Small Business Investment Companies

Pursuant to a legislative requirement, GAO provided information on its review of the the Small Business Administration's Small Business Investment Company (SBIC) program for the period from September 1992 through September 1995. GAO noted that: (1) its 1995 and 1996 products on the SBIC program, taken as a whole, have fulfilled the reporting requirement; and (2) it issued three reports on prohibited practices of specific SBICs and specialized SBICs.