# 2026-14696: SBA Tweaks Paperwork for Small-Business Investment Funds

2026-14696, Small Business Investment Company (“SBIC”) Program: SBA Model Form of Agreement for Limited Partnership SBICs, is a Federal Register notice from Small Business Administration published 2026-07-21, effective Comment Date: Comments on the Model must be received on or before September 21, 2026.; PRIA reads it as touching household money (as of 2026-07-28).

- Canonical: https://policyrisk.com/federal-register/2026-14696
- As of: 2026-07-28
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2026-14696
- Title: Small Business Investment Company (“SBIC”) Program: SBA Model Form of Agreement for Limited Partnership SBICs
- Type: Notice
- Agencies: Small Business Administration
- Citation: 91 FR 45872
- Published: 2026-07-21
- Effective: Comment Date: Comments on the Model must be received on or before September 21, 2026.
- Comments close: 2026-09-21
- Significant: no
- Touches household money: yes
- Regulation identifier numbers: none
- Last updated: 2026-07-28

## In one line

SBA Tweaks Paperwork for Small-Business Investment Funds

## Summary

The SBA is updating its standard agreement for Small Business Investment Companies (SBICs) that operate as limited partnerships. This update aims to make the agreement more like private fund contracts while keeping important rules to protect the program and taxpayers. If you’re involved with SBICs, now’s the time to share your thoughts before the September 21, 2026 deadline!

## Abstract

The Small Business Administration ("SBA") intends to update the SBA Model Form of Limited Partnership Agreement (the "Model") to more closely align with customary provisions generally outlined in private funds, while maintaining those regulatory and policy provisions within the Model that are necessary to minimize the risk of loss in the SBIC program and ensure consistency with SBA's updated regulations and policies. SBA welcomes comments from the public on the current Model (Version 3.0) and on how best to achieve this objective. Specific recommendations for change, with supporting rationale, are welcome. SBA intends to consider such comments in drafting a revised Model, for potential release at a later date.

## Effects PRIA read

- SBIC Limited Partnership Agreement Update: benefit, medium. If you run or plan to form a Small Business Investment Company (SBIC) as a limited partnership, the SBA intends to update its Model Limited Partnership Agreement to make it more like private fund contracts while keeping the regulatory and policy provisions that minimize risk to the SBIC program and…

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## Sources
- [2026-14696 on federalregister.gov](https://www.federalregister.gov/documents/2026/07/21/2026-14696/small-business-investment-company-sbic-program-sba-model-form-of-agreement-for-limited-partnership)
- [2026-14696 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2026-07-21/pdf/2026-14696.pdf)

## Related
- [Previous: 2026-14695, International Product Change-Priority Mail Express International, Priority Mail…](https://policyrisk.com/federal-register/2026-14695)
- [Next: 2026-14699, Agency Information Collection Activities: Proposed Collection; Comment Request](https://policyrisk.com/federal-register/2026-14699)
- [All Federal Register documents](https://policyrisk.com/federal-register)

Source: PRIA, https://policyrisk.com/federal-register/2026-14696 (as of 2026-07-28).