WASHINGTON – In a significant move, Administrator Isabella Casillas Guzman has unveiled a comprehensive modernization of the U.S. Small Business Investment Company (SBIC) Program, a key component of President Biden’s Investing in America Agenda. The SBIC Investment Diversification and Growth Rule, set to take effect on August 17, 2023, represents a pivotal step toward boosting access to funding for small businesses, startups, and investment managers while fostering diversity within the ecosystem.