Federal Register #2026-14696

SBA Requests Public Comment on Model Limited Partnership Agreement for SBIC Program

The U.S. Small Business Administration (SBA) is seeking public input on its Model Form of Limited Partnership Agreement (the "Model") for the Small Business Investment Company (SBIC) Program. - The SBA plans to update the Model to better reflect current private fund practices while maintaining regulatory safeguards and compliance requirements. - No procurement of products or services is involved in this notice. - No Original Equipment Manufacturers (OEMs) or vendors are referenced, as this is a request for public comment on a regulatory document. - The SBA encourages the public to provide recommendations and supporting rationale to help revise the Model Agreement. - There are no product or service line items, quantities, or part numbers associated with this opportunity.

Description

The Small Business Administration (SBA) intends to update the SBA Model Form of Limited Partnership Agreement to better align with customary provisions in private funds while maintaining necessary regulatory and policy provisions to minimize risk and ensure compliance with SBA regulations. The update aims to reflect changes in the private equity and venture capital industry and SBA's updated regulations. Public comments and specific recommendations with supporting rationale are invited to assist in drafting the revised Model. Comments must be received by September 21, 2026.

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