119 HR 10353 IH: SBIC Reporting Modernization Act of 2026 U.S. House of Representatives 2026-09-14 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I119th CONGRESS2d SessionH. R. 10353IN THE HOUSE OF REPRESENTATIVESSeptember 14, 2026Mr. Finstad (for himself and Ms. Morrison) introduced the following bill; which was referred to the Committee on Small BusinessA BILLTo amend the Small Business Investment Act of 1958 to require a quarterly report on small business investment companies, and for other purposes.

1.

Short title

This Act may be cited as the SBIC Reporting Modernization Act of 2026.

2.

Quarterly small business investment company performance report

Section 308(g) of the Small Business Investment Act of 1958 (15 U.S.C. 687(g)) is amended by adding at the end the following new paragraph:(4)

Quarterly report

(A)

In general

Beginning on the date that is 90 days after the date of the enactment of this paragraph, and quarterly thereafter, the Administrator shall publish on a webpage of the Administration a report on small business investment companies licensed under this title.(B)

Contents

Each report required by this paragraph shall include, for the period covered by the report, the following:(i)The information described in paragraph (3)(A).(ii)The number of applicants approved by the Administrator to proceed to the final licensing phase under section 107.300(b) of title 13, Code of Federal Regulations (or a similar successor regulation).(iii)The number of applicants received the approval described in clause (ii) and met the requirements of section 302(a).(iv)The dollar value of debentures issued under this title.(v)The number of jobs created or sustained due to investments made by small business investment companies..