Federal Register, plain-English, daily

The Small Business
Rule Change Brief

Vol. 1 · No. 32

Friday, May 22, 2026

32 issues in archive

Rule lifecycle · DOCKET:License No. 02020702

Brightwood Capital SBIC III, LP, Brightwood Capital SBIC IV, LP; Notice Seeking Exemption Under Section 312 of the Small Business Investment Act, Conflicts of Interest

Small Business Administration — observed across 1 document over 0 days.

In plain English

Two Brightwood Capital funds are asking for permission to operate with conflicts of interest that would normally be against the rules for small-business investment companies. Your business could be affected if you're seeking funding from these firms, so monitor the SBA comment period to understand what conflicts exist and whether the exemption gets approved.

First seen

May 22, 2026

Last seen

May 22, 2026

Latest stage

Notice

PRORULE → RULE

Stage timeline

  1. Notice·May 22, 2026·91 FR 30359

    Brightwood Capital SBIC III, LP, Brightwood Capital SBIC IV, LP; Notice Seeking Exemption Under Section 312 of the Small Business Investment Act, Conflicts of Interest

    #2026-10339