Justification for Non-Substantive Change

Non-Substantive Change Request

OMB Control Number 3245-0063

SBA Form 468 SBIC Financial Reports

Date Submitted: February 24, 2025

Summary of Request: SBA is requesting a change request to revise questions to align with E.O. 14168 Defending Women from Gender Ideology Extremism and Restoring Biological Truth to the Federal Government and E.O. 14151 Ending Radical and Wasteful Government DEI Programs and Preferencing.

Description of Changes Requested: This request updates questions used in SBA Form 468 to be in accordance with EOs 14168 and 14151. This request includes:

 Revision of existing questions

 Deletion of existing questions

Description of Changes to Burden (if applicable): N/A

Description of Changes:

SBA Form 468	Type of Change	Question/Item	Requested Change
Instructions, v5.0	Question Revision/Deletion	P19, Exhibit V-2 P52, Columns M through Y: Voluntary Demographic Information	Changed “Gender” to “Sex” - removed “X” and “Prefer Not to Disclose” options
Excel Form, v5.0	Question Revision/ Deletion	Schedule 11, Column P and U	Deleted - removed “X” and “Prefer Not to Disclose” options
	Question Deletion	Exec Summary tab, Rows 15 and 16	Deleted - removed DEI, ESG (environmental, social and corporate governance) and responsible investing references
Reinvestor Exhibit, v2.0	Question Deletion	Underlying Funds tab	Deleted column V (Fund Maintains an ESG Policy)

Attachments (if applicable):

• SBA Form 468, Instructions, v5.0

• SBA Form 468, v5.0

• SBA Form 468, Reinvestor Exhibit, v2.0