Bill would require quarterly public reports on SBA small business investment funds
In markupH.R. 10353Latest action
Sponsor: Brad Finstad · Representative · MN
AIDecoded by AI · checked against the recordRead the official text
Official title: SBIC Reporting Modernization Act of 2026
119th Congress
Topics: Jobs & the economy
Introduced:
Read the official bill on Congress.govIn plain words
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The SBIC Reporting Modernization Act would make the SBA publish quarterly public reports on its small business investment fund program.
40-second read · 4 questions answered below
What does this do?
This bill requires the SBA to publish a quarterly public report on Small Business Investment Companies (SBICs), which are privately owned investment funds licensed by the SBA that combine private money with government-backed loans to invest in small businesses. The report must show application and licensing approval numbers, how many companies met full licensing requirements, total dollar amounts of government-backed "debentures" issued, and estimated jobs created or maintained.
Who does it affect?
The SBA would take on new quarterly reporting duties; small business owners, investors, and policymakers would gain access to more frequent program data.
Why does it matter?
More frequent public reporting could increase transparency and oversight of a program that relies on federal loan guarantees, affecting how the public and officials monitor its use.
AI-drafted summary. Check it against the official text before you act on it.
Based on the “Introduced in House” text of Sep 14, 2026.
Read the official bill on Congress.govMake the call
Where does it stand?
- IntroducedSep 14, 2026
- House committeeYou are here · Sep 16, 2026
- House vote
- Senate
- The president's desk
Right now: a House committee is reviewing it. If the Senate changes it, it goes back to the House before reaching the president.
Latest action: — Ordered to be Reported by the Yeas and Nays: 23 - 0.