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H.R. 4130 House Finance and Financial Sector

Small Business Relief Act

Introduced
Jun 25, 2025
Sponsor
Rep. Garbarino, Andrew R. (R-NY-2)
View on Congress.gov (opens in a new tab)

STAGE 3 OF 8 — CALENDARS AND SCHEDULING

Currently in the House. Last action: placed on the union calendar, calendar no. 450 on Feb 25, 2026.

  1. House Introduced in House Jun 25, 2025
  2. House Referred to the House Committee on Financial Services. Jun 25, 2025
  3. House Committee Consideration and Mark-up Session Held Dec 16, 2025
  4. House Committee Consideration and Mark-up Session Held Dec 17, 2025
  5. House Ordered to be Reported (Amended) by the Yeas and Nays: 28 - 24. Dec 17, 2025
  6. House Reported (Amended) by the Committee on Financial Services. H. Rept. 119-525. Feb 25, 2026
  7. House Placed on the Union Calendar, Calendar No. 450. Feb 25, 2026

Cosponsors

1

Subjects

Business investment and capitalBusiness recordsLicensing and registrationsSecuritiesSmall business

Committees

  • Financial Services Committee
    • Reported By , Feb 25, 2026
    • Markup By , Dec 17, 2025
    • Markup By , Dec 16, 2025
    • Referred To , Jun 25, 2025

Summary

Small Business Relief ActThis bill allows issuers of securities to have institutional investors and buyers in a class of securities without needing to comply with certain Securities and Exchange Commission (SEC) registration requirements.Currently, issuers of securities must register with and periodically report to the SEC when, among other requirements, the number of investors in a class of securities exceeds a specific cap. Under the bill, qualified institutional buyers and institutional accredited investors do not count towards this cap.

Summary as of: Reported to House

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