U.S. Congress legislation · 119th Congress
HB10353: SBIC Reporting Modernization Act of 2026
Status: In committee, October 9, 2026
To amend the Small Business Investment Act of 1958 to require a quarterly report on small business investment companies, and for other purposes.
What the bill says
To amend the Small Business Investment Act of 1958 to require a quarterly report on small business investment companies, and for other purposes.
From the committee substitute text, October 9, 2026:
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. SECTION 1. Short title This Act may be cited as the SBIC Reporting Modernization Act of 2026 . SECTION 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 …
Sponsors
- Brad Finstad (R, HD-001) · primary sponsor
- Kelly Morrison (D, HD-003)
Latest actions
- : Placed on the Union Calendar, Calendar No. 742.
- : Reported by the Committee on Small Business. H. Rept. 119-845.
- : Ordered to be Reported by the Yeas and Nays: 23 - 0.
- : Committee Consideration and Mark-up Session Held
- : Referred to the House Committee on Small Business.
- : Introduced in House
Subjects: Commerce, Small business, Economic performance and conditions, Government information and archives, Government studies and investigations, Congressional oversight, Business investment and capital
Common questions
- What is HB10353?
- HB10353 is a bill in Congress (119th Congress): SBIC Reporting Modernization Act of 2026.
- What does HB10353 do?
- In its own words: To amend the Small Business Investment Act of 1958 to require a quarterly report on small business investment companies, and for other purposes.
- What is the status of HB10353?
- In committee as of October 9, 2026. Latest action: Placed on the Union Calendar, Calendar No. 742. (October 9, 2026).
- Who sponsored HB10353?
- Brad Finstad (R, HD-001), with 1 co-sponsor.
- Where is the official record for HB10353?
- On the Congress website: https://www.congress.gov/bill/119th-congress/house-bill/10353
Source: official Congress record. Tracked by Delilah, AI for legislation across all 50 states and Congress.