HR10353Referred to Committee

SBIC Reporting Modernization Act of 2026

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Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2026-09-14
Introduced
1
Cosponsors
HR
ⓘ
Type

Sponsor

Brad Finstad
Brad Finstad
Republican · MN · Representative
Votes with party: 98.5% (650 recorded votes)

Full profile: /officials/F000475

Source: Congress.gov · FEC

Cosponsors (1)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

Referred to the House Committee on Small Business.

2026-09-14

Source: Congress.gov

Committee Activity

Currently in

Plain-English Summary

Plain-English summary pending. Introduced on 2026-09-14. Check back soon — summaries are generated as bills progress through Congress.

Full Bill Text

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[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 10353 Introduced in House (IH)] <DOC> 119th CONGRESS 2d Session H. R. 10353 To amend the Small Business Investment Act of 1958 to require a quarterly report on small business investment companies, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES September 14, 2026 Mr. Finstad (for himself and Ms. Morrison) introduced the following bill; which was referred to the Committee on Small Business _______________________________________________________________________ A BILL To amend the Small Business Investment Act of 1958 to require a quarterly report on small business investment companies, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``SBIC Reporting Modernization Act of 2026''. SEC. 2. QUARTERLY SMALL BUSINESS INVESTMENT COMPANY PERFORMANCE REPORT. Section 308(g) of the Small Business Investment Act of 1958 (15 U.S.C. 687(g)) is amended by adding at the end the following new paragraph: ``(4) Quarterly Report.-- ``(A) In general.--Beginning on the date that is 90 days after the date of the enactment of this paragraph, and quarterly thereafter, the Administrator shall publish on a webpage of the Administration a report on small business investment companies licensed under this title. ``(B) Contents.--Each report required by this paragraph shall include, for the period covered by the report, the following: ``(i) The information described in paragraph (3)(A). ``(ii) The number of applicants approved by the Administrator to proceed to the final licensing phase under section 107.300(b) of title 13, Code of Federal Regulations (or a similar successor regulation). ``(iii) The number of applicants received the approval described in clause (ii) and met the requirements of section 302(a). ``(iv) The dollar value of debentures issued under this title. ``(v) The number of jobs created or sustained due to investments made by small business investment companies.''. <all>
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