Bill Detail
H.R. 10353
Congress: 119
Title
SBIC Reporting Modernization Act of 2026
Summary
SBIC Reporting Modernization Act of 2026 This 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).
Sponsor
Rep. Brad Finstad [R-MN-1]
Status
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
Status as of Nov 13, 2026, 4:32 PM · synced 1d ago
Introduced
2026-09-14
Data source mode: congress-gov
Bill Engagement
SBIC Reporting Modernization Act of 2026 This bill requires the Small Business Administration (SBA) to report quarterly on its website specified information about Small Business…
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