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H.R. 10353 House Commerce

SBIC Reporting Modernization Act of 2026

House Floor
Introduced
Sep 14, 2026
Sponsor
Rep. Finstad, Brad (R-MN-1)
View on Congress.gov

STAGE 4 OF 8 — HOUSE FLOOR

Currently in the House. Last action: motion to reconsider laid on the table agreed to without objection on Nov 11, 2026.

  1. House Introduced in House Sep 14, 2026
  2. House Referred to the House Committee on Small Business. Sep 14, 2026
  3. House Committee Consideration and Mark-up Session Held Sep 16, 2026
  4. House Ordered to be Reported by the Yeas and Nays: 23 - 0. Sep 16, 2026
  5. House Reported by the Committee on Small Business. H. Rept. 119-845. Oct 9, 2026
  6. House Placed on the Union Calendar, Calendar No. 742. Oct 9, 2026
  7. House Mr. Williams (TX) moved to suspend the rules and pass the bill. Nov 11, 2026
  8. House Considered under suspension of the rules. Nov 11, 2026
  9. House DEBATE - The House proceeded with forty minutes of debate on H.R. 10353. Nov 11, 2026
  10. House Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote. Nov 11, 2026
  11. House On motion to suspend the rules and pass the bill Agreed to by voice vote. Nov 11, 2026
  12. House Motion to reconsider laid on the table Agreed to without objection. Nov 11, 2026

Cosponsors

1

Subjects

Business investment and capitalCongressional oversightEconomic performance and conditionsGovernment information and archivesGovernment studies and investigationsSmall business

Committees

  • Small Business Committee
    • [Reported By, Oct 9, 2026]
    • [Markup By, Sep 16, 2026]
    • [Referred To, Sep 14, 2026]

Summary

SBIC Reporting Modernization Act of 2026This bill requires the Small Business Administration (SBA) to report quarterly on its website specified information about Small Business Investment Companies (SBICs), such as the amount of SBA-guaranteed financing SBICs receive. SBICs are privately owned companies, licensed and regulated by the SBA, which invest in small businesses through debt and equity.The quarterly report must include (1) elements of the SBA's annual report, such as the number of licensed SBICs and the amount of government leverage each has received; (2) the number of SBIC applicants approved; and (3) the number of jobs created or sustained as a result of SBIC investments. (In general, an SBIC may receive $2 of SBA-guaranteed financing for every $1 in private capital the SBIC raises, subject to a $150 million limit).

[Summary as of: Reported to House]

Bill Text

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