volatility <span class=\"match\">risk</span>, concentration <span class=\"match\">risk</span>, credit <span class=\"match\">risk</span>, and tail-event <span class=\"match\">risk</span>. Over several decades, SBA has found that illiquidity <span class=\"match\">risk</span>, duration <span class=\"match\">risk</span>, and strategy concentration <span class=\"match\">risk</span> correlate with the highest <span class=\"match\">risk</span> of overall <span class=\"match\">program</span> losses. The Accrual Debenture instrument combined with the portfolio diversification rules address these three primary <span class=\"match\">risk</span> considerations"},{"title":"Small Business Investment Company Investment Diversification and Growth","type":"Proposed Rule","abstract":"The U.S. Small Business Administration (\"SBA\" or \"Agency\") is proposing to revise the regulations for the Small Business Investment Company (\"SBIC\") program to significantly reduce barriers to program participation for new SBIC fund managers and funds investing in underserved communities and geographies, capital intensive investments, and technologies critical to national security and economic development. This proposed rule introduces an additional type of SBIC (\"Accrual SBICs\") to increase program investment diversification and patient capital financing for small businesses and modernize rules to lower financial barriers to program participation. This proposed rule will help SBA implement the Executive Order (\"E.O.\"), Advancing Racial Equity and Support for Underserved Communities Through the Federal Government, by reducing financial and administrative barriers to participate in the SBIC program and modernizing the program's license offerings to align with a more diversified set of private funds investing in underserved small businesses. The proposed rule also incorporates the statutory requirements of the Spurring Business in Communities Act of 2017, which was enacted on December 19, 2018.","document_number":"2022-22340","html_url":"https://www.federalregister.gov/documents/2022/10/19/2022-22340/small-business-investment-company-investment-diversification-and-growth","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2022-10-19/pdf/2022-22340.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2022-22340.pdf?1666097118","publication_date":"2022-10-19","agencies":[{"raw_name":"SMALL BUSINESS ADMINISTRATION","name":"Small Business Administration","id":468,"url":"https://www.federalregister.gov/agencies/small-business-administration","json_url":"https://www.federalregister.gov/api/v1/agencies/468","parent_id":null,"slug":"small-business-administration"}],"excerpts":"Business Investment Company (“<span class=\"match\">SBIC</span>”) <span class=\"match\">program</span> to significantly reduce barriers to <span class=\"match\">program</span> participation for new <span class=\"match\">SBIC</span> fund managers and funds investing in underserved communities and geographies, capital intensive investments, and technologies critical to national security and economic development. This proposed rule introduces an additional type of <span class=\"match\">SBIC</span> (“Accrual <span class=\"match\">SBICs</span>”) to increase <span class=\"match\">program</span> investment diversification and patient capital financing for small businesses and modernize rules to lower financial barriers to <span class=\"match\">program</span> participation. This proposed"},{"title":"Small Business Size Standards: Monetary-Based Industry Size Standards","type":"Proposed Rule","abstract":"The U.S. Small Business Administration (SBA or the Agency) proposes to increase its monetary based small business size definitions (commonly referred to as \"size standards\") for 263 industries (259 receipts based and four assets based). SBA proposes to retain receipts based size standards for 237 industries and 12 subindustries (\"exceptions\") and remove one exception. SBA's proposal relied on its recently revised \"Size Standards Methodology\" (Revised Methodology). SBA seeks comments on its proposed changes to size standards and data sources it evaluated to develop the proposed size standards. SBA also invites comments on its proposed policy of not lowering any size standards, except for excluding dominant firms from qualifying as small. In accordance with 5 U.S.C. 553(b)(4), a summary of this rule may be found at www.regulations.gov.","document_number":"2025-16142","html_url":"https://www.federalregister.gov/documents/2025/08/22/2025-16142/small-business-size-standards-monetary-based-industry-size-standards","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2025-08-22/pdf/2025-16142.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2025-16142.pdf?1755780357","publication_date":"2025-08-22","agencies":[{"raw_name":"SMALL BUSINESS ADMINISTRATION","name":"Small Business Administration","id":468,"url":"https://www.federalregister.gov/agencies/small-business-administration","json_url":"https://www.federalregister.gov/api/v1/agencies/468","parent_id":null,"slug":"small-business-administration"}],"excerpts":"business assistance <span class=\"match\">programs</span> or retaining that eligibility for a longer period. These include SBA's business loan <span class=\"match\">programs</span>, EIDL <span class=\"match\">program</span>, and Federal procurement <span class=\"match\">programs</span> intended for small businesses. Federal procurement <span class=\"match\">programs</span> provide targeted, set-aside opportunities for small businesses under the SBA's various contracting and business development <span class=\"match\">programs</span>. These include the 8(a) Business Development (BD) <span class=\"match\">Program</span>, the Historically Underutilized Business Zones (HUBZone) <span class=\"match\">Program</span>, the Women-Owned Small Businesses (WOSB) <span class=\"match\">Program</span>, the Economically"},{"title":"Open-End Fund Liquidity Risk Management Programs and Swing Pricing; Form N-PORT Reporting","type":"Proposed Rule","abstract":"The Securities and Exchange Commission (\"Commission\") is proposing amendments to its current rules for open-end management investment companies (\"open-end funds\") regarding liquidity risk management programs and swing pricing. The proposed amendments are designed to improve liquidity risk management programs to better prepare funds for stressed conditions and improve transparency in liquidity classifications. The amendments are also designed to mitigate dilution of shareholders' interests in a fund by requiring any open-end fund, other than a money market fund or exchange-traded fund, to use swing pricing to adjust a fund's net asset value (\"NAV\") per share to pass on costs stemming from shareholder purchase or redemption activity to the shareholders engaged in that activity. In addition, to help operationalize the proposed swing pricing requirement, and to improve order processing more generally, the Commission is proposing a \"hard close\" requirement for these funds. Under this requirement, an order to purchase or redeem a fund's shares would be executed at the current day's price only if the fund, its designated transfer agent, or a registered securities clearing agency receives the order before the pricing time as of which the fund calculates its NAV. The Commission also is proposing amendments to reporting and disclosure requirements on Forms N-PORT, N-1A, and N-CEN that apply to certain registered investment companies, including registered open-end funds (other than money market funds), registered closed-end funds, and unit investment trusts. The proposed amendments would require more frequent reporting of monthly portfolio holdings and related information to the Commission and the public, amend certain reported identifiers, and make other amendments to require additional information about funds' liquidity risk management and use of swing pricing.","document_number":"2022-24376","html_url":"https://www.federalregister.gov/documents/2022/12/16/2022-24376/open-end-fund-liquidity-risk-management-programs-and-swing-pricing-form-n-port-reporting","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2022-12-16/pdf/2022-24376.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2022-24376.pdf?1671111922","publication_date":"2022-12-16","agencies":[{"raw_name":"SECURITIES AND EXCHANGE COMMISSION","name":"Securities and Exchange Commission","id":466,"url":"https://www.federalregister.gov/agencies/securities-and-exchange-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/466","parent_id":null,"slug":"securities-and-exchange-commission"}],"excerpts":"of liquidity <span class=\"match\">risks</span> and their management would be better achieved through prospectus and shareholder report disclosure rather than Form N-PORT, and adopted a requirement to disclose in a narrative format a brief discussion of the operation and effectiveness of its liquidity <span class=\"match\">risk</span> management <span class=\"match\">program</span> in the fund's shareholder reports. The \n \n intent of the narrative framework was to provide investors with a holistic view of the liquidity <span class=\"match\">risks</span> of the fund and how effectively the fund's liquidity <span class=\"match\">risk</span> management <span class=\"match\">program</span> managed those <span class=\"match\">risks</span> on an ongoing"},{"title":"Small Business Size Standards: Revised Size Standards Methodology","type":"Rule","abstract":"The U.S. Small Business Administration (SBA or Agency) advises the public that it has revised its size standards methodology white paper, entitled \"SBA's Size Standards Methodology (June 2024)\" (the Revised Methodology or Methodology), explaining how it establishes, reviews, or revises small business size standards. SBA will apply the Revised Methodology to the forthcoming third five-year review of size standards required by the Small Business Jobs Act of 2010. On December 11, 2023, SBA published a notification seeking comments on proposed revisions to its Methodology. This notification describes major changes to the Methodology and their impacts on size standards, followed by a discussion of the comments SBA received on the proposed revisions to the Methodology and Agency's responses.","document_number":"2024-20228","html_url":"https://www.federalregister.gov/documents/2024/09/12/2024-20228/small-business-size-standards-revised-size-standards-methodology","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2024-09-12/pdf/2024-20228.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2024-20228.pdf?1726058722","publication_date":"2024-09-12","agencies":[{"raw_name":"SMALL BUSINESS ADMINISTRATION","name":"Small Business Administration","id":468,"url":"https://www.federalregister.gov/agencies/small-business-administration","json_url":"https://www.federalregister.gov/api/v1/agencies/468","parent_id":null,"slug":"small-business-administration"}],"excerpts":"included in the 2024 Revised Methodology.\n \n \n Should size standards vary from <span class=\"match\">program</span> to <span class=\"match\">program</span>? \n \n SBA received two comments addressing this issue, with both expressing support for the SBA's position of not varying the size standards from <span class=\"match\">program</span> to <span class=\"match\">program</span>. One commenter opposed size standards to vary from <span class=\"match\">program</span> to <span class=\"match\">program</span> because many small businesses participate in more than one SBA's <span class=\"match\">program</span>. The commenter argued that changing size standards from <span class=\"match\">program</span> to <span class=\"match\">program</span> would create substantial confusion. \n An industry association recommended that"},{"title":"Safe, Secure, and Trustworthy Development and Use of Artificial Intelligence","type":"Presidential Document","abstract":null,"document_number":"2023-24283","html_url":"https://www.federalregister.gov/documents/2023/11/01/2023-24283/safe-secure-and-trustworthy-development-and-use-of-artificial-intelligence","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2023-11-01/pdf/2023-24283.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2023-24283.pdf?1698765442","publication_date":"2023-11-01","agencies":[{"raw_name":"EXECUTIVE OFFICE OF THE PRESIDENT","name":"Executive Office of the President","id":538,"url":"https://www.federalregister.gov/agencies/executive-office-of-the-president","json_url":"https://www.federalregister.gov/api/v1/agencies/538","parent_id":null,"slug":"executive-office-of-the-president"}],"excerpts":"accelerators that support the incorporation or expansion of AI-related curricula, training, and <span class=\"match\">technical</span> assistance, or other AI-related resources within their <span class=\"match\">programming</span>; and \n (iii) assess the extent to which the eligibility criteria of existing <span class=\"match\">programs</span>, including the State Trade Expansion <span class=\"match\">Program</span>, <span class=\"match\">Technical</span> and Business Assistance funding, and capital-access <span class=\"match\">programs</span>—such as the 7(a) loan <span class=\"match\">program</span>, 504 loan <span class=\"match\">program</span>, and Small Business Investment Company (<span class=\"match\">SBIC</span>) <span class=\"match\">program</span>—support appropriate expenses by small businesses related to the adoption of AI and, if"},{"title":"Form N-PORT Reporting","type":"Proposed Rule","abstract":"The Securities and Exchange Commission (the \"Commission\") is proposing amendments to reporting requirements on Form N-PORT that apply to certain registered investment companies, including registered open-end funds, registered closed-end funds, and exchange-traded funds organized as unit investment trusts. The proposed amendments would modify provisions adopted in 2024 to provide these funds with an additional fifteen days to file monthly reports of portfolio-related information on Form N-PORT and would restore the quarterly publication frequency that had been in place for over two decades. The Commission is proposing these amendments in light of feedback from market participants and other developments. The Commission is also proposing to streamline or remove certain items and sub-items, reducing reporting burdens in ways that would not significantly affect the Commission's uses of the data and are not expected to significantly affect the public's ability to assess relevant information about a fund. Finally, the Commission is proposing to adjust how funds with share classes that operate as exchange-traded funds report certain information to improve information about this fund structure and to require information about funds' ticker symbols, as well as certain class-level identifiers, as applicable, to facilitate efficient use of the reported information.","document_number":"2026-03460","html_url":"https://www.federalregister.gov/documents/2026/02/23/2026-03460/form-n-port-reporting","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-02-23/pdf/2026-03460.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-03460.pdf?1771595112","publication_date":"2026-02-23","agencies":[{"raw_name":"SECURITIES AND EXCHANGE COMMISSION","name":"Securities and Exchange Commission","id":466,"url":"https://www.federalregister.gov/agencies/securities-and-exchange-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/466","parent_id":null,"slug":"securities-and-exchange-commission"}],"excerpts":"N-PORT are referred to as “registered funds”). Reports on Form N-PORT provide monthly information about a registered fund's complete \n \n portfolio holdings, as well as related information to help assess a fund's <span class=\"match\">risks</span>, including investment <span class=\"match\">risk</span> (\n e.g., \n interest rate <span class=\"match\">risk</span>, credit <span class=\"match\">risk</span>, and volatility <span class=\"match\">risk</span>), liquidity <span class=\"match\">risk</span>, counterparty <span class=\"match\">risk</span>, and leverage. These reports are an important source of information for the Commission and its staff in carrying out regulatory responsibilities related to registered funds and the broader asset management industry"},{"title":"Introduction to the Unified Agenda of Federal Regulatory and Deregulatory Actions-Fall 2023","type":"Proposed Rule","abstract":"Publication of the Fall 2023 Unified Agenda of Federal Regulatory and Deregulatory Actions represents a key component of the regulatory planning mechanism prescribed in Executive Order (\"E.O.\") 12866, \"Regulatory Planning and Review,\" (58 FR 51735, as amended) and reaffirmed in E.O. 13563, \"Improving Regulation and Regulatory Review,\" (76 FR 3821) and E.O. 14094, \"Modernizing Regulatory Review,\" (88 FR 21879). The Regulatory Flexibility Act requires that agencies publish semiannual regulatory agendas in the Federal Register describing regulatory actions they are developing that may have a significant economic impact on a substantial number of small entities (5 U.S.C. 602). The Unified Agenda of Federal Regulatory and Deregulatory Actions (Unified Agenda), published in the fall and spring, helps agencies fulfill all of these requirements. All Federal regulatory agencies have chosen to publish their regulatory agendas as part of this publication. The complete publication of the Fall 2023 Unified Agenda contains the Regulatory Plans of 29 Federal agencies and 69 Federal agency regulatory agendas available to the public at www.reginfo.gov. The Fall 2023 Unified Agenda publication appearing in the Federal Register includes the Regulatory Plan and agency Regulatory Flexibility Agendas, in accordance with the publication requirements of the Regulatory Flexibility Act. Agency Regulatory Flexibility Agendas contain only those Agenda entries for rules that are likely to have a significant economic impact on a substantial number of small entities and entries that have been selected for periodic review under section 610 of the Regulatory Flexibility Act.","document_number":"2024-00476","html_url":"https://www.federalregister.gov/documents/2024/02/09/2024-00476/introduction-to-the-unified-agenda-of-federal-regulatory-and-deregulatory-actions-fall-2023","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2024-02-09/pdf/2024-00476.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2024-00476.pdf?1707399919","publication_date":"2024-02-09","agencies":[{"raw_name":"REGULATORY INFORMATION SERVICE CENTER","name":"Regulatory Information Service Center","id":449,"url":"https://www.federalregister.gov/agencies/regulatory-information-service-center","json_url":"https://www.federalregister.gov/api/v1/agencies/449","parent_id":null,"slug":"regulatory-information-service-center"}],"excerpts":"of Executive Order 12866.\n \n \n Anticipated Costs and Benefits \n —a description of preliminary estimates of the anticipated costs and benefits of the action.\n \n \n <span class=\"match\">Risks</span> \n —a description of the magnitude of the <span class=\"match\">risk</span> the action addresses, the amount by which the agency expects the action to reduce this <span class=\"match\">risk</span>, and the relation of the <span class=\"match\">risk</span> and this <span class=\"match\">risk</span> reduction effort to other <span class=\"match\">risks</span> and <span class=\"match\">risk</span> reduction efforts within the agency's jurisdiction.\n \n V. Abbreviations \n The following abbreviations appear throughout this publication: \n \n ANPRM \n —An Advance"},{"title":"Investment Company Names","type":"Rule","abstract":"The Securities and Exchange Commission (\"Commission\") is amending the rule under the Investment Company Act of 1940 (\"Investment Company Act\" or \"Act\") that addresses certain broad categories of investment company names that are likely to mislead investors about an investment company's investments and risks. The amendments to this rule are designed to increase investor protection by improving, and broadening the scope of, the requirement for certain funds to adopt a policy to invest at least 80 percent of the value of their assets in accordance with the investment focus that the fund's name suggests, updating the rule's notice requirements, and establishing recordkeeping requirements. The Commission is also adopting enhanced prospectus disclosure requirements for terminology used in fund names, and additional requirements for funds to report information on Form N-PORT regarding compliance with the names-related regulatory requirements.","document_number":"2023-20793","html_url":"https://www.federalregister.gov/documents/2023/10/11/2023-20793/investment-company-names","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2023-10-11/pdf/2023-20793.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2023-20793.pdf?1696941913","publication_date":"2023-10-11","agencies":[{"raw_name":"SECURITIES AND EXCHANGE COMMISSION","name":"Securities and Exchange Commission","id":466,"url":"https://www.federalregister.gov/agencies/securities-and-exchange-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/466","parent_id":null,"slug":"securities-and-exchange-commission"}],"excerpts":"and their administrators to implement a continual or daily <span class=\"match\">program</span> for re-assessing portfolio investments for names rules compliance purposes.\n 171 \n \n Commenters argued that the burden of implementing a continual monitoring <span class=\"match\">program</span> is not warranted given the asserted lack of identified significant harm to investors from portfolio drift and the burden of creating and maintaining such a <span class=\"match\">program</span>.\n 172 \n \n These commenters stated that the burdens associated with a continual monitoring <span class=\"match\">program</span> would be particularly high because assessing portfolio investments'"},{"title":"Ownership and Control and Contractual Assistance Requirements for the 8(a) Business Development Program","type":"Rule","abstract":"This final rule makes several changes to the ownership and control requirements for the 8(a) Business Development (BD) program, including recognizing a process for allowing a change of ownership for a former Participant that is still performing one or more 8(a) contracts and permitting an individual to own an applicant or Participant where the individual can demonstrate that financial obligations have been settled and discharged by the Federal Government. The rule also makes several changes relating to 8(a) contracts, including clarifying that a contracting officer cannot limit an 8(a) competition to Participants having more than one certification and clarifying the rules pertaining to issuing sole source 8(a) orders under an 8(a) multiple award contract. The rule also makes several other revisions to incorporate changes to SBA's other government contracting programs, including changes to implement a statutory amendment from the National Defense Authorization Act for Fiscal Year 2022, to include blanket purchase agreements in the list of contracting vehicles that are covered by the definitions of consolidation and bundling, and to more clearly specify the requirements relating to waivers of the nonmanufacturer rule.","document_number":"2023-07855","html_url":"https://www.federalregister.gov/documents/2023/04/27/2023-07855/ownership-and-control-and-contractual-assistance-requirements-for-the-8a-business-development","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2023-04-27/pdf/2023-07855.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2023-07855.pdf?1682513117","publication_date":"2023-04-27","agencies":[{"raw_name":"SMALL BUSINESS ADMINISTRATION","name":"Small Business Administration","id":468,"url":"https://www.federalregister.gov/agencies/small-business-administration","json_url":"https://www.federalregister.gov/api/v1/agencies/468","parent_id":null,"slug":"small-business-administration"}],"excerpts":"targets. The statutory requirement for such targets relates to <span class=\"match\">program</span> years, meaning a Participant should receive a certain percentage of non-8(a) business during certain years in the <span class=\"match\">program</span>. In the October 2020 final rule, SBA changed all references to looking at business activity compliance from fiscal year to <span class=\"match\">program</span> year to align with the statutory authority. A <span class=\"match\">program</span> year lines up with the date that a Participant was certified as eligible to participate in the 8(a) BD <span class=\"match\">program</span>. That date generally is not the same as a Participant's fiscal"},{"title":"Community Reinvestment Act","type":"Rule","abstract":"The Office of the Comptroller of the Currency (OCC), Board of Governors of the Federal Reserve System (Board), and the Federal Deposit Insurance Corporation (FDIC) are adopting final amendments to their regulations implementing the Community Reinvestment Act of 1977 (CRA) to update how CRA activities qualify for consideration, where CRA activities are considered, and how CRA activities are evaluated.","document_number":"2023-25797","html_url":"https://www.federalregister.gov/documents/2024/02/01/2023-25797/community-reinvestment-act","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2024-02-01/pdf/2023-25797.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2023-25797.pdf?1706708716","publication_date":"2024-02-01","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"Office of the Comptroller of the Currency","name":"Comptroller of the Currency","id":80,"url":"https://www.federalregister.gov/agencies/comptroller-of-the-currency","json_url":"https://www.federalregister.gov/api/v1/agencies/80","parent_id":497,"slug":"comptroller-of-the-currency"},{"raw_name":"FEDERAL RESERVE SYSTEM","name":"Federal Reserve System","id":188,"url":"https://www.federalregister.gov/agencies/federal-reserve-system","json_url":"https://www.federalregister.gov/api/v1/agencies/188","parent_id":null,"slug":"federal-reserve-system"},{"raw_name":"FEDERAL DEPOSIT INSURANCE CORPORATION","name":"Federal Deposit Insurance Corporation","id":164,"url":"https://www.federalregister.gov/agencies/federal-deposit-insurance-corporation","json_url":"https://www.federalregister.gov/api/v1/agencies/164","parent_id":null,"slug":"federal-deposit-insurance-corporation"}],"excerpts":"final § __.13(b)(2)(ii)\n \n \n \n 316 \n  The housing choice voucher <span class=\"match\">program</span> is the Federal Government's major <span class=\"match\">program</span> for assisting very low-income families, the elderly, and the disabled to afford decent, safe, and sanitary housing in the private market. \n See \n 24 CFR part 982 (<span class=\"match\">program</span> requirements for the tenant-based housing assistance <span class=\"match\">program</span> under section 8 of the United \n \n States Housing Act of 1937 (42 U.S.C. 1437f); the tenant-based <span class=\"match\">program</span> is the housing choice voucher <span class=\"match\">program</span>). \n See also \n HUD, “Choice Vouchers Fact Sheet,” \n https://www"},{"title":"Inclusive Competition and Market Integrity Under the Packers and Stockyards Act","type":"Rule","abstract":"The U.S. Department of Agriculture's (USDA or Department) Agricultural Marketing Service (AMS or the Agency) amends its Packers and Stockyards Act, 1921, regulations to prohibit undue prejudice and unjust discrimination against individuals on a prohibited basis unrelated to the quality of the service or product provided. The rule also identifies retaliatory practices that interfere with lawful communications, assertion of rights, and associated participation, among other protected activities, as unjust discrimination prohibited by the law. Finally, the rule identifies deceptive practices that violate the Packers and Stockyards Act with respect to contract formation, contract performance, contract termination, and contract refusal. The purpose of this rule is to promote inclusive competition and market integrity in the livestock, meats, poultry, and live poultry markets.","document_number":"2024-04419","html_url":"https://www.federalregister.gov/documents/2024/03/06/2024-04419/inclusive-competition-and-market-integrity-under-the-packers-and-stockyards-act","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2024-03-06/pdf/2024-04419.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2024-04419.pdf?1709646316","publication_date":"2024-03-06","agencies":[{"raw_name":"DEPARTMENT OF AGRICULTURE","name":"Agriculture Department","id":12,"url":"https://www.federalregister.gov/agencies/agriculture-department","json_url":"https://www.federalregister.gov/api/v1/agencies/12","parent_id":null,"slug":"agriculture-department"},{"raw_name":"Agricultural Marketing Service","name":"Agricultural Marketing Service","id":9,"url":"https://www.federalregister.gov/agencies/agricultural-marketing-service","json_url":"https://www.federalregister.gov/api/v1/agencies/9","parent_id":12,"slug":"agricultural-marketing-service"}],"excerpts":"above, as well as below under the Tribal Consultation section.\n \n v. Treatment of Private Industry <span class=\"match\">Programs</span> Aimed at Establishing Preferences Intended To Address Systemic Inequality \n AMS requested comment related to private industry <span class=\"match\">programs</span> aimed at establishing preferences intended to address systemic inequality by partnering with Black producers or similar <span class=\"match\">programs</span> designed to address socially inclusive supply chains. It asked whether, if such <span class=\"match\">programs</span> were present in livestock and poultry markets, it should evaluate them and determine them to be"},{"title":"Introduction to the Unified Agenda of Federal Regulatory and Deregulatory Actions-Fall 2022","type":"Proposed Rule","abstract":"Publication of the Fall 2022 Unified Agenda of Federal Regulatory and Deregulatory Actions represents a key component of the regulatory planning mechanism prescribed in Executive Order (\"E.O.\") 12866, \"Regulatory Planning and Review,\" (58 FR 51735) and reaffirmed in E.O. 13563, \"Improving Regulation and Regulatory Review,\" (76 FR 3821). The Regulatory Flexibility Act requires that agencies publish semiannual regulatory agendas in the Federal Register describing regulatory actions they are developing that may have a significant economic impact on a substantial number of small entities (5 U.S.C. 602). The Unified Agenda of Regulatory and Deregulatory Actions (Unified Agenda), published in the fall and spring, helps agencies fulfill all of these requirements. All federal regulatory agencies have chosen to publish their regulatory agendas as part of this publication. The complete Unified Agenda and Regulatory Plan can be found online at www.reginfo.gov and a reduced print version can be found in the Federal Register. Information regarding obtaining printed copies can also be found on the Reginfo.gov website (or below, VI. How Can Users Get Copies of the Plan and the Agenda?). The Fall 2022 Unified Agenda publication appearing in the Federal Register includes the Regulatory Plan and agency regulatory flexibility agendas, in accordance with the publication requirements of the Regulatory Flexibility Act. Agency regulatory flexibility agendas contain only those Agenda entries for rules that are likely to have a significant economic impact on a substantial number of small entities and entries that have been selected for periodic review under section 610 of the Regulatory Flexibility Act. The complete Fall 2022 Unified Agenda contains the Regulatory Plans of 29 Federal agencies and 67 Federal agency regulatory agendas.","document_number":"2023-02113","html_url":"https://www.federalregister.gov/documents/2023/02/22/2023-02113/introduction-to-the-unified-agenda-of-federal-regulatory-and-deregulatory-actions-fall-2022","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2023-02-22/pdf/2023-02113.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2023-02113.pdf?1676987125","publication_date":"2023-02-22","agencies":[{"raw_name":"REGULATORY INFORMATION SERVICE CENTER","name":"Regulatory Information Service Center","id":449,"url":"https://www.federalregister.gov/agencies/regulatory-information-service-center","json_url":"https://www.federalregister.gov/api/v1/agencies/449","parent_id":null,"slug":"regulatory-information-service-center"}],"excerpts":"contract change costs.\n \n \n <span class=\"match\">Risks</span>: \n Agricultural production is an inherently risky endeavor, and returns have some level of <span class=\"match\">risk</span> no matter the marketing channel or structural arrangement. Tournament systems do not insulate growers from the financial <span class=\"match\">risk</span>, liquidity <span class=\"match\">risk</span>, the <span class=\"match\">risk</span> from incomplete contracts, and the lack of control over inputs and production variables. Tournaments also introduce new categories of <span class=\"match\">risks</span> to growers: Group composition <span class=\"match\">risk</span> and added <span class=\"match\">risks</span> of settlement-related deception or fraud. The <span class=\"match\">risks</span> of deception or fraud as discussed"},{"title":"Enhanced Disclosures by Certain Investment Advisers and Investment Companies About Environmental, Social, and Governance Investment Practices","type":"Proposed Rule","abstract":"The Securities and Exchange Commission (\"Commission\") is proposing to amend rules and forms under both the Investment Advisers Act of 1940 (\"Advisers Act\") and the Investment Company Act of 1940 (\"Investment Company Act\") to require registered investment advisers, certain advisers that are exempt from registration, registered investment companies, and business development companies, to provide additional information regarding their environmental, social, and governance (\"ESG\") investment practices. The proposed amendments to these forms and associated rules seek to facilitate enhanced disclosure of ESG issues to clients and shareholders. The proposed rules and form amendments are designed to create a consistent, comparable, and decision-useful regulatory framework for ESG advisory services and investment companies to inform and protect investors while facilitating further innovation in this evolving area of the asset management industry. In addition, we are proposing an amendment to Form N-CEN applicable to all Index Funds, as defined in Form N-CEN, to provide identifying information about the index.","document_number":"2022-11718","html_url":"https://www.federalregister.gov/documents/2022/06/17/2022-11718/enhanced-disclosures-by-certain-investment-advisers-and-investment-companies-about-environmental","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2022-06-17/pdf/2022-11718.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2022-11718.pdf?1655383512","publication_date":"2022-06-17","agencies":[{"raw_name":"SECURITIES AND EXCHANGE COMMISSION","name":"Securities and Exchange Commission","id":466,"url":"https://www.federalregister.gov/agencies/securities-and-exchange-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/466","parent_id":null,"slug":"securities-and-exchange-commission"}],"excerpts":"Item 8.D of the brochure, which would apply only to certain sponsor-managers that deliver wrap fee <span class=\"match\">program</span> brochures? Alternatively, should all wrap fee <span class=\"match\">program</span> sponsors be required to include this information in their wrap fee <span class=\"match\">program</span> brochures? Would this information be necessary in the wrap fee <span class=\"match\">program</span> brochure for wrap fee <span class=\"match\">program</span> clients that receive both a wrap fee <span class=\"match\">program</span> brochure from the sponsor and a brochure from the <span class=\"match\">program's</span> third-party portfolio manager? Under our proposal, are there wrap fee clients that would not receive this information"},{"title":"Community Reinvestment Act","type":"Proposed Rule","abstract":"The Board of Governors of the Federal Reserve System (Board), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) propose to amend their regulations implementing the Community Reinvestment Act of 1977 (CRA) to update how CRA activities qualify for consideration, where CRA activities are considered, and how CRA activities are evaluated.","document_number":"2022-10111","html_url":"https://www.federalregister.gov/documents/2022/06/03/2022-10111/community-reinvestment-act","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2022-06-03/pdf/2022-10111.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2022-10111.pdf?1654173916","publication_date":"2022-06-03","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"Office of the Comptroller of the Currency","name":"Comptroller of the Currency","id":80,"url":"https://www.federalregister.gov/agencies/comptroller-of-the-currency","json_url":"https://www.federalregister.gov/api/v1/agencies/80","parent_id":497,"slug":"comptroller-of-the-currency"},{"raw_name":"FEDERAL RESERVE SYSTEM","name":"Federal Reserve System","id":188,"url":"https://www.federalregister.gov/agencies/federal-reserve-system","json_url":"https://www.federalregister.gov/api/v1/agencies/188","parent_id":null,"slug":"federal-reserve-system"},{"raw_name":"FEDERAL DEPOSIT INSURANCE CORPORATION","name":"Federal Deposit Insurance Corporation","id":164,"url":"https://www.federalregister.gov/agencies/federal-deposit-insurance-corporation","json_url":"https://www.federalregister.gov/api/v1/agencies/164","parent_id":null,"slug":"federal-deposit-insurance-corporation"}],"excerpts":"the eligibility standard.\n \n \n \n 73 \n  The housing choice voucher <span class=\"match\">program</span> is the Federal government's major <span class=\"match\">program</span> for assisting very low-income families, the elderly, and the disabled to afford decent, safe, and sanitary housing in the private market. \n See \n 24 CFR part 982 (<span class=\"match\">program</span> requirements for the tenant-based housing assistance <span class=\"match\">program</span> under Section 8 of the United States Housing Act of 1937 (42 U.S.C. 1437f); the tenant-based <span class=\"match\">program</span> is the housing choice voucher <span class=\"match\">program</span>). \n See also \n “U.S. Department of Housing and Urban Development"},{"title":"Prohibition Against Fraud, Manipulation, or Deception in Connection With Security-Based Swaps; Prohibition Against Undue Influence Over Chief Compliance Officers; Position Reporting of Large Security-Based Swap Positions","type":"Proposed Rule","abstract":"The Securities and Exchange Commission (\"SEC\" or \"Commission\") is re-proposing for comment a rule under the Securities Exchange Act of 1934 (\"Exchange Act\"), which would be a new rule designed to prevent fraud, manipulation, and deception in connection with effecting transactions in, or inducing or attempting to induce the purchase or sale of, any security-based swap. The rule is designed specifically to take into account the unique features of a security- based swap and would explicitly reach misconduct in connection with the ongoing payments and deliveries that typically occur throughout the life of a security-based swap. The Commission also is proposing a new rule, which would make it unlawful for any officer, director, supervised person, or employee of a security-based swap dealer or major security-based swap participant, or any person acting under such person's direction, to directly or indirectly take any action to coerce, manipulate, mislead, or fraudulently influence the security- based swap dealer's or major security-based swap participant's chief compliance officer (\"CCO\") in the performance of their duties under the federal securities laws or the rules and regulations thereunder. Finally, the Commission is using its authority under the Exchange Act to propose for comment a new rule, which would require any person with a security-based swap position that exceeds a certain threshold to promptly file with the Commission a schedule disclosing certain information related to its security-based swap position.","document_number":"2021-27531","html_url":"https://www.federalregister.gov/documents/2022/02/04/2021-27531/prohibition-against-fraud-manipulation-or-deception-in-connection-with-security-based-swaps","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2022-02-04/pdf/2021-27531.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2021-27531.pdf?1643895913","publication_date":"2022-02-04","agencies":[{"raw_name":"SECURITIES AND EXCHANGE COMMISSION","name":"Securities and Exchange Commission","id":466,"url":"https://www.federalregister.gov/agencies/securities-and-exchange-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/466","parent_id":null,"slug":"securities-and-exchange-commission"}],"excerpts":"means that market participants may not be aware of the <span class=\"match\">risk</span> of default of their counterparties, especially to those with concentrated, large positons who would be more prone to <span class=\"match\">risks</span> from price fluctuations. While counterparties could attempt to price in the <span class=\"match\">risk</span> of additional default <span class=\"match\">risk</span>, they currently lack the information necessary to accurately calculate the magnitude of that additional <span class=\"match\">risk</span>.\n \n \n \n 194 \n  Navneet Arora, Priyank Gandhi &amp; Francis A. Longstaff, Counterparty Credit <span class=\"match\">Risk</span> and the Credit Default Swap Market, 103 J. of Fin. Econ"}]}