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119-hr-10353119th Congress

SBIC Reporting Modernization Act of 2026

Sponsored By: Representative Finstad, Brad [R-MN-1]

In Committee

Summary

Quarterly SBIC performance reports would require the Small Business Administration to publish regular, standardized updates on licensed Small Business Investment Companies. The reports focus on licensing progress, debenture issuance, and jobs tied to SBIC investments.

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  • SBA and program managers would have to publish a standalone quarterly report starting 90 days after enactment and then every quarter. The report must include licensing data, debenture totals, and job impacts.
  • Prospective and current SBIC applicants would be tracked more visibly, with counts of applicants advancing to final licensing and counts meeting statutory requirements reported.
  • Investors and the public would get clearer data on the dollar value of debentures issued during each period, helping assess program scale.
  • Small businesses and communities could see how SBIC activity links to local employment through the required count of jobs created or sustained.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

Finstad, Brad [R-MN-1]

MN • R

Cosponsors

  • Rep. Morrison, Kelly [D-MN-3]

    MN • D

    Sponsored 9/14/2026

Roll Call Votes

No roll call votes available for this bill.

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