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HR 10353
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SBIC Reporting Modernization Act of 2026

To amend the Small Business Investment Act of 1958 to require a quarterly report on small business investment companies, and for other purposes.

Introduced Sep 14, 2026

Latest action (Sep 16, 2026) Ordered to be Reported by the Yeas and Nays: 23 - 0.

Referred to
Small Business Committee
Policy area
Commerce
Legislative subjects (6)
Business investment and capitalCongressional oversightEconomic performance and conditionsGovernment information and archivesGovernment studies and investigationsSmall business

Sponsor (1)
1 cosponsor

Actions (4)
  1. Sep 16, 2026 Ordered to be Reported by the Yeas and Nays: 23 - 0. · house
  2. Sep 16, 2026 Committee Consideration and Mark-up Session Held · house
  3. Sep 14, 2026 Referred to the House Committee on Small Business. · house
  4. Sep 14, 2026 Introduced in House

More bills on these subjects (8)

Other bills that carry the most legislative subjects in common with this one (topical discovery — distinct from the procedural related bills above).

  • HR 1 — An act to provide for reconciliation pursuant to title II of H. Con. Res. 14. (shares 6 subjects)
  • S 3755 — Digital Commodity Intermediaries Act (shares 5 subjects)
  • HR 580 — Unfunded Mandates Accountability and Transparency Act of 2025 (shares 5 subjects)
  • HR 5300 — Department of State Policy Provisions Act (shares 5 subjects)
  • S 853 — INNOVATE Act (shares 5 subjects)
  • HR 421 — Small Business Regulatory Flexibility Improvements Act (shares 5 subjects)
  • HR 1654 — CUTS Act (shares 5 subjects)
  • S 368 — BLOCK Act (shares 5 subjects)

Text versions (1)
  • Introduced in House · Sep 14, 2026

Only one text version is on file, so there’s no earlier version to compare against yet.

Full text

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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