HR10353119th Congress
SBIC Reporting Modernization Act of 2026
Sponsored By: Representative Finstad, Brad [R-MN-1]
In Committee
Summary
Quarterly public reporting on Small Business Investment Company (SBIC) activity. This bill would require the Small Business Administration to publish quarterly reports on SBIC licensing, debenture issuance, and jobs tied to SBIC investments.
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- SBICs: Licensed Small Business Investment Companies would face a new public reporting duty. Reports must begin 90 days after enactment and continue every quarter.
- Small businesses and workers: Communities and firms that receive SBIC funding would see the number of jobs created or sustained linked to those investments.
- Policymakers and investors: The reports must show licensing progress including counts of applicants moving to the final licensing phase, and the dollar value of debentures issued, giving regular, comparable program metrics.
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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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