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FEDERALhearing transcript

Senate Hearing on Small Business Investment Company (SBIC) Conflicts of Interest

Original title: Conflict of interest problems in SBIC's: hearing before a subcommittee of the Committee on Banking and Currency, United States Senate, Eighty-eighth Congress, first session, on S. 298, a bill to amend the Small business investment act of 1958. September 5, 1963.

July 19, 2026

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The Frame

What this does

The hearing examines regulatory changes to S. 298, which dictates how investment companies manage potential conflicts of interest when providing capital to small businesses.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

Small Business Investment Companies

These companies are subject to the regulatory changes proposed in S. 298 regarding conflict of interest management.

Small businesses

These entities receive capital from SBICs, which may be impacted by new conflict of interest regulations.

What changed

Last recorded activity July 19, 2026.

What's next

Next step not available in the current record.

Summary

This document is a transcript record of a 1963 U.S. Senate subcommittee hearing regarding proposed amendments to the Small Business Investment Act of 1958. The hearing focused on addressing potential conflicts of interest within Small Business Investment Companies (s).

Key Facts

  • The hearing took place on September 5, 1963.
  • The subcommittee reviewed S. 298, a bill proposing amendments to the Small Business Investment Act of 1958.
  • The primary subject of the hearing was the identification and regulation of conflict of interest problems within Small Business Investment Companies (SBICs).

Frequently Asked Questions

What is an SBIC?
An is a Small Business Investment Company, a type of entity regulated under the Small Business Investment Act of 1958.
What was the purpose of this hearing?
The hearing was held to discuss proposed amendments (S. 298) to address issues within the program.

Why It Matters

The hearing examines regulatory changes to S. 298, which dictates how investment companies manage potential conflicts of interest when providing capital to small businesses.

News Coverage

No news coverage found yet. Articles are indexed twice daily.

Discoveries

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

policy shift90% confidence

Early SBIC Regulation

The document highlights that conflict of interest concerns were a primary focus of federal oversight for SBICs just five years after the program's inception.

Connected Entities

organizationCommittee on Banking and CurrencySenate committee overseeing the hearingMap →
otherSmall Business Investment Act of 1958The existing legislation being amendedMap →

Sources

Open source document

www.govinfo.gov

Analysis Score

0–100
  • Significance60
    How much this matters to a regular citizen
  • Controversy40
    Intensity of disagreement among stakeholders
  • Entertainment10
    Compellingness for a non-policy-wonk reader
  • Buzz5
    Current news / social attention level

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