# 119-hr-10353: SBIC Reporting Modernization Act of 2026

119-hr-10353, SBIC Reporting Modernization Act of 2026, is a 119th Congress bill sponsored by Rep. Finstad, Brad [R-MN-1] (R-MN); status in_committee (as of 2026-11-04).

- Canonical: https://policyrisk.com/legislation/119-hr-10353
- As of: 2026-11-04
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-10353
- Congress: 119
- Title: SBIC Reporting Modernization Act of 2026
- Status: in_committee
- Introduced: 2026-09-14
- Sponsor: Rep. Finstad, Brad [R-MN-1] (R-MN)
- Cosponsors: 1
- Policy area: Commerce
- Touches household money: no
- Last recorded action: 2026-11-04

## 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. - 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.

## Cosponsors (1)

- Rep. Morrison, Kelly [D-MN-3] (D-MN), 2026-09-14T00:00:00.000Z

## Related bills

- 119-hr-3151: SHIPS for America Act of 2025
- 119-hr-4669: FEMA Act of 2025
- 119-hr-1229: United States-Israel Defense Partnership Act of 2025
- 119-hr-137: TCJA Permanency Act
- 119-hr-6976: Duty Status Reform Act
- 119-hr-842: Nancy Gardner Sewell Medicare Multi-Cancer Early Detection Screening Coverage Act

## Sources
- [119-hr-10353 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/10353)

## Related
- [119-hr-3151: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-hr-3151)
- [119-hr-4669: FEMA Act of 2025](https://policyrisk.com/legislation/119-hr-4669)
- [119-hr-1229: United States-Israel Defense Partnership Act of 2025](https://policyrisk.com/legislation/119-hr-1229)
- [119-hr-137: TCJA Permanency Act](https://policyrisk.com/legislation/119-hr-137)
- [119-hr-6976: Duty Status Reform Act](https://policyrisk.com/legislation/119-hr-6976)
- [119-hr-842: Nancy Gardner Sewell Medicare Multi-Cancer Early Detection Screening Coverage A…](https://policyrisk.com/legislation/119-hr-842)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-10353 (as of 2026-11-04).