Bill · H.R. 10353· House(119-HR-10353)
SBIC Reporting Modernization Act of 2026
- Introduced
- 9/14/2026
- Last activity
- 9/16/2026 — Ordered to be Reported by the Yeas and Nays: 23 - 0.
- Sponsored by
- Brad Finstad
- Cosponsors
- - 0 - 1
- Introduced
What this bill would do
This bill is known as the SBIC Reporting Modernization Act of 2026. It amends the Small Business Investment Act of 1958 to require new reporting. Specifically, the Administrator must publish a quarterly report on small business investment companies on a webpage of the Administration. The first report starts 90 days after the enactment of this paragraph, and they continue quarterly thereafter. These reports will keep track of specific details regarding small business investment companies and their activities.
Yes· 3 of 5
Does this make what the government does easier for the public to see?+3
The bill requires the publication of detailed quarterly reports on a public webpage.
Does this make it easier to run a small business?+2
Modernizing reporting for SBICs improves transparency and accessibility of data regarding small business investment.
Would business owners be better off under this?+2
Increased transparency regarding SBIC investments can benefit small business owners seeking capital.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Section 2: This section requires the Administrator to publish a quarterly report that includes the number of jobs created or sustained due to investments made by small business investment companies, which helps the public see the employment impact of these investments.
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Section 2: Under this section, the quarterly report must include the dollar value of debentures issued under the title, giving people clear insight into the financial activity taking place.
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Section 2: The reports must also show the number of applicants approved to proceed to the final licensing phase and how many of those met the requirements of section 302(a), holding officials accountable by showing licensing progress.
Potential Negative Impacts for People
- The provided text does not contain any specific sections or provisions that outline potential negative consequences or burdens for individuals or groups of people in the United States.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Economy And Finance
- Improves Small Business Support+2Improves Economic Growth+1Increases Job Creation+1
- Governance And Ideology
- Improves Government Transparency+3
- Demographic And Interest Groups
- Good For Business Owners+2
A committee approved it and sent it to the floor
What changed from Introduced in House: No change to the wording. Only the printed details that record the bill’s progress, such as the heading and dates, are different.
- 9/16/2026
- Committee Consideration and Mark-up Session Held
- Ordered to be Reported by the Yeas and Nays: 23 - 0.
- 9/14/2026
- Referred to the House Committee on Small Business.
- 1 Cosponsor added.
- Introduced in House
Kelly MorrisonDemocrat · Minnesota